Radius Care Outlines Strategy for Sustainable Growth

12 August 2026

Radius Care Outlines Strategy for Sustainable Growth
Radius Residential Care Limited (NZX: RAD) (Radius Care) is holding its 2026
Annual Shareholders’ Meeting and Investor Session in Auckland today.
In the Investor Session Radius Care outlines plans to build on its strong operating
performance through accelerating expansion of its aged-care portfolio, growth in
the services and products that support people as they age, and continued
discipline in capital management.
Radius Health
Central to this strategy is the announcement of Radius Health, which will provide
the framework for the wider Radius group. Radius Care will remain focused on
delivering trusted, high-quality residential care, while Radius Health brings
together the supporting services, products and technology being developed
around it. This includes home support, Luma
®
, Radius Shop and Cibus Catering.
Founder and Executive Chair Brien Cree says Radius Health is the next step in the
purpose that led him to establish Radius Care in 2003. “Radius Care began with a
very personal understanding of how hard it can be for families to navigate aged
care, and a desire to improve their experience. Now, 23 years later, Radius Health is
our commitment to making the wider experience simpler and more connected,
while keeping people and the quality of their care at the centre.”
Chief Executive Officer Andrew Peskett adds that Radius Health will help the
group extend its reach while strengthening its core care delivery.
‘Radius Care will continue to deliver the care people know us for, while Radius
Health provides the platform that connects and grows our supporting services.”
Growth Strategy
Other key items being presented during the Investor Session today include:
• Radius Care’s strong operating foundation.
• A disciplined capital management approach that maintains financial
resilience while supporting growth investment and continued growth in fully
imputed dividends.
• Expansion will more than double existing aged-care capacity over the next
ten years, primarily through new care homes developed with the support of
private property investors.
A nine-month buyback will apply for Occupation Right Agreements in Radius
Care’s retirement villages. Andrew Peskett commented “in keeping with our core
purpose of care, this important initiative will provide greater certainty for residents
and their families.”

Occupancy Update and FY27 Outlook
Current occupancy is 96.7% vs 95.6% on 12 August 2025, with 1,923 occupied beds
(vs 1,814 on 12 August 2025).
Radius Care reiterates that it expects continued underlying growth in key financial
metrics in FY27, boosted by the addition of Karori’s 90 beds to the portfolio from 27
May 2026.
Radius Care’s Investor Session presentation is attached to this announcement and
will also be made available through the Investor Centre on the Radius Care
website.
ENDS

Media and Investor Contacts
Andrew Peskett
Chief Executive Officer
Phone: +64 21 747 363
Email: andrew.peskett@radiuscare.co.nz

Jeremy Edmonds
Chief Financial Officer
Phone: +64 22 650 9354
Email: jeremy.edmonds@radiuscare.co.nz



About Radius Care
Radius Residential Care Limited was founded in 2003 and listed on the NZX in December
2020. Radius Care provides essential healthcare services to elderly New Zealanders, offering
the full range of accommodation and care options in communities throughout the country.
The company now operates 25 aged care homes across New Zealand, of which it owns 13
and leases 12. Radius Care also provides retirement village living at four sites, an online shop
supplying specialist assisted-living products, home support and rehabilitation services, and a
51% holding in Cibus Catering, a provider of menu planning, nutrition management and
food services to the aged care sector, including to 17 independently owned sites. Radius Care
employs more than 2,200 people across its operations. For more information visit
radiuscare.co.nz
.

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Annual Shareholders’ Meeting
12 August 2026
Andrina to update photo

22026 ASM
Brien Cree
Founder & Executive Chair
Duncan Cook
Executive Director
Bret Jackson
Independent Director
Mary Gardiner
Independent Director
Hamish Stevens
Independent Director
Your Board of Directors
Tom Wilson
Independent Director
Brien Cree – Founder and Executive Chair

32026 ASM
No.1
Resolutions & Voting
No.2
General Business
Agenda
Windsor Court

42026 ASM
RESOLUTION 1
That the Directors are authorised
to fix the remuneration of Baker
Tilly Staples Rodway as auditor
of Radius Care for the ensuing
financial year.
Auditor’s
Remuneration
Brien Cree – Founder and Executive Chair
Matamata Country Lodge Village new villa render

52026 ASM
Brien Cree – Founder and Executive Chair
RESOLUTION 2
That Mary Gardiner, who, in
accordance with the NZX Listing
Rules, retires and is seeking
re-election, be re-elected as a
Director of Radius Care.
Re-election of
Mary Gardiner
RESOLUTION 3
That Hamish Stevens, who, in
accordance with the NZX Listing
Rules, retires and is seeking
re-election, be re-elected as a
Director of Radius Care.
Re-election of
Hamish Stevens
RESOLUTION 4
That Thomas Wilson, who, in
accordance with NZX Listing
Rules, retires and is seeking
re-election, be re-elected as a
Director of Radius Care.
Re-election of
To m Wilson

62026 ASM
General
Business
Radius Thornleigh Park

72026 ASM
Thank Yo u
Our Board and Leadership team will
provide an update on Radius Care,
including business performance, growth
opportunities, new initiatives and the
Company's strategic direction.
Please stay
logged in for our
Investor
Presentation
STARTING
11:00 AM

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Page

1

Radius Residential Care Limited
Annual Shareholders’ Meeting 2026
CHAIR’S ADDRESS – BRIEN CREE
(Slide 1: Annual Meeting of Shareholders)
Good morning, everyone.
I am Brien Cree, Executive Chair and Founder of Radius Residential Care Limited.
I am pleased to welcome you all to our sixth Annual Shareholders’ Meeting.
Before we move into the formal business of today’s meeting, I would like to thank all
our shareholders for your continued support of Radius Care. We appreciate the trust
you place in the Company and your ongoing interest in our progress.
Today’s meeting is being held both in person and at the office of MUFG Pension &
Market Services, here in Auckland, and online. I will provide you with further
instructions as we progress through the meeting. But if you encounter any issues,
please refer to the virtual meeting online portal guide or you can phone the helpline on
0800 200 220.
Before we begin, I will cover a few housekeeping matters:
Firstly, for those of you here in person, can I ask that you please put your mobiles on
silent.
Toilets are located to the right as you exit the back of the room.
If a fire alarm goes off, please follow directions from MUFG staff and they will guide you
safely to the designated evacuation area and provide further instructions as required.
For those attending online, the meeting can be followed through the online platform.
Please refer to the online meeting instructions provided with the meeting materials.
If you have a question during the meeting, please submit it through the online
platform. Questions will be addressed when we pause throughout the meeting.
As today’s Annual Shareholder Meeting is focused on formal business, questions during
this part of the meeting should relate to the resolutions before shareholders. Broader
questions about Radius Care and the business should be held over for the investor
session which will follow this meeting, where there will be an opportunity for both
shareholders and non-shareholders to ask general questions.
When asking a question in the room, please use the microphone and introduce
yourself by name.
The items of business for today’s meeting and the resolutions to be considered by
shareholders are contained in the Notice of Meeting.
(Slide 2: Board of Directors)
I would now like to introduce my fellow Directors who are in attendance today.

Page

2

I would also like to acknowledge members of the senior leadership team who are here
today also.
Welcome to our legal advisers Chapman Tripp, our auditors, Baker Tilly Staples Rodway,
and our registrar, MUFG Pension & Market Services.
(Slide 3: 2026 ASM Agenda)
This year’s meeting follows a revised format.
The formal Annual Meeting will focus on the business set out in the Notice of Meeting.
This includes considering and voting on the resolutions and considering any other
matter that may properly be brought before the meeting.
We have adopted this revised structure so that the formal shareholder business can be
dealt with clearly and efficiently, while also allowing time for a broader discussion
about Radius Care, its performance, growth initiatives and future direction.
Following the Annual Shareholder Meeting, we will present a separate investor session.
Morning tea will be available before the investor session begins, and we encourage you
to stay with us, whether you are joining in person or online. Members of the senior
leadership team will provide further commentary and updates on Radius Care,
including new business opportunities and the Company’s future strategy and direction.
There will also be an opportunity for attendees to ask broader questions about the
business.
Attendance at the investor session is open to all interested parties and is not limited to
shareholders.
As those investor updates will be covered separately, I will not address them during the
formal Annual Meeting.
The order of proceedings today is:
• first, I will outline the resolutions before shareholders;
• we will then move through each resolution in turn;
• shareholders will have the opportunity to ask questions on each resolution;
• voting will be completed by poll; and
• we will then deal with any other business that may properly be brought before
the meeting.
The resolutions before shareholders today are ordinary resolutions. Each resolution
must be passed by a simple majority of votes of shareholders entitled to vote and
voting on the resolution, whether in person, online, or by proxy.
The Board unanimously supports the resolutions before the meeting and recommends
that shareholders vote in favour of Resolutions 1, 2, 3 and 4. My fellow directors and I
intend to vote all the discretionary proxies received in favour of the resolutions set out
in the notice of meeting.

Page

3

For those attending online, voting will be conducted through the online platform. If
you are eligible to vote, please follow the voting instructions on your screen.
For those in the room, voting papers will be collected at the appropriate time by
representatives of MUFG Pension & Market Services, who will act as scrutineers.
I will now move to the resolutions set out in the Notice of Meeting.
I will take the text of each resolution as read.
(Slide 4: Resolution 1)
Auditor’s Remuneration
Resolution 1 relates to the remuneration of auditors.
Radius Care’s current auditor, Baker Tilly Staples Rodway, is automatically reappointed
as auditor at the Annual Meeting under section 207T of the Companies Act 1993. This
resolution authorises the Directors to fix the remuneration of Baker Tilly Staples
Rodway as auditor for the coming financial year, under section 207S of the Companies
Act 1993.
As is usual with audit fees, the exact amount cannot be fixed at this point, so
shareholders are asked to give the Board authority to fix the auditor’s remuneration.
I now move, as an ordinary resolution:
That the Directors are authorised to fix the remuneration of Baker Tilly Staples Rodway
as auditor of Radius Care for the ensuing financial year.
Are there any questions on Resolution 1?
Please now select either “For”, “Against” or “Abstain” for Resolution 1 on your screen or
on your voting paper.
The next part of the meeting relates to the re-election of three Directors. Resolutions 2,
3 and 4.
(Slide 5: Resolutions 2 - 4)
Resolution 2: Re-election of Mary Gardiner
Resolution 2 relates to the re-election of Mary Gardiner as a Director.
Under the NZX Listing Rules, a Director must not hold office without re-election past
the third annual meeting following the Director’s appointment, or three years,
whichever is longer. Mary Gardiner is therefore required to retire at this meeting and,
being eligible, offers herself for re-election.
A brief biography of Mary was included in the Notice of Meeting. Mary was appointed
as a Director in December 2020 and is a member of the Audit and Risk Committee. She
brings strong finance, audit and risk experience developed through senior executive
and governance roles across financial services, healthcare, aviation and sport.

Page

4

The Board has considered Mary’s current appointments, prior roles and all other
relevant matters, and considers her to be independent under the NZX Listing Rules
and the NZX Corporate Governance Code. The Board is satisfied that she has no
relationships or interests that would affect her independent judgement.
The Board unanimously supports Mary’s re-election and recommends that
shareholders vote in favour of Resolution 2.
I now invite Mary to briefly address the meeting on her proposed re-election.
I now move, as an ordinary resolution:
That Mary Gardiner, who, in accordance with the NZX Listing Rules, retires and is
seeking re-election, be re-elected as a Director of Radius Care.
Are there any questions on Resolution 2?
Please now select either “For”, “Against” or “Abstain” for Resolution 2 on your screen or
on your voting paper.
Resolution 3: Re-election of Hamish Stevens
We will now move to Resolution 3.
Resolution 3 relates to the re-election of Hamish Stevens as a Director.
Hamish Stevens is also required to retire at this meeting and being eligible, offers
himself for re-election.
A brief biography of Hamish was included in the Notice of Meeting. Hamish was also
appointed as a Director in December 2020 and is Chair of the Audit and Risk
Committee. He brings extensive governance and financial leadership experience, with
a background spanning senior finance roles and board appointments across a range of
New Zealand organisations.
The Board has considered Hamish’s current appointments, prior roles and all other
relevant matters, and considers him to be independent under the NZX Listing Rules
and the NZX Corporate Governance Code. The Board is satisfied that he has no
relationships or interests that would affect his independent judgement.
The Board unanimously supports Hamish’s re-election and recommends that
shareholders vote in favour of Resolution 3.
I now invite Hamish to briefly address the meeting on his proposed re-election.
I now move, as an ordinary resolution:
That Hamish Stevens, who, in accordance with the NZX Listing Rules, retires and is
seeking re-election, be re-elected as a Director of Radius Care.
Are there any questions on Resolution 3?
Please now select either “For”, “Against” or “Abstain” for Resolution 3 on your screen or
on your voting paper.

Page

5

Resolution 4: Re-election of Tom Wilson
We will now move to Resolution 4.
Resolution 4 relates to the re-election of Tom Wilson as a Director.
Tom Wilson is also required to retire at this meeting and, being eligible, offers himself
for re-election.
A brief biography of Tom was included in the Notice of Meeting. Tom was elected as a
Director in August 2023 and is a member of the Remuneration and People Committee.
He brings governance, commercial and financial experience, with a background in
aged care, listed company leadership and professional services.
The Board has considered Tom’s current appointments, prior roles and all other
relevant matters, and considers him to be independent under the NZX Listing Rules
and the NZX Corporate Governance Code. The Board is satisfied that he has no
relationships or interests that would affect his independent judgement.
The Board unanimously supports Tom’s re-election and recommends that
shareholders vote in favour of Resolution 4.
I now invite Tom to briefly address the meeting on his proposed re-election.
I now move, as an ordinary resolution:
That Tom Wilson, who, in accordance with the NZX Listing Rules, retires and is seeking
re-election, be re-elected as a Director of Radius Care.
Are there any questions on Resolution 4?
Please now select either “For”, “Against” or “Abstain” for Resolution 4 on your screen or
on your voting paper.
I will shortly close the voting system, so please ensure that you have cast your vote on
all four resolutions.
The latest time for receipt of proxy appointments was 10.30am on Monday 10 August
2026.
The results of today’s meeting will be released to the NZX following completion of
verification of voting.
(Slide 6: General Business)
The Notice of Meeting provides for any other business that may properly be brought
before the Annual Meeting.
While the final voting process is completed, I am happy to take any further questions
from shareholders on the financial statements or management of the company. First
from those attending online, and then from the room.
Are there any questions from those attending online?

Page

6

Are there any further questions from shareholders in the room?
The Registrar, MUFG Pension & Market Services will now move through the room to
collect your voting cards. For those shareholders online, you can now submit your vote
if you haven’t done so already– voting will be open until 5 minutes after the conclusion
of the meeting.
Slide 8:
Ladies and gentlemen, that brings us to the end of the formal business for the 2026
Annual Meeting of Shareholders of Radius Residential Care Limited.
As noted earlier, we will now move to a separate investor session. I encourage everyone
joining us today, both in person and online, to stay with us for this session. It is open to
shareholders and non-shareholders and will provide an opportunity to hear more
about the business, receive broader updates from the senior leadership team, and ask
general questions beyond the formal business of today’s meeting.
If you are joining us online, it is important you remain logged into the link as you are
now and wait for the session to begin.
Morning tea will be available before the investor session begins.
Thank you for joining us today, both in person and online.

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Radius Care Investor Presentation
12 August 2026
Andrina to update photo

212 August 2026 Investor Presentation
Today’s agenda
Welcome & Introduction Andrew Peskett, CEO
Overview of Radius Care
Andrew Peskett, CEO
Radius HealthBrien Cree, Founder & Executive Chair
Growth
Brien Cree & Andrew Peskett
Capital ManagementJeremy Edmonds, CFO
Growth OutlookAndrew Peskett & Jeremy Edmonds
Summary and Q&A

312 August 2026 Investor Presentation
Overview of
Radius Care

412 August 2026 Investor Presentation
About Radius Care
Radius Care is a unique operator that delivers an exceptional
level of care to residents with high certification audit levels
while also providing tax-paid returns to shareholders.
•Founded by Brien Cree, our Executive Chair in 2003.
•Listed on NZX since December 2020.
•2,137 beds/units with plans to expand.
•Focus on complex and high-acuity care needs.
•Sector-leading FY26 results – $31.1k EBITDAR
1
per bed;
high occupancy; PBT $14.3m.
•Our 25 care homes can be utilised as a base for expanding
home care services.
We are built on care. Our economics are driven by the quality
and performance of care delivery rather than the residential
property market.
Radius Thornleigh Park,
New Plymouth
1.Underlying EBITDAR is a non-GAAP (unaudited) financial measure. Earnings before interest, tax, depreciation, amortisation and rent for aged care
segment divided by the average number of care beds occupied during the period. Excludes the purchase of one care home in May 2025.

512 August 2026 Investor Presentation
Andrew Peskett
Chief Executive Officer
Jeremy Edmonds
Chief Financial Officer
Sam Carey
GM, Revenue
Sarah Nathan
GM, Care Operations
Antony Challinor
Chief Digital Officer
Executive team
Trish Evers
GM, People
Laurie Peckham
GM, Development
Shereen Singh
GM, Home Support

612 August 2026 Investor Presentation
Radius Care at a glance
1,989
Care Beds
2,250
Employees
148
ILUs
Radius Care is a specialist operator of aged care
and health services.
Radius Care is not reliant on retirement village
development.
LEVELS OF AGED CARE
Rest Home
Hospital
Young Persons
DementiaRespitePalliative
Extra Services
GP, Registered Nurse, Podiatrist, Physio, Activities &
Outings, Beauty Therapy, Hairdresser, Church Services
AUCKLAND
SitesBedsILUsTotal
2147-147
WAIKATO
SitesBedsILUsTotal
541968487
NEW PLYMOUTH
SitesBedsILUsTotal
2142-142
NORTHLAND
SitesBedsILUsTotal
3155-155
BAY OF PLENTY
SitesBedsILUsTotal
3329-329
NAPIER
SitesBedsILUsTotal
145-45
PALMERSTON NORTH
SitesBedsILUsTotal
162-62
OTAGO
SitesBedsILUsTotal
193
-
93
INVERCARGILL
SitesBedsILUsTotal
1692695
CANTERBURY
SitesBedsILUsTotal
543854492
WELLINGTON
SitesBedsILUsTotal
190-90

712 August 2026 Investor Presentation
Demand is underpinned by
demographics
There are currently 40,000 aged
residential care (ARC) beds.
Projected shortage of almost 12,000 ARC
beds by 2032 (Sapere report).
Likely shortage of approximately 40,000
ARC beds by 2040 placing even more
pressure on already constrained hospital
capacity.
40,000
↑12,000
by 2032
↑40,000
By 2040
The vast majority of aged care residents benefit from full or
partial government funding, from Health NZ, WINZ and ACC.
Funding is also available for elderly New Zealanders to
receive support in their own homes.

812 August 2026 Investor Presentation
Supported by
Radius Care’s
unique operating
model
EXCEPTIONAL PEOPLE
Continuity matters:
•Turnover remains low at 18%.
•Half of our care home
managers are internally
promoted.
Employee eNPS improved to +30,
up 50% since 2025.
EXCEPTIONAL CARE
We lead the industry by a clear
margin with 19 of 25 care homes
achieving maximum health audit
certification. Three further audits
are pending.
COMMUNITY CONNECTION
Every care home, residents,
families and staff are deeply
connected to the local community.
All contribute, connect and take
part in local life, including:
•Community gardens.
•Resident-led projects.
•Community partnerships.
•Volunteering.

912 August 2026 Investor Presentation
Performance improvement since listing
5.8
10.5
10.7
14.2
20.9
23.5
27.4
0.0
5.0
10.0
15.0
20.0
25.0
30.0
$m
FY21FY26FY20FY22FY23
FY24
FY25
Underlying EBITDA
1
-3.3
2.0
3.1
-3.0
3.6
10.5
14.3
-6.0
-4.0
-2.0
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
16.0
$m
FY21FY26FY20FY22FY23
FY24
FY25
Reported Profit Before Tax
17.2
19.5
20.5
20.4
25.3
27.9
31.1
0.0
5.0
10.0
15.0
20.0
25.0
30.0
35.0
$000
FY21FY26FY20FY22FY23
FY24
FY25
Underlying EBITDAR
2
per Care Bed (like for like EBITDAR
3
)
1,704
1,715
1,784
1,889
1,7891,789
1,898
1,300
1,400
1,500
1,600
1,700
1,800
1,900
2,000
FY21FY26FY20FY22FY23
FY24
FY25
Number of Care Beds (period end)
1.Earnings before interest, tax, depreciation and amortisation. AFFO and Underlying EBITDA are non-GAAP (unaudited) financial measures and are reconciled to GAAP
measures in the appendices included in the FY26 Investor Presentation, 13 May 2026.
2.Earnings before interest, tax, depreciation, amortisation and rent. Underlying EBITDA are non-GAAP (unaudited) financial measures and are reconciled to GAAP measures in
the appendices included in the FY26 Investor Presentation, 13 May 2026.
3.Adjusted to exclude the purchase/sale of care homes in their first/last part year of operation.

1012 August 2026 Investor Presentation
FY26 EBITDA Components
Care
CORE EARNINGS ENGINE
FY26
Revenue
$190.9m
Underlying EBITDAR
$53.6m
Residential care operating scale.
Primary platform for growth.
Quality care drives returns.
Underlying EBITDA
$44.1m
Village
ADJACENT ASSET-BACKED GROWTH
FY26
Complements selected care sites.
New development staged to demand.
Revenue
$3.6m
Underlying EBITDAR
$3.2m
Underlying EBITDA
$3.2m
Health Services
EMERGING GROWTH PLATFORM
Luma & Radius Shop.
Home Support.
Cibus.
FY26
Revenue
$7.4m
Underlying EBITDAR
$0.6m
Underlying EBITDA
$0.6m
UNDERLYING
EBITDA SPLIT
Aged Care$44.1m
Retirement Village$3.2m
Health Services$0.6m
Group support($20.5m)
Underlying EBITDA$27.4m
FY26

1112 August 2026 Investor Presentation
Radius Care is uniquely
positioned for growth
•Strong operational performance.
•Sector leading financial metrics.
•Fully imputed dividends.
•Capacity expansion now underway with
2,000+ new build care beds planned.
•Expansion into broader health services.

Introducing the
Radius Health Brand
CONNECTED CARE FOR LIFE

010203
People and families must
navigate multiple entry points
and transitions across care
services.
Operational knowledge and data
can remain trapped within
individual services.
Fragmentation creates
friction and missed
opportunities to improve
outcomes and efficiency.
What we want
to solve
The current infrastructure, behind healthcare
services, for people as they age, is fragmented.
12 AUGUST 2026 INVESTOR PRESENTATION
13

Our
response
Bringing complementary
services and capabilities
into one strategic platform.
Connecting clinical services
across the group.
Using frontline care experience
to identify, develop and scale
practical solutions.
Creating a disciplined platform for
partnerships, acquisitions and
growth.
Radius Health will be the growth
platform for a connected health services
group focused on aged care.
12 AUGUST 2026 INVESTOR PRESENTATION
14

RADIUS CARE
25 care homes, five
retirement villages.
CIBUS CATERING
Food service, menu
planning and
nutrition
management,
serving the aged
care sector.
LUMA
A proprietary
continence
product range
developed and
validated by
Radius Care.
CONNECTED
CAPABILITIES
Product research
and development.
Sector leadership
and advocacy.
Service innovation.
RADIUS SHOP
A nationwide
online channel for
mobility, daily-
living and
continence
products, trusted
by more than
20,000 New
Zealanders.
HOME SUPPORT
A tailored care
experience, within
your own home, to
help you recover, or
manage an injury,
illness or disability
in your own space,
at your own pace.
DEVELOPMENT
AND EXPANSION
PIPELINE
Increased capacity
from new build care
homes; continued
targeted
acquisitions
.
INTRODUCING RADIUS HEALTHRADIUSHEALTH.CO.NZ
The platform
today
12 AUGUST 2026 INVESTOR PRESENTATION
15

Radius Care
delivers the care.
Radius Health
builds the system.
12 AUGUST 2026 INVESTOR PRESENTATION
16

Growth
12 AUGUST 2026 INVESTOR PRESENTATION
17

Foundation for growth
CORE EARNINGS ENGINE
•Residential care operating scale.
•Primary platform for growth.
•Quality care drives returns.
FY26
Revenue $190.9m
Underlying EBITDAR $53.6m
Underlying EBITDA $44.1m

CARE
ADJACENT ASSET-BACKED GROWTH
•Complements selected care sites.
•Development staged to demand.
FY26
Revenue $3.6m
Underlying EBITDAR $3.2m
Underlying EBITDA $3.2m
VILLAGE
EMERGING GROWTH PLATFORM
•Luma and Radius Shop.
•Home Support.
•Cibus.
FY26
Revenue $7.4m
Underlying EBITDAR $0.6m
Underlying EBITDA $0.6m
HEALTH SERVICES
UNDERLYING
EBITDA SPLIT
FY26

Aged Care$44.1m
Retirement Village$3.2m
Health Services$0.6m
Group support($20.5m)
Underlying EBITDA$27.4m
12 AUGUST 2026 INVESTOR PRESENTATION
18

ACQUISITIONS
Karori, a 90-bed care home, was acquired
on 27 May 2026 and has been rapidly
integrated into Radius Care.
Acquisitions of existing care homes will be
pursued where they are complementary to
the existing Radius portfolio.
NEW BUILD CARE HOMES
Construction of the 100-bed Applefields care home in Belfast,
Christchurch, has commenced.
Construction of an 80-bed care home in Hokitika, in
collaboration with Development West Coast, is expected to
commence in early 2027.
We are actively progressing additional opportunities with private
investors to construct new care hospitals of 80 to 100 beds
throughout the country. We plan to build 20 new aged care
hospitals over the next 10 years.
Care expansion
RegionBedsStatus
Christchurch100Ground broken
Hokitika80Commencing 2027
South Auckland80In progress
Waikato x4360In progress
Canterbury x2180In progress
Northland100In progress
TOTAL900
Applefields
Hokitika
Karori
12 AUGUST 2026 INVESTOR PRESENTATION
19

Village
expansion

NEW VILLAGE DEVELOPMENTS
Some new build care homes come with the opportunity to develop
retirement villages of 50 to 80 units like the 55-villa retirement village
planned in Hokitika. These villas will be staged over time.
The 4.3Ha site at Belfast, Christchurch, will incorporate ~80 villas along
with the 100-bed care home.
Villa construction is planned in small stages to meet demand and ensure
efficient capital recycling.
Incremental
Brownfield and
Greenfield
opportunities
considered if they add
value to care homes.
BROWNFIELD DEVELOPMENT – 26 VILLAS
Six additional villas at Matamata Country Lodge are nearly complete.
Construction of a six-villa development at Clare House in Invercargill is
progressing.
Renovation of 14 units acquired at Karori Village in Wellington has
commenced.
NINE-MONTH BUYBACK
We have introduced a nine-month buyback clause for all Occupation
Right Agreements.
Karori Unit Render
Matamata Country
Lodge Villa
Development
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20

Luma and Radius Shop

Luma is Radius Care’s own range of continence products,
developed and perfected based on feedback from our care homes.
Luma gives Radius greater control over:
•product quality.
•supply reliability.
•product specification.
Luma has been successfully rolled out across our care homes. This
range will be further extended into complementary product lines.
Radius' established online retail platform, Radius Shop, will add the
Luma range to its extensive catalogue of products supporting
independent living, spanning categories including mobility,
bathroom and bedroom.
In addition, future wholesale opportunities have been identified
beyond the Radius Care network.
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Extending care into the home
Home Support
Radius Home Support delivers professional care to people in their
own homes, across ACC-funded and private clients.
Services include:
•hospital-level rehabilitation.
•recovery support.
•assistance with daily living.
Radius became an accredited ACC Maximise Independence provider
on 1 March 2025, enabling nationwide delivery of hospital-level
rehabilitation services to ACC clients.
For private clients, the focus is more personalised support, clinical
oversight, continuity of staff and care organised around people’s lives.
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Cibus

Radius holds a 51% interest in Cibus Catering, a specialist provider
of menu planning, nutrition management and full kitchen operations
for aged care operators.
In FY26, Cibus supported delivery across Radius care homes and
external partners, with:
•28 Cibus-managed care home kitchens.
•49 sites using Cibus menus and systems, up seven from FY25.
The Cibus App supports:
•meal selection.
•menu compliance.
•audit readiness.
•food safety.
For residents and families, Cibus supports a more responsive and
visible dining experience.
Proposed Content
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Systems & Technology
Our investment in AI, automation and the in-house Luma
app reflects a simple goal: giving our people more time to
focus on residents. As a deeply people-focused
business, we use technology to support and strengthen
care delivery, not replace the judgement, experience and
compassion of our teams.
What we're using it for:
•In-house development of the Luma app designed
specifically for aged care, to track resident
continence needs and manage product ordering.
•AI and automation to simplify processes and reduce
administrative workload.
•Better operational insights through data and
analytics.
•Technology that enables our people to spend more
time where it matters most, with residents.
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Capital
Management
12 AUGUST 2026 INVESTOR PRESENTATION
25
Clare House

73.5
67.7
68.7
0.0
10.0
20.0
30.0
40.0
50.0
60.0
70.0
80.0
90.0
100.0
FY24FY25FY26
NET DEBT
Capital Management Framework progress
Framework guides a disciplined approach to capital management,
ensuring the best care outcomes while balancing increasing growth
investment, financial resilience, and distributions to shareholders.
1.Net Bank Debt to Underlying EBITDA (earnings before interest, tax, depreciation and amortisation). Underlying EBITDA is a non-
GAAP (unaudited) financial measure.
REDUCING BANK LEVERAGE
Leverage (Net Bank Debt to Underlying EBITDA) in line with our medium-term
target of 2.5x at end of FY26.
Core Debt expected to remain c$85m following Karori acquisition in May 2026 with
leverage reducing over time to target levels and below.
INCREASING GROWTH INVESTMENT
Fixed Asset investment associated with new builds will increase growth capex and
will be funded from operating cashflow.
SUSTAINABLE DIVIDEND GROWTH, FULLY IMPUTED
Dividend policy supports both increased investment and double-digit percentage
growth in dividends per share, with distributions expected to remain fully imputed.
3.5x
2.9x
2.5x
LEVERAGE
RATIO
1

$M
12 AUGUST 2026 INVESTOR PRESENTATION
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Growth outlook
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FY27 outlook
OCCUPANCY UPDATE
Current occupancy is 96.7% vs 95.6% on 12 August 2025, with 1,923
occupied beds (vs 1,814 on 12 August 2025).
OUTLOOK
Radius Care reiterates that it expects continued underlying growth in key
financial metrics in FY27, boosted by the addition of Karori’s 90 beds to the
portfolio from 27 May 2026.
Andrina swap this photo out
Radius Clare House
Village artist render.
12 AUGUST 2026 INVESTOR PRESENTATION
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0.0
50.0
100.0
150.0
200.0
250.0
300.0
350.0
400.0
FY25
FY30
FY24
FY26
FY27FY28FY29
12.9% CAGR
CARE, VILLAGE & HEALTH SERVICES REVENUE
1
1,300
1,500
1,700
1,900
2,100
2,300
2,500
2,700
2,900
3,100
FY25FY30FY24FY26FY27FY28FY29FY31
1,898
NUMBER OF CARE BEDS (PERIOD END)
FY31
CareVillage
Health Services
$370m
$200m
2,963
9.3% CAGR
0.7
1.45
2.2
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
FY25FY26
FY24
1
FY27FY28FY29FY30FY31
TOTAL CASH DIVIDEND (CPS) – (POTENTIAL FUTURE RANGE)
1.No interim cash dividend declared in 1H24.
Long term growth
$M
CPS
10% cumulative growth15% cumulative growth
12 AUGUST 2026 INVESTOR PRESENTATION
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1. Revenue projections based on 1 July 2026 rates plus 2.5% annual CPI.

Summary and
Q&A
12 AUGUST 2026 INVESTOR PRESENTATION
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Thank you

Appendices

Directory of care homes
OWNED
CARE HOMELOCATION
CARE
BEDS
UNITSTOTAL
Taupaki GablesKumeu60-60
St JoansHamilton86-86
Windsor CourtOhaupo762298
Matamata Country LodgeMatamata8146127
Lexham ParkKatikati63-63
HeatherleaNew Plymouth55-55
Thornleigh ParkNew Plymouth87-87
PeppertreePalmerston North62-62
KaroriWellington90-90
St HelenasChristchurch52-52
Elloughton GardensTimaru8554139
FultonDunedin93-93
Clare HouseInvercargill692695
Total owned at 12 August 20269591481,107
Matamata Country LodgeMatamata-66
KaroriWellington-1414
Clare HouseInvercargill-66
Total owned at 31 March 20279591741,133
LEASED
CARE HOMELOCATION
CARE
BEDS
UNITSTOTAL
BaycareNorthland45-45
Potter HomeWhangarei55-55
Rimu ParkWhangarei55-55
WaipunaAuckland87-87
GlaisdaleHamilton80-80
KensingtonHamilton96-96
AlthorpTauranga119-119
MatuaTauranga147-147
Hampton CourtNapier45-45
HawthorneChristchurch94-94
St AllisaChristchurch109-109
MillstreamAshburton98-98
Total leased at 12 August 20261,030-1,030
Total owned & leased at 12 August 20261,9891482,137
AlthorpTauranga4-4
Total leased at 31 March 20271,034-1,034
Total owned & leased at 31 March 20271,9931742,167
FY27
PIPELINE
FY27
PIPELINE
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Capital
Management
Framework
1.Earnings before interest, tax, depreciation and amortisation. Underlying EBITDA is a non-GAAP (unaudited) financial measure.
2.Available Funds From Operations is a non-GAAP (unaudited) financial measure which is reconciled to GAAP measures included within the Appendices of the FY26 Investor Presentation, 13 May 2026.
Depreciation (=sustaining capex)
Investment required to maintain quality of existing assets
= SURPLUS CASH FOR ALLOCATION
MAINTAIN FINANCIAL RESILIENCE AND FLEXIBILITY
Medium term target: Net Bank Debt to EBITDA
1
Ratio below
2.5x.
Owned property: 25%-50% of our total care home portfolio.
INVEST IN CORE OPERATIONS
Maintain and improve quality of care offering by investing in
operating assets and technology base.
DISTRIBUTIONS
Ordinary dividend pay-out
ratio of 40% to 70% of AFFO
(fully imputed).
Sustained dividend
growth.
GROWTH
Disciplined investment in
high return capacity
expansion capex.
Invest in capital-light
adjacent services.
DIVIDEND POLICY
= AFFO
2
(Available Funds From Operations)
Bank interest and cash tax
Ordinary Dividend (40% to 70% of AFFO)
Mergers,
Acquisition;
Growth Capex
Special
Dividends or
Share
Buybacks
—
UNDERLYING EBITDA
1
—
—
Debt
repayment
CAPITAL MANAGEMENT FRAMEWORK
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The information in this presentation has been prepared by Radius Residential Care Limited (“Radius Care and/or Radius Health, together
referred to as Radius Health”) and includes general background information about Radius Health’s activities. This information is given in
summary form and does not purport to be complete. Information in this presentation has been prepared by Radius Health with due care
and attention. However, neither Radius Health nor any of its directors, employees, nor any other person gives any warranties or
representations (express or implied) as to the accuracy or completeness of this information. To the maximum extent permitted by law, none
of Radius Health, its directors, employees, or any other person shall have any liability whatsoever to any person for any loss (including,
without limitation, arising from any fault or negligence) arising from this presentation or any information supplied in connection with it. This
presentation may include forward-looking statements based on Radius Health’s current expectations, estimates, and assumptions. These
statements are subject to inherent risks and uncertainties, and actual results may differ materially from those projected. No representation
is made that any forward-looking statements will be achieved or will prove to be correct. Radius Health assumes no obligation to update
such statements, subject to disclosure obligations under the applicable law and NZX listing rules. The information in this presentation is of
a general nature and does not constitute guidance, financial product advice, investment advice or any recommendation. The presentation
does not constitute an offer or an invitation, solicitation or recommendation to acquire or sell Radius Health shares or any other financial
products in any jurisdiction and may not be relied upon in connection with the purchase or sale of any security.
Disclaimer
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