Concomitant opening of discussions with the holders of ORPEA SA’s unsecured debt, aimed at restoring financial balance
• The Group’s ambition: to once again become the leading player in the sector by refocusing on the quality of care and support and the development of employees
• For this the group must CHANGE! :
o Changing the method: “With You and For You” to involve all of its stakeholders in the reorganization of the Group;
o Changing the approach to care, support with continuous improvement of medical and ethical practices and the safety and well-being of employees;
o Changing financial balances:
– Restore operational performance: 9% annual growth in turnover by 2025, EBITDAR margin above 20% in 2025, for an EBITDA excluding IFRS 16 estimated at €745 million (12.2%) in 2025;
– Rethink the real estate holding strategy (with the potential for asset disposals as soon as conditions permit) and our geographic scope (restructuring or disposal of countries in which the Group does not have an attractive position);
– Find a sustainable financial structure.
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