Apollo Hospitals Enterprise Limited · NSE:APOLLOHOSP

Apollo Hospitals Enterprise — Q2 FY2013 Earnings Presentation

21 slides from Apollo Hospitals Enterprise's earnings presentation, November 2012

  1. Slide 1: Q2 FY 2013 Earnings Update

    Q2 FY 2013 Earnings Update Q2 FY 2013 Earnings Update 1

  2. Slide 2: Safe Harbour

    Safe Harbour No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the

  3. Slide 3: Contents

    Contents • Highlights • Consolidated Financial Performance • Standalone Financial Performance • Operational Performance – Hospitals • Operational Performance – Standalone Pharmacy • Update on Projects • Update on non-hospital JVs, Associates 3

  4. Slide 4: Highlights – (1/2)

    Highlights – (1/2)  H1FY13 Consolidated Revenues of Rs. 18,433 mio (up 22.2% yoy) Financial Performance  H1FY13 Consolidated EBITDA of Rs. 3,100 mio (up 25.0% yoy)  H1FY13 Consolidated EBITDA margin at 16.8% as compared to 16.4% in H1FY12  Consolidated PAT of Rs. 1,625 mio (up 48.3% yoy)  Chenn

  5. Slide 5: Highlights – (2/2)

    Highlights – (2/2)  49 hospitals with total bed capacity of 7,987 beds as on Sept 30, 2012  36 owned hospitals including JVs/ Subsidiaries and associates with 5,949 beds and Capacity 13 Managed hospitals with 2,038 beds.  Of the 5,949 owned beds, 5,265 beds were operational and had an occupancy o

  6. Slide 6: Contents

    Contents • Highlights • Consolidated Financial Performance • Standalone Financial Performance • Operational Performance – Hospitals • Operational Performance – Standalone Pharmacy • Update on Projects • Update on non-hospital JVs, Associates 6

  7. Slide 7: Consolidated Financial Performance

    Consolidated Financial Performance (Unaudited Management Estimates) ` Mio Q2 FY 12 Q2 FY 13 yoy (%) H1 FY 12 H1 FY 13 yoy (%) Income from Operations 7,364 9,018 22.5% 14,151 17,274 22.1% Add: Share of JVs 484 602 24.5% 931 1,159 24.5% Total Revenues 7,847 9,621 22.6% 15,081 18,433 22.2% EBITDA 1,286

  8. Slide 8: Contents

    Contents • Highlights • Consolidated Financial Performance • Standalone Financial Performance • Operational Performance – Hospitals • Operational Performance – Standalone Pharmacy • Update on Projects • Update on non-hospital JVs, Associates 8

  9. Slide 9: Standalone Financial Performance – (1/2)

    Standalone Financial Performance – (1/2) ` Mio Q2 FY 12 Q2 FY 13 yoy (%) H1 FY 12 H1 FY 13 yoy (%) Key Highlights Revenue 6,998 8,363 19.5% 13,408 16,137 20.4% Operative Expenses 3,616 4,352 20.4% 6,998 8,350 19.3%  Revenues of Rs. 16,137 mio, Employee Expenses 1,095 1,305 19.2% 2,057 2,562 24.6% 2

  10. Slide 10: Standalone Segment-wise Performance – (2/2)

    Standalone Segment-wise Performance – (2/2) ` Mio Q2 FY 12 Q2 FY 13 yoy (%) H1 FY 12 H1 FY 13 yoy (%) Key Highlights Revenues from each segment  Healthcare services Revenues at Heathcare Services * 4,915 5,589 13.7% 9,429 10,888 15.5% Rs. 10,888 mio, 15.5% yoy Stand-alone Pharmacy 2,085 2,776 33.2%

  11. Slide 11: Contents

    Contents • Highlights • Consolidated Financial Performance • Standalone Financial Performance • Operational Performance – Hospitals • Operational Performance – Standalone Pharmacy • Update on Projects • Update on non-hospital JVs, Associates 11

  12. Slide 12: Operational Performance – Hospitals

    Operational Performance – Hospitals ` Mio Total (5) Chennai cluster Hyderabad cluster Others (1) Significant subs/ JVs/ associates (2) Particulars H1 FY 12 H1 FY 13 Growth H1 FY 12 H1 FY 13 Growth H1 FY 12 H1 FY 13 Growth H1 FY 12 H1 FY 13 Growth H1 FY 12 H1 FY 13 Growth yoy (%) yoy (%) yoy (%) yoy

  13. Slide 13: Contents

    Contents • Highlights • Consolidated Financial Performance • Standalone Financial Performance • Operational Performance – Hospitals • Operational Performance – Standalone Pharmacy • Update on Projects • Update on non-hospital JVs, Associates 13

  14. Slide 14: Operational Performance – Standalone Pharmacy

    Operational Performance – Standalone Pharmacy ` Mio Batch Particulars Q2 FY 12 Q2 FY 13 yoy % H1 FY 12 H1 FY 13 yoy % Key Highlights No of Stores 486 463 486 463 Upto FY Revenue/store 2.18 2.60 19.6% 4.27 5.02 17.5% 2008 EBITDA /store 0.10 0.14 34.2% 0.18 0.26 42.2% Batch  All stores upto FY 2010 E

  15. Slide 15: Contents

    Contents • Highlights • Consolidated Financial Performance • Standalone Financial Performance • Operational Performance – Hospitals • Operational Performance – Standalone Pharmacy • Update on Projects • Update on non-hospital JVs, Associates 15

  16. Slide 16: Key Hospital Expansion Plan & Update on Execution

    Key Hospital Expansion Plan & Update on Execution Total Estim ated AHEL's Strategy for Expansion Project Share of  Focus on owned hospitals Type of Cost Cost – Plan to add 15 hospitals from the current 36 Location CoD* Hospital No of Beds (Rs.m io) (Rs.m io) Mumbai Cluster – Plan to add 3,140 beds

  17. Slide 17: Contents

    Contents • Highlights • Consolidated Financial Performance • Standalone Financial Performance • Operational Performance - Hospitals • Operational Performance - Standalone Pharmacy • Update on Projects • Update on non-hospital JVs, Associates 17

  18. Slide 18: Update on non-hospital JVs, Associates

    Update on non-hospital JVs, Associates (Unaudited Management Estimates) ` Mio Particulars Q2 FY 12 Q2 FY 13 yoy (%) H1 FY 12 H1 FY 13 yoy (%)  Y-O-Y revenue growth of 9%.  Expansion in EBITDA margins by 243 bps Total Income 1,220 1,323 8% 2,441 2,667 9% at 17.8% in H1FY13 as compared to 15.4% in H

  19. Slide 19: Q&A

    Q&A 19

  20. Slide 20: Appendix: Basis of Consolidation

    Appendix: Basis of Consolidation AHEL Standalone Location Description Chennai Main Chennai Hospital ASH - Chennai Chennai Hospital Tondiarpet - Chennai Chennai Hospital FirstMed - Chennai Chennai Hospital Apollo Children's Hospital Chennai Hospital Madurai Madurai Hospital Karur Karur Hospital Karai

  21. Slide 21: Hospitals – Understanding Key Operating Metrics

    Hospitals – Understanding Key Operating Metrics Description Formula / Calculation Key Driver  Number of operating  -  Project execution Operating Beds beds  Capital Expenditure x  In-patient Bed Days  In-patient Bed Days  Brand Occupancy Billed  Doctor reputation  Quality of outcomes  Comp

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