Sonic Healthcare Limited · ASX:SHL
Sonic Healthcare — Shareholder Meeting (November 2024)
14 slides from Sonic Healthcare's shareholder meeting presentation, Nov 19, 2024
Slide 1: Annual General Meeting
Annual General Meeting 19 November 2024
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
Slide 3: Headlines FY 2024
Headlines FY 2024 A$M (Statutory) FY 2024 FY 2023 Change Base business* revenue 8,905 7,684 16% COVID revenue 62 485 (87)% Total Revenue 8,967 8,169 10% EBITDA (excluding gain related to sale of West division USA) 1,602 1,708 (6)% Net Profit 511 685 (25)% Revenue and earnings comparisons with FY 2
Slide 4: FY 2024 Revenue Split
FY 2024 Revenue Split SCS/Other A$446M 5% Radiology NZ A$880M A$32M 10% USA Belgium A$2,147M A$147M 24% 2% UK A$670M 7% Revenue in A$ millions Total Revenue A$8,967 million (including A$25 million interest) Switzerland A$889M 10% Australia SCS / Other = Sonic Clinical Services (IPN A$1,962M Medical
Slide 5: Acquisitions and Major Contracts in FY 2024
Acquisitions and Major Contracts in FY 2024 Acquisition / Contract ~ Annual Revenue (A$M) Germany Medical Laboratories Duesseldorf (MLD) 85 Diagnosticum Laboratory Group 110 Smaller laboratory acquisitions (4) 70 Switzerland Medisyn (formerly Synlab Suisse) 175 Pathologie Enge 15 Dr Risch Group 175
Slide 6: Revenue Split
Revenue Split FY 2023 FY 2024 USA USA A$2,114M A$2,147M 26% 24% Switzerland UK A$595M A$670M 7% 7% UK A$595M Switzerland 7% A$889M 10% Australia Australia A$1,962M A$1,939M 22% 24% Germany A$1,550M Germany 19% A$1,769M 20% Sonic Healthcare | 2024 Annual General Meeting 6
Slide 7: Sonic Suisse
Sonic Suisse Sonic Suisse Formation of new unified national group (Sonic Suisse): Laboratory locations, including hospital sites Medisupport Previously owned Medica Medisyn New acquisitions Dr Risch Group Major synergy workstreams commenced Multiple laboratory mergers, procurement, IT
Slide 8: Capital Management
Capital Management Debt Cover History 3.5 3.0 30 June 30 June 2.5 2024 2023 2.0 Ratio (X) Net interest-bearing debt A$M 2,349 886 1.5 Equity A$M 8,075 7,922 1.0 Pre-pandemic average Debt cover X 1.9 0.6 0.5 Gearing ratio % 22.3 9.9 0.0 Interest cover X 12.0 29.4 12 months ended Increase in net deb
Slide 9: Dividends
Dividends Dividend History A$ FY 2024 FY 2023 Growth $1.10 Interim Dividend $0.43 $0.42 2% $1.00 $0.90 Final Dividend $0.63 $0.62 2% $0.80 Total Dividends $1.06 $1.04 2% $0.70 $0.60 A$ Final dividend unfranked $0.50 Future earnings growth expected to support progressive dividend $0.40 strategy f
Slide 10: FY 2025 Guidance Update
FY 2025 Guidance Update Guidance reaffirmed after 4 months’ trading YTD October 2024 results (4 months) vs prior corresponding period Total revenue growth 10% (constant currency) Organic revenue growth >5% (constant currency, working day adjusted) Strong group-wide organic revenue growth,
Slide 11: Earnings Growth FY 2025 and Beyond
Earnings Growth FY 2025 and Beyond Earnings margins Earnings margins fell in FY 2023 and FY 2024 in the wake of the pandemic Major group-wide project to grow earnings margins continuing Initial outcomes in FY 2025, gaining momentum through FY 2026 and FY 2027 Project based on contributions
Slide 12: Sustainability
Sustainability FY2024 Sustainability Performance Highlights ENVIRONMENT OUR PEOPLE COMMUNITIES GOVERNANCE 26.8% 41% 17.2 hours 7% Reduction in scope Global electricity Training per employee The percentage of total Continuous improvement in 1 & 2 (market-based) from certified during FY2024 Sonic Heal
Slide 13: Sustainability
Sustainability sonichealthcare.com/sustainability Independent ESG ratings during FY23 FY 2024 AA Leader FY 2023 AA Leader FY 2024 C+ Prime FY 2023 C+ Prime Sonic Healthcare | 2024 Annual General Meeting 13
Slide 14: Thank you
Sy SONIC SY HEALTHCARE Thank you
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