Healius Limited · ASX:HLS
Healius — Shareholder Meeting (November 2016)
16 slides from Healius's shareholder meeting presentation, Nov 25, 2016
Slide 1: 2016 Annual General Meeting
2016 Annual General Meeting 25 NOVEMBER 2016
Slide 2: Robert Ferguson, Chairman
ROBERT FERGUSON CHAIRMAN 2 2016 ANNUAL GENERAL MEETING
Slide 3: FY 2016 Highlights
FY 2016 HIGHLIGHTS Group Underlying Reported $ million FY16 FY15 FY16 FY15 Revenue 1,651.0 1,599.3 1,714.6 1,617.9 NPAT 104.0 111.5 74.7 127.5 Dividend cps 12.0 20.0 12.0 20.0 Reset strategic direction o Successful capital recycling program o Introduction of new GP recruitment packages o Launch new
Slide 4: Board, Executive & Remuneration
BOARD, EXECUTIVE & REMUNERATION Board • Completed Board Performance Assessment and developed Skills Matrix Executive team • Enhanced team and strengthened functional support Restructure of remuneration practices • Appropriate mix of fixed and at risk remuneration • Appropriate mix of short and long-
Slide 5: Outlook
OUTLOOK Well placed for growth • Chronic conditions rising, hospital costs increasing • Primary’s multi-disciplinary centres have a vital role to play Aims and aspirations • Cement position as a leading quality healthcare provider • Become a preferred place for healthcare professionals and staff to
Slide 6: Peter Gregg, Managing Director and CEO
PETER GREGG MANAGING DIRECTOR AND CEO 6 2016 ANNUAL GENERAL MEETING
Slide 7: 2016 Financial Highlights
2016 FINANCIAL HIGHLIGHTS Group Underlying Reported $ million FY16 FY15 FY16 FY15 Revenue 1,651.0 1,599.3 1,714.6 1,617.9 NPAT 104.0 111.5 74.7 127.5 • Underlying results in line in challenging market conditions • Balance sheet review reset foundations • Reported results reflect significant business
Slide 8: Transformation Journey
TRANSFORMATION JOURNEY Introduced capital-light Sale & lease back of Bridge Road HCP recruitment Sold Medical Imaging equipment Imaging opened models Director Sold Transport Health Reset Dividend Established Clinical Policy at 1H16 Councils Opened New capabilities Varsity Lakes Established Launched
Slide 9: Medical Centres – Bulk Billing
MEDICAL CENTRES – BULK BILLING Focus on recruitment and retention • New flexible, capital light contracts for GPs • Annual retention of GPs up 35% Learning and development • Primary Health Care Institute • Largest private host of Registrars My Medical Home • Full suite of services 365 days a year •
Slide 10: Medical Centres - Private Billing
MEDICAL CENTRES - PRIVATE BILLING Launch of Health & Co • New brand • Access to a different segment of the market • Leverage Primary’s scale and expertise in practice management, business services and property • Reduce back office administration, improve practice efficiency, enhance patient flow and
Slide 11: Pathology
PATHOLOGY Leading laboratory and pathology operation • Quality specialists with a range of services • Kossard dermatopathology laboratory opened in FY16 • Strong profit contributor • Investing in people and systems • Discussions advancing in SE Asia where seeking to partner with local operators Divi
Slide 12: Imaging
IMAGING Reset cost base for the future • Improved second half performance • Supported by labour and site rationalisation Focused on portfolio realignment • Hospitals – National Capital / Knox private / NBH • Fit-for-purpose, high-end imaging centres – Bridge Road / Varsity Lakes / River City • Selec
Slide 13: Innovation
INNOVATION Major IT investment • Expanding and replacing key software systems • Next generation cloud-based clinical and practice management software solutions Integrated approach to patient information • Support the portability of patient records • Help patients proactively manage health outcomes 1
Slide 14: Government Reviews
GOVERNMENT REVIEWS Policy clarity required • MBS freeze for GPs • MBS Review • Bulk billing incentive cuts in Pathology and Imaging • Regulation of ACC rents • Imaging ‘Quality Framework’ Healthcare Home trials • Seeking to participate via tender process Private sector • Adapt to funding environment
Slide 15: Building A Sustainable Future
BUILDING A SUSTAINABLE FUTURE Underlying drivers • Strong underlying demand with: - Growing population - Ageing population - Frontline, preventative care is the most effective form of healthcare • Our large-scale multi-disciplinary medical centres are efficient providers of care Our aspirations • Su
Slide 16: Disclaimer
DISCLAIMER This presentation has been prepared by Primary Health Care Limited (ACN 064 530 516) (‘PRY’). Material in this presentation provides general background information about PRY which is current as at the date this presentation is made. Information in this presentation remains subject to chan