Ryman Healthcare Ltd. · NZX:RYM
Ryman Healthcare — Shareholder Meeting (July 2026)
31 slides from Ryman Healthcare's shareholder meeting presentation, Jul 28, 2026
Slide 1: Annual Shareholders Meeting
RYMAN HEALTHCARE Annual Shareholders Meeting 28 July 2026
Slide 2: Virtual meeting instructions
Virtual meeting instructions On the cover: Norma and Lindy, Keith Park Village 2
Slide 3: Agenda
Agenda Chair’s address 4 CEO’s address 12 Resolutions 24 General business 29
Slide 4: Chair's address
Chair’s address Dean Hamilton Raewyn, Mary and Pauline, Miriam Corban Village
Slide 5: Significant Board renewal
Significant Board renewal Dean Hamilton Kate Munnings Hamish Rumbold Chair Non-executive Director Non-executive Director Joined | June 2023 Joined | November 2023 Joined | May 2026 Paula Jeffs David Pitman Non-executive Director Non-executive Director Joined | November 2019 Joined | May 2024 James M
Slide 6: FY26 marks a turning point in our business reset
FY26 marks a turning point in our business reset 1 Operating profitability materially improved 2 Meaningful cost reductions achieved 3 First positive free cash flow in over 10 years 4 Stronger and more resilient operating model 5 Disciplined approach to capital allocation 6
Slide 7: Ryman has a strong and flexible balance sheet
Ryman has a strong and flexible balance sheet • No bank debt maturities until FY31 • Lowest in-industry gearing1 27.8% • Strong liquidity and funding Gearing position • New capital allocation framework • Pathway to dividends in FY28 >$600m Available debt headroom FY31 Nearest bank debt maturity 1: C
Slide 8: Shift away from rapid growth toward sustainable value creation
Shift away from rapid growth toward sustainable value creation • Only two sites under active construction – Patrick Hogan and Richard Hadlee • Lower capital intensity and exposure to construction cost inflation • Disciplined development growth now selective and demand-led • Focus on maximising retur
Slide 9: Foundations for long term value creation
Foundations for long term value creation Reset governance, leadership and strategy Significant improvements to financial reporting and transparency Completed secondary listing on ASX Alignment of executive remuneration with shareholders through LTI and minimum shareholding requirements 9
Slide 10: Committed to our sustainability journey
Committed to our sustainability journey Climate • 30% reduction in Scope 1 and 2 market-based emissions compared to FY25 • 32 GWh Ryman Healthcare Solar Farm now operational, supplying equivalent to ~60% of New Zealand village electricity consumption Diversity • Gender pay equity achieved • Strong g
Slide 11: aken care
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Slide 12: CEO's address
CEO’s address Naomi James Kathy and Roger, Keith Park Village
Slide 13: Growing demand for care-centric living
Growing demand for care-centric living • Ageing population accelerating demand • Supply shortfall in aged care across New Zealand and Australia • Shifting customer demand to higher-acuity residential aged care and assisted living • Ryman portfolio well positioned with over 50% weighting to aged care
Slide 14: Lessons from the past
Lessons from the past Revenue model Risk management Overheads Governance Low fees and Development Non-village costs Lack of financial rising costs intensity too high grew faster than performance impacted returns resident numbers transparency 14
Slide 15: Redefining how we create value
Redefining how we create value Be the provider of choice Grow recurring earnings Industry leader in care-centred living, Grow recurring earnings through reset pricing, providing choice, control and community to operational excellence and improved occupancy growing 80+ population Optimise existing po
Slide 16: Significant improvement in financial performance in FY26
Significant improvement in financial performance in FY26 $188.3m $88.3m -7.2cps Free cash flow1 Operating EBITDAF1 PBTF per share1 -87% +282.5m +94% (smaller loss) Material progress toward Strong revenue growth Loss before tax and fair FY29 cash flow targets and cost out achieved value movements red
Slide 17: FY26 progress against strategic targets
FY26 progress against strategic targets FY29 target FY26 progress Uplift in sustainable cash flow $150m $47m Cash release $500m $169m Operating EBITDAF per bed $25–30k $17.7k 17
Slide 18: First quarter trading update
First quarter trading update • Q1 FY27 resale volumes are Retirement living ORA resales Mature aged care centre in line with the same period occupancy last year 264 274 274 265 96.3% 95.8% 96.0% 96.1% 96.1% 250 • All regions contributing and serviced apartments accounting for a higher proportion of
Slide 19: Leading care quality and resident experience
Leading care quality and resident experience Customer NPS1 Team member engagement1 47 69% New Culture Amp Survey 6% Readers Digest Most Seniors New Zealand Trusted Brand (NZ)2 Best Group Provider 11 times 6 times Margaret and Priya, Bruce McLaren Village 1: Across four surveys; independent, serviced
Slide 20: Evolving our product offering
Evolving our product offering • Strong demand for assisted living • Ongoing refinement of serviced apartment offering • Greater choice and flexibility in services • Seamless transition to aged care through new Resident Fund product • Expanding premium care offering with more product types Natasha an
Slide 21: Resident Fund supports smooth transition into aged care
Resident Fund supports smooth transition into aged care • Resident Fund product rolled out across New Zealand villages during 2H26 • Product enables Ryman residents to fund aged care costs using the capital in their retirement village unit • Provides increased flexibility and choice for residents an
Slide 22: Regulatory change to support growing demand for aged care
Regulatory change to support growing demand for aged care • Shortage of aged care beds becoming more acute across New Zealand and Australia • Aged care funding models critical to the long-term resilience of the health system • Active policy environment in Australia, with introduction of new Aged Car
Slide 23: A clear plan to deliver value for shareholders and residents
A clear plan to deliver value for shareholders and residents 1 Long term fundamentals remain strong with 80+ population expected to double by 2050 2 Ryman portfolio well positioned to benefit from structural trends in aged care and assisted living 3 Refreshed strategy provides clear priorities and p
Slide 24: Resolutions
Resolutions Dean Hamilton Deborah Cheetham Village
Slide 25: Resolution 1 Auditors remuneration
Resolution 1 Auditors remuneration That the Board be authorised to fix the remuneration of PwC as auditor of Ryman Healthcare Limited for the ensuing year. The Board unanimously recommends that shareholders vote in favour of Resolution 1. Keith Park Village 25
Slide 26: Resolution 2 Re-election of Director Dean Hamilton
Resolution 2 Re-election of Director Dean Hamilton Non-executive Director Dean Hamilton retires by rotation pursuant to NZX Listing Rule 2.7.1 and offers himself for re-election at the 2026 Annual Meeting. Dean Hamilton is considered by the Board to be independent. The Board unanimously supports the
Slide 27: Resolution 3 Re-election of Director James Miller
Resolution 3 Re-election of Director James Miller Non-executive Director James Miller retires by rotation pursuant to NZX Listing Rule 2.7.1 and offers himself for re-election at the 2026 Annual Meeting. James Miller is considered by the Board to be independent. The Board unanimously supports the re
Slide 28: Resolution 4 Re-election of Director Hamish Rumbold
Resolution 4 Re-election of Director Hamish Rumbold Non-executive Director Hamish Rumbold was appointed by the Board with effect from 1 May 2026. Hamish Rumbold accordingly retires by rotation pursuant to NZX Listing Rule 2.7.1 and offers himself for re-election at the 2026 Annual Meeting. Hamish Ru
Slide 29: General business
General business Dean Hamilton Deborah Cheetham Village
Slide 30: Thank you
Thank you Norma and Lindy, Keith Park Village
Slide 31: Disclaimer
Disclaimer This presentation has been prepared by Ryman Healthcare Limited and its group companies (‘Ryman’) for informational purposes. This disclaimer applies to this document and the verbal or written comments of any person presenting it. It should be read in conjunction with all other material w