Eureka Group Holdings Limited · ASX:EGH
Eureka — H1 FY2019 Earnings Presentation
12 slides from Eureka's earnings presentation, Mar 13, 2019
Slide 1: Investor Presentation - Half year ended 31 December 2018
Eureka Group Holdings Limited Investor Presentation Half year ended 31 December 2018 March 2019
Slide 2: Disclaimer
Disclaimer No responsibility for contents of Presentation To the maximum extent permitted by law, Eureka Group Holdings Limited (ABN 15 097 241 159) its officers, advisers and representatives: • make no representation, warranty or undertaking, and accept no responsibility or liability, express or im
Slide 3: Contents
Contents 1. 1H19 Highlights 2. Key Financial Information 3. Business Overview 4. FY19 Outlook 5. Summary 3
Slide 4: 1H19 Highlights
1. 1H19 Highlights • NPAT of $2.83 million, up from a loss of $0.1 million in the prior half year. • EBITDA from core operations (prior to asset revaluations) of $3.68 million, a 6% improvement on the prior half year. • Strong occupancy levels averaging 92% in company owned villages. • Weighted aver
Slide 5: 1H19 Highlights (cont.)
1. 1H19 Highlights (cont.) • Capital recycling – received $3.6 million from Couran Cove and $1.0 million from the sale of Lambert Village (subsequent to period end). • Settlement reached in relation to remaining Couran Cove investment. • Terranora – final approvals received in March 2019 to enable s
Slide 6: Key Financial Information
2. Key Financial Information The table below summarises the results for the half year ended 31 December 2018 ($'000) 31-Dec-18 31-Dec-17 • Improved revenue from core Revenue - rental 8,170 7,726 operations due to strong - catering and service fees 3,240 2,963 occupancy and additional service - other
Slide 7: Key Financial Information (cont.) - Balance Sheet
2. Key Financial Information (cont.) The table below summarises the balance sheet at 31 December 2018 ($'000) 30-Jun-18 30-Jun-18 • Reduction in trade and other receivables Assets Cash and cash equivalents 1,417 1,986 and inventory due to partial realisation of Trade and other receivables 763 2,402
Slide 8: Key Financial Information (cont.) - Cash Flows
2. Key Financial Information (cont.) The table below summarises the cash flows for the half year ended 31 December 2018 ($'000) 31-Dec-18 31-Dec-17 • Net cash from core operating Cash Flows from Operating Activities activities was strong, and was Receipts from customers (excluding Couran Cove receip
Slide 9: Eureka Business Overview
3. Eureka Business Overview STRATEGY Primary focus to provide low cost rental accommodation and limited associated care with a focus on independent retirees who are completely or primarily supported by the Australian Government pension and location allowances. Target market represents a signific
Slide 10: Eureka Business Overview (cont.)
3. Eureka Business Overview (cont.) BOARD AND EXECUTIVE Board appointments – Mr Russell Banham appointed to the Board as a non-executive director and Chair of the Audit and Risk Committee. Ms Sue Renkin appointed as Chair of the Nominations and Remuneration Committee. Mr Nirmal Hansra resigned dur
Slide 11: FY19 Outlook
4. FY19 Outlook • FY19 forecast is an EBITDA1 from core operations at the lower end of the guidance range of $7.8m to $8.3m, compared with $6.9m in FY18. • FY19 forecast excludes asset revaluations, any profit contribution from apartments sales at Terranora or FY19 acquisitions. • Reflects continued
Slide 12: Summary
5. Summary Continued progress in resolving non core assets – partial realisation of Couran Cove investment and final approvals achieved for Terranora. Portfolio of core villages to be expanded through acquisition. Opportunities being reviewed. Implementing operational efficiencies, cost reduction an
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