Pt Medikaloka Hermina Tbk · IDX:HEAL
Pt Medikaloka Hermina Tbk — Q1 2018 Earnings Presentation
16 slides from Pt Medikaloka Hermina Tbk's earnings presentation, June 2018
Slide 1: PT Medikaloka Hermina Tbk Q1 2018 presentation
PT Medikaloka Hermina Tbk Q1 2018 presentation June 2018
Slide 2: Hermina – Our Team
Hermina – Our Team #1 Indonesia Original Brand in Maternity Hospital (2016) - SWA President 34 dr. Hasmoro Director & CEO Years of Experience Co-Founder and MD, 34 Yulisar Khiat Operational and Years of Experience General Affairs Co-Founder and MD, dr. Binsar Parasian 32 Medical and Simorangkir Year
Slide 3: 1. Company Overview
pH s AN 4 2 i a “ ra 1. Company Overview HERMINA
Slide 4: Leading National Hospital Chain, with Robust Growth Trajectory
Leading National Hospital Chain, with Robust Growth Trajectory One of the Largest Groups in a Highly Fragmented Indonesian Hospital Market1 Top 5 Private Operators by Number of Hospitals # of Hospitals Other Selected Top Players, Beyond the Top 5 # of Operational Beds Type of Name No. of Hospitals N
Slide 5: Service Offering Overview
Service Offering Overview Hermina hospitals are a network of general hospitals with a significant strength and wide offering in women and children care Hermina Hospital Facility Type B • 6 Type B general hospitals with fully 6 hospitals advanced center of excellence & sub- specialist care Pharmacy R
Slide 6: Corporate History
Corporate History Company Milestones ◼ Established 3 new hospitals and ◼ Changed the non-profit ◼ Established the first ◼ Made the first acquired 2 hospitals ◼ 2017: Established 4 new hospitals organization status into a maternity hospital in acquisition of a ◼ 2005: Pandanaran became the ◼ Company
Slide 7: Our Nationwide Hospital Network
Our Nationwide Hospital Network Our Nationwide Hospital Network Type B Hospitals Type C Hospitals • Pasteur • Palembang • Yogya • Pandanaran • Ciputat • Bitung • Malang • Cileungsi • Makassar Jatinegara Kemayoran Bekasi • Sukabumi • Serpong • Balikpapan • Tangerang • Banyumanik • Medan • Grand Wisat
Slide 8: 2. Financial Update
pH s AN 4 2 i a 7 ra 2. Financial Update HERMINA
Slide 9: Robust Growth in Revenue and Stable Margin Profile
Robust Growth in Revenue and Stable Margin Profile Total Revenue Gross Profit & Gross Margin (IDR billions) (IDR billions, %) Growth: 18.6% 450,0 41,8% 41,6% 50,0% 746,5 400,0 40,0% 629,2 350,0 310,2 30,0% 300,0 263,2 20,0% 250,0 10,0% 200,0 0,0% 1Q17 1Q18 1Q17 1Q18 Gross Profit Gross Margin EBITDA
Slide 10: Key Balance Sheet Items – Working Capital Turnover Days
Key Balance Sheet Items – Working Capital Turnover Days Trade Receivable Days1 Net Working Capital (Days) (IDR billions) 66,2 53,6 361,6 33,7 36,8 319,7 205,4 2015 2016 2017 1Q18 76,6 Inventory Days (Days) 2015 2016 2017 1Q18 11,8 13,0 11,0 9,2 Cash Conversion Cycle Days (Days) 2015 2016 2017 1Q18 T
Slide 11: Strong Growth in Patient Visits
Strong Growth in Patient Visits Inpatient Days Inpatient Admissions by Payor Type Growth: 30.3% Non- 182K Non- JKN; JKN; JKN; 34% 140K 51% JKN; 49% 66% 1Q17 1Q18 1Q17 1Q18 Outpatient Visit Outpatient Visits by Payor Type Growth: 26.3% 1,3Mn 1,1Mn JKN; Non- JKN; Non- 40% JKN; 48% JKN; 52% 60% 1Q17 1Q
Slide 12: EBITDA Calculation Methodology
EBITDA Calculation Methodology (IDR billions) 1Q17 1Q18 YoY Growth Revenue 629.2 746.5 18.6% EBIT 100.5 110.5 10.0% % Margin 16.0% 14.8% Depreciation and Amortization (D&A) 32.0 40.2 Adjustment for back non-cash items1 3.4 4.8 Post-employment benefits 2.1 3.3 Allowance for impairment losses 1.4 1.4
Slide 13: Debt and Leverage Ratio
Debt and Leverage Ratio Total Debt / Net Debt / Leverage Ratio The increase of debt in 2017 and 1Q18 are mainly (IDR billions, x) 2,5 attributable to purchase of minority interests and to finance working capital (as part of corporate 2,2 2500 restructuring i.e. share buyback) 1,9 2 2000 Maturity Pro
Slide 14: 3. Hospital Development
pH s AN 4 2 i a 7 ra 3. Hospital Development HERMINA
Slide 15: Hospitals Under Development
Hospitals Under Development Hermina Jakabaring Ground Piled & Finishing Opening Breaking Structure Architecture PLAN Aug Sep-Dec 2017 Jan-Jun 2018 3Q18 2017 PROGRESS 100% 100% 88% Hermina Padang Ground Piled & Finishing Breaking Structure Architecture Opening PLAN Oct Nov 2017 - Jun 2018 Jul-Sep 201
Slide 16: PT Medikaloka Hermina Tbk
PT Medikaloka Hermina Tbk www.herminahospitals.com
PT Medikaloka Hermina — Q1 2018 Earnings Presentation on 6ix