Sonic Healthcare Limited · ASX:SHL
Sonic Healthcare — Shareholder Meeting (November 2007)
26 slides from Sonic Healthcare's shareholder meeting presentation, Nov 30, 2007
Slide 1: Annual General Meeting
For personal use only Annual General Meeting 30 November 2007 Dr Colin Goldschmidt CEO / Managing Director
Slide 2: FY 2007 Financial Highlights
FY 2007 Financial Highlights For personal use only ¾ Record result delivered ¾ 2007 guidance achieved
Slide 3: FY 2008 Guidance
FY 2008 Guidance For personal use only ` Revenue growth 20 – 25% ` Earnings per share growth >12% Variables: ` Acquisition settlement timing ` Assumes capital raising ` Foreign exchange rates ` Interest rates ` No German synergies assumed in 2008
Slide 4: Update FY 2008
Update FY 2008 For personal use only ` After four months trading, Sonic expects to achieve its full-year guidance ` Exchange rate movements ` Second half expected to be significantly stronger than first half ` Acquisitions in first half ` Costs associated with restructuring from acquisitions ` Radio
Slide 5: Capital Raising / Share Purchase Plan
Capital Raising / Share Purchase Plan For personal use only ` Capital raising of A$400 million to fund acquisitions ` Completed on 23 August, 2007 ` Raising 3X oversubscribed ` Price @ 5% discount ($14.20) to market price ` Share Purchase Plan (SPP) ` Now completed, with over 60% participation, ` $6
Slide 6: Healthcare 20th Anniversary
Sonic Healthcare 20th Anniversary For personal use only ` September 1987 ` Lists on Australian Stock Exchange ` September 2007 ` Acquires Bioscientia in Germany ` Strong growth prospects ` Australia, USA, Europe
Slide 7: Healthcare Profile I
Sonic Healthcare Profile I For personal use only ` A Medical Diagnostics Company ` Laboratory Medicine ` Radiology ` Primary Care - Medical Centres ` A Growth Company ` Current annualised revenue ~A$ 2.3 billion ` Current market capitalisation ~A$ 5.6 billion ` Unique Sonic Healthcare Model ` Medica
Slide 8: Healthcare Profile II
Sonic Healthcare Profile II For personal use only ` Ethical and professional work practice ` Corporate and laboratory operations ` A Medical practice (more than a business) ` Non-bureaucratic, yet outcome orientated ` Industry and market leadership ` High quality services ` Innovation and efficiency
Slide 9: Healthcare Profile III
Sonic Healthcare Profile III For personal use only ` Largest lab company in Australia ` Largest lab company in Europe ` Largest independent lab in the UK ` Third largest lab company in the USA ` Only international lab company in the world ` Australia ` New Zealand ` UK ` Germany ` Switzerland ` USA
Slide 10: Financials: Revenue
Sonic Financials Revenue For personal use only 1987 2008 Revenue (A$ million) 12 ~2,300
Slide 11: Revenue Mix
Sonic Revenue Mix 2007 - Annualised For personal use only
Slide 12: Sonic Revenue Mix
For personal use only Sonic Revenue Mix
Slide 13: Sonic Revenue Mix
For personal use only Sonic Revenue Mix
Slide 14: Financials: Earnings per Share
Sonic Financials Earnings per Share For personal use only 1987 2007 Earnings per Share (A$) $0.00 $0.66
Slide 15: Full-year dividend History
Full-year dividend 13 Year History For personal use only 1987 2007 Full-year dividend (A$) 0 0.46
Slide 16: Financials: Market Capitalisation
Sonic Financials Market Capitalisation For personal use only A$ 5.6 billion £ 2.4 billion € 3.5 billion US$ 5.0 billion 1987 2007 Market capitalisation (A$ million) 10 5,600
Slide 17: Financials: Share Price
Sonic Financials Share Price For personal use only A$ 16.80 1987 2007 Stock Price (A$) $0.10 $16.80
Slide 18: Imaging
Sonic Imaging For personal use only ` Annual revenue in FY 2007 : $327 million ` ~ 14% of Sonic’s annualised ‘07 revenue ` Radiology market conditions (Australia) ` Global radiologist shortage (now easing), labour cost pressures (radiologists and technicians), MRI licensing restrictions, public hosp
Slide 19: UK
UK For personal use only ` Sonic acquires TDL in 2002 ` Sonic acquires Omnilabs in 2003 ` TDL – Omnilabs merger in 2004 ` TDL is the largest independent laboratory in the UK ` UK Government decision to outsource NHS lab contracts ` Sonic/TDL wins UCLH NHS contract in 2004 ` Sonic/TDL wins Ealing NHS
Slide 20: Germany: Schottdorf Group
Germany Schottdorf Group For personal use only ` Laboratory features ` Largest laboratory by volume in Europe ` National network, impressive systems and workflow ` High level of efficiency ` Sonic and Schottdorf Group ` Sonic currently owns 62% of Schottdorf ` Corporate restructure in progress, assi
Slide 21: Germany: Bioscientia
Germany Bioscientia For personal use only ` Sonic completed acquisition of Bioscientia September, 2007 ` Bioscientia profile ` One of Europe’s top laboratories and one of five national labs in Germany ` Extensive referral network from Middle East and Africa ` College of American Pathologists (CAP) a
Slide 22: Healthcare in Germany: Market Leadership
Sonic Healthcare in Germany For personal use only ` Market Leadership ` Bioscientia + Schottdorf = Strong market force! ` Sonic is No. 1 or No. 2 player in Germany (Limbach joint ventures) ` Sonic is No. 1 lab player in Europe (TDL, Schottdorf, Bioscientia, Medica) ` Collaboration between Bioscienti
Slide 23: Switzerland
Switzerland For personal use only ` Sonic acquired Medica in May 2007 ` Medica’s main laboratory based in Zurich ` Service provision throughout Switzerland ` Excellent cultural fit with Sonic ` Reputation for service and scientific excellence ` Management ` Founder Dr Franz Kaeppeli to continue in r
Slide 24: USA
USA For personal use only ` Sonic entered US lab market in late 2005 ` Acquisitions ` CPL, AEL, Sunrise Medical Laboratories ` Others: Cognoscenti, Mullins, etc ` Sonic establishes US corporate office ` Holding company – Sonic Healthcare USA, Inc. ` Corporate team located in Austin, Texas ` Dr Rober
Slide 25: Healthcare Global Model
Sonic Healthcare Global Model For personal use only ` A uniquely differentiated model ` Medical Leadership ` Pathologists/Staff engaged ` Federation structure ` Identity of local labs ` Decentralised management ` Personalised service ` Focus on our people ` Happy staff… ` Co-operative synergy model
Slide 26: Thank You
For personal use only Thank You
Sonic Healthcare — Shareholder Meeting (November 2007) on 6ix