Vibhavadi Medical Center Public Co. Ltd. · SET:VIBHA
Vibhavadi Medical Center Public — Q1 2023 Earnings Presentation
32 slides from Vibhavadi Medical Center Public's earnings presentation, June 2023
Slide 1: Vibhavadi Medical Center Q1/2023
VIBHAVADI come CENTER MNT). Q1/2023 eG -EEERPEEEEEEEEEE hehe Be Aaa 744% = ss a Le ee es BB " aaa
Slide 2: Disclaimers
DISCLAIMERS The information contained in this presentation is for information purposes only. This presentation contains forward looking statements which reflect management’s current views and estimates. The forward-looking statements involve certain risks and uncertainties that could cause actual re
Slide 3: Table of contents
Table of contents Business Overview Q1/2023 Review Financial performance and operational statistics Upcoming trends
Slide 4: History
HISTORY 2003 2011 1986 1992 2009 2022
Slide 5: Business Overview
0 BUSINESS OVERVIEW
Slide 6: VIBHA Overview
VIBHA OVERVIEW Number of Number of VIBHA NETWORK Company hospitals beds
Slide 7: Medical Operation
MEDICAL OPERATION Accident and Emergency Department Ea Op) Eye and LASIK Center e Pediatrics Hemodialysis ¢ a vy¥ Obstetrics and Gynecology Neurology + Orthopedic Surgery Dental Center Surgery Gastrointestinal Center (Gl)
Slide 8: Company's Subsidiaries
COMPANY’S SUBSIDIARIES Name Abbreviation | Status Business Seni Shareholder | 2 | Number | sso Vibhavadi Hospital VIBHA Parent 100.00 - - 400 N Lanna Hospital LANNA 83.55| VIBHA | 83.55 330| Y Chiangmai Ram Hospital | CMH 47.09| LANNA | 56.37 220) ON Theppanya Hospital 162 | TPY 47.09| CMH 64.74 170
Slide 9: Company's Associates
COMPANY'S ASSOCIATES Name Abbreviation | Status Business ous Shareholder |, | Number | sso Vibharam Hospital VBR 33.85| VIBHA 33.85| 1,000+| Y Bangpo General Hospital | BANGPO 28.57| VIBHA | 28.57 100! N a an KL Associate Hospital 11.99] CMH 25.44 100! N Chiangrai Inter Hospital | WCH 21.79) HARI 30
Slide 10: Geographic Locations
GEOGRAPHIC LOCATIONS Chiangmai Ram Hospital : CMH Theppanya Hospital (1&2) : TPY Hariphunchai Ram Hospital : HARI Khelangnakorn-ram Hospital : KL J). Chiangrai Inter Hospital : (7 WCH \ l Lanna Hospital : LANNA “Le Maesot-ram Hospital : PX) = Vibhavadi Hospital : VIBHA Bangpo General Hospital : BANG
Slide 11: International Patient mix diversification
Patient mix diversification Medical Sophistication Secondary Tertiary Super Tertiary International Target Patients / Purchasing Power income High income Middle SSO & UCEP
Slide 12: Share Holding Structure
SHARE HOLDING STRUCTURE Name % of Shareholding 1 F&S 79 COMPANY LIMITED 15.35% 2 MR. CHAISITH VIRIYAMETTAKUL 15.00% 3 SYNPHAET HOSPITAL COMPANY LIMITED 8.84% 4 RAMKHAMHAENG HOSPITAL PUBLIC COMPANY LIMITED 7.09% 5 CHAO PHYA HOSPITAL PUBLIC COMPANY LIMITED 5.93% 6 MR. PISUTH VIRIYAMETTAKUL 4.34% 7 VIB
Slide 13: Q1/2023 Overview
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Slide 14: Q1/2023 Financial Data
Q1Y2023 FINANCIAL DATA V 16.6% 2,386 1,989 W 42.4% V 58.7% 842 527 385 217 |_| = Total Revenue EBITDA Net Income QlY2022 = QI Y2023 % Change of Patient Number Company OPD IPD VIBHA - 45.2% - 21.8% CMRGroup + 7.3% + 3.8% VBR Group - 22.9% - 70.9% Total Revenue BDC 1.1%, MDC 0.0%, VP 1.1% V 37.1% V 0.
Slide 15: Financial performance trends
FINANCIAL performance trends
Slide 16: Financial performance and operational statistics
Financial performance and operational statistics
Slide 17: Revenue component – consolidated (by type of service)
Revenue component – consolidated (by type of service)
Slide 18: Net profit component – consolidated (by source)
Net profit component – consolidated (by source)
Slide 19: Share Profit for Associates
SHARE PROFIT FOR ASSOCIATES oan Covid-19 Covid-19 2° Wave 1 Wave 128.15 =e = HH (0.76) (105.18) (115.42) Covid-19 3°0 wave Covid-19 ith 407.63 4" Wave | 258.12 88.19 56.71 62.94 13.64 e = | | 5.78 — (29.06) QI ¥2020 Q2 ¥2020 Q3 Y2020 Q4 Y2020 QI Y2021 Q2 ¥2021 Q3 Y2021 Q4 Y2021 Ql Y2022 Q2 Y2022 Q3
Slide 20: | — i — es ee — ee ee —
| — i — es ee — ee ee — 55.55 50.22 QI 2021 QI 2022 342.43 192.09 YE2020 YE2021 97.20 QI 2023 375.97 YE2022 Year 2020 2021 2022 2023 Quarter VIBHA CMR 1 11.16 31.36 2 45.34 2.34 3 34.88 15.65 4 35.83 15.52 Total 127.22 64.87 1 24.23 31.32 2 56.69 3.45 3 34.37 15.94 4 160.81 15.63 Total 276.10 66.34
Slide 21: Dividend Income Source
DIVIDEND INCOME SOURCE = PERIOD Q1/2021 | Q2/2021 | Q3/2021 | Q4/2021 YE2021 Q1/2022 | Q2/2022 | Q3/2022 | Q4/2022 | YE2022 | QI/2023 RAM 55.27 - 28.28 28.94 112.49 64.32 - 40.20 40.22 144.74 96.48 SKR - 24.19 - - 24.19 - 36.77 24.51 - 61.28 - TNH - - - 10.06 10.06 - - - 16.60 16.60 - BCH - - 0.42 -
Slide 22: VIBHA - Net investments in Q1 2023
VIBHA - NET investments in Q1 2023
Slide 23: VIBHA - Total investments (in SET) as of Mar 2023
VIBHA - total investments (in set) as of Mar 2023
Slide 24: Vibha - Total investments (not in SET) as of Mar 2023
Vibha - Total investments (not in set) as of MAR 2023
Slide 25: Patient Trends (VIBHA+CMR)
PATIENT TRENDS (VIBHA+CMR) Thousands ! Thousands 1 266 300 | ~ 300 200! 200 1 () I () Qi Q2 Q3 Q4 i Ql Q2 Q3 Q4 1 = Y2019 2020 mam Y2021 Y2022 =@=Y2023 == ¥2019 = Y2020 mam Y2021 Y2022 =@=Y2023 Thousands! Thousands 1 20 25 ; 10 °e 20 ; ° 8 15 . 6 1 10 i 4 5 ; i i 2 (°) 1 0 Qi Q2 Q3 Q4 2 Ql Q2 Q3 Q4
Slide 26: Financial Data
FINANCIAL DATA (Unite : Million Baht) YEAR/PERIOD E2017 | E2018 | YE201I9 | YE2020 | YE2021 | YE2022 | Q1/2023 Assets 15,446 15,547 19,630 21,175 28,427 30,923 29,295 Liabilities 6,079 6,172 9,258 10,441 13,170 12,713 12,125 Equity (attributable to 7,013 7,107 7,789 8,171 12,184 14,392 13,362 owners
Slide 27: Financial Ratio
FINANCIAL RATIO YEAR/PERIOD6 E2017 | YE2018 | YE201I9 | YE2020 | YE2021 | YE2022 | QI/2023* ROA (%) 9.45 791 7.96 4.24 9.66 7.29 6.15 ROE (%) 12.58 10.25 10.86 5.64 17.74 9.96 7.67 Net Profit (%) 17.00 13.18 14.45 8.50 24.78 17.34 10.64 Market Cap. (MB) 33,784 | 26,399 23,744 19,657 35,840 36,927 34
Slide 28: Upcoming Trends
~ UPCOMING TRENDS
Slide 29: Construction in progress future projects
Construction in progress future projects
Slide 30: Future trends
Future trends
Slide 31: What to expect
What to expect NEXT QUARTER this YEAR
Slide 32: Thanks!
THANKS! Ooexycoe Vibhavadi Hospital +66 2 561 1111 corporateaccounting@vibhavadi.com www.vibhavadi.com www.facebook.com/hospital4 @VibhavadiHospital
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