*Disclaimer: Any ownership of private companies (ASIC sourced data) that has a percentage of ownership is indicative only due

to company
constitutions defining the rights for each class of shares issued.
Shareholder data displayed in the table is a listing of all companies that own shares in the target company.

ASPEN MEDICAL PTY LIMITED

2 King St,

Deakin, ACT

Australia, 2600

Phone: 02 62039500

aspenmedical.com.au

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Table of Contents
360 VIEW............................................................................................................................................................................................................3
SUMMARY.........................................................................................................................................................................................................6
FINANCIALS......................................................................................................................................................................................................7
P & L/Income Statement...................................................................................................................................................................... 7
Balance Sheet.......................................................................................................................................................................................10
Cash Flow Statement............................................................................................................................................................................13
Ratios....................................................................................................................................................................................................15
OPERATIONS...................................................................................................................................................................................................17
INDUSTRIES....................................................................................................................................................................................................18
SIGNIFICANT EVENTS..................................................................................................................................................................................19
COMPETITORS................................................................................................................................................................................................20
PROFESSIONAL SERVICES..........................................................................................................................................................................21
PEOPLE.............................................................................................................................................................................................................22
BIOGRAPHIES.................................................................................................................................................................................................22
STRUCTURE & SHAREHOLDERS...............................................................................................................................................................25
FAMILY TREE.................................................................................................................................................................................................26

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www.company360.com.au | 13 23 33 ASPEN MEDICAL PTY LIMITED - 2 -

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360 View

Summary
Aspen Medical Pty Limited provides expeditionary healthcare services to remote regions and areas of high demand including Australasia, the
Pacific Rim, the Middle East, the United Kingdom and North America. The company has clients in the government, defence, mining, oil and
gas and humanitarian sectors and offers medical and health related services. Today, it has contracts in 12 countries across three continents
and almost 2,500 medical specialists on its books, according to The Australian Financial Review. Aspen Medical is headquartered in the
Canberra suburb of Deakin, ACT, and the company is led by co-founder and managing director Glenn Keys. For the financial year ended 30
June 2019, Aspen Medical reported revenue of $89.57 million (FY2018: $120.07 million) and a net loss of $5.05 million (FY2018: $3.07
million net loss).

Key Information

Address 2 King St
Deakin ACT 2600 Australia

Phone 02 62039500

Web aspenmedical.com.au

DUNS Number 751579967

ACN 105250413

Company Type Private

Revenue ($000s) $269,551 Sourced directly from company

Number of Employees 3630

Key Statistics

Revenue from continuing operations (as of 2023) $269,551

Growth (59.19%)

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 EBIT $2,117
EBIT Growth (96.70%)

EBIT Margin -

Profit from continuing op’s after tax $2,051

Growth (95.74%
note: all monetary values are expressed in ($000s)

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More Information

Physical Address 2 King St

Deakin ACT 2600 Australia

Phone 02 62039500

URL aspenmedical.com.au

DUNS 751579967

ACN 105250413

ABN 32105250413

Company Type Private

Line Of Business Provides medical services; holding company

Primary SIC 8099

Import/Export Neither

Registered Name ASPEN MEDICAL PTY LIMITED

Trading As Aspen Aged Healthcare

ASPEN MEDICAL TRAINING ACADEMY
Correctional Healthcare Solutions
GLOBAL MEDICAL SUPPLIES

Postal Address 2 King St

Deakin ACT 2600 Australia

Place of Incorporation NSW

ASIC Status Registered

ASIC Company Type Private

ASIC Company Class Limited by shares

ASIC Company Sub-Class Proprietary company

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Summary
Aspen Medical Pty Limited provides expeditionary healthcare services to remote regions and areas of high demand including Australasia, the
Pacific Rim, the Middle East, the United Kingdom and North America. The company has clients in the government, defence, mining, oil and
gas and humanitarian sectors and offers medical and health related services. Today, it has contracts in 12 countries across three continents
and almost 2,500 medical specialists on its books, according to The Australian Financial Review. Aspen Medical is headquartered in the
Canberra suburb of Deakin, ACT, and the company is led by co-founder and managing director Glenn Keys. For the financial year ended 30
June 2019, Aspen Medical reported revenue of $89.57 million (FY2018: $120.07 million) and a net loss of $5.05 million (FY2018: $3.07
million net loss).

Company HistoryLong-time friends Glenn Keys and Andrew Walker founded Aspen Medical in 2003, wanting to create a healthcare
company to service remote areas. The duo sought to provide quality healthcare in remote, challenging or under-resourced environments
where there is high demand for medical services. Within a year, the company had secured contracts with the Australian Federal Police (AFP)
and Australian Defence Force (ADF), and one to reduce United Kingdom medical waiting lists. Aspen Medical’s high-profile contracts
include providing health services across all of Australia’s 52 ADF sites, the Remote Area Health Corps (RAHC), the Nursing & Allied
Health Remote Locum Services (NAHRLS), and providing ambulance services in the United Arab Emirates. StructureAspen Medical
oversees a range of subsidiaries domiciled in Australia and oversees, which provide healthcare services to remote regions and areas of high
demand. Outside of Australia the company operates subsidiary businesses based in Canada, East Timor, Papua New Guinea, the United
Kingdom, the US, Liberia and Sierra Leone. Australian subsidiary, Remote Health Corps (RAHC), deploys GPs, Nurses and other health
professionals to remote communities in the Northern Territory. RAHC has placed more than 3,500 health workers in 100 Northern Territory
communities since 2008 and about 80% of the healthcare workers have done repeat placements. Financial PerformanceAspen Medical Pty
Limited saw revenue declining sharply over the 2019 financial year, bringing the figure to its lowest level since FY2010. In contrast, the
company had recorded strong growth several years earlier, with revenue more than tripling between FY2011 and FY2016, before steadily
declining since. Net losses also worsened slightly over FY2019, bringing the company’s net loss margin from 2.6% to 5.6%.Key
DevelopmentsIn November 2017, Aspen Medical signed an agreement with China’s Zhejiang Medical and Health Group to assist with
the expansion of medical facilities and services in Zhejiang. In a statement, Aspen said it would collaborate with Zhejiang Medical to
improve the rehabilitation and aged care services across hospitals and clinics in the province, while also providing clinical training to medical
personnel.Aspen Medical won a tender to provide health services to Indigenous communities in the Northern Territory through a four-year
more than $19 million contract secured in November 2015. The contract for subsidiary, Remote Area Health Corps, will see Aspen continue
to deploy health professionals in the communities over the next four years. Aspen Medical partnered with the Great South Coast Medicare
Local (GSCML) group to operate a new health network servicing western Victoria, in January 2015. The network services an area stretching
from Geelong in the east to the South Australian border and includes regional centres Warrnambool, Colac, Ballarat, Horsham and other
smaller communities. Aspen Medical was chosen as a partner because of its experience providing healthcare to rural and remote
communities, according to Fairfax Media.In June 2012, Aspen Medical was awarded the largest contract in its history when the Department
of Defence gave Medibank Health Solutions a four-year, $1.3 billion contract. AAP reported that in turn, MEDIBANK HEALTH
SOLUTIONS PTY LIMITED contracted Aspen Medical to provide medical practitioners, specialised and allied health professionals to all
defence facilities across Australia. The Canberra Times reporting that the deal was worth around $500 million to
Aspen.Mergers/AcquisitionsIn October 2016, Aspen Medical acquired a majority stake in Melbourne-based recruitment firm Ironside
Recruitment. The company said the acquisition target had provided it with key personnel during its Ebola Response contract in West Africa
in 2014 and 2015. “Both organisations understand how the hard earned skills and experience of ex-ADF personnel translate in the civilian
world and together we are dedicated to helping them sell their achievements in a way that employers see strategic value,” the company said
in its statement. Following the acquisition, Ironside founder Glen Ferrarotto assumed the role of executive director.

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Financials

P & L / Income Statement

Note: all monetary values are expressed in ($000s) of AUD (except earnings per share).
D&B obtains its financial data from a number of sources not controlled by D&B. Whilst D&B has processes in place for updating the
information contained in this product, D&B makes no warranty that the information provided is correct or free from error and will not
accept any liability for, or be responsible for, any errors that are contained therein.

2023 2022 2021 2020 2019

AUD AUD AUD AUD AUD
Income Statement - - - - -
Revenue from continuing operations $269,551 $660,483 $1,076,550 $562,666 $89,572
($000s)
Growth (59.19%) (38.65%) 91.33% 528.17% -
Cost of sales ($000s) $0 $0 $0 $0 $0
Gross profit ($000s) - - - - -
Growth - - - - -
Other income ($000s) $24,451 $11,172 $5,187 $875 $2,155
Administrative expenses ($000s) - - - - ($28,011)
Finance costs ($000s) ($981) ($720) ($318) ($667) ($529)
Share of associate profits/(losses) ($232) ($2,867) $438 ($758) $34
($000s)
Profit/(loss) from continuing operations $1,136 $63,461 $277,195 $143,410 ($4,817)
before income tax ($000s)
Growth (98.21%) (77.11%) 93.29% - -
Income tax expense ($000s) $915 ($15,331) ($74,323) ($42,999) ($233)
Profit from continuing operations after $2,051 $48,130 $202,872 $100,411 ($5,050)
income tax ($000s)
Growth (95.74%) (76.28%) 102.04% - -
Profit/(loss) from discontinued - - - - -
operations after tax ($000s)
Profit/(loss) from restructuring activites - - - - -
after tax ($000s)
Profit/(loss) from disposals of property, - - - - -
plant and equipment after tax ($000s)

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 Profit/(loss) from disposals of - - - - -
investments after tax ($000s)
Net profit for the period ($000s) $2,051 $48,130 $202,872 $100,411 ($5,050)
Attributable To: - - - - -
Minority interest ($000s) ($1,241) ($1,033) - - ($1,349)
Members of the parent ($000s) $3,292 $49,163 - - ($3,701)
Weighted average number of ordinary - - - - -
shares for basic earnings per share
(000s)
Weighted average number of ordinary - - - - -
shares for diluted earnings per share
(000s)
Basic earnings per share from - - - - -
continuing operations (cents)
Diluted earnings per share from - - - - -
continuing operations (cents)
Basic earnings per share (cents) - - - - -
Diluted earnings per share (cents) - - - - -
EBITDA ($000s) $9,381 $68,527 $280,149 $146,656 ($1,851)
Growth (86.31%) (75.54%) 91.02% - -
EBIT ($000s) $2,117 $64,181 $277,513 $144,077 ($4,288)
Growth (96.70%) (76.87%) 92.61% - -
Expenses included in income statement - - - - -
Depreciation of property plant and ($6,854) $0 ($2,636) ($2,579) $0
equipment ($000s)
Impairment of property plant and $0 $0 $0 $0 $0
equipment ($000s)
Amortisation of intangible assets ($410) $0 $0 $0 $0
($000s)
Other Depreciation and Amortisation - ($4,346) - - ($2,437)
Expense ($000s)
Impairment of intangible assets ($000s) $0 $0 $0 $0 $0
Total depreciation, amortisation and ($7,264) ($4,346) ($2,636) ($2,579) ($2,437)
impairment ($000s)
Growth - - - - -
Salaries and wages ($000s) - - - - -
Defined contribution superannuation - - - - -
expense ($000s)
Defined benefit superannuation - - - - -
expense ($000s)
Share-based payments expense ($000s) - - - - -
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 Other employee benefits expense ($179,989) ($384,446) ($243,623) ($80,312) ($57,078)
($000s)
Total employee benefits expense ($179,989) ($384,446) ($243,623) ($80,312) ($57,078)
($000s)
Number of employees - 3,630 1,300 368 -
Lease payments included in income - - - - -
statement ($000s)
Interest expense ($000s) - - - - -
Finance charges payable under finance - - - - -
leases and hire purchase ($000s)
Other finance costs ($000s) ($981) ($720) ($318) ($667) ($529)
Total finance costs ($000s) ($981) ($720) ($318) ($667) ($529)
Research and development costs - - - - -
($000s)

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Financials

Balance Sheet

Note: all monetary values are expressed in ($000s) of AUD (except earnings per share).

2023 2022 2021 2020 2019

AUD AUD AUD AUD AUD
Balance Sheet - - - - -
Current Assets - - - - -
Cash and cash equivalents ($000s) $47,973 $173,587 $233,480 $324,764 $12,670
Growth (72.36%) (25.65%) (28.11%) 2,463.25% -
Trade receivables ($000s) $42,886 $145,170 $97,128 $26,738 $12,435
Other receivables ($000s) $32,619 $11,170 $35,448 $39,175 $3,817
Raw materials ($000s) $0 $0 $0 $0 $0
Work-in-progress ($000s) - - - - -
Finished goods ($000s) $1,378 $3,753 $8,110 $432,144 $486
Total inventories ($000s) $1,378 $3,753 $8,110 $432,144 $486
Prepayments ($000s) $5,691 $5,185 $4,085 $15,243 $1,418
Derivative financial instruments - - - - -
($000s)
Other current assets ($000s) $210,870 $106,754 $4,958 $5,666 $4,470
Total current assets for continuing $341,417 $445,619 $383,209 $843,730 $35,296
operations ($000s)
Assets held for sale ($000s) - - - - -
Total current assets ($000s) $341,417 $445,619 $383,209 $843,730 $35,296
Growth (23.38%) 16.29% (54.58%) 2,290.44% -
Non-current assets - - - - -
Receivables ($000s) $5,272 $4,308 $10,721 $1,312 $1,485
Investments in associates ($000s) $14,542 $6,919 $3,878 $359 $536
Investments in subsidiaries ($000s) - - - - -
Available for sale financial assets $0 $0 $0 $0 $0
($000s)
Derivative financial instruments - - - - -
($000s)
Property, plant and equipment ($000s) $29,984 $26,135 $12,155 $6,744 $8,519
Intangible assets and goodwill ($000s) $1,533 $1,619 $2,545 $38 $0
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 Deferred tax assets ($000s) $6,710 $6,532 $7,891 $8,198 $2,053
Other non-current assets ($000s) $16,210 $9,727 $3,381 $2,529 $7,585
Total non-current assets ($000s) $74,251 $55,240 $40,571 $19,180 $20,178
TOTAL ASSETS ($000s) $415,668 $500,859 $423,780 $862,910 $55,474
Growth (17.01%) 18.19% (50.89%) 1,455.52% -
TOTAL ASSETS FOR PREVIOUS $500,859 $423,780 $862,910 $55,474 $60,725
YEAR ($000s)
Growth 18.19% (50.89%) 1,455.52% (8.65%) -
Current liabilities - - - - -
Trade payables ($000s) $6,382 $41,734 $57,659 $14,688 $2,544
Other payables ($000s) $6,701 $6,162 $15,326 $7,336 $5,600
Overdrafts ($000s) - - - - -
Loans - secured ($000s) - $26,072 $15 $47 $1,196
Loans - unsecured ($000s) - - - - -
Obligations under finance leases and $1,822 $1,430 $1,064 $752 -
hire purchase ($000s)
Loans from related parties ($000s) - - $26 - -
Total current interest-bearing loans and $1,822 $27,502 $1,105 $799 $1,196
borrowings ($000s)
Income tax payable/(refundable) $582 $8,738 $11,959 $20,402 $2,663
($000s)
Provisions ($000s) $18,372 $42,029 $19,995 $22,065 $8,360
Derivative financial instruments - - - - -
($000s)
Other current liabilities ($000s) $19,184 $11,744 $12,646 $671,526 $73
Total current liabilities for continuing $53,043 $137,909 $118,690 $736,816 $20,436
operations ($000s)
Liabilities directly associated with - - - - -
assets held for sale ($000s)
Total current liabilities ($000s) $53,043 $137,909 $118,690 $736,816 $20,436
Growth (61.54%) 16.19% (83.89%) 3,505.48% -
Total current liabilities for previous $137,909 $118,690 $736,816 $20,436 $21,426
year ($000s)
Growth 16.19% (83.89%) 3,505.48% (4.62%) -
Non-current liabilities - - - - -
Loans - secured ($000s) - - $11 $32 $2,477
Loans - unsecured ($000s) - - - - -
Obligations under finance leases and $12,868 $7,706 $2,253 $1,734 -
hire purchase ($000s)
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 Loans from related parties ($000s) $3,468 $3,523 $3,288 - -
Total non-current interest-bearing loans $16,336 $11,229 $5,552 $1,766 $2,477
and borrowings ($000s)
Derivative financial instruments - - - - -
($000s)
Deferred tax liabilities ($000s) $3,642 $3,694 $1,686 $5,719 $2,965
Provisions ($000s) $2,348 $11,333 $1,327 $1,125 $1,220
Convertible redeemable preference - - - - -
shares ($000s)
Other non-current liabilities ($000s) $0 $0 $0 $0 $1,542
Total non-current liabilities ($000s) $22,326 $26,256 $8,565 $8,610 $8,204
TOTAL LIABILITIES ($000s) $75,369 $164,165 $127,255 $745,426 $28,640
Growth (54.09%) 29.00% (82.93%) 2,502.74% -
NET ASSETS ($000s) $340,299 $336,694 $296,525 $117,484 $26,834
Equity - - - - -
Equity attributable to equity holders of - - - - -
the parent
Contributed equity ($000s) $0 $0 $0 $0 $0
Retained earnings ($000s) $347,011 $344,987 $304,189 $124,206 $42,814
Reserves ($000s) ($214) ($2,940) ($3,392) ($3,573) ($4,486)
Total Parent interests ($000s) $346,797 $342,047 $300,797 $120,633 $38,328
Minority interests ($000s) ($6,498) ($5,353) ($4,272) ($3,149) ($11,494)
TOTAL EQUITY ($000s) $340,299 $336,694 $296,525 $117,484 $26,834
Growth 1.07% 13.55% 152.40% 337.82% -
TOTAL EQUITY FOR PREVIOUS $336,694 $296,525 $117,484 $26,834 $34,329
YEAR ($000s)
Growth 13.55% 152.40% 337.82% (21.83%) -

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Financials

Cash Flow Statement

Note: all monetary values are expressed in ($000s) of AUD (except earnings per share).

2023 2022 2021 2020 2019

AUD AUD AUD AUD AUD
Cash flow statement - - - - -
Receipts from customers ($000s) $422,547 $696,885 $466,712 $1,203,942 $89,320
Payments to suppliers and employees ($386,670) ($641,411) ($442,864) ($850,784) ($94,823)
($000s)
Interest paid ($000s) ($688) ($1,012) ($318) ($716) ($529)
Tax paid ($000s) ($132) ($25,346) ($73,472) ($31,421) $197
Other receipts ($000s) $4,916 $190 $894 $212 $594
Other payments ($000s) $0 $0 $0 $0 $0
Net cashflow from/(used in) operating $39,973 $29,306 ($49,048) $321,233 ($5,241)
activities ($000s)
Purchase of property plant and ($7,322) ($15,744) ($7,605) ($2,968) ($2,915)
equipment ($000s)
Purchase of intangibles ($000s) ($323) ($1,676) ($318) - -
Proceeds from the sale of property $0 $0 $0 $279 $178
plant and equipment ($000s)
Proceeds from the disposal of $0 $0 $0 $0 $0
investments/subsidiaries ($000s)
Purchase of subisidiary/investment $0 $0 $0 $0 $0
($000s)
Interest received ($000s) - - - - -
Dividends received ($000s) - - - $126 -
Other investing inflows/(outflows) ($130,510) ($87,621) ($12,611) $285 ($113)
($000s)
Net cashflow from/(used in) investing ($138,155) ($105,041) ($20,534) ($2,278) ($2,850)
activities ($000s)
Proceeds from the issue of shares $0 $0 $0 $0 $0
($000s)
Proceeds from borrowings ($000s) $0 $25,368 $1,191 $5,237 $1,447
Repayment of borrowings ($000s) ($26,023) - - ($10,108) ($252)

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06 April 2024
 Repayment of finance lease liabilities ($3,088) ($1,725) ($1,203) ($1,196) -
($000s)
Interest Paid ($000s) - - - - -
Dividends paid ($000s) ($1,046) ($8,015) ($23,464) ($614) ($1,044)
Other inflows/(outflows) from $0 $0 $0 $0 $0
financing activities ($000s)
Net cash flows from/(used in) ($30,157) $15,628 ($23,476) ($6,681) $151
financing activities ($000s)
Net increase/(decrease) in cash and ($128,339) ($60,107) ($93,058) $312,274 ($7,940)
cash equivalents ($000s)
Other increase/(decrease) in cash and - - - - -
cash equivalents ($000s)
Net foreign exchange differences $2,725 $214 $1,774 ($180) $23
($000s)
Cash and cash equivalents at the $173,587 $233,480 $324,764 $12,670 $20,587
beginning of the period ($000s)
Cash and cash equivalents at the end of $47,973 $173,587 $233,480 $324,764 $12,670
the period ($000s)

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Financials

Ratios

Note: all monetary values are expressed in ($000s) of AUD (except earnings per share).

2023 2022 2021 2020 2019

AUD AUD AUD AUD AUD
Profitability ratios - - - - -
Return on equity 0.61% 15.2% 98% 139.15% (16.51)%
Return on total assets 0.45% 10.41% 31.53% 21.87% (8.69)%
Return on average capital employed 0.58% 19.21% 128.72% 178.83% (11.54)%
Gross margin - - - - -
EBITDA margin (1.91)% 9.72% 25.53% 25.15% (4.79)%
EBIT margin 0.79% 9.72% 25.78% 25.61% (4.79)%
Profit from continuing operations after 0.76% 7.29% 18.84% 17.85% (5.64)%
tax margin
Net profit margin 0.76% 7.29% 18.84% 17.85% (5.64)%
Cashflow from operating 14.83% 4.44% (4.56)% 57.09% (5.85)%
activities/Revenue
Structural ratios - - - - -
Current ratio 6.44 3.23 3.23 1.15 1.73
Quick ratio 6.41 3.2 3.16 0.56 1.7
Interest-bearing loans and 5.34% 11.5% 2.25% 2.18% 13.69%
borrowings/equity
Interest cover - - - - -
Efficiency ratios - - - - -
Inventory turnover (times) 195.61 175.99 132.74 1.3 184.3
Collection period (days) 58.07 80.22 32.93 17.34 50.67
Credit period (days) 8.64 23.06 19.55 9.53 10.37
Employee benefits/revenue from (66.77)% (58.21)% (22.63)% (14.27)% (63.72)%
continuing operations
Average employee costs per year - (105.91) (187.4) (218.24) -
Revenue from continuing operations/ - 181.95 828.12 1,528.98 -
employee
EBIT per employee - 17.68 213.47 391.51 -
Profit from continuing operations/ - 13.26 156.06 272.86 -
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 employee
Total assets per employee - 137.98 325.98 2,344.86 -
Total equity per employee - 92.75 228.1 319.25 -

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Operations
Aspen Medical Pty Limited specialises in providing healthcare and medical services in remote, challenging and under-resourced regions of
high demand. The company provides these services to a broad range of clients, including hospitals, health professionals, nursing homes,
physicians and other related organisations. The company forms working partnerships with public and private enterprises across the oil and
gas, mining and humanitarian sectors, as well as government departments and bodies. Such clients include the Australian Federal Police and
Australian Defence Force, to provide medical support and services in remote or high-demand regions of Australia. Aspen also operates
across nine regions globally, including in the Americas, Europe, Asia, the Pacific, Middle East and Africa. Some of Aspen Medical’s
specific services are detailed below.Indigenous, Rural & Remote HealthAspen Medical provides healthcare services in Indigenous, rural and
remote communities. The company has partnered with federal and state governments to deliver tailored medical and dental solutions such as
the Nursing & Allied Health Rural Locum Scheme (NAHRLS) and the Remote Area Health Corps (RAHC).Emergency HealthThe company
can provide emergency health services to clients in Australia and overseas. These include ambulance services, credentialed paramedics,
emergency infrastructure and emergency bays staffed by qualified career medical officers. Aspen Medical also created the National
Ambulance Company (NAC) in Abu Dhabi in the United Arab Emirates in 2011. The NAC has been providing emergency services since
2011 and has continued to expand throughout the Middle East.Aero-Medical Evacuation (AME)Aspen Medical provides AME services to
clients in the oil and gas, government and mining sectors both in Australia and around the world. The company supplies all medical
equipment, consumables and pharmaceuticals, and tends to all ground and air transport arrangements and insurance requirements.Primary
HealthcareThe company offers primary healthcare services to clients in the oil and gas, mining, defence, government and humanitarian
sectors. One of its largest contracts is with the Australian Defence Force, for which it delivers primary healthcare to 80,000 ADF personnel at
52 bases in Australia in addition to supporting overseas missions.Environmental & Public HealthIn this area, Aspen Medical offers services
including environmental risk assessment and hazards management, communicable disease outbreak investigation and prevention programs,
disaster response and recovery, hygiene assessments, and food and water quality testing and reporting.Occupational HealthAspen Health
offers occupational health services to government and mining clients across Australia. These include workplace health checks and wellness
programs, organisational health audits, physiotherapy, drug and alcohol testing, and vaccinations.Deployable Mobile HospitalsThe
company’s mobile hospitals, which include both tented and modular varieties, re deployed to remote, challenging and under-resourced
environments. A 100-bed mobile hospital can be assembled and operational within 72 hours of arrival. All mobile hospitals feature state-of-
the-art facilities.Dental HealthWith its credentialed dentists, dental assistants and hygienists, Aspen Medical provides dental health solutions
in rural and remote areas across Australia.Training Aspen Medical is a Registered Training Organisation (RTO), providing training to
Defence personnel in Australia and overseas as well as companies in the mining and government sectors. It offers tailored training programs
in areas including first aid, as well as e-learning and training webinars.

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06 April 2024
Industries

Key Industries

6719 - Offices of Holding Companies, Not Elsewhere Classified

8099 - * Health and Allied Services, Not Elsewhere Classified

* Identifies a company's primary SIC.

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06 April 2024
Significant Events
ASPEN MEDICAL PTY LIMITED announces revenue, profit reduction in FY2023 31 Dec 2023
ASPEN MEDICAL PTY LIMITED has declared its financial statements for FY2023, with the company reporting a revenue and net profit
decline. For the 2023 financial year, the company declared revenue of $269.55 million, a decrease compared with the previous year's
revenue of $660.48 million. The company reported a net profit of $2.05 million for FY2023, a reduction from a net profit of $48.13
million for FY2022. Meanwhile, total assets for FY2023 totalled $415.67 million, a decline compared with $500.86 million in FY2022.
Net assets for the reporting year added up to $340.3 million, an increase compared with $336.69 million in FY2022.

ASPEN MEDICAL PTY LIMITED declares revenue, profit reduction in FY2022 15 Jan 2023
ASPEN MEDICAL PTY LIMITED has submitted its financial statements for FY2022, with the company reporting a revenue and net
profit decline. For the 2022 financial year, the company announced revenue of $660.48 million, a decline compared with the preceding
year's revenue of $1.08 billion. The company announced a net profit of $48.13 million for FY2022, a decrease compared with a net profit
of $202.87 million for FY2021. Meanwhile, total assets for FY2022 stood at $500.86 million, up from $423.78 million in FY2021. Net
assets for the reporting year totalled $336.69 million, an increase compared with $296.52 million in FY2021.

ASPEN MEDICAL PTY LIMITED declares revenue, profit growth in FY2021 17 Apr 2022
ASPEN MEDICAL PTY LIMITED has submitted its financial statements for FY2021, with the company reporting improvements in both
its revenue and net profit figures. For the 2021 financial year, the company announced revenue of $1.08 billion, a robust increase
compared with the preceding year's revenue of $562.67 million. The company reported a net profit of $202.87 million for FY2021, a
substantial increase compared with a net profit of $100.41 million for FY2020. Meanwhile, total assets for FY2021 stood at $423.78
million, a decline compared with $862.91 million in FY2020. Net assets for the reporting year totalled $296.52 million, a substantial jump
from $117.48 million in FY2020.

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06 April 2024
Competitors

Company Name DUNS

ROYAL FLYING DOCTOR SERVICE OF AUSTRALIA 750320798

ANGEL FLIGHT AUSTRALIA 750889896

CAREFLIGHT LIMITED 750806002

CALVARY HEALTH CARE ACT LIMITED 751582644

AGFA HEALTHCARE AUSTRALIA PTY LTD 756236548

FULLERTON HEALTH AUSTRALIA PTY LTD 748316572

QLD JOINT VENTURE OPERATIONS PTY LTD 742808785

AGFA HEALTHCARE AUSTRALIA PTY LTD 756236548

MILSPEC SERVICES PTY LIMITED 752082529

BABCOCK MISSION CRITICAL SERVICES AUSTRALASIA PTY LTD 758672968

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06 April 2024
Professional Services

Auditors

ERNST & YOUNG, L 20 88 PHILLIP STREET, SYDNEY NSW 2000

Banks

WESTPAC BANKING CORPORATION, 275 Kent St, Sydney NSW 2000

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06 April 2024
People

Name Title Responsibilities LinkedIn

Director
Christine Michelle Widmaier Company Secretary Company
Secretary
Susan Josephine Neuhaus Director Director
Bruce Maxwell Armstrong CEO AND DIRECTOR Director
Emma Victoria Shand Director Director
Tareq Razaur Rahman Director Director
Glenn Keys Director Director
Personnel
Sanja Marais General Manager Technology & Innovation IT Decision
Maker
Maricel Giorgioni General Manager Culture & Performance Human Resources
Decision Maker
Moazam A. Shah Chief Financial Officer Financial
Decision Maker
Craig Fitzgerald Chief Operating Officer Operations
Decision Maker
John Kelly General Manager - Government, Marketing & Marketing
Sales Decision
Maker,Sales
Decision Maker
Glenn Keys Director Chief Executive
Officer,Purchasin
g

Biographies

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06 April 2024
Susan Josephine Neuhaus

Position Director
Responsibilities Director
Age 58
Date of Birth 30/10/1965

Glenn Keys

Position Director
Responsibilities  Chief Executive Officer
 Director
 Purchasing

Age 60
Date of Birth 30/06/1963

Bruce Maxwell Armstrong

Position CEO AND DIRECTOR

Responsibilities Director
Age 67
Date of Birth 08/04/1957

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06 April 2024
Tareq Razaur Rahman

Position Director
Responsibilities Director
Age 76
Date of Birth 14/09/1947

Christine Michelle Widmaier

Position Company Secretary

Responsibilities Company Secretary
Age 52
Date of Birth 21/10/1971

Emma Victoria Shand

Position Director
Responsibilities Director
Age 52
Date of Birth 11/11/1971

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06 April 2024
Structure & Shareholders

Class of Shares Issues

Class Code Class Description Used in % Calculation Total Shares Unit Price
ORD ORDINARY Y 16 $1

Company Shareholders

Holder Holder Name Class Total Share Held % of

DUNS Code Ownershi
p
891166618 WODONGA INVESTMENT HOLDINGS PTY LTD ORD 16 100.00%

*Disclaimer: Any ownership of private companies (ASIC sourced data) that has a percentage of ownership is indicative only due to company constitutions
defining the rights for each class of shares issued.
Shareholder data displayed in the table is a listing of all companies that own shares in the target company.

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06 April 2024
Family Tree

All Shareholdings

6.4% WEAROPTIMO PTY LTD (Australia)

50.1% ASPEN MEDICAL MANUFACTURING PTY LTD (Australia)
100% PEAK MEDICAL RECRUITING PTY LTD (Australia)
100% MOBILE MEDICAL FACILITIES PTY LTD (Australia)
100% GLOBAL MEDICAL SUPPLIES PTY LIMITED (Australia)
100% EXEMPLAR INTERNATIONAL PTY LTD (Australia)
100% EQUITY HEALTH SOLUTIONS PTY LTD (Australia)
100% CONTACT TRACING TECHNOLOGY PTY LTD (Australia)
100% ASPEN TECHNOLOGY PTY LTD (Australia)
100% ASPEN MEDICAL TRAINING PTY LTD (Australia)
100% ASPEN MEDICAL RETRIEVAL SERVICES PTY LTD (Australia)
100% ASPEN MEDICAL ADVISORY SERVICES PTY LTD (Australia)
100% ASPEN CORPORATE MEDICAL OPTIONS PTY LTD (Australia)
100% ASPEN AND DOCTA PTY LIMITED (Australia)
100% ASPEN MEDICAL PTY LIMITED (Australia)
WODONGA INVESTMENT HOLDINGS PTY LTD

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06 April 2024