Humana Inc. · NYSE:HUM
Humana — Q2 2023 Earnings Presentation
15 slides from Humana's earnings presentation, Jul 21, 2023
Slide 1: Interim Report Q2 2023
Everyone is entitled to a good life. Interim Report Q2 2023 July 21, 2023
Slide 2: Social impact
Social impact Driving the future of welfare • Never before has Humana’s ambition been more important • Complete a quarter with successful outcome in securing freedom of choice in personal assistance • Driving innovative development within elderly care to free time from care givers so they can spend
Slide 3: Improved profitability during challenging times
Improved profitability during challenging times Personal Assistance Continued organic Strong profitability Salary agreements permit process won growth improvement in place Result adjustments Inflation Social outcome measurements and contract - Interim Report Q2 2023 - 3
Slide 4: Net revenue & EBIT contribution in Q2 2023
Net revenue & EBIT contribution in Q2 2023 • Share of Net Revenue Organic Growth & Adj. EBIT 5,4% 4,2% 3,0% 8,8% -2,1% - Interim Report Q2 2023 - 4
Slide 5: Individual & Family
Individual & Family Continued profitability improvement Performance Key Takeaways • Strong growth of 11%, of which organic 8% • Strong underlying demand in core business • Increased occupancy in Child and Youth and Adult segments • Price adjustments • Division healthcare expanding • Profitability im
Slide 6: Personal Assistance
Personal Assistance Highly affected by turbulence around permit Performance Key Takeaways • Permit regained as of 21st of June • Insurance Board directing payments back to Humana Assistans • Negative sales development of -6%, negative organic contribution of -15% • 83% of client base remains • Adj.
Slide 7: Elderly Care
Elderly Care Low occupancy improvements affecting profitability Performance Key Takeaways • Organic growth of 12% • Profitability • Start-up costs for Täby • Low ramp-up pace • Higher personnel costs and inflation-driven cost increases • Accelerated change activity initiated, including but not limit
Slide 8: Finland
Finland Continued good growth and improved profitability Performance Key Takeaways • Strong demand and high organic growth of 17% • Improved profitability • Price adjustments • Improved occupancy • Mitigated by high inflation-driven cost increases and higher personnel costs • Continued shift towards
Slide 9: Norway
Norway Another stable quarter with good growth Performance Key Takeaways • Continued good demand for our services with organic growth reaching 12 % • Higher share of clients with complex demands • Increase in clients within personal assistance • Increased occupancy in family-based care • Profitabili
Slide 10: Quality Management
Quality Management HQI trend remains positive despite challenges Own Controls Quality Management System Whistleblowing Quality Results HQI of 73 in the quarter Internal Control Research & Development External Review - Interim Report Q2 2023 - 10
Slide 11: Financial targets and development
Financial targets and development Organic Growth Profitability Capital Structure - Interim Report Q2 2023 - 11
Slide 12: Items affecting comparability
Items affecting comparability For the second quarter 2023 A quarter with positive signals, bridging the profitability gap YoY and taking a major step forward in quality competition - Interim Report Q2 2023 - 12
Slide 13: Cash Flow
Cash Flow Strong cashflow in the quarter - Interim Report Q2 2023 - 13
Slide 14: Summary
Summary Focus going forward A quarter with positive signals, bridging the profitability gap YoY and taking a major step forward in quality competition - Interim Report Q2 2023 - 14
Slide 15: Thanks!
Thanks! Financial Calendar Further Information Ewelina Pettersson Interim report Jan-Sep, Q3 2023 27 Oct 2023 Interim report Jan-Dec, Q4 2023 8 Feb 2024 IR manager +46 73 074 7912 ewelina.pettersson@humana.se - Interim Report Q2 2023 - 15