Eureka Group Holdings Limited · ASX:EGH
Eureka — Pie Funds Conference (March 2016)
18 slides from Eureka's conference presentation, Mar 15, 2016
Slide 1: Pie Funds Conference Presentation
Eureka Group Holdings Limited Pie Funds Conference Presentation For personal use only 15 March 2016
Slide 2: Eureka Group Philosophy – Shared Value
Eureka Group Philosophy – Shared Value For personal use only • Eureka’s goal is to provide the highest level of rental accommodation and associated care to independent retirees dependent on Australian Government Pension and Rent Assistance • We aim to combine the best of capitalism and social activi
Slide 3: Growth Drivers
Growth Drivers For personal use only Eureka has 4 growth drivers available to it: Acquisition growth - acquired 18 villages in last 20 months and is targeting a further 8-10 village acquisitions in the next 12 months Organic growth – brownfield or further in-fill development on existing owned vi
Slide 4: Timeline of Village Acquisitions
Timeline of Village Acquisitions For personal use only August & October October 2014 January 2015 M arch 2015 M ay 2015 September 2015 N ovember 2015 December 2015 2 0 14 Completed Completed Complated Completed Completed Completed Completed Extension of 5 acquisition of Easy acquisition of Myall acq
Slide 5: Share Price & Liquidity
Share Price & Liquidity overlay ASX 300 Shareprice from next graph For personal use only The graph below outlines the improvement in the share price and liquidity over the last 12 months: Page 5
Slide 6: Share Price
Share Price For personal use only The graph below outlines the improvement in the share price relative to the ASX 300: 221% -9% Page 6
Slide 7: Income Statement – months ending December 2015
Income Statement – 6 months ending 31 December 2015 For personal use only The table below summarises the results for the half year ended 31 December 2015 compared with the results from the prior comparative half year period: 6 months to 6 months to ($'000) $ change % change Key Points 31 Dec 2014 31
Slide 8: Balance Sheet – December 2015
Income Statement – 6 months ending 31 December 2015 For personal use only The table below summarises the balance sheet at 31 December 2015 compared with the balance sheet at 30 June 2015: ($'000) 30 June 2015 31-Dec-15 Key Points Assets • Healthy balance sheet to pursue an continued growth Cash and
Slide 9: EBITDA Pro Forma Annualised Basis
EBITDA Pro Forma Annualised Basis For personal use only The eight village acquisitions announced since 1 July 2015 are expected to contribute an additional $3.87m to Eureka’s EBITDA on an annualised basis. $9.87m Page 9
Slide 10: Size & Scale Benefits
Size & Scale Benefits For personal use only Eureka as of December 2015 Eureka has created the following economies of scale and scope: • Eureka buy & build strategy succeeding with a further 150 villages identified and preliminary due diligence completed 27 villages under management 18 villages w
Slide 11: Village Location Clusters By State Bring Scale & Scope Benefits
Village Location Clusters By State Bring Scale & Scope Benefits For personal use only 303 Units NT QLD 16 214 Units WA SA 8 562 Units NSW 3 218 Units 530 Units ACT VIC 2 TAS Page 11
Slide 12: Potential Opportunities | Ethical Investment
Potential Opportunities | Ethical Investment For personal use only • There is an expanding gap in the market as other service providers move their product up in market price and away from a rental option. They have lost sight of the ethical responsibility we have to the lower socio-economic sector o
Slide 13: Terranora Village Redevelopment
Terranora Village Redevelopment For personal use only The redevelopment of the 80 unit village that was acquired for $7m in December 2015 is expected to reap significant financial windfall and bolster the strength of Eureka’s balance sheet. The redevelopment will involve: Sell 3.5 hectares of the
Slide 14: 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 the largest owner/operator of regional seniors rental retirement villages in Australia. • Clear strategy in place to grow the number of
Slide 15: Summary continued
Summary continued For personal use only • High cash conversion unaffected by movements in either global or Australian economies or share markets. • Incentive based agreements with Village Managers provide greater remuneration clarity and improved occupancy and village returns. • Dedicated and experi
Slide 16: Shareholders – Top
Shareholders – Top 20 For personal use only The table below is a snapshot of the top 20 shareholders as at 2 March 2016: Rank Name Shares held % Held 1 NATIONAL NOMINEES LIMITED 27,472,521 13.14% 2 J P MORGAN NOMINEES AUSTRALIA LIMITED 15,344,856 7.34% 3 ROBIN LEVISON (THROUGH CONTROLLED ENTITIES) 1
Slide 17: Contact Details
Contact Details For personal use only Robin Levison Executive Chairman Phone: +617 5568 0205 Email: robin.levison@eurekagroupholdings.com.au www.eurekagroupholdings.com.au Page 17
Slide 18: 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
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