Mlp Saglik Hizmetleri As Class B · BIST:MPARK
Mlp Saglik Hizmetleri As Class B — MLP Care — FY2022 Earnings Presentation
25 slides from Mlp Saglik Hizmetleri As Class B's earnings presentation, Mar 9, 2023
Slide 1: MLP Care FY 2022 Presentation
MLPCARE FY 2022 PRESENTATION M a r c h 9 th, 2 0 2 2
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation may contain certain forward-looking statements concerning MLP Care’s future performance and should be considered as good faith estimates made by the Company. These forward-looking statements reflect management expectations and are based upon currently ava
Slide 3: Muharrem Usta, Chairman & CEO
MUHARREM USTA CHAIRMAN & CEO
Slide 4: At a Glance: MLP Care Q4 2022 Financial Highlights
At a Glance: MLP Care Q4 2022 Financial Highlights Revenue growth exceeding inflation Revenue EBITDA EBITDA improved mainly due to TL 2,944 m TL 716 m strong operational performance 68% Growth 99% Growth effective cost saving measures FY 2022: FY 2022: 70% Growth 73% Growth Reduced leverag
Slide 5: Top-up Insurance Users Reached 3.6 m
# of People Top-up Insurance Users Reached 3.6 m # of People with Insurance in Turkey (in thousand) 2,671 3,604 6,275 2,540 2,595 5,135 Growth (FY 2022 – FY 2021) 5.1% 38.9% 22.2% PMI Top-up PMI+Top-up # of People with Top-up Insurance in Turkey (in thousand) 12.2022; 3,604 12.2021; 2,595 Average LT
Slide 6: FMT Revenue Triples in TL Terms
FMT Revenue Triples in TL Terms Medical Tourism Revenue (USD m) TOP 10 FMT Revenue % by Department in FY 2022 31.8% 106 11% 11% 9% 80 7% 27.4% 5% 5% 5% 3% 3% 3% Gynecology and Hematology Hematology Urology Brain and Neuro General Surgery Cardiology Orthopedics Medical Oncology Pediatric Hematology P
Slide 7: Liv Hospital Brand Expands in Baku
Liv Hospital Brand Expands in Baku Map of Azerbaijan Liv Bona Dea Hospital Location: Baku / Azerbaijan Opening Date: July 2022 Key Statistics 37.5k sqm 156 Bed Capacity 28 Intensive Care Unit 12 Operating Rooms 7
Slide 8: MLP Care Expands in Adana
MLP Care Expands in Adana Map of Adana Özel Medical Park Seyhan Hospital Özel Medical Park Adana Hospital Location: Seyhan / Adana Location: Seyhan / Adana Opening Date: December 2022 Opening Date: December 2022 Key Statistics Key Statistics 11.0k sqm 13.0k sqm 164 Bed Capacity 158 Bed Capac
Slide 9: Our Sustainability Targets
Our Sustainability Targets What we completed in 2022 Our plans for 2023 • Published the first sustainability report • Following-up progress towards pre-determined • Disclosed the sustainability strategy and KPIs targets and KPIs, make necessary adjustments • Renewed the sustainability governance str
Slide 10: Slide 10
Slide 11: Revenue Grows Above Inflation
Revenue Grows Above Inflation Revenue (TLm) 90.9% 9,837 69.7% 93.0% 67.7% 5,796 2,944 1,756 Q4 2021 Q4 2022 FY 2021 FY 2022 Denotes growth of Revenue vs. the same period of the last year 11 Denotes growth of Revenue vs. the same period of the last year excluding Sentez
Slide 12: All Payer Types Continue to Grow
All Payer Types Continue to Grow FY 2022 70% Revenue from SSI was up by 8% in Q4 2022 3% 22% (SSI Insurance allows for a wide addressable market, 146% which is c.98% of the total population) 18% 18% Self pay was up by 63% in Q4 2022 Revenue from PMI, Top-up & Contracted Institutions was up by
Slide 13: All Revenue Segments Continue to Grow
All Revenue Segments Continue to Grow Domestic Patient Medical Tourism Ancillary Business Revenue Revenue 58.6% 146.4% 69.8% 7,779 113.0% 304 60.1% 1,754 58.2% 2,318 536 90 Q4 2022 FY 2022 Q4 2022 FY 2022 Q4 2022 FY 2022 Domestic Revenue q-o-q Growth Accelerated Growth of Foreign Increase in Managed
Slide 14: Continued Improvement in Average Prices
Continued Improvement in Average Prices Outpatient Revenues (TLm) Inpatient Revenues (TLm) 68.0% 51.8% 66.8% 25.6% 1.2% 26.2% 1,367 732 26 749 3,440 4,339 2,047 2,857 2021 Volume & Mix Price 2022 2021 Volume & Mix Price 2022 Average Revenue Per Visit (ARPV) Average Revenue Per Protocol (ARPP) 834 83
Slide 15: EBITDA Is Up By 73%
EBITDA Is Up By 73% EBITDA (TLm)1 89.7% 2,346 73.3% 133.0% 99.5% 1,353 716 359 Q4 2021 Q4 2022 FY 2021 FY 2022 1 EBITDA and EBITDA margin calculated by deducting general administrative expenses from gross profit and adding depreciation and amortization expenses Denotes growth of EBITDA vs. the same
Slide 16: Prudent Cost Management
Prudent Cost Management Cost of Service and G&A Expenses as a % of Revenues Cost Saving Measures enables us to reach the favourable EBITDA Margin EBITDA Margin 23.3% 23.8% Material costs as a % of revenue decreased in FY 2022 due to the lagging effect of increased costs on the back 0.9% 1.1% of ef
Slide 17: Bottom Line Improves on The Back of Strong Operations
Bottom Line Improves on The Back of Strong Operations Net Profit (TLm) Net Profit (TLm) Allocated to Equity Holders of the Parent 485.4% 457.6% 371.5% 1,675 1,619 442.6% 325.4% 363.0% 595 581 140 140 355 125 290 Q4 2021 Q4 2022 FY 2021 FY 2022 Q4 2021 Q4 2022 FY 2021 FY 2022 Denotes growth of Net Pr
Slide 18: Leverage Ratios Continue to Decline
Leverage Ratios Continue to Decline 2700.0 05 Net Debt (TLm) 05 2200.0 04 2,116 2,069 2,053 04 1700.0 03 1,521 1200.0 03 2.2x Reduction 345mTL 1,176 02 700.0 1.5x 787 02 Reduction 389mTL 0.9x 01 200.0 01 2020 2021 2022 -300.0 00 Net Debt (exc. IFRS 16) IFRS 16 Net Debt/EBITDA FX risk of balance she
Slide 19: Strong Cash Generation
Strong Cash Generation Maintenance Capex (TLm) Total Capex (TLm) OCF/ EBITDA FCF/ EBITDA 88.0% 50.9% 4.2% 8.9% 63.9% 8.5% 25.9% 4.0% 871 689 413 1,498 608 1,191 229 493 2021 2022 2021 2022 2021 2022 2021 2022 % of Revenue % of Revenue % of EBITDA % of EBITDA 19
Slide 20: Q&A
Q&A
Slide 21: Closing Remarks
Closing Remarks MUHARREM USTA CHAIRMAN & CEO
Slide 22: Thank You!
Thank You! MLP Care Investor Relations Deniz Can Yücel +90 212 227 5555 (Ext: 1148) deniz.yucel@mlpcare.com http://investor.mlpcare.com/en/
Slide 23: Historical Balance Sheet
Historical Balance Sheet Audited Audited TLm December 31, 2022 December 31, 2021 Cash and cash equivalents 766 680 Financial investments 214 - Trade receivables 1,455 1,318 Inventory 661 285 Short term other assets 701 458 Current assets 3,798 2,741 Tangible and intangible fixed assets 2,368 1,716 R
Slide 24: Historical P&L Statements
Historical P&L Statements Audited Audited Unaudited Unaudited Change (%) Change (%) TLm 2022 2021 Q4 2022 Q4 2021 Revenues 9,837 5,796 69.7% 2,944 1,756 67.7% Cost of service (-) (6,992) (4,217) 65.8% (2,054) (1,248) 64.6% Gross profit 2,845 1,579 80.2% 890 508 75.2% General administration expenses
Slide 25: EBITDA Reconciliation
EBITDA Reconciliation TLm 2022 2021 Q4 2022 Q4 2021 Revenue 9,837 5,796 2,944 1,756 Cost of service (6,992) (4,217) (2,054) (1,248) Gross profit 2,845 1,579 890 508 General administrative expenses (-) (945) (561) (303) (247) Depreciation and amortization expenses (Cost of service) 409 314 116 91 Dep