Vibhavadi Medical Center Public Co. Ltd. · SET:VIBHA
Vibhavadi Medical Center Public — Q3 2022 Earnings Presentation
34 slides from Vibhavadi Medical Center Public's earnings presentation, Dec 8, 2022
Slide 1: Vibhavadi Medical Center Q3/2022
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Slide 2: Disclaimers
DISCLAIMERS The information contained in this presentation is For information purposes only. This presentation contains Forward looking statements which reflect management's current views and estimates. The Forward-looking statements involve certain risks and uncertainties that could cause actual re
Slide 3: Business Overview, Q3/2022 Review, Financial performance, Upcoming trends
Business Overview Q3/2022 Review Financial performance and operational statistics Upcoming trends
Slide 4: Vibhavadi
+ Vibhavadi HOSPITAL Tsywenuiadmod JV with VIBHARAM hospital group, targeting middle income population and Social Securites Segment ig & CY) Cy) t “aa ? 1986 1992 2009 2011 Establishment Listed in SET Establishment of PPS, Acquisition of CMR hospital of the company startingoFnon-core group, largest
Slide 5: Business Overview
0 BUSINESS OVERVIEW
Slide 6: Vibha Overview
VIBHA OVERVIEW VIBHA NETWORK Number of Number of Company hospitals beds
Slide 7: Medical Operation
wi Op) Eye and LASIK Center Accident and Emergency Department ER om @ @ Pediatrics Hemodialysis ¢ a vy Obstetrics and Gynecology Neurology - ff Orthopedic Surgery Dental Center M Y 3 a) Respiratory System Heart Center Surgery Gastrointestinal Center (Gl)
Slide 8: Company's Subsidiaries
COMPANY’S SUBSIDIARIES Name Abbreviation Status Business % Ownership ail of sso Vibhavadi Hospital VIBHA Parent 100.00 400 N Lanna Hospital LANNA 83.55 330 Y Chiangmai Ram Hospital CMH 47:09 220 N Hospital Theppanya Hospital 1&2 TPY 47.09 170 Y Hariphunchai Ram Hospital HARI = 7243 220 Y 3 Ramkhamha
Slide 9: Company's Associates
COMPANY'S ASSOCIATES Name Abbreviation Status Business % Ownership nal cir sso Vibharam Hospital VBR 33.73 1000 + Y Bangpo General Hospital BANGPO 28.57 100 N Khelangnakorn-ram Hospital KL 5 Hospital 11.99 100 N Maesot-ram Hospital Pw 3 23.54 100 N Chiangrai Inter Hospital WCH 21.79 100 N Thippayaba
Slide 10: Geographic locations
Geographic locations CMR Group (Subsidiary) Vibhavadi Hospital : VIBHA Bangpo General Hospital : BANGPO Lanna Hospital : LANNA (Associate) Chiangmai Ram Hospital : CMH Vibharam Group : VBR (Associate) Theppanya Hospital (1&2) : TPY - Vibharam Pattanakarn Hospital - Vibharam Nawamin Hospital - Vibhar
Slide 11: Patient mix diversification
Patient mix diversification Medical Sophistication Secondary Tertiary Super Tertiary High income International Target Patients / Purchasing Power CMR Group income Middle SSO & UCEP VBR Group
Slide 12: Share Holding Structure
SHARE HOLDING STRUCTURE Name % of Shareholding 1 F&S 79 COMPANY LIMITED 15.35% 2 MR. CHAISITH VIRIYAMETTAKUL 15.00% 3 SYNPHAET HOSPITAL COMPANY LIMITED 8.84% 4 RAMKHAMHAENG HOSPITAL PUBLIC COMPANY LIMITED 709% 5 CHAO PHYA HOSPITAL PUBLIC COMPANY LIMITED 5.92% 6 MR. PISUTH VIRIYAMETTAKUL 431% 7 VIBHA
Slide 13: Q3/2022 overview
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Slide 14: Q3 Y2022 financial data
Q3 Y2022 financial data Total Revenue Total EBITDA Net Income* Revenue Q3 Y2021 Q3 Y2022 EBITDA
Slide 15: 9M Y2022 financial data
9M Y2022 financial data Total Revenue Total EBITDA Net Income* Revenue 9M Y2021 9M Y2022 EBITDA
Slide 16: Financial performance trends
FINANCIAL performance trends 2,493 2,385 2,449 2,241 1,981 Revenues 1,706 1,631 1,725 1,679 1,721 1,327 1,086 926 753 676 648 EBITDA* 400 532 439 487 279 125 687 746 Net Profit 526 423 387 197 338 233 285 (43) 72 Q1 Y2020 Q2 Y2020 Q3 Y2020 Q4 Y2020 Q1 Y2021 Q2 Y2021 Q3 Y2021 Q4 Y2021 Q1 Y2022 Q2 Y20
Slide 17: Financial performance and operational statistics
Financial performance and operational statistics
Slide 18: Revenue component – consolidated (by type of service)
Revenue component – consolidated (by type of service) Unit : Million Baht Other income Millions 7,900 Average 2021 Gain/(loss) on revaluation of 6,900 investments Covid-19 treatment Dividend income 5,900 VIBHA 20.15% CMR 7.65% Gain on sale of investments 4,900 VBR 38.28% 3,900 Rental and service inc
Slide 19: Net profit component – consolidated (by source)
Net profit component – consolidated (by source) Unit : Million Baht Million Baht 900 Elimination 700 Share profit from associates 500 Other subsidiaries CMR 300 VIBHA 100 (100) (300) Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022
Slide 20: Share profit for associates
Share profit for associates Unit : Million Baht Q1 Y2020 Q2 Y2020 Q3 Y2020 Q4 Y2020 Q1 Y2021 Q2 Y2021 Q3 Y2021 Q4 Y2021 Q1 Y2022 Q2 Y2022 Q3 Y2022
Slide 21: Dividend elimination
Dividend Unit : Million Baht Elimination *In 2021, there was a special dividend income from Serirak Hospital, 100 Million Baht. YE2020 YE2021 Q3/2022 9M/2022
Slide 22: Dividend income source
Dividend income source PERIOD Q1 2021 Q2 2021 Q3 2021 Q4 2021 Y 2021 Q1 2022 Q2 2022 Q3 2022 RAM 55.27 0.00 28.28 28.94 112.49 64.32 0.00 40.20 SKR 0.00 24.19 0.00 0.00 24.19 0.00 36.77 24.51 TNH 0.00 0.00 0.00 10.06 10.06 0.00 0.00 0.00 BCH 0.00 0.00 0.42 0.00 0.42 0.00 20.70 10.60 DCC 0.00 6.68 5.
Slide 23: Net investments in 2022
NET INVESTMENTS IN 2022 Amount invested Code (Million Baht) BCH 497.26 CGH (38.52) occ 28.48 RAM 0.07 RICHY 16.69 BCH 57.73% RICHY-W3. 0.00 SKR (6.64) STA 2591 STGT (74.10) TNH 17372 % ownership (as of 30/9/2022) 126% 0.00% 121%
Slide 24: Total investments (in SET) as of September 2022
total investments (in set) as of SEPTEMBER 2022
Slide 25: Total investments (not in SET) as of September 2022
Total investments (not in set) as of SEPTEMBER 2022 Unit : Thousand Baht Synphaet H. 589,000 10.00% 35.47 50.78 Legacy Golf 197,260 10.00% -0.33 9.02 Chao Phaya H. 78,863 7.69% 2.49 17.41 Nawanakorn 18,094 4.43% 2.11 10.89 Seriruk H. 10,000 10.00% 43.42 10.00 Innovation 8,290 7.00% 0.79 15.79
Slide 26: Patient trends (Vibha+CMR)
Patient trends (vibha+cmr) General Patient SSO Patient OPD IPD
Slide 27: Financial Data
Financial Data (Unite : Million Baht) YE2017 YE2018 YE2019 YE2020 YE2021 Q3/2022 Assets 15,446 15,547 19,630 21,175 28,427 31,379 Liabilities 6,079 6,172 9,258 10,441 13,170 13,198 Equity (attributable to owners 7,013 7107 7,789 8171 12,184 14,447 of the parent) PERIOD Q3/2017 Q3/2018 Q3/2019 Q3/202
Slide 28: Financial Ratio
Financial Ratio ie ~ a - in ROA (%) ROE (%) 1258 1025 10.86 564 174 1458 Net Profit (%) 17.00 13.18 1445 8.50 2478 18.91 Market Cap. (MB) 33,784 26399 23,744 19,657 35,840 36,927 P/E 40:12 3140 3150 6771 2495 2052 P/BV 496 370 3312 2.60 350 256 Eads arated Sbate 0.52 054 0.58 057 075 1.06 Dividend Y
Slide 29: Upcoming trends
~ UPCOMING TRENDS
Slide 30: Hospital expansion timeline Y2023–Y2026
Y2026 - Thonburi Rangsit Y2025 Hospital VBR – Onnut - VBR Amata 2 (Pan Y2024 (250 beds), 1,800MB Thong) VBR – Borwin - VBR Rayong Y2023 (150 beds), 1,000MB VBR – Laemchabang OPD building & Parking building, 400MB
Slide 31: New Projects
New Projects Thonburi Vibharam Vibharam Vibharam Rangsit Chaiprakarn Amata 2 Rayong Hospital (Pan Thong)
Slide 32: Future trends
Future trends
Slide 33: What to expect
What to expect THIS YEAR NEXT YEAR In Q4 2022, we expect as follows; In 2023, we expect net VIBHA : income to be slightly - net income to be less than last year because (1) there was high amount of less than this year revenue from Covid-19 patients last year and, (2) there was special because; divid
Slide 34: Thanks!
Thanks! Vibhavadi Hospital +66 2 561 1111 corporateaccounting@vibhavadi.com www.vibhavadi.com www.facebook.com/hospital4 @VibhavadiHospital
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