FY23 Full-Year Results Presentation
Regis Healthcare Limited | FY23 Full-Year Results Presentation
Financial Summary
$ millions
Revenue from services
Other income1
Staff expenses
Underlying EBITDA²
NPATA²
Net operating cash flow
Net RAD cash inflow
FY23
FY22
▲ FY22
to FY23
780.6
725.3
117.0
71.6
7.6%
63.4%
591.2
550.4
7.4%
83.3
78.1
6.7%
► Revenue from services benefitted from improved occupancy, new AN-ACC funding model
from 1 October 2022, and additional resident funding
Average occupancy improved from 89.8% to 91.5%³
Other income included imputed income on RADS per AASB 16 of $62.9 million, Government
grant income of $32.5 million and gains on disposal of non-current assets of $11.7 million
► Increase in staff expenses due to:
• Continued workforce shortages leading to increased agency and overtime
28.5
3.9
630.8%
105.2
114.8
43.6
83.9
(8.4%)
(48.0%)
•
EA and Award wage increases
Capital expenditure
53.5
48.6
Net debt
6.0
102.9
Average occupancy %³
91.5%
89.8%
Staff expenses / revenue from services %
75.7%
75.9%
10.1%
(94.2%)
1.7 pts
(0.2 pts)
Basic EPS (cents per share)
(9.47)
(12.90)
Care Minutes - FY23
Registered Nurses
Enrolled Nurses/
Personal Care Workers
Total
Q1
Q2
Q3
29.9
30.4
29.4
Q44
32.5
135.4
139.6
143.3
146.3
165.3
170.0
172.7
178.8
Recruitment of frontline staff to address Government care minute mandate
► Net operating cash flow of $105.2 million included net RAD cash inflow of $43.6 million
Net cash flows from operating activities before RADS increased 145% to $60.2 million
Capital expenditure of $53.5 million (FY22: $48.6 million) included $15.0 million purchase of
development land in Carlingford, NSW, refurbishment, and strategic technology investment
Net debt down 94.2% to $6.0 million following strong cash generation and the rationalisation
of non-income producing assets
Regis' care minutes have improved each quarter as the Company has repurposed roles to
direct care, decentralised certain support roles and invested in additional aged care workers
Regis is well placed to meet mandated targets for personal care workers
Given global shortage of nurses, Regis has invested in initiatives to attract a greater number
of registered nurses, including expansion of recruitment capability, providing enhanced
career pathways, and working with various partners to recruit candidates
¹Includes $62.9 million of imputed income on RADS and Bonds (FY22: $62.4 million)
2Refer page 29 for definitions of Non-IFRS financial measures
3Based on FY23 average available operational places of 6,980 (FY22: 7,056)
4As submitted to DHAC - 4 August 2023
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