Medi Assist Healthcare Services Limited · NSE:MEDIASSIST
Medi Assist Healthcare Services — Q3 FY2024 Earnings Presentation
21 slides from Medi Assist Healthcare Services's earnings presentation, Feb 13, 2024
Slide 1: Cover letter to stock exchanges
February 13, 2024 To, Listing Department Department of Corporate Services National Stock Exchange of India Limited BSE Limited Exchange Plaza, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Bandra (East), Dalal Street, Mumbai – 400 051 Mumbai – 400 001 Symbol: MEDIASSIST Scrip Code: 544088 Subject
Slide 2: Medi Assist Reports Q3 & 9M FY24 Results
MEDI ASSIST HEALTHCARE SERVICES LIMITED REPORTS Q3 & 9M - FY24 RESULTS Operating Revenue grew by 26.8% and Profit after tax grew by 14.3% for the period of 9M-FY24 on y-o-y basis Bengaluru, 13th Feb’24, Tuesday: Medi Assist Healthcare Services Ltd. (“Medi Assist” / “Company”), is India’s leading hea
Slide 3: Business, technology and financial highlights
● Mayfair We Care (“Mayfair”), a subsidiary of the Company, extended relationship with a Group account for managing their overseas benefits ● Retained 90%+ of Medvantage TPA’s Corporate accounts, with no major losses post acquisition ● Raksha TPA, a subsidiary of the Company, successfully transition
Slide 4: 9M financial highlights and CEO commentary
● EBITDA margin calculated as Operating EBITDA divided by Operating Revenue was 20.6% for the period ● Profit for the period excluding exceptional item was INR 66.6 cr, a growth of 14.3% over the corresponding period of the previous year ● Profit margin as a percentage of Total Income was 13.8% ● Th
Slide 5: Medi Assist Healthcare Services Limited Q3 & 9M – FY2024
Medi Assist Healthcare Services Limited Investor Presentation Q3 & 9M – FY2024
Slide 6: Disclaimer
Disclaimer By attending the meeting where this presentation or accompanying slides (“Presentation”) is presented, or by reading the Presentation materials, you agree to be bound by the limitations contained herein and to maintain absolute confidentiality regarding the information disclosed in this P
Slide 7: Health Insurance penetration and premiums managed by TPAs growing
Health Insurance penetration and premiums managed by TPAs growing Premiums serviced by TPAs expected to Health Insurance premiums expected to grow at CAGR of ~23% over the next 5 years grow at a CAGR of 24%+ INR Bn >2x >2x Health Insurance 7.65% 16.55% 33.36% Penetration2 2,298 Gross Premiums 1,509
Slide 8: Medi Assist: A key stakeholder in the Health Insurance ecosystem
Medi Assist : A key stakeholder in the Health Insurance ecosystem Enhancing value proposition to stakeholders Members Digital Customer Experience (Group / Retail policyholders & beneficiaries of health schemes / plans) Cybersecurity and Data Privacy Automating and Streamlining Processes Handling Com
Slide 9: 9M FY24 Operational highlights
9M FY24 Operational highlights
Slide 10: 9M FY24 Operational highlights (1/2)
9M FY24 Operational highlights (1/2) Premiums under management – 9M FY24 For nine months ended December’2023 INR crs 14,575 Group Retail • Total Premiums under management for the Company was INR 14,163 14,163 crores, a growth of 35.7% on y-o-y basis 1,757 7% 35. 1,811 • Group segment was INR 12,352
Slide 11: 9M FY24 Operational highlights (2/2)
9M FY24 Operational highlights (2/2) Business highlights for nine months ended December’2023 Technology highlights for nine months ended December’2023 • Medi Assist TPA (“MATPA”), a wholly owned subsidiary of the Company: • Emerged as the leaders for NHCX integration and successfully • added one (1)
Slide 12: Q3 FY24 Financial highlights
Q3 FY24 Financial highlights
Slide 13: Q3 FY24 Financial highlights (1/2)
Q3 FY24 Financial highlights (1/2) Revenue from Contracts with customers – Q3 FY24 For three months ended December’2023 INR cr • Total Income was INR 169.8 crores, a growth of 29.2% over the corresponding period of the previous year 166.0 32.3% • Revenue from contracts with customers (excluding othe
Slide 14: Q3 FY24 Financial highlights (2/2)
Q3 FY24 Financial highlights (2/2) EBITDA and PAT – Q3 FY24 For three months ended December’2023 INR cr Adj. EBITDA# Profit for the period* • Adjusted Earnings Before Interest Taxes Depreciation and Amortization (excluding other income) was INR 33.9 cr 33.9 30.7 • a growth of 10.4% over the correspo
Slide 15: 9M FY24 Financial highlights (1/2)
9M FY24 Financial highlights (1/2) Revenue from Contracts with customers – 9M FY24 For nine months ended December’2023 INR cr • Total Income was INR 481.9 crores, a growth of 26.9% over the 504.9 467.9 corresponding period of the previous year % • Revenue from contracts with customers (excluding oth
Slide 16: 9M FY24 Financial highlights (2/2)
9M FY24 Financial highlights (2/2) EBITDA and PAT – 9M FY24 For nine months ended December’2023 INR cr • Adjusted Earnings Before Interest Taxes Depreciation and Adj. EBITDA# Profit for the period* 119.3 Amortization (excluding other income) was INR 96.3 cr • a growth of 8.6% over the corresponding
Slide 17: Medi Assist Value Proposition
Medi Assist Value Proposition
Slide 18: Experienced Board of Directors
Experienced Board of Directors Recent awards Dr.Vikram Jit Singh Chhatwal Himani Kapadia Chairman and Whole Time Director Independent Director Managing Director, OLIVER+ (Part of Oliver India and Inside Ideas Group) ‘Best Organisations for Women, 2022’ by the Economic Times in 2022 Gopalan Srinivasa
Slide 19: Driving consolidation through Acquisitions
Driving consolidation through Acquisitions Year Business acquired Status 2016(1) Operationally integrated & financially consolidated * * Operationally integrated & 2018 financially consolidated 2022 Operationally integrated & financial consolidated partially in FY23 # # 2023(2) Merger order received
Slide 20: Operating at cross-section of healthcare, insurance and technological innovation
Operating at cross-section of healthcare, insurance and technological innovation 1 Fastest growing segment with strong tailwinds – Health Insurance poised for ~23% growth1 2 Leadership position in India – 20.0% market share2 3 Consistently improving financial performance – Net Cash position of INR 1
Slide 21: Thank You
Thank You Medi Assist Healthcare Services Limited Registered & Corporate Office Tower D, 4th Floor, IBC Knowledge Park, 4/1 Bannerghatta Road, Bangalore - 560 029 www.mediassist.in E-mail: investor.relations@mediassist.in 17 © 2024 Medi Assist
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