Ryman Healthcare Ltd. · NZX:RYM
Ryman Healthcare — FY2012 Earnings Presentation
35 slides from Ryman Healthcare's earnings presentation, May 17, 2012
Slide 1: Annual Results Briefing
Annual Results Briefing 17 May 2012
Slide 2: 2012 Annual Result
2012 Annual Result Dr David Kerr – Chairman Simon Challies – Managing Director Gordon MacLeod – Chief Financial Officer
Slide 3: Underlying Profit
Underlying Profit 90 80 70 60 $ million 50 40 30 20 10 0
Slide 4: Dividend History
Dividend History 9.0 8.0 7.0 cents per share 6.0 5.0 4.0 3.0 2.0 1.0 0.0 (adjusted for share split)
Slide 5: Build Programme
Build Programme now at 700 750 700 650 600 550 volumes pa 500 450 400 350 300 250 200 150 100 50 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Units Beds
Slide 6: Nurse & Resident
Nurse & Resident
Slide 7: Population 75+ rapidly increases
Population 75+ rapidly increases population increase per annum 16,000 12,000 8,000 4,000 0 Source: Statistics NZ
Slide 8: Village of the year
I / RYMAN HEALTHCARE
Slide 9: Share Performance since float
Share Performance since float 3.50 Ryman 3.00 Share Price $* 2.50 2.00 1.50 1.00 0.50 NZSX 50 0.00 * Adjusted for share split
Slide 10: Nurse & Resident
Nurse & Resident
Slide 11: Build Programme
Build Programme now at 700 750 700 650 600 550 volumes pa 500 450 400 350 300 250 200 150 100 50 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Units Beds
Slide 12: Melbourne village locations
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Slide 13: Jane Mander
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Slide 15: Jane Mander
Jane Mander
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Slide 18: Jane Mander
Jane Mander
Slide 19: Jane Mander
Jane Mander
Slide 20: Village development status
Jane Mander Evelyn Page Howick Planning stage Grace Joel Edmund Hillary Construction activity Bob Owens Completed village Hilda Ross Kiri Te Kanawa Jean Sandel Princess Alexandra Jane Winstone Julia Wallace Waikanae Shona McFarlane Ernest Rutherford Malvina Major Rita Angus Ngaio Marsh Margaret Stod
Slide 21: Nurse & Resident
Nurse & Resident
Slide 22: NZ Aged Care Demand
NZ Aged Care Demand 25,000 20,000 Occupied Beds 15,000 10,000 5,000 0 Hospital Dementia Resthome
Slide 23: NZ 80+ Population
NZ 80+ Population 300,000 250,000 200,000 150,000 100,000 50,000 0
Slide 24: Ryman Care Centre Mix
Ryman Care Centre Mix 2015 2012 2009 2006 0 500 1,000 1,500 2,000 2,500 3,000 3,500 No of Beds Resthome Hospital Dementia
Slide 25: Ladies
Ladies
Slide 26: Strong Annual Results
Strong Annual Results Realised profits up 17% to $84m Operating cash flows very strong $169m Shareholders equity increased 14% $647m
Slide 27: Portfolio Growth
Portfolio Growth 3500 3000 2500 units / beds 2000 1500 1000 500 0 2007 2008 2009 2010 2011 2012 Retirement Village Units Resthome/Hospital Beds
Slide 28: Management Fees
Management Fees 30 25 20 $ million 15 10 5 0
Slide 29: Care Fees Revenue
Care Fees Revenue 120 100 $ million 80 60 40 20 0
Slide 30: Build Programme
Build Programme now at 700 750 700 650 600 550 volumes pa 500 450 400 350 300 250 200 150 100 50 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Units Beds
Slide 31: Interest Bearing Debt to Equity %
Interest Bearing Debt to Equity % 50 45 40 35 Percentage % AUD 30 Debt 25 20 15 10 5 0 2007 2008 2009 2010 2011 2012
Slide 32: Shareholders Equity
Shareholders Equity 700 650 600 550 500 450 $ million 400 350 300 250 200 150 100 50 0
Slide 33: Underlying Profits excl non cash
Underlying Profits excl non cash Underlying Profit $84m Plus Unrealised revaluations of RV units +$46m Less Deferred tax movement -$9m Reported Net Profit – IFRS $121m Our emphasis is on trading profits not unrealised valuation movements
Slide 34: Summary
Summary Strong financial position from which to drive further growth from: Completed villages New units / beds – NZ at 700 pa – Australia To meet needs of rapidly growing 75+ population over next 20 years
Slide 35: Malvina Ladies
Malvina Ladies