Oceania Healthcare Ltd. · NZX:OCA
Oceania Healthcare — FY2025 Earnings Presentation
21 slides from Oceania Healthcare's earnings presentation, Jun 23, 2025
Slide 1: Results presentation for the year ended FY25
Results presentation for the year ended FY25 23 June 2025 Suzanne Dvorak Kathryn Waugh
Slide 2: Agenda
Agenda • Welcome • Performance Overview • Trading Results and Portfolio Outlook • Strengthening the Foundations • Q&A Session • Meadowbank Introduction and Site Walkthrough • Afternoon Tea 1
Slide 3: Operational highlights
Operational highlights Solid progress in sales execution was demonstrated, and an operating model optimisation programme was initiated to improve investor returns. • Total new sales volumes at The Helier increased 100% from FY24, with 24 apartments and care suites sold in FY25 • Total development ca
Slide 4: Strategic sales focus
Strategic sales focus Additional tools outside of pricing adjustments to increase sales volumes. Sales focus Impact 9.2% 17.2% Alignment: accountability, alignment and increase in total sales increase in new sales appropriate sales incentives for the sales volumes YoY volumes YoY team Increases in n
Slide 5: Portfolio direction
Portfolio direction The portfolio's evolution from IPO reflects a strategic shift focused on growth and modernisation. Since IPO in 2017, 88% of sites in the Oceania portfolio have been redeveloped or acquired, resulting in a new modern portfolio % of sites developed or acquired since IPO (by valuat
Slide 6: Strengthening the foundations: progress update
Strengthening the foundations: progress update At HY25, we set clear near term objectives for the business which have been achieved. Priorities FY25 Performance Focus for FY26 • Total sales volumes up 9% on FY24 • Continue improving sales cadence at sell down sites Sales • New sales up 17%, resales
Slide 7: Strengthening the foundations: cost out programme
Strengthening the foundations: cost out programme An Enhancement Plan is in place to improve both operational and financial efficiency during FY26 and supporting strategic priorities. Overview Optimisation of the operating model Oceania has launched a company wide programme to improve both financial
Slide 8: Strengthening the foundations: before launching the strategy
Strengthening the foundations: before launching the strategy We’re focused on executing our near term enhancement plan, strengthening our core ahead of full strategy rollout. FY26 Enhancement Plan Strategy - Scale for Growth Execute on operational optimisation plan - $15 - $20m cost savings Our five
Slide 9: Financial Results and Portfolio Outlook
Financial Results and Portfolio Outlook Kathryn Waugh Chief Financial Officer 8
Slide 10: Financial summary
Financial summary Oceania delivered a solid financial result in FY25 with an increase in underlying EBITDA and sales volumes, despite market conditions. Delivering to strategy Underlying EBITDA1 ORA Receipts Operating Cashflow $86.0m $294.5m $110.3m Increase of Increase of Increase of 4.1% 30.1% 6.7
Slide 11: Trading results
Trading results Underlying EBITDA1 increased 4.1% despite continuing to divest, driven by a 22.6% increase in capital gains. Village capital gains are strong while care costs reduce Key themes Underlying EBITDA increased 4.1% despite a reduction in Underlying EBITDA1 Care premiumisation operating re
Slide 12: Stock update
Stock update Sell down of new stock remains a key focus for Oceania. Key stock movements since FY24 Our development stock will be used to repay development debt • Total unsold stock (including resale stock) of $392m, vs $396m at Mar-241 c. $120m of development stock added during FY25 • $104m of deve
Slide 13: Future cash recycling
Future cash recycling Oceania’s debt is primarily development related, supported by current and future new sales stock, providing a clear path to debt repayment. In aggregate we have $146m of asset coverage to our current development related debt. Development debt from completed (but not yet fully r
Slide 14: Oceania landbank
Oceania landbank Oceania’s landbank currently includes 23.5ha of development land adjoining existing villages. Providing optionality to further develop as market conditions improve. Some key land banks are listed below. Villa Developments High Density Developments Elmwood, Auckland Bream Bay, Ruakak
Slide 15: Sustainability and Climate
Sustainability and Climate Sustainability underpins Oceania’s strategic pillars, and we are committed to integrating thinking across the business. Environment E Social S Green star ILU developments: All new ILU developments are Finalist in Sustainability Leadership Deloitte Top 200 continuing to be
Slide 16: Meadowbank Introduction and Site Walkthrough
Meadowbank Introduction and Site Walkthrough Ross Reddy Regional Operations Manager 15
Slide 17: Meadowbank's Market & Resident Demographics
Meadowbank’s Market & Resident Demographics 2023 Census Data: • 16% of Meadowbank’s population is 65+ • 47% are 30-64 Median property price: $1.55M Top reason for choosing Meadowbank: Proximity to children & grandchildren Meadowbank Village Demographics: • 98 residents (43%) are over 85 • 39 residen
Slide 18: Redevelopment of Meadowbank: Then & Now
Redevelopment of Meadowbank: Then & Now Then: Underutilised & Unsustainable A Strategic Redevelopment Recognising the increasing demand for premium, integrated retirement living, Meadowbank underwent a phased redevelopment to create a financially sustainable, full-continuum-of-care village. Now: A F
Slide 19: Meadowbank Today
Meadowbank Today The opening of the Dementia Building marks the sixth and final stage of a 15 year modernisation journey for Meadowbank Village. Build cost c. $26m Meadowbank 40 Dementia beds Auckland Completed in May-25 • The dementia development concludes the sixth and final stage of a key integra
Slide 20: Q&A
Q&A Suzanne Dvorak – Chief Executive Officer Kathryn Waugh – Chief Financial Officer Ross Reddy – Regional Operations Manager 19
Slide 21: Site Walkthrough
Site Walkthrough Ross Reddy Regional Operations Manager 20