Annual Shareholders’ Meeting – Address and Presentation

RADIUS RESIDENTIAL CARE LIMITED
Level 4, 56 Parnell Road, Parnell, Auckland, New Zealand
Phone 09 304 1670 www.radiuscare.co.nz
Caring is our calling
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021 Radius Residential Care Limited Annual Shareholders’ Meeting
Executive Chair and Managing Director’s Address
[SLIDE 1: ANNUAL MEETING OF SHAREHOLDERS]
Good morning, I’m Brien Cree. I’m Executive Chair and Managing Director of
Radius Residential Care Limited.
It’s my pleasure to welcome you all to our first annual shareholder meeting as an
NZX listed company. Like many listed companies we have had to change from a
hybrid meeting to an online-only meeting. COVID-19 has made the last few weeks
very challenging and, as the Executive team is Auckland-based, it’s uncertain just
when we will be able to again meet in person for these types of meetings.
[SLIDE 2: AGENDA]
You will see that the slides that support my presentation are on your screen. Our
order of proceedings is that I will comment on the highlights of the period since
Radius Care listed on NZX and, as we’re now almost six months past our 31 March
balance date, I’ll provide you with an update on current activity. We’ll then
attend to the resolutions, where we’ll cover each resolution in turn and I’ll invite
questions specific to each of those items.
A guide to virtual meetings was sent to you with the Notice of Meeting however I
will run through how to ask questions and how to vote. It’s very straightforward.
[SLIDE 3: HOW TO ASK A QUESTION]
Firstly, the process for asking questions. Questions can be submitted at any time
from now on. To ask a question, press on the Q&A speech bubble icon as
indicated on this slide. Type your question into the field and press send. Your
question will be immediately submitted. Should you require any assistance, you
can type your query and one of the Computershare team will assist with the chat
function and reply to your query. Alternatively, you can call Computershare on
0800-650-034.
I’ll answer questions at the end of my presentation, while we are addressing the
resolutions and again before I close the meeting so please use the Q&A function
to send through any questions that you have. Please note that your questions
may be moderated or, if we receive multiple questions on one topic, these will be
combined. However, if you don’t feel your question has been addressed, please
resubmit it.
To ensure all shareholders have a chance to ask a question, I ask that you limit
yourself to asking no more than two questions.
If there are technical issues, we will make sure that we respond to all questions in
writing following the meeting.

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[SLIDE 4: HOW TO CAST YOUR VOTE]
Now for the voting process. If you’re eligible to vote, you will be able to cast your
vote under the Vote tab – as shown on this slide.
Once the voting has opened, the resolutions will allow votes to be submitted. To
vote, simply select your voting direction from the options shown on screen. You
can vote for all resolutions at once or by each resolution. Your vote has been cast
when the tick appears. To change your vote, simply select ‘Change Your Vote’.
You have the ability to change your vote, up until the time I declare voting closed.
I now declare voting open on all items of business. The resolutions will now be
open in the vote tab, please submit your votes at any time. I will give you a
warning before I move to close voting.
[SLIDE 5: WELCOME]
I am pleased to confirm that we have a quorum given we have more than five
shareholders present online or by proxy and therefore I declare this meeting
open.
The items of business for this meeting and the resolutions to be considered by
shareholders are contained in the Notice of Meeting that was sent to
shareholders on August 25th
I would now like to introduce my fellow Directors who are all in attendance
online. They are:
•Duncan Cook, a director of the company since 2010 and Chair of the
Remuneration and Human Resources Committee
•Mary Gardiner, one of our two independent directors who joined the Board
last year and is a member of the Audit and Risk Committee and the
Remuneration and Human Resources Committee;
•Bret Jackson is a Non-Executive Director who joined the Board in 2014. Bret is
a member of the Remuneration and Human Resources Committee.
•Hamish Stephens, an independent director who, like Mary, joined the Board
in December 2020. Hamish chairs our Audit and Risk Committee.
•And Tim Sumner is joining us from the United States. Tim is a Non-Executiv
e
D
irector, a member of the Audit and Risk Committee, and joined the Board in
2014.
I would also like to note that the members of our senior management team are
online today together with:
•Our lawyers, Harmos Horton Lusk;
•Our auditors, Baker Tilley Staples Rodway; and
•Our registrar, Computershare.
A warm welcome to you all.
[SLIDE 6: RADIUS C ARE AT A GLANCE]

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Radius Care is a leading provider of high acuity, aged residential care. Our
business is very different to other New Zealand aged care providers in that we are
more a medical and aged care provider and less a property developer.
We have been in business since 2003, growing the portfolio of facilities to 22
aged care facilities and two retirement villages. We will continue to grow the
scale of the business through a combination of organic growth, development and
acquisitions.
Today Radius operates 22 facilities across New Zealand. Of these, the land and
buildings of 15 are leased and seven are owned.

[SLIDE 7: HIGH ACUITY AND SPECIALIST AGED CARE PROVIDER]
We currently offer 1,715 Care Beds and we have plans to add an additional 194.
84 of these are at existing owned facilities which we plan to complete over the
next two years. Another 70 are associated with the Northwood development and
40 will be at leased facilities.
The two retirement villages we own are alongside our care facilities. There are a
total of 76 retirement village units in these villages. We have plans to add an
additional 164 units or care suites. 20 of these are at existing owned facilities
which we plan to complete over the next two years. Another 124 will be at the
Northwood development and 20 will be at leased facilities.
Our workforce numbers over 1,500 staff. This dedicated group is at the front line
of providing care every day to some of the most vulnerable and high needs New
Zealanders. Keeping our residents safe and protected is the highest priority for
our staff, your board and for me. Radius has strong protocols and policies in place
for each Covid level and we led the industry in New Zealand with our early
response to the threat of COVID-19. We continue to maintain that high standard
and our staff are well trained in infection control. Our current Vaccination rate for
staff is close to 85% with residents above 88%.
[SLIDE 8: STRONG OCCUPANCY GROWTH]
The fundamentals of the New Zealand care industry offer Radius Care very strong
growth opportunities. The proportion of New Zealanders over the age of 65 is
growing. This trend is set to continue into the foreseeable future which is positive
for Radius Care. As the population ages, so too does the level of dependency and
a need for more specialised care. This is a key driver of demand for both aged
care and retirement villages.
In a review undertaken in August 2019, accounting and business advisory firm
Ernst Young forecast continuing increases in demand for hospital and dementia
care beds and an increase in demand for psychogeriatric beds. This is the market
that Radius caters for.
These trends have been a major factor behind the growth in Radius Care’s
average bed occupancy rates. The average is around 80% for the industry in New
Zealand however Radius Care’s occupancy rate at 31 March was 93.4% and for

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the month of August 2021 was 92.9%. Looking across the portfolio, f or the 2021
financial year, 11 of our 22 facilities were operating with an average occupancy of
greater than 95%.
[SLIDE 9: GROWING EBITDA PER CARE BED]
We continue to focus on growing EBITDA per care bed. We achieve this by:
• Firstly, increasing the number of beds;
• Secondly, providing premium accommodation that is eligible for an
accommodation supplement; and
• Thirdly, delivering services efficiently and by being recognised as offering
superior levels of care.
[SLIDE 10: RADIUS STRATEGY]
Our strategy for growing the bed portfolio captures the very real opportunity for
Radius Care that is driven by the expected growth in demand. Our strategy to
capture this growth has four facets:
• Firstly, redevelopment within our 22 facilities. We have considerable
experience of this type of development.
• Secondly, exercising our first right of refusal on leased facilities. The
Ohaupo transaction we undertook a couple of months ago is a good
example of this. The number of facilities Radius leases reduced from 19
to 15 and we will reduce our lease outgoings this year by around $1.5m
and for a full year by $2.2m. We expect to add 40 Care Beds/Care Suites
on these sites. Last year we earned EBITDA per care bed of $19,505;
• Thirdly, Greenfields developments - the classic clean sheet of paper type
of development. An example of this is the development we will
undertake at Northwood, a 4.3ha site at Belfast in Christchurch. I’ll talk
about where that project is up to a little later in my presentation.
• And lastly, existing facilities that we buy from another operator. The New
Zealand aged care industry is highly fragmented and we have significant
scale advantages we can bring to bear.
In July this year we announced the proposed Ohaupo acquisition of four facilities
- Taupaki Gardens located at Kumeu; Windsor Court at Ohaupo, between
Hamilton and Te Awamutu in the Waikato; Heatherlea in New Plymouth; and
Elloughton Gardens in Timaru. These facilities are all run by Radius Care but the
land and buildings were not owned by us.
The acquisition required shareholder approval which was granted. Thank you for
the very strong level of support you gave to this transaction. Radius Care
completed a capital raise and accepted the full amount of oversubscriptions in
the institutional Placement and in the Retail Offer. A total of $48.2 million was
raised. This allowed us to buy the Ohaupo assets as well as pay down around $8m
of debt and retain $6.3m in cash for future growth.
SLIDE 11: FY22 UPDATE

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Now to an update on Radius Care’s operations. For the five months to the end of
August 2021 (excluding the impact of the Ohaupo acquisition):
• Revenue and occupancy were stronger than for the same period last year;
• Offsetting this are some COVID-19 related cost increases related to border
and supply chain issues as well as increased labour and consumable costs
which as a result are higher than last year;
• The supply chain costs issues are now resolved so are not expected to impact
the remainder of FY22
• The addition of the Ohaupo assets to the business will generate savings in
lease costs of $1.5m in FY22. Those costs will be $2.2m lower for a full 12
month period.
• The successful capital raise of over $48m to fund the Ohaupo acquisitions
provided $14.3m of available cash. As I mentioned previously, $8m of this
was applied to debt reduction a nd we have an additional $6.3m of cash
available for investment in growth.
• A new $62m banking facility has been put in place with the ASB, our
longstanding banking partner. This is available to fund accretive acquisitions,
brownfield and greenfield developments, providing us with considerable
additional growth capacity.
• Planning is well underway for the brownfield expansions we’ve previously
talked about at some of the properties that were acquired in the Ohaupo
transaction.
• Recently our CEO, Stuart Bilbrough, told us he wanted a change of direction.
Stuart was the Radius Care CFO from 2010 to 2017. He rejoined us mid last
year and helped refresh the long term growth strategy, the move to an NZX
listing and the recent capital raise. The work that Stuart’s done over many
years for Radius is hugely appreciated and we’ll miss him. A recruitment
process is underway and I expect that will take a few months.
• Work is also underway at the Northwood site in Christchurch. Let ’s have a
look at some visualisations.
SLIDE 12: NORTHWOOD FACILITY
This is a 4.3 ha site that we exercised our option to buy in April. We’re going to
build an integrated aged care and retirement facility with 70 care beds, 30 care
suites and a 94 unit retirement village. We expect the facility to be completed in
June 2024. Occupation rights for the retirement village will go on sale in May
2023.
SLIDE 13: RESOLUTIONS
I would now like to move on to the formal voting on the resolutions. Only
shareholders, proxy holders or corporate representatives of a shareholder may
vote on today’s resolutions.
All resolutions are ordinary resolutions and are required to be passed by a simple
majority of votes. The resolutions that we’ll be voting on today are as follows:

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• Resolution 1: That the directors be authorised to fix the fees and
expenses of Baker Tilly Staples Rodway as auditor for
the ensuing year.
• Resolution 2: That I be re-elected as a director of Radius Care; and
• Resolution 3: That Duncan Cook be re-elected as a director of Radius
Care.
Voting will be done by way of poll for each of the resolutions.
No seconding of resolutions is required.
As Resolution 2 is in relation to me I will hand over to Duncan Cook to chair this
part of the meeting.
The Board recommends shareholders vote in favour of all of the resolutions,
noting that:
• I have abstained from making a recommendation on Resolution 2 in
relation to my re-election; and
• Duncan has abstained from making a recommendation on Resolution 3 in
relation to his re-election.
The directed proxy votes received will be displayed for your information after
voting on all three resolutions.
I’ll now move onto each of the resolutions set out in the Notice of Meeting which
includes explanatory notes for each of the resolutions. I will take the text of each
resolution as read.
SLIDE 14: RESOLUTION 1

Resolution 1 relates to the remuneration of auditors.

This proposed ordinary resolution is to authorise the Directors to fix the auditor’s
remuneration for the 2022 financial year. In accordance with the Companies Act,
Baker Tilly Staples Rodway has been automatically reappointed as Radius Care’s
auditor. As is usual with audit fees, due to the complexity and changing nature of
our business activity, it is not possible to fix the remuneration at this point. I now
move, as an ordinary resolution, that the Board is authorised to fix the auditor’s
remuneration for the coming year.

Are there any questions on this resolution?

[Q&A discussion on resolution 1, if any]

Thank you. Please now select either “For”, “Against” or “Abstain” for Resolution
1.

Resolution 2 relates to my re-election as a director so I will now hand over to
Duncan Cook to chair this part of the meeting.

SLIDE 15: RESOLUTION 2

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Thanks Brien.

Radius became NZX listed in December 2020 and is required to comply with the
NZX Listing Rules. As a private company Radius Care wasn’t required to have
director terms however the NZX Rules require terms of no more than three years
and that a Managing Director’s appointment must be voted on by shareholders.
We literally drew straws to set the director rotation cycle and Brien and I are
before you today for re-election.

Brien was first appointed to the Board in 2003. Until mid-last year he was Chief
Executive, moving at that point to the role of Executive Chair and Managing
Director. With the recent resignation of Stuart Bilbrough, Brien is our Acting CEO
and will lead the company until a permanent appointment is made.

A brief biography of Brien was included in the Notice of Meeting. Brien, being
eligible, offers himself for re-election, and the Board unanimously supports his re-
election. Unconflicted directors recommend that shareholders vote in favour of
Resolution 2.

I now move, as an ordinary resolution, having retired by rotation, that Brien Cree
be re-elected as an Executive director.

Are there any questions on this resolution?

[Q&A discussion on resolution 2, if any]

Thank you. Please now select either “For”, “Against” or “Abstain” for Resolution 2
on your screen.

We’ll now move to the next resolution, and I’ll pass you back to Brien.

SLIDE 16: RESOLUTION 3

Thanks Duncan

Resolution 3 relates to Duncan Cook’s re-election as a director

Duncan is a hugely valued member of the board. A brief biography of Duncan was
included in the Notice of Meeting. Being eligible, he offers himself for re-election,
and the unconflicted members of the Board unanimously support his re-election.
We recommend that shareholders vote in favour of Resolution 3.

I now invite Duncan to briefly address the meeting on his proposed re-election.
Duncan, over to you.

[Personal remarks from Duncan]

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Thanks Duncan. I now move, as an ordinary resolution, having retired by rotation,
that Duncan Cook be re-elected as a Non-Executive director.

Are there any questions on this resolution?

[Q&A discussion on resolution 3, if any]

Thank you. Please now select either “For”, “Against” or “Abstain” for Resolution
3 on your screen.
Thank you. We’ll now move to finalise the voting and will answer general
questions

Once all the votes have been cast, they will be counted by the Company’s share
registrar, Computershare. The results of today’s meeting will be released to the
NZX on the completion of verification of voting. If you have not already done so,
please cast your votes now.

SLIDE 17: PROXY VOTES RECEIVED

You will now see on the screen the votes that were received up to the time proxy
voting closed on Monday morning.
My fellow directors and I will vote all undirected proxies in favour of the
resolutions.
We’ll now move to finalise the voting and you have the opportunity to ask any
questions relating to the resolutions or to any aspect of Radius Care’s business.

SLIDE 18: QUESTIONS – REMINDER

If there are any questions on any of the resolutions covered today at the meeting
that you would like to raise, please do so now through the Q&A function.

[Q&A if any] WAIT AROUND 1 MINUTE

Ladies and gentlemen that concludes our discussion on the items of business. In a
couple of minutes, I’ll close the voting system. Please ensure that you have cast
your vote on all three resolutions. I’ll now pause to allow you time to finalise
those votes.

[wait for 30-60 seconds]

Voting is now closed. The results of all votes will be released to the NZX later
today. Ladies and gentlemen, there does not appear to be any further business
for discussion. That brings us to the end of formal business for this Meeting of
shareholders of Radius Residential Care Limited.

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This meeting has been another first for Radius Care – its first as an NZX listed
company. I am disappointed we have not been able to meet shareholders in
person. I do hope that at our annual meeting next year some of you will be able
to be in the room with us.

The company is in good shape and we will report to you on the first six months of
the 2022 financial year in late November so I look forward to talking with you
again then. The appointment of a new CEO is a high priority for us and we will let
you know once an appointment is made.

In the meantime please take good care of yourselves, get vaccinated and scan
COVID QR codes wherever you go.

SLIDE 19: THANK YOU
I now declare the meeting closed.

Thank you.

[ENDS]

---

1
Radius Care
Annual Meeting of Shareholders22 September 2021

2
Radius Care
2021 ANNUAL MEETINGAgenda
22
Business Update
Chair Introduction
11
33
Questions
44
Resolutions
55
Voting
66
General Questions and Close

3
Radius Care
How to Ask a QuestionWritten Questions:
Please select the Q&A tab on
the right half of your screen at anytime. Type your question into the field and press submit. Your question will be immediately submitted.Help:
The Q&A tab can also be used for immediate
help. If you need assistance, please submit your query in the same manner as typing a question and a Computershare representative will respond to you directly.

4
Radius Care
How to Cast Your Vote
Shareholder & Proxyholder VotingOnce the voting has been opened, the resolutions and voting options will allow voting.To vote, simply click on the Vote tab, and select your voting direction from the options shown on the screen. You can vote for all resolutions at once or by each resolution.Your vote has been cast when the tick appears. To change your vote, select ‘Change Your Vote’.

Radius Care
Welcome

6
Radius Care
4.2% 95.8%
Units
Care Beds
Radius Careat a Glance
National aged care focused portfolio with strong regional presenceNational aged care focused portfolio with strong regional presence
Residents and EmployeesResidents and Employees
1,500+
employees
1,700+
beds
Denotes leasehold sites
Denotes freehold sites
AUCKLAND
Sites
Beds
ILUs
Total
Leased
2
188
-
188
Owned
1
60
-
60
WAIKATO
Sites
Beds
ILUs
Total
Leased
3
258
-
258
Owned
2
76
22
98
NEW PLYMOUTH
Sites
Beds
ILUs
Total
Owned
2
118
-
118
NORTHLAND
Sites
Beds
ILUs
Total
Leased
3
155
-
155
BAY OF PLENTY
Sites
Beds
ILUs
Total
Leased
2
266
-
266
Owned
1
63
-
63
NAPIER
Sites
Beds
ILUs
Total
Leased
1
45
-
45
PALMERSTON NORTH
Sites
Beds
ILUs
Total
Leased
162 -
62
CANTERBURY
Sites
Beds
ILUs
Total
Leased
2
193
-
193
Owned
3
138
54
192
Units vs Care BedsUnits vs Care Beds
OTAGO
Sites
Beds
ILUs
Total
Leased
193 -
93

7
Radius Care
Radius Care at a Glance PROVIDING SPECIALIST AND AGED CARE SERVICES ACROSS NEW ZEALANDRadius Care operates 22 aged care facilities nationally, comprising more than 1,700 aged care beds. We own seven of these facilities and lease 15 from 3rd party property investors. We also own two retirement villages comprising of 76 units.
Radius Care Owned
Leased from 3
rd
Parties*
Total
Existing PortfolioSites
71522
Aged Care Beds
455
1,260
1,715
Retirement Village Units
76
-
76
Total Places
531
1,260
1,791
Existing Facility Planned Expansion and Landbank
Aged Care Beds
154
40
194
Retirement Village Units
144
20
164
Total Existing + Landbank
829
1,320
2,149
* All leases are triple net lease and long term in nature - with
an average term to next renewal of 10.2 years but 24.3 years af
ter
accounting for all renewals.
Portfolio summary as at 31 August 2021Portfolio summary as at 31 August 2021
Announcement on 8 July 2021 of intention to raise capital to buy four properties previously leased

8
Radius Care
Growing Occupancy v.s. industry
3
Growing Occupancy v.s. industry
3
3. Increasing years in dependency3. Increasing years in dependency
•
Life expectancy is increasing but more years are being spent in dependency
0%2%4%6%8%
Jan-03
Jan-08
Jan-13
Jan-18
Jan-23
Jan-28
Jan-33
Jan-38
Jan-43
Jan-48
Jan-53
Jan-58
Rolling 5-year pop.
CAGR (%)
65 - 85 5-yr CAGR
85+ 5-yr CAGR
Aged care demand peak
growth from 2023 - 2043
Occupancy growth underpinned by supportive industry backdrop of
(1) aging population (2) increasing bed demand particularly for
high
acuity and specialist care and (3) ri
sing years in spent in dependency.
Increasing number of high occupancy facilitiesIncreasing number of high occupancy facilities
88
7
11
9
3
7
7
5
4
2
5
6
4
2
05
10152025
FY18
FY19
FY20
FY21
Number of Facilities
95.0% to 100%
90.0% to 94.9%
85.0% to 89.9%
<85%
2. Increasing high acuity bed demand
2
2. Increasing high acuity bed demand
2
-
2,0004,0006,0008,000
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
Actual
Projection
Bed days (000s of days)
Dementia
Hospital
Psychogeriatric
Resthome
1. Aging New Zealand population
1
1. Aging New Zealand population
1
Strong Occupancy Growth
85%87%89%91%93%95%97%99%
101%
Jun-19
Sep-19
Dec-19
Mar-20
Jun-20
Sep-20
Dec-20
Mar-21
Occupancy rate
Radius Care (monthly)
Industry average (quarterly)
1 Source: Statistics New Zealand2 Source: EY Aged Residential Care Funding Model Review analysis using ARC model, August 2019. Historical information based on
actual demand data per the ARC demand model which EY have extended using the past 5 year trend over the projection period.
3 Source: Industry information based on NZACA Occupancy – TAS Aged Residential Care Quarterly Reporting Survey as at 31 March 20
21. Includes ORA ARRC-certified beds and residents.

9
Radius Care
Underlying EBITDA per Care Bed ($000)
•
Occupancy has increased from 89.1% in FY18 to 92.4% in FY21
Increasing underlying EBITDA per care bed
1
Increasing underlying EBITDA per care bed
1
2.
Growing accommodation supplements
2.
Growing accommodation supplements
3.
Strong wage control
3.
Strong wage control
18.3
17.9
17.2
19.5
05
101520
FY18
FY19
FY20
FY21
51.9
57.6
62.8
64.4
52.9%
54.1%
56.1%
53.9%
0%20%40%60%
0
20406080
FY18
FY19
FY20
FY21
$m
Direct Employee Costs
% of Direct Revenue
$3.03
$4.07
$4.92
$5.61
$1,819
$2,400
$2,902
$3,300
01,0002,0003,0004,000
0123456
FY18
FY19
FY20
FY21
Accommodation supplement per
Care Bed NZ$
Accommodation supplements
NZ$m
Accommodation supplements (LHS)Accommodation supplements per available Care Bed (RHS)
1. Strong occupancy1. Strong occupancy
Growing Underlying EBITDA per Care Bed
1 Underlying EBITDA for aged care segment divided by the average number of care beds occupied during the period

10
Radius Care
GO FORWARD STATERGY
HISTORICAL TRACK RECORD
CURRENT STATUS
1.
Purchase of strategically
important facilities already operated by Radius
•
Lexham Park (FY20) – 63 Care Beds
•
Thornleigh Park (FY14) – 63 Care Beds
•
St Helenas (FY14) – 52 Care Beds
$48m capital raise funded the acquisition of sites previously leased:•
Taupaki Gardens – 60 Care Beds
+ 20 Care Beds added to the owned Brownfield
Development pipeline
•
Windsor Court – 76 Care Beds,
co-located retirement village
already owned by Radius
Care
+
20 Care Beds added to the owned Brownfield Development pipeline
•
Elloughton Gardens – 86 Care Beds,
with co-located retireme
nt village already owned
by Radius Care
•
Heatherlea – 55 Care Beds
2.
Brownfield development
•
Windsor Court (FY18) – 15 Care Beds
•
Waipuna (FY17) – 28 Care Beds
•
Elloughton Gardens (FY17) – 27 Care Beds
Further progress made on Brownfield Developments•
Thornleigh – 24 Care Beds – resource consent obtained
•
Lexham Park – 20 Care Suites and 20 Care Beds – resource consent underway
More detailed work underway on Brownfield Opportunity
3.
Greenfield development
Greenfield Development on owned facilities undertaken and funded by Radius Care:•
Elloughton Grange Village (FY21) – 54 Units
Greenfield Development on leased facilities undertaken with and funded by landlords:•
Glaisdale (FY18) – 80 Care Beds
•
Millstream (FY18) – 80 Care Beds
•
As announced in April 2021, Radius Care has exercised its right to acquire c. 4.3 hectares of land
•
Settlement of the land is expected to take place between December 2021 and March 2022
•
Work progressing on final design, building consents and construction discussions
•
Multi-stage program provides funding flexibility
More detailed work underway around flexible multi-stage programme
4.
Opportunistic value accretive
acquisition
•
Acquired the operations of 26 aged care facilities and retirement villages comprising 1,998 Residences since 2003
•
Continuing to seek and evaluate potential acquisition opportunities
Executing the growth strategyFocus continues on the execution of Radius Care’s growth strate
gy, with the purchase of land and
buildings at four leased prop
erties and the
exercise of Radius Care’s option to acquire the 4.3
hectare Belfast, Christchurch site being key milestones
Growth Strategy

-
Execution of strategy



11
Radius Care
* PCP is prior comparative period ie the 5 months to 31 August 2020
FY22 Update
Bed occupancy and revenue to 31 August up on PCP
*
Bed occupancy and revenue to 31 August up on PCP
*
Border and supply chain issues caused by COVID-19 increased labour and consumable costs which as a
result are higher than PCP*
Offset by:$2.2m reduction in annualised lease costs from properties acquired in Ohaupo transactionBorder and supply chain issues caused by COVID-19 increased labour and consumable costs which as a
result are higher than PCP*
Offset by:$2.2m reduction in annualised lease costs from properties acquired in Ohaupo transactionCEO recruitment underwayCEO recruitment underwayNorthwood, Christchurch new facility development underwayNorthwood, Christchurch new facility development underway$48m capital raise$48m capital raiseNew $62m banking facilityNew $62m banking facility

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NORTHWOOD

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Resolutions

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AUDITOR REMUNERATION
RESOLUTION 1
“That the directors be authorised to fix the fees and expenses of Baker Tilly Staples Rodway as auditor for the ensuing year.”

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DIRECTOR RE-ELECTION
RESOLUTION 2
“That Brien Cree be re-elected as a director of Radius Care.”

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RESOLUTION 3
“That Duncan Cook be re-elected as a director of Radius Care.”DIRECTOR RE-ELECTION

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Proxy Votes Received
1
Resolution 1 – That the directors be authorised to
fix the fees and expenses of Baker Tilly Staples
Rodway as auditor for the ensuing year
PROXY VOTES LODGED
FOR
AGAINST
DISCRETIONARY
ABSTAIN
161,620,239
161,175,161
6,950
438,128
0
Resolution 2 – That Brien Cree be re-elected as a director
PROXY VOTES LODGED
FOR
AGAINST
DISCRETIONARY
ABSTAIN
161,620,239
161,151,411
15,950
421,878
31,000
Resolution 3 – That Duncan Cook
be re-elected as a director
PROXY VOTES LODGED
FOR
AGAINST
DISCRETIONARY
ABSTAIN
161,620,239
160,285,382
880,729
423,128
31,000
1
Representing in total 60.03% of securities able to be voted.

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Questions?

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Thank You