Radius Residential Care Ltd · NZX:RAD
Radius Residential Care — Radius Care — Shareholder Meeting (August 2024)
21 slides from Radius Residential Care's shareholder meeting presentation, Aug 6, 2024
Slide 1: Annual Shareholders' Meeting
Annual Shareholders’ Meeting 6 August 2024
Slide 2: Board of Directors
Brien Cree – Executive Chair and Founder Board of Directors Brien Cree Duncan Cook Mary Gardiner Executive Chair Executive Director Independent Director Founder Bret Jackson Hamish Stevens Tom Wilson Independent Director Independent Director Independent Director FY24 ASM 2
Slide 3: Senior Management Team
Brien Cree – Executive Chair and Founder Senior Management Team LEFT TO RIGHT Jeremy Edmonds Chief Financial Officer Richard Callander Chief Operations Officer Andrew Peskett Chief Executive Officer Shereen Singh General Manager, RConnect Sam Carey General Manager, Sales, Marketing & Retail Trish Ev
Slide 4: At a Glance
Brien Cree – Executive Chair and Founder At a Glance Our Purpose Our Operations Our Focus To be New Zealand’s leading provider of 23 aged care facilities across New Zealand, Our offering is focused on the high acuity and healthcare services, enabling our residents comprising 1,789 care beds. special
Slide 5: 2024 ASM Agenda
Brien Cree – Executive Chair and Founder 2024 ASM Agenda No.1 . No 4 Strategy Overview Resolutions & Voting Brien Cree, Executive Chair and Founder . No 2 . No 5 Business Update General Business Andrew Peskett, Chief Executive Officer . No 3 Q&A Opportunity FY24 ASM 5
Slide 6: Strategy and growth plan overview
Strategy and growth plan overview
Slide 7: Strategy Update
Brien Cree– Executive Chair and Founder Strategy Update Strategic Pillar 1 Grow Scale Diversify Grow Revenue Scale The Radius Way Targeted M&A Grow RConnect Develop the Radius Way as a template for aged care Brownfield development Expand Radius Shop’s range services of products and services Greenfie
Slide 8: The Radius Way
Brien Cree – Executive Chair and Founder The Radius Way DHB assessed care and increasing acuity Low acuity High acuity and specialist care Future growth to adjacent offerings Dementia and • Further expand RConnect to other other service providers. Home Based Retirement Rest home Hospital care specia
Slide 9: FY24 Update
Brien Cree – Executive Chair and Founder FY24 Update An outstanding year for Radius Care $24.7k EBITDAR Per Occupied Bed 26.5% Net debt has decreased from $100.1m to $73.5m 0.70cps Dividend declared in May 2024 Board targeting a return to previous cycle of interim dividend paid in December and final
Slide 10: Appointments
Brien Cree – Executive Chair and Founder Appointments Executive Team appointments Board appointment Jeremy Edmonds Shereen Singh Tom Wilson Chief Financial Officer General Manager, RConnect Independent Director FY24 ASM 10
Slide 11: Business Update
Business Update Andrew Peskett, CEO FY24 ASM 11 Radius Althorp, Tauranga
Slide 12: Why Are We Different?
Why Are We Different? • Culture • Portfolio • Intellectual property • Brand/reputation • What we are not FY24 ASM 12
Slide 13: Our People
Andrew Peskett – Chief Executive Officer Our People 100% Full Nursing Staffing 74 Record Net Promoter Score For Our Care Home Managers Employees are more engaged 60% Regional & Care Home 29% Company-Wide Staff Managers Have Been Turnover Internally Promoted Registered Nurse Turnover below industry r
Slide 14: Our People
Andrew Peskett – Chief Executive Officer Our People 90% 12 90% of new hires are The last 12 care home audits have pleased with their jobs. achieved or been assessed as the maximum four-year certification. 100 $1,000 Have trained over 100 Employee long-service loyalty registered nurses through a shar
Slide 15: Outstanding FY24 Performance
Andrew Peskett – Chief Executive Officer Outstanding FY24 Performance Market-Leading Care Profitability Underlying EBITDA1 Net Debt $20.9M $73.5M +47% from $14.2M -26.5% from $100.1M Underlying EBITDAR2 Per Care Bed Bed Mix $24.7K Improved mix of higher revenue hospital and specialist care residents
Slide 16: Strategy Update
Andrew Peskett – Chief Executive Officer Strategy Update Expand aged care Further growth by Providing leasehold care nursing bureau expanding range of services Private home care and products and services ACC FY24 ASM 16
Slide 17: 1Q FY25 Update
1Q FY25 Update Funding Increase 1QFY25 Growth Strategy Resales +3.2% from 1 July 2024. Trading has been strong in 1QFY25 • Senior Trust leasehold All vacant stock is now with all key metrics ahead of FY24. interests. contracted and expected Interest Costs • Additional leasehold and to settle in 2024
Slide 18: Q&A
Q&A FY24 ASM 18 Radius Althorp, Tauranga
Slide 19: Resolutions
Brien Cree – Executive Chair and Founder Resolutions No.1 No.2 No.3 Auditor’s Re-Election of Re-Election of Remuneration Brien Cree Duncan Cook That the Directors are authorised That Brien Cree, who, in That Duncan Cook, who, in to fix the remuneration of Baker accordance with the NZX Listing accord
Slide 20: General Business
General Business FY24 ASM 20 Radius Althorp, Tauranga
Slide 21: Thank You
Thank You FY24 ASM 21 Radius Millstream, Ashburton