Vibhavadi Medical Center Public Co. Ltd. · SET:VIBHA
Vibhavadi Medical Center Public — Q4 2022 Earnings Presentation
33 slides from Vibhavadi Medical Center Public's earnings presentation, Apr 3, 2023
Slide 1: Vibhavadi Medical Center Q4/2022
VIBHAVADI scone CENTER MNT). Q4/2022 eG -EEERPEEEEEEEEEE hehe Be Aaa 744% = ss a Le ee es BB " aaa
Slide 2: Disclaimers
DISCLAIMERS The information contained in this presentation is for information purposes only. This presentation contains forward looking statements which reflect management’s current views and estimates. The forward-looking statements involve certain risks and uncertainties that could cause actual re
Slide 3: Table of contents
Table of contents Business Overview Q4/2022 Review Financial performance and operational statistics Upcoming trends
Slide 4: History
HISTORY 2003 2011 1986 1992 2009 2022
Slide 5: Business Overview
0 BUSINESS OVERVIEW
Slide 6: VIBHA Overview
VIBHA OVERVIEW Number of Number of VIBHA NETWORK Company hospitals beds
Slide 7: Medical Operation
MEDICAL OPERATION Accident and Emergency Department Ea Op) Eye and LASIK Center @ Pediatrics Hemodialysis ¢ a vy¥ Obstetrics and Gynecology Neurology + Orthopedic Surgery Dental Center Surgery Gastrointestinal Center (Gl)
Slide 8: Company's subsidiaries
COMPANY’S SUBSIDIARIES Name Abbreviation Status Business Ownn ship Shareholder she peel ssO Vibhavadi Hospital VIBHA Parent 100.00 - - 400 N Lanna Hospital LANNA 83.55 VIBHA 83.55 330 Y Chiangmai Ram Hospital CMH 47.09} LANNA 56.37 220 N Theppanya Hospital 1&2 | TPY Hospital 47.09| CMH 64.74 170| Y
Slide 9: Company's associates
COMPANY'S ASSOCIATES % Name Abbreviation Status Business Ownership Shareholder Share of Beds ssO Vibharam Hospital VBR 33.85 VIBHA 33.85 1,000+ Y Bangpo General Hospital BANGPO 28.57 VIBHA 28.57 100 N aay KL ; Hospital 11.99] CMH 25.44 100! N Maesot-ram Hospital Pw 2 23.54 TPY 50.00 100 N Chiangrai
Slide 10: Geographic locations
GEOGRAPHIC LOCATIONS Chiangmai Ram Hospital : CMH Theppanya Hospital (1&2) : TPY Hariphunchai Ram Hospital : HARI Khelangnakorn-ram Hospital : KL Chiangrai Inter Hospital : WCH ‘\ l Lanna Hospital : LANNA “Le Maesot-ram Hospital : PX Vibhavadi Hospital : VIBHA Bangpo General Hospital : BANGPO (Assoc
Slide 11: Patient mix diversification
Patient mix diversification Medical Sophistication Secondary Tertiary Super Tertiary International Target Patients / Purchasing Power income High income Middle SSO & UCEP
Slide 12: Share Holding Structure
SHARE HOLDING STRUCTURE Name % of Shareholding 1 F&S 79 COMPANY LIMITED 15.35% 2 MR. CHAISITH VIRIYAMETTAKUL 15.00% 3 SYNPHAET HOSPITAL COMPANY LIMITED 8.84% 4 RAMKHAMHAENG HOSPITAL PUBLIC COMPANY LIMITED 7.09% 5 CHAO PHYA HOSPITAL PUBLIC COMPANY LIMITED 5.93% 6 MR. PISUTH VIRIYAMETTAKUL 4.34% 7 VIB
Slide 13: Q4/2022 Overview
\ 04/2022 > overnew WZ
Slide 14: Q4 Y2022 Financial Data
04 Y2022 FINANCIAL DATA V 22.9% 2,580 1,991 V 53.0% V 67.6% 1,086 746 511 242 a = Total Revenue EBITDA Net Income* Q4Y2021 = Q4Y2022 % Change of Patient Number Company OPD IPD VIBHA - 35.5% + 37.3% CMRGroup + 15.9% + 9.5% VBR Group - 17.5% - 53.7% Total Revenue PPS 0.0%, BDC 1.5%, MDC 0.0%, VP 1.0%
Slide 15: 12M Y2022 Financial Data
12M Y2022 FINANCIAL DATA A 15.0% 9,057 7,874 V 6.3% v 19.0% 2,938 2,754 iL 1,951 1.580 Total Revenue EBITDA Net Income* 12M Y2021 12M Y2022 Company % Change of Patient Number OPD IPD VIBHA qP 7.8% + 35.5% CMRGroup + 20.9% + 29.1% VBR Group - 3.8% + 15% Total Revenue PPS 0.9% BDC 1.4% MDC 0.0% VP 0.8
Slide 16: Financial Performance Trends
FINANCIAL performance trends
Slide 17: Financial performance and operational statistics
Financial performance and operational statistics
Slide 18: Revenue component – consolidated (by type of service)
Revenue component – consolidated (by type of service)
Slide 19: Net profit component – consolidated (by source)
Net profit component – consolidated (by source)
Slide 20: Share profit for associates
30.10 Covid-19 1 Wave (105.18) SHARE PROFIT FOR ASSOCIATES (115.42) Covid-19 3rd Wave 407.63 QI ¥2020 Q2 ¥2020 Q3 ¥2020 Q4 2020! QI Y2021 Q2 2021 Q3 2021 30.31 (3.73) 0.88 2.02 0.61 0.00 (91.09) (9.77) (0.03) (1.66) (2.62) 0.00 (85.55) (33.49) 2.56 2.66 (1.60) 0.00 t 126.25 | (2.62) ! I 2. 79 3.60 |
Slide 21: Dividend
Dividend PERIOD Quarter 1 Quarter 2 Quarter 3 Quarter 4 Total Year 2020 VIBHA 11.16 45.34 34.88 35.83 127.22 CMR 31.36 2.34 15.65 15.52 64.87 CONSO 42.52 47.68 50.54 51.35 192.09 Year 2021 VIBHA 24.23 56.69 34.37 160.81 276.10 CMR 31.32 3.45 15.94 15.63 66.34 CONSO 55.55 60.14 50.31 176.43 342.43 Ye
Slide 22: Dividend income source
Dividend income source PERIOD Q1 2021 Q2 2021 Q3 2021 Q4 2021 Y 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Y 2022 RAM 55.27 0.00 28.28 28.94 112.49 49.41 14.91 40.20 40.22 144.74 SKR 0.00 24.19 0.00 0.00 24.19 0.00 36.77 24.51 0.00 61.28 TNH 0.00 0.00 0.00 10.06 10.06 0.00 0.00 0.00 16.60 16.60 BCH 0.00 0
Slide 23: VIBHA - Net investments in 2022
VIBHA - NET investments in 2022
Slide 24: VIBHA - Total investments (in SET) as of Dec 2022
VIBHA - total investments (in set) as of DEC 2022
Slide 25: VIBHA - Total investments (not in SET) as of Dec 2022
Vibha - Total investments (not in set) as of DEC 2022
Slide 26: Patient trends (VIBHA+CMR)
PATIENT TRENDS (VIBHA+CMR) 394 Thousands i Thousands 326 400 : 248 260 300 308 28 212 222 250 300 | a 200 «=| 150 u 100 100 oe 0 ! () Qi Q2 Q3 Q4 1 Qi Q2 Q3 4 ==Y2019 2020 mmmY2021 =O=Y2022— | =—=¥2019 = -Y2020 mmmY2021 =O=Y2022 Thousands Thousands 22 21 1 8 7 8 20 9 6 6 20 3 6 1 1 : 5 a 10 5 ! 2 r)
Slide 27: Financial Data
FINANCIAL DATA (Unite: Millon Baht Assets 15,446 15,547 19,630 21,175 28,427 30,923 Liabilities 6,079 6,172 9,258 10,441 13,170 12,713 Equity (attributable to owners 7,013 7,107 7,789 8,171 12,184 14,392 of the parent) PERIOD Q4/2017 Q4/2018 Q4/2019 Q4/2020 Q4/2021 Q4/2022 Revenue 1,665 1,661 1,786
Slide 28: Financial Ratio
FINANCIAL RATIO ROA (%) ROE (%) 12.58 10.25 10.86 5.64 17.74 9.96 Net Profit (%) 17.00 13.18 14.45 8.50 24.78 17.34 Market Cap. (MB) 33,784 26,399 23,744 19,657 35,840 36,384 P/E 40.12 31.40 31.50 67.71 24.95 27.50 P/BV 4.96 3.70 3.12 2.60 3.50 2.53 BOOK) allie | Pemsnate 0.52 0.54 0.58 0.57 0.75 1.
Slide 29: Upcoming Trends
~ UPCOMING TRENDS
Slide 30: Upcoming hospital expansion projects
Y2026 - Thonburi Rangsit Hospital Y2025 VBR – Onnut - VBR Amata 2 (Pan (250 beds), 1,800MB Thong) Y2024 VBR – Borwin (150 beds), 1,000MB - VBR Rayong Y2023 VBR – Laemchabang OPD building & Parking building, 400MB
Slide 31: Future trends
Future trends
Slide 32: What to expect
What to expect NEXT QUARTER NEXT YEAR
Slide 33: Thanks!
Thanks! Vibhavadi Hospital +66 2 561 1111 corporateaccounting@vibhavadi.com www.vibhavadi.com www.facebook.com/hospital4 @VibhavadiHospital
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