Healius Limited · ASX:HLS
Healius — Primary Health Care — Shareholder Meeting (November 2015)
22 slides from Healius's shareholder meeting presentation, Nov 26, 2015
Slide 1: Primary Health Care Limited, 26 November 2015
PRIMARY HEALTH CARE LIMITED 26 NOVEMBER 2015
Slide 2: Rob Ferguson, Chairman
ROB FERGUSON CHAIRMAN 2 2015 ANNUAL GENERAL MEETING
Slide 3: 2015 Results
2015 RESULTS YEAR ENDED YEAR ENDED 30 JUNE 2014 MOVEMENT $ MILLION 30 JUNE 2015 (RESTATED) % Revenue 1,618.5 1,524.1 6.2% Reported NPAT 136.5 114.6 19.1% Underlying NPAT 119.1 114.6 3.9% Reported Earnings per share (cents) 26.7 22.7 17.6% Underlying Earnings per share (cents) 23.3 22.7 2.6% Dividend
Slide 4: Dr Edmund Bateman
DR EDMUND BATEMAN 4 2015 ANNUAL GENERAL MEETING
Slide 5: Executive and Board
EXECUTIVE AND BOARD EXECUTIVE BOARD Appointment of Peter Gregg Retirement of 3 executive directors as CEO and MD Appointment of Malcolm Ashcroft Appointment of 2 non-executive as CFO directors: • Robert Hubbard • Gordon Davis Appointment of new executives 5 2015 ANNUAL GENERAL MEETING
Slide 6: Remuneration
REMUNERATION FY 2015 • Board discretion in adopting underlying EPS • No STI or LTI awards linked to EPS FY 2016 • Executive packages • Aligned with performance • Appropriate mix of fixed / at-risk • STIs • Targets – 70% NPAT, 30% individual • Awards – 75% in cash, 25% in rights deferred in equal tra
Slide 7: Rob Ferguson, Chairman
ROB FERGUSON CHAIRMAN 7 2015 ANNUAL GENERAL MEETING
Slide 8: Peter Gregg, Managing Director and CEO
PETER GREGG MANAGING DIRECTOR AND CEO 8 2015 ANNUAL GENERAL MEETING
Slide 9: 2015 Year in Review
2015 YEAR IN REVIEW ACHIEVEMENTS • Improved accounting treatment of Healthcare Practitioner (HCP) acquisition costs • Tax refund received and settlement of tax liabilities of HCPs negotiated with ATO • IVF commenced in NSW and 2nd site opened in Victoria • Bridge Road Imaging in Victoria opened • St
Slide 10: Medical Centres
MEDICAL CENTRES 10 2015 ANNUAL GENERAL MEETING
Slide 11: Medical Centres
MEDICAL CENTRES STRATEGIC REVIEW INITIATIVES ACHIEVEMENTS TO-DATE Grow market share with roll out NSW site approved of large-scale multi-disciplinary 3 large scale and 1 super medical centres centre in pipeline Improve HCP recruitment and Flexible recruitment packages retention Q1 recruitmen
Slide 12: Pathology
PATHOLOGY 12 2015 ANNUAL GENERAL MEETING
Slide 13: Pathology
PATHOLOGY STRATEGIC REVIEW INITIATIVES ACHIEVEMENTS TO-DATE Expand non-routine specialties Opportunities under review Explore opportunities offshore Opportunities under review Robust business case for Approved Tighten hurdles for new Collection Centres (ACCs) ACCs/resigns Close non-performing
Slide 14: Imaging
IMAGING 14 2015 ANNUAL GENERAL MEETING
Slide 15: Imaging
IMAGING STRATEGIC REVIEW INITIATIVES ACHIEVEMENTS TO-DATE Invest in radiologists Appointment of GM, Imaging and equipment Extended Bridge Road – exceeding expectations Opened Varsity Lakes Optimise performance Site-by-site assessment across network Restructured JVs Major hospital pipelin
Slide 16: Medical Director
MEDICAL DIRECTOR 16 2015 ANNUAL GENERAL MEETING
Slide 17: Medical Director
MEDICAL DIRECTOR STRATEGIC REVIEW INITIATIVES ACHIEVEMENTS TO-DATE Continue to leverage and Invested in next grow market position generation products Awarded Victorian health contract Evaluate strategic partners Commenced process to find to provide expertise strategic partner 17 2015 ANNUAL GE
Slide 18: Capital Management
CAPITAL MANAGEMENT STRATEGIC REVIEW INITIATIVES ACHIEVEMENTS TO-DATE Capital management Capital planning disciplines ROIC is key KPI Capital recycling VEI sale – $38 million Barangaroo sale – $40 million Property Trust REIT development advanced Flexible, capital-light recruitment HCP acq
Slide 19: Stakeholder Engagement
STAKEHOLDER ENGAGEMENT Lifetime patient-centric care Flexible Group-wide recruitment, co-operation training and support Proactive Greater dialogue transparency 19 2015 ANNUAL GENERAL MEETING
Slide 20: Government Reviews
GOVERNMENT REVIEWS WE SUPPORT • Modernisation of the healthcare system • Submissions to the reviews • Participation in the MBS review panels WE DO NOT SUPPORT • Alarmist agenda around waste • Denigration of GPs • Freeze on the Medicare levy THE FACTS • Frontline care is the best and cheapest care av
Slide 21: Trading Update
TRADING UPDATE • Subdued revenue environment and margin compression to-date • Underlying EBITDA and underlying NPAT 5% below FY 2015 • Statutory NPAT broadly in line with underlying NPAT • Subject to trading conditions in the remainder of the year • Progress on strategic review • Drive growth as par
Slide 22: Disclaimer
DISCLAIMER This presentation has been prepared by Primary Health Care Limited (ACN 064 530 516) (‘PRY’). Material in this presentation provides general background information about PRY which is current as at the date this presentation is made. Information in this presentation remains subject to chan
Primary Health Care — Shareholder Meeting (November 2015) on 6ix