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radius care Caring is our calling 29 November 2021 RADIUS CARE REPORTS STRONG PROGRESS WITH GROWTH STRATEGY Highlights : • • . • Acquisition of land and buildings for four facilities with associated $ 48 million capital raise . Acquisition of 69 bed / 25 unit facility in Invercargill shortly after period end . Occupancy at 92.0 % at period end vs industry average of 87.3 % Total revenue of $ 66.3 million , up from $ 61.4 million on comparative period . Underlying EBITDA of $ 11.2 million , down $ 1.2m on comparative period . AFFO of $ 2.3m , similar to comparative period . • Gross Interim Dividend of 0.7 cps , up 20 % . Radius Residential Care Limited ( NZX : RAD ) has announced unaudited half year underlying EBITDA¹ of $ 11.2 million for the six months ended 30 September 2021 , a reduction of $ 1.2 million compared to the prior corresponding period ( prior period ) . Revenue increased 8 % on the prior period to $ 66.3 million . AFFO¹ was consistent with the prior period at $ 2.3 million . Brien Cree , Executive Chairman , noted good progress with key performance metrics : high care bed occupancy levels ; increasing accommodation supplements , consistent EBITDA per care bed as well as strong progress against Radius Care's strategic pillars . In addition , there had been several key events in the first half of the 2022 financial year that saw Radius Care continue to deliver significant milestones against strategy . " In July we were able to secure the opportunity to acquire the land and buildings of four aged care facilities that Radius Care has leased for quite a number of years . And in early October we announced the acquisition of an integrated care facility and retirement village in Invercargill . Our portfolio now stands at 23 properties , 1,784 beds and 101 village units located between Paihia and Invercargill . We currently have a landbank of 194 care beds and 166 independent living units ” said Mr Cree . 1 Earnings before interest , tax , depreciation and amortisation ( EBITDA ) and Available funds from operations ( AFFO ) are non - GAAP financial measures used by management to assess the performance of the business . The numbers have been derived from the Financial Statements . A reconciliation to Profit for the period is included at Appendix 6 of the investor presentation . RADIUS RESIDENTIAL CARE LIMITED Level 4 , 56 Parnell Road , Parnell , Auckland , New Zealand Phone 09 304 1670 www.radiuscare.co.nz