Burjeel Holdings Plc · ADX:BURJEEL
Burjeel — FY2022 Earnings Presentation
29 slides from Burjeel's earnings presentation, Feb 21, 2023
Slide 1: Burjeel Holdings FY 2022 Earnings Presentation
Burjeel Holdings FY 2022 EARNINGS PRESENTATION 21 February 2023
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Burjeel Holdings PLC based on publicly available information and non-public information to assist you in making a preliminary analysis of the content referenced herein solely for informational purposes. It should not be construed as an offer to sell
Slide 3: Agenda and Presenters
Agenda and Presenters 01 Business Overview John Sunil 02 Performance Highlights Chief Executive Officer 03 Strategy Overview Muhammed Shihabuddin 04 Group Financial Review Deputy Chief Financial Officer 05 Segmental Review Chetan Sehgal Director - Strategy and Investments 06 Strategic Priorities Hea
Slide 4: Business Overview
Business Overview A full Healthcare Services ecosystem with a comprehensive offering across the entire patient journey, delivered through a portfolio of targeted brands 16 15 8 15 7 Hospitals Polyclinics Specialty Pharmacies Other Centres 23 Medical Centers Portfolio of brands, each targeted at dist
Slide 5: Key FY 2022 Highlights
Key FY 2022 Highlights Strong growth in top Successful IPO on Patient footfall Sizable efficiency and bottom-line ADX increasing gains Revenue of AED 3,924 Successfully listed on Utilization elevated Burjeel’s centralized million, up 17% YoY ADX in October 2022 through a broadening of functions scal
Slide 6: Focused Strategy, Clear Delivery
Focused Strategy, Clear Delivery Ramp Up Of Increasing Operational Geographic Growth Assets Patient Yield Excellence Expansion Young asset fleet, with growth Elevate the delivery of Centralization and Deliver on our KSA entry to be driven by utilisation high-value complex care, digitization to ensur
Slide 7: Strategic and Operational Highlights
Strategic and Operational Highlights Pursuing a cross-border growth strategy - Signed a Positioning the UAE as a medical hub and performing Memorandum of Understanding (MoU) to create a joint complicated medical procedures - Successfully performed venture with Leejam Sports Company JSC a bone marrow
Slide 8: Group Financial Review
Group Financial Review 8
Slide 9: Revenue and EBITDA
Revenue and EBITDA Revenues (AEDm)1 Commentary 17.1% ⚫ Group revenue increased by ~ 17.1% primarily driven by the hospitals segment on the back of ramp-up of Burjeel Medical City 3,924 as well as increase in revenue of other hospitals in growth phase 3,351 ⚫ Hospital segment has contributed 88.4%, v
Slide 10: Net profit
Net profit Net Profit (AEDm) Commentary 51.5% ⚫ Net profit increased by 51.5%, primarily due to the growth in revenue, increase in operational efficiencies and a reduction in depreciation and amortisation as compared to last year 355 ⚫ The hospital and medical centre segments were the major drivers
Slide 11: Group net working capital analysis
Group net working capital analysis Trade receivables (AEDm)1 Inventory (AEDm) Trade Account Payable (AEDm) 89 96 99 93 307 241 1,052 243 642 815 207 626 FY2021 FY2022 FY2021 FY2022 FY2021 FY2022 Days Sales Outstanding2 Days Inventory Outstanding3 Days Payables Outstanding4 ⚫ Receivable days remained
Slide 12: Group capital structure
Group capital structure Group Debt Commentary FY2021 FY2022 1⚫ Interest bearing loans and borrowings decreased by AED Bank Balances and Cash 134 148 1,947 million between Dec’21 to Dec’22, mainly as a result of the one-time settlement of loan liabilities amounting to 1 Interest bearing loans and bor
Slide 13: Segmental Review: Hospitals
Segmental Review Hospitals 13
Slide 14: Hospitals Segment | Financial Performance Update
Hospitals Segment | Financial Performance Update Revenues (AEDm)1 Commentary 21.3% 3,010 3,650 ⚫ Hospitals segment contributed 88.4% to Group revenue for the 38 period ended Dec-22 , as compared to 87.8% from the previous 29 year 1,340 1,087 ⚫ Revenue growth of 21.3% was largely driven by Burjeel Me
Slide 15: Hospitals Segment | Operational Performance Update
Hospitals Segment | Operational Performance Update Outpatient footfall (in 000s) Commentary 61.1% 62.7% ⚫ The ramp up in utilisation of assets, in particular, at BMC, drove the 15.7% increase in outpatient footfall in the hospital segment. 15.7% ⚫ Also, significant increase in outpatient footfalls a
Slide 16: Burjeel Medical City Performance
Burjeel Medical City Performance Total Patients (in 000s) Revenue (AEDm)1 EBITDA (AEDm) Commentary ⚫ Delivered 20% contribution to total hospital segment revenue 16.1% 28.8% (1.5)% 7.4% 33.7% 34.3% ⚫ Turned EBITDA positive in the current year 124.9% 1237.2% ⚫ Continued ramp up of BMC in current year
Slide 17: Segmental Review: Medical Centers
Segmental Review Medical Centers 17
Slide 18: Medical Centers Segment | Financial Performance Update
Medical Centers Segment | Financial Performance Update Revenues (AEDm)1 Commentary % OP Utilisation ⚫ Medical centres under the Burjeel brand continued their robust 74.8% 75.3% performance resulting in 12.4% revenue growth 9.6% ⚫ In this segment, revenue growth is mainly driven by Burjeel 385 Medica
Slide 19: Strategic Priorities
Strategic Priorities 19
Slide 20: Focused Strategy, Clear Delivery
Focused Strategy, Clear Delivery Ramp Up Of Increasing Operational Geographic Growth Assets Patient Yield Excellence Expansion Young asset fleet, with growth Elevate the delivery of Centralization and Deliver on our KSA entry to be driven by utilisation high-value complex care, digitization to ensur
Slide 21: A young asset fleet with growth to be driven by utilisation ramp-up
A young asset fleet with growth to be driven by utilisation ramp-up Asset maturity split for hospitals1 Inpatient bed occupancy 19% 25% Matured 16 hospitals Growth - medium 54% 56% Growth - high 41% 56% FY2020 FY2021 FY2022 We have significant headroom remaining, which will be utilized with increasi
Slide 22: Middle East & Africa key regions; Saudi Arabia core to growth strategy
Middle East & Africa key regions; Saudi Arabia core to growth strategy Key region of focus – Middle East & Africa Expansion strategy – three key pillars 1 Primary care ⚫ Focus on diagnostics / consultations ⚫ Well-supported with digital solutions 2 Tertiary care Saudi Arabia (and other UAE neighbour
Slide 23: Network of Physiotherapy and Wellness centers across KSA
Network of Physiotherapy and Wellness centers across KSA Burjeel Holdings has entered into an agreement with Leejam Sports Company, the largest owner and operator of fitness centers in the GCC, to create a 50-50 Joint Venture Company that will establish and operate physiotherapy, rehabilitation and
Slide 24: Outlook
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Slide 25: FY 2023 Outlook
FY 2023 Outlook REVENUE GROWTH EBITDA MARGIN MAINTENANCE CAPEX NET LEVERAGE o Group revenue is o EBITDA margin expected o Maintenance CAPEX o Net Debt/EBITDA1 of expected to grow to improve to at least expected to be less than 2.5x to be organically in the high- 2021 levels approximately 2.5% of mai
Slide 26: Q&A
Q&A 26
Slide 27: Appendix
Appendix 27
Slide 28: Financial summary FY 2021 & FY 2022
Financial summary FY 2021 & FY 2022 Group Financial Summary Segmental Financial Summary AED Million FY22 FY21 YoY % AED Millions FY22 FY21 YoY % Revenue 3,924 3,351 17% Revenue 3,924 3,351 17% 1 Opex -3,046 -2,572 18% Hospitals 3,469 2,942 18% EBITDA2 878 779 13% Medical Centers 381 347 10% Net Prof
Slide 29: Burjeel Holdings
Burjeel Holdings FY 2022 EARNINGS PRESENTATION 21 February 2023