Ryman Healthcare (RYM) investor relations material

Portfolio and operational overview

• Operates 47 retirement villages with 9,959 units and 4,686 aged care beds across NZ and Australia, serving 15,547 residents.

• Average age of entry for independent residents is 80.2 years; average village age is 11.8 years.

• Two villages closed during the year, resulting in a net reduction of 95 beds and 64 units.

• Team member count remains stable at 7,778.

Financial performance and strategy

• Free cash flow turned positive for the first time in a decade at $188m, with operating EBITDAF up 94% to $88m.

• Net interest-bearing debt reduced by $94m to $1.57b; gearing improved to 27.8%.

• Operating revenue increased 10% to $849.1m; PBTF loss narrowed to -$73m from -$385m.

• $57m in annualised cost savings achieved over two years, with a 40% reduction in non-village headcount.

• Land divestment target raised to ~$250m, with $147m already contracted.

Cost management and efficiency

• Gross non-village costs reduced by 25% and headcount by 39% since FY24.

• Normalised gross non-village costs per resident fell from $10k to $7.8k over two years.

• Targeting gross non-village costs below $100m by FY29, with investments in digital and AI for productivity.