Australian Unity Ltd · ASX:AYUPA
Australian Unity — FY2025 Earnings Presentation
43 slides from Australian Unity's earnings presentation, Aug 27, 2025
Slide 1: ASX Announcement
ASX Announcement 27 August 2025 Australian Unity Limited – Full Year Investor Update Please find attached Australian Unity Limited’s Investor Update relating to the financial results for the year ended 30 June 2025. -end- This announcement has been authorised for release by: The board of Australian Un
Slide 2: Investor update
Australian Unity Limited Investor update Group performance for the full-year ended 30 June 2025
Slide 3: Invitation to investor presentation teleconference
Australian Unity Limited is pleased to invite Date Thursday 28 August 2025 you to our investor presentation teleconference for the full-year ended 30 June 2025 Time 9:30am to 10:30am AEST Registration: To access the teleconference participants must register in advance via the link below: https://s1.
Slide 4: Important information
Important information This notice applies to all information provided as a part of this presentation AUL makes no representation or warranty, express or implied, regarding including, without limitation, these slides, associated presentations and the fairness, accuracy, completeness, correctness or r
Slide 5: Acknowledgement of Traditional Owners
Australian Unity acknowledges the Traditional Owners of the lands and waters within Australia and recognises the important connection to Country that Aboriginal and Torres Strait Islander peoples have. 4
Slide 6: Agenda and presenters
Agenda and presenters 1. Overview and Group highlights 2. Business results 3. Summary and outlook Rohan Mead Darren Mann Prue Bowden Group Managing Director and CEO Group Executive - Finance & Strategy and Group Executive – Home Health Chief Financial Officer AUL FY2025 Investor presentation 5
Slide 7: Overview and Group highlights
Overview and Group highlights AUL FY2025 Investor presentation 6
Slide 8: Overview of Australian Unity
Overview of Australian Unity Established in 1840, we are Australia’s first wellbeing company, with more than 375,000 members, over 750,000 customers, and some 10,000 staff across our operations As a social enterprise and mutual, our purpose is to positively impact the wellbeing of millions Our purpo
Slide 9: Australian Unity Wellbeing Index
Australian Unity Wellbeing Index The 2024 results of the Australian Unity Wellbeing Index found that satisfaction with life in Australia has hit a record low, with younger Australian adults feeling the brunt of financial challenges amid a cost-of-living crisis. Key findings: • Record low satisfactio
Slide 10: Transformation agenda - stages of implementation
Transformation agenda - stages of implementation Transformation commenced in FY2023 and continued to progress through to FY2025. These programs are expected to be substantially complete by 31 December 2025 Transformation process Pre FY2023 FY2025 reported progress Material progress in FY2025 Aspirat
Slide 11: Transformation agenda - progress
Transformation agenda - progress FY2024 priorities FY2025 progress Strategic programs and investment Strategic programs and investment • Continued to reorganise and optimise business platforms • Prepared for the Government’s Support at Home regulatory regime which was postponed from 1 July 2025 and
Slide 12: FY2025 headline results
FY2025 headline results • Consolidated revenues of $2,602.4m, up $505.6m 1 • Adjusted EBITDA from continuing operations of $136.2m, an increase of $65.8m • Statutory profit after tax of $26.6m, also improved on the prior year by $49.3m 2 • Profit for the year (after income tax) from continuing opera
Slide 13: Transformation and integration non-recurring expenses
Transformation and integration non-recurring expenses FY2024 FY2025 FY2026 Transformation and integration Actual Actual Forecast non-recurring expenses ($m) ($m) ($m) Home Health integration and transformation 18.5 47.1 27 – 32 AU Life Bonds integration and transformation 1.0 3.4 2–4 Technology tran
Slide 14: Business results
Business results AUL FY2025 Investor presentation 13
Slide 15: FY2025 financial summary
FY2025 financial summary 1 Key financial statistics FY2025 FY2024 Change Revenue and other income from continuing operations ($m) 2,602.4 2,096.8 505.6 Expenses from continuing operations, excluding financing costs ($m) (2,377.9) (1,964.3) (413.6) Adjusted EBITDA from continuing operations ($m) 136.
Slide 16: FY2025 key metrics
FY2025 key metrics Adjusted EBITDA from continuing operations ($m) 180 160 140 144.3 136.2 120 100 98.9 93.1 80 60 70.4 40 20 0 1 2 FY2021 FY2022 FY2023 FY2024 FY2025 1 Comparative information has been reclassified to reflect the impact of a discontinued operation. On 6 November 2024, Australian Uni
Slide 17: FY2025 key metrics
FY2025 key metrics Net profit from continuing operations ($m) 50 HY1 HY2 40 30 30.2 20 16.4 26.7 10 15.5 15.0 12.9 6.2 1.4 - 1 23 4 23 FY2021 FY2022 FY2023 FY2024 FY2025 (10) (7.4) (25.4) (20) (30) 1 Reported full year result for FY2023 was $7.6m 2 Reported full year result for FY2024 was $(24.0)m.
Slide 18: FY2025 segment earnings
FY2025 segment earnings Adjusted EBITDA ($m) FY2024 FY2025 70.0 66.9 60.0 55.8 54.8 51.8 50.3 50.5 50.0 45.5 38.8 40.0 30.0 20.0 10.0 0.0 Insurances 1 2 Home Health Residential Aged Care Wealth & Capital Markets 1 Comparative information has been reclassified to reflect the impact of a discontinued
Slide 19: Group revenue movement since FY2021
Group revenue movement since FY2021 Revenue from PHI vs Rest of portfolio ($m) 1 2,500 2,171 2,000 1,437 1,500 1,000 766 1,457 500 COVID COVID COVID impacted year impacted year impacted year 671 688 690 691 714 0 FY2021 FY2022 FY2023 FY2024 2 FY2025 PHI Rest of portfolio Group 1 Segment revenue from
Slide 20: Portfolio transformation has changed the Group's earning profile
Portfolio transformation activity has changed the Group’s earning profile 1 Adjusted EBITDA from PHI vs Rest of portfolio($m) 250 232 200 180 150 100 108 COVID impacted COVID 183 50 impacted year COVID year impacted year 72 89 57 50 49 0 2 FY2021 FY2022 FY2023 FY2024 FY2025 1 Segment EBITDA from cor
Slide 21: Gearing analysis and interest cover
Gearing analysis and interest cover Covenant gearing ratio Interest cover ratio1 60.0% 800 9.00 700 8.00 50.0% Debt Capacity ($m) 600 7.00 40.0% 6.00 Gearing Ratio 500 5.00 30.0% 400 4.00 300 20.0% 3.00 200 2.00 10.0% 100 1.00 0.0% 0 - Dec-21 Jun-22 Dec-22 Jun-23 Dec-23 Jun-24 Dec-24 Jun-25 Dec-21 J
Slide 22: Building balance sheet flexibility and resilience
Building balance sheet flexibility and resilience 500 1 Mutual Capital Instruments 450 FY2026 onwards ($m) Undrawn Revolving Loan 400 Drawn Revolving Loan Other external loans 350 Undrawn Revolving Loan (new) 300 50 Undrawn Development Loan 250 50 469 Drawn Development Loan 200 AUL Bonds 150 13 256
Slide 23: Community & Social Value (CSV) FY2025
Community & Social Value (CSV) FY2025 $2.38b in total CSV for FY2025 FY2025 % FY2024 Priority outcomes ($m) change ($m) Better access to healthcare 1,045 (8) 1,130 Improved health outcomes 252 35 186 Building financial resilience 171 50 114 Opportunities through 52 33 39 employment Leading social in
Slide 24: CSV value bridge FY2025
CSV– value bridge FY2025 ($m) % change 17.1% 0.0% 1.5% 0.7% 0.5% 2.9% (4.2%) 18.4% Note: - Some figures are rounded for simplicity, totals are unaffected - Totals may not correspond to sum of separate figures due to rounding AUL FY2025 Investor presentation 23
Slide 25: Collective CSV – the value of partnerships
Collective CSV – the value of partnerships In FY2025 we have calculated the collective impact of our investors, operators, partners and the family and friends who surround our members and customers Recognising the ecosystem that comes together to support our community, in FY2025 our total social imp
Slide 26: FY2025 greenhouse gas (GHG) emissions
FY2025 greenhouse gas (GHG) emissions Summary GHG inventory (t CO2e) Corporate Home Health Residential Aged Retirement TOTAL Functions1 Care Communities expressed as tonnes of CO2 equivalent emissions Scope 1 Mobile combustion n/a 853 n/a n/a 853 Stationary combustion 44 1 1,248 439 1,732 Fugitive e
Slide 27: Home Health
Home Health AUL FY2025 Investor presentation 26
Slide 28: Home Health
Home Health The platform provides a range of in-home health services across both community and virtual settings Highlights Adjusted EBITDA ($m) • The Total segment revenue growth was related to a full year of revenue from the March 2024 acquisition of FY2024 FY2025 myHomecare Group (MHC) 55.8 50.5 •
Slide 29: Continuing the investment and evolution of Home Health
Continuing the investment and evolution of Home Health Home Health segment revenue ($m) Home Health Adjusted EBITDA ($m) 1,200 120 Adding back these 1,000 100 non-recurring items represents the underlying result 800 80 47.1 600 60 18.5 954.1 7.8 400 40 586.7 55.8 50.5 200 423.9 45.4 348.9 360.5 379.
Slide 30: Integrated healthcare… making the complex simple
Integrated healthcare… making the complex simple AUL FY2025 Investor presentation 29
Slide 31: A complete transformation to bring the model to life
A complete transformation to bring the model to life New simplified and standardised processes and ways of working Digital, AI, and automation to drive improved experience and productivity Interoperable core system Integrated supply and across different service lines demand management and customer p
Slide 32: The acquisition of Plena accelerates clinically led models of care
The acquisition of Plena accelerates the delivery of clinically led models of care One of Australia’s largest mobile allied health workforces, bringing efficient scale to Home Health Adds clinical density to power growth in Home Health neighbourhoods and our ‘Let’s Get Care’ self-managed proposi
Slide 33: Growing our clinical expertise, density and reach
Growing our clinical expertise, density and reach across our combined operations 6,700 Home Health Providing care to employees over 160,000 customers Over 1,000 clinical healthcare Delivering professionals 4,500,000 hours of employed care annually Home Health customers Home Health clinical w
Slide 34: Insurances
Insurances AUL FY2025 Investor presentation 33
Slide 35: Insurances
Insurances The platform1 brings together Australian Unity’s private health insurance (PHI) business and the distribution of general insurance products Portfolio repositioning • On 6 November 2024, Australian Unity Bank Limited signed an agreement to transfer its banking business Adjusted EBITDA ($m)
Slide 36: Residential Aged Care
Residential Aged Care AUL FY2025 Investor presentation 35
Slide 37: Residential Aged Care
Residential Aged Care The platform owns, operates and develops aged care services across 12 facilities in New South Wales, Victoria and Queensland Highlights • Revenue growth was achieved through higher occupancy levels following the successful sale of new rooms at Adjusted EBITDA ($m) The Alba, Sou
Slide 38: Wealth & Capital Markets (W&CM)
Wealth & Capital Markets (W&CM) AUL FY2025 Investor presentation 37
Slide 39: W&CM
W&CM The platform comprises funds management, investment bonds, retirement living, social infrastructure and trustees businesses Highlights Adjusted EBITDA ($m) • The increase in Total segment revenue and Adjusted EBITDA was driven by an improvement in the operating performance of the retirement liv
Slide 40: Summary and outlook
Summary and outlook AUL FY2025 Investor presentation 39
Slide 41: People entering the 80 plus cohort each year
People entering the 80 plus cohort each year “… in 2027… we get to a world where 78,000 Australians turn 80 per annum… 90,000 +78k Now that’s effectively a tripling of people p.a. entering the 80 plus cohort each year, and 80,000 that’s an extraordinary potential burden…” Rohan Mead, Group Managing
Slide 42: Summary and outlook
Summary and outlook • Our focus for FY2026 is to finalise our transformational programs • We will develop and map out our next set of growth opportunities and options • We will continue to grow our CSV and refine our Greenhouse Gas emissions Organisational focus and pillars Our focus for FY2026 We w
Slide 43: Australian Unity, Real Wellbeing
Australian, Real Wellbeing