Chairman’s Report

2015 Ramsay Health Care Limited Annual Report

This year, Ramsay Health Care announced a Group Core Net Profit After Tax of $412.1 million, a 19% increase on the previous financial year. Core NPAT delivered Core EPS of 196.6 cents for the year, an increase of 20% on the 163.9 cents recorded in the previous corresponding period. The Company is in a very sound position with a robust balance sheet, a strong culture and an experienced and committed management team which has placed Ramsay Health Care as one of the top five private hospital operators in the world. As a global hospital group owning and operating a comprehensive range of health care facilities across Australia, France, Indonesia, Malaysia and the United Kingdom, the Company has demonstrated that it has the capability, management expertise, flexibility and cultural awareness to operate successfully within a wide range of international health systems. Ramsay is well-placed to benefit from the expected continued growth in demand for health care services globally. We made strong progress on our international expansion strategy last year with the finalisation of the acquisition of Générale de Santé in France. Ramsay is now the largest private hospital operator in France as well as Australia and we will continue to derive benefit from our market leading position in these countries for many years to come. 4 RAMSAY HEALTH CARE ANNUAL REPORT 2015 We also progressed our Asian expansion strategy and look forward to the finalisation of a deal in China, which is experiencing a booming health care economy. China has a large and ageing population with a burgeoning middle class and, more recently, has developed a positive outlook on health care reforms. We are confident we can apply our proven health care management expertise in China. Ramsay’s strong balance sheet and cash flow generation continues to provide us with the flexibility to fund the increasing demand for brownfield capacity expansion, future acquisitions and ongoing working capital needs. One of Ramsay’s key strengths is our ability to create shareholder value through financially disciplined capital investment in our existing facilities. In fiscal year 2015, we completed $190 million worth of new brownfield developments and the Board approved a further $197 million in new developments which will come onstream in the coming years and thereby ensure a strong pipeline of capacity expansions to meet the growing demand. Board renewal was a focus this year and to this end we announced the appointment of two new Directors in April – Ms Patricia Akopiantz and Ms Margaret Seale. Michael Siddle Chairman It has been another excellent year for Ramsay Health Care. I am pleased to report that the strong performance in fiscal year 2015 has enabled us to reward shareholders with an 18.8% increase in dividends per share with Directors announcing a final dividend of 60.5 cents fully franked, bringing the full year dividend to 101.0 cents fully franked.


2015 Ramsay Health Care Limited Annual Report
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