Ramsay Health Care Limited · ASX:RHC

Ramsay Health Care — 8th Annual Australian & New Zealand Investment Conference 2011

17 slides from Ramsay Health Care's conference presentation, Mar 9, 2011

  1. Slide 1: 8th Annual Australian & New Zealand Investment Conference

    For personal use only 8th Annual Australian & New Zealand Investment Conference London 8 March 2011 Christopher Rex, Managing Director

  2. Slide 2: Agenda

    AGENDA For personal use only  About Ramsay Health Care  Growth Story  Formula For Success  Recap Half-Year Results  Operating Environment − Australia, UK, France  Global Vision  Our Growth Strategy  Capital Management  Outlook 2

  3. Slide 3: About Ramsay Health Care

    ABOUT RAMSAY HEALTH CARE For personal use only  Established in 1964  Listed on the Australian Stock Exchange in September 1997, market capitalisation $200M, 11 hospitals  Since become Australia’s largest private hospital operator, approximately 30% market share  Expanded offshore in November 200

  4. Slide 4: Growth Strategy: Delivering Strong Shareholder Returns

    GROWTH STRATEGY DELIVERING STRONG SHAREHOLDER RETURNS 3000 For personal use only Ramsay Total Shareholder Return 1 Jan 2000 to 29 February 2011: 2500% 2500 Ramsay Total Shareholder Return versus ASX100 (share price appreciation plus dividends) 2000 Index (base of 100) 1500 1000 ASX 100 Total Shareho

  5. Slide 5: Revenue Growth

    REVENUE GROWTH For personal use only A$B 4.0 Compound Annual Rate of 3.5 Growth (CAGR) 24.4% 3.0 Operating Revenue Estimated Revenue FY2011 2.5 CAGR trend line 2.0 Estimate 1.5 1.0 0.5 0.0 Financial Year ended 30 June * FY 2010 – includes only 3 months of Ramsay Santé 5

  6. Slide 6: Core EPS Growth

    CORE EPS GROWTH For personal use only 90.0 Compound Annual Growth Rate 80.0 (CAGR) of 16.1% 70.0 60.0 Cents per Share 50.0 40.0 30.0 20.0 10.0 0.0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010* Financial Year ended 30 June * FY 2010 – includes 3 months of Ramsay Santé 6

  7. Slide 7: Our Formula for Success

    OUR FORMULA FOR SUCCESS For personal use only  Management and culture – Long term, stable management team, special culture (“The Ramsay Way”), industry leaders – Ramsay can export proven management model and blend it with local expertise  Strong growth strategy – Ramsay’s growth strategy has remai

  8. Slide 8: Group Financial Performance, Half-Year Ended December

    GROUP FINANCIAL PERFORMANCE HALF-YEAR ENDED 31 DECEMBER For personal use only 2010 2009 % $m $m Increase Australia/ UK France Group(1) Group Indonesia Operating Revenue 1,479.2 290.5 94.4 1,864.1 1,682.9 10.8% EBITDA 222.1 37.4 12.3 271.8 235.3 15.6% EBIT 174.4 22.8 7.3 204.6 171.6 19.2% Core NPAT (

  9. Slide 9: Group Revenue & EBIT Analysis

    GROUP REVENUE & EBIT ANALYSIS For personal use only Revenue EBIT Australia/Indonesia 79% Australia/Indonesia 85% UK 16% UK 11% France 5% France 4% NOTE: Data is from the six months ended 31 December 2010 9

  10. Slide 10: Operating Environment - Australia

    OPERATING ENVIRONMENT - AUSTRALIA For personal use only  Stable operating environment  Private hospital sector an integral part of the Australian health care system − Treats more than 40% of all patients who go to hospital each year  Bipartisan political support for strong private sector  Health

  11. Slide 11: Operating Environment - UK

    OPERATING ENVIRONMENT - UK For personal use only  Economic conditions remain challenging  NHS largely protected from public spending cuts  Major reorganisation of NHS currently underway  Private sector involvement recognised as vital and could grow  Some green shoots in self pay sector  PMI ye

  12. Slide 12: Operating Environment - France

    OPERATING ENVIRONMENT - FRANCE For personal use only  Operating environment stable  Current blended provision well regarded  Economy appears robust  Reorganisation of health administration undertaken has devolved decision making  Growth in demand underpinned by positive demographics 12

  13. Slide 13: A Global Vision

    A GLOBAL VISION For personal use only Becoming a major global hospital operator Acquiring businesses Investing in in existing capacity and new expansion of markets existing Capturing facilities to organic growth grow market driven by share demographic evolution 13

  14. Slide 14: Our Growth Strategy

    OUR GROWTH STRATEGY For personal use only  Ramsay’s growth strategy has remained clear and consistent, with a sole focus on managing private hospitals • Quality portfolio of hospitals • Ongoing business improvement Organic • Underpinned by demographics (ageing and expanding population) • Ramsay has

  15. Slide 15: Capital Management

    CAPITAL MANAGEMENT For personal use only Leverage = Net Debt / EBITDA  Debt Profile 6.0 Affinity Acquisition − Committed senior bank 5.1 $1.4 B debt facilities of $1.9B in place until November next 5.0 year Capio UK Acquisition £193 M − Headroom of $600-$700M 4.0 3.7 after current brownfield Ramsay

  16. Slide 16: Outlook

    OUTLOOK For personal use only  Business well positioned to continue performing strongly  Ramp-up of completed brownfield developments to continue adding to earnings at EBIT and EPS level  Ramsay UK continues to perform strongly in a challenging environment  Opportunities for consolidation in Fra

  17. Slide 17: Questions

    For personal use only QUESTIONS

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