Regis Healthcare Ltd. · ASX:REG
Regis Healthcare — FY2020 Earnings Presentation
31 slides from Regis Healthcare's earnings presentation, Aug 27, 2020
Slide 1: FY20 Full-Year Results Presentation
FY20 Full-Year Results Presentation 27 August 2020 MD & CEO Dr Linda Mellors CFO Mr Rick Rostolis
Slide 2: Contents
Regis Healthcare Limited | FY20 Full-Year Results Presentation Contents COVID-19 Financial Performance Strategy & Growth Industry Update & Outlook Questions Appendices 1
Slide 3: COVID-19 Response
Regis Healthcare Limited | FY20 Full-Year Results Presentation COVID-19 Response Regis’ focus continues to be the wellbeing of residents, clients and employees Specific COVID-19 related activities include: ► Board Clinical Governance and Care Committee chaired by Professor Christine Bennett AO Risk
Slide 4: COVID-19 Update
Regis Healthcare Limited | FY20 Full-Year Results Presentation COVID-19 Update Regis has been impacted by the community transmission second wave in Melbourne Confirmed Deaths with Current Status1 Victorian Homes COVID-19 Cases COVID-19 (25 August 2020) Regis - Brighton 24 Residents 9 Residents Activ
Slide 5: Financial Performance
Financial Performance 4
Slide 6: FY20 Financial Overview
Regis Healthcare Limited | FY20 Full-Year Results Presentation FY20 Financial Overview ► Reported NPAT of $3.8 million • Includes non-cash goodwill impairment charge of $20.6 million Reported NPAT Net Operating Cash Flow ► Underlying NPAT1 of $21.5 million down 54.4% on pcp $3.8 million $127.2millio
Slide 7: Financial Summary
Regis Healthcare Limited | FY20 Full-Year Results Presentation Financial Summary Underlying AASB 16 Underlying Pre-AASB 16 Reported Underlying Impact Pre-AASB 16 Underlying FY19 vs FY20 $A millions FY20 FY20 FY20 FY20 FY192 Change Revenue from services 677.9 677.9 - 677.9 646.9 4.8% EBITDA 125.4 143
Slide 8: Key Operational Statistics
Regis Healthcare Limited | FY20 Full-Year Results Presentation Key Operational Statistics Operational Statistics FY20 FY19 Change ► On 1 March 2020, the Company acquired two Total operational places (#) 7,218 7,078 2.0% aged care homes from Lower Burdekin Home for Average occupancy - steady-state (m
Slide 9: Non-Cash Goodwill Impairment Charge and Non-Recurring Items
Regis Healthcare Limited | FY20 Full-Year Results Presentation Non-Cash Goodwill Impairment Charge and Non-Recurring Items ► The Group undertook an assessment of the carrying value of assets as part of its full-year accounts process. This $A millions FY20 assessment resulted in a non-cash goodwill i
Slide 10: Net Debt and Cash Flow
Regis Healthcare Limited | FY20 Full-Year Results Presentation Net Debt and Cash Flow $A millions Maturity Utilised Limit1 Undrawn Cash Flows Facility A Tranche 1A 1-Jul-22 137.5 137.5 - ► Net cash flows from operating activities of $127.2 Facility A Tranche 1B 1-Jul-23 79.8 137.5 57.7 million (FY19
Slide 11: Capital Expenditure
Regis Healthcare Limited | FY20 Full-Year Results Presentation Capital Expenditure $A millions FY20 Land Acquisition - Toowong, QLD Land acquisition - Toowong 9.0 ► Purchased July 2019 Development - Camberwell (residential aged care) 1.6 ► Council development approval received for 120 bed residentia
Slide 12: Resident Profile
Regis Healthcare Limited | FY20 Full-Year Results Presentation Resident Profile Number of Residents FY19 Incoming1 Outgoing FY20 ► Incoming includes 141 residents as part of RAD 1,898 502 535 1,865 acquisition of LBHA business and assets Combination (RAD/DAP) 793 508 353 948 DAP 238 159 137 260 ► In
Slide 13: Strategy & Growth
Strategy & Growth 12
Slide 14: Portfolio Overview
Regis Healthcare Limited | FY20 Full-Year Results Presentation Portfolio Overview Regis is one of the largest providers of Residential Aged Care in Australia 1 Darwin Key Portfolio Statistics (as at 30 June 2020) 2 Cairns Number of homes: Metro 50 3 Townsville Number of homes: Regional 15 Total numb
Slide 15: Strategy Reset for Current Environment
Regis Healthcare Limited | FY20 Full-Year Results Presentation Strategy Reset for Current Environment Current environment impacted by COVID-19, Royal Commission outcomes and Government response Organic growth strategy largely on hold pending greater certainty of investment returns Key focus remains
Slide 16: Aged Care Developments
Regis Healthcare Limited | FY20 Full-Year Results Presentation Aged Care Developments Regis’ Greenfield developments and extensions program Provisional Net Allocation & New Additional Club Land Development Licences in Development State Places Places Services Held Approval Hand Update ► On hold Regis
Slide 17: Environmental, Social and Governance (ESG)
Regis Healthcare Limited | FY20 Full-Year Results Presentation Environmental, Social and Governance (ESG) Regis maintains a key focus on its ESG impact ► Solar and LED projects completed resulting in 4% reduction in emissions and usage Environmental ► Waste management programs planned for FY21 ► Con
Slide 18: Industry Update & Outlook
Industry Update & Outlook — Db ee regis healthcare 17
Slide 19: Aged Care Industry Update
Regis Healthcare Limited | FY20 Full-Year Results Presentation Aged Care Industry Update Key Industry Issues Impact for Regis ► Regis supports the Royal Commission and the Government in relation to any measures that mean senior Australians are able to consistently receive quality aged Royal Commissi
Slide 20: Events Subsequent to Balance Date
Regis Healthcare Limited | FY20 Full-Year Results Presentation Events Subsequent to Balance Date COVID-19 Outbreaks ► Regis has experienced COVID-19 outbreaks at several of its Victorian homes during the second wave of the virus (refer page 3 for details). The Company immediately implemented its Out
Slide 21: Outlook
Regis Healthcare Limited | FY20 Full-Year Results Presentation Outlook Performance ► Regis will continue to maintain excellent resident care standards and optimise business performance despite the difficult challenges faced by the industry ► Planned business performance improvements are focussed on
Slide 22: Questions
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Slide 23: Appendices
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Slide 24: Appendix A: Income Statement
Regis Healthcare Limited | FY20 Full-Year Results Presentation Appendix A: Income Statement Reported Reported $A millions FY20 FY196 Revenue from Services Government revenue 471.1 452.3 Resident revenue 195.0 183.2 Other revenue 11.8 11.4 Revenue from Services 677.9 646.9 Other income1 62.8 9.4 Less
Slide 25: Appendix B: Statement of Financial Position
Regis Healthcare Limited | FY20 Full-Year Results Presentation Appendix B: Statement of Financial Position Reported Reported $A millions Jun 20 Jun 191 Cash and cash equivalents 3.8 1.8 Trade and other receivables 9.7 10.7 Other current assets 6.2 5.3 Income tax receivables 8.3 6.4 Total current ass
Slide 26: Appendix C: Cash Flow Statement
Regis Healthcare Limited | FY20 Full-Year Results Presentation Appendix C: Cash Flow Statement Reported Reported $A millions FY20 FY191 Cash flows from operating activities Receipts from customers and Government subsidies 666.3 640.6 Payments to suppliers and employees (584.5) (527.5) Operational ca
Slide 27: Appendix D: Reported To Underlying Results Reconciliation
Regis Healthcare Limited | FY20 Full-Year Results Presentation Appendix D: Reported To Underlying Results Reconciliation Full-year ended 30 June 2020 Revenue from $A millions Services EBITDA NPBT NPAT FY20 Reported results 677.9 125.4 12.1 3.8 Non-cash goodwill impairment charge - 20.6 20.6 20.6 Roy
Slide 28: Appendix E: RAD and Bond Pool
Regis Healthcare Limited | FY20 Full-Year Results Presentation Appendix E: RAD and Bond Pool $A millions - Summary of Movements FY20 FY19 Opening RAD / Bond balance 1,085.0 946.4 Steady homes-refunds (248.8) (228.0) Steady homes-inflows 231.5 241.5 Ramp-Up homes-refunds (60.6) (35.8) Ramp-Up homes-i
Slide 29: Appendix F: AASB 16 Leases
Regis Healthcare Limited | FY20 Full-Year Results Presentation Appendix F: AASB 16 Leases AASB 16 Leases became effective on 1 July 2019 requiring operating lease agreements to be recognised on balance sheet ► On adoption of AASB 16 Leases, the Group has recognised: • depreciation and interest expen
Slide 30: Appendix G: Definitions of Non-IFRS Financial Measures
Regis Healthcare Limited | FY20 Full-Year Results Presentation Appendix G: Definitions of Non-IFRS Financial Measures FY19 means full-year ended 30 June 2019 FY20 means full-year ended 30 June 2020 FY21 means full-year ended 30 June 2021 Capital expenditure represents payments for property, plant an
Slide 31: Important Information
Regis Healthcare Limited | FY20 Full-Year Results Presentation Important Information This Presentation contains the summary information about the current activities of Regis Any forecasts or other forward-looking statements contained in this Presentation are Healthcare Limited and its controlled ent