Regis Healthcare Ltd. · ASX:REG
Regis Healthcare — Investor Presentation (February 2025)
32 slides from Regis Healthcare's investor presentation, Feb 24, 2025
Slide 1: FY25 Half-Year Results Presentation
OUR PURPOSE Personalised and respectful care that embraces the experience of ageing FY25 Half-Year Results Presentation 24 February 2025 Regis Camp Hill, Queensland
Slide 2: Artwork by Charmaine Mumbulla
Artwork by Charmaine Mumbulla - 1 -
Slide 3: A Leading Provider of High-Quality Aged Care
A Leading Provider of High-Quality Aged Care 30+ years of care and support 1 3 7,740 available beds (31 December 2024)1 1 3 3 28 69 aged care homes1 (100% freehold ownership) and 3 development sites 8 2 93% single rooms as a percentage of total rooms 6 2 4 5 1 ~9,500 residents and clients 19 4 1 3 R
Slide 4: Contents
Contents Aged Care Industry Overview Financial and Operational Performance Strategy, Growth and Outlook Questions Appendices - 3 - Regis Camberwell, Victoria
Slide 5: Aged Care Industry Overview
Regis Magnolia, Queensland Aged Care Industry Overview
Slide 6: New Aged Care Act - July 2025
New Aged Care Act - 1 July 2025 ► Passed both Houses of Parliament with bi-partisan support in November 2024 Legislation ► Rights-Based Approach - focus on rights and needs of older people ► Enhanced Quality Standards Support for Taskforce recommendations, including funding proposals, reflected in t
Slide 7: Industry Reform and Sector Changes
Industry Reform and Sector Changes Care Funding Aged Care Worker Pay Rise ► AN-ACC industry starting price increased 10.3% from $253.82 ► 1 July 2024 - Annual Wage Review increased minimum award to $280.01 on 1 October 2024 wages by 3.75% - Funding to cover: Fair Work Commission (FWC) - Work ► FWC -
Slide 8: Market Dynamics - Residential Aged Care
Market Dynamics - Residential Aged Care Consolidation opportunity continues ► Approved providers - reduced from 1,016 in FY14 to 736 in FY241 Approved providers (#)1 650 ► Large providers (20+ homes) continue to increase market share • FY24 - 459 single home providers and 202 small providers (2-6 ho
Slide 9: Financial and Operational Performance
Regis Camberwell, Victoria Financial and Operational Performance
Slide 10: H1 FY25 Overview
H1 FY25 Overview Financial Overview Revenue from Services Average Occupancy ► Revenue from services of $564.2 million, up 17.5% on pcp $564.2million 95.7% ► Underlying EBITDA1 of $68.1 million, up 30.7% on pcp Underlying EBITDA Average Overall Star Rating ► Underlying EBIT1 of $44.4 million, up 522.
Slide 11: Financial Summary
Financial Summary ► Revenue from services benefitted from: $ millions H1 FY25 H1 FY24 Change % • Increased Government revenue, driven by AN-ACC increases on 1 December 2023 and 1 October 2024, and contribution from recent acquisitions Revenue from services 564.2 480.1 17.5% • To cover: Work Value Ca
Slide 12: Drivers of Shareholder Value
Drivers of Shareholder Value Average quarterly occupancy - mature homes (%)2 95.9% 95.5% Operational Statistics 94.9% H1 FY25 H1 FY24 Change % Average available beds (#)1 7,493 7,067 6.0% 93.9% Total occupied bed days 1,314,366 1,217,319 8.0% Average occupancy (%) 95.3% 93.6% 1.7 pts Total occupied
Slide 13: One-Off / Non-Recurring Items
One-Off / Non-Recurring Items The following one-off / non-recurring items are excluded from underlying EBITDA: Ti Tree Acquisition $ millions (before tax) H1 FY25 H1 FY24 ► Includes $3.2 million stamp duty payable to the Victorian State Revenue Office Ti Tree acquisition and integration costs (3.9)
Slide 14: Cash and Capital Management
Cash and Capital Management Net Cash Movements ($m) $ millions Purpose Limit Maturity 85.8 (6.6) (0.5) 2.0 (40.3) Facility A Working capital/M&A 112.1 March 2028 (32.7) Facility B Working capital/M&A 175.0 March 2027 (20.0) Facility C Working capital/M&A 70.0 March 2028 127.9 (0.6) 179.9 (73.3) Faci
Slide 15: Capital Expenditure
Capital Expenditure $ millions H1 FY25 H1 FY24 Development ► Camberwell - construction of new 112-bed residential aged care home in Property Melbourne which opened in November 2024 Development 16.6 17.4 ► Greenfield development - construction has commenced at Toowong (QLD) Maintenance & Refurbishmen
Slide 16: Resident Profile
Resident Profile Resident Mix (Permanent Residents) 31 December 30 June 31 December Number of Residents1,2 2024 2024 2023 56% 54% 54% RAD (100%) 2,444 2,190 2,212 Combination (RAD/DAP) 1,118 1,115 1,111 DAP 341 355 336 Total Non-Concessional 3,903 3,660 3,659 Concessional 3,068 3,009 3,041 44% 46% 4
Slide 17: Strategy, Growth and Outlook
Regis Camberwell, Victoria Strategy, Growth and Outlook
Slide 18: FY25 - FY27 Key Strategic Priorities
FY25 - FY27 Key Strategic Priorities Our Vision: To lead aged care with heart and minds Care and Service Excellence A Responsible Business Future Ready ► Trusted and caring professionals ► Engaged employees who live our values ► Fast and agile approach ► Personalised care, services and experience ►
Slide 19: Key Drivers of Business Value for Long-Term Success
Key Drivers of Business Value for Long-Term Success People Processes Portfolio ► Investment in talent acquisition and ► High quality care, service delivery and ► Premium, fit-for-purpose and desirable learning & development regulatory compliance aged care homes (eg. Regis Camberwell) ► Improved heal
Slide 20: Ti Tree Acquisition
Ti Tree Acquisition Capel Sound Mornington Overview ► 170 beds ► 92 beds ► 2 premium residential aged care homes on ► Opened 2014 ► Opened 2018 Mornington Peninsula (VIC) with 262 beds ► 84% single ensuite ► 98% single ensuite ► Facilities purchased on freehold basis ► Acquisition funded by existing
Slide 21: BodeWell Acquisition - Home Care (January 2025)
BodeWell Acquisition - Home Care (January 2025) Overview Strategic rationale - combined business ► BodeWell Community Care - provider of home care services in ► Build scale: revenue doubles to ~$30 million Victoria and South-East Queensland ► Customer growth: ~2,500 clients ► Home care packages (HCP
Slide 22: Regis Camberwell
Regis Camberwell Opened 6 November 2024 ► 112 beds ► 4-level residence ► 9 Apartments, 1 Suite, 100 Single Rooms & 1 Double Room ► Advertised room price ranges from $800,000 to $1.8 million ► Ramp-up progressing well and ahead of plan • 41 residents at 16 February 2025 (well above target occupancy)
Slide 23: Greenfield Development Pipeline
Greenfield Development Pipeline Development Development State Beds Club Services Status Approval Construction commenced - Regis Toowong QLD 123 ✓ ✓ H1 FY25 Construction estimated to Regis Carlingford NSW 101 ✓ ✓ commence H2 FY25 Construction estimated to Regis Belrose NSW 99 ✓ ✓ commence H2 FY25 Con
Slide 24: Outlook
Outlook Funding Environment Growth ► Government aged care reforms will lead to increased ► Participation in industry consolidation funding to care, everyday living and accommodation ► Specific criteria drives disciplined approach ► 1 October 2024 AN-ACC increase will be largely absorbed by Fair Work
Slide 25: Questions
Regis Camp Hill, Queensland Questions
Slide 26: Appendices
Regis East Malvern, Victoria Appendices
Slide 27: Appendix A: Income Statement
Appendix A: Income Statement $ millions H1 FY25 H1 FY24 Revenue from Services Government revenue 419.5 351.2 Resident revenue 141.6 124.5 Other revenue 3.1 4.4 Revenue from Services 564.2 480.1 Other income1 58.6 49.1 Total Revenue from Services and Other Income 622.8 529.2 Expenses Staff expenses (
Slide 28: Appendix B: Consolidated Statement of Financial Position
Appendix B: Consolidated Statement of Financial Position $ millions 31 December 2024 30 June 2024 Cash and cash equivalents 179.9 64.9 Trade and other receivables 15.3 17.0 Other current assets 18.3 11.0 Assets held for sale 9.6 9.9 Total Current Assets 223.1 102.8 Property, plant and equipment 1,27
Slide 29: Appendix C: Cash Flow Statement
Appendix C: Cash Flow Statement $ millions H1 FY25 H1 FY24 Cash Flows from Operating Activities Receipts from residents and Government subsidies 628.2 536.6 Government grants received 3.7 27.6 Payments to suppliers and employees (504.0) (447.1) Operating Cash Flows Before Interest, Income Tax, and R
Slide 30: Appendix D: Non-IFRS Reconciliation
Appendix D: Non-IFRS Reconciliation $ millions H1 FY25 H1 FY24 Profit/(Loss) Before Income Tax 37.2 (14.6) Depreciation1 24.2 22.4 Amortisation of operational places2 - 40.7 Net finance costs3 52.8 39.4 Reported EBITDA (AASB 16) 114.2 87.9 Add/(deduct) one-off items: Ti Tree acquisition and integrat
Slide 31: Appendix E: Definitions of Non-IFRS Financial Measures
Appendix E: Definitions of Non-IFRS Financial Measures AN-ACC means Australian National Aged Care Classification refers to Annual Wage Review where the Fair Work Commission reviews the National Minimum Wage and minimum rates of pay in modern awards to decide if they AWR should be increased. Any chan
Slide 32: 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 be perfo
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