Rhon-klinikum Ag · XETR:RHK

Rhon-klinikum — H1 2015 Earnings Presentation

10 slides from Rhon-klinikum's earnings presentation, Aug 6, 2015

  1. Slide 1: First half-year results 2015

    RHÖN-KLINIKUM AG First half-year results 2015 August 6, 2015 Jens-Peter Neumann, CFO Dr. Kai G. Klinger

  2. Slide 2: Disclaimer

    Disclaimer  This document has been prepared by RHÖN-KLINIKUM AG (“RHÖN-KLINIKUM” or “the Company”) for information purposes only, solely for use during this presentation. It must be treated confidentially by attendees at such presentation and must not be distributed, passed on or otherwise disclose

  3. Slide 3: Highlights of second quarter 2015

    Highlights of second quarter 2015 Strong signal for sustainable governance structure from AGM  All supervisory board candidates elected with broad consent including the reappointment of Eugen Münch as chairman for next 5Y period  High acceptance of adjusted dividend policy and payout of €59m to sh

  4. Slide 4: Key P&L figures H1 2015

    Key P&L figures H1 2015 Performance* H1 2015 in € millions Resilient operating performance Revenue 555 100.0% only limited by headwind from 2015 pricing  Moderate outcome from recent tariff Personnel expenses -351 63.3% agreements Cost of materials -158 28.4%  Including € +23m extraordinary items

  5. Slide 5: Update on UKGM and potential regulatory changes

    Update on UKGM and potential regulatory changes UKGM H1 2015*: operating performance slightly improved in Q2 despite regulatory setbacks  Revenue growth +2.7% yoy  EBITDA margin 5.7% Interim findings of 2015 draft law on regulatory adjustments for hospitals (KHSG) for 2016 and beyond  Early stage

  6. Slide 6: Core balance sheet figures as of June 30, 2015

    Core balance sheet figures as of June 30, 2015 € 1,755m € 1,755m 47.7% € 837m Non-current assets € 1,238m 70.6% Equity Equity ratio € 918m 52.3% Current assets € 36 m 2.0% Non-current liabilities € 155m financial debt € 666m cash € 481m 27.4% Current liabilities Assets Equity & Liabilities  Net cas

  7. Slide 7: Acquisition of Kreisklinik Bad Neustadt

    Acquisition of Kreisklinik Bad Neustadt Profile  Typical general hospital with 225 beds (internal medicine, surgery, anesthesiology, dialysis, ENT, gynecology)  2014: Revenues € ~ 31.5m, ~ 10k inpatient and ~ 25k outpatient cases  Consolidation as of January 1, 2016  Target EBITDA margin after 5

  8. Slide 8: Outlook FY 2015 / Guidance

    Outlook FY 2015 Potential share repurchase in 2015  Clear intention of management board and supervisory board for another 10% buyback of registered share capital in 2015  Fix-price tender offer as preferred instrument in the light of the huge success of 2014 structure  Final terms such as offer p

  9. Slide 9: Financial calendar

    Financial calendar FY 2015  February 27, 2015 Preliminary results for financial year 2014  April 17, 2015 Press conference: publication of annual financial report 2014  May 7, 2015 Publication of interim report for the quarter ending March 31, 2015  June 10, 2015 Annual General Meeting (Jahrhund

  10. Slide 10: Appendix: Price regulation 2015

    Appendix: Price regulation 2015 Average base rate increase in states with RHÖN hospitals Federal Total hospital system budget (weighted by RHÖN case mix) Level  Reference number: +2.53% (wage sum increase) RHÖN effective base rate Benchmark (wage sum) Layer 1  Sector-specific cost index was at +1.

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