Rajthanee Hospital Public Company Limited · SET:RJH
Rajthanee Hospital Public — Q3 2020 Earnings Presentation
28 slides from Rajthanee Hospital Public's earnings presentation, January 2021
Slide 1: Rajthanee Hospital 3Q 2020 Result
Rajthanee Hospital Public Company Limited 3Q 2020 Result
Slide 2: Agenda
Agenda 1. Summary and Updates 4 2. Business Overview 6 3. Financial Performance 12 4. Strategies & Future Projects 24 2
Slide 3: Disclaimer
Disclaimer The information contained in this presentation is for information purposes only and does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for share in Rajthanee Hospital Public Company Limited (“RJH” and shares in RJH, “s
Slide 4: Summary and Updates
01 Summary and Updates
Slide 5: Executive Summary
Executive Summary Our History Rajthanee Hospital Public Company Limited (“RJH”) was established in 1990 and commenced its operations in 1992 under the management of experienced physicians. Most of which graduated from Siriraj , one of Thailand’s best medical school. Business Overview 2 private gener
Slide 6: Business Overview
02 Business Overview
Slide 7: Business Characteristics
Business Characteristics Rajthanee Hospital (RJH) Rajthanee Rojana Hospital (RRH) 7 Rajthanee Hospital Public Company Limited Rajthanee Rojana Hospital Company Limited Registered hospital beds 253 beds Registered hospital beds 100 beds Beds in service 249 beds Beds in service 39 beds OPD units 63 ro
Slide 8: No.1 Hospital in Ayutthaya
No.1 Hospital in Ayutthaya Ayutthaya Province: • Large population and economy with increasing healthcare spending • Locations of major industrial estates and industrial parks: 3 industrial estates: Ban Wa (Hi-Tech) Industrial Estate, Bang Pa-in Industrial Estate and Saha Rattana Nakorn Industrial 5
Slide 9: Social Security Sector's Outlook
Social Security Sector’s Outlook Number of Insured Persons of Sector 33 & 39 (unit : million) 4.290 • Contributing 2.80% of the nationwide number (13 million) • Ranked 8th out of 77 provinces 0.860 0.810 0.530 0.482 0.467 0.421 0.355 0.319 0.289 Bangkok Samut Chon Buri Pathum Thani Samut Rayong Nont
Slide 10: Ayutthaya's Social Security Insurers
Ayutthaya’s Social Security Insurers Insured Persons (S 33 + S 39) RJH's Insured Persons RJH Market Share % 379,287 372,560 362,798 354,979 353,862 353,147 54% 46% 50% 45% 41% 43% 2015 2016 2017 2018 2019 Oct-20 Source: Social Security Office ; data as of October 31, 2020 10
Slide 11: Revenue Structure under Social Security Scheme
Revenue Structure under Social Security Scheme Social Security Revenue 1 2 3 Per Special Fixed Capitation Payment Statistics-based Payment Medical Services • High Cost Equipment • Dental work • Checkup Base Payment IPD OPD • One-Day surgery 1,640 THB / Head / Year (High Cost Care) RW > 2 26 Chronic
Slide 12: Financial Performance
03 Financial Performance
Slide 13: Revenue Breakdown By Patient Type
Revenue Breakdown By Patient Type 30% 38% OPD 41% 40% 3Q 2019 3Q 2020 IPD THB 460.5 million THB 513.6 million SW 21% 30% 13
Slide 14: Hospital Revenue
Hospital Revenue Revenue from Hospital Operations (THB Million) Non SW Revenue Social Security Revenue 1,329 1,354 574 583 +11.5% (y-o-y) +30.7% (q-o-q) 514 461 447 393 756 770 210 186 196 177 275 251 303 216 9M19 9M20 3Q19 1Q20 2Q20 3Q20 14
Slide 15: Non-SW Income by Month
Non-SW Income by Month Revenue Change by Month (THB Million) Remark : Not included Covid test income 110.0 100% 2019 100.0 2020 80% 90.0 % YOY 60% 80.0 40% 70.0 14% 20% 60.0 6% 50.0 0% -10% -15% -13% -14% -17% -21% 40.0 -30% -20% 30.0 -40% Jan Feb Mar Apr May Jun Jul Aug Sep 15
Slide 16: OPD - Non SW Patients
OPD - Non SW Patients Revenue from OPD Non SW Patients (THB Million) OPD Non SW Covid +41.2% (y-o-y) 99.1 +48.7% (q-o-q) 385 352 66.9 32.2 138 125 128 99 9M19 9M20 3Q19 1Q20 2Q20 3Q20 Number of Visits /1 and Revenue per Visit Non-SW OPD visits ('000 visits) Revenue per Visit (THB/Visit) 1,812 1,781
Slide 17: OPD Utilization Rate – All Sectors
OPD Utilization Rate – All Sectors OPD Capacity (Units) & Utilization Rate (%) /1 OPD units Hemo Units % Utilization 80.7% 82.7% 80.2% 69.6% 69.6% 59.7% 125 128 128 115 116 119 53 55 55 47 47 50 68 72 69 69 73 73 9M19 9M20 3Q19 1Q20 2Q20 3Q20 /1 Include visits among the group 17
Slide 18: IPD – Non SW Patients
IPD – Non SW Patients Revenue from IPD Non SW Patients (THB million) 370 320 -20.5% (y-o-y) +28.5% (q-o-q) 137 126 109 85 9M19 9M20 3Q19 1Q20 2Q20 3Q20 Number of Visits /1 and Revenue per Visit Non-SS IPD Visit ('000 visits) Revenue per Visit (THB/Visit) 41,705 39,307 38,311 38,736 35,945 35,418 10.
Slide 19: IPD Utilization Rate – All Sectors
IPD Utilization Rate – All Sectors IPD Capacity (Beds) /1 & Utilization Rate (%) /2 Beds % Utilization 80.3% 75.8% 71.4% 61.6% 63.3% 50.3% 280 278 288 274 252 256 9M19 9M20 3Q19 1Q20 2Q20 3Q20 /1 Average of the period /2 Include visits among the group 19
Slide 20: Social Security Insurers
Social Security Insurers Average Insured Persons (‘000 persons) RJH RRH 193.8 193.1 194.5 193.8 186.9 188.4 33.6 28.0 32.7 34.2 33.8 26.4 160.5 160.2 160.4 160.4 160.3 160.0 9M19 9M20 3Q19 1Q20 2Q20 3Q20 20
Slide 21: Social Security Revenue
Social Security Revenue Social Security Revenue (THB Million) 574 583 Extra revenue from Y2019’s chronic cases 186 196 210 177 9M19 9M20 3Q19 1Q20 2Q20 3Q20 Revenue per Average Insured Persons (THB/Head) 3,069 3,011 986 1,015 1,085 912 9M19 9M20 3Q19 1Q20 2Q20 3Q20 21
Slide 22: Gross Margin
Gross Margin Gross Profit • Extra revenue from Y2019’s chronic cases • High margin of Covid test Gross Profit % Gross Profit Margin • Fewer visit of SW patients 35.6% 32.1% 32.6% 31.6% 31.9% 29.6% 426 442 183 146 143 116 9M19 9M20 3Q19 1Q20 2Q20 3Q20 22
Slide 23: Net Profit
Net Profit Net Profit (THB Million) & Net Profit Margin (%) Net Profit (excl. extra items) Extra Income / (Expense) % Net Profit Margin (excl. extra items) 54 23.4% 19.5% 20.0% 19.4% 19.0% 16.6% 260 271 120 89 85 65 (3) (2) (0) 9M19 9M20 3Q19 1Q20 2Q20 3Q20 • Extra Expenses / Income : • 1Q 2019 : va
Slide 24: Strategies & Future Projects
04 Strategies & Future Projects
Slide 25: New Hospitals: Rajthanee II Hospital
New Hospitals Rajthanee II Hospital Size & • 120-bed hospital located nearby existing hospitals Location • Targeted only social security patients with quota of max 100,000 insured persons Investment • Green field project with estimated investment cost of THB 400 million (not & included land which cu
Slide 26: New Hospitals: Rajthanee Nongkhae
New Hospitals Rajthanee Nongkhae Size & • 120-bed hospital located in Nongkhae district, Saraburi near WHA industrial estate Location • Targeted cash and social security patients with quota of max 100,000 insured persons Investment & • Green field project with estimated investment cost of THB 450 mi
Slide 27: Slide 27
Slide 28: Thank You
Q&A Thank You Rajthanee Hospital Public Company Limited 111 Moo 3, Khlong Suan Phlu Sub-district, Phra Nakhon Si Ayutthaya District, Phra Nakhon Si Ayutthaya Province, Thailand 13000 Tel: (+66) 3533-5555-71 For further information & enquiries, please contact our investor relations at: Manassa Lertdu
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