Bumrungrad Hospital Public Co., Ltd. · SET:BH
Bumrungrad Hospital Public — FY2008 Earnings Presentation
20 slides from Bumrungrad Hospital Public's earnings presentation, Mar 5, 2009
Slide 1: Analyst Meeting No. 1/2009 Year End 2008 Results Update
Roadshow Analyst Meeting No. 1/2009 Year End 2008 Results Update 5 March 2009 Bumrungrad Hospital Public Company Limited 1
Slide 2: Overview
Overview Operational y Slight decrease in volume in 4Q08 in face of airport closure, domestic political Update uncertainties, and global economic slowdown; 1Q09 stable & encouraging y Sales 3% 4Q y-o-y 4% YE y EBITDA 10% 4Q y-o-y 4% YE Financial Performance y Net profit 11% 4Q y-o-y 4% YE (excluding
Slide 3: Agendas
Agendas • Operational Update • Financial Performance • Recent Updates 3
Slide 4: Revenue Breakdown
Revenue Breakdown Inpatient vs. Outpatient - Quarterly (% of revenue) Method of Payment (% of revenue) Outpatient Inpatient Corporate 100% Insurance contracts 12% 15% 75% 49% 49% 49% 49% 51% 51% 51% 51% 50% 25% 51% 51% 51% 51% 49% 49% 49% 49% Self-pay 73% 0% As of Dec 2008 1Q07 2Q07 3Q07 4Q07 1Q08 2
Slide 5: International Patients
International Patients Growth in International International Revenues Patients Patients Baht million Baht million • International patients remain a solid customer 2,500 2,500 base; BH served approximately 420,000 2,055 2,000 1,862 1,915 1,871 2,000 international patients in 2008 1,557 1,620 1,659 1,
Slide 6: International Volume
International Volume International Admissions • Higher drop in international volume in 4Q08 compared 14,000 2007 13,195 12,969 1.7% to YE08 as a result of airport closure in Dec 08; the 12,000 2008 4Q08 overall volume was offset by increase in Thai 10,000 patients 8,000 • International revenue for 2
Slide 7: Agendas
Agendas • Operational Update • Financial Performance • Recent Updates 7
Slide 8: Sales & Gross Margin - Quarterly
Sales & Gross Margin - Quarterly Sales from Hospital Operations Gross Margin Trend Bt million 45% 2,400 2,049 3% 2,106 y-o-y 1,800 39.5% 40% 38.9% 38.4% 38.0% 1,200 38.6% 38.3% 37.9% 37.5% 35% 600 0 30% 4Q07 4Q08 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 Gross Profit Bt million • Sales from hospital o
Slide 9: EBITDA & EBITDA Margin - Quarterly
EBITDA & EBITDA Margin - Quarterly EBITDA Bt million • EBITDA increased by 10% y-o-y, higher than the 600 10% 507 increase in revenues and gross profit as 4Q07 463 y-o-y 400 recorded higher SG&A because of the donation of the “80 hearts” program as part of the Company’s 200 corporate social responsi
Slide 10: Net Profit & Net Profit Margin - Quarterly
Net Profit & Net Profit Margin - Quarterly Net Profit • 4Q07 reported net profit of Baht 721 million is exceptionally Bt million One-time non-operating items Net Profit from Operations high because of one-time extraordinary items: 800 721 60% − Share of profit from investments in CDE Trading 600 y-o
Slide 11: Financial Summary – Full Year
Financial Summary – Full Year Sales from Hospital Operations EBITDA & EBITDA Margin Bt million Bt million EBITDA 10,000 2,500 EBITDA Margin 40% 8,323 8,629 2,155 4% 2,070 8,000 2,000 4% 30% 6,000 1,500 24.2% 24.3% 4,000 1,000 20% 2,000 500 0 0 10% 2007 2008 2007 2008 Gross Profit & Gross Profit Marg
Slide 12: Dividend Payment
Dividend Payment Dividend Payment Bt per share • The board of directors announced the dividend 0.80 0.80 0.80 0.75 0.75 payment (subject to shareholders’ approval) with details as follows: 0.60 0.40 0.40 0.45 0.45 Final − Dividend payment for the year of Bt 0.80 per 0.40 Interim share 0.20 0.40 0.40
Slide 13: Agendas
Agendas • Operational Update • Financial Performance • Recent Updates 13
Slide 14: The Current Economic Environment
The Current Economic Environment Healthcare during recessions… Our action plans… Ö Accelerate refurbishment of existing BI Hospital Building Ö Focus on domestic market Ö Open new international markets Ö Tight cost control: no service effect Ö Conserve & manage cash Ö Continue Bumrungrad Internationa
Slide 15: Third Party Recognitions: 2008 - A Year of Awards
Third Party Recognitions: 2008 - A Year of Awards 1. Thailand’s “Best Small Cap Company” 2008 4. Thailand Tourism Award 2008 Awarded by Hong Kong-based Asiamoney magazine in Award of Excellence (top prize) January ’09, based on survey of investment managers 2. Wall Street Journal Award Recognition R
Slide 16: Bangkok Facility Update
Bangkok Facility Update Renovation of Existing BI Hospital Building: • Renovation of inpatient rooms are on schedule • As at Feb 09, 107 rooms have been renovated and are now open for service Marketing Plans: • Continued marketing efforts for Thai and domestic market in 2009 • Healthy Living Club me
Slide 17: Continued Marketing Efforts… Some Examples
Continued Marketing Efforts… Some Examples Checkup promotion FEB 17- 17-MAR 31 Health Fair FEB 27- 27-MAR 1 Newspaper AD TV 17
Slide 18: Updates on Bumrungrad International Limited
Updates on Bumrungrad International Limited • AHI’s profitability continues to improve • Expansion plan is progressing on schedule • ARC expanded into Thailand through an acquisition of a local dialysis operator with a chain of 14 clinics in Feb 09 • As a result, number of clinics increased to 96 cl
Slide 19: Contribution from Bumrungrad International Limited
Contribution from Bumrungrad International Limited Share of Profit from Bumrungrad International Limited to BH Extraordinary Items • Improving trend of share of profit from Bumrungrad Bt million Normal profits 25 24.0 International Limited to BH as the performance of 20.6 20 each project continues t
Slide 20: Thank You
Thank You Bumrungrad International
Bumrungrad Hospital Public Company — FY2008 Earnings Presentation on 6ix