Ramsay Health Care Limited · ASX:RHC
Ramsay Health Care — Macquarie Emerging Leaders Conference 2004
14 slides from Ramsay Health Care's conference presentation, May 6, 2004
Slide 1: Macquarie Emerging Leaders Conference 2004
Macquarie Emerging Leaders Conference 2004 aa as RAMSAY HEALTH CARE Pat Grier, Managing Director Thursday 6 May 2004
Slide 2: Overview
Overview Second largest operator of private hospitals in Australia and the largest listed operator. Growth prospects are bolstered by: >» Ageing population >» Increase in private health insurance membership Proven management track record Quality and strategic positioning of assets Diversified payor
Slide 3: Overview — Growth Strategy
Overview — Growth Strategy » Growth strategy >» Organic growth through micro-management > Target lower risk, higher returns through investment in existing hospital portfolio and capacity expansion > Actively investigating growth opportunities within the: « Private hospital sector - Aged care sector
Slide 4: Revenue Growth Time Line
Revenue Growth Time Line Hollywood Alpha Grou major expansion Acquired P Opened July’02 May’01 RHC listed Perth on ASX Veteran Hosp Sept’97 (Hollywood) Privatisation Feb’94 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 Brisbane Veteran a Co-located North Shore Greenslopes Hosp (Greenslopes)
Slide 5: NPAT Growth
NPAT Growth j - 4 ) y FY 2002 FY 2003
Slide 6: Underlying EBIT Growth
Underlying EBIT Growth FY 1999 FY 2000 FY 2001 FY 2002 FY 2003
Slide 7: Earnings per Share
Earnings per Share 2 6 r= wo bn o a n aah 5 o S) 4 4 g 4 8 FY 1999 FY 2000 FY 2001 FY 2002 FY 2003
Slide 8: Occupancy — Patient Days
Occupancy — Patient Days °o (~) 2 Ww) = i) e) + c 2 ez) © cy T T rT T T T T Jun'00 DecO0O Jun'01 Dec'01 Jun'02 Dec'02 Jun'03 Dec'03 Half-year Ended © Inpatients -& Total (Inpatients + Day Patients)
Slide 9: RAMSAY FY 2004 - Interim Financial Performance
ae é RAMSAY FY 2004 - Interim Financial Performance’ Half-year ended 31 December 2002 2003 % Inc Operating Revenue EBITDA EBIT Profit before tax & non-recurring charge NPAT before non-recurring charge Non-recurring charge NPAT EPS (cents/share) 14.4 -¢ 14.6.¢ Underlying EPS (cents/share) 14.4.¢ 16.3
Slide 10: Private Hospital Industry Status
Private Hospital Industry Status 30% rebate; bi-partisan support — Labour’s attitude to private health Health Insurance outlook >» Membership >» Negotiations Cost containment — nurse wage increases and shortages Medical indemnity insurance - tort law reform Industry outlook in the short-medium term
Slide 11: Aged Care Industry
Aged Care Industry a» Why diversify into aged care? » Ageing population, growing demand; particularly for high quality service » Secure income stream » Fragmented industry provides opportunity for rationalisation » Close to core competencies a Understanding industry dynamics > Cautious approach « Ap
Slide 12: Aged Care — Grow
Aged Care — Grow « Active investigation of acquisition opportunities » Allocated 186 new residential places bringing the total number of places to 206 » Greenfield sites to be developed to open places to the community, within 2 years >» Greenslopes, Qld » Chermside, Qld » Coffs Harbour, NSW » Purcha
Slide 13: Outlook
Outlook Strategic position of RHC hospitals expected to keep demand strong against a slight industry softening Focus on cost containment and growing business Benefits of expansion program continue to contribute to earnings — Greenslopes, Lake Macquarie Barring unforeseen circumstances, comfortable w
Slide 14: Questions
aa as RAMSAY HEALTH CARE Questions
Ramsay Health Care — Macquarie Emerging Leaders Conference 2004 on 6ix