Regis Healthcare Ltd. · ASX:REG
Regis Healthcare — Investor Presentation (August 2024)
32 slides from Regis Healthcare's investor presentation, Aug 26, 2024
Slide 1: FY24 Full-Year Results Presentation
OUR PURPOSE Personalised and respectful care that embraces the experience of ageing FY24 Full-Year Results Presentation 26 August 2024 Regis Legana, Tasmania
Slide 2: Artwork by Charmaine Mumbulla
Artwork by Charmaine Mumbulla - 1 -
Slide 3: Regis is a Leading Residential Aged Care Provider
Regis Healthcare Limited | FY24 Full-Year Results Presentation Regis is a Leading Residential Aged Care Provider One of the largest and most geographically diverse aged care portfolios 30+ years in the aged care industry 3 1 ~7,500 available operational places 1 3 3 28 67 aged care homes (100% freeh
Slide 4: Contents
Contents ● Aged Care Industry Overview ● Financial and Operational Performance ● Strategy Update and Outlook ● Questions ● Appendices - 3 - Regis Aspley, Queensland
Slide 5: Aged Care Industry Overview
Regis Norwood, Tasmania Aged Care Industry Overview
Slide 6: Residential Aged Care - Market Dynamics
Regis Healthcare Limited | FY24 Full-Year Results Presentation Residential Aged Care - Market Dynamics Increasing Government funding Government funding ($b)1,2 41 ► Ageing population to drive growth in demand for aged care ► Government funding for residential aged care forecast to increase 11% per a
Slide 7: Industry Reform and Sector Changes
Regis Healthcare Limited | FY24 Full-Year Results Presentation Industry Reform and Sector Changes New Aged Care Act & Quality Standards Annual Wage Review - • Subject to parliamentary processes, new Act Care Minutes FY25 IHACPA Recommendations will commence from 1 July 2025 • Government mandated car
Slide 8: Potential Funding Reforms - Key Aged Care Taskforce Recommendations
Regis Healthcare Limited | FY24 Full-Year Results Presentation Potential Funding Reforms - Key Aged Care Taskforce Recommendations Recommendation 9: Government to fund care ► Focus Government funding in residential aged care on care related costs Direct Care ► Significant role for resident co-contri
Slide 9: Financial and Operational Performance
Regis Legana, Tasmania Financial and Operational Performance
Slide 10: FY24 Overview
Regis Healthcare Limited | FY24 Full-Year Results Presentation FY24 Overview ► Revenue from services of $1,014.1 million, up 29.9% on pcp Revenue from Services Average Occupancy ► Underlying EBITDA1 of $107.2 million, up 28.7% on pcp ► Underlying EBITA1 of $61.5 million, up 55.3% on pcp $1,014millio
Slide 11: Financial Summary
Regis Healthcare Limited | FY24 Full-Year Results Presentation Financial Summary ► Revenue from services benefitted from: FY23 • 12% increase in AN-ACC starting price from 1 July 2023 and further 4% increase from $ millions FY24 FY23 to FY24 1 December 2023 • Average occupancy uplift from 91.5% to
Slide 12: Drivers of Shareholder Value
Regis Healthcare Limited | FY24 Full-Year Results Presentation Drivers of Shareholder Value Aged care revenue per occupied bed day ($) 380.3 392.3 400.2 406.5 FY23 Operational Statistics FY24 FY23 to FY24 Average available beds (#)1 7,313 6,980 4.8% Total occupied bed days 2,516,666 2,332,063 7.9%
Slide 13: One-Off / Non-Recurring Items
Regis Healthcare Limited | FY24 Full-Year Results Presentation One-Off / Non-Recurring Items The following one-off / non-recurring items are excluded from underlying EBITDA: CPSM Acquisition $ millions (before tax) FY24 FY23 ► Includes $5.6 million landholder duty payable to the Queensland State Rev
Slide 14: Cash and Capital Management
Regis Healthcare Limited | FY24 Full-Year Results Presentation Cash and Capital Management FY24 Net Cash / (Debt) Movements ($m) 141.0 (75.2) $ millions Purpose Limit Maturity Facility A Working capital/M&A 150.0 March 2026 Facility B Working capital/M&A 175.0 March 2027 (66.9) Residential village F
Slide 15: Capital Expenditure
Regis Healthcare Limited | FY24 Full-Year Results Presentation Capital Expenditure $ millions FY24 FY23 Development ► Camberwell - construction of new 112-bed residential aged care home in Property Melbourne nearing completion with opening planned for late 2024 Development 33.9 30.0 ► Toowong - cons
Slide 16: Resident Profile
Regis Healthcare Limited | FY24 Full-Year Results Presentation Resident Profile Resident Mix (Permanent Residents) 30 June 31 December 30 June Number of Residents1,2 2024 2023 2023 RAD (100%) 2,190 2,212 1,890 Combination (RAD/DAP) 1,115 1,111 981 54% 54% 53% DAP 355 336 353 Total Non-Concessional 3
Slide 17: Strategy Update and Outlook
Regis Alawarra Lodge, Victoria Strategy Update and Outlook
Slide 18: Regis Strategy
Regis Healthcare Limited | FY24 Full-Year Results Presentation Regis Strategy Our Purpose: Delivering personalised and respectful care that embraces the experience of ageing Care and Service Excellence A Responsible Business Future Ready ► Trusted and caring professionals ► Engaged employees who liv
Slide 19: Operational Highlights
Regis Healthcare Limited | FY24 Full-Year Results Presentation Operational Highlights Quality of leadership, people, culture and systems drives shareholder value Clinical & Quality Our People ✓ Implemented Continuity of Carer model ✓ Introduction of early intervention program introduced to help inju
Slide 20: Environmental, Social & Governance (ESG)
Regis Healthcare Limited | FY24 Full-Year Results Presentation Environmental, Social & Governance (ESG) Regis’ sustainability program comprises five key pillars that support the United Nations Sustainable Development Goals Caring for the Caring for our Caring for our People Caring for Excellence Car
Slide 21: CPSM Acquisition Update
Regis Healthcare Limited | FY24 Full-Year Results Presentation CPSM Acquisition Update ► 5 residential aged care homes in South-East Queensland with 644 beds ► Transaction completed on 1 December 2023 ► $75.2 million net cash consideration • FY23 EBITDA multiple of 5.7x ► $117,000 net cost / bed ► $
Slide 22: Growth Program - Approved Greenfield Developments
Regis Healthcare Limited | FY24 Full-Year Results Presentation Growth Program - Approved Greenfield Developments Camberwell, VIC - in development Toowong, QLD - construction due to commence ► 112 beds ► 123 beds ► 4-level residence ► 5-level residence ► Land area ~4,300 sqm ► Land area ~5,248 sqm ►
Slide 23: Growth Program - Future Greenfield Developments
Regis Healthcare Limited | FY24 Full-Year Results Presentation Growth Program - Future Greenfield Developments Belrose, NSW Carlingford, NSW ► Northern beaches of Sydney with ocean views ► West Sydney designed with large outdoor landscaped areas and communal activity spaces ► 99 beds ► 101 beds ► 3-
Slide 24: Outlook
Regis Healthcare Limited | FY24 Full-Year Results Presentation Outlook Improved workforce Greenfields availability ► Increased permanent staffing levels ► Opening of Regis Camberwell reducing agency, staff turnover and training costs High occupancy ► Development of greenfield sites ► Drives better r
Slide 25: Questions
Regis Legana, Tasmania Questions
Slide 26: Appendices
Regis Blackburn, Victoria Appendices
Slide 27: Appendix A: Income Statement
Regis Healthcare Limited | FY24 Full-Year Results Presentation Appendix A: Income Statement $ millions FY24 FY23 Revenue from Services Government revenue 743.8 549.6 Resident revenue 262.1 221.9 Other revenue 8.2 9.1 Revenue from Services 1,014.1 780.6 Other income1 104.2 117.0 Total Revenue from Se
Slide 28: Appendix B: Consolidated Statement of Financial Position
Regis Healthcare Limited | FY24 Full-Year Results Presentation Appendix B: Consolidated Statement of Financial Position $ millions FY24 FY23 Cash and cash equivalents 64.9 61.3 Trade and other receivables 17.0 40.0 Other current assets 11.0 7.7 Assets held for sale 9.9 2.9 Total Current Assets 102.8
Slide 29: Appendix C: Cash Flow Statement
Regis Healthcare Limited | FY24 Full-Year Results Presentation Appendix C: Cash Flow Statement $ millions FY24 FY23 Cash Flows from Operating Activities Receipts from residents and Government subsidies 1,002.3 779.3 Government grants received 35.9 10.3 Payments to suppliers and employees (915.1) (71
Slide 30: Appendix D: Non-IFRS Reconciliation
Regis Healthcare Limited | FY24 Full-Year Results Presentation Appendix D: Non-IFRS Reconciliation $ millions FY24 FY23 Profit/(Loss) Before Tax (28.1) (40.4) Depreciation1 46.7 45.1 Amortisation2 81.4 81.4 Net finance costs3 87.5 72.9 Reported EBITDA (AASB 16) 187.5 159.0 Add/(deduct) one-off items
Slide 31: Appendix E: Definitions of Non-IFRS Financial Measures
Regis Healthcare Limited | FY24 Full-Year Results Presentation Appendix E: Definitions of Non-IFRS Financial Measures ACFI means Aged Care Funding Instrument AN-ACC means Australian National Aged Care Classification refers to Annual Wage Review where every year, the Fair Work Commission reviews the
Slide 32: Important Information and Disclaimer
Regis Healthcare Limited | FY24 Full-Year Results Presentation Important Information and Disclaimer This Presentation contains summary information about the current activities of Regis Neither Regis Healthcare nor any other person warrants or guarantees the future Healthcare Limited and its controll
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