Ryman Healthcare Ltd. · NZX:RYM
Ryman Healthcare — Shareholder Meeting (August 2024)
21 slides from Ryman Healthcare's shareholder meeting presentation, Aug 1, 2024
Slide 1: Annual Shareholder Meeting
RYMAN HEALTHCARE Annual Shareholder Meeting 1 August 2024
Slide 2: Agenda
R Y M A N H E A L T H C A R E | 2024 Annual Shareholder Meeting 2 Agenda Welcome and introductions Executive Chair’s address Resolutions General business Keith Park Village resident Mary and her grandson.
Slide 3: Virtual meeting instructions
R Y M A N H E A L T H C A R E | 2024 Annual Shareholder Meeting 3 Virtual meeting instructions
Slide 4: Executive Chair's address
RYMAN HEALTHCARE | 2024 Result Presentation 44 Executive Chair’s address Deborah Cheetham Village.
Slide 5: Board of directors
R Y M A N H E A L T H C A R E | 2024 Annual Shareholder Meeting 5 Board of directors Elected at 2023 ASM Dean Hamilton James Miller EXECUTIVE NON-EXECUTIVE CHAIR DIRECTOR Joined 2023 Joined 2023 Up for re-election at 2024 ASM Kate Munnings David Pitman NON-EXECUTIVE NON-EXECUTIVE DIRECTOR DIRECTOR J
Slide 6: FY24 financial performance
R Y M A N H E A L T H C A R E | 2024 Annual Shareholder Meeting 6 FY24 financial performance Cash flow from existing Cash flow from Free cash flow1 operations1 development activity1 (CFEO + CFDA) $43.3m ($230.2m) ($186.9m) Up $51.8m | FY23: -$8.5m Up $150.8m | FY23: ($381.0m) Up $202.6m | FY23: ($38
Slide 7: Capital management
R Y M A N H E A L T H C A R E | 2024 Annual Shareholder Meeting 7 Capital management Net interest-bearing debt1 Total equity equity $2.51b $4.42b Up $0.21b | FY23: $2.30b | 1H24: $2.47b Down $0.24b | FY23: $4.66b NTA per share2: $6.015 Funding headroom1 Gearing1,3 (including cash) (debt to debt plus
Slide 8: Development progress
R Y M A N H E A L T H C A R E | 2024 Annual Shareholder Meeting 8 Development progress Miriam Corban main building opened May 2024 James Wattie main building opened June 2024 Photo, 1 May 2024 Photo, 4 July 2024 Bert Newton main building under construction Keith Park main building under construction
Slide 9: Sustainability progress
R Y M A N H E A L T H C A R E | 2024 Annual Shareholder Meeting 9 Sustainability progress • We remain committed to our sustainability journey and decarbonising our operations • Released our first Sustainability Report in May 2024 • In March 2024, our greenhouse gas emissions targets were validated b
Slide 10: Recognition during the year
R Y M A N H E A L T H C A R E | 2024 Annual Shareholder Meeting 10 Recognition during the year • Opened three new villages during FY24, welcoming our first residents into Northwood (Christchurch), Patrick Hogan (Cambridge) and Bert Newton (Australia) • Named Reader’s Digest Most Trusted Brand in age
Slide 11: Fit for the Future
R Y M A N H E A L T H C A R E | 2024 Annual Shareholder Meeting 11 Fit for the Future
Slide 12: Auditor
R Y M A N H E A L T H C A R E | 2024 Annual Shareholder Meeting 12 Auditor • External Auditor Independence Policy published on 1 December 2023 • The rotation of audit firm will be tendered at least every 10 years • PwC recommended by the Board to be appointed as auditor for the financial year commen
Slide 13: Aged care funding under pressure
R Y M A N H E A L T H C A R E | 2024 Annual Shareholder Meeting 13 Aged care funding under pressure • Throughout the year, Ryman continued to advocate for change - governments need to urgently address the models to ensure sustainability of the sector • Current aged care funding models not working in
Slide 14: FY25 outlook – unchanged from full year result
R Y M A N H E A L T H C A R E | 2024 Annual Shareholder Meeting 14 FY25 outlook – unchanged from full year result Cash flow We continue to target positive free cash flow (representing the combination of cash flow from existing operations and cash flow from development activity) Capex We expect to sp
Slide 15: Resolutions
RYMAN HEALTHCARE | 2024 Result Presentation 15 15 Resolutions Residents John and Bev at our Northwood Village.
Slide 16: Auditor's appointment and remuneration
R Y M A N H E A L T H C A R E | 2024 Annual Shareholder Meeting 16 Resolution 1 Auditor’s appointment and remuneration That PwC Auckland is appointed as the auditor of the Company and that the Board is authorised to fix the auditor’s remuneration for the ensuing year. Artist’s impression of our Mulg
Slide 17: Re-election of Ms Kate Munnings
R Y M A N H E A L T H C A R E | 2024 Annual Shareholder Meeting 17 Resolution 2 Re-election of Ms Kate Munnings Under NZX Listing Rule 2.7.1 a director appointed by the Board must not hold office (without re-election) past the next Annual Meeting following the director’s appointment. Ms Kate Munning
Slide 18: Re-election of Mr David Pitman
R Y M A N H E A L T H C A R E | 2024 Annual Shareholder Meeting 18 Resolution 3 Re-election of Mr David Pitman Under NZX Listing Rule 2.7.1 a director appointed by the Board must not hold office (without re-election) past the next Annual Meeting following the director’s appointment. Mr David Pitman
Slide 19: General business
RYMAN HEALTHCARE | 2024 Result Presentation 19 19 General business Artist’s impression of our Bert Newton Village.
Slide 20: Thank you
RYMAN HEALTHCARE | 2024 Result Presentation 20 20 Thank you Caregivers at our Anthony Wilding Village.
Slide 21: Disclaimer
R Y M A N H E A L T H C A R E | 2024 Annual Shareholder Meeting 21 Disclaimer This presentation has been prepared by Ryman Purpose of this presentation Healthcare Limited and its group companies This presentation is not an offer of financial products, or a proposal or invitation to make ("Ryman") fo