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HEALIUS LIMITED AGM Information 2017

Nov 22, 2017

65058_rns_2017-11-22_8b559b04-c06e-4ce9-a385-9081ba9d26e3.pdf

AGM Information

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2017 ANNUAL GENERAL MEETING

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23 NOVEMBER 2017

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ROBERT FERGUSON
CHAIRMAN
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BOARD OF DIRECTORS
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Rob Ferguson Non-executive Chairman

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Gordon Davis Non-executive Director

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Robert Hubbard Non-executive Director

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Dr Malcolm Parmenter MD & CEO

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Arlene Tansey Non-executive Director

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Dr Paul Jones Non-executive Director

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Dr Errol Katz Non-executive Director

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Brian Ball Non-executive Director (retiring)

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FY 2017 HIGHLIGHTS
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Group Underlying1 Underlying1 Reported Reported
$m FY 2017 FY 2016 FY 2017 FY 2016
Revenue 1,658.6 1,618.5 1,658.6 1,641.9
NPAT (continuing operations)2 92.1 96.8 (516.9) 38.2
As at 30 June 2017 30 June 2016
Free cash flow3 83.6 32.7
Dividend cps 100% franked(60% UNPAT) 10.6 12.0

Key achievements

» Above-market growth from the Pathology division

  • » A strong result in the Imaging division

  • » Repositioning of the Medical Centre division

  • » Group free cash flow up > 2½ x

  • » Further reduced debt and strengthened balance sheet

  • 1 Underlying performance reflects Primary’s core trading performance.

  • 2 NPAT (continuing operations) excludes MedicalDirector’s result in FY 2016 which is disclosed as profit from discontinued operations .

  • 3 FCF before capital recycling. FY 2016 also before ATO refund and MedicalDirector cash flow.

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DIVISIONAL FY17 HIGHLIGHTS
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FY 2017 Medical Health & Co Pathology Imaging
$M Centres
Revenue 317.8 1.8 1,038.4 333.5
EBIT 49.6 (2.3) 119.5 29.0

Medical Centres

  • » Record GP

  • recruitment, up 38% up from FY16

  • » 92% retention rate

  • » Opening of Corrimal Medical Centre and Brisbane IVF

  • » Dental, occupational health, integrated care

Health & Co

  • » Launch in January 2017

  • » 5 practices within the network

  • » Partnership with Professor Kerry Phelps

Pathology

  • » Above market growth of 4%

  • » EBIT growth of 1% due to increased rental costs

  • » 2018 focus on limiting growth of rental costs

Imaging

  • » EBIT performance up 30%

  • » New centres at River City, Kawana and Holmesglen Private Hospital

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BOARD AND SENIOR MANAGEMENT
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» Board with good spread of skills

  • » Brian Ball retiring

  • » Robert Hubbard re-election

  • » New CEO Dr Malcolm Parmenter

  • » Thanks to:

  • » Peter Gregg

  • » Mal Ashcroft (for acting CEO role)

Board Skills Matrix

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REMUNERATION
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Remuneration policies

» Blend of fixed and at risk remuneration

» Fixed remuneration at midpoint of a range of comparable companies

» Appropriate amount of at risk remuneration granted in share rights » Short-term financial and non-financial incentives with latter predominantly linked to specific projects

» Long-term incentives linked to relative TSR and ROIC targets Status FY17

» STI linked to group performance not granted in FY17

» ROIC targets published with challenging vesting conditions for LTIs

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ROBERT FERGUSON
CHAIRMAN
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DR MALCOLM PARMENTER
MANAGING DIRECTOR & CEO
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CEO ADDRESS
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MACRO ENVIRONMENT

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PATHOLOGY

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MEDICAL
CENTRES
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HEALTH & CO

IMAGING

DIGITAL PROGRAMS

GOVERNMENT POLICY

TRADING UPDATE

INNOVATION IN CARE

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EXECUTIVE TEAM
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Wesley Lawrence Chief Executive Pathology

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Dr Tim Haggett Chief Executive Medical Centres

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Dean Lewsam Chief Executive Imaging

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Maxine Jaquet Chief Executive Health & Co

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Malcolm Ashcroft Chief Financial Officer

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Yvette Cachia People and Legal

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Janet Payne Corporate Affairs

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Scott Beattie Commercial Solutions

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Ryan Fahy Chief Information Officer (Absent)

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CEO ADDRESS
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MACRO ENVIRONMENT

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PATHOLOGY

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MEDICAL
CENTRES
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HEALTH & CO

IMAGING

DIGITAL PROGRAMS

GOVERNMENT POLICY

TRADING UPDATE

INNOVATION IN CARE

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2017 ANNUAL GENERAL MEETING

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