Regis Healthcare Ltd. · ASX:REG
Regis Healthcare — Investor Presentation (February 2023)
35 slides from Regis Healthcare's investor presentation, Feb 27, 2023
Slide 1: FY23 Half-Year Results Presentation
OUR PURPOSE Personalised and respectful care that embraces the experience of ageing FY23 Half-Year Results Presentation 27 February 2023 Regis East Malvern, Victoria
Slide 2: Contents
Contents ● Strategy Overview ● Aged Care Sector Reform ● Financial Performance ● Other Matters ● Strategic Update ● Outlook ● Questions ● Appendices - 1 - Regis Fawkner, Victoria
Slide 3: Strategy Overview
Regis Healthcare Limited | FY23 Half-Year Results Presentation Strategy Overview Our purpose is to provide personalised and respectful care that embraces the experience of ageing OUR OUR VALUES BEHAVIOURS HOME RESIDENTIAL Care Care • Optimism • We have a relentless customer focus • Passion • We are
Slide 4: Industry Reform and Sector Performance
Regis Healthcare Limited | FY23 Half-Year Results Presentation Industry Reform and Sector Performance Industry Reforms Additional Funding Reform Required ► Funding to providers with a starting price of ► Funding to increase staff remuneration, on-costs and benefits. The AN-ACC funding model $216.80
Slide 5: Regulatory Changes
Regis Healthcare Limited | FY23 Half-Year Results Presentation Regulatory Changes The introduction of the new resident care funding model and star ratings are the most recent regulatory changes AN-ACC1 Overview Star Ratings ► AN-ACC model designed to provide a distribution of funding according to ►
Slide 6: Financial Performance
Regis Blackburn, Victoria Financial Performance
Slide 7: H1 FY23 Financial Overview
Regis Healthcare Limited | FY23 Half-Year Results Presentation H1 FY23 Financial Overview ► Revenue from services of $380.4 million, up 4.4% on pcp Revenue from Services Average Occupancy • $380.4million ► Average occupancy 91.1% (H1 FY22: 89.3%) Underlying EBITDA1 of $45.1 million (H1 FY22: $44.1 m
Slide 8: Financial Summary
Regis Healthcare Limited | FY23 Half-Year Results Presentation Financial Summary H1 FY22 $ millions H1 FY23 H1 FY22 to H1 FY23 Revenue from services 380.4 364.2 4.4% Other income1 33.3 31.4 6.1% Staff expenses 286.4 263.7 8.6% Underlying EBITDA2 45.1 44.1 2.3% NPATA2 2.6 10.6 (75.5%) Capital expen
Slide 9: Key Operational Statistics
Regis Healthcare Limited | FY23 Half-Year Results Presentation Key Operational Statistics H1 FY22 ► Movement in average available operational places mainly Operational Statistics attributable to permanent removal of multi-bed room capacity H1 FY23 H1 FY22 to H1 FY23 and wind-down of Belmore, New S
Slide 10: One-Off / Non-Recurring Items
Regis Healthcare Limited | FY23 Half-Year Results Presentation One-Off / Non-Recurring Items The following one-off / non-recurring items are included in Profit and Loss: ► COVID-19 outbreak expenses include: $ millions (before tax) H1 FY23 H1 FY22 • $11.2 million of staff costs COVID-19 outbreak exp
Slide 11: Net Debt and Cash Flow
Regis Healthcare Limited | FY23 Half-Year Results Presentation Net Debt and Cash Flow $ millions Purpose Limit Maturity Debt Refinancing Facility A Working capital 150.0 March 2026 ► Facilities B, C and D refinanced through to March 2027 Facility B Working capital 175.0 March 2027 ► Regis has electe
Slide 12: Capital Expenditure
Regis Healthcare Limited | FY23 Half-Year Results Presentation Capital Expenditure Replacement Capital Expenditure $ millions H1 FY23 ► Regular and ongoing refurbishment / replacement capital Property expenditure undertaken across residential aged care homes and retirement villages Replacement Capit
Slide 13: Resident Profile
Regis Healthcare Limited | FY23 Half-Year Results Presentation Resident Profile 31 December 30 June 31 December Payment Preference (Non-Concessional) Number of Residents 2021 2022 2022 100% RAD 1,753 1,849 1,858 8% 10% 10% 90% Combination (RAD/DAP) 1,135 980 1,015 80% 36% 31% 32% DAP 269 290 311 70%
Slide 14: Other Matters
Regis Sandringham, Victoria Other Matters
Slide 15: Other Matters
Regis Healthcare Limited | FY23 Half-Year Results Presentation Other Matters Potential Employee Entitlement Underpayments ► As previously reported, Regis announced to the ASX on 9 August 2021 that it had identified potential underpayments of employee entitlements to certain current and former employ
Slide 16: Strategic Update
Regis Greenmount, Western Australia Strategic Update
Slide 17: Australian Aged Care Market Dynamics
Regis Healthcare Limited | FY23 Half-Year Results Presentation Australian Aged Care Market Dynamics Ageing population driving increased demand for aged care services ► Between 1980-82 and 2015-17, life expectancy at birth increased by 8.1% for women and 13.0% for men and remaining Australia's Ageing
Slide 18: Aged Care Environment Requires Adaptive Strategic Response
Regis Healthcare Limited | FY23 Half-Year Results Presentation Aged Care Environment Requires Adaptive Strategic Response Year 2 strategic plan initiatives on track to keep Regis at the forefront of the best industry providers • Major focus on addressing workforce shortages • Organisational redesign
Slide 19: Strategic Priorities
Regis Healthcare Limited | FY23 Half-Year Results Presentation Strategic Priorities Year 2 Priorities Regis Culture of Care Positive People and Practice Enhancing our Future Regis continues to deliver care that is safe, Regis People - attracting, developing, Transformational change through digital e
Slide 20: Regis is the Industry Partner in a Flagship Aged Care Project
Regis Healthcare Limited | FY23 Half-Year Results Presentation Regis is the Industry Partner in a Flagship Aged Care Project • Partnership with Digital Health CRC and University of Queensland in the flagship Aged Care Data Compare (ACDC) Plus Project • Develop and trial a prototype aged care quality
Slide 21: Environmental, Social and Governance (ESG)
Regis Healthcare Limited | FY23 Half-Year Results Presentation Environmental, Social and Governance (ESG) Regis’ environmental, social and governance commitments Circle of Care Shared Value Creation ● 30-year history of caring for older people ● Return to shareholders ● Health, safety and wellbeing
Slide 22: Aged Care Developments
Regis Healthcare Limited | FY23 Half-Year Results Presentation Aged Care Developments Regis has sites for greenfield developments and extension program for existing homes Provisional Net Allocation & Additional Development Licences in Development State Places Club Services Approval Hand1 Update Regi
Slide 23: Growth Program - Camberwell (VIC)
Regis Healthcare Limited | FY23 Half-Year Results Presentation Growth Program - Camberwell (VIC) New Camberwell RAC estimated to open in 1H FY25 Specifications: ► 112 beds ► 4-level residence ► Land area ~4,300 sqm ► ~$40 million investment estimate (excl. land) ► Various room types: standard and la
Slide 24: Outlook
Regis Sandringham, Victoria Outlook
Slide 25: Outlook
Regis Healthcare Limited | FY23 Half-Year Results Presentation Outlook Performance ► Workforce strategy ► Organisational redesign to refocus resources towards more direct care ► Realisation of non-income producing assets ► Quality care, service and accommodation support occupancy ► Upgrade of key bu
Slide 26: Questions
Regis East Malvern, Victoria Questions
Slide 27: Appendices
Regis Elermore Vale, New South Wales Appendices
Slide 28: Appendix A: Income Statement
Regis Healthcare Limited | FY23 Half-Year Results Presentation Appendix A: Income Statement $ millions H1 FY23 H1 FY22 Revenue from Services Government revenue 267.9 260.2 Resident revenue 108.8 100.1 Other revenue 3.7 3.9 Revenue from Services 380.4 364.2 Other income1 33.3 31.4 Total Revenue 413.7
Slide 29: Appendix B: Statement of Financial Position
Regis Healthcare Limited | FY23 Half-Year Results Presentation Appendix B: Statement of Financial Position 31 December 30 June $ millions 2022 2022 Cash and cash equivalents 39.4 4.1 Trade and other receivables 17.2 17.9 Other current assets 18.8 11.5 Income tax receivables 13.2 7.2 Total Current As
Slide 30: Appendix C: Cash Flow Statement
Regis Healthcare Limited | FY23 Half-Year Results Presentation Appendix C: Cash Flow Statement $ millions H1 FY23 H1 FY22 Cash Flows from Operating Activities Receipts from customers and Government subsidies 421.3 396.2 Payments to suppliers and employees (358.2) (309.8) Operational Cash Flows Befor
Slide 31: Appendix D: Non-IFRS Reconciliation
Regis Healthcare Limited | FY23 Half-Year Results Presentation Appendix D: Non-IFRS Reconciliation $ millions H1 FY23 H1 FY22 Profit/(Loss) Before Tax (36.5) (5.1) Depreciation 22.7 20.8 Amortisation1 40.7 20.3 Finance costs 36.1 35.7 Finance income (0.2) - Reported EBITDA (post-AASB 16) 62.8 71.7 A
Slide 32: Appendix E: Deregulation of Operational Places
Regis Healthcare Limited | FY23 Half-Year Results Presentation Appendix E: Deregulation of Operational Places ► As a result of the Australian Government’s decision to discontinue operational places from 1 July 2024, and in accordance with Accounting Standards and the guidelines issued by the Austral
Slide 33: Appendix F: Regis is a Leading Residential Aged Care Provider
Regis Healthcare Limited | FY23 Half-Year Results Presentation Appendix F: Regis is a Leading Residential Aged Care Provider Operates a network of 63 residential homes located across Australia Key statistics Regis home network One of the largest providers in Australia1 1 Darwin ~7,000 available oper
Slide 34: Appendix G: Definitions of Non-IFRS Financial Measures
Regis Healthcare Limited | FY23 Half-Year Results Presentation Appendix G: Definitions of Non-IFRS Financial Measures H1 FY22 means half-year ended 31 December 2021 H2 FY22 means half-year ended 30 June 2022 FY22 means full-year ended 30 June 2022 H1 FY23 means half-year ended 31 December 2022 Capit
Slide 35: Important Information and Disclaimer
Regis Healthcare Limited | FY23 Half-Year Results Presentation Important Information and Disclaimer This Presentation contains the summary information about the current Neither Regis Healthcare nor any other person warrants or guarantees the activities of Regis Healthcare Limited and its controlled
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