Pt Medikaloka Hermina Tbk · IDX:HEAL
Pt Medikaloka Hermina Tbk — Q1 2019 Earnings Presentation
17 slides from Pt Medikaloka Hermina Tbk's earnings presentation, April 2019
Slide 1: PT Medikaloka Hermina Tbk 1Q 2019 Presentation
PT Medikaloka Hermina Tbk 1Q 2019 Presentation April 2019
Slide 2: Hermina – Our Team
Hermina – Our Team President 35 The Asset dr. Hasmoro Country Awards 2018 Director & CEO Years of Experience Best Deals -Southeast Asia Co-Founder and MD, 35 Yulisar Khiat Operational and Years of Experience General Affairs Co-Founder and MD, dr. Binsar Parasian 33 Medical and Simorangkir Years of E
Slide 3: 1. Company Overview
qa4 x ght 84 > - ° ra 1. Company Overview HERMINA
Slide 4: Introduction to Hermina
Introduction to Hermina Hermina is one of the largest hospital groups in Indonesia with more than 34 years of experience in women and children care and a differentiated business model. Hermina is uniquely positioned to take advantage of low healthcare penetration and universal health coverage roll-o
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 • 7 Type B general hospitals with fully 7 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 • Galaxy • Ciruas • Podomoro • Pandanaran • Palembang • Yogya • Purwokerto • Tangkubanprahu • Ciputat • Bitung • Samarinda • Sukabumi • Mekarsari • Makassar • OPI Jatinegara Kemayoran • Tanger
Slide 8: 2. Financial Update
qa4 4 aH Sy * ° ra . 2. Financial Update HERMINA
Slide 9: Continuous Growth in Revenue and Increasing Margin Profile
Continuous Growth in Revenue and Increasing Margin Profile Total Revenue Gross Profit & Gross Margin (IDR billions) (IDR billions, %) Growth: 20.8% 46.4% 49.0% 50.0% 500.0 901.5 441.4 40.0% 746.1 400.0 30.0% 346.0 20.0% 300.0 10.0% 200.0 0.0% 1Q18 1Q19 1Q18 1Q19 Gross Profit Gross Margin EBITDA & EB
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) 75.8 82.6 53.6 709.5 36.8 629.1 361.6 FY 16 FY 17 FY 18 Mar 19 205.4 Inventory Days2 (Days) FY 16 FY 17 FY 18 Mar 19 13.0 11.0 10.8 10.1 Cash Conversion Cycle Days (Days) FY 16 FY
Slide 11: Strong Growth in Both Private and JKN Patients
Strong Growth in Both Private and JKN Patients Inpatient Days Inpatient Days by Payor Type Growth: 35.7% Non- Non- JKN, JKN, 247K 34% 36% 182K JKN, JKN, 66% 64% 1Q18 1Q19 1Q18 1Q19 Outpatient Visit Outpatient Visits by Payor Type Growth: 18.4% 1.6M 1.3M Non- JKN, Non- JKN, JKN, 48% JKN, 50% 52% 50%
Slide 12: EBITDA Calculation Methodology
EBITDA Calculation Methodology (IDR billions) 1Q18 1Q19 Revenue 746.1 901.5 EBIT 106.4 138.8 % Margin 14.3% 15.4% Depreciation and Amortization (D&A) 40.2 50.8 Adjustment for back non-cash items1 7.3 31.2 Post-employment benefits 6.6 9.4 Allowance for impairment losses 0.7 21.8 Adjustment for non-op
Slide 13: Sufficient Room For Additional Debt to Support the Growth
Sufficient Room For Additional Debt to Support the Growth Total Debt / Net Debt / Leverage Ratio Maturity Profile (1Q19) (IDR billions, x) 1.9 2.0 2500.0 1.5 <1 yr maturity 24% 2000.0 0.9 0.9 1.0 0.7 0.6 1500.0 1,422 0.5 IDR 838.1 bn 1,099.6 1000.0 865.8 838.1 0.0 613.8 561.8 1-10 yr 551.5 maturity
Slide 14: Consistent Positive Cash Flow From Operations to Partly Fund Capex
Consistent Positive Cash Flow From Operations to Partly Fund Capex Cash Flow Cash and Cash Equivalents (IDR billions) (IDR billions) 1,100.1 322.4 303.8 286.6 84.4 620.7 203.2 170.2 176.5 118.8 480.8 331.4 393.6 241.7 91.1 (60.5) (47.8) (17.2) (526.7) (485.7) 2015 2016 2017 2018 1Q19 (880.9) Capital
Slide 15: 3. Hospital Development
qa4 4 oe m4 ° ra ° 3. Hospital Development HERMINA
Slide 16: Hospitals Under Development
Hospitals Under Development Hermina Kendari Ground Piled & Finishing Opening Breaking Structure Architecture PLAN Oct Sep 2018 - Mar 2019 4Q19 Apr - Nov 2019 2018 PROGRESS 100% 98% Hermina Pekanbaru Ground Piled & Finishing Breaking Structure Architecture Opening PLAN Dec Sep 2018 - Mar 2019 Mar - O
Slide 17: PT Medikaloka Hermina Tbk
PT Medikaloka Hermina Tbk www.herminahospitals.com
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