Radius Residential Care Ltd · NZX:RAD
Radius Residential Care — Shareholder Meeting (August 2023)
21 slides from Radius Residential Care's shareholder meeting presentation, Aug 3, 2023
Slide 1: Annual Shareholders Meeting
Annual Shareholders Meeting 3 August 2023
Slide 2: Board of Directors
Brien Cree – Executive Chair Board of Directors Brien Cree Duncan Cook Bret Jackson Executive Chair Executive Director Independent Director Mary Gardiner Hamish Stevens Independent Director Independent Director FY23 ASM 2
Slide 3: At a Glance
Brien Cree – Executive Chair At a Glance Our Purpose Our Operations Our Focus To be New Zealand’s leading provider We operate 24 aged care facilities across Our aged care offering is focused on the of healthcare services, enabling our New Zealand, comprising 1,880+ care high acuity and specialist ca
Slide 4: 2023 ASM Agenda
Brien Cree – Executive Chair 2023 ASM Agenda 1 Strategy Overview Brien Cree, Executive Chair 2 Business Update Andrew Peskett, Chief Executive Officer 3 Q&A Opportunity 4 Resolutions and Voting 5 General Business FY23 ASM 4
Slide 5: Strategy and growth plan overview
Strategy and growth plan overview
Slide 6: We Care About Care
Brien Cree – Executive Chair We Care About Care Supporting our senior community through a diverse and growing offering. Aged Care Service Independent Living Units Other Services 24 Care Homes 4 Retirement Villages +1880 Beds 148 Units Rest Home Respite Hospital Palliative Apartments Villas Radius Sh
Slide 7: Strategy Update
Brien Cree – Executive Chair Strategy Update Since listing Radius has demonstrated successful execution against its core strategic pillars. Acquisition of Greater control over strategic Acquired four Ohaupo Properties (settled 5 August 2021). strategically important sites, allowing value facilities
Slide 8: Eight assets acquired in two years
Brien Cree – Executive Chair Acquisition of strategically important operated sites Eight assets acquired in two years Heatherlea Fulton Arran Court Elloughton Gardens Taupaki Gables Windsor Court Peppertree St Joans FY23 ASM 8
Slide 9: Matamata Country Lodge
Opportunistic Acquisitions Matamata Country Lodge 81 care beds 46 retirement 18 villa development village units pipeline FY23 ASM 9
Slide 10: Thornleigh Park
Development Completed Thornleigh Park 24 care beds Opened and being occupied in FY24 FY23 ASM 10
Slide 11: Senior Management Team
Brien Cree – Executive Chair Senior Sam Carey Wendy Jenkins CFO Andrew Peskett CEO JULY 2022 FEBRUARY 2022 Gared Thomas Management GM, Sales, Marketing & Retail Richard Callander GM, Property Development OCTOBER 2011 Trish Evers Team MAY 2019 COO GM, People AUGUST 2022 JULY 2017 FY23 ASM 11
Slide 12: Business Update
Business Update Andrew Peskett, CEO Radius St Helenas FY23 ASM 12
Slide 13: Our Exceptional People
Andrew Peskett – Chief Executive Officer Our Exceptional People FY23 ASM 13
Slide 14: Strong Market Demand
Andrew Peskett – Chief Executive Officer Demand underpinned by population demographics Strong Market 8.0% Demand Rolling 5-year pop CAGR (%) 6.0% 4.0% 2.0% 0.0% 2003 2008 2013 2018 2023 2028 2033 Favourable Long Increasing 65 - 85 5-yr CAGR 85+ 5-yr CAGR Term Demand Diversification of Core Drivers R
Slide 15: FY23 Business Overview
Andrew Peskett – Chief Executive Officer FY23 Business UNDERLYING UNDERLYING CARE BEDS Overview EBITDA $M 10.7 14.2 EBITDAR PER CARE BED $K 19.9 19.9 1784 1889 Delivering portfolio growth and an expanded service offering across New Zealand. FY22 FY22 FY22 FY23 FY23 FY23 INDEPENDENT AVERAGE % BEDS WI
Slide 16: FY24 Outlook
Andrew Peskett – Chief Executive Officer FY24 Outlook Improved operating performance focused on continuing to drive market leading returns. Strong start to FY24 with first quarter underlying EBITDA significantly ahead of FY23. Execution of a comprehensive business improvement program including strea
Slide 17: Q&A
Q&A FY23 ASM 17 Radius Glaisdale
Slide 18: Resolutions
Brien Cree – Executive Chair Resolutions 1. 2. AUDITOR REMUNERATION DIRECTOR ELECTION That the directors be authorised That Mary Gardiner be re- to fix the fees and expenses of elected as a Director of Baker Tilly Staples Rodway as Radius Care auditor of Radius Care for the ensuing financial year. F
Slide 19: Resolutions
Brien Cree – Executive Chair Resolutions 3. 4. DIRECTOR ELECTION DIRECTOR ELECTION That Hamish Stevens be That Tom Wilson be re-elected as a Director elected as a Director of of Radius Care Radius Care FY23 ASM 19
Slide 20: General Business
General Business FY23 ASM 20 Radius Arran Court
Slide 21: Thank You
Thank You FY23 ASM 21
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