Eureka Group Holdings Limited · ASX:EGH
Eureka — FY2021 Earnings Presentation
21 slides from Eureka's earnings presentation, Aug 30, 2021
Slide 1: FY21 Results Presentation
FY21 RESULTS PRESENTATION | AUGUST 2021 Rental Retirement Living
Slide 2: Contents
Contents FY21 RESULTS PRESENTATION | AUGUST 2021 Snapshot of Eureka 3 Eureka Village Locations 4 FY21 Results Summary 5 Strategic Objectives 6 Operations Overview 7 Portfolio Review 8 Environment, Social & Governance 9 FY22 Priorities 11 Outlook 12 FY21 Results in Detail 13 Acquisitions & Developmen
Slide 3: Snapshot of Eureka
FY21 RESULTS PRESENTATION | AUGUST 2021 • Eureka is a specialist owner, operator and manager of rental retirement villages • We provide essential social infrastructure, services and community for a growing cohort of residents • Our revenue streams are economically stable and highly resilient, with g
Slide 4: Eureka Village Locations
FY21 RESULTS PRESENTATION | AUGUST 2021 Eureka Village Locations 4 Rental Retirement Living
Slide 5: Results Summary
FY21 RESULTS PRESENTATION | AUGUST 2021 FY21 Results Summary FINANCIAL BUSINESS Underlying EBITDA Total Units Up 21% to $10.57m $12m 40.0% 2,191 units, up 2% on PY EUREKA WYNNUM EXPANSION 35.0% Occupancy Underlying Profit before Tax $10m 98%, up from 95% in PY Up 31% to $7.36m 30.0% $8m Capitalisati
Slide 6: Strategic Objectives
FY21 RESULTS PRESENTATION | AUGUST 2021 • Expand the quality asset base with resilient cash flows • Upscale and grow core business through: • Disciplined acquisitions and greenfield “build-to-rent” developments Strategic Objectives • Maintaining occupancy, rental growth and cost control to increase
Slide 7: Operations Overview
FY21 RESULTS PRESENTATION | AUGUST 2021 • Established ‘resident-first’ philosophy: Providing social connections and a caring and safe environment for residents to “age in place” • Occupancy success: Investment in resident experience and digital marketing initiatives have strengthened maintainable oc
Slide 8: Portfolio Review
FY21 RESULTS PRESENTATION | AUGUST 2021 • Village portfolio growth in complementary locations and ideal demographic catchments: • Acquired villages in Earlville (Cairns) and Hervey Bay, Qld in November 2020, comprising 123 units for $13.0m in total • Acquired a village in Brassall, Southeast Qld in
Slide 9: Environment Social Governance
FY21 RESULTS PRESENTATION | AUGUST 2021 SOCIAL FOCUS • ‘Resident-first’ philosophy underpinned by compassion, respect and trust • Empowering the well-being and independence of residents in a safe, secure and active village to create communities • Listen to and improve resident experience Environment
Slide 10: Environment Social Governance
FY21 RESULTS PRESENTATION | AUGUST 2021 GOVERNANCE PRACTICES • Ethical business principles and embedded governance practices • Effective risk management through a risk management framework, policies, legislative and regulatory compliance and reporting • Diverse and inclusive workplace Environment So
Slide 11: FY22 Priorities
FY21 RESULTS PRESENTATION | AUGUST 2021 GROWTH • Deliver further acquisition and development opportunities to scale the business TECHNOLOGY • Implement technology systems across all business units PEOPLE • Establish corporate office in Brisbane • Continue to develop a professional team of village ma
Slide 12: Outlook
FY21 RESULTS PRESENTATION | AUGUST 2021 • The Board expects further growth in underlying EBITDA and underlying Net profit before tax in FY22, generated by: • Earnings accretive acquisitions • Development opportunities • Further economies of scale • Outlook We remain cautious of, and vigilant to, the
Slide 13: FY21 Results in Detail
FY21 RESULTS PRESENTATION | AUGUST 2021 FY21 Results in Detail 13 Rental Retirement Living
Slide 14: Profit and Loss Summary
FY21 RESULTS PRESENTATION | AUGUST 2021 Profit and Loss Summary Year ended 30-Jun-21 30-Jun-20 ($ '000) Rental income 18,831 16,874 • Strong growth in underlying profit before Catering income 4,544 4,223 tax of 31% to $7.36m Service and caretaking income 4,207 3,712 • Underlying EBITDA margin increa
Slide 15: Balance Sheet Summary
FY21 RESULTS PRESENTATION | AUGUST 2021 Balance Sheet Summary As at 30-Jun-21 30-Jun-20 ($ '000) Assets • Strong balance sheet with financial Cash and cash equivalents 1,890 2,451 capacity for expansion Trade, other and loans receivable 974 1,065 Inventory - 4,880 • Weighted capitalisation rate for
Slide 16: Cash Flow Summary
FY21 RESULTS PRESENTATION | AUGUST 2021 Cash Flow Summary Period ended 30-Jun-21 30-Jun-20 ($ '000) Cash flows from operating activities Receipts from customers 29,120 25,783 • Strong and reliable operating cash flows Payments to suppliers and employees (19,039) (15,884) Interest received 64 43 • St
Slide 17: Capital Management
FY21 RESULTS PRESENTATION | AUGUST 2021 DIVIDENDS DEBT FACILITY • FY21 final dividend of 0.59 cps • Expiry: 31 March 2024 • Total FY21 dividends of 1.18 cps • Limit: Increased from $60m to $77.5m in November 2020 and increasing to $80m upon settlement of the deferred • Dividend reinvestment plan (DR
Slide 18: Acquisitions & Development
FY21 RESULTS PRESENTATION | AUGUST 2021 Acquisitions & Development EUREKA NEW HORIZONS EUREKA NEW HORIZONS EUREKA GAINSBOROUGH EUREKA WYNNUM VILLAS HERVEY BAY VILLAS EARLVILLE LIFESTYLE VILLAGE BRASSALL EXPANSION Acquisition Acquisition Acquisition Development Press “Play” button to view video tour
Slide 19: Definitions
FY21 RESULTS PRESENTATION | AUGUST 2021 Balance sheet gearing • Calculated as net debt (being interest-bearing drawn debt net of cash) divided by net debt plus equity EBITDA (Earnings before interest, tax, depreciation and amortisation) • An unaudited non-IFRS measure. The Directors believe it is a
Slide 20: Disclaimer
FY21 RESULTS PRESENTATION | AUGUST 2021 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 responsibilit
Slide 21: Contact Details
FY21 RESULTS PRESENTATION | AUGUST 2021 Contact Details Company Eureka Group Holdings Limited ABN 15 097 241 159 Address Suite 2D 7 Short St, Southport QLD 4215 Postal PO Box 10819, Southport BC QLD 4215 Phone 07 5568 0205 Website www.eurekagroupholdings.com.au Email info@eurekagroupholdings.com.au