Slide 1: Company Presentation
Company Presentation May 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 participations 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 lan
Slide 3: The Swiss healthcare market
The Swiss healthcare market • Switzerland has the second highest hospital bed coverage in the world Large and growing • Swiss healthcare spending approx. CHF 65bn or 11% of total Swiss GDP market • Constant market growth of 3.5% to 4.0% p.a. since 1996 • Demographic evolution increases orthopaedic a
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: 2012 Highlights
2012 Highlights Growth strategy successfully continued with the integration of another 4 clinics Turnover tops CHF 340m for the first time EBITDA strongly improved on 2HY2012 to 13.5% New holding structure established after integration of real estate facilities Financing capacities enlarged by issue
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 (as of June 2013) Olivi
Slide 9: History – the creation of AEVIS
Cross‐participation 20% share exchange History – the creation of AEVIS GSMN Zurich‐Pyramide 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 Third party Clinica Ars Medica 75 30 180 SHP Clinica Sant’Anna 80 90 220 SHP Clinique Générale 60 80 1
Slide 11: Clinic operations – national coverage and regional presence
Clinic operations – national coverage and regional presence Clinique Générale Privatklinik Obach Privatklinik Lindberg Fribourg Solothurn Winterthur Clinique de Genolier Privatklinik Bethanien Genolier Zurich Hôpital de la Pyramide am See (20%) Providence, Neuchâtel Zurich Centre Médical des Cliniqu
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: Value development: Buy, Invest, Reap
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 Clinic Value development 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: 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: 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: 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 stay COMPANY PRESENTATION I 24
Slide 25: Other investments – Nescens
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: AEVIS – key financials (Swiss GAAP FER)
AEVIS – key financials (Swiss GAAP FER) In CHF '000 2012 2HY2012 1HY2012 2011 Key figures P&L Total revenue 344'406 182'603 161'803 200'818 EBITDA 39'968 24'608 15'360 24'026 margin 11.6% 13.5% 9.5% 11.9% EBIT 16'741 11'304 5'437 8'253 margin 4.9% 6.2% 3.4% 4.1% Profit for the year 3'325 2'466 859 4
Slide 30: Annual Results 2012: Income Statement
Annual Results 2012: Income Statement In CHF '000 2012 2011 Main growth drivers were clinic acquisitions Total revenue 344'406 200'818 Internal growth rate was 5.7%. growth 172% n/a Integration of SHP had only a minor EBITDA 39'968 24'026 margin 12% 12% impact on the achieved turnover, due Depreciat
Slide 31: Annual Results 2012: Balance Sheet
Annual Results 2012: Balance Sheet In CHF '000 31.12.2012 31.12.2011 Strong increase of asset base to CHF 734m (clinics in Key figures balance sheet Assets Lugano, Solothurn and SHP Total current assets 135'762 76'028 portfolio) Total non current assets 598'686 100'855 New debt from SHP is purely To
Slide 32: AEVIS share and distribution proposal
AEVIS share and distribution proposal Share price performance January – December 2012 (Low: CHF 17.35 ‐ High: CHF 31) Distribution of CHF 0.30 per share from capital contribution reserves • Total of CHF 3.8m First payout in the Group’s history since its listing in 1999 PRESENTATION RESULTS HY‐12 I 3
Slide 33: AEVIS – outlook 2013
AEVIS – outlook 2013 Revenue forecast 2013 of more than CHF 450m • based on both internal growth and the new acquisitions already realised in 2013 AEVIS will focus on continuing the growth strategy of GSMN and evaluate further opportunities in the medical real estate market AEVIS plans to extend its
Slide 34: Further development potential
Further development potential • New long‐term outsourcing contracts have been recently closed with Synlab and Dosim (lab and cleaning) • Further process optimisations are continuously being explored such as GSMN regarding uniform laundry services for the entire group • Size effects such as increased
Slide 35: 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 36: Financial Calendar
Financial Calendar May 2013 ‐ Publication of 1Q2013 Turnover 05.06.2013 ‐ Ordinary General Shareholders Meeting for 2013 30.09.2013 ‐ Publication of Half Year Results 2013 November 2013 ‐ Publication of 3Q2013 Turnover AEVIS Holding SA Media & Investor Relations c/o Clinique Générale Ste‐Anne c/o Dy
Slide 37: 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