Humana Inc. · NYSE:HUM
Humana — Q4 2022 Earnings Presentation
15 slides from Humana's earnings presentation, Feb 9, 2023
Slide 1: Interim Report Q4 2022
Everyone is entitled to a good life. Interim Report Q4 2022 February 9, 2023
Slide 2: Events after the reporting period
Events after the reporting period Humana Assistans permit CFO Fredrik Larsson process - Interim Report Q4 2022 - 2
Slide 3: Improved profitability and good organic growth
Improved profitability and good organic growth Historically high Improved Inflation Staffing organic growth profitability Challenging outlook Stepping forward in Earn-out requires increased social contribution adjustment efficiency - Interim Report Q4 2022 - 3
Slide 4: Revenue & EBIT Contribution
Revenue & EBIT Contribution Share of Revenue in Q4 2022 Share of EBIT* in Q4 2022 * Net central admin costs - Interim Report Q4 2022 - 4
Slide 5: Financial targets and development
Financial targets and development Organic Growth Profitability Capital Structure - Interim Report Q4 2022 - 5
Slide 6: Performance breakdown
Performance breakdown EBIT Bridge (LY to Actual) Key Drivers Adj: 85m Adj: 89m - Interim Report Q4 2022 - 6
Slide 7: Personal Assistance
Personal Assistance Acquired growth with margin pressure Performance Key Takeaways • Sales growth of 23%, negative organic contribution of approximately -2% • Positive one-off effect of +32m following adjustment for new assessment of earn- out • Increased staff costs, overhead cost for assistants, w
Slide 8: Individual & Family
Individual & Family Strong profitable growth Performance Key Takeaways • Strong growth of 10%, organic contribution of 9% • Strong demand • High occupancy in Child and Youth as well as Adults • Price adjustments giving effect • Profitability improving • Helped by high occupancy • Inflation costs wei
Slide 9: Elderly Care
Elderly Care Continued positive contribution Performance Key Takeaways • Good ramp-up pace, organic growth of 11% • Effect on efficiency program and market activities to increase occupancy • Offset by increased higher personnel cost due to sick leave and inflation • New care home in Täby to open in
Slide 10: Finland
Finland Strong growth, combatting staff costs and inflation effect Performance Key Takeaways • Strong demand and high growth with organic growth of 12% • Continued strained margins • High costs for sick leave and staffing challenges • Inflation effect • Shifting towards more specialized care within
Slide 11: Norway
Norway Investments in long-term stability and combat challenges in Young Performance Key Takeaways • Stable demand • Increased number of clients, mainly in Child and Youth and Personal assistance • Political climate and regulatory requirements adds pressure in particularly Child and Youth • Wage inc
Slide 12: Cash Flow
Cash Flow Cash flow increased through decreased working capital, partly offset by increased paid interest - Interim Report Q4 2022 - 12
Slide 13: Quality and social sustainability
Quality and social sustainability Quality competition • Continue measuring quality through HQI • Monitor serious repeated deviations • HQI in Q4 2022: 76 • Social outcome measurements presented on web page • Continue to add more measurements and update existing measures • Drafting of social outcome
Slide 14: Summary
Summary Focus going forward A quarter with positive signals, bridging the profitability gap YoY and taking a major step forward in quality competition - Interim Report Q4 2022 - 14
Slide 15: Thanks!
Thanks! Financial Calendar Further Information Ewelina Pettersson Interim report Jan-Mar, Q1 2023 4 May 2023 Interim report Jan-Jun, Q2 2023 21 Jul 2023 IR manager +46 73 074 7912 ewelina.pettersson@humana.se - Interim Report Q3 2022 - 15