Emeis · EURONEXT:EMEIS
Emeis — Orpea — Merger or Acquisition (March 2014)
18 slides from Emeis's merger presentation, March 2014
Slide 1: Strategic Acquisition of Silver Care Group in Germany
STRATEGIC ACQUISITION OF SILVER CARE GROUP IN GERMANY Mars 2014
Slide 2: Agenda
Agenda 1. Overview of Silver Care Group 2. German nursing home sector 3. ORPEA strategy in Germany 4. ORPEA after Silver Care acquisition 2
Slide 3: Overview of Silver Care Group
Oveview of Silver Care Group OREA LIFE GOES ON wiITH Us
Slide 4: Silver Care Group: a leading nursing home provider in Germany
Silver Care Group: a leading nursing home provider in Germany Network: 5,963 beds / 61 nursing homes Excellent historic development for dependent elderly 2006–2010 2011–2014 Foundation in 2006 New top management team 2014 revenue target: €200m Rapid growth based on the acquisition of Initiation of t
Slide 5: A network with strong local clusters
A network with strong local clusters A network of 61 facilities / 5,963 beds Facilities currently in operation: 58 facilities (5,673 beds) 2014 opening: 3 facilities (290 beds) Located in attractive Federal States Target high and growing demand states: Lower Saxony, Baden Württemberg , North Rhine-W
Slide 6: Quality leader in Germany
Quality leader in Germany One of the highest single room ratio Quality care leader in Germany 80% of single rooms N°1 large nursing home group in 2012, 2013 and 2014 on quality, according to the MDK national ranking system Key success factor for the long term profitability by: MDK: statutory health
Slide 7: Modern and adapted facilities with friendly environment
Modern and adapted facilities with friendly environment 7
Slide 8: German nursing home sector
German nursing home sector RPEA LIFE GOES ON wiTH Us
Slide 9: Germany: a highly attractive market that suits ORPEA strategy
Germany: a highly attractive market that suits to ORPEA strategy 1 2 3 A complex but favorable Strong growing elderly A secure funding system regionally fragmented population with an of Dependency regulatory environment insufficient, inadequate and fragmented offer A stable tax and social environmen
Slide 10: Regulatory requirements
Regulatory requirements There is no administrative authorization process with quotas as in France, Belgium, Italy, Switzerland, that limit nursing home operators However, granting of nursing care contracts depends primarily on compliance with statutory regulations The following general conditions mu
Slide 11: Sustainable long term market growth
Sustainable long term market growth Strongly growing elderly population: people over 80 will increase by 36% between 2011 and 2020 (+1.6m) Ageing population A strong long term trend: dependent people will double by 2050 (from 2.5m today to 5.0m) Residents are more and more dependent 876,000 beds of
Slide 12: Highly fragmented market
Highly fragmented market Top 10 private operators Market share by type of operator Nbr. of beds1 (‘000) and % of total market Curanum + Phoenix 13,1 1.5% Public ProSeniore 12,1 1.4% 5% CasaReha 9,4 1.1% Non profit 54% Kursana 9,1 1.0% Private (Top 10 providers) Vitanas 7,2 0.8% 9% Other private Mars
Slide 13: A long term secure funding situation
A long term secure funding situation Average daily price setting Secure funding situation Long-term care insurance fund surplus (€bn) 5,5 5,6 4,9 5,0 5,0 4,8 4,8 4,9 5,1 4,8 Paid by local city 4,1 4,2 Investment 3,8 3,4 3,5 3,1 3,2 cost (rent) Paid by Long-term 2,9 15% care insurance (National Healt
Slide 14: ORPEA strategy in Germany
HL il I Mt Trrriile sy LJ 4 Oe ys Are he 4 ” ORPEA strategy in Germany LIFE GOES ON wiTH Us
Slide 15: A strategy dedicated to development, growth and profitability
A strategy dedicated to development, growth and profitability Multiple opportunities to further expand and again double size of the group over next years FURTHER PROFESSIONALIZATION OF FUNCTIONAL SKILLS AND CUSTOMER SERVICE KEEP THE CURRENT EFFICIENT ENSURE CONTINUED TOP STRUCTURES WHILE FURTHER QUA
Slide 16: ORPEA after Silver Care acquisition
ORPEA after Silver Care acquisition
Slide 17: A European network of 51,259 beds
A European network of 51,259 beds on 521 facilities Belgium Germany 58 facilities 61 facilities 6,765 beds 5,963 beds France Switzerland 345 facilities 23 facilities 31,871 beds 2,458 beds Spain Italy 19 facilities 15 facilities 2,649 beds 1,553 beds 17
Slide 18: A strong acceleration of international growth
A strong acceleration of international growth Geographical breakdown of the beds International Belgium Italy 35% 19,388 beds 8% 38% Spain 14% Germany 62% 31% France Switerland 31,871 beds 13% 2014 revenue target upgraded again to €1,930m +20% (+€322m) 18