Regis Healthcare Ltd. · ASX:REG
Regis Healthcare — Investor Presentation (August 2023)
31 slides from Regis Healthcare's investor presentation, Aug 25, 2023
Slide 1: FY23 Full-Year Results Presentation
OUR PURPOSE Personalised and respectful care that embraces the experience of ageing FY23 Full-Year Results Presentation 25 August 2023 Puffing Billy, Victoria
Slide 2: Regis is a Leading Residential Aged Care Provider
Regis Healthcare Limited | FY23 Full-Year Results Presentation Regis is a Leading Residential Aged Care Provider One of the largest and most geographically diverse aged care portfolios Existing Network 30+ years in the aged care industry Development Sites 6,960 available operational places 1 Darwin
Slide 3: Contents
Contents ● Aged Care Industry Overview ● Financial and Operational Performance ● Strategic Update and Outlook ● Questions ● Appendices - 2 - Regis Wynnum, Queensland
Slide 4: Aged Care Industry Overview
Regis Shenley Manor, Victoria Aged Care Industry Overview
Slide 5: Industry Reform and Sector Changes
Regis Healthcare Limited | FY23 Full-Year Results Presentation Industry Reform and Sector Changes Work Value Aged care worker Case pay rise Funding Care minutes ► Fair Work Commission - Work Value Case ► Transitioned to AN-ACC on 1 October 2022 which ► Mandated care minutes requirement commences inc
Slide 6: Lack of Quality New Beds to Meet Future Demand
Regis Healthcare Limited | FY23 Full-Year Results Presentation Lack of Quality New Beds to Meet Future Demand Elevated demand for quality aged care homes Forecast Residential Aged Care Places Required (‘000s)2 ► Ageing population with acute and sub-acute healthcare 350 needs set to support demand 30
Slide 7: Financial and Operational Performance
Regis Sandringham, Victoria Financial and Operational Performance
Slide 8: FY23 Overview
Regis Healthcare Limited | FY23 Full-Year Results Presentation FY23 Overview Financial Overview Revenue from Services Average Occupancy ► Revenue from services of $780.6 million, up 7.6% on pcp $780.6million ► Underlying EBITDA1 of $83.3 million, up 6.7% on pcp 91.5% ► NPATA1 of $28.5 million, up 63
Slide 9: Financial Summary
Regis Healthcare Limited | FY23 Full-Year Results Presentation Financial Summary ► Revenue from services benefitted from improved occupancy, new AN-ACC funding model from 1 October 2022, and additional resident funding FY22 $ millions FY23 FY22 to FY23 • Average occupancy improved from 89.8% to 91
Slide 10: Drivers of Shareholder Value
Regis Healthcare Limited | FY23 Full-Year Results Presentation Drivers of Shareholder Value Aged care revenue per occupied bed day ($) 400 328.9 344.4 310.6 323.3 FY22 300 Operational Statistics FY23 FY22 to FY23 Average available operational places (#)1 6,980 7,057 (1.1%) 200 Total occupied bed d
Slide 11: One-Off / Non-Recurring Items
Regis Healthcare Limited | FY23 Full-Year Results Presentation One-Off / Non-Recurring Items The following one-off / non-recurring items are excluded from underlying EBITDA: COVID-19 Outbreak ► COVID-19 outbreak and other grant income of $32.5 million (FY22: $3.2 million) $ millions (before tax) FY2
Slide 12: Net Debt and Cash Flow
Regis Healthcare Limited | FY23 Full-Year Results Presentation Net Debt and Cash Flow Net Debt Movements ($m) $ millions Purpose Limit Maturity 102.9 (71.5) Facility A Working capital 150.0 March 2026 53.5 (60.0) Facility B Working capital 175.0 March 2027 Residential village Facility C 70.0 March 2
Slide 13: Capital Expenditure
Regis Healthcare Limited | FY23 Full-Year Results Presentation Capital Expenditure Maintenance & Refurbishment $ millions FY23 FY22 ► Regular and ongoing capex undertaken across residential aged care homes and Property retirement villages Maintenance & Refurbishment Capital Expenditure ► Refurbishme
Slide 14: Resident Profile
Regis Healthcare Limited | FY23 Full-Year Results Presentation Resident Profile Resident Mix (Permanent Residents) 30 June 31 December 30 June Number of Residents1 2023 2022 2022 RAD (100%) 1,890 1,858 1,849 47% 47% 48% Combination (RAD/DAP) 981 1,015 980 DAP 353 311 290 Total Non-Concessional 3,224
Slide 15: Other Matters
Regis Healthcare Limited | FY23 Full-Year Results Presentation Other Matters Potential Employee Entitlement Underpayments Independent Capability Review of the Aged Care Quality ► As previously reported, Regis announced to the ASX on 9 August 2021 that it had identified potential underpayments of and
Slide 16: Strategic Update and Outlook
Regis Frankston, Victoria Strategic Update and Outlook
Slide 17: FY23 Key Accomplishments
Regis Healthcare Limited | FY23 Full-Year Results Presentation FY23 Key Accomplishments Culture of Care ✓ New electronic medication management system implemented to enable better monitoring and history of medication provided to residents Delivery of safe, effective and integrated care for residents
Slide 18: FY24 Key Strategic Priorities
Regis Healthcare Limited | FY23 Full-Year Results Presentation FY24 Key Strategic Priorities Culture of Care - Delivery of safe, effective and integrated care for residents and clients • Continue investment in integrated and person-centred care to residents and clients • Improve resident services in
Slide 19: Environmental, Social and Governance (ESG)
Regis Healthcare Limited | FY23 Full-Year Results Presentation Environmental, Social and Governance (ESG) Regis’ environmental, social and governance commitments Caring for the Caring for our Caring for our People Caring for Regis Caring for Society Environment Local Communities We aim to minimise o
Slide 20: Growth Program - Camberwell Greenfield Development
Regis Healthcare Limited | FY23 Full-Year Results Presentation Growth Program - Camberwell Greenfield Development Camberwell, VIC - in development ► 112 beds ► 4-level residence ► Land area ~4,300 sqm ► ~$40 million investment estimate (excluding land) ► Various room types: standard and large single
Slide 21: Growth Program - Future Greenfield Developments
Regis Healthcare Limited | FY23 Full-Year Results Presentation Growth Program - Future Greenfield Developments Belrose, NSW Carlingford, NSW Toowong, QLD ► Northern beaches of Sydney with ocean views ► West Sydney designed with large outdoor ► Inner-west riverside suburb in Brisbane landscaped areas
Slide 22: Primed for Growth in FY24 and Beyond
Regis Healthcare Limited | FY23 Full-Year Results Presentation Primed for Growth in FY24 and Beyond ► In the year ahead, Regis expects to benefit from improving occupancy, additional Government and resident funding while completing its organisational redesign and recruitment to meet care minute requ
Slide 23: Questions
Regis Gatton, Queensland Questions
Slide 24: Appendices
Regis East Malvern, Victoria Appendices
Slide 25: Appendix A: Income Statement
Regis Healthcare Limited | FY23 Full-Year Results Presentation Appendix A: Income Statement $ millions FY23 FY22 Revenue from Services Government revenue 549.6 517.9 Resident revenue 221.9 200.0 Other revenue 9.1 7.4 Revenue from Services 780.6 725.3 Other income1 117.0 71.6 Total Revenue 897.6 796.
Slide 26: Appendix B: Statement of Financial Position
Regis Healthcare Limited | FY23 Full-Year Results Presentation Appendix B: Statement of Financial Position $ millions FY23 FY22 Cash and cash equivalents 61.3 4.1 Trade and other receivables 40.0 17.9 Other current assets 7.7 11.5 Income tax receivables - 7.2 Assets held for sale 2.9 - Total Current
Slide 27: Appendix C: Cash Flow Statement
Regis Healthcare Limited | FY23 Full-Year Results Presentation Appendix C: Cash Flow Statement $ millions FY23 FY22 Cash Flows from Operating Activities Receipts from customers and Government subsidies 789.6 713.6 Payments to suppliers and employees (718.1) (671.2) Operational Cash Flows Before Inte
Slide 28: Appendix D: Non-IFRS Reconciliation
Regis Healthcare Limited | FY23 Full-Year Results Presentation Appendix D: Non-IFRS Reconciliation $ millions FY23 FY22 Loss Before Tax (40.4) (55.2) Depreciation 45.1 42.1 Amortisation1 81.4 61.0 Net finance costs2 72.9 70.4 Reported EBITDA (post-AASB 16) 159.0 118.3 Add/(deduct) one-off items: COV
Slide 29: Appendix E: Deregulation of Operational Places
Regis Healthcare Limited | FY23 Full-Year Results Presentation Appendix E: Deregulation of Operational Places ► As a result of the Australian Government’s decision to discontinue operational places from 1 July 2024, and in accordance with Accounting Standards and the guidelines issued by the Austral
Slide 30: Appendix F: Definitions of Non-IFRS Financial Measures
Regis Healthcare Limited | FY23 Full-Year Results Presentation Appendix F: Definitions of Non-IFRS Financial Measures FY22 means full-year ended 30 June 2022 FY23 means full-year ended 30 June 2023 Capital expenditure represents payments for property, plant and equipment Reported EBITDA refers to ea
Slide 31: Important Information and Disclaimer
Regis Healthcare Limited | FY23 Full-Year Results Presentation Important Information and Disclaimer This Presentation contains summary information about the current activities of Neither Regis Healthcare nor any other person warrants or guarantees the future Regis Healthcare Limited and its controll
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