28 th september 2011 for personal use only - asx · 2011. 9. 28. · 28 th september 2011...
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PARAGON CARE LIMITED
ABN 76 064 551 426
Unit 1, 56 Norcal Road, Nunawading, Victoria, Australia 3131 Telephone: 1300 369 559 Facsimile: 61 3 8833 7890
www.paragoncare.com.au
28th September 2011
Australian Securities Exchange Company Announcements Office
BROKER PRESENTATIONS
In accordance with the requirements of Listing Rule 3.1 we submit the attached material being presented to investors and brokers today.
Mr Mark Simari, CEO of Paragon Care Limited will be making the presentations.
About Paragon Care:
Paragon Care Limited (ASX: PGC) has a vision to be one of Australia’s leading providers of integrated services to Australia’s health and aged care markets. These are high growth markets driven by the ageing of the population, continuously rising consumer expectations and increasing government spending. Paragon Care has five operating businesses: Axishealth, Iona Medical, Volker Australia, Rapini and GM Medical who combined supply durable medical equipment to hospitals, medical centres and aged care facilities. For further information please contact Mark Simari, Managing Director / CEO (1300 369 559)
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Melbourne based, Paragon Care (ASX:PGC) has emerged as a
distinguished premium provider of equipment to both the acute
and aged care market following the successful acquisition and
integration of five distribution businesses over the past two
years.
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Paragon Care continues to build it’s
strong representation within the
following healthcare markets:
• Acute Care
• Aged Care
• Community Care
• Primary Care
• Materials Handling
• Specialised Manufacturing
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Executive Summary
Paragon Care aims to be the preferred supplier of a range of products and services for the Health and Aged Care providers and their clients
Company transformed in short period• Clear market positioning via the Company’s premium suite of products
• 5 acquisitions successfully integrated (additional 2 aged care services businesses recently sold)
Compelling demographic drivers• Baby Boomers entering retirement and aged care
• Australians are suffering more chronic diseases due to living longer
• Increased investment into the sector from both Private and Public Hospital providers
Successful current businesses• All business units are profitable and cash flow positive with excellent organic growth profiles
Exciting growth profile• Fragmented marketplace creating realistic & sustainable targets that will enable Paragon Care
to expand its suite of products and diversify into the consumable product segment
• Well positioned to acquire at relatively low earning multiples
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Corporate
Board of Directors
Chairman: Shane Tanner
Managing Director: Mark Simari
Executive Director: Tim Blanche
Non Exec Director: Mike Newton
Non Exec Director: Brett Cheong
Company Secretary: Darryl Levin
Capital Structure
Shares on issue: 25.4m
Market Cap: $10m
Options: 14.9m @ 20c (May 2012)
Convertible note: $3.0m@ 11%pa
Options (unlisted): 3m @ 30c (ex 2013)
Bank Debt: $2.6mil (Originally $4mil)
Key Shareholder Statistics:
The Top 20 shareholders represent 60.53% of the issued capital
Board of Directors and associates represent 31.24% of the issued capital
Our substantial shareholders are:
Mr Brett Cheong (Executive Director of Paragon Care) : 11.16%
Mr Tim Blanche (Executive Director of Paragon Care) : 9.83%
Mr John Turner (Founder of Rapini Pty Ltd) : 6.32%
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Growth Strategy
Paragon will deliver growth via the
following initiatives:
• Organic growth (utilising the current suite of products unsurpassed in Australian market);
• Sourcing new premium product lines from USA or Europe under exclusivity;
• Diversifying revenue streams via addition of new complimentary product lines, introduction of
consumable products and service and maintenance
division expansion;
• Grow along the Australian east coast either via acquisition or direct representation;
• Sourcing high quality products designed by Paragon Care from Asia
• Expand our E-Commerce capabilities – new site currently being developed to tap into online sourcing
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Market Overview
• In excess of $42 billion or 3.3% of GDP is spent on Australian Hospitals per annum
• 736 public acute hospitals with 54,812 available beds
• 17 public psychiatric hospitals with 2,088 available beds
• 280 private hospitals with over 25,778 available beds
• 293 day hospitals with 2,260 available beds
• Federal Governments and State Governments have multiple hospitals projects within Australia earmarked for redevelopment or expansion over the next 6 years
Victoria
Dental Hospital
Box Hill Hospital
Peter MacCallum
Olivia Newton John Cancer
SJOG Geelong
Bendigo
Coleraine
Parkdale
Integrated Cancer
Alexandra
John Fawkner
Warringal
Northpark
Major Australian Hospital Developments and Redevelopments 2011-2017 (by State):
New South Wales/ACT
Royal North Shore Hospital
Nepean
Narrabri
Port Macquarie
Kareena (Ramsay)
Westmead (Ramsay)
Maitland
Lismore
Royal Prince Alfred
Queanbeayan
Calvary
Hornsby
Queensland
Townsville
Cairns
Nambour
Robina
Gold Coast University
Rockhampton
Pindara
Mt Isa
North West (Ramsay)
Prince Charles
MacKay
Caloundra
Toowoomba Hospital
Royal Brisbane (Stretchers)
Cairns Clinic (Ramsay)
South Australia
Royal Adelaide Hospital
Lyell McEwin Hospital
Elizabeth GP Super Clinic
The Queen Elizabeth
Modbury Hospital
Ceduna Hospital
Berri Hospital
Marion GP Super Clinic
Noarlunga GP Super Clinic
* +7 projects spread over Western Australia, Tasmania and Northern Territory.
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Patient Stretchers
Mobile Surgical Units
Medical and Medication Carts
Screen Systems
IV Systems
key partnerships
Artromick
Ecohydra
Hausted
ITD
Ootswoud
Provita
Ropimex
Seers Medical
UFSK
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left to right
Seers Therapy Drainage couch
Oostwoud Child’s Cot
Ropimex Screen Systems
Provita Lighting
Seers Gynaecology Couch
EcoHydra Hand Sanitiser
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World class acute care
and aged care beds and furniture.
The dignified care concept
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Vis-a-Vis Hospital Bed
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Bedding Products
Mattresses
Furniture
Lifting Systems
Chair Systems
key partnerships
Alrick
Broda
Lopital
Park House Healthcare
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Alrick 7000 series nursing care bed
Lopital Mystral Shower Trolley
Lopital Flexo Shower Chair
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Shelving Systems
Service Carts
Refrigeration Systems
Mortuary Systems
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Catheter Trolley
Mobile 5 Wire ShelfRefrigerationF
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Stainless steel equipment for acute
and aged care markets.
Triple Linen Skip
Stainless Steel Instrument Trolleys
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Stainless Steel Trolley
Stainless Steel
Shower Chair
Stainless Steel Baby BathFor
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Key Competitors Analysis
Category Key Competitors
Examination Couches ABCO, Metron, Athlegen
Stainless Steel Kerry ,Vost, Oxford
Patient Stretchers Select, Stryker, Howard Wright
Medication Carts Kerry, Metro, Aurion
Lighting Luxo, Heine, Planet
I/V Systems Vost Mayken Trk
Mobile Computing Ergotron, Oxford EME, Flo
Medical Trolleys Kerry, Vost, Oxford EME
Storage Systems Metro, HSS, National Surgical
Surgical Day Stretchers Transmotion, Artistic
Infant Cribs Kerry, Oxford EME
Hand Sanitising 3M, J&J, Aquim
Privacy Systems Mayken Trk, All Track
Beds (Acute & Aging) Arjo Huntleigh, Hill Rom, Howard Wright, Unique
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Current Financial Snapshot
2010/11 Financial Year Highlights:
• Revenues of $16.3mil
• EBITDA of $1.39mil – represents a fourfold increase on the previous year
• Net Profit was $851k an increase of 476%
• Earnings per share: 3.4c per share
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www.paragoncare.com.au
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