Ratchaphruek Hospital Public Company Ltd · SET:RPH
Ratchaphruek Hospital Public — Q3 2022 Earnings Presentation
35 slides from Ratchaphruek Hospital Public's earnings presentation, Nov 11, 2022
Slide 1: Analyst Presentation Q3/2022
Analyst Presentation Q3/2022 RATCHAPHRUEK HOSPITAL PUBLIC COMPANY LIMITED
Slide 2: Ratchaphruek Hospital
Tsawenurasrangnd Ratchaphruek Hospital
Slide 3: Ratchaphruek Hospital
\ ~\ 4 Tsawanurasiuwgny » @® Ratchaphruek Hospital
Slide 4: Slide 4
Slide 5: Ratchaphruek Hospital
NWEIUIATIVWANY '@ / Ratchaphruek Hospital oe ede lanewianongad @'R Ratchaphruek Hospital
Slide 6: Slide 6
Slide 7: Q3/2022 Highlights
Q3/2022 Highlights Pending Pending Picture Picture Obtained the Impressive Profits Re-Accredited Opened 2 Additional “Carrying Hospital in 9M/2022 JCI Center of Specialty Award 2021” • 9M/2022 operating revenue • RPH successfully Re- • RPH have successfully • RPH was was Baht 1,088.1 million, Accred
Slide 8: Agenda
AGENDA COMPANY OVERVIEW Explains the Business Nature of the Ratchapruek Hospital and Revenue Contribution Strategic Direction & Strategy Illustrates the growth direction of the Ratchapruek Hospital and Activities that will help RPH Achieve the Target Financial Performance Displays Ratchapruek Hospit
Slide 9: RPH at a Glance
RPH AT A GLANCE 546MB REGISTERED CAPITAL 11 CENTER OF SPECIALTY Entered stock exchange of Thailand in 2017 with Breast Center, Spine Center, Hemodialysis Center, registered capital of 546 MB Auditory Center, Stroke Center, Otoneuro Center, Hepatobiliary & Pancrease, Maternal & Child Center, Minimal
Slide 10: Company Overview
COMPANY OVERVIEW About Ratchaphruek Hospital Medical Services Medical Center Internal Medicine Surgery ✓ A private hospital focuses on enhancing the Thailand health of the community in Khon Kaen ✓ Stroke ✓ Diabetes ✓ General province with convenient health-care facilities. ✓ Breast ✓ Dermatology ✓ M
Slide 11: Company Overview – Revenue Breakdown
COMPANY OVERVIEW – REVENUE BREAKDOWN Revenue Breakdown by Patient Type Revenue Breakdown by Payor OPD Others Government 3rd 3% Party Payors 4% 41% Total 283.4 MB Insurance Total 283.4 MB Self Pay In Q3/2022 In Q3/2022 38% 55% 59% IPD
Slide 12: Agenda
AGENDA Company Overview Explains the Business Nature of the Ratchapruek Hospital and Revenue Contribution STRATEGIC DIRECTION & STRATEGY Illustrates the growth direction of the Ratchapruek Hospital and Activities that will help RPH Achieve the Target Financial Performance Displays Ratchapruek Hospit
Slide 13: RPH Strategic Direction
RPH STRATEGIC DIRECTION 2025 2024 Leading Regional Medical Service Provider 2023 Top of Mind Hospital and Center of Specialty • Well-rounded medical service provider in Northeastern region A Differentiated Heart-Warming • Strengthen Brand and Clear Medical Service Provider Positioning • Capturing SS
Slide 14: RPH Strategy
RPH STRATEGY 1 2 3 4 Strengthen Branding and Center of Specialty and Expanding Patient Seeking for New Positioning Services to Maximize Base Opportunities for Utilization Expansion • Heart-Warming Medical • Introduce Wellness Services • Increase Health Insurance • Explore New Locations for Experienc
Slide 15: Strengthen Branding and Positioning
1 Strengthen Branding and Positioning Marketing Activities
Slide 16: Center of Specialty and Services to Maximize Utilization
1 Center of Specialty and Services to Maximize Utilization Center of Specialty
Slide 17: Expanding Patient Base: New Hospital in Pipeline
3 Expanding Patient Base New Hospital in Pipeline RPH is Currently Planning for New Hospital – Wellness Project Hospital of 100 Beds Additional Capacity of 200 Beds Timeline Q3/2022 YE2022 2023 2023-2025 • RPH is in the process • The results of • Board of • Construction of studying the the feasibili
Slide 18: Expanding Patient Base: Renovating Old Hospital
3 Expanding Patient Base Renovating Old Hospital RPH has Plans to Renovate the Old Hospital to Utilize Existing Assets • Objective: To Become a specialized Hospital: Beauty/ Aesthetics Consumers Timeline 2023 2024 • Planning and redesigning • Open for operation
Slide 19: Agenda
AGENDA Company Overview Explains the Business Nature of the Ratchapruek Hospital and Revenue Contribution Strategic Direction & Strategy Illustrates the growth direction of the Ratchapruek Hospital and Activities that will help RPH Achieve the Target FINANCIAL PERFORMANCE Displays Ratchapruek Hospit
Slide 20: 9M/2022 Financial Highlights
9M/2022 Financial Highlights Gross Profit Net Profit 469.1 MB 294.4 MB +43.9% Operating Revenue 1,088.1 MB YoY +65.2% +33.7% YoY YoY
Slide 21: Operating Revenue Breakdown
Operating Revenue Breakdown Operating Revenue Breakdown by Type of Patient Unit: Rounds of Visit Unit: Million Baht 28% 33% 27% 37% Utilization Rate (%) 22% (Service Rate) OPD Drivers +33.7% YoY 194,554 1,088.1 114,189 Actual Number of 57,863 47,796 Outpatients 50,481 -33.3% YoY 813.9 38% OPD -0.4%
Slide 22: Gross Profit
Gross Profit Gross Profit and Gross Profit Margin (GPM) Unit: Million Baht, % 51.8% 40.1% 43.1% 38.6% 33.3% GPM +43.9% YoY -57.1% YoY 469.1 -13.9% QoQ 326.1 220.1 Gross Profit 109.7 94.4 Q3/21 Q2/22 Q3/22 9M/21 9M/22 YoY : Q3/2022 vs Q3/2021 QoQ: Q3/2022 vs Q2/2022 YoY: 9M/2022 vs 9M/2021 Gross prof
Slide 23: SG&A
SG&A SG&A and SG&A to Total Revenue Unit: Million Baht, % 13.6% 12.9% 9.2% 9.2% 9.5% SG&A to Total Revenue -1.3% YoY 106.0 104.5 Selling and Distribution -32.7% YoY 4% 4% Expenses -32.5% QoQ 39.2 96% 96% Administrative Expenses 39.1 4% 3% 26.4 5% 96% 97% 95% Q3/21 Q2/22 Q3/22 9M/21 9M/22 YoY : Q3/20
Slide 24: Net Profit
Net Profit Net Profit and Net Profit Margin Unit: Million Baht, % 34.0% 26.9% 19.9% 19.5% 21.7% Net Profit Margin +65.2% YoY -61.6% YoY 294.4 -2.3% QoQ 178.2 145.3 Net Profit 57.1 55.8 Q3/21 Q2/22 Q3/22 9M/21 9M/22 YoY : Q3/2022 vs Q3/2021 QoQ: Q3/2022 vs Q2/2022 YoY: 9M/2022 vs 9M/2021 • Net Profit
Slide 25: Profit and Loss Statement in Q3 2022
Profit and Loss Statement in Q3 2022 Profit and Loss Statement in Q3 2022 Unit: Million Baht, % 66.0% 100% 0.5% 8.8% 5.3% 19.5% Revenue COGS Selling Expense Administrative Expenses Interest and Tax Net Profit Q3/2022 Analysis • The company has a total revenue of Baht 286.5 million and a total cost s
Slide 26: Statement of Financial Position
Statement of Financial Position Statement of Financial Position Unit: Million Baht, % -5.8% YoY -5.8% YoY 2,214.5 2,214.5 73.7 3% 2,086.0 Other currents 7% 2,086.0 Other liabilities 150.8 Cash and cash equivalents 237.7 11% 106.9 5% 80.5 4% 186.4 8% 7% Long-term loan 179.2 8% 142.9 197.4 9% 134.0 6%
Slide 27: Cash Flow Statement
12 Months Cash flow Statement 12 Months Cash flow Statement Unit: Million Baht +307 -71 -294 238 180 Cash and Cash Equivalents at Cash flow from Operation Cash flow from Investing Cash flow from Financing Cash and Cash Equivalents at 31 December 2021 Activities Activities Activities 30 September 202
Slide 28: Key Financial Ratios
Key Financial Ratios Current Ratio Quick Ratio D/E Ratio Unit: Times Unit: Times Unit: Times 2.04 2.05 1.97 1.88 1.23 1.16 0.36 0.25 0.21 Q3/21 Q2/22 Q3/22 Q3/21 Q2/22 Q3/22 Q3/21 Q2/22 Q3/22 AR Turnover Ratio ROA* ROE* Unit: Times Unit: % Unit: % 8.16 5.42 39.06% 4.86 38.82% 32.65% 32.23% 14.94% 15
Slide 29: Agenda
AGENDA Company Overview Explains the Business Nature of the Ratchapruek Hospital and Revenue Contribution Strategic Direction & Strategy Illustrates the growth direction of the Ratchapruek Hospital and Activities that will help RPH Achieve the Target Financial Performance Displays Ratchapruek Hospit
Slide 30: Thailand Medical Industry Overview
Thailand Medical Industry Overview Thailand Healthcare Demand and Supply Group of Thai People Using the Medical Service** Unit: Baht, Beds Unit: % No Welfare Number of Beds 0.8% 0.7% 0.7% Others 158,026 166,314 167,563 +2.7% CAGR 1.0% 1.2% 1.1% Benefits from employers 150,839 149,641 1.7% 1.6% 1.8%
Slide 31: Thailand Medical Industry Outlook
Thailand Medical Industry Outlook Thailand Consumer Expenditure on Hospital Services Key Driving Factor Unit: Million Baht (1) Ageing Population (2) Growing Middle-Class 135,892 % of Ageing population No. of Middle-Class Households 128,469 Unit: % Unit: Million Households 116,652 21% 22% 8.4 8.9 9.0
Slide 32: Growth Opportunities for Private Hospitals in Northeastern Region
Growth Opportunities for Private Hospitals in Northeastern Region Average Monthly Expenses of Households Key Driving Factors Unit: Baht (1) Bed Occupancy Rate of Northeastern Region Unit: % Key Takeaways +0.5% CAGR 79.1% 78.0% 77.6% 76.3% • The increasing level of 16,513 16,553 16,810 16,869 69.0% b
Slide 33: RPH 2023 Outlook: Focus on Expansion
RPH 2023 Outlook: Focus on Expansion RPH aims to grow 10-20%* in 2023 Expand Services Increase Utilization Seeking to Expand Studying New of Existing Hospital Patient Base Hospital and old Hospital • Preparing wellness in • Boost marketing • Expand to capture health • Finish feasibility study by exi
Slide 34: Thank You
THANK YOU IR Contact Ms. Chularat Sirisingh +66-043 333555 ext. 1401
Slide 35: History and Key Milestones
HISTORY AND KEY MILESTONES ‘The Healing Environmental Hospital’ 1992 2016 2018 2020 2022 ✓ Established ✓ Signed a new hospital ✓ Opened to operate ✓ Received a ✓ Opened 2 specialist Ratchaphruek Hospital construction contract, the current hospital on certification of global centers: at Mittraphap Ro
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