Apollo Hospitals Enterprise Limited · NSE:APOLLOHOSP

Apollo Hospitals Enterprise — Q1 FY2015 Earnings Presentation

23 slides from Apollo Hospitals Enterprise's earnings presentation, 2014

  1. Slide 1: Q1 FY 2015 Earnings Update

    Bre IHUCHING LIVER Q1 FY 2015 Earnings Update

  2. Slide 2: Safe Harbour

    Safe Harbour 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 the information or opinions contained in this presentation. Such information and opinions are in all events not current after the

  3. Slide 3: Contents

    Contents • Highlights • Standalone Financial Performance • Consolidated Financial Performance • Operational Performance – Hospitals • Operational Performance – Standalone Pharmacy • Update on Projects • Update on non-hospital JVs 3

  4. Slide 4: Highlights – (1/2) Financial Performance

    Highlights – (1/2)  Q1FY15 Consolidated Revenues of Rs. 12,025 mio (up 17.7% yoy) Financial  Q1FY15 Consolidated EBITDA of Rs. 1,731 mio (up 7.7% yoy) Performance • New Hospitals in initial stages of operations reported operating loss of Rs 16 mio in Q1FY15 • AHLL reported an EBITDA loss of Rs. 48

  5. Slide 5: Highlights – (2/2) Capacity Medical Initiatives

    Highlights – (2/2)  53 hospitals with total bed capacity of 9,015 beds as on Jun 30, 2014 • 41 owned hospitals including JVs/ Subsidiaries and associates with 6,932 beds and 12 Capacity Managed hospitals with 2,083 beds.  Of the 6,932 owned beds, 6,027 beds were operational and had an occupancy of

  6. Slide 6: Contents

    Contents • Highlights • Standalone Financial Performance • Consolidated Financial Performance • Operational Performance – Hospitals • Operational Performance – Standalone Pharmacy • Update on Projects • Update on non-hospital JVs 6

  7. Slide 7: Standalone Financial Performance - Total - (1/3)

    Standalone Financial Performance - Total - (1/3) ` Mio Q1 FY 14 Q1 FY 15 yoy (%) Key Highlights Revenue 8,950 10,537 17.7%  Revenues of Rs. 10,537 mio, Operative Expenses 4,637 5,532 19.3% growth of 17.7%. Employee Expenses 1,391 1,707 22.8% Administrative & Other Expenses 1,463 1,735 18.6% Total E

  8. Slide 8: Standalone Financial Performance – Existing & New Breakup - (2/3)

    Standalone Financial Performance – Existing & New Breakup - (2/3) ` Mio Healthcare Key Highlights services Existing New (Existing) SAP Standalone Hospitals Standalone  Existing Health Care Services LFL (like for like ) revenue growth at 8.4% Q1 FY 15 Revenue 6,326 3,862 10,188 349 10,537  Existing

  9. Slide 9: Standalone Segment-wise Performance – (3/3)

    Standalone Segment-wise Performance – (3/3) ` Mio Q1 FY 14 Q1 FY 15 yoy (%) Key Highlights Revenues from each segment Heathcare Services * 5,909 6,676 13.0% Stand-alone Pharmacy 3,042 3,862 27.0%  Revenues at Rs. 10,602 mio, growth Other Income 62 65 4.8% of 17.6%. Total 9,013 10,603 17.6% Less: In

  10. Slide 10: Contents

    Contents • Highlights • Standalone Financial Performance • Consolidated Financial Performance • Operational Performance – Hospitals • Operational Performance – Standalone Pharmacy • Update on Projects • Update on non-hospital JVs 10

  11. Slide 11: Consolidated Financial Performance – Total - (1/2)

    Consolidated Financial Performance (Unaudited Management Estimates) – Total - (1/2) ` Mio Q1 FY 14 Q1 FY 15 yoy (%) Key Highlights Income from Operations 9,581 11,277 17.7% Add: Share of JVs 637 748 17.3%  Revenue growth of 17.7% from Total Revenues 10,218 12,025 17.7% Rs. 10,218 mio in Q1FY14 to R

  12. Slide 12: Consolidated Financial Performance – Existing & New Breakup - (2/2)

    Consolidated Financial Performance – Existing & New Breakup - (2/2) ` Mio Total Healthcare Key Highlights serv New AHLL (incl (Existing) SAP Hospitals Munich Cradle) Consol  Total healthcare service Q1 FY 15 (existing) EBITDA margins Revenue 7,456 3,862 349 180 177 12,025 reduced from 23.9% in Q1FY

  13. Slide 13: Contents

    Contents • Highlights • Standalone Financial Performance • Consolidated Financial Performance • Operational Performance – Hospitals • Operational Performance – Standalone Pharmacy • Update on Projects • Update on non-hospital JVs 13

  14. Slide 14: Operational Performance – Hospitals

    Operational Performance – Hospitals ` Mio Total (5) Chennai cluster Hyderabad cluster Others (1) Significant subs/ JVs/ associates (2) Particulars Q1 FY 14 Q1 FY 15 Growth yoy Q1 FY 14 Q1 FY 15 Growth Q1 FY 14 Q1 FY 15 Growth Q1 FY 14 Q1 FY 15 Growth Q1 FY 14 Q1 FY 15 Growth (%) yoy (%) yoy (%) yoy

  15. Slide 15: Contents

    Contents • Highlights • Standalone Financial Performance • Consolidated Financial Performance • Operational Performance – Hospitals • Operational Performance – Standalone Pharmacy • Update on Projects • Update on non-hospital JVs 15

  16. Slide 16: Operational Performance – Standalone Pharmacy

    Operational Performance – Standalone Pharmacy ` Mio Batch Particulars Q1 FY 14 Q1 FY 15 yoy % Key Highlights No of Stores 443 429 Upto Revenue/store 2.69 3.08 14.2% FY 08 EBITDA /store 0.15 0.18 19.4%  Revenues at Rs. 3,862 mio, growth Batch of 27%. EBITDA Margin % 5.6% 5.8% 25 bps No of Stores 199

  17. Slide 17: Contents

    Contents • Highlights • Standalone Financial Performance • Consolidated Financial Performance • Operational Performance – Hospitals • Operational Performance – Standalone Pharmacy • Update on Projects • Update on non-hospital JVs 17

  18. Slide 18: Key Hospital Expansion Plan & Update on Execution

    Key Hospital Expansion Plan & Update on Execution Total AHEL's Estimated Share of Strategy for Expansion Project Cost Cost Location CoD* Type of Hospital No of Beds (Rs.mio) (Rs.mio)  Focus on owned hospitals Mumbai Cluster – Plan to add 10 hospitals from the current 41(owned) Navi Mumbai FY16 Supe

  19. Slide 19: Contents

    Contents • Highlights • Standalone Financial Performance • Consolidated Financial Performance • Operational Performance – Hospitals • Operational Performance – Standalone Pharmacy • Update on Projects • Update on non-hospital JVs 19

  20. Slide 20: Update on non-hospital JVs

    Update on non-hospital JVs ` Mio Key Highlights Particulars Q1 FY 14 Q1 FY 15 yoy (%)  During Q1FY15, the company achieved a Gross Written Premium (GWP) of Rs. Total Income 1,401 1,757 25.4% 1,104 mio against a GWP of Rs. 1,383 mio in Q1FY14. EBITDA 20 6  EBITDA of Rs. 6 mio in Q1FY15 as margin (%

  21. Slide 21: Q&A

    Q&A 21

  22. Slide 22: Appendix: Basis of Consolidation

    Appendix: Basis of Consolidation AHEL Standalone Location Description Chennai Main Chennai Hospital ASH - Chennai Chennai Hospital Tondiarpet - Chennai Chennai Hospital FirstMed - Chennai Chennai Hospital Apollo Children's Hospital Chennai Hospital Apollo Specialty, Vanagaram Chennai Hospital Madura

  23. Slide 23: Hospitals – Understanding Key Operating Metrics

    Hospitals – Understanding Key Operating Metrics Description Formula / Calculation Key Driver  Number of operating  Project execution Operating Beds beds  Capital Expenditure x  In-patient Bed Days  In-patient Bed Days  Brand Occupancy Billed  Doctor reputation  Quality of outcomes  Competit

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