FY23 Full-Year Results Presentation
Regis Healthcare Limited | FY23 Full-Year Results Presentation
Lack of Quality New Beds to Meet Future Demand
Elevated demand for quality aged care homes
Ageing population with acute and sub-acute healthcare
needs set to support demand
Baby Boomer generation will demand higher
quality and more premium service offering
Circa 220,000 operational places in Australia at 30 June 20221, below
forecast required residential aged care places of over 300,000 by 2030²
Limited supply to service increasing demand
New work and refurbishment of residential aged care facilities peaked prior
to COVID-19
Inadequate Government funding, regulatory uncertainty, and COVID-19,
has led to limited supply of quality new beds entering market in recent years
Development approval delays and heightened building costs exacerbating
supply squeeze
► Approx. 25% of current accommodation no longer fit for purpose²
• Circa 135,000 new and refurbished beds required to be built
Based on current cost of development, approx. $50 billion capital will need
to be invested to close the gap
Forecast Residential Aged Care Places Required ('000s)²
350
300
250
200
150
100
50
FY24
FY25
FY26
FY27
FY28
FY29
FY30
Existing Replaced New
Value of Building Work Completed in the Australian Aged Care sector ($m)³
800
700
600
500
400
300
200
100
1Australian Government - Australian Institute of Health and Welfare - GEN Aged Care Data
2ACFA Ninth Report On The Funding and Financing of the Aged Care Industry (July 2021)
3Australian Bureau of Statistics (ABS) Building Activity, Australia - March 2023
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Jun-18
Jun-19
Jun-20
Jun-21
Jun-22
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