Specialized Medical Company · TADAWUL:4019
Specialized Medical — FY2025 Earnings Presentation
30 slides from Specialized Medical's earnings presentation, Mar 12, 2026
Slide 1: Specialized Medical Company (SMC Healthcare) FY 2025 Results Presentation
Specialized Medical Company (SMC Healthcare) FY 2025 Results Presentation March 12, 2026
Slide 2: Disclaimer
Disclaimer This presentation contains statements that are, or may be deemed to be, forward looking statements, including statements about the beliefs and expectations of Specialized Medical Company (SMC Healthcare or SMC) (the "Company") . These statements are based on the Company’s current plans, e
Slide 3: Today's Presenters
Today’s Presenters Mr. Bassam Mr. Hani Mr. Sadiq Ali Al -Ali Chahine Charani Director of Investor Relations Chief Executive Officer Chief Financial Officer & Board Secretary 30 Years of Experience 34 Years of Experience 17 Years of Experience 25 Years at SMC 21 Years at SMC 1 Year at SMC 3
Slide 4: Agenda
Company Overview & Strategic 1 Updates 2 Q4 & FY 2025 Performance Agenda 3 Outlook 4 Appendix 4
Slide 5: Company Overview & Strategic Updates
Company Overview & Strategic Updates 5
Slide 6: SMC Healthcare Is a Leading Integrated Healthcare Provider
SMC Healthcare Is a Leading Integrated Healthcare Provider w ith Comprehensive Services Covering the Entire Healthcare Value Chain SMC Healthcare operates two hospitals with more than 320 clinics, a range of ancillary services including home healthcare, diagnostics and patient support, all of which
Slide 7: Medical Services Overview
Medical Services Overview SMC prioritized outpatient¹ and higher -margin acute services . The transition is now substantially complete, with 57 high - demand outpatient clinics already rolled out, following the repurposing of space previously dedicated to long -term care (LTC) Strategic shift beds .
Slide 8: Key Highlights – FY 2025
Key Highlights – FY 2025 Generated Net profit The Board Post -period, Investment in record net reached a recommended SMC Clinics in the Al Wadi revenue of SAR record SAR the Company’s Al Malqa Real Estate 1,538.5 million 266.2 * million in first ever commenced Fund, supporting in FY 2025, up FY 2025
Slide 9: Creating Value for Shareholders
Creating Value for Shareholders Shareholder Returns and Dividend Distribution Sx $80 M Net Debt / EBITDA 0.7 x YoY SMC Board of Directors recommended distribution of an SAR 80 million ordinary cash the dividend for the financial year 2025 , representing Cash the first ordinary dividend since the Com
Slide 10: Launch of a New Outpatient Clinic Center SMC Clinics in Northwest Riyadh
Launch of a New Outpatient Clinic Center “SMC Clinics” in Northwest Riyadh Offering a Comprehensive Range of Specialties Post -period, SMC opened and commenced operations of SMC Clinics, its first outpatient clinic center, broadening access to specia lized care and reaching a wider segment of patien
Slide 11: Advancing Strategic Growth Projects and Funding Initiatives
Advancing Strategic Growth Projects and Funding Initiatives Al Wadi Real Estate Fund Investment • During Q 4 2025 , SMC invested in the the Al Wadi Real Estate Fund by contribut ing a 4 ,210 sqm land plot, fair valued at approximately $100 million, as an in-kind equity stake in the fund This will su
Slide 12: Core Growth Strategy Centered Around Northern Riyadh with Three New Hospitals
Core Growth Strategy Centered Around The Expanding Northern Riyadh Region with Three New Hospitals and One Polyclinic Long Term Strategy New Healthcare Facilities (~ SAR 3 bn in CAPEX) to be Financed through a Combination of Debt and Internal Cash Flows 2026 202 8 2028 2029 SMC Clinics (Launched) SM
Slide 13: Q4 & FY 2025 Performance
Q4 & FY 2025 Performance 13
Slide 14: Outpatient and Acute Care Growth Driving Strategic Transition
Outpatient and Acute Care Growth Driving Strategic Transition and Offsetting the Impact of LTC Capacity Reductions Shift Toward High -Performing Acute Specialties and Outpatient Expansion Gaining Strong Momentum Successful transition into higher - 1 margin services as LTC capacity was Inpatient Reve
Slide 15: Operational Shift and Outpatient Ramp-up Support Strong FY 2025 Performance
Operational Shift and Outpatient Ramp -up Support Strong FY 2025 Performance Outpatient expansion drove revenue growth SAR million Q4 Q4 Variance FY FY Variance ▪ Revenue grew by 7.0 % YoY to SAR 1.5 billion in FY 2025 , supported (unless stated otherwise) 2025 2024 (YoY) 2025 2024 (YoY) by strong o
Slide 16: Record FY 2025 Results as Strong Fourth Quarter Closes Year
Record FY 2025 Results as Strong Fourth Quarter Closes Year of Outpatient Expansion and Strategic Shift FY 24 vs. FY 25 Q3 25 vs. Q4 25 Revenue Growth Reflecting Outpatient 7.0 % Expansion and Acute Care Mix Net Revenue FY’24 – FY’25 6.3 % (SAR mn) Revenue grew by 7.0 % YoY in FY 2025 , driven by th
Slide 17: Strengthened Balance Sheet and Improved Liquidity
Strengthened Balance Sheet and Improved Liquidity FY 2025 Highlights 1.4x 44.9 % Leverage decreased to 1.4 x from 2.3x as of FY 2024 Net Debt / EBITDA Debt / Equity 0.9x YoY 32 .2pp YoY Outstanding debt reduced by 16.4% while cash and cash equivalents increased by 30 .0 % Receivables cycle shortened
Slide 18: Outlook
Outlook 18
Slide 19: FY 2026 Guidance
FY 2026 Guidance SMC introduces 2026 outlook following strong financial results and sustained strategic execution in a transitional year. FY 2025 Actual FY 2026 Guidance Results (excluding $60.6 million one -off gain) Operations Financials SAR 355.9 mn SAR 1.6 bn - 1.7 bn c. 23 % - 25 % SAR 1.5 bn
Slide 20: Thank You
easilet 7 nae PELLETED LTE | ana “i smess = par smc a Hospital sasitimo | Thank You
Slide 21: Q&A
Q&A 21
Slide 22: Appendix
Appendix 22
Slide 23: SMC at a Glance
SMC at a Glance 2 581 323 Hospitals Inpatient Beds Outpatient Clinics (FY 2025) (FY 2025 ) 1,538.5 mn 416 .5* mn 266 .2* mn Revenue 1 (FY 2025) EBITDA (FY 2025) Net Profit (FY 2025) Accreditations 1: Calculated as gross revenue minus contractual obligations & NPHIES * Includes a $60.6 million one -o
Slide 24: Through Two Decades of Growth, SMC Has Emerged as a Regional Healthcare Powerhouse
Through Two Decades of Growth, SMC Has Emerged as a Regional Healthcare Powerhouse Strengthening Establishment Existing Footprint Expansion Phase 1999 2002 2004 2005 2006 2012 2014 2020 2024 2025 Future Launch of Expansion of Expansion of Agreement Developed Developed Further Launch of Further Compl
Slide 25: SMC 1 Is Our Inaugural Hospital, Centrally Located in Riyadh
SMC 1 Is Our Inaugural Hospital, Centrally Located In Riyadh, and Serving as Our Hub Since 1999 SMC 1 Key Stats King Fahad Road +26 ▪ Established 1999 Years ▪ Facilities 6 Buildings (Including 3 towers); 72,172 sq.m 842 K Clinic patients ▪ Capacity ▪ 390 Beds ▪ 8 Operating rooms ▪ 207 Clinics ▪ 7 De
Slide 26: SMC Expanded Capacity with the Launch of Our Second Hospital in 2020
SMC Expanded Capacity with the Launch of Our Second Hospital in 2020, Delivering Enhanced Efficiency and Patient Experience SMC 2 Key Stats King Abdullah Road +5 ▪ Established 2020 Years ▪ Facilities 72,788 sq.m on 9,579 sq.m of land 565 K Clinic patients ▪ Capacity ▪ 191 Beds ▪ 7 Operating rooms ▪
Slide 27: SMC Has a Proven Track Record of Delivering Exceptional Healthcare
SMC Has a Proven Track Record of Delivering Exceptional Healthcare with Consistent Growth and Profitability IP Beds - Acute 159% OP Clinics 9 5% Patient Visits 183% 192 497 166 323 554K 1,5 67 K 2019 FY 2025 2019 FY 2025 2019 2025 Stable Revenue and Profitability Growth 1.54 bn CAGR Revenue Revenue:
Slide 28: Key Investment Highlights
Key Investment Highlights Robust Macro Environment and Favorable Demographics Supported by KSA’s Vision 2030 Strong Roots in Riyadh Driving Unmatched Accessibility and Cementing Market Position Comprehensive Services Covering the Entire Healthcare Value Chain Team of Top -Tier Healthcare Professiona
Slide 29: Scaling a Resilient Healthcare Platform by Digitizing the Core
Scaling a Resilient Healthcare Platform by Digitizing the Core, Lifting Margins, Adding Capacity and Monetizing Adjacencies Operational excellence Outpatient clinics growth Expand Riyadh Diversified growth & digital reach & margin optimization via hospital cluster adjacencies STRATEGIC PILLAR servic
Slide 30: Riyadh Is the Backbone of KSA's Healthcare Infrastructure
Riyadh Is the Backbone of KSA ’s Healthcare Infrastructure Largest Share of Private Sector Outpatient 1 and Inpatient Despite Ongoing Expansion, Riyadh’s Hospital Bed Shortage the Population in KSA Activity Outpacing Public Sector Growth Is Projected to Widen as Demand Outpaces Supply (1) Demand Sup
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