1. WACOSS Conference May 2016 The Future of Our Work - New Ways, New Models Presenter: Garry Ellender, CEO

2. What I’m Going To Cover 1.Access Housing Background 2.Political & Market Context 3.Access Corporate Community Infrastructure Note 4.The Future Innovate & Thrive

3. Access Housing Background 2016: AHA Services 750 tenancies $7.5 million annual turnover $7.5 million net assets $700k annual net profit 2,000 tenancies $30 million annual turnover $160 million net assets $4.8 million annual net profit

4. Political & Market Context 1 million low-income households in rental & mortgage stress; 200,000 on public housing Wait Lists. Substantial housing supply shortfall Lack of effective Government policy and investment Lack of Private Sector Investment No institutional investment vehicle or model to drive scalable new supply No Government enhancement / tax credit scheme to drive new supply No housing bond market in Australia Massive non-performing social housing asset bases controlled by State Housing Authorities An emerging NFP Housing sector, that is limited in scale and lacks financial investment expertise

5. Access CCIN: An Example of NFP Innovation Problem Statement: Lack of affordable housing supply. Limitations of a debt funded model to drive new housing supply at scale CCIN Investment structure established to provide private equity capital finance to deliver social and affordable rental outcomes on Government land, specifically infill sites containing under-utilised & under performing public housing assets The innovation lies in: o Commercial returns achieved without Government enhancement o 7 Year Fund structure (v’s standard build & sell models) o The CCI Note structure (tradeable, liquid & scalable) o The modular construction time & cost efficiencies o Plays to AHA’s tenancy & Property management strengths o The central importance of the NFP in making the model work o The opportunity to layer in NFP land into the structure

6. NFP’s That Will Survive & Thrive Change is a Constant – NFP’s need to be adaptable to change Values driven – our Core Values are Constant. Professional – expertise and capacity Innovative, flexible and independence of thought Willing to Scale - Why Big Is Better Trusted partner – collaborative across all sectors Diversified & financially strong Strategic leadership – willingness to challenging the status quo

7. WACOSS Conference 2016