Green Cross Health Ltd · NZX:GXH
Green Cross Health — FY2021 Earnings Presentation
20 slides from Green Cross Health's earnings presentation, May 28, 2021
Slide 1: Annual Results for the year 31 March 2021
GREEN an CROSS HEALTH Annual Results for the year 31 March 2021 <> thedoctors @access + GRoss HEALTH
Slide 2: GXH Full Year Result - Financial Overview
GXH Full Year Result - Financial Overview Revenue Pharmacy Operating Profit $570.4m $24.1m Operating Profit / EBIT Medical Operating Profit $35.1m $9.3m Net Profit After Tax Community Health $16.8m Operating Profit (attributable to shareholders) $3.7m GXH Annual Results Presentation 28 May 2021 Pg 2
Slide 3: Our Purpose
Our Purpose Working together to support healthier communities. We are passionately committed to the health and wellness of New Zealand, and to providing the best support, care and advice to our communities. This is our promise. GXH Annual Results Presentation 28 May 2021 Pg 3
Slide 4: Who We Are
Who We Are GXH Annual Results Presentation 28 May 2021 Pg 4
Slide 5: Pharmacy Division
Pharmacy Division New Zealand’s largest network of health retailers: supporting easy access to quality health care
Slide 6: Pharmacy Performance
Pharmacy Performance Pharmacy Operating Revenue ($m) Comments: 341.3 340.2 336.4 • Revenue down 6% to $316.8m in the year 316.8 primarily due to the impact of COVID-19 with the reduced ability of customers to shop in-store during the various COVID-19 alert levels • Operating Profit down 4% to $24.1m
Slide 7: Pharmacy Future Focus
Pharmacy Future Focus Customer Retail Network Financial Focus Disciplines Scale Returns • Strengthen digital • Evolve retail • Optimise equity • Adapt to capability around offering to store network changing market 1.8m Living changing consumer • Leverage national conditions Rewards database behaviou
Slide 8: Medical Division
Medical Division Growth, leadership and sustainable models of care
Slide 9: Medical Performance
Medical Performance Medical Operating Revenue ($m) Comments: 82.2 70.5 76.5 • Revenue up 7% to $82.2m, with organic patient growth and acquisitions 52.7 • Operating Profit up 41% to $9.3m, reflecting growth in patients and improved operational efficiency • 285,000 enrolled patients as at 31 March 20
Slide 10: Medical Future Focus
Medical Future Focus Patient Sector Network Financial Engagement Representation Scale Returns • Improve utilisation • Contribute to • Continue to build • Continuous via systematic design of NZ health The Doctors brand improvement in triaging of patients system reforms • Network and patient operation
Slide 11: Community Health Division
Community Health Division Delivering sustainable services to maintain and support clients’ independence within their own home
Slide 12: Community Health Performance
Community Health Performance Community Health Operating Revenue ($m) Comments: 171.4 • Revenue up 10% to $171.4m • Operating Profit increased $2.5m to $3.7m 156.5 155.6 • Improved performance reflects strategy of 143.2 supporting clients with higher clinical needs, ongoing service improvement and im
Slide 13: Community Health Future Focus
Community Health Future Focus Service Technology Sector Financial Offering Representation Returns • Focus on higher • Harness digital • Contribute to • Continue cost clinical needs technology to design of NZ health reduction segments enhance system reforms initiatives • Expand geographic workforce •
Slide 14: Group Financial Result
Group Financial Result 12 months ending 31 March 2021 GXH Annual Results Presentation 25 June 2020 Pg 14
Slide 15: Year End Result - Group Revenue and Profit
Year End Result - Group Revenue and Profit GXH Operating Revenue ($m) Comments: • Revenue of $570.4m, flat year on year 567.2 568.5 570.4 • Operating Profit of $35.1m, up 13% 537.2 2018 2019 2020 2021 ** GXH Operating Profit ($m) 35.1 30.0 29.4 31.0 2018 2019 2020 * 2021 *2020 impacted by goodwill d
Slide 16: Net Profit After Tax (attributable to shareholders)
Net Profit After Tax (attributable to shareholders) GXH Net Profit after Tax Attributable to Comments: Shareholders ($m) • NPAT attributable to shareholders of $16.8m, up 24% 16.8 16.1 15.6 13.5 2018 2019 2020 * 2021 ** *2020 impacted by goodwill disposals of ‐$1.1m (after NCI portion) and intangibl
Slide 17: Operating Cash / Investments
Operating Cash / Investments GXH Operating Cash Flow ($m) Comments: • Operating Cash of $52.1m (excl. IFRS 16) 71.8 Enabling investment ($9.2m) in: 54.3 • Cambridge pharmacies (three new holdings) • Gabriel Medical centre 52.1 • Tui Medical centre 33.1 • Richmond Health centre 31.4 34.8 2018 2019 20
Slide 18: Net Debt / Debt Capacity
Net Debt / Debt Capacity Net Debt (Borrowings Less Cash) ($m) Comments: • $35.5m improvement in Net Cash/Debt to $12.9m 12.9 • Improved working capital management has positioned GXH well to be in a net cash position and to take advantage of future investment opportunities • Debt facilities with BNZ
Slide 19: Earnings Per Share
Earnings Per Share GXH Net Profit after Tax Attributable to Comment: Shareholders (cps) • EPS at 11.7 cps, an increase of 24% on the prior year 11.3 11.7 11.0 9.4 2018 2019 2020 2021 GXH Annual Results Presentation 28 25 May June2021 2020 Pg 19Pg 19 19
Slide 20: Disclaimer
Disclaimer The information in this presentation was prepared by Green Cross Health Limited (GXH) with due care and attention. However, the information is supplied in summary form and is therefore not necessarily complete, and no representation is made as to the accuracy, completeness or reliability