Regis Healthcare Ltd. · ASX:REG
Regis Healthcare — Shareholder Meeting (October 2022)
66 slides from Regis Healthcare's shareholder meeting presentation, Oct 25, 2022
Slide 1: Addresses to Annual General Meeting
For personal use only ASX ANNOUNCEMENT 25 October 2022 Addresses to Annual General Meeting In accordance with Listing Rule 3.13.3, we attach the Chairman’s and Managing Director’s addresses to the Regis Healthcare AGM on 25 October 2022 and a copy of the slides that will be presented. Webcast facili
Slide 2: Chairman's AGM Speech 2022
CHAIRMAN’S AGM SPEECH 2022 I would like to start my address today by thanking our Regis front- For personal use only line staff, support staff and executives for their dedicated care and support for our residents, clients, and their families over the past year. I recall saying as we met this time la
Slide 3: For personal use only
ensuring the ongoing provision of excellent clinical care and keeping our residents and staff safe. For personal use only The point of raising this is not only to remind us how fortunate Regis is to have such a dedicated workforce, but to again state that, twelve months on, and with Covid easing onc
Slide 4: For personal use only
Company will work cooperatively with the new Government and the new Provider Association that Linda will speak about later. We For personal use only encourage the new Government to closely review the reform program to ensure that it is co-designed to deliver the intended outcomes. Your Board has bee
Slide 5: For personal use only
These challenges are driving management to reshape the way we structure our business resources and conduct our business day-to- For personal use only day to adapt to these new requirements. While these matters have been, and will remain a priority for management, shareholders should know that throug
Slide 6: For personal use only
Management has upgraded the WIFI infrastructure across all homes and refreshed our additional services and menu offerings to For personal use only residents. We have also upgraded our ERP platform, our clinical care system and approved the implementation of a new electronic medication management sys
Slide 7: For personal use only
developments, once completed, will be well supported by resident RAD inflows. For personal use only The decision to restart our investment program followed several years when Regis, and the sector more generally, slowed or stopped new residential developments in the face of significant uncertainties
Slide 8: For personal use only
We have significant available funding lines and are rationalising non- income producing assets to strengthen our balance sheet and For personal use only improve returns. This detailed work is being oversighted by our new Board Property Committee, chaired by Ian Roberts. Regis reported a large Net Lo
Slide 9: For personal use only
from a strong performance by our existing homes, rather than through new developments. For personal use only This strong cashflow performance allowed Regis to further strengthen its balance sheet, with net debt down 28% in the year to $102.9m (excluding the expected $20 plus million owed by the Gove
Slide 10: For personal use only
Our expectation, and our focus, will be on achieving further increases For personal use only in occupancy over FY23. This will be important to grow our revenues and help offset the impact of higher labour costs associated with the introduction of the mandated average 200 care minutes from October 20
Slide 11: For personal use only
for operational places, this Committee will play an important role in shaping our property decisions and our investment returns. For personal use only The Board supports strengthened governance of the sector, including responsibilities of Directors. Regis is well placed to exceed the requirements co
Slide 12: For personal use only
I would like to thank my fellow Directors and all of the Regis team for their dedication and support throughout the year. For personal use only Finally, I want to thank you, our shareholders, for your support in the past year. I will now pass to our CEO Dr Linda Mellors to address the meeting. 12
Slide 13: Managing Director and CEO's Address
MANAGING DIRECTOR AND CEO’s ADDRESS Thank you Graham. For personal use only I would like to begin by acknowledging the Wurundjeri people of the Kulin Nation, traditional custodians of the land on which we meet today, and pay my respects to their Elders past, present and emerging. I extend that respe
Slide 14: For personal use only
Notably, the global pandemic continued, with the Omicron variant impacting the business heavily from the Christmas/New Year period. At a time when our teams were looking forward to a much-needed For personal use only quieter period, many returned to work to assist with the extraordinary increase in
Slide 15: For personal use only
our residents, clients and Regis colleagues. I would also note the team’s focus on returning our homes and services to more normal settings in between the high community transmission periods, with For personal use only more visitors, activities and outings. Over the FY22 year, Regis was also impacte
Slide 16: For personal use only
with respect to the Government’s reform agenda. The financial results were positively impacted by maintenance of occupied bed days, the updated additional services program and the disciplined For personal use only approach to discretionary expenditure. In terms of our overall financial performance f
Slide 17: For personal use only
I would like to highlight the very strong net RAD cash inflows of $83.9m delivered under pressured circumstances. As flagged to the For personal use only market back in August, net RAD cashflow has been negative across the first quarter due to the timing of refund payments associated with the probat
Slide 18: For personal use only
during the steep Omicron wave and in an environment of sector- wide labour shortages. Over the financial year just closed, the pause on development and For personal use only acquisitions largely continued due to the uncertainty around future funding and return on capital. In the background, we conti
Slide 19: For personal use only
of the most important levers to attract and retain the aged care sector workforce and the Company looks forward to the decision being delivered and implemented. For personal use only This is a good time to now move to an update on our strategic plan and sector reform. I am pleased to report that the
Slide 20: For personal use only
functioning, supported and appropriately regulated industry to provide older Australians with safe and high quality care into the future. I am confident that the recently expanded Independent For personal use only Health and Aged Care Pricing Authority will prove to be a critical reform and assist t
Slide 21: For personal use only
our residents in areas such as wound prevention and management, improved communication of residents’ health information and care needs when transferring between hospital and their aged care For personal use only home, personalised high-quality end of life care, improvements in dementia practice and
Slide 22: For personal use only
The Company formalised consumer engagement at a senior level through the establishment and regular meetings of the Regis For personal use only Consumer Advisory Council, with a diverse range of consumers including those with mild memory loss or cognitive impairment. The Council has provided invaluab
Slide 23: For personal use only
program for injured workers to support them accessing advice and treatment, and return to work. For personal use only Regis enjoys economies of scale and we have upgraded key systems to support our homes, services and back office functions. The Company upgraded our enterprise resource platform and f
Slide 24: For personal use only
Importantly, our future is very much led by the continuous improvement and learning philosophies, and a consumer-focused For personal use only culture, driven from the Board and Executive through to our frontline teams. Regis has a strong purpose and our nearly 30-year old Company remains dedicated
Slide 25: For personal use only
Australians live longer and enter aged care later, with more co- morbidities. Our workforce will need additional skills, training and resources, and more digital systems and automation. These changes For personal use only are included in our strategic plan and I look forward to updating you on progr
Slide 26: For personal use only
For personal use only
Slide 27: Welcome and Introduction of Board Members
Introduction of Board WELCOME For personal use only Members • Dr Linda Mellors (Managing Director Regis and CEO) Healthcare • Ian Roberts Chairman • Sally Freeman • Bryan Dorman Mr Graham • Professor Christine Hodges Bennett Auditor – Ernst & Young, • Mr Brad Pollock
Slide 28: Outline of Meeting
For personal use only Meeting Outline of
Slide 29: For personal use only
For personal use only
Slide 30: For personal use only
For personal use only
Slide 31: For personal use only
=) ‘© @® iD) = @ ‘= © i®) = | Og Oo ole ) ee re gIS healthcare
Slide 32: For personal use only
For personal use only
Slide 33: For personal use only
For personal use only
Slide 34: For personal use only
For personal use only
Slide 35: For personal use only
For personal use only
Slide 36: For personal use only
For personal use only
Slide 37: MD/CEO Address
MD/CEO Address Regis Healthcare Managing Director and CEO Dr Linda Mellors
Slide 38: For personal use only
a = © @ @) S © ‘= is) ” SS © a. = S Le ee re gIS healthcare
Slide 39: For personal use only
For personal use only
Slide 40: For personal use only
For personal use only
Slide 41: For personal use only
For personal use only
Slide 42: For personal use only
For personal use only
Slide 43: For personal use only
a = © a) @) S © = s) ” i © a. — O Le 5 re, healthcare
Slide 44: For personal use only
For personal use only
Slide 45: For personal use only
For personal use only
Slide 46: For personal use only
For personal use only
Slide 47: For personal use only
For personal use only
Slide 48: For personal use only
For personal use only
Slide 49: Procedural Requirements
Procedural Requirements For personal use only
Slide 50: Item 1: Annual Financial Report
For personal use only Item 1 Annual Financial Report Questions invited
Slide 51: Item 2: Election of Directors
Item 2 For personal use only Election of Directors 2.1 Re-election of Ian Roberts 2.2 Election of Sally Freeman
Slide 52: Item 2.1 Re-election of Ian Roberts as Director
Item 2.1 For personal use only Re-election of Ian Roberts as Director
Slide 53: Proxy Position: Item 2.1
PROXY POSITION Item 2.1 Re-election of Ian Roberts as Director For personal use only Voting Instruction Votes % • In favour 226,891,556 99.38% • Against 999,103 0.44% • Undirected* 411,819 0.18% Total Valid Available Votes 228,302,478 • Abstained 90,639 *Undirected proxies for Chairman of the meetin
Slide 54: Item 2.2: Election of Sally Freeman as Director
Item 2.2: For personal use only Election of Sally Freeman as Director
Slide 55: Proxy Position: Item 2.2
PROXY POSITION Item 2.2: Election of Sally Freeman as Director For personal use only Voting Instruction Votes % • In favour 227,575,330 99.67% • Against 337,663 0.15% • Undirected* 413,485 0.18% Total Valid Available Votes 228,326,478 • Abstained 66,639 *Undirected proxies for Chairman of the meetin
Slide 56: Item 3: Adoption of the Remuneration Report
Item 3 For personal use only Adoption of the Remuneration Report
Slide 57: Proxy Position: Item 3
PROXY POSITION Item 3: Adoption of the Remuneration Report For personal use only Voting Instruction Votes % • In favour 61,560,494 95.95% • Against 2,183,251 3.40% • Undirected* 413,485 0.64% Total Valid Available Votes 64,157,230 • Abstained 37,032 *Undirected proxies for Chairman of the meeting to
Slide 58: Item 4: Approval of FY22 Grant of Share Rights to MD/CEO
Item 4 For personal use only Approval of FY22 Grant of Share Rights to MD/CEO
Slide 59: Proxy Position: Item 4
PROXY POSITION For personal use only Item 4: Approval of FY22 Grant of VRRP Share Rights to MD/CEO Voting Instruction Votes % • In favour 206,705,779 90.58% • Against 21,087,328 9.24% • Undirected* 411,485 0.18% Total Valid Available Votes 228,204,592 • Abstained 30,525 *Undirected proxies for Chair
Slide 60: Item 5: Approval of FY23 LTI Grant of Performance Rights
Item 5 For personal use only Approval of FY23 LTI Grant of Performance Rights to MD/CEO
Slide 61: Proxy Position: Item 5
PROXY POSITION Item 5: Approval of FY23 LTI Grant of Performance For personal use only Rights to MD/CEO Voting Instruction Votes % • In favour 225,332,042 98.74% • Against 2,431,065 1.07% • Undirected* 437,485 0.19% Total Valid Available Votes 228,200,592 • Abstained 34,525 *Undirected proxies for C
Slide 62: Item 6: Renewal of proportional takeover approval provision
Item 6 For personal use only Renewal of proportional takeover approval provision
Slide 63: Proxy Position: Item 6
PROXY POSITION Item 6: Renewal of proportional takeover approval For personal use only provision Voting Instruction Votes % • In favour 227,991,939 99.85% • Against 103,213 0.05% • Undirected* 237,041 0.10% Total Valid Available Votes 228,332,193 • Abstained 60,924 *Undirected proxies for Chairman o
Slide 64: Item 7: Conditional Spill Resolution
Item 7 For personal use only Conditional Spill Resolution
Slide 65: Proxy Position: Item 7
PROXY POSITION Item 7: Conditional Spill Resolution For personal use only Voting Instruction Votes % • In favour 2,551,635 3.98% • Against 61,158,085 95.35% • Undirected* 429,485 0.67% Total Valid Available Votes 64,139,205 • Abstained 55,057 *Undirected proxies for Chairman of the meeting to vote (
Slide 66: Meeting Concludes
Meeting For personal use only Concludes The detailed results of the polls will be announced on the Company’s website and ASX announcement platform later today.
Regis Healthcare — Shareholder Meeting (October 2022) on 6ix