Promisia Healthcare Limited · NZX:PHL
Promisia Healthcare — Shareholder Meeting (2022)
21 slides from Promisia Healthcare's shareholder meeting presentation, 2022
Slide 1: Promisia Healthcare Limited 2022 Annual Shareholders' Meeting
Promisia Healthcare Limited 2022 Annual Shareholders’ Meeting 1
Slide 2: Agenda
AGENDA • Chair’s Presentation • CEO Presentation • Shareholder Discussion • Resolutions • Other Business • Close of the Meeting 2
Slide 3: Board Management
BOARD MANAGEMENT STEPHEN UNDERWOOD STUART BILBROUGH Independent Chair Chief Executive Officer THOMAS BRANKIN VIRGINIA DYALL-KALIDAS Executive Director General Manager Group Facilities HELEN DOWN ANGIE MEHLHOPT Independent Director Financial Accountant ANDREW MITCHELL Executive Director 3
Slide 4: Chair's Presentation
CHAIR’S PRESENTATION Stephen Underwood 4
Slide 5: Our Portfolio
OUR PORTFOLIO Ranfurly Manor Fielding Eileen Mary Dannevirke Promisia Healthcare has a portfolio of Beds 162 Beds 58 four aged care facilities, specialising in Villas 10 Villas 6 high needs and specialised aged care. Staff 168 Staff 58 Site Owned Our group comprises more than 350 Site Owned availabl
Slide 6: Aldwins House, Eileen Mary, Nelson St, Ranfurly Manor
Aldwins House, Christchurch Eileen Mary, Dannevirke Nelson St, Fielding Ranfurly Manor, Fielding 6
Slide 7: FY22 Highlights and Key Events
FY22 HIGHLIGHTS AND KEY POSITIVE PROGRESS AGAINST EVENTS FY22 STRATEGIC OBJECTIVES • First full year operating in the aged care Increased occupancy at Aldwins House sector • Continued to deliver high quality care Commenced the Ranfurly Village within the challenges of the Covid-19 development en
Slide 8: FY22 Summary of Financial Performance
FY22 SUMMARY OF FINANCIAL PERFORMANCE Financial Year FY22 FY20/21* • Profitable business with strengthening NZ $000’s 5 months cashflows and balance sheet Operating Revenue 18,996 6,060 • Total income of $19.9m includes gain on lease Gain on lease termination 943 - termination of $0.94m Fair value m
Slide 9: Outlook
OUTLOOK FY23: Expect continued growth in earnings as strategic initiatives are progressed OUR STRENGTHS • New leadership with many years’ industry involvement • A diversified growth strategy • Stable revenue streams with significant growth opportunity • High calibre employees • Local facilities in s
Slide 10: CEO's Presentation
CEO’S PRESENTATION Stuart Bilbrough 10
Slide 11: Attractive Sector Opportunity
ATTRACTIVE SECTOR OPPORTUNITY Strong demand underpinned The number of people in New Zealand aged over 75 will double from by favourable population 350,000 to 600,000* over the next decade. The aged care facilities and demographics retirement villages currently available in New Zealand cannot accommo
Slide 12: FY23 Strategic Objectives
FY23 STRATEGIC OBJECTIVES 1. Continue to grow occupancy. 1. A big focus for 2023 is to continue to increase the occupancy and operational 2. Broaden revenue mix through growing efficiencies at Aldwins House. This the occupational rights agreement side facility is now breaking even financially and ex
Slide 13: Increasing Occupancy at Aldwins House, Christchurch
INCREASING OCCUPANCY AT ALDWINS HOUSE, CHRISTCHURCH • Progressive opening of facility to meet demand • Increased occupancy from 22 beds to 90 beds out of 100 beds currently available • Further 45 beds to become available in FY23 • Full Occupancy capacity is 145 beds • Acquisition of Aldwins House la
Slide 14: Brownfield Development: Ranfurly Village
BROWNFIELD DEVELOPMENT: RANFURLY VILLAGE • Ranfurly Manor is the largest aged care provider in Fielding • Brownfield development opportunity on 1 hectare of adjoining bare land • Total planned development is for 32 villas and 10 apartments • Promisia will acquire title to the development on completi
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Slide 16: Broaden Revenue Mix
BROADEN REVENUE MIX • Increase the number of retirement villas to grow revenue from sale of retirement village ORAs. • Broaden the range of services offered at each facility and increase the number of beds requiring higher levels of care and revenue (hospital and dementia) where there is local deman
Slide 17: Strengthening Our Business
STRENGTHENING OUR BUSINESS • Investment in business infrastructure to integrate our four villages and create a strong foundation for growth • Standardising systems across the group • New payroll and rostering system • Ongoing investment in technology and people. 17
Slide 18: Shareholder Discussion
SHAREHOLDER DISCUSSION 18
Slide 19: Resolutions
RESOLUTIONS 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. Resolution 2: That Andrew Mitchell, who was appointed as a Director by the Board during the year, be ele
Slide 20: Other Business / Close of the Meeting
OTHER BUSINESS CLOSE OF THE MEETING 20
Slide 21: 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