Vibhavadi Medical Center Public Co. Ltd. · SET:VIBHA
Vibhavadi Medical Center Public — Q3 2021 Earnings Presentation
24 slides from Vibhavadi Medical Center Public's earnings presentation, Dec 16, 2021
Slide 1: Investor Presentation Q3&9M Y2021 Results
VIBHA V I B H AVA D I M E D I C A L C E N T E R P U B L I C C O M PA N Y L I M I T E D Investor Presentation Q3&9M Y2021 Results 16 December 2021
Slide 2: Disclaimers
Disclaimers FR • 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 ac
Slide 3: Contents
Contents VIBHA Overview Q3 & 9M Y2021 in Review Financial Performance & Operational Statistics Upcoming Trend 3
Slide 4: VIBHA Overview
VIBHA Overview FR Joint Venture to Establish Vibharam Group Establishment of the Company Hospitals Acquire CMR Group Hospitals Founded with only one building, Targeting Government-subsidized programs Largest Market-share of healthcare in 100 bed hospital and middle-income population Northern part of
Slide 5: Subsidiary Companies
Subsidiary Companies FR Operating Social Company Name Ticker % Share No. of bed Years Security Vibhavadi Hospital VIBHA 100 400 35 No Subsidiary Companies Lanna Hospital 1&2&3 LANNA 83.55 330 45 Yes Chiangmai Ram Hospital CMH 47.09 220 27 No Theppanya Hospital 1&2 TPY 47.09 170 25 Yes Hariphunchai R
Slide 6: Associated Companies
Associated Companies FR Operating Social Company Name Ticker % Share No. of bed Years Security Associated Companies Vibharam Hospital VBR 33.73 1000+ 30 Yes Bangpo General Hospital BANGPO 28.57 100 35 No Khelangnakorn-ram Hospital KHELANG 11.99 100 33 No Maesot-ram Hospital PAWOR 23.54 100 31 No Non
Slide 7: VIBHA's Network
VIBHA’s Network FR CMR Group (Subsidiary Company) Vibhavadi Hospital : VIBHA Lanna Hospital : LANNA Bangpo General Hospital : BANGPO (Associated Company) Chiangmai Ram Hospital : CMH Vibharam Group : VBR Theppanya Hospital (1&2) : TPY (Associated Company) - Vibharam Pattanakarn Hospital Hariphunchai
Slide 8: Shareholding Structure
Shareholding Structure FR % of Shareholding 1 F&S 79 COMPANY LIMITED 15.35% 2 MR. CHAISITH VIRIYAMETTAKUL 14.90% 3 SYNPHAET HOSPITAL COMPANY LIMITED 8.75% 4 RAMKHAMHAENG HOSPITAL PUBLIC COMPANY LIMITED 7.09% 5 CHAO PHYA HOSPITAL PUBLIC COMPANY LIMITED 5.92% 6 VIBHARAM HOSPITAL COMPANY LIMITED 4.15%
Slide 9: Contents
Contents VIBHA Overview Q3 & 9M Y2021 in Review Financial Performance & Operational Statistics Upcoming Trend 9
Slide 10: Q3 Y2021 Operational Recap
Q3 Y2021 Operational Recep FR Q3 Y2021 Highlights Revenue Breakdown ▲ 21% by Source by Type of Patients 1,981 % Chg. % to % Chg. % to Ticker (YoY) Revenue (YoY) Revenue 1,632 ▲ VIBHA ▲44% 45% OPD ▲4% 36% 232% ▲ LANNA ▲11% 21% IPD ▲49% 49% 926 1083% 651 CMH ▲1% 20% SS ▲23% 15% CMR HARI ▲39% 6% by Pay
Slide 11: 9M Y2021 Operational Recap
9M Y2021 Operational Recep FR 9M Y2021 Highlights Revenue Breakdown ▲ by Source by Type of Patients 14% 5,293 % Chg. % to % Chg. % to Ticker 4,645 (YoY) Revenue (YoY) Revenue VIBHA ▲27% 45% OPD ▲10% 40% ▲ LANNA ▲7% 20% IPD ▲20% 44% 130% ▲ 1,851 CMH ▼2% 21% SS ▲9% 16% CMR 628% 1,114 HARI ▲20% 5% by P
Slide 12: Contents
Contents VIBHA Overview Q3 & 9M Y2021 in Review Financial Performance & Operational Statistics Upcoming Trend 12
Slide 13: Financial Performance
Financial Performance FR Consolidated Financial Performance 1,981 1,706 1,631 1,725 1,679 1,721 1,327 926 Total Revenues 532 487 EBITDA* 400 439 279 687 Net Profit 125 338 233 285 197 (43) 72 Q1 Y2020 Q2 Y2020 Q3 Y2020 Q4 Y2020 Q1 Y2021 Q2 Y2021 Q3 Y2021 Q2 Y2020 ▼ Government-announced lock-down (CO
Slide 14: Share Profit From Associates
Share Profit From Associates FR Q3 & 9M Y2021 Breakdown by Source ▲ Q3 ▲ 343% Ticker Y2020 Y2021 % Chg. (YoY) 453% 464 VBR (86) 394 ▲561% 408 TBD (33) (2) ▲96% BANGPO 3 8 ▲197% KHELANG 3 1 ▼81% PAWOR (2) 7 ▲529% Total (115) 408 ▲453% (115) 9M (191) VBR (146) 441 ▲401% Q3 9M TBD (47) (12) ▲74% Y2020
Slide 15: Net Profit
Net Profit FR Q3 & 9M Y2021 Breakdown by Source ▲ Q3 431% 1,205 Ticker Y2020 Y2021 % to NI 2021 VIBHA 115 149 22% ▲ 854% CMR 51 111 16% PPS,BDC,VPRE (43) 34 5% 687 Share Profit (115) 408 59% 226 Elimination 64 (15) (2)% CONSO 72 687 100% 9M 72 VIBHA 465 635 53% CMR 178 245 20% PPS,BDC,VPRE (45) 64 5
Slide 16: CMR Group: Recall from SSO
CMR Group : Recall from SSO FR Unit : Million Baht From EFFECTS TO INCOME Year Recall in transactions of LANNA TPY HARI Total 2015 - 24.44 60.96 85.40 2018 Subtotal - 24.44 60.96 85.40 2015 64.08 - - 64.08 2016 59.08 18.44 33.41 110.93 2019 2017 43.74 8.78 23.80 76.32 Subtotal 166.90 27.22 57.21 251
Slide 17: VBR Group: Recall from SSO
VBR Group : Recall from SSO FR From EFFECTS TO INCOME Year Recall in* transactions of VBR Laemchabang Amata Pakkred Total 2015 15.36 - - - 15.36 2017 Subtotal 15.36 - - - 15.36 2017 - 17.62 - - 17.62 2018 Subtotal - 17.62 - - 17.62 2015 - - - - - 2019 2017 - - - - - Subtotal - - - - - 2017 - - - - -
Slide 18: Financial Ratio
Financial Ratio FR YEAR 2016 2017 2018 2019 2020 15/12/2021 ROA (%) 9.37 9.45 7.91 7.96 4.24 8.36 (9M) ROE (%) 11.23 12.58 10.25 10.86 5.64 16.03 (9M) Net Profit (%) 11.47 17.00 13.18 14.45 8.50 22.77 (9M) P/E 54.02 40.12 31.40 31.50 67.71 23.62 P/BV 5.95 4.96 3.70 3.12 2.60 3.31 Book Value per Shar
Slide 19: Number of Patients
Number of Patients FR General Medical Treatment 261,674 277,570 223,420 15,401 13,615 13,477 OPD IPD Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Y2019 Y2020 Y2021 Y2019 Y2020 Y2021 SSO Medical Treatment 6,233 5,999 6,101 207,942 195,431 201,713 OPD IPD Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Y2019 Y2020 Y2021 Y2019 Y2020 Y2021 19
Slide 20: COVID-19 Testing
COVID-19 Testing FR Drive Thru Volume Trend from 1st to 3rd Waves 3rd wave 7,260 5,140 No Drive-thru COVID-19 Test Service 1st wave 2nd wave 1,788 1,476 1,140 824 M3 M4 M5 M6 M7 M8 M9 M10 M11 M12 M1 M2 M3 M4 M5 M6 M7 M8 M9 M10 M11 Y20 Y20 Y20 Y20 Y20 Y20 Y20 Y20 Y20 Y20 Y21 Y21 Y21 Y21 Y21 Y21 Y21 Y
Slide 21: Contents
Contents VIBHA Overview Q3 & 9M Y2021 in Review Financial Performance & Operational Statistics Upcoming Trend 21
Slide 22: Upcoming Trend
Upcoming Trend FR COVID-19 Situation in The North and Bangkok General Patients Vaccination (Moderna) Dividend Investment 22
Slide 23: Hospital Projects
Hospital Projects FR CAPEX – Investing in Existing Facilities and Service Improvement Y2025 VBR – Onnut Y2024 (250 beds), VBR – Borwin 1,800MB Y2023 (150 beds), VBR – Amata 1,000MB Y2022 Parking building, Y2021 VBR – Pattanakarn 400MB (59 beds), 900MB CMR – LANNA3 (100 beds) Parking building HARI (2
Slide 24: Q&A
Q&A Vibhavadi Hospital +66 2 561 1111 info@vibhavadi.com www.vibhavadi.com www.facebook.com/hospital4 @vibhavadihospital
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