New Zealand Professional Investment Services Firm

Forsyth Barr

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

New Zealand Professional Investment Services Firm, Forsyth Barr

Equity Bottom-Up

<ul><li>OCA has taken a different path to its three listed peers, with a high focus on building care suites, transforming profitability within care.</li><li>OCA generates ~40% of underlying EBITDA from care, of which the majority comes from care suites.</li><li>We expect 15–20% growth in care suite annuity earnings, more than offsetting headwinds in traditional care.</li></ul>

OCA has taken a different path to its three listed peers, with a high focus on building care suites, transforming profitability within care.OCA generates ~40% of underlying EBITDA from care, of which the majority comes from care suites.We expect 15–20% growth in care suite annuity earnings, more than offsetting headwinds in traditional care.

Oceania Healthcare: FY23 Preview — Care Suites To the Rescue?