Ryman Healthcare Ltd. · NZX:RYM
Ryman Healthcare — FY2013 Earnings Presentation
29 slides from Ryman Healthcare's earnings presentation, May 16, 2013
Slide 1: Annual Results Briefing
Annual Results Briefing “Preparing the company for something bigger” 16 May 2013
Slide 2: 2013 Annual Result
2013 Annual Result Dr David Kerr – Chairman Simon Challies – Managing Director Gordon MacLeod – Chief Financial Officer
Slide 3: Strong Annual Results
Strong Annual Results Underlying profits up 19% to $100m Operating cash flows very strong $222m Shareholders equity increased 13% $734m
Slide 4: Underlying Profit
Underlying Profit 100 90 80 70 $ million 60 50 40 30 20 10 0
Slide 5: Underlying Profits excl non cash
Underlying Profits excl non cash Underlying Profit $100m Plus Unrealised revaluations of RV units +$50m Less Deferred tax movement -$13m Reported Net Profit – IFRS $137m Our emphasis is on trading profits not unrealised valuation movements
Slide 6: Dividend History
Dividend History 10.0 9.0 8.0 cents per share 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0 (adjusted for share split)
Slide 7: Can we keep growing in NZ?
Can we keep growing in NZ? Projected growth pa – Population 75+ 25,000 20,000 15,000 10,000 5,000 0
Slide 8: Can we keep growing in NZ?
Can we keep growing in NZ? Projected growth pa – Population 75+ 25,000 20,000 15,000 10,000 5,000 0
Slide 9: What about Victoria?
What about Victoria? Projected growth pa – Population 75+ 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0
Slide 10: Nurse & Resident
Nurse & Resident
Slide 11: Jane Mander
Jane Mander
Slide 12: Slide 12
Slide 13: New Build Rate
New Build Rate Target 2013 2012 0 100 200 300 400 500 600 700 Units Beds
Slide 14: Jane Mander Evelyn Page Howick
Jane Mander Evelyn Page Howick Planning stage Birkenhead Edmund Hillary Construction activity Bob Owens Kiri Te Kanawa Charles Fleming Petone Diana Isaac
Slide 15: Slide 15
Slide 16: Pena eees Yarras Edg
i “ Pena eees Yarras Edg a North i 35 V iliamstown i Rat on ~ Bentleigh C0 East Hampton — 14 i fi Weliplper * 5 Sandringham ; Black Rock Fy Moorabbin 3 Ding ley
Slide 17: Ryman Healthcare
RYMAN a HEALTHCARE al — = ys
Slide 18: Portfolio Growth
Portfolio Growth 7000 6000 5000 units / beds 4000 3000 2000 1000 0 Retirement Village Units Aged Care Beds
Slide 19: Build Target
Build Target of 700 pa 700 600 volumes pa 500 400 300 200 100 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Units Beds
Slide 20: Shareholders Equity
Shareholders Equity 800 700 600 500 $ million 400 300 200 100 0
Slide 21: 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 2013
Slide 22: Long Term Capital Efficiency
Long Term Capital Efficiency $25m raised at IPO in 1999 Invested $1.2bn in portfolio since With no fresh capital Dividends of $290m paid since float Self funded growth Conservative bank debt
Slide 23: Share Performance
Share Performance Ryman 6.00 5.00 Share Price $* 4.00 3.00 2.00 NZX 50 1.00 0.00 * Adjusted for share split
Slide 24: Summary
Summary 30 years of exceptional demographic growth in front of us Preparing the company for something bigger
Slide 25: Nurse & Resident
Nurse & Resident
Slide 26: Appendices
Appendices
Slide 27: Management Fees
Management Fees 35 30 25 $ million 20 15 10 5 0
Slide 28: Care Fees Revenue
Care Fees Revenue 160 140 120 $ million 100 80 60 40 20 0
Slide 29: Jane Mander Evelyn Page Howick
Jane Mander Evelyn Page Howick Planning stage Birkenhead Grace Joel Edmund Hillary Construction activity Bob Owens Completed village Hilda Ross Kiri Te Kanawa Jean Sandel Princess Alexandra Jane Winstone Julia Wallace Charles Fleming Shona McFarlane Ernest Rutherford Petone Malvina Major Rita Angus