Annual Shareholders’ Meeting – Presentation

Promisia
Healthcare
Limited
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2022 Annual
Shareholders’ Meeting

AGENDA
•Chair’s Presentation
•CEO Presentation
•Shareholder Discussion
•Resolutions
•Other Business
•Close of the Meeting
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BOARD
STEPHEN UNDERWOOD
Independent Chair
THOMAS BRANKIN
Executive Director
HELEN DOWN
Independent Director
ANDREW MITCHELL
Executive Director
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MANAGEMENT
STUART BILBROUGH
Chief Executive Officer
VIRGINIA DYALL-KALIDAS
General Manager Group Facilities
ANGIE MEHLHOPT
Financial Accountant

CHAIR’S
PRESENTATION
Stephen Underwood
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OUR PORTFOLIO
Promisia Healthcare has a portfolio of
four aged care facilities, specialising in
high needs and specialised aged care.
Our group comprises more than 350
available beds and 16 independent living
villas, with a further 28 villas under
construction.
All facilities are fully owned by Promisia.
Attractive Locations:
Located in well established and well
serviced urban areas and are integrated
into their local communities.
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Ranfurly Manor
Fielding
Beds162
Villas10
Staff168
SiteOwned
Nelson Street
Fielding
Beds49
Villas-
Staff45
SiteOwned
Eileen Mary
Dannevirke
Beds58
Villas6
Staff58
SiteOwned
Aldwins House
Christchurch
Beds145
Villas-
Staff61
SiteOwned

Aldwins House, Christchurch
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Eileen Mary, Dannevirke
Nelson St, FieldingRanfurly Manor, Fielding

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Increased occupancy at Aldwins House
Commenced the Ranfurly Village
development
Ongoing: Marketing and sales of new
villas and care suites at Ranfurly
•In progress: Standardisation of systems
across the group
•In progress: Development of people
strategy
POSITIVE PROGRESS AGAINST
FY22 STRATEGIC OBJECTIVES
FY22 HIGHLIGHTS AND KEY
EVENTS
•First full year operating in the aged care
sector
•Continued to deliver high quality care
within the challenges of the Covid-19
environment
•Positive progress against strategic
objectives
•Primary focus on building occupancy of
Aldwins House and strengthening the
operational platform of the business
•Acquisition of Aldwins House land and
buildings
•Appointment of Stuart Bilbrough as CEO
•Appointment of Andrew Mitchell to the
Board

FY22 SUMMARY OF FINANCIAL PERFORMANCE
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Financial Year
NZ $000’s
FY22FY20/21*
5 months
Operating Revenue18,9966,060
Gain on lease termination943-
Fair value movement(222)1,250
EBITDAF
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4,473(234)
Net profit after tax2,02756
Total assets51,53558,227
Cash and cash equivalents2,4111,219
Debt17,15417,833
Net operating cashflow3,755566
•Profitable business with strengthening
cashflows and balance sheet
•Total income of $19.9m includes gain on lease
termination of $0.94m
•Earnings excluding fair value movements
(EBITDAF) were $4.5m
•Net gain after tax on continuing operations
$2.0m
•Total assets $51.5m, including cash and cash
equivalents of $2.4m
•Net debt $17.2m as at 31 March 2022, in line
with the prior year
•Investment property values down through
forecast national property value tightening.
1. EBITDAF is operating earnings before interest, tax, depreciation, amortisation and fair value adjustments
*Prior FY20/21 period reflects five months of operation as an aged care business

OUTLOOK
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OUR STRENGTHS
•New leadership with many years’ industry involvement
•A diversified growth strategy
•Stable revenue streams with significant growth
opportunity
•High calibre employees
•Local facilities in strong communities
•Existing growth opportunities
FY23: Expect continued growth in earnings as
strategic initiatives are progressed

CEO’S
PRESENTATION
Stuart Bilbrough
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ATTRACTIVE SECTOR OPPORTUNITY
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Strong demand underpinned
by favourable population
demographics
The number of people in New Zealand aged over 75 will double from
350,000 to 600,000* over the next decade. The aged care facilities and
retirement villages currently available in New Zealand cannot accommodate
the expected increase in demand and new facilities will need to be built.
Growing demand for high
needs and specialist aged care,
particuarly in regional New
Zealand
12% of people over 75 are in care. 3,000 new care beds are required in New
Zealand each year. There are insufficient beds being built to cater for the
demand, particularly in regional New Zealand
Retirement villages currently
cater for a low % of those over
75.
There are approximately 49,000* residents in retirement villages.This is 14%
of all adults over 75. Based on a this percentage, this will increase to 84,000
over the next decade. JLL estimates an average build per annum of 1,864
unitswhich is too low to meet likelydemand.
Variety of care and business
models in the sector, with
different care offerings
Business models range from companies focused on building retirement
villages with villas and apartments which do not provide care (independent
living), through to higher needs care providers. Growing demand for
continuity of care with higher care offerings on site.
* Source: JLL Research, Statistics New Zealand

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FY23 STRATEGIC OBJECTIVES
1.Continue to grow occupancy.
2.Broaden revenue mix through growing
the occupational rights agreement side
of the business. This reduces reliance on
Government funding.
3.Look at bed mix opportunities where
hospital level care tends to yield a
higher margin than rest home.
4.Standardisation of systems across the
Group and development of people.
5.Continuing to look at opportunities to
develop independent living villas and
care suites on new and existing sites.
1.A big focus for 2023 is to continue to
increase the occupancy and operational
efficiencies at Aldwins House. This
facility is now breaking even financially
and expected to be profitable this
financial year.
2.We have recently hired a full time Sales
Executive to focus on selling the villas
and care suites at Ranfurly Manor.
3.Improvement of systems and processes
especially around rostering is a key early
focus of the FY23 year.
4.We are focusing on value adding roles
that will support and grow the Promisia
Healthcare business.
5.Developments are being investigated as
part of the longer term growth strategy.

INCREASING OCCUPANCY AT
ALDWINS HOUSE, CHRISTCHURCH
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•Progressive opening of facility
to meet demand
•Increased occupancy from 22
beds to 90 beds out of 100 beds
currently available
•Further 45 beds to become
available in FY23
•Full Occupancy capacity is 145
beds
•Acquisition of Aldwins House
land and buildings in April 2022.

BROWNFIELD DEVELOPMENT:
RANFURLY VILLAGE
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•Ranfurly Manor is the largest aged care
provider in Fielding
•Brownfield development opportunity on 1
hectare of adjoining bare land
•Total planned development is for 32 villas
and 10 apartments
•Promisia will acquire title to the
development on completion. No capital
investment required. Interest free loan
from developer. Purchase price to be paid
from proceeds from the initial sale of an
ORA for each new villa or apartment.
•Full time Sales Executive appointed to sell
down the completed villas and care suites.

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BROADEN REVENUE MIX
•Increase the number of
retirement villas to grow revenue
from sale of retirement village
ORAs.
•Broaden the range of services
offered at each facility and
increase the number of beds
requiring higher levels of care
and revenue (hospital and
dementia) where there is local
demand.
•Review accommodation
supplement strategy.
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STRENGTHENING OUR BUSINESS
•Investment in business infrastructure
to integrate our four villages and
create a strong foundation for growth
•Standardising systems across the
group
•New payroll and rostering system
•Ongoing investment in technology
and people.

SHAREHOLDER
DISCUSSION
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RESOLUTIONS
Resolution 1:To record the re-appointment of William Buck New Zealand as auditor of the
Company and to authorise the Directors to fix the auditor’s remuneration for the ensuing year.
Resolution 2:That Andrew Mitchell, who was appointed as a Director by the Board during the
year, be elected as a Director of the Company.
Resolution 3:That Tom Brankin, who retires by rotation and is eligible for re-election, be re-
elected as a Director of the Company.
All voting will be by way of a poll.
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OTHER
BUSINESS
CLOSE OF THE
MEETING
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DISCLAIMER
•This presentation has been prepared by Promisia Healthcare Limited (“PHL”). The information in this presentation is of a
general nature only. It is not a complete description of PHL.
•This presentation is not a recommendation or offer of financial products for subscription, purchase or sale, or an invitation
or solicitation for such offers.
•This presentation is not intended as investment, financial or other advice and must not be relied on by any prospective
investor. It does not take into account any particular prospective investor’s objectives, financial situation, circumstances or
needs, and does not purport to contain all the information that a prospective investor may require. Any person who is
considering an investment in PHL securities should obtain independent professional advice prior to making an investment
decision, and should make any investment decision having regard to that person’s own objectives, financial situation,
circumstances and needs.
•Past performance information contained in this presentation should not be relied upon (and is not) an indication of future
performance. This presentation may also contain forward looking statements with respect to the financial condition,
results of operations and business, and business strategy of PHL. Information about the future, by its nature, involves
inherent risks and uncertainties. Accordingly, nothing in this presentation is a promise or representation as to the future or
a promise or representation that a transaction or outcome referred to in this presentation will proceed or occur on the
basis described in this presentation. Statements or assumptions in this presentation as to future matters may prove to be
incorrect.
•A number of financial measures are used in this presentation and should not be considered in isolation from, or as a
substitute for, the information provided in PHL’s financial statements available at www.promisia.com
•PHL and its related companies and their respective directors, employees and representatives make no representation or
warranty of any nature (including as to accuracy or completeness) in respect of this presentation and will have no liability
(including for negligence) for any errors in or omissions from, or for any loss (whether foreseeable or not) arising in
connection with the use of or reliance on, information in this presentation.
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