Australian Unity Ltd · ASX:AYUPA
Australian Unity — H1 FY2025 Earnings Presentation
30 slides from Australian Unity's earnings presentation, Feb 26, 2025
Slide 1: ASX Announcement
ASX Announcement 26 February 2025 Australian Unity Limited – Half-Year Investor Update Please find attached Australian Unity Limited’s Investor Update relating to the financial results for the half-year ended 31 December 2024. -end- This announcement has been authorised for release by: The board of Au
Slide 2: Investor update
Australian Unity Limited Investor update Financial results for the half-year ended 31 December 2024
Slide 3: Investor presentation teleconference invitation
Australian Unity Limited is pleased to invite Date Thursday 27 February 2025 you to our investor presentation teleconference for the half-year ended 31 December 2024 Time 9:30am to 10:30am AEDT Registration: To access the teleconference participants must register in advance via the link below: https
Slide 4: Important information
Important information This notice applies to all information provided as a part of this presentation AUL makes no representation or warranty, express or implied, regarding including, without limitation, these slides, associated presentations and the fairness, accuracy, completeness, correctness or r
Slide 5: Acknowledgement of Traditional Owners
Australian Unity acknowledges the Traditional Owners of the lands and waters within Australia and recognises the important connection to Country that Aboriginal and Torres Strait Islander peoples have. AUL HY2025 Investor presentation 4
Slide 6: Agenda and presenters
Agenda and presenters 1. Overview and Group highlights 2. Business results 3. Summary and outlook Rohan Mead Darren Mann Group Managing Director and CEO Group Executive - Finance & Strategy and Chief Financial Officer AUL HY2025 Investor presentation 5
Slide 7: Overview and Group highlights
Overview and Group highlights AUL HY2025 Investor presentation 6
Slide 8: Overview of Australian Unity
Overview of Australian Unity Established in 1840, we are Australia’s first wellbeing company, with more than 370,000 members, over 700,000 customers, and more than 9,500 employees As a social enterprise and mutual, our purpose is to positively impact the wellbeing of millions Our purpose Our organis
Slide 9: Australian Unity Wellbeing Index
Australian Unity Wellbeing Index The external circumstances the company operated under, were evidenced in the 2024 results of the Australian Unity Wellbeing Index. The 2024 study found that satisfaction with life in Australia has hit a record low, with younger Australian adults feeling the brunt of
Slide 10: Transformation agenda - stages of implementation
Transformation agenda - stages of implementation Transformation commenced in FY2023 and will continue to progress through to FY2026 Transformation process Pre FY2023 Current state Aspiration • 180+ year history of delivering • Targeted investment to accelerate • Portfolio of commercially products an
Slide 11: HY2025 operational review
HY2025 operational review In the six months to 31 December 2024, the Group: • Continued to progress our multi-faceted transformation and integration program, and further strengthened our position as one of Australia’s leading Health, Wealth and Care businesses • Progressed strategic portfolio adjust
Slide 12: Transformation agenda - progress
Transformation agenda - progress FY2024 priorities HY2025 progress Strategic programs and investment Portfolio optimisation • Australian Unity Bank Limited signalled the sale of its banking business to Bank Australia Limited. Transfer is • Continued to reorganise and optimise business platforms • Ac
Slide 13: Business results
Business results AUL HY2025 Investor presentation 12
Slide 14: HY2025 financial summary
HY2025 financial summary HY2025 HY20241 Change Key financial statistics ($m) ($m) ($m) Revenue and other income from continuing operations 1,322.3 979.3 343.0 Expenses from continuing operations, excluding financing costs (1,202.9) (884.4) (318.5) Adjusted EBITDA2 from continuing operations 58.0 44.
Slide 15: HY2025 key metrics
HY2025 key metrics 160 1 Adjusted EBITDA ($m) 140 HY1 HY2 120 100 83.9 80 29.7 61.7 93.1 60 31.2 40 3 60.4 63.4 2 58.0 20 44.6 37.2 1 0 FY2021 FY2022 FY2023 FY2024 FY2025 1 In assessing the performance of its operating business segments, the Group uses a measure of adjusted earnings before interest,
Slide 16: HY2025 key metrics - profit after income tax
HY2025 key metrics 50 Profit after income tax ($m) 40 HY1 HY2 30 30.2 20 26.7 10 15.5 15.0 11.7 6.2 1.4 - FY2021 FY2022 FY2023 FY2024 FY2025 (10) (7.4) 2 (24.1) (20) (30) AUL HY2025 Investor presentation Figures at 31 December 2024, unless otherwise noted 15
Slide 17: HY2025 segment earnings
HY2025 segment earnings 1 Adjusted EBITDA from continuing operations ($m) HY2024 HY2025 40 35.4 35 2 31.9 31.2 30 28.3 24.0 25 20.0 20 18.7 16.0 15 10 5 0 Home Health Residential Aged Care Retail Wealth & Capital Markets 1 In assessing the performance of its operating business segments, the Group us
Slide 18: Gearing analysis and interest cover
Gearing analysis and interest cover 60.0% Covenant gearing ratio 800 Interest cover ratio1 9.00 700 8.00 50.0% 600 7.00 Debt Capacity ($m) 40.0% 6.00 500 Gearing Ratio 5.00 30.0% 400 4.00 300 20.0% 3.00 200 2.00 10.0% 100 1.00 0.0% 0 - Jun-21 Dec-21 Jun-22 Dec-22 Jun-23 Dec-23 Jun-24 Dec-24 Jun-21 D
Slide 19: Building balance sheet flexibility and resilience
Building balance sheet flexibility and resilience Retirement Village Investment Notes Debt Maturity Profile - FY2025 onwards ($m) 1 500 (repaid) AUL Bonds (repaid) 450 Undrawn Development Loan 400 Drawn Development Loan 350 Other external loans 300 250 Undrawn Revolving Loan 50 469 200 AUL Bonds Tot
Slide 20: Home Health
Home Health AUL HY2025 Investor presentation 19
Slide 21: Home Health
Home Health The platform provides a range of in-home health services across both community and virtual settings Highlights • Segment revenue growth was attributable to the operationalisation of the FY2024 acquisition of myHomecare Group Adjusted EBITDA ($m) (MHC) HY2024 HY2025 • Recorded a strong fi
Slide 22: Residential Aged Care
Residential Aged Care AUL HY2025 Investor presentation 21
Slide 23: Residential Aged Care
Residential Aged Care The platform owns, operates and develops aged care services across 12 facilities in New South Wales, Victoria and Queensland Highlights • Solid revenue growth primarily driven by higher resident numbers following the successful sale of new Adjusted EBITDA ($m) rooms at The Alba
Slide 24: Retail
Retail AUL HY2025 Investor presentation 23
Slide 25: Retail
Retail The platform brings together Australian Unity’s private health insurance (PHI), banking business and distribution of general insurance products Highlights Continuing Operations • On 6 November 2024, Australian Unity Bank Limited signed an agreement to transfer its banking business Adjusted EB
Slide 26: Wealth & Capital Markets (W&CM)
Wealth & Capital Markets (W&CM) AUL HY2025 Investor presentation 25
Slide 27: W&CM
W&CM The platform comprises funds management, social infrastructure, retirement living, investment bonds and trustees businesses Highlights • The total segment revenue and Adjusted EBITDA increase over the prior corresponding period largely related to Adjusted EBITDA ($m) profit on the divestment of
Slide 28: Summary and outlook
Summary and outlook AUL HY2025 Investor presentation 27
Slide 29: Summary and outlook
Summary and outlook • Our focus for FY2025 is to progress successfully the transformation of our portfolio and its operational integration • Transformation is designed to support underlying cash earnings with further planned improvements in FY2026 Organisational focus and pillars Our focus for FY202
Slide 30: Australian Unity, Real Wellbeing
Australian, Real Wellbeing