PT Medikaloka Hermina Tbk · IDX:HEAL
PT Medikaloka Hermina Tbk — FY2019 Earnings Presentation
17 slides from PT Medikaloka Hermina Tbk's earnings presentation, April 2020
Slide 1: PT Medikaloka Hermina Tbk FY 2019 Presentation
PT Medikaloka Hermina Tbk FY 2019 Presentation April 2020
Slide 2: Hermina – Our Team
Hermina – Our Team President 36 The Asset dr. Hasmoro Country Awards 2018 Director & CEO Years of Experience Best Deals -Southeast Asia Co-Founder and MD, 36 Yulisar Khiat Operational and Years of Experience General Affairs Co-Founder and MD, dr. Binsar Parasian 34 Medical and Simorangkir Years of E
Slide 3: 1. Company Overview
1. Company Overview +r H pH s, HERMINA * &
Slide 4: Introduction to Hermina
Introduction to Hermina Hermina is one of the largest hospital groups in Indonesia with more than 34 years of experience in women and children care and a differentiated business model. Hermina is uniquely positioned to take advantage of low healthcare penetration and universal health coverage roll-o
Slide 5: Service Offering Overview
Service Offering Overview Hermina hospitals are a network of general hospitals with a significant strength and wide offering in women and children care Hermina Hospital Facility Type B • 8 Type B general hospitals with fully 8 hospitals advanced center of excellence & sub- specialist care Pharmacy R
Slide 6: Corporate History
Corporate History Company Milestones ◼ 2017: Established 4 new hospitals ◼ Established 3 new hospitals and ◼ Changed the non-profit ◼ Company restructured ownership to ◼ Established the first ◼ Made the first acquired 2 hospitals organization status into a consolidate 28 hospitals under MH maternity
Slide 7: Our Nationwide Hospital Network
Our Nationwide Hospital Network Our Nationwide Hospital Network Type B Hospitals Type C Hospitals • Pandanaran • Ciputat • Bitung • OPI • Tangkubanprahu • Mekarsari • Makassar Jakabaring • Sukabumi • Serpong • Balikpapan • Padang • Tangerang • Banyumanik • Medan • Lampung • Arcamanik • Solo • Podomo
Slide 8: 2. Financial Update
2. Financial Update +r H pH s, HERMINA * &
Slide 9: Continuous Growth in Revenue and Increasing Margin Profile
Continuous Growth in Revenue and Increasing Margin Profile Total Revenue Gross Profit & Gross Margin (IDR billions) (IDR billions, %) Growth: 18.7% 2,500.0 44.8% 50.0% 41.9% 3,630.9 2,000.0 1,626.3 40.0% 3,058.1 1,281.5 1,500.0 30.0% 1,000.0 20.0% 500.0 10.0% 0.0 0.0% 2018 2019 2018 2019 Gross Profi
Slide 10: Key Balance Sheet Items – Working Capital Turnover Days
Key Balance Sheet Items – Working Capital Turnover Days Trade Receivable Days1 Cash Conversion Cycle Days (Days) (Days) 82.6 82.5 85.6 75.8 72.4 45.8 45.2 44.1 46.8 48.1 2018 Mar 19 Jun 19 Sep 19 2019 2018 Mar 19 Jun 19 Sep 19 2019 Inventory Days2 (Days) Net Working Capital 10.8 (IDR billions) 10.1
Slide 11: Strong Growth in Both Private and JKN Patients
Strong Growth in Both Private and JKN Patients Inpatient Days Inpatient Days by Payor Type Growth: 23.3% Non- Non- JKN, JKN, 958K 35% 36% JKN, JKN, 777K 65% 64% 2018 2019 2018 2019 Outpatient Visit Outpatient Visits by Payor Type Growth: 14.9% 6.1 M Non- 5.3 M Non- JKN, JKN, JKN, JKN, 49% 45% 55% 51
Slide 12: EBITDA Calculation Methodology
EBITDA Calculation Methodology (IDR billions) 2018 2019 Revenue 3,058.1 3,630.9 EBIT 386.0 583.3 % Margin 12.6% 16.1% + Depreciation and Amortization (D&A) 203.3 226.9 Adjustment for back non-cash items1 + Post-employment benefits 46.7 34.6 + Allowance for impairment losses 3.8 33.6 Adjustment for n
Slide 13: Sufficient Room For Additional Debt to Support the Growth
Sufficient Room For Additional Debt to Support the Growth Total Debt / Net Debt / Leverage Ratio Maturity Profile (2019) (IDR billions, x) 1.9 2.0 <1 yr 2500.0 maturity 18% 1.5 2000.0 0.9 0.9 1.0 0.8 0.7 IDR 1500.0 1,422 1,294.6 bn 1,294.6 0.5 1,099.6 1000.0 865.8 0.0 1-10 yr 701.3 613.8 maturity 56
Slide 14: Consistent Positive Cash Flow From Operations to Partly Fund Capex
Consistent Positive Cash Flow From Operations to Partly Fund Capex Cash Flow Cash and Cash Equivalents (IDR billions) (IDR billions) 1,100.1 593.3 289.5 322.5 84.4 620.7 322.4 170.2 303.8 176.5 572.6 203.2 480.8 331.4 393.6 241.7 118.8 (526.7) (485.7) 2015 2016 2017 2018 2019 (605.7) (880.9) Capital
Slide 15: 3. Hospital Development
3. Hospital Development +r H pH s, HERMINA * &
Slide 16: Hospitals Under Development
Hospitals Under Development Hermina Manado Ground Piled & Finishing Opening Breaking Structure Architecture PLAN 1Q19 Jul 2019 - 1Q20 4Q19 - 2Q20 2Q20 PROGRESS 100% 82% 31% Hermina Karawang Ground Piled & Finishing Breaking Structure Architecture Opening PLAN Aug Aug 2019 – 1Q20 4Q20 - 2Q20 2Q20 201
Slide 17: PT Medikaloka Hermina Tbk
PT Medikaloka Hermina Tbk www.herminahospitals.com