Promisia Healthcare (PHL) AGM 2024 Presentation summary

Board and management

• Board chaired by Rhonda Sherriff, with Tony Mortensen standing for re-election and Jill Hatchwell stepping down at the annual meeting.

• Craig Percy provides executive services on a month-to-month basis, reviewed by independent directors.

• Key management includes Karen Lake (Group GM) and Francisco Rodriguez Ferrere (GM Finance).

Portfolio and operations

• Operates aged care and retirement living facilities across New Zealand, emphasizing supportive, integrity-driven, and community-focused care.

• As of 31 August 2024: 442 care beds, 95 apartments, and 162 independent living units.

• Sale of Eileen Mary facility agreed, with completion expected mid-October 2024.

• Recent acquisitions include Golden View Lifestyle Village and Ripponburn Hospital & Home in Cromwell.

Strategic focus

• Four strategic pathways: building a stronger business, maximizing occupancy, diversifying revenue streams, and network expansion through acquisitions and developments.

• Operational improvements include merging operations in Cromwell and targeting >95% occupancy at Aldwins House.