Ramsay Health Care Limited · ASX:RHC
Ramsay Health Care — UBS Australian Health Care Conference 2010
18 slides from Ramsay Health Care's conference presentation, Nov 9, 2010
Slide 1: UBS Australian Health Care Conference
For personal use only UBS Australian Health Care Conference 9 November 2010 Ramsay Health Care Christopher Rex, Managing Director
Slide 2: Agenda
AGENDA For personal use only A global company Group FY10 highlights Capital management Our growth strategy Our operating environment - Australia, UK, France Our latest acquisition - Ramsay Santé Brownfield developments Outlook 2
Slide 3: A Global Company
A GLOBAL COMPANY For personal use only Australia’s largest private hospital operator Recently admitted into the S&P/ASX100 One of the largest private hospital operators in the world Operating on three continents Employing more than 30,000 people 3
Slide 4: Group FY10 Highlights
GROUP FY10 HIGHLIGHTS For personal use only YEAR ENDED 30 JUNE 2010 2009 % $m $m Increase Australia/ UK France(1) Group(1) Group Indonesia Operating Revenue 2,716.7 628.0 54.6 3,399.3 3,223.8 5.4% EBITDA 369.9 90.4 8.5 468.8 411.6 13.9% EBIT 280.0 48.4 5.4 333.8 303.3 10.0% Core NPAT (2) 178.5 146.4
Slide 5: Capital Management
CAPITAL MANAGEMENT For personal use only Debt Profile – Committed senior bank debt facilities of $1.9 billion in place until November 2012 – Headroom of $500 million to $600 million after acquisition of French hospital group Ramsay Santé and after allowing for funding of current brownfield commitm
Slide 6: Capital Management: Leverage
CAPITAL MANAGEMENT For personal use only Affinity 6.0 Acquisition (Australia) Leverage = Net Debt / EBITDA 5.1 5.0 Capio UK Acquisition Group Proclif 4.0 Acquisition 3.7 (France) 3.3 3.0 2.6 2.7 2.7 2.4 2.3 2.0 FY05 FY06 FY07 FY08 FY09 Dec-09 Mar-10 Jun-10 Ramsay uses debt efficiently and has a tr
Slide 7: Revenue Growth Milestones
REVENUE GROWTH MILESTONES For personal use only - Group Proclif France acquired March 2010 - Capio UK acquired November 2007 - Affinity Group acquired April 2005 - Benchmark Group acquired July 2004 - Greenslopes major brownfield Estimate expansion opened May 2003 - Hollywood major brownfield expans
Slide 8: Growth Strategy: Delivering Strong Returns
GROWTH STRATEGY DELIVERING STRONG RETURNS 2500 For personal use only Ramsay Total Shareholder Return versus ASX100 (share price appreciation plus dividends) Ramsay Total Shareholder Return 1 Jan 2000 to 30 Sept 2010: 2109% 2000 Index (base of 100) 1500 1000 500 ASX 100 Total Shareholder Return from
Slide 9: Our Growth Strategy
OUR GROWTH STRATEGY For personal use only A growing global hospital operator Acquiring businesses in existing Investing in and new capacity markets expansion of existing Capturing facilities to organic growth grow market driven by share positive demographic factors 9
Slide 10: Global Industry Fundamentals Driving Growth
GLOBAL INDUSTRY FUNDAMENTALS DRIVING GROWTH For personal use only Ageing population Expanding population INCREASING DEMAND FOR HEALTH CARE Increase in chronic diseases PROVISION Technological advances 10
Slide 11: The Australian Health Care System
THE AUSTRALIAN HEALTH CARE SYSTEM For personal use only Balanced health care system Cultural Political Financial Industry features Respected private providers Choice & access Low cost, attractive insurance product Comprehensive cover Community rated 30% rebate Lifetime health
Slide 12: Our Operating Environment: Australia
OUR OPERATING ENVIRONMENT AUSTRALIA For personal use only Positive demographics – Ageing population • Proportion of population aged 65+ to grow from 14.3% to 25.7% by 2050* – Expanding population – Increasing life expectancy • Australia has third-highest life expectancy in OECD* Health insurance
Slide 13: Our Operating Environment: UK
OUR OPERATING ENVIRONMENT UK For personal use only Positive demographics – Ageing population • Proportion of population aged 65+ to grow from 16.7% to 26.2% by 2050* – Expanding population Political environment – Coalition committed to private sector participation in NHS – White Paper firmly sup
Slide 14: Ramsay Santé
RAMSAY SANTÉ For personal use only Ramsay Santé is a platform for expansion in the French market • Second-largest private hospital operator in the greater Paris region Well- • Nine specialist hospitals benefiting from significant capital established expenditure on new equipment and refurbishment ove
Slide 15: Our Operating Environment: France
OUR OPERATING ENVIRONMENT FRANCE For personal use only Positive demographics – Ageing population • Proportion of population aged 65+ to grow from 16.5% to 24.1% by 2050* – Expanding population Health administration reforms support our investment strategy – Devolvement of decision making Econom
Slide 16: Brownfield Developments
BROWNFIELD DEVELOPMENTS For personal use only Brownfield development programme well advanced and running on time and to budget Key projects completed in FY10 and FY11 to date include: – Hollywood (Perth): Completed 1st Half FY10 – St George (Sydney): Completed 2nd Half FY10 – New Farm Clinic (Bris
Slide 17: Outlook
OUTLOOK For personal use only Clear and consistent strategy to pursue our vision to become a major global hospital operator Ageing and growing population to fuel demand for health care over the medium and long term Ramsay is well positioned to capture increased demand via capacity expansion, a
Slide 18: Questions
For personal use only QUESTIONS
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