Middle East Healthcare Company · TADAWUL:4009
Middle East Healthcare — H1 2024 Earnings Presentation
31 slides from Middle East Healthcare's earnings presentation, 2024
Slide 1: Saudi German Health Investor Presentation – 1H 2024
Saudi German Health Investor Presentation – 1H 2024
Slide 2: SGH at a Glance
8 ~1.4k bed ~90% Operational Population Hospitals Capacity Access 7.7k 1.4k 2.4k Total Total Total Staff Doctors Nurses 3.7 69% 71% SGH at a Glance Avg. Length of Utilization Rate Utilization Rate Stay (Beds) (Clinics) 600k* 13.2mn* 335k* Inpatient Outpatient Performed Censes Censes Surgeries 2 *Agg
Slide 3: The Group
The Group Mission Vision To Provide Evidence-Based, Safe Medical To be the most accessible & agile healthcare Services Delivered with Effective Management, group in the region, providing innovative and Engagement with Our Community and comprehensive patient-centric care to all Fulfillment of Our Sta
Slide 4: Table of Content
TABLE OF CONTENT 01 02 03 04 05 Overview Market Landscape Financial & Updates & 1H 2024 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 35 Operational Beds 204 Operational Beds 214 Operational Beds 90 Operational Beds 98 Operational Beds 16 Clinics 131 Clinics 69 Clinics 24 Clinics 16 Clinics 30 Clinics Complex 1988 2001 2017 2020 2022 Establ
Slide 9: Saudi German Health's Brand Footprint
Saudi German Health's Brand Footprint Saudi Arabia • 7 Owned 4 ➢ Jeddah ➢ Asser COUNTRIES ➢ Riyadh ➢ Madinah ➢ Hail ➢ Dammam ➢ Makkah 14 • 1 Leased ➢ Jeddah HOSPITALS United Arab Emirates • 3 Hospitals ➢ Dubai 35+ ➢ Sharjah ➢ Ajman YEARS Egypt • 2 Hospitals ➢ Cairo 44 ➢ Alexandria Hospitals Owned SP
Slide 10: Accreditations
Accreditations Jeddah Asser Riyadh Madinah Hail Dammam Makkah Accredited 10 In Progress
Slide 11: Share Overview
Share Overview Shareholder Structure SGH Share Data Market Cap. (SAR mn) 8,063 0 Market Cap. (USD mn) 2,150 Others 52-Week High (SAR) 131.40 92mn 45% 55% Shares Bait Al-Batterjee 52-Week Low (SAR) 52.50 3-month ADTV (SAR mn) 28 12-month ADTV (SAR mn) 48 1 Year Stock Performance vs. TASI Volume Trade
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 602 578 39% 40% 38% 37% 17% 17% 17% 17% 523 509 44% 44% 45% 46% 2018 2019 2020 2021 2018 2019 2020 2021 No. of Surgeries (# mn) Breakdown by Type (%) General 21% OBS
Slide 15: Inpatients & Outpatients at a Glance
Inpatients & Outpatients at a Glance Breakdown of Inpatients Sector Breakdown 42% 46% 44% 40% 39% 41% 39% 36% Inpatients 28% 18% 16% 20% 20% 72% 2018 2019 2020 2021 Saudi Non-Saudi MOH Other Gov.Sector Private Sector Breakdown of Outpatients Sector Breakdown 43% 44% 45% 42% 43% 39% 37% 41% Outpatien
Slide 16: With Clear Room for Growth
With Clear Room for Growth Beds Hospitals No. Beds (# 000) No. of Hospitals (#) 78.6 504 77.0 77.2 498 497 494 75.1 484 73.0 70.8 470 2016 2017 2018 2019 2020 2021 2016 2017 2018 2019 2020 2021 No. of Beds/ 10k Person (#) No. of Hospitals/ 100k Person (#) 22.6 1.50 1.48 22.5 1.47 22.5 22.4 22.4 1.46
Slide 17: Health Insurance (1-2)
Health Insurance (1-2) Highlights Gross Written Premiums (SAR bn) Net Written Premiums (SAR bn) 24 31.8 29.9 31.3 28.9 Total Saudi Insurance 25.1 23.9 24.2 23.4 Companies 22.5 22.8 21.6 21.9 19.9 19.3 12.4mn FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 9M 2022 9M 2023 FY 2018 FY 2019 FY 2020 FY 2021 FY 2
Slide 18: Health Insurance (2-2)
Health Insurance (2-2) Gross Written Premiums (% of Total Market) Net Written Premiums (% of Total Market) 70% 61% 70% 70% 69% 60% 68% 69% 60% 59% 59% 59% 57% 64% FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 9M 2022 9M 2023 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 9M 2022 9M 2023 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) 183 2,653 531 165 2,152 1,873 1,751 112 328 1,497 286 94 1,402 1,391 91 1,262 252 240 235 75 72 201 196 12 2018 2019 2020 2021 2022 2023 1H 1H 2018 2019 2020 2021 2022 2023 1H 1H 2018 2019 2020 2021 2022 2023 1H 1H 2
Slide 21: Key Balance Sheet Metrics
Key Balance Sheet Metrics Assets (SAR bn) Cash & Cash Equivalent (SAR mn) Capital Structure (SAR bn) Total Equity Debt 5.2 5.3 3.0 4.8 98 4.5 2.5 4.0 2.4 2.5 3.6 72 2.3 2.0 3.3 2.2 1.5 1.9 2.7 54 1.6 1.6 1.7 44 44 1.5 1.5 1.4 1.5 1.0 1.3 1.3 28 0.5 1.0 17 16 0.6 0.0 2018 2019 2020 2021 2022 2023 1H
Slide 22: Key Operational Metrics (1-2)
Key Operational Metrics (1-2) Inpatient Cases (# 000) Outpatient Cases (# mn) Performed Surgeries (# 000) 90 53 2.1 50 74 45 70 71 1.7 57 35 49 1.3 1.3 29 48 1.2 1.2 27 43 1.1 25 1.0 23 2018 2019 2020 2021 2022 2023 1H 1H 2018 2019 2020 2021 2022 2023 1H 1H 2018 2019 2020 2021 2022 2023 1H 1H 2023 2
Slide 23: Key Operational Metrics (2-2)
Key Operational Metrics (2-2) Revenue by Clientele Revenue by Region Revenue by Type of Service 10% Jeddah IP 3% Insurance 0% 14% 18% 27% Aseer 11% MoH Riyadh OP 6% 52% Madinah Pharmacy Cash 29% 57% 12% Hail 27% 16% Others Dammam Trading & 17% Ancillary Makkah CoGS Breakdown Saudization Rate (%) Rec
Slide 24: Updates & Strategic Focus
04 Updates & Strategic Focus 24
Slide 25: Expansion & CAPEX
Expansion & CAPEX Project Capex Capacity Launch Date Hospital Renovation SAR 399 194 beds 1H SGH Jeddah & Tower Expansion million 22 clinics 2026 25
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 Giza • SGH Lahore • SGH Casablanca • SGH Islamabad • SGH Karachi • BTPL Lahore 27
Slide 28: 1H 2024 Results
05 1H 2024 Results 28
Slide 29: Income Statement
Income Statement (In SAR mn) 2Q 2024 2Q 2023 Change 1H 2024 1H 2023 Change Revenue 713 624 14% 1,402 1,262 11% Cost of Revenue (434) (396) (863) (808) Gross Profit 279 229 22% 539 454 19% Gross Profit Margin 39.2% 36.6% 38.4% 36.0% Selling & marketing Expenses (17) (10) (35) (20) General & Administr
Slide 30: Balance Sheet
Balance Sheet (In SAR mn) Jun 2024 Dec 2023 Property and Equipment 2,503 2,502 Right of Use Assets 85 55 Intangible Assets 41 31 Investment in Subsidiary / Associated Company 40 10 Total Non-Current Assets 2,668 2,598 Inventories 82 75 Account Receivable 2,264 2,301 Prepayments and Others 165 155 Ca
Slide 31: Thank You
Thank You Investor Relations contacts IR@sghgroup.net Jinan Alzarkan – Investor Relations Specialist JMAlzrkan@sghgroup.net Khaled Sadek – Group CIO KESadek@sghgroup.net
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