Terveystalo Oy Class A · OMXHEX:TTALO
Terveystalo Oy Class A — Q3 2020 Earnings Presentation
22 slides from Terveystalo Oy Class A's earnings presentation, 2020
Slide 1: Terveystalo Q3 2020: Revenue increased and profitability improved
Terveystalo Q3 2020: Revenue increased and profitability improved in the third quarter CEO Ville Iho CFO Ilkka Laurila
Slide 2: Q3 in brief
Q3 in brief Topline returned to growth thanks to strong sales to private and corporate customers Rapidly changing demand conditions continued - The focus of service production was shifted particularly toward testing and digital services Profitability showed a substantial year-on-year improvement, th
Slide 3: COVID-19 impact on revenue
COVID-19 impact on revenue • The duration and magnitude of the effects will strongly depend on the evolution of the epidemic situation and its effects on consumer behavior and employment • A diverse customer base and range of services together with good preparedness of the organization enable scalin
Slide 4: Q3 revenue returned to growth
Q3 revenue returned to growth Q3 revenue by payor group, M€ • Q3 revenue increased y-o-y due to strong sales from +3% private and corporate customers. 250 240 234 • Public revenue declined primarily due to the 14 16 expiration of outsourcing contracts at the turn of the 200 21 20 year 37 31 • Over 7
Slide 5: COVID-19 impact on business
COVID-19 impact on business Q1 Q2 H2 • Extensive restrictions on movement and • Restrictions on the movement and assembly assembly of people were in full force from 13 March to • Limitations of non-emergency oral health 14 May 2020. • Regional recommendations according to the Regulatory care and non
Slide 6: We successfully improved the performance of our platform in Q3
We successfully improved the performance of our platform in Q3 +27% NPS 80 75,000 PROFITABILITY IMPROVED CUSTOMER SATISFACTION COVID-19 TESTS THANKS TO COST DICIPLINE HAS REMAINED AT A CONDUCTED RECORD-HIGH LEVEL Q3 Adjusted EBITA increased by We quickly responded to growing 26.5% to EUR 30.9 millio
Slide 7: We responded quickly to demand by scaling up services and creating new ones
We responded quickly to demand by scaling up services and creating new ones
Slide 8: Digital channels are growing in popularity
Digital channels are growing in popularity https://avoinraportointi.terveystalo.com 8 terveystalo.com 8
Slide 9: The exceptional circumstances created by COVID-19 are not over
The exceptional circumstances created by COVID-19 are not over – We continue to emphasize agility and responsiveness in managing our business 9
Slide 10: Financial performance
Ilkka Laurila, CFO Financial performance
Slide 11: Revenue returned to growth, profitability improved
Revenue returned to growth, profitability improved Revenue. Adjusted EBITDA * **. % Adjusted EBITA* **. M€ and % 300 30 35 30 270,3 32,4 32,3 267,8 30,9 258,6 257,4 250 234,0 240,2 25 30 27,1 25 25,9 209,2 19,2 25 24,4 197,9 22,9 200 17,9 17,7 20 20 16,4 17,0 160,3 15,8 20 14,8 150 15 13,7 12,9 15 1
Slide 12: Investments in digital services increased IT costs, PPE procurement increases costs of materials
Investments in digital services increased IT costs, PPE procurement increases costs of materials M€ 4-9/2020 4-9/2019 Change. % 1-9/2020 1-9/2019 Change. % 2019 Revenue 240.2 234.0 2.6 706.7 760.4 -7.1 1 030.7 Other operating income 0.5 0.6 -12.2 2.0 1.4 44.1 2.1 Purchase of materials -7.4 -6.9 8.3
Slide 13: Liquidity at a good level
Liquidity at a good level m€ 30.9.2020 30.9.2020 31.12.2019 • Cash and cash equivalents EUR 64.8 mill. (42.4). ASSETS • Total assets EUR 1,351.0 mill. (1,358.8). Property. plant and equipment 68.5 68.6 69.5 Right of use assets 172.3 192.6 193.2 • Equity attributable to owners of the parent company w
Slide 14: Indebtedness below target
Indebtedness below target Net debt/adjusted EBITDA Operational efficiency is reflected in the (last 12 months)* negative net working capital 4,6 150 4,1 6 6 6 6 6 8 3,8 100 8 3,5 3,4 3,4 5 3,1 3,2 50 110 101 101 102 100 83 99 73 0 -33 -58 -59 -58 -52 -50 -70 -73 -86 -174 -176 -166 -165 -179 -177 -15
Slide 15: The share of intangible investments continue to grow (excluding M&A)
The share of intangible investments continue to grow (excluding M&A) Gross capex. M€ and %- of revenue Net capex. M€ and %- of revenue 44 4,5 45 4,4 4,3 4,3 4,3 4,3 4,2 4,3 50 46 4,1 4,5 45 4,1 4,5 45 3,9 41 39 3,9 3,7 41 4,0 40 3,7 38 8 38 4,0 40 11 4 40 38 38 3,5 35 5 3,5 19 12 18 30 14 31 16 3,0
Slide 16: Financial calendar and AGM in 2021
Financial calendar and AGM in 2021 • Financial Statements Bulletin 2020 on Thursday, 11 February 2021 • Annual Report 2020 on week 7, 2021 • Interim report for January-March 2021 on Thursday, 29 April 2021 • Half-Year Report for January-June 2021 on Friday, 16 July 2021 • Interim report for January-
Slide 17: Q&A
Q&A terveystalo.com
Slide 18: Thank you.
Thank you.
Slide 19: Outlook
Outlook • In the short term, the market environment is still uncertain because of the changes in consumer behavior resulting from the COVID-19 pandemic, and predicting demand is challenging in the short term. Demand for tests increased strongly in the third quarter of the year and is expected to rem
Slide 20: Key Figures
Key Figures 7–9/ 7–9/ 1–9/ 1–9/ Terveystalo Group. EUR million Change. % Change. % 2019 2020 2019 2020 2019 Revenue 240.2 234.0 2.6 706.7 760.4 -7.1 1 030.7 Adjusted EBITDA * 1) 46.1 39.8 15.8 108.3 128.5 -15.8 176.3 Adjusted EBITDA. % * 1) 19.2 17.0 - 15.3 16.9 - 17.1 EBITDA 1) 45.5 38.6 18.0 104.6
Slide 21: Key Figures
Key Figures Terveystalo Group. EUR million 7–9/ 7–9/ Change. 1–9/ 1–9/ Change. % 2019 2020 2019 % 2020 2019 Average personnel in person-years – – – 5,023 4,861 3.3 4,943 Personnel (end of period) – – – 8,226 7,262 13.3 8,685 Private practitioners (end of period) – – – 5,210 5,082 2.5 5,068 Net Promo
Slide 22: terveystalo.com #terveystalo
terveystalo.com #terveystalo