Investor Presentaiton
MACQUARIE AUSTRALIA CONFERENCE
Reimagine Urban Life
Expand Funds Management offering
mirvac
Current position
> Continued institutional demand for quality, modern, sustainable real estate in Australia
> Strong alignment of interest model (capital alignment considered in development and
investment decisions) and corporate governance track record
> Capital partnerships help unlock value in development pipeline, enhance returns in a rising
cost of capital environment, maintain balance sheet discipline, and add annuity earnings
> External AUM has grown by 28% pa since FY15 to ~$18bn
BENEFITS OF FUNDS MANAGEMENT STRATEGY EXPANSION
Diversifies
capital sources
Accelerates
Co-invest
development opportunities
Improves
ROIC
Unique alignment
of interest model
Utilises in-house
D&C capabilities
AUM scale
& synergies
(S)-O
向
~$18bn
External assets
under management¹
FUTURE FOCUS
Expand Funds Management offering
to unlock development pipeline
> Increase partnering across broader suite of asset classes
and product types, including living sectors, with aligned
partners with scope for growth
> Restructure organisation separating Funds Management,
Investments and Asset Management, addressing conflicts
of interest and helping to drive performance driven culture
> Utilise Mirvac's deep in-house creation & curation capabilities
to continue to deliver market leading investment and
sustainability performance
> Drive new Funds Management growth initiatives underway
across BTR, Industrial and MWOF
> Maintain co-investment model to align interest with
capital partners
1. As at 31 December 2022, includes funds and assets under management.
I Collins Place, Melbourne
MAY 2023 | 05View entire presentation