Thomson Medical Group Ltd. · SGX:A50
Thomson Medical — Shareholder Meeting (September 2023)
17 slides from Thomson Medical's shareholder meeting presentation, Sep 20, 2023
Slide 1: Thomson Medical Group Limited Extraordinary General Meeting 2023
Confidential THOMSON MEDICAL GROUP LIMITED Extraordinary General Meeting 2023 Singapore Date: Wednesday, 20 Sep 2023 Time: 10.00 a.m.
Slide 2: Disclaimer
Disclaimer NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION. THIS ANNOUNCEMENT SHALL NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY SECURITI
Slide 3: In the Right Market, Target, Time; SEA footprint; About Thomson
Strictly Private & Confidential 1. In the Right Market 2. With the Right Target 3. At the Right Time 4. Expanding TMG’s SEA footprint 5. About Thomson 6. Where we are going
Slide 4: Vietnam is One of SEA's Fastest-Growing Healthcare Geographies
The Right Market Vietnam is One of SEA’s Fastest-Growing Healthcare Geographies Healthcare Expenditure Healthcare Expenditure GDP Population (Mn)(1) per Capita per Capita (USD)(1) CAGR 2017–2022 (%) CAGR 2017-2022 (%) 2,048 8.6% 9.2% 276 Singapore Vietnam Vietnam Indonesia 221 7.6% 7.3% 116 Thailand
Slide 5: FV Hospital: A world-class healthcare delivery platform in Vietnam
The Right Target FV Hospital: A world-class healthcare delivery platform in Vietnam Snapshot of the Target Group’s Network Target Group overview FV Hanoi City • Years in operation: 20+ Hospital • Location: District 7, Ho Chi Minh City 1 ACC Clinic (“Hanoi Clinic”) • Modern multi-specialty private te
Slide 6: Premier Platform with Comprehensive Tertiary Offerings
The Right Target Premier Platform with Comprehensive Tertiary Offerings complemented by Strong Expansion Plan and Reputed Doctors First JCI Accredited general hospital in South Vietnam. 3 consecutive JCI Accreditations, Underpinning the Premium Quality of Care Provided Across FV’s Platform Key CoEs
Slide 7: Strong and Sustained Financial Performance
The Right Target Strong and Sustained Financial Performance Revenue (SGD mn)(1)(2) EBITDA (SGD mn)(1)(2) PAT (SGD mn)(1)(2) 30 .0 30 .0% 35 .0 30 .0% 25 .0 20 .0% 20.6% 21.4% 24.0% 18.3% 14.1% 110.1 30 .0 20 .0% 11.8% 11.6% 8.7% 87.0 87.1 26.4 20 .0 10 .0% 83.8 10 .0% 25 .0 - 15.5 18.6 15 .0 - 17.9
Slide 8: Purchase Consideration and Transaction multiple
Purchase Consideration and Transaction multiple Purchase Consideration USD mn SGD1 mn Initial Consideration 359.6 487.5 Earnout Consideration 21.8 29.6 Total Consideration 381.4 517.1 Transaction multiple USD mn SGD mn Initial Consideration 359.6 487.5 Price Adjustment (as stated in the SPA) (31.1)
Slide 9: Exceptional Track Record of Value Creation
Exceptional Track Record of Value Creation 23x revenue growth and +2,560bps margin expansion and 20+ years of profitability Key Investment by Quadria Proactive Handling Relatively Stable Drivers Funding Growth Initiatives of Covid Pricing Strategy Value Creation in relation to Patient Profile includ
Slide 10: FVH: Expansion via Building H
FVH: Expansion via Building H Positions FV Group to meet increasing future demand and is a key future growth driver Source: FV Information Strictly Private & Confidential 10
Slide 11: Transformational Acquisition Significantly Increases Financial Scale
The Right Time for TMG Transformational Acquisition Significantly Increases Financial Scale Licensed Beds(1) Revenue (SGD mn)(2) EBITDA (SGD mn)(2) +44% +31% +22% (3) 230 110 23 757 466 126 356 103 527 TMG Target Group Pro Forma TMG Target Group Pro Forma TMG Target Group Pro Forma Notes: (1) Based
Slide 12: Acquisition Drives Geographical and Revenue Diversification
The Right Time for TMG Acquisition Drives Geographical and Revenue Diversification Growing ASEAN Footprint leading to… Revenue Diversification Vietnam(1) 1 FV Hospital 1 FV Clinic Vietnam 4 ACC Clinics Singapore 24% 56% SGD466 mil (2) Thomson Hospital Malaysia(1) Kota Damansara (“THKD”) 1 Hospital 1
Slide 13: Adding to TMG's Strong Track Record
Adding to TMG’s Strong Track Record 100% ▪ One of the largest private providers of healthcare services for women and children in Singapore ▪ 37 clinics and centres today compared to 16 in 2010 S$260m FY23 Revenue ▪ Multi-disciplinary healthcare company listed on ~70% Bursa Malaysia ▪ Operates Thomso
Slide 14: Adding to TMG's Strong Track Record: Group financial highlights
Adding to TMG’s Strong Track Record Group financial highlights S$355.8m S$103.3m 29.0% S$41.1m 11.6% S$286.6m FY23 revenue FY23 EBITDA FY23 EBITDA margin FY23 PAT FY23 PAT margin FY23 cash position (vs. S$333.7m in (vs. S$109.7m in (vs. 32.9% in FY22) (vs. S$58.6m in (vs. 17.6% in FY22) (vs. S$161.6
Slide 15: Key Milestones of TMG
Key Milestones of TMG Established in Singapore since 1979 and Malaysia since 1994, TMG has built one of the leading healthcare services platforms for women and children Established Delivered Listing of Thomson Delisting of TMCL Re-listing of TMG on Launched Thomson Medical Singapore’s first Medical
Slide 16: TMG Going Forward: Firing on all Cylinders
TMG Going Forward: Firing on all Cylinders • Strategic high-value healthcare markets • Markets offering high growth potential, especially leveraging the Group’s Regional stronghold in Singapore, Malaysia and Vietnam Expansion • A localised approach to each market to maximise each geography’s unique
Slide 17: Thank You!
Strictly Private & Confidential THANK YOU! Thomson Medical Group Limited 101 Thomson Road #20-04/05 United Square Singapore 307591
Thomson Medical Group — Shareholder Meeting (September 2023) on 6ix