Regis Healthcare Ltd. · ASX:REG
Regis Healthcare — Investor Presentation (February 2026)
35 slides from Regis Healthcare's investor presentation, Feb 23, 2026
Slide 1: H1 FY26 Results Presentation
H1 FY26 Results Presentation 23 February 2026
Slide 2: Artwork by Charmaine Mumbulla
Artwork by Charmaine Mumbulla
Slide 3: An Industry Leader of High-Quality Aged Care
An Industry Leader of High-Quality Aged Care 30+ years of care and support 1 3 ~8,400 available beds (31 December 2025)1 74 aged care homes1 (100% freehold ownership) and 9 development sites 2 3 3 31 94% single rooms as a percentage of total rooms 8 2 6 2 5 1 ~10,000 residents and clients; ~13,000 e
Slide 4: Contents
Contents Aged Care Industry 4 Financial and Operational Performance 8 Strategy and Outlook 18 Questions 26 Appendices 27
Slide 5: Aged Care Industry
Aged Care Industry
Slide 6: Significant Market Opportunity
Significant Market Opportunity $40b+ aged care market1 9% per annum growth in Government funding Essential Demographic Fragmented forecast to FY322 service tailwinds market 200,000+ new beds required by 20433 3,000+ hospital patients currently waiting for aged care beds Government Regulated
Slide 7: New Aged Care Act (effective November 2025)
New Aged Care Act (effective 1 November 2025) Funding Sector forecast RAD Pricing1 ► Care Government continues to fund clinical care costs for residents $765,000 Independent pricing body (IHACPA) to advise Government on pricing $730,000 $700,000 Residents with means co-contribute towards non-c
Slide 8: Sector Funding
Sector Funding Care Everyday Living Accommodation ► AN-ACC + Supplements ► Basic daily fee ► Accommodation supplement ► Non-clinical care contribution ► Hotelling supplement ► RADs and RAD retention (previously means tested care fee) ► Higher everyday living fee (previously ► DAP payments ► Other di
Slide 9: Financial and Operational Performance
Financial and Operational Performance
Slide 10: H1 FY26 Overview
H1 FY26 Overview Results Overview ► Revenue from services of $667.7 million, up 18.4% on pcp Revenue from Services Average Occupancy ► Underlying EBITDA1 of $70.6 million, up 3.7% on pcp ► Underlying NPAT1 of $29.7 million, up 0.1% on pcp $667.7m 96.0% • Statutory NPAT of $13.4 million, impacted by
Slide 11: Financial Summary
Financial Summary ► Revenue from services benefitted from: $ millions H1 FY26 H1 FY25 Change Increased average occupancy to 96.0% in H1 FY26 (mature homes) Revenue from services 667.7 564.2 18.4% AN-ACC and hotelling supplement increases Other income1 77.0 58.6 31.2% Contribution from recent a
Slide 12: Drivers of Shareholder Value
Drivers of Shareholder Value Average Quarterly Occupancy - Mature homes (%) 96.2% Operational Statistics H1 FY26 H1 FY25 Change % Average available beds (#)1 8,008 7,493 6.9% 95.8% 95.7% Total occupied bed days 1,410,002 1,314,366 7.3% 95.5% Average occupancy (%) 95.7% 95.3% 0.4 pts Total Average av
Slide 13: One-Off Items
One-Off Items The following one-off items are excluded from underlying EBITDA: Acquisition and integration costs $ millions (before tax) H1 FY26 H1 FY25 ► Includes $10.1 million stamp and landholder duties (non-tax deductible) and other integration related costs Acquisition and integration costs (12
Slide 14: Resident Profile and RAD Pricing
Resident Profile and RAD Pricing Regis Average Advertised Room Price ($) 31 December 30 June 31 December Number of Residents1 2025 2025 2024 700,000 RAD (100%) 2,838 2,436 2,444 22% increase Combination (RAD/DAP) 1,264 1,140 1,118 650,000 DAP 407 352 341 Other 79 84 88 Total Non-Supported 4,588 4,01
Slide 15: Cash and Capital Management
Cash and Capital Management Net Debt / (Cash) Movements ($m) $ millions Purpose Limit Maturity 178.5 1.4 Facility A Working capital/M&A 112.1 March 2028 (17.7) (4.2) (102.1) Facility B Working capital/M&A 175.0 March 2029 Facility C Working capital/M&A 70.0 March 2028 (182.7) Facility D Bank guarant
Slide 16: Capital Expenditure
Capital Expenditure Greenfield Developments $ millions H1 FY26 H1 FY25 ► $53.9m relating to land settlements: Coburg (VIC), Essendon (VIC), Seaford (VIC), Property Newport (VIC) and Parkside (SA) ► $19.8m construction costs primarily at Toowong (QLD) and Carlingford (NSW) Greenfield Developments / L
Slide 17: Quality Acquisitions
Quality Acquisitions Rockpool OC Health ► Completed 1 September 2025 ► Completed 1 December 2025 ► 4 premium homes in South-East Queensland ► 2 homes in Drysdale and Torquay, Victoria ► 600 beds, 100% single ensuite rooms ► 230 beds, 100% single ensuite rooms ► New homes - all opened in the last 6 y
Slide 18: Quality Acquisitions driving Sustainable Growth
Quality Acquisitions driving Sustainable Growth Acquisition bed growth 9,000 ► 1,700+ beds added over past 2.5 years via 4 acquisitions OC Health acquisition (2 homes & 230 beds) ► Acquisitions predominantly in metro and high-growth 8,500 corridors improving portfolio mix, average RAD profile and lo
Slide 19: Strategy and Outlook
Strategy and Outlook
Slide 20: Strategic Priorities
Strategic Priorities Our Vision: To lead aged care with heart and minds Our Purpose: Personalised and respectful care that embraces the experience of aging Care and Service Excellence A Responsible Business Future Ready ► Trusted and caring professionals ► Engaged employees who live our values ► Fas
Slide 21: H1 FY26 - Strategic Achievements
H1 FY26 - Strategic Achievements Establishing best-practice palliative care model that supports consistent, high-quality end-of-life experiences Care and Service Strengthened Quality Standards embedded into business following transition to new Aged Care Act Excellence Rollout of new digital ca
Slide 22: Greenfield Development Pipeline
Greenfield Development Pipeline Development Development State Beds Status Approval Toowong QLD 123 Construction commenced - H1 FY25 Carlingford NSW 101 Construction commenced - H2 FY25 Belrose NSW 99 Construction estimated to commence CY26 Bulimba QLD ~149 Construction estimated to commence
Slide 23: Greenfield Developments under Construction
Greenfield Developments under Construction Toowong, QLD in development Carlingford, NSW in development ► 123 beds ► 101 beds ► 5-level residence ► 3-level residence ► Land area ~5,248 sqm ► Land area ~7,065 sqm ► Various room types: standard and large ► Various room types: standard and large single
Slide 24: Targeting 10,000 Quality Beds
Targeting 10,000 Quality Beds Regis Available Beds ► Core business generates substantial free cash flow to fund greenfield development pipeline and strategic acquisitions ► Strategic acquisitions and greenfield sites to enhance scale, leverage technology investment and improve overall quality of 1,3
Slide 25: Sustainability
Sustainability H1 FY26 Key Highlights Sustainability Recognition ASRS Readiness • Completed readiness pre-assessment of new Climate Reporting Standards Recognised as a reporting entity • First climate report under new standards to be published under the National Greenhouse in FY26 Annual Report and
Slide 26: Outlook
Outlook Regis expects FY26 underlying EBITDA to be in the range of $130m - $135m1 Funding Environment M&A and Developments ► RAD retention of 2% for new residents from 1 November 2025 ► Actively pursuing acquisition of high-quality aged care beds ► Government review of accommodation supplement by ►
Slide 27: Questions
Questions
Slide 28: Appendices
Appendices
Slide 29: Appendix A: Income Statement
Appendix A: Income Statement $ millions H1 FY26 H1 FY25 Revenue from Services Government revenue 493.7 419.5 Resident revenue 169.0 141.6 Other revenue 5.0 3.1 Revenue from Services 667.7 564.2 Other income1 77.0 58.6 Total Revenue from Services and Other Income 744.7 622.8 Expenses Staff expenses (
Slide 30: Appendix B: Consolidated Statement of Financial Position
Appendix B: Consolidated Statement of Financial Position $ millions 31 December 2025 30 June 2025 Cash and cash equivalents 198.0 192.5 Trade and other receivables 23.7 33.1 Other current assets 14.2 15.0 Assets held for sale 10.9 - Total Current Assets 246.8 240.6 Property, plant and equipment 1,54
Slide 31: Appendix C: Consolidated Statement of Cash Flows
Appendix C: Consolidated Statement of Cash Flows $ millions H1 FY26 H1 FY25 Cash Flows from Operating Activities Receipts from residents and Government subsidies 656.2 554.9 Government grants received 0.8 3.7 Payments to suppliers and employees (607.2) (504.0) Government funding (January) received i
Slide 32: Appendix D: Underlying EBITDA - Non-IFRS Reconciliation
Appendix D: Underlying EBITDA - Non-IFRS Reconciliation $ millions H1 FY26 H1 FY25 Profit/(Loss) Before Income Tax 23.9 37.2 Depreciation1 26.6 24.2 Net finance costs2 74.5 52.8 Reported EBITDA (AASB 16) 125.0 114.2 Add/(deduct) one-off items: Acquisition and integration costs3 12.8 3.9 Increase in
Slide 33: Appendix E: Underlying NPAT - Non-IFRS Reconciliation
Appendix E: Underlying NPAT - Non-IFRS Reconciliation $ millions H1 FY26 H1 FY25 Net Profit/(Loss) After Income Tax (Statutory NPAT) 13.4 24.4 Add/(deduct) one-off items - after tax: Acquisition and integration costs1,2 12.0 3.7 Increase in employee entitlements due to FWC’s Work Value Case, net of
Slide 34: Appendix F: Definitions of Non-IFRS Financial Measures
Appendix F: Definitions of Non-IFRS Financial Measures AN-ACC means Australian National Aged Care Classification refers to Annual Wage Review where Fair Work Commission reviews the National Minimum Wage and minimum rates of pay in modern awards to decide if they should be increased. AWR Any changes
Slide 35: Important Information and Disclaimer
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 controlled entities (Regis Healthcare or the Group). It should performa
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