Live from New Delhi. This is inside with Haslinda Amin, where we will dig into India's fast rising artificial intelligence ambitions and the shockwaves hitting the country's storied I. T.giants. As India hosts one of the world's biggest AI summits. We speak live with Schneider Electric CEO Olivia Bloom, ServiceNow president and CEO Omid Zaveri and Fractal Analytics co-founder and CEO.Trick on the Alarm, uncanny about how this technology is reshaping the world. And we bring you more from our conversations wi ...

Financial Data and Key Metrics Changes - Revenue from services increased to $1,161 million, up 15% from the prior corresponding period [16] - Underlying EBITDA rose to $125.8 million, a 17% increase [16] - Underlying net profit after tax increased by 37% to $53.4 million [16] - Net operating cash flow was $306.1 million, up 21% [16] - The company ended the year with a net cash position of $192.5 million, a 197% increase from the prior year [26] Business Line Data and Key Metrics Changes - Average occupancy in mature homes increased to 95.6%, up from 94.1% in the prior period [17] - Total average care minutes per resident per day increased from 210.5 minutes to 226.7 minutes [17][23] - Staff costs increased by $113 million or 15%, driven by additional direct care hours and wage increases [23] Market Data and Key Metrics Changes - 26.5% of Australians aged 85 and over accessed residential aged care during FY24 [6] - An estimated 9,300 net new beds are needed each year for the next 20 years to meet demand [6] - Only 6,546 net new beds were added across the four years to FY24, indicating a supply shortfall [6] Company Strategy and Development Direction - The company aims to reach a target of 10,000 residential aged care beds by FY28, up from approximately 7,600 beds [46] - The strategy includes disciplined acquisitions, greenfield and brownfield developments, and refurbishment of existing homes [40][46] - The company plans to open two to three greenfield developments per year [7][36] Management's Comments on Operating Environment and Future Outlook - Management highlighted the importance of the New Aged Care Act, which is expected to commence on 01/2025, and its implications for funding and care standards [12][14] - The company is well-positioned to meet the increasing demand for aged care services due to demographic trends and government support [7][56] - Management expressed confidence in the value of current service packages and the ability to adapt to changes in the regulatory environment [59] Other Important Information - The company completed the acquisition of four premium homes from Rockpool, adding 600 beds to its portfolio [3][38] - The average incoming room price increased by over 12% during the year, reflecting adjustments to the new maximum rates [31][62] - The company has a robust governance structure with a majority independent board and established liquidity management policies [14] Q&A Session Summary Question: Transition to health from extra services - Management expressed confidence in the value of current packages and plans to transition most services into bundles while ensuring the value exceeds the price [59][60] Question: Expectations for RAD prices - Management noted that the recent increase in RAD prices was a correction after a long period of stagnation, with expectations for mid to high single-digit growth in the coming year [61][64] Question: Occupancy expectations for FY26 - Management indicated that while they aim for occupancy above 95%, achieving 100% is not feasible due to operational constraints [68][69] Question: Staff expenses as a percentage of revenue - Management clarified that staff expenses are expected to increase slightly in FY26, influenced by government funding decisions [70][71] Question: CapEx expectations for FY26 - Management projected CapEx to be around $100 million for FY26, reflecting ongoing investments in greenfield developments and refurbishments [72] Question: Outlook for FY26 and RAD retention - Management indicated that while base business EBITDA margins may remain flat, RAD retention will be crucial for growth [74][77] Question: Resident profile and RAD penetration - Management expects the resident profile to remain stable, with potential increases in RAD-paying residents due to recent acquisitions [79]