Pure Health Holding Pjsc · ADX:PUREHEALTH
Pure Health Holding Pjsc — PureHealth — H1 2025 Earnings Presentation
37 slides from Pure Health Holding Pjsc's earnings presentation, August 2025
Slide 1: Earnings Presentation H1 2025
Earnings Presentation H1 2025 - August 2025
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by PureHealth (the “Company”) for general use only and is not necessarily comprehensive as it has not been independently verified, nor is it considered or constitutes part of any invitation or inducement to engage in any investment activity, nor does it
Slide 3: Contents
Contents Performance and Operational Highlights 4 Overview & Strategy 6 Segment Review 12 Financial Review 18 Outlook & Guidance 24 Appendix 26
Slide 4: H1 2025 Performance Highlights
H1 2025 Earnings Presentation H1 2025 Performance Highlights Solid performance in H1 with sustained momentum in Q2, supported by broad-based growth across the Care and Cover verticals Group Financial Results (YoY) Care (Healthcare) Cover (Insurance) Hospitals Diagnostics Procurement Technology Healt
Slide 5: H1 2025 Operational Highlights
H1 2025 Earnings Presentation H1 2025 Operational Highlights Driving strategic growth through transformation, operational efficiencies, tech-enablement and targeted acquisitions. Care (Healthcare) Cover (Insurance) Strategic Partnership with Circle Health successfully Rafed appointed as the Abu Dhab
Slide 6: Overview & Strategy
Overview & Strategy
Slide 7: A Healthcare Transformation Leader Across Care and Cover
H1 2025 Earnings Presentation A Healthcare Transformation Leader Across Care and Cover Leading Position Across Global Healthcare Markets UAE’s Largest UK’s Largest UAE’s Largest Healthcare Group Private Healthcare Group Health Insurer Circle Health Daman 24 50+ 3.2 Mn+ Hospitals Hospitals Members In
Slide 8: Leading Presence in Large and Fast-Growing Healthcare Markets
H1 2025 Earnings Presentation Leading Presence in Large and Fast-Growing Healthcare Markets #1 UAE Healthcare Provider #1 UK Private Healthcare Provider #1 UAE Health Insurance Provider AED 56B GBP 7B 4% 1 5% AED 21B 2 8% UAE Healthcare Provision 2023-2028E UK Private Hospitals 2023-2029E UAE Health
Slide 9: Strategic Entry into the Property & Casualty (P&C) Insurance Market
H1 2025 Earnings Presentation Strategic Entry into the Property & Casualty (P&C) Insurance Market Building on the strong foundation of Daman, ranked the 4th UAE Property & Casualty Lines of Business, excluding Motor strongest brand across all sectors in the UAE by Brand Finance (AED Bn) +9% 26.5 B
Slide 10: Strategy Focused on Growth, Patient-Centered Ecosystem and Technological Enablement
H1 2025 Earnings Presentation Strategy Focused on Growth, Patient-Centered Ecosystem and Technological Enablement Solidify Growth Unlocking Growth Through Strategic Expansions In Core Platforms Digital and AI Enablement through M&A • Market share expansion across key • Monetization of network scale
Slide 11: Built to Scale: A Platform for Global Growth and Strategic Value Creation
H1 2025 Earnings Presentation Built to Scale: A Platform for Global Growth and Strategic Value Creation Enabling Expansion through Clinical Excellence, Cost Synergies, Strategic Positioning and Digital Infrastructure • Positioning PureHealth as a Clinical & Digital Uplift world-class, future-ready h
Slide 12: Segment Review
Segment Review
Slide 13: Care: Strong Growth Across Key Metrics
H1 2025 Earnings Presentation Care: Strong Growth Across Key Metrics Outpatient Volumes UAE Lab Volumes (in Thousands) (in Millions) +18% +13% +22% +19% 4,432 16.9 3,907 14.2 2,263 8.9 1,919 7.3 Q2 2024 Q2 2025 H1 2024 H1 2025 Q2 2024 Q2 2025 H1 2024 H1 2025 Inpatient Volumes UAE Prescriptions Dispe
Slide 14: UAE Care: Strong Growth in Patient Volumes with Improved Bed Utilization
H1 2025 Earnings Presentation UAE Care: Strong Growth in Patient Volumes with Improved Bed Utilization Outpatient Volumes Number of Surgeries (in Thousands) +24% +23% +14% +17% 3,405 34,541 30,213 2,899 1,767 1,430 18,324 14,881 Q2 2024 Q2 2025 H1 2024 H1 2025 Q2 2024 Q2 2025 H1 2024 H1 2025 The Gro
Slide 15: UAE Care: Patient-Driven Growth with Temporary Impact on Margins
H1 2025 Earnings Presentation UAE Care: Patient-Driven Growth with Temporary Impact on Margins Revenue (in AED Mn) Commentary +10% +7% • UAE Care revenue growth was driven by rising 6,224 6,641 patient volumes, supported by capacity expansion, new clinic openings, extended hours and the 3,493 onboar
Slide 16: UK Care: Robust Organic Growth and Bolt-On Expansion
H1 2025 Earnings Presentation UK Care: Robust Organic Growth and Bolt-On Expansion 1 Total Patient Interactions Revenue (in Thousands) (in GBP Mn) +1% +2% +4% +4% 1,040 1,059 667 640 505 512 316 327 Q2 2024 Q2 2025 H1 2024 H1 2025 Q2 2024 Q2 2025 H1 2024 H1 2025 Commentary EBITDA / Margin (in GBP Mn
Slide 17: Cover: Strong Results Across All Metrics
H1 2025 Earnings Presentation Cover: Strong Results Across All Metrics Gross Written Premium Claims Processed Members Insured (in AED Bn) (in Millions) (in Millions) +8% +6% 25.3 27.0 4.9 +6% 4.5 3.3 3.1 H1 2024 H1 2025 H1 2024 H1 2025 Solvency Ratio % Combined Ratio % 165% 171% 94% 88% H1 2024 H1 2
Slide 18: Financial Review
Financial Review
Slide 19: Care: Strong Revenue Growth Supported by Increased Capacity
H1 2025 Earnings Presentation Care: Strong Revenue Growth Supported by Increased Capacity Commentary AED Mn Q2 2024 Q2 2025 Δ% H1 2024 H1 2025 Δ% • Revenue rose strongly, primarily driven by patient volume and increased capacity and service expansion across UAE & UK • EBITDA margin slightly declined
Slide 20: Cover: Sustained Revenue Growth with Improved Margins
H1 2025 Earnings Presentation Cover: Sustained Revenue Growth with Improved Margins Commentary AED Mn Q2 2024 Q2 2025 Δ% H1 2024 H1 2025 Δ% • Growth in the insurance segment is driven by expansion into underpenetrated segments • Membership rose 6% YoY, reflecting strong customer trust and a compelli
Slide 21: Group: Strong Revenue Growth Trajectory with Stable Margins
H1 2025 Earnings Presentation Group: Strong Revenue Growth Trajectory with Stable Margins Commentary AED Mn Q2 2024 Q2 2025 Δ% H1 2024 H1 2025 Δ% • Across both Care & Cover, total revenue growth continued its momentum into Q2 driven by strong performance in Cover and sustained growth in Care Revenue
Slide 22: Free Cash Flow Positively Turned Around
H1 2025 Earnings Presentation Free Cash Flow Positively Turned Around AED Mn H1 2024 H1 2025 Working Capital Changes H1 2025 EBITDA 2,156 2,319 (in AED Mn) 1 Change in Net Working Capital (2,766) (2,708) Trade and other receivables (3,039) Due from related parties (248) Other operating activities 19
Slide 23: Strong Financial Position Supporting Strategic, Value-Driven Investments
H1 2025 Earnings Presentation Strong Financial Position Supporting Strategic, Value-Driven Investments Commentary Total Assets (AED Bn) Cash & Bank Balance (AED Bn) Net Debt / EBITDA • The balance sheet remains strong, with a Net Debt to EBITDA ratio of 1.4x 50.0 7.7 1.4x • Net debt includes lease l
Slide 24: Outlook & Guidance
Outlook & Guidance
Slide 25: On Track Toward Medium-Term Strategic and Financial Targets
H1 2025 Earnings Presentation On Track Toward Medium-Term Strategic and Financial Targets 2 Revenue International EBITDA CAPEX as % Net Debt 1 Growth Revenue Share Margin of Revenue / EBITDA H1 2025 Results +9% 18.5% 17.1% 2.2% 1.4x Medium-Term Target Mid-to High Teens c.50% Low 20s <5% 3.0x (2025-2
Slide 26: Appendix
Appendix
Slide 27: Overview of Our Integrated Portfolio of Healthcare Assets
H1 2025 Earnings Presentation Overview of Our Integrated Portfolio of Healthcare Assets Care (Healthcare) Cover (Insurance) Hospitals Diagnostics Procurement Technology Health Insurance H1 2025 Segment Value & Contribution in % Revenue AED 9,852 Mn (57%) AED 563 Mn (3%) AED 2,599 Mn (15%) AED 367 Mn
Slide 28: Balance Sheet
H1 2025 Earnings Presentation Balance Sheet AED Mn FY 2024 H1 2025 Δ% Total Non-Current Assets 25,844 27,750 7% Right of use assets 11,019 11,541 5% Intangible Assets 8,644 8,960 4% Property & equipment 3,277 3,275 0% Other non-current assets 2,904 3,974 37% Total Current Assets 22,731 22,299 -2% Tr
Slide 29: Income Statement
H1 2025 Earnings Presentation Income Statement AED Mn Q2 2024 Q2 2025 Δ% H1 2024 H1 2025 Δ% Revenue 6,388 6,993 9% 12,504 13,574 9% Cost of sales (4,811) (5,433) 13% (9,297) (10,266) 10% Gross profit 1,577 1,560 -1% 3,207 3,308 +3% G&A expenses incl. selling & distribution (979) (980) 0% (2,044) (2,
Slide 30: Cash Flow Statement
H1 2025 Earnings Presentation Cash Flow Statement AED Mn Q2 2024 Q2 2025 Δ% H1 2024 H1 2025 Δ% Net Profit for the period before tax 537 614 14% 1,056 1,175 11% Non-cash Adjustments 553 562 2% 1,119 1,155 3% 1 Working Capital Changes (1,262) 577 -146% (2,766) (2,708) -2% Employees’ end of service ben
Slide 31: Sub-Specialty and Complex Care with Strong Clinical Performance
H1 2025 Earnings Presentation Sub-Specialty and Complex Care with Strong Clinical Performance Transplants Groundbreaking Advanced Pediatric & 17 Liver and 62 Kidney Transplants carried out in H1 2025 with a total of 733 Kidney Transplants to date Vascular Treatments SEHA achieved a successful pediat
Slide 32: Economic Drivers Powering the UAE Healthcare Market
H1 2025 Earnings Presentation Economic Drivers Powering the UAE Healthcare Market UAE Resident Population Growth (in Mn) +2% +1% Strong Economic Growth CAGR CAGR 13.7 UAE plans to grow its GDP to $800bn by 2030, from $400bn recorded in 12.2 10.6 2021 2023 2030 2040 Favourable Demographic Trends
Slide 33: Market Tailwinds Driving Sustainable Growth in UAE Health Insurance
H1 2025 Earnings Presentation Market Tailwinds Driving Sustainable Growth in UAE Health Insurance Total Health Insurance Market Universal Coverage Population Growth (AED Bn) Mandate (90% Expat) Regulatory rollout across all Demand for employer- Emirates expands TAM sponsored and individual plans ris
Slide 34: Largest Number of Tertiary Care Hospitals and Specialities Across UAE
H1 2025 Earnings Presentation Largest Number of Tertiary Care Hospitals and Specialities Across UAE Tertiary Care Hospitals UAE’s Largest Speciality Services and Tertiary Care Network 24 11 Hospitals Tertiary Care Sheikh Khalifa Hospitals Northern Emirates 730+ 4 Kidney Transplants Oncology Centers
Slide 35: Largest Healthcare Network in the UAE with End-to-End Patient Access
H1 2025 Earnings Presentation Largest Healthcare Network in the UAE with End-to-End Patient Access Digital Front Door Primary Clinics Hospitals 620k+ Users 60+ Clinics & Visa Screening Centers 24 Hospitals 240+ Hospital specialty clinics Sheikh Khalifa Hospitals Northern Emirates P. 35
Slide 36: Strategic Global Expansion: Leading Presence in UK Private Healthcare
H1 2025 Earnings Presentation Strategic Global Expansion: Leading Presence in UK Private Healthcare №1 18% Private provider Private Hospitals in the UK Market Share1 50+ 2 Mn+ Hospitals Annual Patient • Structural demand tailwinds, comprising an Visits ageing population and prolonged NHS backlog • R
Slide 37: Investor Relations
Investor Relations purehealth.ae/investor-relations ir@purehealth.ae