Investor Presentaiton
MIRVAC LIVING SECTORS INVESTOR DAY
Expand Funds Management offering
mirvac
> Restructured organisation establishing Funds division, ensuring leading corporate governance and performance
driven culture
> Added 3 major new aligned partnerships over FY23 with strong growth mandates including expanded relationship
with Australian Retirement Trust
> Broadened the suite of asset classes and product types including industrial and living sectors
> Secured management and successfully integrated Mirvac Wholesale Office Fund (MWOF), welcoming >50 staff
> Strong alignment of interest model (capital alignment considered in development and investment decisions)
and corporate governance track record
> Opportunity to help unlock value in development pipeline, enhance returns in a rising cost of capital environment,
maintain balance sheet discipline, and add annuity earnings
> ~$7bn of new FUM added to platform in FY23. 3rd party capital under management has grown to ~$17bn
BENEFITS OF FUNDS MANAGEMENT STRATEGY EXPANSION
Diversifies
capital sources
Co-invest
opportunities
Strong alignment
of interest model
~$17bn
development
Improves
ROIC
Utilises in-house
AUM scale
3rd Party Capital
Under Management¹
D&C capabilities
白白白
& synergies
Accelerates
QQQ
($)古
FUTURE FOCUS
Expand Funds Management offering
to unlock development pipeline
V
> Increase partnering across broader suite of asset
classes and product types, including living sectors,
with aligned partners with scope for growth
> Utilise Mirvac's deep in-house creation & curation
capabilities to continue to deliver market leading
investment and sustainability performance
> Focus where we have deep operational capability
and pursue growth opportunities for new BTR &
Industrial vehicles
> Maintain co-investment model to align interest
with capital partners
Transparency in our internal
and external relationships
Accountability for
our actions and output
QOO
Investor
Excellence in the
first mindset
way we execute
1. As at 30 June 2023, includes external funds, development and assets under management and excludes Mirvac's own investment in those assets/vehicles.
Collins Place, Melbourne
10 OCTOBER 2023.
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