Ryman Healthcare interim results transcript

Ryman Healthcare interim results transcript The transcript of Ryman Healthcare's results presentation for the half year to 30 September 2020 is attached. The key points were: o Unaudited underlying profit $88.4 million, a decrease of 14.2% due to COVID-19 challenges o Reported (IFRS) profit increased 12.8% to $212.4 million, due to investment property revaluations o Interim dividend 8.8 cents per share, representing 50% of underlying profit o Trading activity severely restricted in Victoria for six months due to COVID-19, and for more than two months in New Zealand o $50 million investment in pandemic response to protect residents and staff since January 2020 o Total assets $8.34 billion, up 14.9% on September last year o Three villages open in Victoria, endeavouring to have five villages open by the end of 2020 o No cases of COVID-19 to date among 12,000 residents and 6,100 staff across New Zealand and Victoria o Continued strong demand for aged care in New Zealand and Victoria, mature care occupancy at 97% o Only 1.9% of resale units unsold at the end of September o Cash collections from new sales of $275 million anticipated in the second half, up from $118 million in the second half of last year o Continued heavy investment in 12 new villages - up from four sites two years ago - creating much needed homes, care and more than 2,000 jobs o First residents moved into three new villages in first half End CA:00363727 For:RYM Type:GENERAL Time:2020-11-23 16:00:02