Eureka : Investor Presentation - Half Year Results and Outlook

ersonal use only

Half Year

Results

Presentation

31 December 2021

ersonal use only

Contents	HALF YEAR RESULTS PRESENTATION | FEBRUARY 2022

1H22	Results Overview	3	COVID-19 Update	12
1H22	Financial Metrics	4	FY22 Outlook	13
Underlying EBITDA	5	FY22 Priorities	14
Portfolio Update	6	1H22 Results in Detail	15
Operating Platform	7	Capital Management	19
Operational Highlights	8	About Eureka	20
Environmental, Social & Governance	9	Definitions	24

1H22 Results Overview

HALF YEAR RESULTS PRESENTATION | FEBRUARY 2022

only	"Investing in
growth."
PROFIT AFTER TAX
use
$4.03M
	31% from $3.07M	[1H21]
	EARNINGS	DIVIDENDS
ersonal
	PER SHARE	PER SHARE
	1.73cents	0.63	cents
	1.33 cents [1H21]		7%

Payment date: 23 March 2022 DRP active

1 Refer to Definitions on page 24

• 31% increase in profit after tax to $4.03M
• Essential investment in people, technology and brand revitalisation. Upskilling key business functions - finance, facilities, food service, people, safety and property
• Established corporate office in Brisbane
• Acquired Brassall and Kingaroy properties and completed Wynnum expansion
• Contracted Oxford Crest and Bowen acquisitions which will be completed in FY22
• Planning underway to commence Brassall expansion (2H22) and Kingaroy development (FY23)
• Capital recycling - Townsville assets unconditionally contracted for sale by March 2022

Development

• FY22 Underlying EBITDA Guidance Range: $10.9M - $11.1M
  Subject to timing of settlement dates for acquisitions. Completion of identified acquisitions in FY22 underpins solid growth profile going into FY23

3

1H22 Financial Metrics

HALF YEAR RESULTS PRESENTATION | FEBRUARY 2022

"Key financial metrics onlyremain strong."

OCCUPANCY

97%

use at 31 December 2021 98% [30 June 2021]

CAPITALISATION RATE

9.75%

ersonal9.92% [30 June 2021]

PIPELINE

OF ACQUISITIONS & DEVELOPMENTS

1 R fer to Definitions on page 24

UNDERLYING EBITDA 1

$5.13M

2% INVESTING IN PEOPLE

NET OPERATING CASH FLOW

$2.82M

30%	INVESTING IN PEOPLE,
TECHNOLOGY & BRAND

NET TANGIBLE ASSETS

PER SHARE 39.0cents

from 37.5 cents [30 June 2021]

4

NET DEBT 1

$63.80M

$8.52M [30 June 2021]

BALANCE SHEET GEARING 1

40.2%

from 37.8% [30 June 2021]

TOTAL ASSETS

$173.1M

$14.10M [30 June 2021]

	Underlying EBITDA1
• Annual revenue and Underlying EBITDA
	continue to grow
only
•	1H22 Underlying EBITDA and Underlying
	EBITDA margin lower than prior year due
	to essential investment in people
• Investment in resource base is a
use
	prerequisite to deliver organic growth
	and pipeline of acquisitions and
	developments
• Underlying EBITDA margin to improve
	through organic growth, acquisitions and
ersonal
	economies of scale
• Completion of identified acquisitions in
	FY22 underpins solid growth profile
	going into FY23
	1 Refer to Definitions on page 24		5

HALF YEAR RESULTS PRESENTATION | FEBRUARY 2022

1

1