Sonic Healthcare Limited · ASX:SHL
Sonic Healthcare — Shareholder Meeting (November 2023)
26 slides from Sonic Healthcare's shareholder meeting presentation, Nov 16, 2023
Slide 1: Annual General Meeting 16 November 2023
For personal use only Annual General Meeting 16 November 2023
Slide 2: CEO's Presentation
CEO’s Presentation For personal use only Dr Colin Goldschmidt
Slide 3: Forward-looking Statements
Forward-looking Statements For personal use only 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 pla
Slide 4: Headlines FY 2023
Headlines FY 2023 A$M (Statutory) FY 2023 FY 2022 Change For personal use only Base business* revenue 7,684 6,912 11% COVID revenue 485 2,428 (80)% Total Revenue 8,169 9,340 (13)% EBITDA 1,708 2,830 (40)% Net Profit 685 1,461 (53)% Revenue and earnings comparisons with FY 2022 impacted materially
Slide 5: FY 2023 Revenue Split
FY 2023 Revenue Split SCS/Other For personal use only A$382M 5% Radiology NZ A$796M A$29M 10% USA Belgium A$2,114M A$155M 26% 2% Switzerland A$595M 7% Revenue in A$ millions UK Total Revenue A$8,169 million (including A$14 A$595M million interest) 7% SCS / Other = Sonic Clinical Services (IPN Medica
Slide 6: German Acquisitions
German Acquisitions For personal use only Diagnosticum Laboratory Group Annual revenue ~€65 million (~A$110 million) Highly complementary footprint with laboratories across eastern Germany offering broad range of testing, including genetics Medical Laboratories Duesseldorf (MLD) Annual rev
Slide 7: Swiss Acquisition of Synlab Suisse
Swiss Acquisition of Synlab Suisse For personal use only Synlab Suisse Annual revenue ~CHF 100 million (~A$175 million) Highly complementary footprint of 19 laboratories across all three Swiss language regions Integration and synergy plans commenced Potential for further acquisitions Sonic
Slide 8: Earnings Growth
Earnings Growth Transitioning from high volume COVID testing environment to intense focus on base business revenue and earnings growth For personal use only Major drivers and initiatives locked in for earnings growth in FY 2024 and FY 2025 Strong base business organic revenue growth momentum a
Slide 9: FY 2024 Guidance (Issued August 2023)
FY 2024 Guidance (Issued 17 August 2023) For personal use only Guidance EBITDA A$1.7 – 1.8 billion Equates to up to 5% growth on FY 2023 EBITDA, with base business performance offsetting material reduction in COVID-related earnings Interest expense to increase by ~25%, reflecting recently an
Slide 10: FY 2024 Guidance Update
FY 2024 Guidance Update FY 2024 EBITDA guidance maintained after 4 months’ trading For personal use only COVID Revenue by Month Split of EBITDA between half years 100 Pre-COVID (FY 2017-2019) split: H1 ~46% vs H2 ~54% 90 80 FY 2024 forecast split: H1 ~42% vs H2 ~58% 70 More accentuated FY
Slide 11: Digital Pathology and AI
Digital Pathology and AI Digital pathology is the digitisation of anatomical pathology workflow Anatomical pathology is the study of organs and tissues to determine the cause and For personal use only effect of disease Anatomical pathology is required for the diagnosis of all cancers Digital
Slide 12: Digital Pathology and AI
Digital Pathology and AI Digital pathology For personal use only Anatomical pathology undergoing revolutionary transformation to automation, digitisation and the use of AI tools Sonic Healthcare is one of the world’s largest anatomical pathology providers with annual revenue >A$1 billion and e
Slide 13: Pathology Watch Acquisition
Pathology Watch Acquisition Medical technology and dermatopathology company (Utah, USA) Proprietary IP used to create end-to-end digital pathology platform For personal use only Platform includes a laboratory information system, digital pathology viewer, image storage and AI algorithms Signi
Slide 14: Sustainability
Sustainability Sonic’s Material Topics Climate change For personal use only Environment Circular economy and waste Employee attraction, engagement and development Our people Workforce health, safety and wellbeing Service quality and safety Communities www.sonichealthcare.com/sustainability2023 Acces
Slide 15: Sustainability
Sustainability Key Goals FY 2023 Key Achievements Qualitative TCFD disclosure complete Net-zero by 2050 For personal use only Initial scope 3 inventory estimates complete Environment Renewable energy transition commenced Reduce scope 1 and 2 greenhouse gas emissions by 43% by 10% reducti
Slide 16: Headcount by Country
Headcount by Country For personal use only Belgium 499 New Zealand 199 Switzerland 1,477 UK 2,688 Germany Australia 8,036 19,403 Total Workforce 40,594 Company snapshot 30 June 2023 USA 8,292 Sonic Healthcare Limited | 2023 Annual General Meeting 16 November 2023
Slide 17: Headcount by Age Bracket
Headcount by Age Bracket For personal use only 22% 21% 21% 20% 13% 2% 1% <20 20-29 30-39 40-49 50-59 60-69 >70 Sonic Healthcare Limited | 2023 Annual General Meeting 16 November 2023
Slide 18: Headcount by Role
Headcount by Role Management Medical doctors For personal use only 343 1,980 1% 5% Support, IT, admin 11,695 29% Scientists, technologists, nurses 15,615 38% Couriers 3,157 8% Phlebotomists 7,804 19% Sonic Healthcare Limited | 2023 Annual General Meeting 16 November 2023
Slide 19: Medical Leadership
For personal use only Medical Leadership Leaders who understand and respect doctors and the medical profession In healthcare, if your leaders are true “Medical Leaders”, you create an entirely different organisation Sonic Healthcare Limited | 2023 Annual General Meeting 16 November 2023
Slide 20: "The Sonic Difference"
“The Sonic Difference” For personal use only Core Values Federated Structure Sonic Healthcare Limited | 2023 Annual General Meeting 16 November 2023
Slide 21: Medical Leadership has made The Difference!
Medical Leadership has made The Difference! For personal use only Transformative in Sonic Healthcare. A system doctors can trust. STAFF – Working in a medical practice, helping patients, aspiring to a higher purpose CUSTOMERS – Natural trend to highest levels of quality and patient care SHAREHOLDERS
Slide 22: Medical Leadership drives quality
Medical Leadership drives quality For personal use only Transformative in Sonic Healthcare. A system doctors can trust. STAFF – Working in a medical practice, helping patients, aspiring to a higher purpose CUSTOMERS – Natural trend to highest levels of quality and patient care SHAREHOLDERS – Financi
Slide 23: Sonic Healthcare Limited
For personal use only Sonic Healthcare Limited | 2023 Annual General Meeting 16 November 2023
Slide 24: Annual Dividends: 30-Year History
Annual Dividends: 30-Year History $1.10 For personal use only $1.00 $0.90 $0.80 $0.70 $0.60 A$ $0.50 $0.40 $0.30 $0.20 $0.10 $0.00 Financial Year Sonic Healthcare Limited | 2023 Annual General Meeting 16 November 2023
Slide 25: Annual Revenue: 35-Year History
Annual Revenue: 35-Year History $10 For personal use only $9 $8 $7 $6 $5 A$ Billions $4 $3 $2 $1 $0 Financial Year Sonic Healthcare Limited | 2023 Annual General Meeting 16 November 2023
Slide 26: Thank you
For personal use only Thank you
Sonic Healthcare — Shareholder Meeting (November 2023) on 6ix