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SUM - Summerset Group profile

This is a basic profile of an NZX50 listed company. It is not investment advice. We recommend you contact a qualified adviser if you need more information.

Summerset Group 


NZX code: SUM
Short name: Summerset Group
Legal name: Summerset Group Holdings Limited
Industry sector: Aged care service provider
NZX50 rank: 14 of 50
Head office address: Level 27, Majestic Centre, 100 Willis Street, Wellington, New Zealand
Chairman: Mark Verbiest
Chief executive: Julian Cook
Financial year ended: December
Locations: New Zealand
Auditor: EY
Bankers: ANZ, BNZ, NAB, CBA, ICBC, Westpac

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Summerset Group Holdings

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Financial statement history

A. Recent trading and performance summary:

NPAT Earnings
per share
fye Dec mln mln cents
2016 $86.1 $68.8 66.9
2017 $110.5 $240.0 109.8
2018 $137.0 $214.5 97.1
2019 $153.9 $175.3 78.6
2020 $172.4 $230.8 102.3

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B. Recent financial position summary:

fye Dec bln bln %
2016 $1.71 $1.16 32.2
2017 $2.23 $1.45 35.0
2018 $2.77 $1.79 35.4
2019 $3.34 $2.21 33.8
2020 $3.89 $2.54 34.7

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C. Recent cash flows and positions:

Cash and equiv. 
at year end
fye Dec mln mln mln
2016 $201.8 $199.9 $8.7
2017 $256.4 $257.5 $7.6
2018 $290.3 $290.4 $7.5
2019 $341.4 $327.4 $21.5
2020 $313.1 $318.8 $15.8

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D. Recent key ratio analysis:

per share
NTA/share Dividend
fye Dec cents annual avg dollars annual avg %
2016 66.9 7.0 2.50 1.65
2017 109.8 5.0 3.57 2.00
2018 97.1 6.6 4.40 2.07
2019 78.6 11.3 5.05 1.58
2020 102.3 12.3 5.98 1.04

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Description of trading activities 

Summerset has grown to become one of New Zealand's largest and most respected operators in the retirement and care sector. They have 29 retirement villages around the country, with more than 6,000 people in these homes.

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CEO profile

Scott Scoullar was appointed CEO of Summerset in 2021. Before the role, Scoullar was the CFO of the company. Before joining Summerset, Scoullar held CFO roles at Housing New Zealand, and Inland Revenue. Scoullar received the CFO of the Year award at the 2019 CFO Summit awards, and in 2011 received NZICA's Public sector CFO award. Scoullar is a fellow of CPO Australia and a CPA New Zealand Council Board member.

Chairman Profile

Mark Verbiest has held the role as the CEO of Summerset since July 2021. Verbiest is a lawyer by trade, with a wealth of knowledge in the industry having spent years in private practice, as a partner for a large national law firm. Verbiest then joined the senior executive team at Telecom New Zealand as a Group General Counsel. Verbiest is currently the Chair of NZX-listed companies Meridian Energy, and Freightways. Verbiest is also a Director of ANZ Bank.


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