Ramsay Health Care Limited · ASX:RHC
Ramsay Health Care — Shareholder Meeting (November 2005)
21 slides from Ramsay Health Care's shareholder meeting presentation, Nov 22, 2005
Slide 1: Annual General Meeting 22 November 2005
y 7 7 Mei ee iG. - L ee - LENDER NNN TATA NTMI ANNUAL GENERAL MEETING 22 November 2005
Slide 2: Chairman
au 4 RAMSAY CHAIRMAN HEALTH CARE NE RISO I ROSES III oes ae ae ate none ea Nemes I) e Year of transition, Affinity acquisition doubles size of company e Affinity acquisition most exciting development in Ramsay history - welcomed by share market and industry e Private hospital industry offers strong
Slide 3: Highlights
ue ans RAMSAY HEALTH CARE EOS OSI EIS I EC rec e Core NPAT up 27% to $54.1m e Group revenue up 88% to $1,442.8m e Group EBITA up 62% to $125.8m e Core EPS of 39 cps, up 18% e Final dividend 11.5cps, fully franked, full year dividend to 20cps, up 14% e Dividend reinvestment plan reinstated
Slide 4: FY2005 Results
RAMSAY FY2005 RES! HEALTH CARE CN TOSS OSES I REIS IO SS ree e Core net profit up 21% to $51.8m e Revenue up 44% to $1.1bIn > Excluding Benchmark revenue rose 12.3% e EBITA up 25% to $96.8m >» Excluding Benchmark EBITA rose 11% e EBITA margin (excluding Benchmark) holding at 10%, despite dilution fr
Slide 5: Core Net Profit Growth - Target Exceeded
RAMSAY CORE NET PROFIT GROWTH- TARGET § EXCEEDED - HEALTH CARE = RHC (existing business) = Affinity ( acq AprO5)
Slide 6: Core EPS Growth
Ba a RAMSAY HEALTH CARE FY2000 FY 2001 FY 2002 FY 2003 FY 2004 Fy 2005 e Core EPS up 18% for the year e Average annual compound growth rate over 5 years of 37.6% (base year FY 2000) 6
Slide 7: Dividends
RAMSAY DIV] HEALTH CARE Cents/Share = Interim Dividend % Final Dividend * Dividend fully franked e 2005 full year dividend up 14%
Slide 8: Ramsay's Strategy
RAMSAY RAMSAY'S HEALTH CARE EEO SSS SS Ea cS Focus on management of core hospital business » Underwrites strong organic growth Growth through investing in brownfield development >» Higher return on investment >» Expands capacity >» Enhances portfolio Grow through acquisitions in the hospital sector
Slide 9: Company growth history and acquisitions
RAMSAY HEALTH CARE Divestinent $m Affinity Acquired Hospitals Apr'05 | 2,400 4 5 Ellis Aged Care 2,200 + Facilities Acq Feb’05 4 Hollywood Veteran 000 * Perth acquired & pventeelteie 1,800 + privatised Jan’94 Greenslopes Major 1,600 + Greenslopes Veteran Expansion Opened May‘03 Brisbane acquired & 7
Slide 10: The New Ramsay
Be a ae x RAMSAY THE HEALTH CARE ee _ -___s—Ee=F_"="e-=LF|:—||__~_-_-=,__ —_= = ePremier private hospital portfolio in Australia, annual revenue in excess of $2 billion e Hospital Portfolio (post divestments) to have around Reds share (based on number of hospital eds » 72 hospitals and clinics (incl
Slide 11: New Ramsay Pro Forma Revenue by Division and State
an Boe — RAMSAY NEW RAMSAY R HEALTH CARE Pro Forma Revenue by Division Pro Forma Revenue by State Rehab SA Psychiatric yn 2% soon 4% ul ‘0 Veteran 14% CALA AN AUN NN SN MA Sh A a, Med/Surg Other 60% 11
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Slide 13: New Ramsay Quality Portfolio
RAMSAY HEALTH CARE NEW RAMSAY QUALITY PORTFOLI' St George Private Hospital 206 beds 315 FTE staff 10 theatres High level medical/surgical and maternity facility Collocated with St George Public in Kogarah, Sydney, NSW John Flynn Private Hospital e 269 beds 568 FTE staff 7 theatres High level medical
Slide 14: Greenslopes and North Shore Private Hospitals
RAMSAY HEALTH CARE Greenslopes Private Hospital North Shore Private Hospital e 562 beds e 176 beds e 1304 FTE staff e 433 FTE staff e 14 theatres (from May 2006) ¢ 8 theatres e Largest private hospital in Australia ¢ High level medical/surgical and e Awarded best private hospital 2004 maternity faci
Slide 15: Hollywood and Warringal Private Hospitals
raMSAY NEW RAMSA\ HEALTH CARE LIISA LIOR IEEE EIEIO SEED EIEIO OO Hollywood Private Hospital Warringal Private Hospital e 430 beds e 145 beds e 847 FTE staff e 200 FTE staff e High level medical/surgical facility e High level medical/surgical facility e Former Repatriation facility — located e Speci
Slide 16: Joondalup Health Campus and Westmead Private Hospital
ais RAMSAY NEW RAMSAY - HEALTH CARE ma aaa aanaaaaonr Joondalup Health Campus 379 beds * 826 FTE staff * high level medical/surgical/maternity * campus includes public and private facilities collocated * relatively new facility located in growth corridor of Perth, WA Westmead Private Hospital . 136
Slide 17: Ramsay Affinity
aE j RAMSAY AFFINITY HEALTH CARE ISS OSS I EIS I RRS OR e Premier Australian private hospital portfolio e Enhances Ramsay’s ability to take advantage of growing demand for private hospital services e Upside through application of key elements of Ramsay successful business model to the Affinity portf
Slide 18: Hospital sales and Affinity integration update
RAMSAY HEALTH CARE Sale of 14 hospitals to Healthscope 1 November 2005, strong price realised Divestment process for additional 5 hospitals underway, aim to execute sale by year end Affinity integration successfully underway New Ramsay building a platform for continuing solid growth, and upside from
Slide 19: Affinity growth phases
ag ais RAMSAY HEALTM CARE e Affinity acquisition enhances Ramsay’s long- term growth potential — 1st Phase - Acquisition synergies > Integration » Economies of Scale ~ 2"¢ Phase - Upside through value-added management, margin improvement — 3™ Phase - Brownfield capacity expansion » Future industry c
Slide 20: Outlook and FY2006 targets
ue ans RAMSAY HEALTH CARE e First 4 months of FY2006 on track for year target e FY2006 target post-divestments: > Core net profit growth expected to be significantly higher than last year due to Affinity contribution > But targeting low double-digit core EPS growth (after payment of CARES dividend)
Slide 21: Questions
io a ei a a eel Hii) See i ep PAM 2 Ge Mei ee Questions
Ramsay Health Care — Shareholder Meeting (November 2005) on 6ix