Middle East Healthcare Company · TADAWUL:4009
Middle East Healthcare — Q4 2021 Earnings Presentation
31 slides from Middle East Healthcare's earnings presentation, 2022
Slide 1: Saudi German Health Investor Presentation – 4Q 2021
Saudi German Health Investor Presentation – 4Q 2021
Slide 2: SGH at a Glance
7 ~1k bed ~90% Operational Population Hospitals Capacity Access 6.0k 1.0k 1.9k Total Total Total Staff Doctors Nurses 3.7 64% 57% SGH at a Glance Avg. Length of Utilization Rate Utilization Rate Stay (Beds) (Clinics) 387k* 8.3mn* 205k* Inpatient Outpatient Performed Censes Censes Surgeries 2 *Aggreg
Slide 3: The Group
The Group Mission Vision To Provide Evidence-Based, Safe Medical To be the Leader in Improving People’s Lives. Services Delivered with Effective Management, Engagement with Our Community and Fulfillment of Our Stakeholder’s Needs. 3
Slide 4: Table of Content
TABLE OF CONTENT 01 02 03 04 05 Overview Market Landscape Financial & Updates & 4Q 2021 Results Operational Strategic Focus Highlights 4
Slide 5: Overview
01 Overview 5
Slide 6: Our People
Our People Eng. Sobhi Batterjee Makarem Batterjee Dr Ahmed Shebl Madani Hozaien Chairman President and Vice Chairman Group Chief Executive Officer Group Chief Financial Officer 6
Slide 7: About Saudi German Health
About Saudi German Health Saudi German Health at a Glance Middle East Healthcare Company (MEAHCO), publicly known as Saudi German Health (SGH), is a leading healthcare provider in Saudi Arabia. Building on a long family legacy as medical pioneers in the Kingdom, Saudi German Health was founded by th
Slide 8: Equity Growth Story
Equity Growth Story 217 Licensed Beds 300 Licensed Beds 150 Licensed Beds 150 Licensed Beds 204 Operational Beds 214 Operational Beds 90 Operational Beds 98 Operational Beds 131 Clinics 69 Clinics 24 Clinics 16 Clinics 1988 2001 2017 2020 Establishment in Establishment in Establishment in Establishm
Slide 9: Saudi German Health's Brand Footprint
Saudi German Health's Brand Footprint Saudi Arabia 4 • 6 Owned COUNTRIES ➢ Jeddah ➢ Asser ➢ Riyadh ➢ Madinah ➢ Hail ➢ Dammam 12 • 1 Leased HOSPITALS ➢ Jeddah United Arab Emirates • 3 Hospitals 30+ ➢ Dubai ➢ Sharjah ➢ Ajman YEARS Egypt • 1 Hospital 44 ➢ Cairo Hospitals Owned SPECIALITIES Yemen • 1 Ho
Slide 10: Accreditations
Accreditations Jeddah Jeddah Asser Asser Riyadh Riyadh Madinah Madinah Hail Hail Dammam Dammam Accredited 10 In Progress
Slide 11: Share Overview
Share Overview Shareholder Structure SGH Share Data Market Cap. (SAR mn) 2,913 0 Market Cap. (USD mn) 777 Others 52-Week High (SAR) 40.85 92mn 45% 55% Shares Bait Al-Batterjee 52-Week Low (SAR) 31.60 3-month ADTV (SAR mn) 12 12-month ADTV (SAR mn) 36 1 Year Stock Performance vs. TASI VOLUME TRADED (
Slide 12: Market Overview
02 Market Overview 12
Slide 13: Population at a Glance
Population at a Glance Gender Breakdown (%) Age Breakdown (%) 14% 0-19 31% Male 20-34 42% Female 35 - 49 58% 28% >50 27% Breakdown by Administrative District (%) 26% 25% 15% 7% 7% 4% 5% 3% 2% 2% 1% 1% 2% Riyadh Makkah Madinah Al-Qassim Eastern Region Asir Tabuk Hail Northern Jazan Najran Al-Bahah Al
Slide 14: Sector Growth Profile
Sector Growth Profile No . of Baby Deliveries (# 000) Breakdown by Institution (%) MOH Other Gov.Sector Private Sector Baby Deliveries 602 593 40% 39% 40% 17% 17% 17% 578 43% 44% 44% FY 16/17 FY 17/18 FY 18/19 FY 16/17 FY 17/18 FY 18/19 No. of Surgeries (# mn) 18/19 Breakdown by Type (%) General 21%
Slide 15: Inpatients & Outpatients at a Glance
Inpatients & Outpatients at a Glance Breakdown of Inpatients Sector Breakdown 49% 46% 42% 40% 39% 36% Inpatients 28% 15% 18% 16% 72% FY 16/17 FY 17/18 FY 18/19 Saudi Non-Saudi MOH Other Gov.Sector Private Sector Breakdown of Outpatients Sector Breakdown 43% 39% 43% 39% 44% 37% Outpatients 75% 25% 17
Slide 16: With Clear Room for Growth
With Clear Room for Growth Beds Hospitals No. Beds (# 000) No. of Hospitals (#) 77.0 75.1 498.0 494.0 73.0 484.0 70.8 69.4 470.0 462.0 FY 14/15 FY 15/16 FY 16/17 FY 17/18 FY 18/19 FY 14/15 FY 15/16 FY 16/17 FY 17/18 FY 18/19 No. of Beds/ 100k Person (#) No. of Hospitals/ 100k Person (#) 225.0 1.5 22
Slide 17: Health Insurance (1-2)
Health Insurance (1-2) Highlights Gross Written Premiums (SR bn) Net Written Premiums (SR bn) 24 22.5 22.8 21.6 21.9 Total Saudi Insurance 18.6 19.1 19.9 18.9 18.1 18.4 19.3 18.2 17.7 16.9 Companies 9.9mn FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 9M 2020 9M 2021 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020
Slide 18: Health Insurance (2-2)
Health Insurance (2-2) Gross Written Premiums (% of Total Market) Net Written Premiums (% of Total Market) 59% 70% 59% 59% 69% 59% 68% 68% 57% 64% 52% 51% 60% 60% FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 9M 2020 9M 2021 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 9M 2020 9M 2021 Net Earned Premiums (% of
Slide 19: Financial & Operational Highlights
03 Finanical & Opeational Highlights 19
Slide 20: Key P&L Indicators
Key P&L Indicators Revenue (SAR mn) EBITDA (SAR mn) Net Profit After Zakat (SAR mn) 1,873 421 359 1,751 371 1,616 1,497 1,462 292 1,391 252 235 202 196 165 499 449 90 76 51 31 12 10 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 4Q 4Q FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 4Q 4Q FY 2016 FY
Slide 21: Key Balance Sheet Metrics
Key Balance Sheet Metrics Assets (SR bn) Cash and Cash Equivalent (SR mn) 4.0 4.0 155 3.6 3.6 3.3 2.7 111 2.5 2.4 54 44 17 28 17 28 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 4Q 2020 4Q 2021 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 4Q 2020 4Q 2021 Capital Structure (SR bn) Total Equity D
Slide 22: Key Operational Metrics (1-2)
Key Operational Metrics (1-2) Inpatient Cases (# 000) Outpatient Cases (# mn) Performed Surgeries (# 000) 1.3 70 71 1.3 45 1.1 1.2 1.2 1.2 57 35 48 48 29 45 23 23 25 16 19 0.3 0.4 18 10 2016 2017 2018 2019 2020 2021 4Q 4Q 2016 2017 2018 2019 2020 2021 4Q 4Q 2016 2017 2018 2019 2020 2021 4Q 4Q 2020 2
Slide 23: Key Operational Metrics (2-2)
Key Operational Metrics (2-2) Revenue Breakdown – 4Q 2021 Revenue Breakdown – 4Q 2021 4% 7% 6% 19% Insurance Jeddah 33% Aseer MoH 16% Riyadh 51% Cash Madinah Hail 26% Others Dammam 19% 19% * Jeddah contribution include Beverly Clinics, AJ Sons and Management Fees CoGS Breakdown – 4Q 2021 Saudization
Slide 24: Updates & Strategic Focus
04 Updates & Strategic Focus 24
Slide 25: Expansion & CAPEX
Expansion & CAPEX Riyadh One Day Makkah Makkah Dammam Outpatient Surgery Hospital Housing Housing Tower Hospital 134 beds,160 clinics 300 beds Capex 114 million Capex 90 million 35 beds,16 clinics Capex 194 million Capex 389 million To be operational 3Q To be operational 4Q Rent SAR 7 mn in 2 To be
Slide 26: Turnaround Revolution
Turnaround Revolution Integration Diversification Digital Accreditation Restructure Transformation Cost Patients Technology Efficiency Satisfaction 26
Slide 27: Hospitals Under Management Pipeline
Hospitals Under Management Pipeline Egypt Pakistan Morocco • SGH Alex West • SGH Lahore • SGH Casablanca • SGH Giza • SGH Islamabad • SGH Karachi • BTPL Lahore 27
Slide 28: 4Q 2021 Results
05 3Q 2021 Results 28
Slide 29: Income Statement
Income Statement (In SAR mn) 4Q 2021 4Q 2020 Change FY 2021 FY 2020 Change Revenue 499 449 11% 1,873 1,751 7% Cost of Revenue (339) (310) (1,264) (1,172) Gross Profit 160 139 15% 608 578 5% Gross Profit Margin 32.1% 31.0% 32.5% 33.0% Selling & marketing Expenses (25) (10) (46) (31) General & Adminis
Slide 30: Balance Sheet
Balance Sheet (In SAR mn) Dec 2021 Dec 2020 Property and Equipment 2,357 2,074 Right of Use Assets 33 26 Intangible Assets 7 7 Total Non-Current Assets 2,397 2,106 Inventories 156 156 Account Receivable 1,282 1,236 Prepayments and Others 110 85 Cash and Bank Balances 28 17 Total Current Assets 1,576
Slide 31: Thank You
Thank You
Middle East Healthcare Company (Saudi German Health) — Q4 2021 Earnings Presentation on 6ix