PRIMARY HEALTH PROPERTIES PLC (PHP) — Interim Results Investor Presentation

Investor webinar replay

Replay transcript excerpt

Good afternoon, and welcome to the PRIMARY HEALTH PROPERTIES PLC interim results investor presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged. You can be submitted any time by the Q and A tab situated in the right hand corner of your screen. So click Q and A, scroll to the bottom, type your question and press send. Company may not be in a position to answer every question received during the meeting itself. Have the company review all questions submitted today and publish responses where appropriate to do so. Before we begin, I'd to submit the following poll. I'd now like to hand you over to Harry Hyman, CEO. Good afternoon. Hello, everybody. Let me introduce, my colleagues and myself. My name is Harry Hyman. I'm the founder and chief executive of PRIMARY HEALTH PROPERTIES. Richard Howe, finance director, is on my right. David Bateman, the chief investment officer, is on my left. Just before we start with the slides, I just wanted to give you a very brief overview of what the company actually does. We have a very simple business model. We buy properties, assets, which are let on a long term basis to health care users. In The UK, predominantly GPs and the NHS and pharmacy operators. And in Ireland, our other area of operation to the HSE, which is the Irish equivalent of the NHS, GPs, and pharmacy operators. And we derive the income from that, and net of all costs and our interest charges, we pay that out to investors in the shape of a dividend, which I'm proud to say has grown in each of the last twenty six years. And if you were to buy the shares today, the dividend yield is something like 4.5%. So we have a very simple, very robust, low risk business model. We said that now, let's give you some highlig...