Promisia Healthcare Limited · NZX:PHL
Promisia Healthcare — Shareholder Meeting (September 2024)
23 slides from Promisia Healthcare's shareholder meeting presentation, September 2024
Slide 1: Special Warrant Holders' Meeting
Promisia Healthcare Special Warrant Holders’ Meeting September 2024 1
Slide 2: Board Management
Board Management Rhonda Sherriff Karen Lake Chair Group General Manager Thomas Brankin Francisco Rodriguez Ferrere Executive Director General Manager Finance Craig Percy Executive Director1 Jill Hatchwell Independent Director Stepping down at the Annual Meeting Tony Mortensen Independent Director St
Slide 3: Warrant Holder Discussion
Promisia HEALTHCARE Warrant Holder Discussion
Slide 4: Resolutions: Warrant variation
Resolutions Warrant variation Resolution 1: To vary the exercise price of all Warrants on issue from $0.002 per Warrant to $0.001 per Warrant on the terms set out in this Notice of Meeting. 4
Slide 5: Annual Shareholders' Meeting
Promisia Healthcare Annual Shareholders’ Meeting September 2024 5
Slide 6: Agenda
Agenda Chair’s address Slides 7 –11 Financial update Slides 11 – 15 Stronger Business Slides 16 – 17 Shareholder discussion Slides 18 Resolutions Slides 19 - 21 6
Slide 7: Chair's address
Chair’s address Rhonda Sherriff Ranfurly Manor Village, Feilding 7
Slide 8: Our Portfolio
Our Portfolio Promisia is a New Zealand based aged care and retirement living provider, with a focus on delivering care that makes a difference. Our values are at the heart of all that we do. Supportive: We work side by side with our residents and their whānau to support the choices they make Feildi
Slide 9: Our Strategy
Our Strategy Promisia’s operational and financial performance is a result of our laser focus on our four strategic pathways: Stronger business Maximise Occupancy Invest in our business and our people, creating Grow revenue through offering quality care to a robust scalable platform for growth, with
Slide 10: Key achievements: Operational and clinical
Key achievements: Operational and clinical Aldwins House Promisia Group • Obtained certification for 40 YPD beds at Aldwins • Improved clinical standards and House outcomes across all facilities with new • Increased Aldwins House occupancy from 61% additions to management team. As a (Aug 23) to 89%
Slide 11: Key achievements: People and management
Key achievements: People and management Strengthened leadership team, with three key appointments: • Francisco Rodriguez Ferrere as General Manager of Finance • Blesster Saga as Clinical & Quality Manager • Mary van der Veldt as Quality Innovation Manager Appointment of Tony Mortensen as independent
Slide 12: Key achievements: Finance
Key achievements: Finance Debt and liquidity Equity and shareholding $33.9m of financing activity in the last 12 months, Successful capital raise in July: including: • Raised $4.725m • Repayment of second-tier lending secured • Broadened shareholder base against Aldwins Road land • Improved future a
Slide 13: Results to March 2024
Results to 31 March 2024 A solid full year result, with particularly strong Operating Revenue: $26.3m (+10%) second half performance. Operating Expenses: $18.9m (+7%) Impact and momentum being created by the new leadership team is evident, with Underlying EBITDAF: $3.8m (-7%) immediate focus on: • I
Slide 14: Outlook for year ending March 2025
Outlook for year ending March 2025 Targeting double digit earnings growth from existing operations Operational improvements already complete or underway can expect a positive impact on valuations Cromwell acquisition to be both materially accretive to earnings and NTA 14
Slide 15: Capital raise and share consolidation
Capital raise and share consolidation Impact of capital raise, warrants issuance, warrant variations and 500:1 share consolidation Promisia Healthcare Limited 31 March 2024 28 August 2024 27 September 2024 Issued Share Capital (Following completion of capital (Following ASM and 500:1 raise and Cromw
Slide 16: Stronger Business
Stronger Business Craig Percy Golden View Lifestyle Village, Cromwell 16
Slide 17: Stronger Business
Stronger Business Cromwell • Merging of operations across Ripponburn and Golden View • Gain operational efficiencies • Capitalising on the strong demand in the region (for both care bed and ILUs) • Assessing future growth/development opportunities Aldwins House • Build on the strong base established
Slide 18: Shareholder discussion
Shareholder discussion 18
Slide 19: Resolutions
Resolutions Ranfurly Manor Village, Feilding 19
Slide 20: Resolutions: Auditor reappointment and director re-election
Resolutions Auditor reappointment Resolution 1: To record the re-appointment of William Buck New Zealand as auditor of the Company and to authorise the Directors to fix the auditor’s remuneration for the ensuing year. Director re-election Resolution 2: To appoint Tony Mortensen as an independent dir
Slide 21: Resolutions: Warrant variations
Resolutions Warrant variations Resolution 3: To approve a variation to the exercise price of Warrants from $0.002 per Warrant to $0.001 per Warrant on the basis described in the explanatory notes. Resolution 4: To issue a further 9.45 billion Warrants to all investors of the Capital Raise so that ea
Slide 22: Disclaimer
Disclaimer This presentation has been prepared by Promisia Healthcare Limited (“PHL”). The information in this presentation is of a general nature only. It is not a complete description of PHL. This presentation is not a recommendation or offer of financial products for subscription, purchase or sal
Slide 23: Promisia Healthcare
Promisia HEALTHCARE 2)
Promisia Healthcare — Shareholder Meeting (September 2024) on 6ix