Paragon Care Limited · ASX:PGC
Paragon Care — Shareholder Meeting (October 2013)
11 slides from Paragon Care's shareholder meeting presentation, Oct 21, 2013
Slide 1: Annual General Meeting
Annual General Meeting Monday 21st October, 2013
Slide 2: Paragon Care: premium provider of equipment to healthcare sector
Over the last five years, Paragon Care has emerged as a distinguished premium provider of equipment to the hospital, aged care and general medical services sector. 2
Slide 3: Sectors served
• Acute Care • Aged Care • Community Care • Primary Care • Materials Handling • Specialised Manufacturing 3
Slide 4: 3 year Financial Snapshot
3 year Financial Snapshot $m 2011 2012 2013 Revenue 14.6 15.7 17.1 Gross Profit 5.2 6.9 7.6 Margin 36% 44% 45% EBITDA 1.0 0.5 1.5 NPAT 0.4 (0.3) 0.7 Debt 7.7 6.6 4.3 “Excludes aged care services businesses that were sold to Equity Trustees in August 2011” 4
Slide 5: FY'13 – Financials
FY’13 – Financials ⋄ 8% organic revenue growth to $17.1m ⋄ Doubled EBITDA to $1.5m ⋄ Maiden dividend declared (1c fully franked - payable October 2013) ⋄ Significantly reduced debt levels ($6.6m to $4.3m) 5
Slide 6: FY'13 - Operations
FY’13 - Operations ⋄ Significant tender wins continued ⋄ Outsourcing of generic products continued to grow ⋄ Increased the scope of the PGC distribution network (especially Qld) ⋄ Flat management structure maintained 6
Slide 7: FY'14
FY’14 ⋄ Two new acquisitions identified and due diligence well under way ⋄ Maintain gross margins in excess of 40% ⋄ Maximise the greenfield/brownfield developments as well as the opportunities available due to aged care reform ⋄ Aggressive expansion into New South Wales ⋄ PGC to have annualised rev
Slide 8: Longer term objectives
Longer term objectives ⋄ Increased intellectual property ownership ⋄ Two acquisitions per annum ⋄ 5% - 10% year-on-year organic growth ⋄ Diversification of revenue streams 8
Slide 9: FY'14 Guidance and Performance to date
FY’ 14 Guidance and Performance to date $m FY’14F FY’13A Revenue 18.0 - 19.0 17.1 EBITDA 1.7 - 2.0 1.5 Paragon Care is well on track to achieve its guidance for FY’ 14. Despite a sluggish start to the first quarter, post election the flow of orders has vastly improved and the company has been succes
Slide 10: Corporate
Corporate Capital Structure Board of Directors Shares on issue Chairman Shane Tanner 43.3m Managing Director Mark Simari Market cap. $18.2m Executive Director Brett Cheong Total debt $4.3m Non-Executive Director Mike Newton Enterprise value $20.4m Company Secretary Darryl Levin Key shareholder stati
Slide 11: Questions
Questions paragoncare.com.au 11