Singapore Exchange Ltd. · SGX:S68
Singapore Exchange — Health Management International — 2Q FY2019 Earnings Presentation
13 slides from Singapore Exchange's earnings presentation, Feb 11, 2019
Slide 1: 2Q19 Results Presentation
2Q19 Results Presentation 11 February 2019 1
Slide 2: Disclaimer
Disclaimer This is a presentation of general information relating to the current activities of the Health Management International Ltd (“HMI”). It is given in summary form and does not purport to be complete. In addition, the presentation may contain forward-looking statements relating to financial
Slide 3: Key 1Q19 Highlights
Key 1Q19 Highlights 2Q19 YoY 1H19 YoY Growth Growth Strong Revenue 10.9% 8.8% Financial % EBITDA (1.3)% 3.8% Performance Core NPAT(1) (14.9)% (10.6)% (1) Core PATMI (3.6)% 1.0% • Total operational beds : 437 beds (2Q18: 437 beds) Operational • Total patient load : 122.4K patients (↑ 6.8% YoY) Update
Slide 4: Resilient Financial Performance
Resilient Financial Performance Group Income Statement In MYR’000 2Q19 2Q18 %∆ 1H19 1H18 %∆ ❑ 2Q19 revenue increased 10.9% YoY to 10.9% 8.8% MYR 128.6mn due to rising patient load Revenue 128,618 115,987 253,549 233,041 and average bill sizes EBITDA 28,989 29,375 (1.3%) 60,141 57,954 3.8% EBITDA mar
Slide 5: Strong Financial Position
Strong Financial Position Key Balance Sheet Items As at As at ❑ Maintained strong balance sheet with cash position In MYR’000 31-Dec-18 30-Jun-18 of MYR 82.2mn and net debt of MYR 163.7mn as Cash and cash equivalents 82,162 58,891 at 31 December 2018 Trade and other receivables 50,615 45,401 ❑ PP&E
Slide 6: Consistent Patient Load Growth
Consistent Patient Load Growth Patient Load by Type (‘000) Patient Load by Nationality (%) 2.7% 1.5% 1.3% 6.8% 120.1 118.5 115.2 118.5 120.1 122.4 114.6 113.5 113.5 115.2 113.5 114.6 12.2 22% 22% 22% 23% 20% 108.7 113.5 110.5 110.5 11.7 11.6 11.2 11.6 11.7 23% 24% 23% 11.1 11.5 11.2 11.1 11.4 11.6 1
Slide 7: High Revenue Intensity Per Patient
High Revenue Intensity Per Patient Average Inpatient Bill Size (MYR) Average Outpatient Bill Size (MYR) 3.7% 9.4% 7.6% 0.1% 9.2% 6.0% 3.7% 4.8% 8,230 8,228 8,230 7,993 8,228 8,004 225 226 226 222 233 7,713 7,993 213 217 7,374 7,650 7,524 7,650 7,374 7,644 7,524 7,644 206 3Q17 3Q18 4Q17 4Q18 1Q18 1Q1
Slide 8: New Investment in Primary Care
New Investment in Primary Care • Target Group: Plus Medical Holdings Pte. Ltd., (“Target”) which operates 16 primary care clinics in Singapore Transaction • This clinic group, in its initial stages of growth, will primarily use the proceeds received to Summary expand its network of primary care clin
Slide 9: Outlook and Pipeline
Outlook and Pipeline • Investment in new medical technologies such as the Tomotherapy - Radixact X7, further strengthening the service offering at Mahkota Cancer Centre • Further development of Mahkota's COEs and organising marketing and health Updates on awareness initiatives to drive growth Mahkot
Slide 10: APPENDICES
GROUP an ie SE APPENDICES : Advancing Healthcare www.hmi.com.sg ARTE Changing lives
Slide 11: Income Statement - 2Q18 vs 2Q19
Income Statement - 2Q18 vs 2Q19 Income Statement ❑ Revenue: Increased 10.9% YoY to MYR 128.6mn In MYR’000 2Q19 2Q18 %∆ driven by higher patient load and average bill Revenue 128,618 115,987 10.9% sizes at the two hospitals Cost of services (82,434) (73,205) 12.6% ❑ Gross Margin: Declined to 35.9% as
Slide 12: Income Statement - 1H18 vs 1H19
Income Statement - 1H18 vs 1H19 Income Statement In MYR’000 1H19 1H18 %∆ ❑ Revenue: Increased 8.8% YoY to MYR 253.5mn driven by higher patient load and average bill Revenue 253,549 233,041 8.8% sizes in the two hospitals Cost of services (163,205) (149,631) 9.1% Gross profit ❑ Gross Margin: Remained
Slide 13: Thank You
Investor and media relations Mr. Kamal Samuel Mr. James Bywater Mr. Mattias Chia ir@hmi.com.sg THANK YOU Tel: (65) 6438 2990 13 13
Health Management International — 2Q FY2019 Earnings Presentation on 6ix