Narayana Hrudayalaya Ltd. · NSE:NH
Narayana Hrudayalaya — Q1 FY24 Earnings Presentation
20 slides from Narayana Hrudayalaya's earnings presentation, Aug 2, 2023
Slide 1: Exchange submission cover letter
Date of submission: 2nd August 2023 To, To, The Secretary The Secretary Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Department of Corporate Services Exchange Plaza, Bandra Kurla Complex Phiroze Jeejeebhoy Towers, Mumbai – 400 051 Dalal Street, Mumbai –
Slide 2: Earnings Update Q1 FY24
Earnings Update Q1 FY24 August 02, 2023
Slide 3: Content
Content NH at a Glance 03 Q1 FY24 Highlights 04 Capex 12 Shareholding Pattern 13 NHIC 14 Digital Transformation Initiatives 16 NH ESG Vision – “Health For All” 17 2
Slide 4: NH at a Glance
NH at a Glance As on 1st July 2023 NH’s footprint in India 45 Healthcare Facilities Operational beds 18 Owned / Operated Hospitals (1) 5,310 Beds Kakriyal, Jammu Northern Region 1 Managed Hospitals (2) 178 Beds 4 hospitals Operational beds: 1,147 3 Heart Centres 187 Beds 21 Primary Healthcare Facili
Slide 5: Key Highlights – Q1 FY24 (1/2)
Key Highlights – Q1 FY24….(1/2) Clinical: The quarter witnessed momentum in High-end Cardiac Sciences work in Congenital & Adult segments, Oncology, Gastro Sciences, Image Guided Therapies and other quaternary work across all the centers ❑ Cardiac Sciences: ▪ NICS, Bengaluru achieved the highest eve
Slide 6: Key Highlights – Q1 FY24 (2/2)
Key Highlights – Q1 FY24 ….(2/2) ▪ Consolidated operating revenues of INR 12,334 mn in Q1 FY24, an increase of 19.4% YoY and 1.0% QoQ ▪ Consolidated EBITDA of INR 2,858(1) mn in Q1 FY24 translating into EBITDA margin of 23.2% and consolidated PAT of Financial INR 1,840(2) mn at a PAT margin of 14.9%
Slide 7: Revenue Mix – India (Q1 FY24)
Revenue Mix – India (Q1 FY24) Operating Revenues Business Mix(7) INR mn 9,897 25% 9500 8,654 8500 3% 70% 1% 7500 6500 (1) Owned Hospitals 5500 Operated Hospitals (2) Q1 FY23 Q1 FY24 Heart Centres (3) Other Anciliary Businesses Specialty-Profile(4,7) Payee-Profile(4,7) Cluster-Wise(6,7) 8% 17% 18% 5%
Slide 8: Operational Review – India
Operational Review – India Excludes Managed Hospitals Average Revenue Per Patient (IP & OP)(1,2) ALOS INR ‘000 Days OP IP 122.9 112.5 4.6 4.4 4.0 4.2 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 Patients’ Footfalls (IP & OP)(1,3) ICU Occupied Bed Days(4) ‘000 OP IP ‘000 614 572 86 90 55 59 Q1 FY23 Q1 FY24 Q1 FY2
Slide 9: Regional Split – India (Q1 FY24)
Regional Split – India (Q1 FY24) This considers owned/operated hospitals in India (excl. Jammu (1)) Southern Eastern Bangalore Kolkata Western Northern Peripheral Peripheral Regions • NICS • Mysore • RTIICS • Jamshedpur • Mumbai • Gurugram • MSMC • Shimoga • Barasat • Guwahati • Ahmedabad • New Delh
Slide 10: Profitability Snapshot – India (Q1 FY24)
Profitability Snapshot – India (Q1 FY24) EBITDA and EBITDA Margin Cost Structure INR mn % of Operating Revenues Rental / Revenue Share 2.4% 2.3% (2) 18.3% 1,900 12.1% 12.2% 18.4% 1,700 (2) 18.7% (5) 18.6% (5) 15.7% 1,500 16.4% (1) 1,300 1,802 (3) (3) 14.4% (2) 1,100 25.5% 25.0% (1) 1,355 900 12.4% 7
Slide 11: Operational Review – Cayman Islands
Operational Review – Cayman Islands Average Revenue Per Patient (IP & OP)(1,2) Operating Revenues US$ ‘000 US$ mn OP IP 29.9 30.9 29.6 22.7 0.9 1.3 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 Discharges(3) Out-Patients(1) 7,950 8,214 629 533 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 (1) OP figures include day-care busine
Slide 12: Consolidated Financial Performance
Consolidated Financial Performance Figures in INR mn, unless stated otherwise Profit and Loss Statement(1,3) Key Balance Sheet Items(1) Particulars (INR mn) Q1 FY23 Q1 FY24 Particulars 30th June 2023 Total Operating Revenue 10,334 12,334 Shareholder Equity Consumption 2,419 2,717 23,120 Doctors Expe
Slide 13: Capex Strategy
Capex Strategy Cayman Replacement/Maintenance Brownfield/Capacity Addition Greenfield/Inorganic FY23 FY24 1500 Block A interiors, Radiation Oncology NICU, PICU, Single Center, Block A Rooms, Medical exterior work Equipment 2570 Refurbishment of Infrastructure 2000 OPD areas, Cathlab, Reconfiguration
Slide 14: Shareholding Pattern
Shareholding Pattern As on 30th June 2023(1) Total Number of Shares 204,360,804 ESOP Trust DIIs 0.8% Key DIIs 12.0% Axis Asset Management ICICI Prudential Life Insurance FIIs Nippon Life India Asset Management 11.1% DSP Investment Management Unifi Capital Key FIIs Others Wellington Asset Management
Slide 15: Narayana Health Integrated Care: Overview
Narayana Health Integrated Care: Overview Narayana Health Integrated Care Overview COMPREHENSIVE HEALTH CARE • Preventative to Quaternary Care • Available via Digital (App, Chat, Video) and Physical Points of Presence (Clinics, ▪ Benefits Hospitals) ▪ Fully owned and integrated network provides bett
Slide 16: NHIC: Snapshot
NHIC: Snapshot Program running since September 2022 at select Bengaluru locations 6 29,315 ₹45.18 Mn As on 30th June 2023 Q1 FY24 Q1 FY24 Points of Presence Patient transactions Revenue Current focus on Bengaluru Will learn and adjust model and expand geographical presence subsequently 15
Slide 17: Digital Transformation Initiatives
Digital Transformation Initiatives NH Care App 1 Million+ Installs | 4.8 * Rating 25% Consultations with Appointments Patient Engagement HCCI Connect App Growth @ 50K Installs per month HCCI Connect launched in Cayman Isles 37 Centres, 200 Equipment 36% TAT Improvement (Top 5 Tests) Laboratory athmâ
Slide 18: NH ESG Vision – “Health For All”
NH ESG Vision – “Health For All” A Healthy Planet By being conscious about impact on the environment, prioritizing consumption efficiency and resource optimization 30% Carbon Neutral 100% Optimized 50% less Renewable energy By 2040 Waste-water Waste management Paper use across mix by 2030 recycling
Slide 19: Disclaimer and Contact Details
Disclaimer and Contact Details No representation or warranty, express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions contained herein. The information contained in this presentation is only current as
Slide 20: Thank You!
why INH Narayana Health Thank You!