Sonic Healthcare Limited · ASX:SHL

Sonic Healthcare — Shareholder Meeting (November 2019)

26 slides from Sonic Healthcare's shareholder meeting presentation, Nov 19, 2019

  1. Slide 1: Annual General Meeting

    Annual General Meeting 19 November 2019

  2. Slide 2: Forward-looking statements

    Forward-looking statements This presentation may include forward-looking statements about our financial results, guidance and business prospects that may involve risks and uncertainties, many of which are outside the control of Sonic Healthcare. Readers are cautioned not to place undue reliance on f

  3. Slide 3: Headlines FY 2019

    Headlines FY 2019  FY 2019 result in line with guidance (constant currency)  Underlying EBITDA growth 6.7%  Statutory result strong (actual currency)  Revenue growth 11.6% to A$6.2 billion  EBITDA growth 13.3% to A$1.1 billion  Net profit growth 15.6% to A$550 million  Final dividend up 4.1%

  4. Slide 4: FY 2020 Guidance

    FY 2020 Guidance  FY 2020 EBITDA growth guidance confirmed after 4 months’ trading  Guidance  EBITDA growth 6-8% on underlying FY 2019 EBITDA of A$1,052 million (constant currency)  Interest expense to decrease by ~5% (constant currency)*  Effective tax rate ~25%  Capital expenditure expected

  5. Slide 5: Dividends

    Dividends A$ FY 2019 FY 2018 Growth Interim Dividend $0.33 $0.32 3.1% Final Dividend $0.51 $0.49 4.1% Total Dividends $0.84 $0.81 3.7%  Final dividend franked to 30% (interim dividend franked to 20%)  Record date 11 September 2019  Payment date 25 September 2019  Dividend Reinvestment Plan suspe

  6. Slide 6: Full-year Dividend

    Full-year Dividend $0.90 $0.84 $0.80 $0.70 $0.60 $0.50 A$ $0.40 $0.30 $0.20 $0.10 $0.00 Financial Year Sonic Healthcare | AGM November 2019

  7. Slide 7: Annual Revenue

    Annual Revenue 7.0 6.7* 6.2 6.0 5.0 4.0 A$B 3.0 2.0 * FY 2020 revenue, including full 1.0 year of Aurora acquisition, based on market consensus forecast, 0.014 including FX rate assumptions. Illustrative only, not Sonic guidance. 0.0 Financial Year Sonic Healthcare | AGM November 2019

  8. Slide 8: Annual Revenue: Australia v International

    Annual Revenue Australia v International 7,000 6,000 5,000 4,000 Australia 39% A$M 3,000 International 61% 2,000 1,000 Australia International - Australia International Sonic Healthcare | AGM November 2019

  9. Slide 9: International Expansion

    International Expansion GERMANY SWITZERLAND BELGIUM UNITED KINGDOM IRELAND USA AUSTRALIA NEW ZEALAND Market leader #1 Sonic Healthcare | AGM November 2019

  10. Slide 10: Acquisitions – 32 Years of Enrichment

    Acquisitions – 32 Years of Enrichment  Acquired companies are culturally aligned  Integrations and mergers smooth  Fall-out minimal  Drives loyalty, commitment, passion  Global unity of purpose  Acquired companies add value to Sonic  Adding people and talent  Geographical diversification  S

  11. Slide 11: Sonic Healthcare Today

    Sonic Healthcare Today  International healthcare company providing laboratory, imaging and primary care services  Third largest medical laboratory company in the world  Top-50 ASX listed, market capitalization ~$13.5 billion  Revenue A$6.2 billion p.a., EBITDA A$1.1 billion p.a. (FY 2019)  Oper

  12. Slide 12: Sonic Healthcare | AGM November 2019

    Sonic Healthcare | AGM November 2019

  13. Slide 13: Behind Every Test is a Patient

    Behind Every Test is a Patient Corporate Responsibility Report 2019 Email from a long-standing shareholder:  “I wanted to say how good it was, and how much of a picture it paints of the organization, beyond the financial numbers that underpin it.  I enjoyed the ‘My Story’ segments and in particula

  14. Slide 14: Pathologists

    Pathologists  Medical Specialists in the laboratory  Medical degree – 6 years  Internship/Residency – 2 years  Pathologist Fellowship – 5 years  Supervise testing and ensure quality in pathology laboratory  Consultants to clinicians – GPs and specialists  Result interpretation, diagnosis and

  15. Slide 15: Sonic Pathology Australia

    Sonic Pathology Australia National Coverage / Market Leader

  16. Slide 16: Douglass Hanly Moir Pathology

    Douglass Hanly Moir Pathology Sydney, Australia

  17. Slide 17: Sullivan Nicolaides Pathology

    Sullivan Nicolaides Pathology Brisbane, Australia

  18. Slide 18: Sonic Healthcare Germany

    Sonic Healthcare Germany National Coverage / Market leader Sonic Healthcare Germany Laboratory locations

  19. Slide 19: Bioscientia

    Bioscientia Ingelheim, Germany

  20. Slide 20: Bioscientia

    Bioscientia Ingelheim, Germany

  21. Slide 21: Aurora Diagnostics Acquisition

    Aurora Diagnostics Acquisition  A seminal event in Sonic’s history  Revenue ~A$430 million (~7% of Sonic’s revenues)  32 practices, 19 states, 220 pathologists  >100 hospital contracts, serving ~23,000 physicians  Experienced leadership team  US Anatomical Pathology market ~A$20 billion p.a. 

  22. Slide 22: Aurora Diagnostics

    Aurora Diagnostics Cascade Pathology Services Twin Cities Dermatopathology Portland, OR Plymouth, MN Pathology Laboratory Grand Rapids, MI Pacific Pathology Seacoast Pathology Salem, OR Exeter, NH Hallmark Pathology Pinkus Dermatopathology Cleveland Skin Pathology Medford, MA Laboratory of Monroe, M

  23. Slide 23: Aurora Acquisition: Growth and Synergy Opportunities

    Aurora Acquisition Growth and Synergy Opportunities  Growth in Anatomical Pathology market  Access more clinicians  Access more hospitals  Cross-sell from Anatomical to Clinical Pathology  Centralise complex tests  Strengthen databank  Pathologists and Medical Leadership Sonic and Aurora pres

  24. Slide 24: Revenue Split – FY 2019

    Revenue Split – FY 2019 New Zealand Sonic Clinical A$34M Services <1% Imaging A$438M A$500M 7% Belgium 8% Australia A$146M A$1,470M 2% 24% Switzerland A$431M 7% UK & Ireland A$435M 7% USA A$1,441M Germany 24% A$1,232M 20%

  25. Slide 25: Outlook

    Outlook  Company well positioned for ongoing strong growth  Rich pipeline of acquisition, joint venture and contract opportunities  Strong balance sheet with headroom for expansion  Geographical diversification provides growth opportunities and risk mitigation  Stable, experienced and dynamic g

  26. Slide 26: Thank you

    @ SONIC sy | HEALTHCARE Thank you ae De Pm

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