Ramsay Health Care Limited · ASX:RHC
Ramsay Health Care — Shareholder Meeting (November 2000)
12 slides from Ramsay Health Care's shareholder meeting presentation, Nov 21, 2000
Slide 1: Ramsay Health Care Limited Annual General Meeting - 21 November 2000
Ramsay Health Care Limited Annual General Meeting - 21 November 2000
Slide 2: Chairman's Overview
Chairman’s Overview ! Improved private health care environment ! A turn around year for Ramsay Health Care ! Mildura opened 19 September 2000 and running according to plan ! Dividend maintained at 7.4 cents ! Significant improvement in profit predicted next year RAMSAY HEALTH CARE LIMITED
Slide 3: Review of FY 1999 / 2000
Review of FY 1999 / 2000 A turn around year ! Took the hard decisions on cost controls ! Strong performance by established hospitals ! Focus on improving performance of co-located hospitals ! Withdrew from a number of new projects RAMSAY HEALTH CARE LIMITED
Slide 4: Financial Performance
Financial Performance ! Group revenue up 26% ! Revenue from established hospitals up 11% ! Group EBIT up 15% ! EBIT from established hospitals up 24% ! EBIT margin for established hospitals up to 13% ! 10% increase in NPAT after abnormals to $6.6 million RAMSAY HEALTH CARE LIMITED
Slide 5: Financial Performance
Financial Performance Year Ended 30 June 2000 $M Established Co-Located Total Hospitals Hospitals 1999 2000 1999 2000 1999 2000 Operating Revenue 232.7 257.7 27.2 70.5 259.9 328.2 EBITDA 40.1 47.3 1.7 4.3 41.8 51.6 Depreciation (12.2) (12.9) (2.8) (7.9) (15.0) (20.8) EBIT 27.9 34.4 (1.1) (3.6) 26.8
Slide 6: Key Objectives
Key Objectives ! Forecast significant profit improvement – First quarter EBIT and NPAT significantly ahead of last year ! Concentrate on improving performance of co-located hospitals RAMSAY HEALTH CARE LIMITED
Slide 7: Current Trading
Current Trading 3 Months ended 30 September 2000 Last Year This Year Increase $M $M % Revenue 82.0 90.7 11% EBIT 8.6 9.6 12% NPAT 2.7 3.5 30% Occupancy 77.5% 82.4% 6% RAMSAY HEALTH CARE LIMITED
Slide 8: Co-located Hospitals
Co-located Hospitals ! North Shore Private Hospital – Improved Health Fund reimbursement – High occupancy - better utilisation – Continued efficiencies ! Flinders Private Hospital – Conditional sale, contracts exchanged – Sale process nearing finalisation RAMSAY HEALTH CARE LIMITED
Slide 9: Environment
Environment ! Significant and sustainable improvement - Federal bipartisan support ! 50% increase in Health Fund membership ! $1.6 billion additional revenue to Health Funds RAMSAY HEALTH CARE LIMITED
Slide 10: Ramsay's Strategic Position
Ramsay’s Strategic Position ! Increase in consumer demand for premium health care ! Strength of well-positioned hospitals ! Health Funds responding better with increased reimbursements RAMSAY HEALTH CARE LIMITED
Slide 11: Ramsay Health Care Outlook
Ramsay Health Care Outlook ! Continuing management focus on – Improving profitability of co-located hospitals – Mildura Base Hospital – Operating efficiencies ! Targeting capital expenditure to areas of higher return ! Forecasting significant profit improvement for next year RAMSAY HEALTH CARE LIMIT
Slide 12: Ramsay Health Care Limited Annual General Meeting - 21 November 2000
Ramsay Health Care Limited Annual General Meeting - 21 November 2000
Ramsay Health Care — Shareholder Meeting (November 2000) on 6ix