Rajthanee Hospital Public Company Limited · SET:RJH
Rajthanee Hospital Public — Q1 2021 Earnings Presentation
26 slides from Rajthanee Hospital Public's earnings presentation, Oct 1, 2021
Slide 1: Rajthanee Hospital 1Q 2021 Result
Rajthanee Hospital Public Company Limited 1Q 2021 Result
Slide 2: Agenda
Agenda 1. Summary and Updates 4 2. Business Overview 6 3. Financial Performance 12 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
2 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 253 beds Beds in service 39 beds OPD units 64 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 4.274 (unit : million) • Contributing 2.81% of the nationwide number (13 million) • Ranked 8th out of 77 provinces 0.859 0.821 0.538 0.482 0.476 0.426 0.360 0.326 0.296 Bangkok Samut Prakan Chon Buri Pathum Thani Samut Sakh
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 % 379,287 372,560 362,798 360,015 360,436 353,147 54% 54% 50% 46% 45% 43% 2016 2017 2018 2019 2020 31-Mar-21 Source: Social Security Office ; data as of March 31, 2021 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 28% OPD 33% 44% 1Q 2020 45% 1Q 2021 IPD THB 447 million THB 505 million SW 28% 22% 13
Slide 14: Hospital Revenue
Hospital Revenue Revenue from Hospital Operations (THB Million) Non SW Revenue Social Security Revenue CAGR = 9.8% 1,855 1,771 1,587 774 730 676 +13% (y-o-y) +0.7% (q-o-q) 514 502 505 1,041 1,081 447 393 911 210 191 196 226 177 251 216 303 311 279 2018 2019 2020 1Q20 2Q20 3Q20 4Q20 1Q21 14
Slide 15: OPD - Non SW Patients
OPD - Non SW Patients Revenue from OPD Non SW Patients (THB Million) CAGR 5.4% OPD Non SW Covid 140 +33.8% (y-o-y) -7.6% (q-o-q) 472 522 492 67 41 46 32 125 99 128 140 121 2018 2019 2020 1Q20 2Q20 3Q20 4Q20 1Q21 Number of Visits /1 and Revenue per Visit /2 Non-SW OPD visits ('000 visits) Revenue per
Slide 16: OPD Utilization Rate – All Sectors
OPD Utilization Rate – All Sectors OPD Capacity (Units) /1 & Utilization Rate (%) /2 OPD units Hemo Units % Utilization 81.6% 81.6% 80.2% 73.8% 70.6% 69.6% 68.0% 59.7% 126 128 128 128 129 115 119 112 54 55 55 55 55 47 50 47 65 68 72 69 73 73 73 74 2018 2019 2020 1Q20 2Q20 3Q20 4Q20 1Q21 /1 Average o
Slide 17: IPD – Non SW Patients
IPD – Non SW Patients Revenue from IPD Non SW Patients (THB million) CAGR 8.3% 519 439 449 -11.4% (y-o-y) -13.5% (q-o-q) 126 109 129 112 85 2018 2019 2020 1Q20 2Q20 3Q20 4Q20 1Q21 Number of Visits /1 and Revenue per Visit Non-SS IPD Visit ('000 visits) Revenue per Visit (THB/Visit) 44,580 43,289 40,
Slide 18: Income from Accident Cases & Cathlab Cases
Income from Accident Cases & Cathlab Cases Accident Cases Cathlab 120.0 100.0 94.7 96.4 78.6 80.0 66.7 62.8 60.0 48.2 39.2 40.0 22.2 20.1 17.0 20.0 0.0 2018 2019 2020 1Q20 1Q21 18
Slide 19: IPD Utilization Rate – All Sectors
IPD Utilization Rate – All Sectors IPD Capacity (Beds) /1 & Utilization Rate (%) /2 Beds % Utilization 76.2% 75.5% 71.4% 68.7% 63.4% 63.3% 58.6% 50.3% 282 288 288 292 274 278 260 234 2018 2019 2020 1Q20 2Q20 3Q20 4Q20 1Q21 /1 Average of the period /2 Include visits among the group 19
Slide 20: Covid Impact
Covid Impact Non-SW Revenue excluded Covid-19 Test 120.0 2019 2020 2021 110.0 100.0 90.0 80.0 70.0 60.0 50.0 40.0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 20
Slide 21: Social Security Insurers
Social Security Insurers Average Insured Persons (‘000 persons) RJH RRH Average Insured Persons 193.7 193.1 194.5 193.8 193.6 195.8 187.8 175.4 33.5 32.7 34.2 33.8 33.3 35.3 27.3 19.0 156.4 160.5 160.2 160.4 160.3 160.0 160.3 160.5 2018 2019 2020 1Q20 2Q20 3Q20 4Q20 1Q21 21
Slide 22: Social Security Revenue
Social Security Revenue Social Security Revenue (THB Million) Social Security Revenue Previous Yr Revenue Adjustment CAGR 7% • Increase of SW insurers • Increased SW rate payment 21 • Y2019’s under-recorded SW revenue 5 to be received in Y2020 = THB 21m 2 +15.3% (y-o-y) +18.3% (q-o-q) • Preceding ye
Slide 23: Gross Margin
Gross Margin Gross Profit • Under-recorded SW revenue to be received in Gross Profit % Gross Profit Margin Y2020 = THB 21m • High margin of Covid test • Fewer visit of SW patients • Preceding year under-recorded SW revenue 35.6% 33.3% 31.5% 32.0% 31.9% 30.6% 33% 30.3% 29.6% 30% 557 594 485 183 152 1
Slide 24: 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) 39 55 21% 21% 20% 20% 19% 18% 17% 358 358 17% 269 41 15 20 84 106 104 87 65 (11) (1) (0) 2018 2019 2020 1Q20 2Q20 3Q20 4Q20 1Q21 • Extra Expense
Slide 25: Slide 25
Slide 26: Q&A
Q&A 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 Lertdumrongluck
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