Pure Health Holding Pjsc · ADX:PUREHEALTH
Pure Health Holding Pjsc — PureHealth — Q1 2026 Earnings Presentation
39 slides from Pure Health Holding Pjsc's earnings presentation, May 2026
Slide 1: Q1 2026 Earnings Presentation
Q1 2026 Earnings Presentation May 2026
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by PureHealth (the “Company”) for general use only and is not necessarily comprehensive as it has not been independently verified, nor is it considered or constitutes part of any invitation or inducement to engage in any investment activity, nor does it
Slide 3: Contents
Contents Performance Highlights 4 Operational & Strategic Highlights 6 Current Environment Update 11 Segment Review 15 Financial Review 23 Outlook & Guidance 30 Appendix 32
Slide 4: A Transformation Leader Across Healthcare and Insurance
Q1 2026 Earnings Presentation A Transformation Leader Across Healthcare and Insurance Expanding our Footprint, Deepening our Market Leadership UAE’s Largest UK’s Largest Largest Private Healthcare UAE’s Largest Healthcare Group Private Healthcare Group Group in Greece & Cyprus Health Insurer Circle
Slide 5: Q1 2026 Performance Highlights
Q1 2026 Earnings Presentation Q1 2026 Performance Highlights Broad-based growth across core segments, with disciplined execution supporting resilient performance Group Financial Results (YoY) Care (Healthcare) Cover (Insurance) Hospitals Diagnostics Procurement Technology Health Insurance Property &
Slide 6: Operational & Strategic Highlights
Operational & Strategic Highlights
Slide 7: Q1 2026 Key Operational Highlights
Q1 2026 Earnings Presentation Q1 2026 Key Operational Highlights Driving strategic growth and value creation through transformation, operational efficiency, technology enablement and synergy delivery. Care (Healthcare) Cover (Insurance) Partnership with Columbia SEHA Service and Capacity Expansion S
Slide 8: Q1 2026 Key Operational Highlights
Q1 2026 Earnings Presentation Q1 2026 Key Operational Highlights Driving strategic growth and value creation through transformation, operational efficiency, technology enablement and synergy delivery. Care (Healthcare) Change image Circle Health – Capacity and Service Hellenic Healthcare – Bolt-on P
Slide 9: Continued Progress on Bolt-on M&A Strategy
Q1 2026 Earnings Presentation Continued Progress on Bolt-on M&A Strategy Service and Capacity Expansion Buy and Build via Bolt-on Acquisitions Fairfield Independent Hospital, UK Evangelismos Hospital, Cyprus Integration of Added 69 beds and over 12k cases Supports greater scale Builds on the Group’s
Slide 10: Advancing AI, Digital Platforms and Technology Enablement
Q1 2026 Earnings Presentation Advancing AI, Digital Platforms and Technology Enablement AI & Platform Innovation PureNet Pulse AI – Digital Health Platform AI as Strategic Value Lever • PureNet: DHaaS* platform integrating and standardising digital • 120+ AI use cases identified across the Group, ta
Slide 11: Current Environment Update
Current Environment Update
Slide 12: Proactive Risk Management with Contained Exposure
Q1 2026 Earnings Presentation Proactive Risk Management with Contained Exposure Base case reflects near-term pressure with defined mitigation levers and improving visibility. Implemented Actions Governance & System Supply Chain & Operational Continuity & Coordination Procurement Resilience Capacity
Slide 13: Resilient Performance with Structural Downside Protection
Q1 2026 Earnings Presentation Resilient Performance with Structural Downside Protection Limited direct impact at the Group level, supported by geographic diversification, a resilient insurance business, a stable Emirati patient base, and a strong balance sheet. Geographic Patient Insurance / Balance
Slide 14: Strategy Execution on Track; Synergies and Diversification Reinforce Resilience
Q1 2026 Earnings Presentation Strategy Execution on Track; Synergies and Diversification Reinforce Resilience Execution momentum continues, with synergies and diversification reinforcing resilience in the current environment UAE Care (Healthcare) UAE Cover (Insurance) International Expand Access and
Slide 15: Segment Review
Segment Review
Slide 16: Care: Broad-Based Volume Growth
Q1 2026 Earnings Presentation Care: Broad-Based Volume Growth Healthcare Outpatient Volumes Inpatient Volumes (in Thousands) (in Thousands) 2,590 +19% +52% 81 53 2,171 Q1 2025 Q1 2026 Radiology Volumes (in Thousands) +5% 525 501 Q1 2025 Q1 2026 Q1 2025 Q1 2026 P. 16 Notes: Care vertical includes Hos
Slide 17: UAE Care: Resilient Volume Growth Across Key Metrics Amid Geopolitical Disruption
Q1 2026 Earnings Presentation UAE Care: Resilient Volume Growth Across Key Metrics Amid Geopolitical Disruption Healthcare Outpatient Volumes Surgeries Volumes (in Thousands) +3% 1,682 +2% 16,467 1,640 16,217 Q1 2025 Q1 2026 Q1 2025 Q1 2026 Inpatient Volumes Bed Occupancy Total of c.5,000 licensed b
Slide 18: UAE Care: Sustained Volume Growth Across Key Activity Metrics
Q1 2026 Earnings Presentation UAE Care: Sustained Volume Growth Across Key Activity Metrics Healthcare UAE Radiology Volumes UAE Lab Volumes (in Thousands) (in Millions) +2% 8.2 +9% 349 8.0 322 Q1 2025 Q1 2026 UAE Prescriptions Dispensed (in Thousands) +6% 755 713 Q1 2025 Q1 2026 Q1 2025 Q1 2026 P.
Slide 19: Upfront Capacity and Service Investments Driving Near-Term Margin Pressure
Q1 2026 Earnings Presentation Upfront Capacity and Service Investments Driving Near-Term Margin Pressure Upfront investments in capacity and services, with margins expected to normalize as utilization scales. Physician Ramp-Up to Enable Service and Capacity Expansion SEHA added 200+ physicians in th
Slide 20: UAE Care: Performance Reflecting Regional Disruption and Regulatory Headwinds
Q1 2026 Earnings Presentation UAE Care: Performance Reflecting Regional Disruption and Regulatory Headwinds Healthcare Revenue (in AED Mn) Commentary 210 • Reported Q1 2026 year-on-year revenue 1 performance was impacted by regulatory 2,938 -7% changes, primarily the Introduction of Unified 2,737 Pu
Slide 21: International Care: Delivering Value-Accretive Growth with High Margins
Q1 2026 Earnings Presentation International Care: Delivering Value-Accretive Growth with High Margins Healthcare Total Patient Interactions1 Revenue (in Thousands) (in AED Mn) +60% +73% 949 2,503 547 1,569 Q1 2025 Q1 2026 Q1 2025 Q1 2026 Commentary • International Care delivered strong Q1 2026 growt
Slide 22: Cover: Resilient Performance
Q1 2026 Earnings Presentation Cover: Resilient Performance Insurance Gross Written Premium Claims Processed Members Insured (in AED M) (in Thousands) (in Millions) +6% 3,833 +1% 3,631 13,886 13,973 +5% 3.4 3.2 Q1 2025 Q1 2026 Q1 2025 Q1 2026 Solvency Ratio % Investment Income (in AED M) +34 pp 185%
Slide 23: Financial Review
Financial Review
Slide 24: Group: Robust Revenue Growth Trajectory with Resilient EBITDA
Q1 2026 Earnings Presentation Group: Robust Revenue Growth Trajectory with Resilient EBITDA Commentary AED Mn Q1 2025 Q1 2026 Δ% • Group Revenue increased 10.4% YoY to AED 7.3bn in Q1 2026, supported by the full-quarter consolidation of Hellenic Healthcare Group, which Revenue contributed AED 785mn
Slide 25: Care: Revenue & EBITDA Growth Supported by Capacity Expansion and International
Q1 2026 Earnings Presentation Care: Revenue & EBITDA Growth Supported by Capacity Expansion and International Healthcare Commentary AED Mn Q1 2025 Q1 2026 Δ% • Care revenue increased 11.1% YoY to AED 5.2bn in Q1 2026, largely supported by international operations. Revenue 4,717 5,240 +11.1% • Patien
Slide 26: Cover: Sustained Revenue Growth with Resilient Earnings
Q1 2026 Earnings Presentation Cover: Sustained Revenue Growth with Resilient Earnings Insurance Commentary • Q1 2026 revenue increased 8.5% YoY to AED AED Mn Q1 2025 Q1 2026 Δ% 2.0bn, supported by gross written premium of AED 3.8bn, up 5.6% YoY, driven by strong renewals, disciplined pricing and ste
Slide 27: Working Capital Discipline and Growth Investment
Q1 2026 Earnings Presentation Working Capital Discipline and Growth Investment AED Mn Q1 2025 Q1 2026 Working Capital Changes Q1 2026 EBITDA 1,133 1,187 (in AED Mn) 1 Change in Net Working Capital (3,300) (2,988) Inventories (100) Other operating activities 1,313 641 Due from related parties (94) Tr
Slide 28: Strong Financial Position Supporting Strategic, Value-Driven Investments
Q1 2026 Earnings Presentation Strong Financial Position Supporting Strategic, Value-Driven Investments Commentary Total Assets (AED Bn) Cash & Bank Balance (AED Bn) Net Debt / EBITDA • The balance sheet remains solid, with total assets of AED 57.3bn, supporting the Group’s 4.7 strategic priorities a
Slide 29: Balanced Approach to Capital Allocation Driving Long-Term Value Creation
Q1 2026 Earnings Presentation Balanced Approach to Capital Allocation Driving Long-Term Value Creation Shareholder Returns Inorganic Growth 1 Disciplined Capital Return Policy Clear Strategy to Drive Value Accretive M&A Target annual cash payout of • Pursuing disciplined M&A and bolt-on acquisitions
Slide 30: Outlook & Guidance
Outlook & Guidance
Slide 31: Medium-Term Strategic and Financial Targets
Q1 2026 Earnings Presentation Medium-Term Strategic and Financial Targets Medium-term targets remain unchanged, supported by resilient execution and confidence in the Group’s growth outlook 2 Revenue International Care: EBITDA CAPEX as % Net Debt Dividend 1 Growth Revenue Share Margin of Revenue / E
Slide 32: Appendix
Appendix
Slide 33: PureHealth’s Contribution to Healthcare in UAE
Q1 2026 Earnings Presentation PureHealth’s Contribution to Healthcare in UAE PureHealth has become the first healthcare provider in the UAE to deploy PillSense, a groundbreaking, non-invasive, ingestible diagnostic system used for the rapid detection of upper gastrointestinal (GI) bleeding that dram
Slide 34: Overview of Our Integrated Portfolio of Healthcare Assets
Q1 2026 Earnings Presentation Overview of Our Integrated Portfolio of Healthcare Assets Care (Healthcare) Cover (Insurance) Hospitals Diagnostics Procurement Technology Health and P&C 1 Q1 2026 Segment Value & Contribution in % Revenue AED 5,516 Mn (60%) AED 281 Mn (3%) AED 1,193 Mn (13%) AED 203 Mn
Slide 35: Breakthrough Complex Care with Strong Clinical Performance
Q1 2026 Earnings Presentation Breakthrough Complex Care with Strong Clinical Performance Selective Dorsal Rhizotomy (SDR) Transplants SEHA in collaboration with Cincinnati Children’s team successfully 4 Liver and 35 Kidney Transplants carried out in 2026 with a performed selective dorsal rhizotomy s
Slide 36: Balance Sheet
Q1 2026 Earnings Presentation Balance Sheet AED Mn FY 2025 Q1 2026 Δ% Total Non-Current Assets 36,657 36,990 1% Right of use assets 12,671 12,363 -2% Intangible Assets 12,568 12,387 -1% Property & equipment 7,397 7,258 -2% Other non-current assets 4,020 4,981 24% Total Current Assets 20,021 20,313 1
Slide 37: Income Statement
Q1 2026 Earnings Presentation Income Statement AED Mn Q1 2025 Q1 2026 Δ% Revenue 6,581 7,262 +10.4% Cost of sales (4,833) (5,584) +15.5% Gross profit 1,748 1,678 -4.0% G&A expenses incl. selling & distribution (1,156) (1,260) +8.9% Finance costs (214) (235) +9.6% Other operating income 183 273 +48.9
Slide 38: Cash Flow Statement
Q1 2026 Earnings Presentation Cash Flow Statement AED Mn Q1 2025 Q1 2026 Δ% Net Profit for the period before tax 561 457 -19% Non-cash Adjustments 593 734 24% 1 Working Capital Changes -3,300 -2,988 -9% Employees’ end of service benefits paid net -49 -48 -1% Other 1,341 686 -49% Net cash, operating
Slide 39: Investor Relations
Investor Relations purehealth.ae/investor-relations ir@purehealth.ae