National Medical Care Co. · TADAWUL:4005
National Medical Care — Q1 2025 Earnings Presentation
21 slides from National Medical Care's earnings presentation, May 14, 2025
Slide 1: Earnings Presentation 1Q 2025
Earnings Presentation 1Q 2025 14 May 2025 | Riyadh, KSA
Slide 2: Performance Highlights and Strategy
Performance Highlights and Strategy Care Medical Earnings Presentation – 14/5/25 2
Slide 3: Operating and Financial Performance Highlights
Operating and Financial Performance Highlights Improved operational efficiency and strong financial performance despite anticipated impact of Ramadan. Al Salam turns profitable as turnaround strategy delivers enhancements ahead of expectations. Revenue 1Q 2025 385 227.2 Total patients 1Q 2025 New fa
Slide 4: Strategic Focus: Expansion, New Services, Efficiency, and Automation
Strategic Focus: Expansion, New Services, Efficiency, and Automation Overview of strategic initiatives New Services Home Healthcare Services Executive Health Check ReLib Mental Health Center Started Home Healthcare Services to increase patient Launched executive health check to raise cash Introduced
Slide 5: Al Salam Hospital
Al Salam Hospital A C-class facility providing a broad range of healthcare services acquired in October 2024. Turned profitable in 1Q 2025 despite anticipated impact of Ramadan on patient traffic. Hospital Overview 44 Acquisition Price Revenue (SAR mn) SAR mn Name: Al Salam Hospital Location: Riyadh
Slide 6: Al Salam Hospital – Turnaround Plan
Al Salam Hospital – Turnaround Plan Care’s comprehensive turnaround strategy is already delivering impressive results Areas of Focus Integration Management Integrate Al Salam into Care’s operating frameworks to boost efficiencies and Hire new management team to lead on turnaround day-to-day manageme
Slide 7: Operating and Financial Performance
Operating and Financial Performance 1Q 2025 Care Medical Earnings Presentation – 14/5/25 7
Slide 8: Operational Trends
Operational Trends Growing patient numbers despite anticipated Ramadan slowdown supported by the successful integration of Al Salam and the ramp-up of the Prince Sultan Military Medical City contract Operational Highlights1,2 Inpatients Admissions Quarterly Trend SAR mn 1Q2025 1Q2024 YoY, % 1Q2025 L
Slide 9: Income Statement
Income Statement Margin improvements at the gross and EBITDA levels supported by company-wide efforts to improve efficiency. Contraction in NPM reflects one-off boost to comparable quarter of last year from Zakat provision reversal. Income Statement Highlights Net Profit Development SAR mn 1Q2025 1Q
Slide 10: Revenue Trends
Revenue Trends Revenue in 1Q 2025 supported by higher patient volumes from GOSI, Al Salam, and the Prince Sultan Military Medical City contract Revenue Development1 Revenue by Business Unit (1Q 2025) (SAR mn) (%) AlBalad branch, 7.0% Haram branch, 0.6% ReLib branch, 0.4% Al Salam branch, 8.3% +29% 6
Slide 11: Costs Overview
Costs Overview Elevated cost of revenues reflects hiring at new facilities and a rise in surgical procedures Total Expenses Breakdown (1Q 2025) Cost of Revenues Breakdown (1Q 2025) (%) (%) Operating expenses, 16.0% +27% Salaries & benefits 61.5% 1Q 2025 YoY 27.9% Medicines & consumables SAR 288mn 1.
Slide 12: Balance Sheet Highlights
Balance Sheet Highlights Strong balance sheet supported by a solid cash reserves Balance Sheet Highlights Cash Conversion Cycle1 Trend SAR mn 1Q2025 4Q2024 YtD, % (Days) Total Non-Current Assets 1,270 1,273 -0% -15% Total Current Assets 1,307 1,229 +6% Total Assets 2,577 2,502 +3% Total Shareholders
Slide 13: Receivables Management
Receivables Management Decline in receivables due to successful settlement and renegotiations with key insurance providers Trade Receivables1 Development Trade Receivables1 Structure (end of 1Q 2025) (SAR mn) (SAR mn) 33.9% Insurance 30.4% -5% MoH & Govt 25.3% GOSI 5.4% 934 Other 10 1 5.1% 891 Cash
Slide 14: Cash Flow Highlights
Cash Flow Highlights Cash flow from operations supported by stronger results Cash Flow Highlights Cash Flow From Operations Development (SAR mn) SAR mn 1Q2025 1Q2024 YoY, % +239% Net Profit before zakat 95 74 +28% Non-cash adjustments 31 28 +1.1x 38 157 Working capital changes 33 (16) N/A 49 Zakat,
Slide 15: Q&A Session
Q&A Session Care Medical Earnings Presentation – 14/5/25 15
Slide 16: Appendix
Appendix Care Medical Earnings Presentation – 14/5/25 16
Slide 17: Operating Performance Overview (1/2)
Operating Performance Overview1 (1/2) Total Patients Trend Surgeries Trend (Thousand patients) (Thousand surgeries) +20% CAGR +11% CAGR 639 742 651 55 532 19 19 20 254 253 261 362 193 16 13 136 339 385 398 427 227 FY20 +47% FY21 +20% FY22 +2% FY23 +14% FY24 FY20 +20% FY21 +19% FY22 +1% FY23 +7% FY24
Slide 18: Operating Performance Overview (2/2)
Operating Performance Overview1 (2/2) Bed Capacity Trend Bed Occupancy Trend (Available beds) (%) +15% CAGR 80.3% 79.2% 1,128 77.6% 349 655 655 655 655 70.8% 459 68.1% 335 335 335 335 320 320 320 320 320 FY20 +0% FY21 +0% FY22 +0% FY23 +72% FY24 FY20 FY21 FY22 FY23 FY24 Rawabi branch Malaz branch Ot
Slide 19: Financial Performance Overview
Financial Performance Overview Total Revenue Trend EBITDA Trend (SAR mn) (SAR mn) +12% CAGR +20% CAGR 377 1,294 1,082 302 809 845 918 243 214 179 FY20 +5% FY21 +9% FY22 +18% FY23 +20% FY24 FY20 +19% FY21 +13% FY22 +24% FY23 +25% FY24 Net Profit Trend Margins Trend (SAR mn) (%) 35.1% +32% CAGR 29.2%
Slide 20: Contacts
Contacts Institutional investor contact Alia Balbaa Investor Relations Director abalbaa@care.med.sa +966-11-418-4488 ext. 322 Investor Relations website https://ir.care.med.sa/ Care Medical Earnings Presentation – 14/5/25 20
Slide 21: Disclaimer
Disclaimer All information included in this document is for general use only and has not been independently verified, nor does it constitute or form part of any invitation or inducement to engage in any investment activity, nor does it constitute an offer or invitation or recommendation to buy or su
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