Radius Residential Care Ltd · NZX:RAD
Radius Residential Care — H1 2027 Earnings Presentation
35 slides from Radius Residential Care's earnings presentation, Nov 11, 2026
Slide 1: Half Year Presentation
Half Year Presentation For the period ended 30 September 2026 CONNECTED CARE FOR LIFE
Slide 2: Presenting today
2 1H27 INVESTOR PRESENTATION Presenting today Brien Cree Andrew Peskett Jeremy Edmonds Founder & Executive Chair Chief Executive Officer Chief Financial Officer BA (Hons), LLB BA, BCom, CA
Slide 3: Agenda
3 1H27 INVESTOR PRESENTATION Agenda Agenda 01 Overview of 1H27 Performance Strong financial performance and earnings growth 02 Analysis of Result Record first-half NPAT 03 Executing Radius Care’s Growth Strategy Accelerated execution of our capital-light growth strategy 04 Appendices Key operational
Slide 4: 1H27 financial highlights
4 1H27 INVESTOR PRESENTATION 1H27 financial highlights PROFIT BEFORE TAX NET PROFIT AFTER TAX EARNINGS PER SHARE ANNUALISED EBITDAR1,2 PER OCCUPIED CARE BED +17% +27% +27% $30.0k From $8.5m in 1H26 to From $6.3m in 1H26 to From 2.2cps in 1H26 to $10.0m in 1H27 $8.0m in 1H27 2.8cps in 1H27 From $31.1
Slide 5: 1H27 business highlights
5 1H27 INVESTOR PRESENTATION 1H27 OPERATING PERFORMANCE HIGHLY ENGAGED TEAM business • Profit Before Tax of $10.0m, +17% on 1H26. Over 2,250 team members deliver exceptional care in our fully staffed care highlights • Record first-half Net Profit After Tax of $8.0m +27% on 1H26. homes. • Interim cas
Slide 6: Exceptional people, exceptional care
6 1H27 INVESTOR PRESENTATION Exceptional people, exceptional care Operating performance and acquisitions deliver earnings growth. EXCEPTIONAL PEOPLE EXCEPTIONAL CARE GM CARE OPERATIONS Continuity matters: We lead the industry by a clear margin Sarah Nathan, our new GM Care with 22 of 25 care homes a
Slide 7: Analysis of result
7 1H27 INVESTOR PRESENTATION Analysis of result
Slide 8: Group financial performance overview
8 1H27 INVESTOR PRESENTATION Group financial performance overview Profit Before Tax increased +17% to $10.0m, including the $3.5m PROFIT BEFORE TAX NET PROFIT AFTER TAX gain on the acquisition of Sprott 1H27 PBT+17% vs pcp 1H27 NPAT+27% vs pcp House in Karori. $M $M Reported Net Profit After Tax was
Slide 9: Group revenue and underlying EBITDA
9 1H27 INVESTOR PRESENTATION Group revenue and underlying EBITDA High occupancy, improved care mix and the contribution from TOTAL REVENUE1 UNDERLYING EBITDA Karori drove revenue growth, 1H27 total revenue grew +8% vs pcp Underlying EBITDA of $14.4m, -3% vs pcp while increased uptake of premium room
Slide 10: AFFO and dividend
10 1H27 INVESTOR PRESENTATION AFFO and dividend INTERIM DIVIDEND AFFO Interim Cash Dividend (cps) 1H27 interim cash dividend of 1.1 1H27 -1% vs pcp 1H27 +10% vs pcp cents per share (with full imputation credits of 0.43 cps). $M CPS 8.0 1.2 1H27 interim dividend payout 44% of AFFO. 7.0 1.0 DATES 6.0
Slide 11: Net debt and leverage
11 1H27 INVESTOR PRESENTATION Net debt and leverage FY25 FY26 1H27 Total debt has increased, with $14.0m drawn to fund the acquisition of Sprott Leverage Ratio1 House in Karori, settled on 27 May 2026. (incl development debt) 2.9x 2.5x 3.4x In addition, $4.9m was drawn from development loan faciliti
Slide 12: Care performance
12 1H27 INVESTOR PRESENTATION Care Underlying EBITDAR Underlying EBITDAR1 per Care Bed2 Market leading returns Underlying EBITDAR of $27.9m, +3% vs pcp performance $M $K 30.0 35.0 High occupancy, improved care mix and accommodation 30.0 supplement growth supported a 25.0 +3% increase in Care Home Un
Slide 13: Village performance
13 1H27 INVESTOR PRESENTATION Village performance Eight villa resales were settled during the first half. VILLAGE EBITDA 20 new units will be available for sale during the second half year: $M • Six newly built villas at Matamata Country Lodge became available for sale at the end of October. 3.0 • 1
Slide 14: Health services performance
14 1H27 INVESTOR PRESENTATION Health services performance LUMA HEALTH SERVICES REVENUE1 4,348 cartons were delivered to Radius Care homes in 1H27. Successfully established as the main provider of continence $M products across Radius care homes, generating procurement 12.0 savings for the Group. Oppo
Slide 15: Growth
15 1H27 INVESTOR PRESENTATION Growth
Slide 16: Care expansion
16 1H27 INVESTOR PRESENTATION Care expansion First of 10 new-build care homes under construction The first of 10 new-build care homes is under construction, with subfloor works for the 100-bed Applefields care home in Belfast, Christchurch, now underway. The care home is scheduled to open in May 202
Slide 17: Sprott House acquisition
17 1H27 INVESTOR PRESENTATION Sprott House acquisition Sprott House, a 90-bed care home in Karori, Wellington, was acquired in May 2026 and is being integrated into Radius Care’s operating systems. Upgrade work on the care home is currently underway, and the site will be further enhanced with the fu
Slide 18: Village expansion
18 1H27 INVESTOR PRESENTATION Village expansion Incremental brownfield and greenfield opportunities considered where they add value to care homes Brownfield Development – 26 Villas Six new villas at Matamata were completed in October 2026. They are now available for sale, with applications already r
Slide 19: Health services
19 1H27 INVESTOR PRESENTATION Health services Luma and Radius Shop Home Support Cibus Luma, Radius Health’s proprietary Radius Home Support extends Radius’ Cibus provides specialist catering, menu continence range, has been successfully care offering into the home, providing planning and nutrition m
Slide 20: FY27 outlook
20 1H27 INVESTOR PRESENTATION FY27 outlook
Slide 21: Outlook
21 1H27 INVESTOR PRESENTATION Outlook CARE OCCUPANCY UPDATE Current occupancy is 96.4% vs 95.4% on 10 November 2025, with 1,923 occupied beds (vs 1,806 on 10 November 2025). OUTLOOK Underlying EBITDA is expected to be in excess of $30m (vs $27.4m in FY26). Radius Health expects second half operating
Slide 22: Long-term growth projection
22 1H27 INVESTOR PRESENTATION Long-term growth projection As shared at Investor Presentation on 12 August 2026 NUMBER OF CARE BEDS (PERIOD END) CARE, VILLAGE & HEALTH SERVICES REVENUE1 3,100 $M Care Village Health Services 2,963 400.0 $370m 2,900 350.0 300.0 250.0 2,700 $200m 200.0 150.0 2,500 100.0
Slide 23: Summary and Q&A
23 1H27 INVESTOR PRESENTATION Summary and Q&A
Slide 24: Appendices
24 1H27 INVESTOR PRESENTATION Appendices
Slide 25: Radius Health at a glance
25 1H27 INVESTOR PRESENTATION APPENDIX 1 Radius Health at a glance Sites NORTHLAND Beds ILUs Total AUCKLAND 3 155 - 155 Radius Care has a national aged care focused Sites Beds ILUs Total portfolio with strong regional presence, 2 147 - 147 BAY OF PLENTY owning 13 and leasing 12 of the 25 sites Sites
Slide 26: Key operational and financial metrics
26 1H27 INVESTOR PRESENTATION APPENDIX 2 Key operational and financial metrics OPERATING METRICS DMF TERMS FOR RETIREMENT VILLAGE UNITS 1H27 1H26 1H25 Number of Care Beds (period end)1 1,994 1,898 1,789 • 30% over three years. • Average resident tenure is 5.3 years. Average Care Bed Occupancy2 95.1%
Slide 27: Financials: Statement of Profit or Loss
27 1H27 INVESTOR PRESENTATION APPENDIX 3 Financials ($000) Revenue 1H27 1H26 Statement of Revenue from contracts with customers 107,613 99,042 Profit or Loss Deferred management fees 1,033 1,175 Total revenue 108,646 100,217 Change in fair value of investment property 1,165 1,634 Interest income 46
Slide 28: Financials: Statement of Financial Position
28 1H27 INVESTOR PRESENTATION ($000) 1H27 FY26 Assets APPENDIX 4 Cash and cash equivalents 2,299 2,823 Financials Trade and other receivables 14,336 12,988 Inventories 957 581 Statement of Interest rate swaps 198 - Right-of-use assets 123,959 125,570 Financial Position Investment properties 91,475 8
Slide 29: Financials: Statement of Cash Flows
29 1H27 INVESTOR PRESENTATION APPENDIX 5 Financials ($000) Cash flows from operating activities 1H27 1H26 Statement of Receipts from residents for care fees and village fees 106,593 99,764 Cash Flows Payments to suppliers and employees (92,225) (80,935) Proceeds from the sale of Refundable Occupatio
Slide 30: Reconciliation of GAAP Profit Before Tax to Underlying Earnings and AFFO
30 1H27 INVESTOR PRESENTATION APPENDIX 6 Financials ($000) Profit before income tax 1H27 10,010 1H26 8,537 Reconciliation of GAAP Remove: Non-controlling interests (390) (433) Profit Before Tax to Profit attributable to owners 9,620 8,104 Underlying Earnings and Remove: Change in fair value of inves
Slide 31: Directory of care homes
31 1H27 INVESTOR PRESENTATION APPENDIX 7 Directory of care homes OWNED LEASED CARE CARE CARE HOME LOCATION UNITS TOTAL CARE HOME LOCATION UNITS TOTAL BEDS BEDS Taupaki Gables Kumeu 60 - 60 Baycare Northland 45 - 45 St Joans Hamilton 86 - 86 Potter Home Whangarei 55 - 55 Windsor Court Ohaupo 76 22 98
Slide 32: Capital Management Framework
32 1H27 INVESTOR PRESENTATION APPENDIX 8 Capital Management Framework CAPITAL MANAGEMENT FRAMEWORK DIVIDEND POLICY UNDERLYING EBITDA1 MAINTAIN FINANCIAL RESILIENCE AND FLEXIBILITY Medium-term target: Net Bank Debt to Underlying EBITDA1 Ratio below 2.5x. — Bank interest and cash tax Owned property: 2
Slide 33: Radius Health at a glance
33 INTRODUCING RADIUS HEALTH RADIUSHEALTH.CO.NZ 1H27 INVESTOR PRESENTATION APPENDIX 9 Radius Health at a glance RADIUS CARE HOME SUPPORT RADIUS SHOP LUMA CIBUS CATERING A tailored care experience, A nationwide online A proprietary continence Food service, menu 25 care homes, within your own home, to
Slide 34: Important notice and disclaimer
34 1H27 INVESTOR PRESENTATION Important notice This presentation has been prepared by Radius Residential Care Limited (“Radius Care” and/or “Radius Health”, together referred to as “Radius Health”), for informational purposes. This disclaimer applies to this document and the verbal or written commen
Slide 35: Thank you
Thank you Radius Health Connected Care for Life Level 4, 56 Parnell Road, Auckland 1052 radiushealth.co.nz ©) Radius Health
Radius Residential Care — H1 2027 Earnings Presentation on 6ix