Oceania Healthcare Ltd. · NZX:OCA
Oceania Healthcare — Shareholder Meeting (September 2020)
24 slides from Oceania Healthcare's shareholder meeting presentation, Sep 24, 2020
Slide 1: Annual General Meeting for the Financial Year Ended 31 May 2020
ANNUAL GENERAL MEETING FOR THE FINANCIAL YEAR ENDED 31 MAY 2020 HANDLED WITH CARE. 24 SEPTEMBER 2020 0
Slide 2: Agenda
Agenda 01 Welcome 02 Introduction to Directors & Management 03 Chair’s Address 04 CEO’s Address 05 Business of Meeting 06 Other Business 1
Slide 3: Oceania's Directors
Oceania’s Directors Oceania has a highly experienced Board with a diverse range of skills Elizabeth Coutts Alan Isaac Dame Kerry Gregory Tomlinson Sally Evans Patrick McCawe Prendergast Chair and Independent Independent Director Independent Director Independent Director Independent Director Director
Slide 4: Chair's Address – Elizabeth Coutts
Chair’s Address Elizabeth Coutts 3
Slide 5: FY2020 Highlights
FY2020 Highlights Our care and village business were resilient in the face of COVID-19 and we remain committed to our strategy. Response to COVID-19 Financial performance favourable in light of COVID-19 ● Focus over the last six months has been on keeping our residents ● Underlying EBITDA from conti
Slide 6: Executing our Strategy
Executing our Strategy We have delivered 668 new retirement village units and care suites since IPO, including opening five new premium care centres at Meadowbank, The Sands, The BayView, Awatere and Green Gables. Key developments delivered since IPO Meadowbank The Sands The BayView Future 137 Apart
Slide 7: Becoming more sustainable
Becoming more sustainable Oceania is committed to enhancing value for all of our stakeholders in a sustainable manner. 6
Slide 8: Other matters
Other matters Change in ownership during FY2020 Final dividend declared Balance date change ● On 3 February 2020, Oceania Healthcare ● Final dividend per share of 1.2 cents per ● Change in balance date to Holdings Limited sold its entire 40.94% share (not imputed1) bringing total 31 March from 2021.
Slide 9: CEO's Address – Earl Gasparich
CEO’s Address Earl Gasparich Green Gables (completed in September 2020) 8
Slide 10: FY2020 Financial highlights
FY2020 Financial highlights Underlying EBITDA in line with prior corresponding period at $63.5m, despite losing the ability to sell retirement village units during the final quarter of the financial year due to the Government lockdown. Underlying EBITDA from continuing operations1 Underlying NPAT fr
Slide 11: Care strategy
Care strategy Our aged care strategy is to redevelop our portfolio of well-located sites into new aged care centres that generate higher, resident-funded, premium revenue. Premium units and care beds will more than double1 to comprise 69% of our portfolio Premium Villas & Apartments 44% 29% Care Sui
Slide 12: COVID-19 impact and response
COVID-19 impact and response Essential service provider status and defensive care earnings stream ensured Oceania was well positioned through COVID-19 uncertainty Impact Response Aged care ● Operations responsible for the care of over 3,600 residents, a ● Oceania has not recorded any COVID-19 cases
Slide 13: Our people
Our people We are focussed on fostering a strong team culture that rewards staff for the vital roles they play in Oceania’s success Looking after our staff during lockdown International Nurses Day 2020 Employee share scheme ● Maintain staffing levels throughout the ● 77% uptake in this year’s scheme
Slide 14: Our Developments
Our Developments The Sands (completed in May 2019) 13
Slide 15: Green Gables Nelson
Green Gables Nelson Green Gables completed in September 2020. 28 61 Apartments Care Suites 14
Slide 16: Eden Auckland
Eden Auckland Eden completion scheduled for FY2022. Community 49 Centre Apartments 15
Slide 17: The BayView Tauranga
The BayView Tauranga The BayView Stage 2a completion scheduled for FY2021. Stage 2a Commenced December 2018 35 Apartments Remainder of Stage 2 scheduled for completion in FY2022 16
Slide 18: The Bellevue Christchurch (formerly Windermere)
The Bellevue Christchurch (formerly Windermere) The Bellevue completion scheduled for FY2021. Scheduled to complete in FY2021 22 71 Apartments Care Suites 17
Slide 19: Waimarie St, Auckland
Waimarie St, Auckland Scheduled to commence earthworks in 1HY2021. 76 32 Apartments Care Suites 18
Slide 20: Our Development Pipeline
Our Development Pipeline Status of Development Pipeline 1,511 1,764 Units & beds Units & beds consented in the pipeline 253 Units 392 Units Planned Under Construction 14.3% 22.2% 85.7% consented or under construction 1,119 Units 63.4% Consented 19
Slide 21: Resolutions
Resolutions 20
Slide 22: Resolutions
Resolutions 01 02 That Elizabeth Coutts, who retires by That the Directors be authorised to fix the rotation, and being eligible, offers herself remuneration of PricewaterhouseCoopers for re-election, be re-elected as a Director as the auditor of the Company for the of the Company. ensuing year. 21
Slide 23: Questions from the floor
General Business Questions from the floor Please submit questions via the webcast platform using the Q&A icon ( ) as outlined at the beginning of the meeting 22
Slide 24: Thank you
Thank you 23
Oceania Healthcare — Shareholder Meeting (September 2020) on 6ix