Regis Healthcare Ltd. · ASX:REG
Regis Healthcare — Macquarie Securities Conference 2017
21 slides from Regis Healthcare's conference presentation, May 4, 2017
Slide 1: Regis Healthcare presentation, 4 May 2017
For personal use only 4 May 2017 Artists Impression Regis Lutwyche QLD
Slide 2: Contents
•1• For personal use only Artists Impression Regis Lutwyche QLD CONTENTS 01 Business overview and update •2• 02 Growth strategy •8• 03 Summary • 12 • 3 MAY 2017
Slide 3: Business overview and update
•2• 01 For personal use only Business overview and update
Slide 4: Residential Aged Care Market
•3• RESIDENTIAL AGED CARE MARKET A substantial segment of the healthcare services sector with strong industry growth metrics For personal use only KEY INDUSTRY DYNAMICS1 RESIDENTIAL AGED CARE SECTOR COMPOSITION IN AUSTRALIA1,2 ◼ $15.8 billion industry size by annual revenue Govt. Bupa 9% 5% Opal 9%
Slide 5: Aged Care Reform Landscape
•4• AGED CARE REFORM LANDSCAPE Aged care reforms are being progressively implemented in three phases over 10 years For personal use only JULY 2014 Aged Care Roadmap – Launched JULY 2015 Living Longer Living Better Aged Care Sector Committee tasked with developing a Start of a reform program roadmap
Slide 6: Who is Regis
•5• WHO IS REGIS Regis is one of the largest private providers of residential aged care in Australia For personal use only ◼ Regis’ portfolio is one of the most geographically diversified portfolios in Australia ◼ The company operates in six States and Territories ◼ Regis’ facilities are primarily l
Slide 7: Regis Has Grown Through Development and Acquisition
•6• REGIS HAS GROWN THROUGH DEVELOPMENT AND ACQUISITION Growth in operational places of 62% over the last 8 years For personal use only Timeline of portfolio growth 7000 Operational Places 6027 5880 6000 5049 5000 4719 4581 4469 4164 4040 3836 No of Places 4000 3620 Growth since FY08 driven by: 3000
Slide 8: Company Performance Since ASX Listing
•7• COMPANY PERFORMANCE SINCE ASX LISTING The Company has delivered on guidance in each reporting period since listing For personal use only Total Operational Places EBITDA ($ million)1 7,000 80 6,000 60 6,027 61.8 5,880 53.5 51.6 5,000 40 44.8 44.7 5,049 5,088 4,719 4,855 4,000 20 3,000 - FY14 1H F
Slide 9: Portfolio Overview
•8• PORTFOLIO OVERVIEW Regis continues to execute its growth strategy For personal use only Total Regis Rose Bay As at 1 May 2017 Total operational NSW places Number of Facilities 55 Total places1 7,619 6,127 Total operational places 6,127 55 facilities Total rooms 5,363 Total single bed rooms 4,924
Slide 10: Resident Profile
•9• RESIDENT PROFILE Combination accomodation payments have increased in popularity For personal use only ◼ 47% of non supported residents1 chose to pay a full RAD in PROFILE OF ACCOMMODATION PAYMENT TYPES 1H FY17 FOR INCOMING RESIDENTS5 ◼ During this period there was a minor movement from full RADs
Slide 11: Growth Strategy
• 10 • 02 For personal use only Growth Strategy
Slide 12: Consistent Growth Strategy – Residential Aged Care
• 11 • CONSISTENT GROWTH STRATEGY – RESIDENTIAL AGED CARE Taking advantage of industry growth and consolidation to improve and grow the portfolio For personal use only GROWTH STRATEGY – FOUR LEVERS • Regis has acquired 3 single Facilities since November 2014, adding 444 places to the portfolio Acqui
Slide 13: Strategy Focus
• 12 • STRATEGY FOCUS Execution of growth strategy For personal use only THE COMPANY MAINTAINS ITS FOCUS ON THE EXECUTION OF ITS GROWTH STRATEGY THROUGH: ◼ Optimising the location of its new developments – continuing to focus principally on urban locations ◼ Ensuring efficient Facility size – the de
Slide 14: Overview of Developed Portfolio in FY20
• 13 • OVERVIEW OF DEVELOPED PORTFOLIO IN FY20 Quality focus continues as the company executes the current development pipeline For personal use only PREDICTED AGED CARE PORTFOLIO STATISTICS Total Estimated as at end of FY20 Total operational places Number of Facilities Total operational places 7,16
Slide 15: Retirement Living Growth Strategy - Background
• 14 • RETIREMENT LIVING GROWTH STRATEGY - BACKGROUND Regis has owned and operated co-located Retirement Villages since 2007 For personal use only ◼ Regis has owned and operated co-located retirement villages (RV) and aged care facilities (ACF) in Melbourne and Perth since Regis 2007, prior to listi
Slide 16: Retirement Living Opportunity
• 15 • RETIREMENT LIVING OPPORTUNITY Opportunity to develop company owned and operated co-located Retirement Village and Aged Care facilities For personal use only STRATEGIC OPPORTUNITY ◼ 3.2 million Australians are currently over 65. This is projected to Regis be 8.1 million by 20501 Rose Bay NSW ◼
Slide 17: Retirement Living – Existing Facilities
• 16 • RETIREMENT LIVING – EXISTING FACILITIES Regis has 550 existing Retirement Village units For personal use only Location Total Independent Co-located Burwood site area living units aged care East, VIC (sqm) (current) places draft of Masterplan (current) stage 1 Burwood East, VIC 85,000 269 310
Slide 18: Summary
• 17 • 03 For personal use only Summary Artists Impression Regis Lutwyche QLD
Slide 19: In Summary: Regis re-affirms its FY17 guidance
• 18 • IN SUMMARY Regis re-affirms its FY17 guidance For personal use only ◼ The Company re-affirms the guidance for its FY17 results provided on 24 February 2017 ◼ Following the Dept of Health guidance to Approved Providers in September 2016 in relation to fees and charges that providers may charge
Slide 20: In Summary: Focus on execution of growth strategy
• 19 • IN SUMMARY Regis maintains its focus on the execution of its growth strategy For personal use only ◼ The development program continues to ramp up: ● 211 new places were delivered in FY16 and a further 100 have been delivered in FY17 following the opening of Regis Kingswood in Adelaide in Apri
Slide 21: Important Notice
• 20 • IMPORTANT NOTICE For personal use only This presentation contains general information about the activities of Regis Healthcare Limited (Regis) which is current as at 31 December 2016. It is in summary form and does not purport to be complete. It presents financial information on both a statut
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