Akdital · CSEMA:AKT
Akdital — Investor Presentation (December 2024)
28 slides from Akdital's investor presentation, December 2024
Slide 1: Investor Presentation
Investor Presentation December 2024
Slide 2: Contents
CONTENTS 01 Introducing AKDITAL & the healthcare sector in Morocco 02 Operating & financial performance 03 Outlook & strategic priorities 04 Photo library 05 Financial statements 2
Slide 3: Presentation of Akdital and the Healthcare Sector in Morocco
PRESENTATION OF AKDITAL AND THE HEALTHCARE SECTOR IN MOROCCO 3
Slide 4: Key Figures as of 09/30/2024
KEY FIGURES AS OF 09/30/2024 AKDITAL private healthcare leader in the MENA region 25 2 763 +15% 5 671 Hospitals in 13 cities Beds of Moroccan Employees, bedding capacity of whom 66% paramedical staff +2 000 14,5 Billion MAD 2 018 M MAD 447 709 Doctors Stock market Revenues Number of admissions capit
Slide 5: Schedule for New Hospital Openings to T3 2025
SCHEDULE FOR NEW HOSPITAL OPENINGS TO T3 2025 (PRE- MONEY) Akdital, more than 1 opening per month over the next 15 months Pre SPO : 24 hospitals | 11 cities | 2,532 beds SPO Essaouira (1)* : Multidisciplinary hospital (166 beds) T3 2024 Tétouan (1)* : Multidisciplinary hospital (130 beds) Erra
Slide 6: A Network of 51 Hospitals by 2026
A NETWORK OF 51 HOSPITALS BY 2026, ACHIEVED THROUGH TO THE OPENING OF A NEW HOSPITAL EVERY 2 MONTHS SINCE 2022 5.700 51 Beds Number of Facilities Cities Hospitals 4.621 51 +5 700 3.889 Beds 40 34 31 30 Cities 2.300 1.882 24 21 20 17 972 600 9 9 100 200 5 50 2 6 1 1 1 1 2 2011 2015 2018 2019 2021 202
Slide 7: Evolution of Key Indicators in Morocco's Health Sector
EVOLUTION OF KEY INDICATORS IN MOROCCO'S HEALTH SECTOR Key milestones in Morocco's health sector over the past 10 years Health has Law 131-13 : Emergence of the Launch Covid-19 / First phase Second phase become a Permitting capital first structured of the 2025 Plan for of AMO’s of AMO project consti
Slide 8: Evolution of Key Health Sector Indicators in Morocco
EVOLUTION OF KEY HEALTH SECTOR INDICATORS IN MOROCCO Evolution of healthcare services from 2020 to Evolution of healthcare services by region from 2023 2020 to 2023 Casablanca-Settat 18% 17% 28% Rabat - Salé - 25% 26% 18% Kénitra 18% 38% 8% 37 388 44 130 Marrakech-Safi 8% 37 388 44 130 beds beds Fès
Slide 9: Medical Coverage in Morocco
MEDICAL COVERAGE IN MOROCCO Basic medical coverage Plans AMO RAMED Working people, retirees from the public and Poor people not covered by a health insurance private sectors and their dependants scheme Self-employed and liberal professions Beneficiaries Former members of the Resistance Stu
Slide 10: Operating & Financial Performance
OPERATING & FINANCIAL PERFORMANCE 10
Slide 11: Consolidated Income Statement (1/2)
CONSOLIDATED INCOME STATEMENT (1/2) KEY INDICATORS H1 2024 Figures in M MAD Revenue Gross margin EBITDA Net income Margin rate EBITDA margin Net margin 1.249 127 783 334 49% 56% 51% 70% 828 526 214 75 63,6% 26,8% 10,2% 25,9% 62,7% 9,1% H1 2023 H1 2024 H1 2023 H1 2024 H1 2023 H1 2024 H1 2023 H1 2024
Slide 12: Consolidated Income Statement (2/2)
CONSOLIDATED INCOME STATEMENT (2/2) SUBSIDIARIES' CONTRIBUTION TO REVENUE GROWTH AS OF 06/30/2023 vs. 06/30/2024 Figures in M MAD 12
Slide 13: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET EVOLUTION OF OPERATING WORKING CAPITAL REQUIREMENT Figures in M MAD Operating WCR* June 2024 vs. December 2023 Inventory Accounts receivable Accounts payable* 280 132 844 696 696 99 630 165 40 121 32 100 19 19 133 122 Dec-23 June-24 Dec-23 June-24 Dec-23 June-24 Dec-23 jui
Slide 14: Billing Breakdown by Category
BILLING* BREAKDOWN 06/30/2023 VS. 06/30/2024 BY CATEGORY Figures in M MAD 06/30/2023 06/30/2024 International International National Coverage Coverage Coverage Direct Pay 2% 1% 60% 19% National Coverage 59% Billing by Billing by category Direct Pay category 19% Reimbursement claims 12% CNOPS CNOPS C
Slide 15: Main Aggregates of the Pre-Money Business Plan (1/2)
MAIN AGGREGATES OF THE PRE-MONEY BUSINESS PLAN (1/2) Revenue M MAD CAGR24e-29p : +16 CAGR21PF-24e : +58 2.864 3.106 3.228 2.469 50% 1.785 48% 50% 45% 452 39% 15% 2.586 2.826 2.993 3.090 3.153 3.215 1.907 770 1.035 2021 PF 2022 2023 2024e 2025p 2026p 2027p 2028p 2029p Operating perimeter to end H1 20
Slide 16: Main Aggregates of the Pre-Money Business Plan (2/2)
MAIN AGGREGATES OF THE PRE-MONEY BUSINESS PLAN (2/2) Net income M MAD CAGR24e-29p : +24 1.020 952 CAGR21PF-24e : +83 852 731 508 342 198 56 99 2021 PF 2022 2023 2024e 2025p 2026p 2027p 2028p 2029p Net investments M MAD Average (26p - 29p ): 156 mMAD 1.640 995 766 802 447 142 154 162 167 2021 PF* 202
Slide 17: Outlook & Strategic Priorities
OUTLOOK & STRATEGIC PRIORITIES 17
Slide 18: Capital Increase Objectives
CAPITAL INCREASE OBJECTIVES The main objectives of the capital increase are (i) to finance identified projects and (ii) to optimize the Group's financial structure Main objectives of the operation Post-transaction shareholding (1) 1 Expanding the Group's network of hospitals throughout the kingdom:
Slide 19: A Network of 51 Hospitals with Over 5,700 Beds
A NETWORK OF 51 HOSPITALS WITH A TOTAL CAPACITY OF MORE THAN 5,700 BEDS, SPREAD OVER 31 CITIES BY 2026 City (number of post-money establishments) No. of pre-money beds No. of post-money beds Taza (1) - 100 Berkane (1) - 100 Khemissat (1) - 100 New locations Kalaa Seraghna (1) - 100 Larache (1) - 100
Slide 20: Photo Library
PHOTO LIBRARY 20
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Slide 22: (@) AKDITAL
(@) AKDITAL
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Slide 28: Akdital
(%) AKDITAL