Humana Inc. · NYSE:HUM
Humana — Q1 2023 Earnings Presentation
16 slides from Humana's earnings presentation, May 4, 2023
Slide 1: Interim Report Q1 2023
Everyone is entitled to a good life. Interim Report Q1 2023 May 4, 2023
Slide 2: Social impact
Social impact Driving the future of welfare • Never before has Humana’s ambition been more important • Working to secure the future of personal assistance and the unique LSS reform • In the heart of an industry that is undergoing transformational change • Driving social outcome measurements forward,
Slide 3: Improved profitability and good organic growth
Improved profitability and good organic growth Personal Improved Continued high IT incident Assistance profitability organic growth permit process Inflation Social outcome Earn-out measurements adjustment and contract - Interim Report Q1 2023 - 3
Slide 4: Net revenue & EBIT Contribution
Net revenue & EBIT Contribution Share of Net revenue in Q1 2023 Share of adj. EBIT in Q1 2023 5,4% Adj. Margin 4,2% 3,0% 8,8% -2,1% - Interim Report Q1 2023 - 4
Slide 5: Financial targets and development
Financial targets and development Organic Growth Profitability Capital Structure - Interim Report Q1 2023 - 5
Slide 6: Items affecting comparability
Items affecting comparability For the first quarter 2023 A quarter with positive signals, bridging the profitability gap YoY and taking a major step forward in quality competition - Interim Report Q1 2023 - 6
Slide 7: Performance breakdown
Performance breakdown EBIT Bridge (LY to Actual) Key Drivers - Interim Report Q1 2023 - 7
Slide 8: Cash Flow
Cash Flow Cash flow decreased mainly due to increase in working capital tied up - Interim Report Q1 2023 - 8
Slide 9: Individual & Family
Individual & Family Strong profitability improvement Performance Key Takeaways • Strong growth of 13%, organic 11% • Strong underlying demand in core business • Increased occupancy in Child and Youth and Adult segments • Division healthcare expanding • Price adjustments • Profitability improvement •
Slide 10: Personal Assistance
Personal Assistance Business area under pressure Performance Key Takeaways • Revoked permit for Humana Assistans AB 31st of January • Sales growth of 12%, negative organic contribution of -5.1% • Client losses of 15% • Profitability of 6.7% • Positive one-off effect of +32m following remeasurement o
Slide 11: Elderly Care
Elderly Care Occupancy improvement not compensating start-up and inflation Performance Key Takeaways • Organic growth of 10% with new care home in Täby opening in February • Profitability • Start-up costs for Täby of 4.5m • Inflation-driven cost increases • Partly mitigated by increase in occupancy
Slide 12: Finland
Finland Good growth and improved profitability Performance Key Takeaways • Strong demand and high organic growth of 14% • Improved profitability • Price adjustments • Decrease in sick leave • Mitigated by high inflation-driven cost increases and staffing challenges • Continued shift towards more spe
Slide 13: Norway
Norway Relatively stable performance in a politically challenging environment Performance Key Takeaways • Continued good demand for our services with organic growth reaching 9 % • Higher share of clients with complex demands • Increase in clients within personal assistance • Increased occupancy in f
Slide 14: Quality Management
Quality Management We work systematically towards achieving our quality targets Own Controls Quality Management System Quality Results Whistleblowing HQI and Social Outcome Internal Control Measurements Research & Development External Review - Interim Report Q1 2023 - 14
Slide 15: Summary
Summary Focus going forward A quarter with positive signals, bridging the profitability gap YoY and taking a major step forward in quality competition - Interim Report Q1 2023 - 15
Slide 16: Thanks!
Thanks! Financial Calendar Further Information Ewelina Pettersson Interim report Jan-Jun, Q2 2023 21 Jul 2023 IR manager +46 73 074 7912 ewelina.pettersson@humana.se - Interim Report Q1 2023 - 16