Yatharth Hospital And Trauma Care Services Limited · NSE:YATHARTH
Yatharth Hospital And Trauma Care Services — Q1 FY24 Earnings Presentation
42 slides from Yatharth Hospital And Trauma Care Services's earnings presentation, Aug 17, 2023
Slide 1: Cover letter to stock exchanges for Q1 & FY24 results
August 18, 2023 The Listing Department Dept. of Listing Operations National Stock Exchange of India Limited BSE Limited, Exchange Plaza, 5th Floor, Plot No. C/1 P J Towers, Dalal Street, G Block, Bandra-Kurla Complex, Bandra (E) Mumbai -400001, India Mumbai – 400 051 Symbol: YATHARTH Scrip Code: 543
Slide 2: Q1 FY24 Earnings Presentation
www.yatharthhospitals.com Q1 FY24 Earnings Presentation August 17, 2023 1
Slide 3: Disclaimer
Disclaimer Certain matters discussed in this Presentation may contain statements regarding the company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements doesn’t guarantee future performance and are subject t
Slide 4: Q1 FY24 Performance Highlights
Q1 FY24 Performance Highlights 3
Slide 5: Q1FY24 Financial Highlights
Q1FY24 Financial Highlights ▪ Revenue growth of 39% YoY, across all Rs. 1,545 mn +39% YoY specialties and super-specialties +7% QoQ Revenue ▪ EBITDA grows by 61% YoY. EBITDA Margin expanded by 368bps YoY to 26.8%, driven Rs. 414 mn 26.8% Margin +61% YoY +368bps YoY by operating leverage +5bps QoQ +8
Slide 6: Financial Highlights
Financial Highlights Revenue (Rs mn) EBITDA (Rs mn) PAT (Rs mn) +39% 50 0 49 5 49 0 30% 300 295 18% +7% 26.8% 26.8% 48 5 290 48 0 475 285 17% 470 280 46 5 46 0 275 45 5 45 0 270 44 5 16% 265 44 0 435 260 430 23.1% 425 255 420 25% 250 15% 415 410 245 40 5 40 0 240 395 235 390 14% 385 12.3% 230 380 12
Slide 7: Operational Highlights
Operational Highlights ❑ Occupancy was 51% in Q1FY24, vs 40% in Q1FY23 and 49% in Q4FY23 Noida hospital reported high occupancy levels of 92% ❑ ARPOB for Q1FY24 was Rs. 28,140, vs Rs. 26,457 in Q1FY23 and Rs. 27,706 in Q4FY23 Noida extension hospital reported highest ARPOB of Rs. 33,926 ❑ Inpatient
Slide 8: Operational KPIs
Operational KPIs Revenue Mix (Rs mn) Patient Volume (in ‘000s) Inpatient Revenue Outpatient Revenue Inpatient Volume Outpatient Volume 4,519 330 3,464 223 1,267 1,359 77 81 77 950 546 684 160 171 186 33 45 10 11 12 Q1FY23 Q4FY23 Q1FY24 FY22 FY23 Q1FY23 Q4FY23 Q1FY24 FY22 FY23 ARPOB (Rs) ALOS (days)
Slide 9: Operational KPIs
Operational KPIs ChartRevenue Hospital-wise Title (Rs mn) 1,545 1,438 1,111 528 559 465 451 381 442 405 443 269 9 64 79 Q1FY23 Q4FY23 Q1FY24 Greater Noida Noida Noida Extension Jhansi-Orchha Consolidated ChartBed Hospital-wise TitleOccupancy 91% 92% 79% 63% 66% 56% 49% 51% 40% 36% 37% 26% 14% 17% 3%
Slide 10: Specialty Mix
Specialty Mix Q1 FY23 Q1 FY24 Organ Transplant , 0% Organ Transplant , 1% Oncology, 1% Oncology, 3% Pulmonology, 4% Others* Pulmonology, 5% Gastroenterology, 2% Others* 4% 6% Gastroenterology, 3% Gynecology, 4% Medicine Medicine Gynecology, 4% 33% 33% Pediatrics, 4% Total Revenue Pediatrics, 4% Tota
Slide 11: Clinical Achievements
¢ Clinical Achievements Yatharth Hospital, Noida Extension (Gr. Noida West) achieves milestone in 5 months Yatharth Hospital gives new lease of life to cancer p: fenexren notok VEST) Yan : Hosp, Mode eens as Pub ly ped SO dey msg a8 pun ee tothe ofthe lunch of Wey “Tonio ream sate Maser" anand wee r
Slide 12: Profit & Loss Summary
Profit & Loss Summary Change Change Change Particulars (Rs Mn) Q1FY24 Q4FY23 Q1FY23 FY23 FY22 QoQ YoY YoY Revenue from Operations 1,545 1,438 7% 1,111 39% 5,203 4,009 30% Medical Consumables & 281 257 9% 213 32% 929 813 14% Pharmacy items Employee Expenses 268 250 7% 195 37% 919 805 14% Other Expens
Slide 13: About The Company
About The Company 12
Slide 14: At a Glance
At a Glance Leading super specialty hospital in Delhi-NCR Among top 10 largest private hospitals One-stop destination for patient needs providing all of Delhi NCR region in terms of number levels of healthcare services from primary to tertiary of beds 2019 Noida Extension 4 10 1,405 Hospitals Center
Slide 15: Our Journey
Our Journey Growing presence across regions and services 2008 2013 2019 2023 Incorporation of Established our Commencement of Listing on NSE & BSE company and second 250 bedded our third hospital, commencement of hospital, in Noida Noida Extension operations hospital, in May 2019, pursuant to the ac
Slide 16: Hospitals
Hospitals ➢ Built on foundation of talent, trust, technology, service and infrastructure Diversified revenue mix across hospitals (FY23) ➢ Complying with international quality standards ➢ NABH accredited hospitals Jhansi Orchha 3% Greater Noida Jhansi - Noida Noida Greater Noida Extension Orchha Ext
Slide 17: Greater Noida Hospital Overview
Greater Noida Hospital Overview Revenue from Operations (Rs mn) Provides a wide spectrum of super specialty services in the field of cardiology, cardiovascular and thoracic surgery, neurology, neurosurgery, urology, nephrology, 1,994 1,702 oncology, gastroenterology etc. Strategy to develop this hos
Slide 18: Noida Hospital Overview
Noida Hospital Overview Revenue from Operations (Rs mn) Provides services across 30 specialties, including cardiac sciences, 1,721 orthopedics, nephrology, urology, neurosciences, gastroenterology, etc. 1,283 Strategy to improve ALOS and improve the combination of super specialties, 681 for better A
Slide 19: Noida Extension Hospital Overview
Noida Extension Hospital Overview One of the largest hospital in the Noida Extension region, offering a mix of 11 Revenue from Operations (Rs mn) modular and other operation theatres 1,357 Plan to develop this hospital as a Centre of Excellence for oncology 1,023 treatment and robotic surgeries 795
Slide 20: Jhansi – Orchha Hospital Overview
Jhansi – Orchha Hospital Overview One of the largest hospital in Jhansi-Orchha-Gwalior region Acquired in FY22, aimed at further expanding into new geographies and Revenue from operations growing presence in the regional healthcare market Rs. 131 mn Hospital has infrastructure to operate all the maj
Slide 21: Our Specialties (1/2)
Our Specialties (1/2) 30 Specialties and Expanding share of high value specialties Diversified specialty services Super specialties including 10 Centers 2023 31% 10% 10% 9% 9% 6% 5% 5% 4% 3% 9% of Excellence (COE) Our COEs 2022 50% ➢ Centre of Medicine ➢ Centre of Cardiology ➢ Centre of Neuroscience
Slide 22: Our Specialties (2/2)
Our Specialties (2/2) Expanding share of high value specialties Revenue change - FY23 vs FY21 FY21-23 13% 66% 77% 72% 82% 65% 79% 108% 131% 209% 53% CAGR FY2021 FY2023 Revenue (Rs. mn) 1,637 442 509 509 265 295 230 242 473 158 147 General Surgery Pulmonology Others Nephology & Gynecology Neuroscienc
Slide 23: Payer mix
Payer mix Balanced revenue split between payer categories Self-payers FY2023 1,888 1,605 885 FY21 FY22 FY23 Self-payers Central, state and others and local Insurers through TPA 36% government 1,227 1,381 bodies 669 under government scheme FY21 FY22 FY23 37% Insurers acting through third party Govern
Slide 24: Our Strengths
\f 23 OUR STRENGTHS
Slide 25: Strengths
Strengths Among the leading super-specialty hospital in Delhi NCR with diverse Regional advantage specialty and payer mix Advanced and high-end medical Experienced and professional equipment and technology management team Track record of stable Team of highly qualified operating & financial medical
Slide 26: Leading hospital in Delhi NCR with diverse mix
Leading hospital in Delhi NCR with diverse mix Diversified revenue mix in terms of specialties, hospitals and customers allowing to grow Specialty Profile business and maintain a relatively de-risked business proportions 2 of Yatharth’s hospitals are amongst top 10 largest private hospitals in Delhi
Slide 27: Regional Advantage
Regional Advantage Integrating talent from First mover advantage in well-established allied building out network workforce across Tier II/III cities Promoters being Stronger local connect doctors, have better with people 26 connect with doctors
Slide 28: Advanced and high-end medical equipment and technology
Advanced and high-end medical equipment and technology • Hospitals are equipped with machines and devices with sophisticated technology • Strive to introduce cutting-edge medical technology and state-of-the-art equipment • Catheterization Laboratory Diagnostic Certifications • Computerized Tomograph
Slide 29: Team of highly qualified medical professionals
Team of highly qualified medical professionals Highly qualified and certified medical professionals and other staff Number of Doctors (March’23) Full Time Employees (March’23) Corporate Visiting, and Support 164 Staff, 1516 Resident Medical Consultant , 267 Doctors, 178 Resident Nurses, Medical, 178
Slide 30: Experienced and professional management team
Experienced and professional management team Leadership Promoted by experienced medical professionals, Dr. Ajay Kumar Tyagi and Dr. Kapil Kumar Dr. Ajay Kumar Tyagi Dr. Kapil Kumar Chairman & Whole-time Director Managing Director Management Led by experienced and qualified professional management te
Slide 31: Track record of stable operating and financial performance
Track record of stable operating and financial performance Growth led by strong operational Optimizing Capex Allocation 1. Stable operating & efficiency: 1. Reinvesting in increasing bed financial performance 1. Streamlining clinical and capacity and opening new hospitals 2. Continued growth over th
Slide 32: Growth Strategy
Growth Strategy Continue to Introduce new Grow medical Augment scale Further leverage improve our specialties at tourism segment through organic technology to quality of care existing hospitals to attract and inorganic grow operations and operational international manner in current efficiencies pati
Slide 33: Key Growth Drivers (1/2)
Key Growth Drivers (1/2) Improving specialty mix Introduce new specialties at Grow medical tourism segment towards high value specialties existing hospitals to attract international patients ➢ Increase in share of higher value ➢ Noida Extension taking the lead by ➢ Close proximity to the upcoming sp
Slide 34: Key Growth Drivers (2/2)
Key Growth Drivers (2/2) Leverage technology to grow Improving utilization & Jhansi Targeting Balanced Growth operations hospital stabilization ➢ Augment scale through organic ➢ Adopt the latest medical ➢ Focus towards increasing ARPOB and inorganic manner in current technologies and equipment to an
Slide 35: Growth Opportunity
Growth Opportunity Delhi-NCR attracts patients from adjoining states with inadequate healthcare facilities Delhi NCR region ➢ Noida, Greater Noida and Noida extension attract patients from the Jhansi-Orchha- NCR region, other nearby states and even internationally Gwalior ➢ Even with high bed densit
Slide 36: Appendix
Appendix 35
Slide 37: Awards and Accreditations
Awards and Accreditations 2020 2021 2023 ➢ Awarded 1st in Swachhta Ranking ➢ Covid Thank You award by Niva ➢ Awarded UP Ratan Samman by (for quarter ended Sep 2019) in Bupa Dainik Jagran Inext Swachh Survekshan League 2020 by ➢ 5-star grading by Infomerics ➢ Accreditation (ISO 15189:2012) from Noida
Slide 38: Board of Directors (1/2)
Board of Directors (1/2) Dr. Ajay Kumar Tyagi Dr. Kapil Kumar Yatharth Tyagi Chairman & Whole-time Director Managing Director Whole-time Director ➢ Over 17 years of experience in medical ➢ Over 17 years of experience in medicine ➢ Associated with the company since 2019 care and hospital management a
Slide 39: Board of Directors (2/2)
Board of Directors (2/2) Promila Bhardwaj Mukesh Sharma Sanjeev Upadhyaya Independent Director Independent Director Independent Director ➢ Over 35 years of experience in public ➢ Over 35 years of experience in banking ➢ Over 20 years of experience in administration ➢ Previously associated with Bank
Slide 40: Management Team
Management Team Amit Kumar Singh Pankaj Prabhakar Deepak Kumar Tyagi Chief Executive Officer Chief Financial Officer President, Strategy and Finance ➢ Over 17 years of experience in hospital ➢ Over 16 years of experience incorporate ➢ Approximately 14 years of experience management finance of severa
Slide 41: Shareholding Pattern
Shareholding Pattern Shareholding Pattern* BSE Ticker 543950 20.34% NSE Ticker YATHARTH 4.25% 9.07% Market Capitalization* 66.33% Rs. 28,653 mn No. of shares outstanding 8,58,50,233 Promoter Group DIIs FIIs Others 40 * As on listing date – Aug 7, 2023; Shareholding pattern is as on IPO allotment dat
Slide 42: Thank You
Thank You www.yatharthhospitals.com Yatharth Hospital & Trauma Care Services Ltd CIN: L85110DL2008PLC174706 www.yatharthhospitals.com Investor Relations investor.relations@yatharthhospitals.com 41
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