Eureka Group Holdings Limited · ASX:EGH
Eureka — Shareholder Meeting (November 2018)
14 slides from Eureka's shareholder meeting presentation, Nov 21, 2018
Slide 1: 2018 Annual General Meeting – Chairman's Address
Eureka Group Holdings Ltd ABN 15 097 241 159 Suite 2C/D, Level 2 7 Short Street QLD 4215 PO Box 10819, Southport BC QLD 4215 Phone: 07 5568 0205 Fax: 07 5302 6605 Email: admin@eurekavillages.com.au ASX Announcement 21 November 2018 2018 Annual General Meeting – Chairman’s Address Eureka Group Holdin
Slide 2: Chairman's Address
Chairman’s Address 2018 Annual General Meeting of Eureka Group Holdings Limited (ACN 097 241 159) 21 November 2018 Ladies and Gentlemen Welcome to the Eureka Group Holdings Limited (“Eureka “) Annual General Meeting (AGM) for the year ended 30 June 2018. It is fair to say it has been a difficult one
Slide 3: Chairman's Address (continued)
Having achieved significant progress with the non-core assets during and since the end of the year, Nirmal Hansra has advised he will step down from the Board at the end of this meeting to take on the Chairmanship of a Sydney based social housing group. Nirmal joined the Eureka Board in April 2012.
Slide 4: Eureka Group Holdings Limited
Eureka Group Holdings Limited Annual General Meeting 21 November 2018
Slide 5: Disclaimer
Disclaimer No responsibility for contents of Presentation To the maximum extent permitted by law, Eureka Group Holdings Limited (ABN 15 097 241 159) its officers, advisers and representatives: • make no representation, warranty or undertaking, and accept no responsibility or liability, express or im
Slide 6: Chairman's Address
Chairman’s Address Murray Boyte – Executive Chairman 3
Slide 7: 2018 Highlights
2018 Highlights • EBITDA from core operations (excluding fair value adjustments and write downs) of $6.94 million a 17% improvement from prior year. • Continued improvement of occupancy levels lifting 10% from 18 months ago to 93% at the year end. • Continued growth of portfolios with 8 additional v
Slide 8: Key Financials
Key Financials The table below summarises the results for the year ended 30 June 2018 ($'000) 30-Jun-18 30-Jun-17 • Improved revenue from core operations. Revenue - rental 15,674 14,826 - catering 6,036 5,980 • Revaluation loss impacted by - other 864 3,247 Other income 810 1,374 write down of SRF v
Slide 9: Key Financials (cont.)
Key Financials (cont.) The table below summarises the balance sheet at 30 June 2018 ($'000) 30-Jun-18 30-Jun-17 • Capital recycling will strengthen balance sheet to enable a continued growth Assets Cash and cash equivalents 1,986 4,395 strategy. Trade and other receivables 2,402 2,632 Inventories 11
Slide 10: Eureka Business Overview
Eureka Business Overview STRATEGY Primary focus to provide low cost rental accommodation and limited associated care with a focus on independent retirees who are completely or primarily supported by the Australian Government pension and location allowances. Target market represents a significant por
Slide 11: Eureka Business Overview
Eureka Business Overview BOARD AND EXECUTIVE Refreshed Board including new Chair and new Chair of the Audit and Risk committee. New Chief Executive Officer to be announced in December 2018. FINANCIAL Total assets of $133 million. Balance sheet gearing of 40% (net debt/total assets). Recycling of cap
Slide 12: Blue Care Partnership
Blue Care Partnership • Alliance between Eureka and Blue Care continues to expand. Visitation rates have increased by 50% over the last 18 months and referral process is now in place. • Increased services provided by Blue Care facilitates longer independent living and retention of Eureka residents.
Slide 13: FY19 Outlook
FY19 Outlook • Forecast for the FY19 year is for an EBITDA1 from core operations in the range of $7.8m to $8.3m. • Full year forecast circa 16% increase on FY18 $6.9m. Expect similar increase for first half. • This outlook excludes asset revaluations, any profit contribution from apartments sales at
Slide 14: Summary
Summary Significant progress in resolving non core assets with more being achieved in FY19 especially in relation to Couran Cove and Terranora. Portfolio of core business expanded through acquisition of 8 villages. Plan to continue expansion. Focus on operational improvement at village level and upg
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