Specialized Medical Company · TADAWUL:4019
Specialized Medical — Q2 2026 Earnings Presentation
32 slides from Specialized Medical's earnings presentation, Aug 6, 2026
Slide 1: SMC Healthcare Q2 2026 Results Presentation
SMC Healthcare Q2 2026 |Results Presentation August 6, 2026
Slide 2: Disclaimer
Disclaimer This presentation contains statements that are, or may be deemed to be, forward looking statements, including statements about the beliefs and expectations of Specialized Medical Company (SMC Healthcare or SMC) (the "Company") . These statements are based on the Company’s current plans, e
Slide 3: Presenters & Table of Contents
Presenters & Table of Contents Mr. Bassam Chahine Chief Executive Officer 30 Years of Experience 1 | Company Overview & Strategic Updates 25 Years at SMC 2 | Q2 2026 Performance Mr. Hani Charani Chief Financial Officer 34 Years of Experience 3 | Outlook 21 Years at SMC 4 | Q&A Mr. Faisal Altimyat Di
Slide 4: Company Overview & Strategic Updates
Company Overview & Strategic Updates
Slide 5: SMC Healthcare is a Leading Integrated Healthcare Provider
SMC Healthcare is a Leading Integrated Healthcare Provider with Comprehensive Services Covering the Entire Healthcare Value Chain Comprehensive Specialties & Services SMC 1 King Fahd Road, Riyadh General & Laboratory Dentistry Dialysis IVF & Fertility Cardiology Specialized Services Center Center Su
Slide 6: Investment Case
Investment Case An attractive opportunity to unlock long -term value for shareholders Operational excellence Digital -first and clinical quality platform and AI adoption Best -in-class clinical outcomes In-house developed technology and one of the top 3 organ improving patient engagement transplant
Slide 7: Medical Services Overview
Medical Services Long -Term Care (LTC) Beds Overview -217 LTC Beds Medical Services 2 Net Revenue ($ million) 301 300 SMC continues to 137 115 Q2 2026: H1 2026: prioritize higher - 84 84 margin acute $ 321.5 million $ 631.6 million services while FY 2023 H1 2024 FY 2024 H1 2025 FY 2025 H1 2026 scali
Slide 8: SMC 1 is Our Inaugural Hospital
SMC 1 is Our Inaugural Hospital, Centrally Located In Riyadh, and Serving as Our Hub since 1999 SMC 1 | 26 Years Key Stats | Q2 2026 King Fahd Road 227K 25K 56K 27K Established Capacity Clinic visits Emergency cases Radiology procedures Inpatients 1999 ❖ 390 Beds Facilities ❖ 212 Clinics 4K 649 330K
Slide 9: SMC Expanded Capacity with Launch of Second Hospital in 2020
SMC Expanded Capacity with the Launch of Our Second Hospital in 2020, Delivering Enhanced Efficiency and Patient Experience SMC 2 | +5 Years Key Stats | Q2 2026 King Abdullah Road 154K 35K 39K 14K Established Capacity Clinic visits Emergency cases Radiology procedures Inpatients 2020 ❖ 196 Beds Faci
Slide 10: Key Highlights – Q2 2026
Key Highlights – Q2 2026 Strong Earnings Growth Higher Patient Activity Operating Efficiency and An Ordinary Cash Dividend and Margin Expansion Across Outpatient and Lower Finance, G&A and of $80 Million for FY 2025 Inpatient Services Marketing Costs Was Distributed to Shareholders on 4 June 2026 Ne
Slide 11: SMC App and AI
In -house Developed Digital Innovations and AI Enhancing the Patient Experience Seamless app interface $ 4.6 70.3% Online Booking Online Check In Online Payments Star rating of appointments through the app 3 AI tools have been deployed AI Radiology AI AI Clinical Images Interpretation Recommendation
Slide 12: SABIC PPP Update
Advancing Current Operations and Upcoming Expansions Operation of a 150 -bed MOH mental hospital under PPP (SABIC Behavioral Care Specialist Hospital) The project marks SMC's first Public -Private Partnership (PPP) with the Ministry of Health, creating a new recurring revenue stream . • Award announ
Slide 13: Upcoming Expansions
Upcoming Expansions SMC 4 (Al Khuzam Suburb) During Q2 2026, the design phase and hoarding were completed. The Company obtained the excavation permit and will commence site preparation in August 2026. SMC 5 (Al Malqa District) SMC Healthcare plans to launch SMC 5, its third expansion project in Nort
Slide 14: Clinical and Academic Achievements
Clinical and Academic Achievements Minimally invasive surgery as Launch of accredited training Saving a child under three using Rare intraventricular brain a treatment for prostate program for medical coding – in inhaled anesthesia from tumor was successfully cancer through advanced cooperation with
Slide 15: Awards and Achievements
Awards and Achievements 2026 World’s Best Arab Hospitals Federation – Gold Hospitals Listing Initiative Certificate th – 7 Edition (by statista ) 1. Digital Health & Technology Innovation – PLATINUM (SMC 1) 2. Patient Centered Care & 2026 Best Specialized Hospitals Experience – GOLD (SMC 2) Middle E
Slide 16: Q2 2026 Performance
Q2 2026 Performance
Slide 17: Outpatient and Acute Care Growth Driving Q2 2026 Performance
Outpatient and Acute Care Growth Driving Q2 2026 Performance Continued Outpatient Expansion Gaining Strong Momentum and Driving Higher Inpatient Visits Inpatient Revenue Growth New Clinics Delivering Solid Results Number of Inpatient Visits Number of Outpatient Clinic Visits +12.8% YoY +10.9% YoY +4
Slide 18: Realized Operational Shift and Continued Outpatient Ramp-Up
Realized Operational Shift and Continued Outpatient Ramp -Up Driving Q2 2026 Performance $ million Q2 2026 Q2 2025 Varia nce (YoY) H1 2026 H1 2025 Varia nce (YoY) Net Revenue 401.3 379.8 +5.7% 782.0 748.2 +4.5% Net revenue growth Medical Services • +5.7% YoY net revenue growth 321.5 311.7 +3.2% 631.
Slide 19: Resilient Q2 2026 Performance despite Seasonal Impact
Resilient Q2 2026 Performance despite Seasonal Impact Q2 2025 vs Q2 2026 Q1 2026 vs Q2 2026 +5.7% +5.4% Net Revenue Continued revenue 379.8 401.3 380.7 401.3 growth ($ mn ) • +5.4% QoQ, following the impact of Q2 25 Q2 26 Q1 26 Q2 26 Ramadan, EID, and the extended school break in Q1 2026 • Continued
Slide 20: Strengthened Balance Sheet and Improved Liquidity
Strengthened Balance Sheet and Improved Liquidity 1.8x Net Debt / EBITDA 1 62.3% Debt / Equity 0.5x YoY 8.6pp YoY 101.8 Receivables Days 94.7 Payables Days 2 vs 103 days in Q2 2025 vs 94.5 days in Q2 2025 46.1 mn Free cash flow 4.3 mn Working Capital Up from -71.4 mn in Q2 2025 -96.9% YoY vs 138 m n
Slide 21: Outlook
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Slide 22: FY 2026 Guidance
FY 2026 Guidance FY 2025 Actual FY 2026 Guidance (Updated Q2 2026) Notes • Beds 581 581 Guidance maintained Clinics 323 350 - 360 • Guidance maintained Net Revenue $1.5 bn $1.6 bn - 1.7 bn • Guidance maintained • Due to the ongoing EBITDA Margin 27.1 % * c.22 % - 26 % operating environment, FY 2026
Slide 23: Thank You
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Slide 24: Q&A
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Slide 25: Appendix
Appendix
Slide 26: SMC 1: 26 Years of Healthcare Leadership in Riyadh
SMC 1 26 Years of Healthcare Establishment Major Capacity Expansions Latest Leadership in Riyadh Expansion Phase 1999 2002 2004 2006 2012 2014 2024 Launch of SMC Expansion of Expansion of Developed SMC Developed SMC Further expansion Further expansion 1 as a day - SMC 1’s facilities SMC 1 through 1’
Slide 27: SMC 2 Purpose-Built Expansion Driving Operational Scale
SMC 2 Purpose -Built Expansion Driving Operational Scale SMC 2 was launched in 2020 during the COVID -19 pandemic, becoming the only hospital in Saudi Arabia to commence operations during the outbreak while immediately supporting national healthcare capacity . Advanced Infrastructure & Specialized C
Slide 28: Two Decades of Growth: Regional Healthcare Powerhouse
Through Two Decades of Growth, SMC Has Emerged as a Regional Healthcare Powerhouse Establishment Strengthening Existing Footprint Expansion Phase 1999 2002 2004 2005 2006 2012 2014 2020 2024 2025 2026 → Launch of SMC 1 Expansion of Expansion of Agreement Developed SMC Developed SMC Further Launch of
Slide 29: Core Growth Strategy Centered around Northern Riyadh
Core Growth Strategy Centered around the Expanding Northern Riyadh Region with Three New Hospitals and One Polyclinic Long Term Strategy New Healthcare Facilities (est. $ 3+ bn in CAPEX) to be Financed through a Combination of Debt and Internal Cash Flows 2026 2028 2028 2029 SMC Clinics (Launched) S
Slide 30: Proven Track Record of Consistent Growth and Profitability
SMC Has a Proven Track Record of Delivering Exceptional Healthcare with Consistent Growth and Profitability IP Beds - Acute 159% OP Clinics 95% Patient Visits 185% 192 497 166 323 554K 1,567K 2019 FY 2025 2019 FY 2025 2019 FY 2025 $ 1.54 bn Net Revenue CAGR $ 266* mn Net Revenue: 11.7% Net Profit $
Slide 31: Scaling a Resilient Healthcare Platform
Scaling a Resilient Healthcare Platform by Digitizing the Core, Lifting Margins, Adding Capacity and Monetizing Adjacencies STRATEGIC Operational excellence & Outpatient clinics growth & margin Expand Riyadh Diversified growth PILLAR digital reach optimization via service -mix hospital cluster adjac
Slide 32: Riyadh Is the Backbone of KSA's Healthcare Infrastructure
Riyadh Is the Backbone of KSA’s Healthcare Infrastructure Private Sector Outpatient 1 and Inpatient Activity Despite Ongoing Expansion, Riyadh’s Hospital Bed Shortage Largest Share of the Population in KSA 1 Outpacing Public Sector Growth Is Projected to Widen as Demand Outpaces Supply # of Outpatie
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