Eureka Group Holdings Limited · ASX:EGH
Eureka — FY2015 Earnings Presentation
22 slides from Eureka's earnings presentation, Sep 9, 2015
Slide 1: Year End Investor Update
Eureka Group Holdings Limited Year End Investor Update For personal use only 8 September 2015
Slide 2: Company Overview
Company Overview For personal use only Eureka Group Holdings Limited (“Eureka”) is an ASX listed company (ASX: EGH) focused on the following: 1) Providing quality and affordable rental accommodation for seniors and disability pensioners living independently in a friendly, safe and well managed envir
Slide 3: Income Statement, Year ended 30 June 2015
Income Statement Year ended 30 June 2015 For personal use only The table below is the summary of the results for the year ending 30 June 2015 compared with the results from the prior financial year: ($'000) FY2014 FY2015 $ Change % Change Key Points Total revenue 10,662 12,212 1,550 15% • Revenue an
Slide 4: Balance Sheet, Year ended June 2015
Balance Sheet Year ended 30 June 2015 For personal use only The table below is the summary of the balance sheet at 30 June 2015 compared with the comparative financial year: ($'000) 30 June 2014 30 June 2015 Key Points Assets Cash and cash equivalents 1,285 5,154 • Healthy balance sheet to pursue an
Slide 5: Village Acquisitions
Village Acquisitions For personal use only During the 30 June 2015 financial year the Group acquired 9 seniors rental villages, 5 manager’s units, a communal village hall and 2 management rights. This is consistent with Eureka’s growth strategy to acquire high performing villages and associated mana
Slide 6: Share Price & Capital Raising Utilisation
Share Price & Capital Raising Utilisation For personal use only The graphs below outlines the improvement in the share price along with the utlisation of capital raisings to fund village acquisitions: Page 6
Slide 7: EBITDA Pro Forma Annualised Basis
EBITDA Pro Forma Annualised Basis For personal use only The three village acquisitions announced since 1 July 2015 (Mt Gambier, Rockhampton & Bowen) are expected to contribute an additional $0.99m to Eureka’s EBITDA on an annualised basis. $6.99m Page 7
Slide 8: July 2015 Summary & Outlook
July 2015 Summary & Outlook For personal use only Eureka is on track to deliver strong growth in FY2016 and accelerate its “buy and build” growth strategy and become the largest owner/operator of regional seniors rental villages in Australia within the next 12 months. Trading update for July 2015: •
Slide 9: Rental Villages: About The Industry
Rental Villages About The Industry For personal use only There are over 2,270 facilities catering for aged accommodation across Australia, with approximately 184,000 residents. The number of residents is expected to increase to around 382,000 by 2025 which is more than double the number of resid
Slide 10: Rental Villages: The Eureka Way Of Operating
Rental Villages The Eureka Way Of Operating For personal use only Eureka has recognised that our Village Managers on the ground are our greatest asset for ensuring customer satisfaction and high occupancy. Caring for and living with residents and their constant need for moral support is a situat
Slide 11: Our Market: Market Size - Population
Our Market Market Size - Population For personal use only Of the 2.34m people receiving a pension, 2.01m people receive a full government pension. All Eureka villages have strong enquiry driven by demand from an increasing aging population. Rental is the most affordable and often the only option
Slide 12: Our Market: Market Size - Population
Our Market Market Size - Population For personal use only Property Council of Australia reports have identified a “tsunami” of Australian’s approaching retirement as highlighted in the graph to the left. A significant portion of this population will be forced to seek rental accommodation in reti
Slide 13: Our Market: Cottage Industry
Our Market Cottage Industry For personal use only Around 1,750 villages in Australia. Approximately 60 only villages managed by corporatised entities. Balance owned - managed by owner operators/single strata title structures. Powerful demand trend driven by significant growth in seniors popu
Slide 14: Our Market: Buy & Build Potential
Our Market Buy & Build Potential For personal use only Highly fragmented market. Consolidation opportunities. Limited competition offering affordable solutions. Attractive Demographic trends underpin long term demand. Stable earnings, positive rental growth year-on-year. Market Recurring
Slide 15: Summary
Summary For personal use only Eureka is focused on providing affordable rental accommodation for seniors living independently in Australia. Eureka’s goal to be largest owner/operator of regional seniors rental villages in Australia. Clear strategy in place to grow the number of properties Eure
Slide 16: Contact Details
Contact Details For personal use only Robin Levison Chairman Phone: (07) 5568 0205 Email: robin.levison@eurekagroupholdings.com.au www.eurekagroupholdings.com.au Page 16
Slide 17: Appendix
Appendix For personal use only Appendix 1: The Rental Model Appendix 2: Our Resident Experience Appendix 3: Top 20 Shareholders Appendix 4: Village Locations Page 17
Slide 18: Our Model - Why Rental?
Appendix 1 Our Model - Why Rental? For personal use only The table below is a comparison of the Eureka model against other models in the market from the perspective of a typical resident: - Use their savings/superannuation of $300,000 to move into a DMF village. Case Study 1 - Repay the DMF on avera
Slide 19: Our Resident Experience
Appendix 2 Our Resident Experience For personal use only Eureka strives to make our resident’s experience comfortable, friendly supportive and independent. 49sqm self contained units. Freshly prepared meals each day. Live in onsite manager. Emergency monitoring. Social and wellbeing progra
Slide 20: Shareholders – Top 20
Appendix 3 Shareholders – Top 20 For personal use only The table below is a snapshot of the top 20 shareholders as at 24 August 2015: Rank Name Shares held % Held 1 Lachaln McIntosh (through controlled entities) 12,646,166 6.72% 2 Robin Levison (through controlled entities) 12,349,608 6.57% 3 Nation
Slide 21: Village Location – By State
Appendix 4 Village Location – By State For personal use only NT QLD 14 WA SA 6 NSW 3 ACT VIC 2 TAS Page 21
Slide 22: Disclaimer
Disclaimer For personal use only NO responsibility for contents of Presentation To the maximum extent permitted by law, Eureka Group Holdings Limited (ABN 15 097 241 159). its officers, advisers and representatives: • make no representation, warranty or undertaking, and accept no responsibility or l