Aevis Victoria Sa · SIX:AEVS
Aevis Victoria Sa — AEVIS Holding — Investor Presentation (October 2013)
35 slides from Aevis Victoria Sa's investor presentation, October 2013
Slide 1: Company presentation
Company presentation October 2013
Slide 2: Company overview
Company overview AEVIS Holding SA (AEVIS) invests in the healthcare sector, in life sciences and in services to people The main shareholdings of AEVIS are: • Genolier Swiss Medical Network SA (GSMN), the 2nd largest group of private clinics in Switzerland with geographical presence in the three main
Slide 3: The Swiss healthcare market
The Swiss healthcare market • Switzerland has the second highest hospital bed coverage in the world Large and • The Swiss healthcare system is economically well balanced and has growing substantial reserves market • Swiss healthcare spending > CHF 60bn or 11% of total Swiss GDP • Constant market gro
Slide 4: Group structure
Group structure AEVIS Holding SA Investments in healthcare sector, life sciences and services to people Genolier Swiss Medical Swiss Healthcare Other Activities Network SA Properties AG Clinic operations Healthcare real estate Related sectors • 2nd largest group of private • 25 healthcare properties
Slide 5: AEVIS on capital markets
AEVIS on capital markets AEVIS is listed on the Domestic Standard of SIX Swiss Exchange (Ticker: AEVS), with a market capitalisation of around CHF 440m In 2012, AEVIS has paid out CHF 0.30 per share to its shareholders. AEVIS plans to gradually increase the pay‐out ratio and pursues a dividend growt
Slide 6: Corporate governance – AEVIS Holding SA
Corporate governance – AEVIS Holding SA Board of directors Dr. Christian Wenger, Chairman The board of directors of AEVIS combines Raymond Loretan, Vice‐chairman financial, legal and political skills as well as Antoine Hubert, Delegate of the Board in‐depth knowledge of the Swiss Michel Reybier Anto
Slide 7: Corporate governance – Genolier Swiss Medical Network SA
Corporate governance – Genolier Swiss Medical Network SA Board of directors Raymond Loretan, Chairman The board of directors of GSMN contributes Dr. Philippe Glasson, Vice‐chairman additional healthcare and medical Antoine Hubert, Delegate of the Board expertise, a link to the group’s doctors as Mic
Slide 8: Corporate governance – Swiss Healthcare Properties AG
Corporate governance – Swiss Healthcare Properties AG Board of directors Antoine Hubert, Chairman The board of directors of SHP is well Michel Reybier, Vice‐chairman aligned within the corporate governance of Gilles Frachon AEVIS and shares in‐depth knowledge of Christoph Syz the portfolio of health
Slide 9: History – the creation of AEVIS
Cross‐participation 20% share exchange GSMN Zurich‐Pyramide History – the creation of AEVIS Acquisition of Ambulance Services Geneva GSMN is renamed to AEVIS / SHP is integrated in AEVIS Acquisition of remaining 51% and real‐estate of Lindberg Acquisition of Clinique Spontini Acquisition of Privatkl
Slide 10: GSMN and SHP – portfolio overview
GSMN and SHP – portfolio overview Clinics owned by GSMN Available Admitting Employees Ownership of beds physicians real estate Clinique de Genolier 115 177 290 SHP Privatklinik Bethanien 96 223 250 SHP Clinica Ars Medica 75 30 180 SHP Clinica Sant’Anna 80 90 220 SHP Clinique Générale 60 80 153 SHP C
Slide 11: Clinic operations – national coverage and regional presence
Clinic operations – national coverage and regional presence Hôpital de la Schmerzklinik Basel, Privatklinik Obach Klinik Villa im Park Privatklinik Lindberg Providence, Neuchâtel Basel‐Stadt Solothurn Rothrist Winterthur Clinique Générale Privatklinik Bethanien Fribourg Zurich Clinique de Genolier P
Slide 12: Healthcare real estate – long-term commitment to clinic operation's growth
Healthcare real estate – long‐term commitment to clinic operation’s growth Bâtiment CRG Clinique Générale Privatklinik Obach Privatklinik Lindberg Privatklinik Bethanien Genolier Fribourg Solothurn Winterthur Zurich Clinique de Genolier Genolier Les Hauts de Genolier Genolier Clinique de Montchoisi
Slide 13: Strategy – Buy, Invest, Reap on a stable ground
Strategy – “Buy, Invest, Reap” on a stable ground Market analysis & In depth Investments & Marketing of Ongoing take‐over clinic analysis renovation „new“ clinic optimisation Genolier 1 2 3 4 5 Pyramide Bethanien Montchoisi Obach Générale Value development Clinic Ars Medica operations Reaping the Sa
Slide 14: Healthcare real estate development
Healthcare real estate development 2006‐2007 Clinique Générale: complete refurbishment 2007 Clinique Valmont: development of parking and terrace 2009 Les Hauts de Genolier: construction of building 2010 Les Hauts de Genolier: development of parking 2010‐2011 Clinique de Montchoisi: new radiology and
Slide 15: Selected AEVIS clinics and healthcare real estate: Clinique de Genolier
Selected AEVIS clinics and healthcare real estate Clinique de Genolier Genolier Canton Vaud COMPANY PRESENTATION I 15
Slide 16: Clinique de Genolier – clinic operations
Clinique de Genolier – clinic operations 177 admitting physicians 290 employees 115 beds 5 operating theatres 2’638 surgical interventions Key specialties • Oncology • General and digestive surgery • Orthopaedics • Gynaecology and Senology (IORT) • Internal medicine • Preventive medicine • Plastic s
Slide 17: Clinique de Genolier – healthcare real estate
Clinique de Genolier – healthcare real estate Total site area 57’869m2 • View over Lake Geneva and the Alps • Room for further development Clinique de Genolier • Multi speciality hospital building • Floor area (net): 18’724m2 • Floor levels: 7 CRG Building • Center with medical practices and offices
Slide 18: Selected AEVIS clinics and healthcare real estate: Privatklinik Bethanien
Selected AEVIS clinics and healthcare real estate Privatklinik Bethanien Zurich Canton Zurich COMPANY PRESENTATION I 18
Slide 19: Privatklinik Bethanien – clinic operations
Privatklinik Bethanien – clinic operations 223 admitting physicians 250 employees 96 beds 3’775 surgical interventions 598 deliveries (including Privatklinik Lindberg) Key specialties • Orthopaedics • Gynaecology and obstetrics • Surgery and internal medicine • Visceral surgery • Maxillofacial surge
Slide 20: Privatklinik Bethanien – healthcare real estate
Privatklinik Bethanien – healthcare real estate Total site area 10’984m2 • Ideally located at Zurichberg • Further development possibilities Privatklinik Bethanien • Multi specialty hospital building • Floor area (net): 14’613m2 • Totally renovated in 2012 (new entrance and reception areas, undergro
Slide 21: Selected AEVIS clinics and healthcare real estate: Clinica Sant'Anna
Selected AEVIS clinics and healthcare real estate Clinica Sant’Anna Lugano Canton Ticino COMPANY PRESENTATION I 21
Slide 22: Clinica Sant'Anna – clinic operations
Clinica Sant’Anna – clinic operations 90 admitting physicians 220 employees 80 beds 4 operating theatres 3’900 surgical interventions per year 835 deliveries Key specialties • Female medicine and senology • Gynaecology and obstetrics • Neonatology • Oncology • Internal medicine • Specialised surgery
Slide 23: Clinica Sant'Anna – healthcare real estate
Clinica Sant’Anna – healthcare real estate Total site area 22’251m2 • Hillside development • View over Lake Lugano Clinica Sant’Anna • Multi speciality hospital building • Floor area (net): 14’203m2 • Floor levels: 8 3 further healthcare real estate on site • Medical related use • Floor area (net):
Slide 24: Other investments – Les Hauts de Genolier
Other investments – Les Hauts de Genolier Assisted living complex next to Clinique de Genolier 63 luxurious apartments offering modern infrastructure Turnover of CHF 7.9 million in 2012 Multi‐disciplined care team Tailor‐made nursing services Short‐term or long‐term stays COMPANY PRESENTATION I 24
Slide 25: Other investments – Nescens – Added value brand to the clinics
Other investments – Nescens – Added value brand to the clinics Fruit of a partnership with CSPV‐Centre Suisse de Prévention du Vieillissement SA and La Réserve Leading global anti‐aging specialist – “live better and longer” First brand to bring a comprehensive and evidence‐based answer to prolong he
Slide 26: Other investments – Clinique Nescens Paris Spontini
Other investments – Clinique Nescens Paris Spontini First clinic of the Group entirely dedicated to aesthetic medicine and surgery 16th arrondissement of Paris Commercialised under the brand Nescens European benchmark in the field of aesthetic medicine and surgery First quality medical and hotel inf
Slide 27: Other investments – AS Ambulances Services
Other investments – AS Ambulances Services 80% interest in AS Ambulance Services SA, Geneva 80 employees Turnover of CHF 7.6 million in 2012 Founder and COO Olivier Gonin owns a 13% stake Acquisitions in line with AEVIS strategy of developing several activities in the healthcare sector Further acqui
Slide 28: Other investments: Swiss Advanced Vision
Other investments: Swiss Advanced Vision Minority stake of 20% (CHF 2 million investment) First investment in medical science Swiss Advanced Vision designs, manufactures and distributes a new generation of intraocular lenses for cataract surgery In 2013, Swiss Advanced Vision will produce around 10'
Slide 29: Half-yearly Results 2013: Income Statement
Half‐yearly Results 2013: Income Statement In CHF '000 1H2013 1H2012 Main growth drivers were clinic acquisitions Revenue 216'829 161'803 growth 134% Organic growth rate was 7.4%. (vs. 3.5% growth for the sector) EBITDA 24'695 15'360 margin 11.4% 9.5% EBITDA surged strongly to CHF 24.7m Depreciation
Slide 30: Half-yearly Results 2013: Balance Sheet
Half‐yearly Results 2013: Balance Sheet In CHF '000 1H2013 31.12.2012 Real estate represents approx. 55% of total assets Key figures balance sheet Assets Equity ratio at 20.5% Total non‐current assets 156'831 135'762 LTV ratio at 50.7% Total current‐assets 676'307 598'686 AEVIS has chosen to offset
Slide 31: AEVIS – outlook 2013
AEVIS – outlook 2013 Revenue forecast 2013 of more than CHF 450m with the current perimeter • New acquisitions already realised in 2013 (Valère, Providence, Villa im Park and Schmerzklinik) • Internal growth (constant recruitment of new physicians) Revenue forecast 2014 of more than CHF 500m • With
Slide 32: Investment highlights
Investment highlights • High attractiveness of the growing and recession‐resilient healthcare sector Attractive Demographic trends (more people get older) sector focus Increasing economic wealth (people have more money) Increasing willingness to pay for healthcare services (people pay more) •
Slide 33: Financial Calendar
Financial Calendar November 2013 Publication of 3Q2013 Turnover February 2014 Publication of FY2013 Turnover 30 April 2014 Publication of Annual Result 2013 May 2014 Publication of 1Q2014 Turnover 4 June 2014 Ordinary General Shareholders Meeting for the year 2013 30 September 2014 Publication Half
Slide 34: Disclaimer
Disclaimer This communication contains statements that constitute “forward‐looking statements”. In this communication, such forward‐looking statements include, without limitation, statements relating to our financial condition, results of operations and business and certain of our strategic plans an
Slide 35: Investing for a better life
Sl ris HOLDING Investing for a better life IOA:'5 HOLDING