Third Age Health delivers strong Q3

Third Age Health delivers 3Q Underlying NPATA
1
of $525k up 98.6%
and 31.8% on 3Q FY23 and 2Q FY24 respectively.
3Q FY24 Business Highlights - Unaudited Financial Performance

• 64 Aged Residential Care (ARC) facilities contracted at the end of 3Q an increase of 20.8%
compared to PCP
2
.
o We support 11.9%
3
of the total ARC population across NZ up from 10.1% from PCP.
• The enrolled patient population across both ARC and General Practice at the end of 3Q
increased by 6% when compared to PCP.
• Repaid a further $150k of debt during 3Q bringing our total debt repayment YTD for FY24 to
$883k.
• 3Q FY24 vs 2Q FY24 – revenue down 0.3%: predominantly relates to General Practice clinic
closedowns over the Christmas period. This is combined with the seasonal uplift usually
experienced in 2Q due to winter illnesses and immunisations.
• Improving the performance of our General Practice network continues to be a key focus.

3Q FY24 Financial Highlights (Unaudited)
• Group revenue up 18.4% over 3Q FY23 to $3,804k for the quarter and down 0.3% over 2Q
FY24 (3Q FY23: $3,214k, 2Q FY24: $3,815k)
• Revenue from ARC core business up 46.9% over 3Q FY23 to $2,134k and 2.2% over 2Q FY24
(3Q FY23: $1,453k, 2Q FY24: $2,089k).
• Underlying NPBTA
4
up 93.3% over 3Q FY23 at $699k and 32.9% over 2Q FY24 (3Q FY23:
$362k, 2Q FY24: $526k)
• Underlying NPATA (adjusted for unaudited tax calculation) up 98.6% over 3Q FY23 to $525k
and 31.8% over 2Q FY24 (3Q FY23: $264k, 2Q FY24: $398k)
• Statutory NPAT (adjusted for unaudited tax calculation) up 140.7% over 3Q FY23 to $446k
and 39.7% over 2Q FY24 (3Q FY23: $185k, 2Q FY24: $319k)


1
Underlying NPATA is adjusted for (i) non-cash amortisation charges arising as a result of purchase accounting rules (ii) non-
recurring provision related to the TADH loan and (iii) non-cash debt revaluation arising as a result of accounting rules post a
loan restructure. The loan was restructured during FY23 to fix interest rates to protect against ongoing increases in rates.
2
PCP refers to prior comparable period i.e. 3Q FY23.
3
NZACA ARC Industry Profile 2021-22 https://berl.co.nz/our-mahi/aged-residential-care-industry-profile-2021-22
4
Underlying NPBTA is adjusted for (i) non-cash amortisation charges arising as a result of purchase accounting rules (ii) non-
recurring provision related to the TADH loan and (iii) non-cash debt revaluation arising as a result of accounting rules post a
loan restructure.

Financial Highlights (unaudited) $'000
3Q FY24 3Q FY23 YOY
change
2Q FY24 Qtr
change`
Revenue 3,804 3,214 +18.4% 3,815 -0.3%
Underlying EBIT 783 426 +83.9% 609 +25.0%
EBIT Margin 20.6% 13.2% +7.4% 16.0% +4.6%
Underlying NPBTA 699 362 +93.3% 526 +32.9%
Underlying NPBTA% 18.4% 11.2% +7.2% 13.8% +4.6%
Underlying NPATA 525 264 +98.6% 398 +31.8%
Underlying NPATA% 13.8% 8.2% +5.6% 10.4% +3.4%




Statutory NPAT
446 185 +140.7% 319 +39.7%
Statutory NPAT%
11.7% 5.8% +5.9% 8.4% +3.3%
Ordinary dividends per share (cents)
3.31 n/a n/a 2.34 +41.5%
Return on Equity (TTM)
34.7% 18.2% +16.5% 30.2% +4.5%
Return on Capital Employed (TTM)
22.9% 15.4% +7.5% 19.9% +3.0%

Dividend Declaration
We are pleased to announce a fully imputed dividend per share of 3.31 cents for 3Q FY24, in line
with our dividend policy. Combined with the dividends of 1.62 cents and 2.34 cents paid for 1Q FY24
and 2Q FY24 respectively, this takes our total dividend declared for the year to date to 7.27 cents.
Other news
Denice Bennett will be leaving the role of CFO later this month to take up a position with an Auckland
based charity. We thank her for her contributions to the business and wish her the best in her new
role.
The board of directors of Third Age Health Services Limited has approved the release of this
document to the market.
For more information please contact:
Denice Bennett, Chief Financial Officer – Third Age Health,
+64 21 765 303, deniceb@thirdagehealth.co.nz

About Third Age Health (NZX:TAH)
Third Age Health is New Zealand’s only specialised provider of general practice health care services
for older people living in retirement villages, private hospitals, secure dementia units as well as in
communities across New Zealand. A dedicated Third Age Health clinical team provides onsite clinics,
rostered rounds and after hours on-call healthcare services aimed at supporting the health and
wellbeing of older people to improve quality of life. As well as providing clinical services for over 60
aged care facilities throughout New Zealand, Third Age Health owns several general practices
providing quality primary healthcare to people of all ages.
www.thirdagehealth.co.nz