Eureka Group Holdings Limited · ASX:EGH
Eureka — FY2019 Earnings Presentation
14 slides from Eureka's earnings presentation, Sep 4, 2019
Slide 1: Investor Presentation
Investor Presentation Year ended 30 June 2019 September 2019
Slide 2: Disclaimer
Disclaimer 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 liability express or imp
Slide 3: Contents
Contents FY 2019 Highlights 4 Eureka Business Model 6 Eureka Strategy 7 FY 2020 Initiatives and Outlook 8 Board and Executive 9 Appendix – Key Financial Information 10 3
Slide 4: FY2019 Highlights
FY2019 Highlights • NPAT of $6.79M, up from a prior year loss of $0.28M • EBITDA from core operations of $7.83M (prior to asset revaluations). An 11% improvement on FY18 • Operating cashflow $4.75M. Up 13% on FY18 • Dividend 1c unfranked – commencement of a dividend to shareholders demonstrates the
Slide 5: FY2019 Highlights (cont.)
FY2019 Highlights (cont.) • Management Team – the appointment of a new Chief Financial Officer (CFO) and Chief Operating Officer (COO) has strengthened the management team with renewed leadership focus on business and operational improvement • Capital recycling and disposal on non-core assets of $5.
Slide 6: Eureka Business Model
Eureka Business Model ✓ Owner/Operator of independent rental accommodation with a focus on independent retirees who are completely or primarily supported by the Australian Government pension 39 ✓ Target market represents a significant portion of the growing 19 retirement population 7 ✓ Objective to
Slide 7: Eureka Strategy
Eureka Strategy FY21 Accelerate The Business Growth + Scaling Momentum Acquisitions/Disposals – Recycle Capital Maintain Momentum Full Benefits Of Cost Initiatives and Product improvement Occupancy to flow from FY20 RESET THE OPERATING PLATFORM Occupancy, Team Culture & Safety, Risk & Information Ap
Slide 8: FY2020 Initiatives and Outlook
FY2020 Initiatives and Outlook • Recommence acquiring and scaling the business (acquisition and development of existing assets) • Continuous product improvement to maintain high occupancy and grow rental income • Fully integrate finance and operations systems to capture efficiencies and facilitate c
Slide 9: Board and Executive
Board and Executive ✓ Experienced Board in Financial Management, Governance, Health and Property ✓ Russell Banham appointed to the Board and chair of the Audit & Risk Committee during FY19 ✓ Ms Tracey Campion’s (CFO) appointment 21 January 2019 and Mr Cameron Taylor’s (COO) appointment 18 March 2019
Slide 10: Appendix
4 /f\ \S “Group HOLDINGs Appendix
Slide 11: Key Financial Information
Key Financial Information The table below summarises the results for the year ended 30 June 2019 ($’000) 30-Jun-19 30-Jun-18 • Improved revenue from core 15,674 operations due to solid occupancy Rental income 15,847 and additional service fees Catering income 4,257 4,274 Service and caretaking incom
Slide 12: Key Financial Information (cont.)
Key Financial Information (cont.) The table below summarises the balance sheet at 30 June 2019 ($’000) 30-Jun-19 30-Jun-18 • Reduction in trade and other Assets receivables and inventory due to Cash and cash equivalents 3,060 1,986 partial realisation of Couran Cove Trade and other receivables 1,503
Slide 13: Key Financial Information (cont.)
Key Financial Information (cont.) The table below summarises the cash flows for the year ended 30 June 2019 ($’000) 30-Jun-19 30-Jun-18 • Net cash from core operating Cash Flows from Operating Activities activities remained strong Receipts from customers 23,925 24,439 Payments to suppliers and emplo
Slide 14: Head Office
Head Office ABN 15 097 241 159 Level 2, 7 Short Street, Southport Qld 4215 P: (07) 5568 0205 F: (07) 5302 6605 E: info@eurekagroupholdings.com.au