Green Cross Health Ltd · NZX:GXH
Green Cross Health — FY2025 Earnings Presentation
21 slides from Green Cross Health's earnings presentation, May 29, 2025
Slide 1: Annual Results for the Year to 31 March 2025
ANNUAL RESULTS FOR THE YEAR TO 31 MARCH 2025
Slide 2: Disclaimer
Disclaimer The information in this presentation was prepared by Green Cross Health Limited (GXH) with due care and attention. However, the information is supplied in summary form and is therefore not necessarily complete, and no representation is made as to the accuracy, completeness or reliability
Slide 3: GXH Annual Result - Financial Overview
GXH Annual Result - Financial Overview Group Operating Net Profit Pharmacy Medical Revenue Profit After Tax Operating Operating (EBIT) (attributable to shareholders) Profit Profit $523.8m $38.7m $16.0m $21.5m $19.5m GXH Annual Results Presentation 29 May 2025 Pg 3
Slide 4: Pharmacy Division
Pharmacy Division New Zealand’s largest network of health retailers: supporting easy access to quality health care
Slide 5: Pharmacy Performance
Pharmacy Performance Pharmacy Operating Revenue ($m) 370.4 • Revenue up 2% to $370.4m with strong 367.1 363.6 performance in dispensary, partially offset by 360.4 retail decline FY22 FY22 FY23 FY23 FY24 FY24 FY25 FY25 • Operating Profit up to $21.5m driven by top Pharmacy Operating Profit ($m) line
Slide 6: Care & Advice Health Hub
11 core clinical Care & Advice Health Hub services available in all Care & Advice Health Hubs 77,000 service Launch of the Care & Advice Health Hub within Unichem & Life pharmacies bookings made online positioned to support New Zealand’s growing demand for essential health services 41% increase in n
Slide 7: Investment in Beauty
Investment in Beauty Modernising the Life brand instore experience with the launch of the first ‘Beauty by Life’ concept at the Life Newmarket store Targeting further stores to be upgraded by the end of the year Enhancing the beauty and wellness product offering by introducing new ranges and product
Slide 8: Improving Customer Journey
Improving Customer Journey Targeted offers for products and services through the Living Rewards Living Rewards membership grew to over programme 2.09 million members, with members spending 50% more than non-members Enhancing the product range with Website upgraded to new and exclusive improve functi
Slide 9: Pharmacy Future Focus
Pharmacy Future Focus Clinical Retail Customer Network scale Cost services disciplines experience & leadership focus Expand clinical Workforce Differentiated brands Improving customer Leveraging our trusted services through Care productivity, margin and products with accessibility & brands & advocat
Slide 10: Medical Division
Medical Medical Division Division Growth, leadership and sustainable models of care Growth, leadership and sustainable models of care
Slide 11: Medical Performance
Medical Performance Medical Operating Revenue ($m) Revenue up 9% to $153.4m primarily 133.2 140.3 153.4 due to full year impact of FY24 111.0 acquisitions and one FY25 acquisition FY22 FY23 FY24 FY25 Operating Profit up to $19.5m driven FY22 FY23 FY24 FY25 by acquisition and operational improvement
Slide 12: Focus on Operational Performance
Focus on Operational Performance Operational Efficiency 80% 16% 70% 14% • Focus on operational efficiency, including 60% 12% through utilisation of technology, has 50% 10% improved employee costs to 72% of Revenue Cost % EBIT % 40% 8% • Continuing to advocate for improved funding arrangements to ens
Slide 13: Moving to a Team-Based Model of Care
Moving to a Team-Based Model of Care The national shortage of general practitioners is an ongoing challenge and is being managed through a On site GPs Virtual GPs move to a team-based model of care New roles have been established to increase capacity within practices and provide timely patient care
Slide 14: Investment and Innovation
Investment and Innovation • Baymed and Kerikeri practices underwent major refurbishments adding capacity to care for more patients, in an upgraded clinical environment • The Doctors rebranding programme continued with 45 centres now operating under the brand • Over 120,000 registered users on The Do
Slide 15: Medical Future Focus
Medical Future Focus Innovative Direct Operations Cost Technology improvement & margin care model funding High quality patient care Calling for improved Utilising data and Continuous Workforce delivered through a funding arrangements systems to increase improvement in productivity & margin team-base
Slide 16: Group Financial Result
Group Financial Result 12 months ended 31 March 2025 GXH Annual Results Presentation 29 May 2025 Pg 16
Slide 17: Group Revenue and Operating Profit
Group Revenue and Operating Profit GXH GXHOperating OperatingRevenue RevenueFrom FromContinuing ContinuingOperations ($m) GXH Operating Profit From Continuing Operations ($m) Operations ($m) 523.8 48.5 503.9 34.3 38.7 493.6 31.8 478.1 FY22 FY22 FY23 FY23 FY24 FY24 FY25 FY25 FY22 FY22 FY23 FY23 FY24
Slide 18: Group NPAT, EPS & Dividend
Group NPAT, EPS & Dividend GXH NPAT Attributable to Shareholders* ($m) Dividends Per Share (cps) 34.0 20.2 15.0 16.0 6.5 7.0 12.0 4.5 FY22 FY22 FY23 FY23 FY24 FY24 FY25 FY25 FY22 FY23 FY24 FY25 Based on dividends paid during the financial year GXH NPAT Attributable to Shareholders* (cps) • Net Profi
Slide 19: Working Capital and Operating Cashflow
Working Capital and Operating Cashflow GXH Gearing Ratio (debt / debt + equity) GXH Operating Cash Flow ($m) 17.3% 65.8 45.9 46.0 52.6 12.3% 10.4% 11.9% FY22 FY22 FY23 FY23 FY24 FY24 FY25 FY25 FY22 FY22 FY23 FY23 FY24 FY24 FY25 FY25 • Gearing ratio of 11.9% as at 31 March 2025 • Operating Cash Flow
Slide 20: About Green Cross Health
About Green Cross Health GXH Annual Results Presentation 29 May 2025 Pg 20
Slide 21: Who we are
Who we are Our Purpose: Working together to support healthier communities. We are passionately committed to the health and wellness of New Zealand, and to providing the best support, care and advice to our communities. This is our promise.