Assura (AGR) AGM 2024 summary

Opening remarks and agenda

• Meeting opened with a welcome and confirmation of quorum, with both in-person and online attendance options available.

• Board members and executive team introduced, including CEO, CFO, and committee chairs.

Financial performance review

• Reported continued business progress, including a new GBP 250 million joint venture with USS, the UK's largest pension fund.

• Three developments completed in the quarter, totaling GBP 46 million, including a flagship net zero carbon ambulance hub.

• 42 rent reviews completed, increasing rent by GBP 0.5 million (7.8% on reviewed properties).

• Three asset enhancement projects delivered (GBP 1.5 million spend), four lease regears, and five capital projects underway.

• Strong balance sheet with long-term fixed rate debt and increased dividend by 2.4% from July.

Board and executive committee updates

• Board composition includes chairs for Audit, Remuneration, and ESG Committees, and a board fellow program for expertise development.