Apollo Hospitals Enterprise Limited · NSE:APOLLOHOSP
Apollo Hospitals Enterprise — Q1 FY2012 Earnings Presentation
21 slides from Apollo Hospitals Enterprise's earnings presentation, Sep 29, 2011
Slide 1: Q1 FY 2012 Earnings Update
Q4 FY 2012 Earnings Update Q1 FY 2012 Earnings Update 1
Slide 2: Safe Harbour
Safe Harbour No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the
Slide 3: Contents
Contents • Q1 Highlights • Consolidated Financial Performance • Standalone Financial Performance • Operational Performance - Hospitals • Operational Performance - Retail Pharmacy • Update on Projects • Update on non-hospital JVs, Associates 3
Slide 4: Q1 Highlights – (1/2) Financial Performance
Q1 Highlights – (1/2) • Q1 FY12 Consolidated Revenues of Rs 7,234 million (up 22.4% yoy) Financial Consolidated EBITDA of Rs 1,197 million (up 21.4% yoy) Performance • • Consolidated EBITDA margin at 16.5% as compared to 16.7% in Q1 FY11 • Consolidated PAT of Rs 545 million (up 30.3% yoy); 7.5% PAT
Slide 5: Q1 Highlights – (2/2) Medical Initiatives Accomplishments
Q1 Highlights – (2/2) • Completed 100 liver transplants in Chennai and continues to be the largest cadaver Medical Initiatives liver transplant program in India. & The Apollo Hospitals Group conducted its 1,000th tissue transfer surgery in April, 2011. Accomplishments • • Apollo Chennai team has don
Slide 6: Contents
Contents • Q1 Highlights • Consolidated Financial Performance • Standalone Financial Performance • Operational Performance - Hospitals • Operational Performance - Retail Pharmacy • Update on Projects • Update on non-hospital JVs, Associates 6
Slide 7: Consolidated Financial Performance
Consolidated Financial Performance Rs Mio Q1FY11 Q1FY12 yoy (%) Income from Operations 5,560 6,787 22.1% Add: Share of JVs 350 447 27.7% Total Revenues 5,910 7,234 22.4% EBITDA 986 1,197 21.4% margin (%) 16.7% 16.5% -13 bps Profit After Tax 418 545 30.3% • Revenue growth of 22.4% from Rs 5910 millio
Slide 8: Contents
Contents • Q1 Highlights • Consolidated Financial Performance • Standalone Financial Performance • Operational Performance - Hospitals • Operational Performance - Retail Pharmacy • Update on Projects • Update on non-hospital JVs, Associates 8
Slide 9: Standalone Financial Performance – (1/2)
Standalone Financial Performance – (1/2) ` Mio Q1 FY 11 Q1 FY 12 yoy (%) Key Highlights Revenue 5,233 6,410 22.5% • Revenue s of Rs 6410 million, 22.5% yoy growth Operative Expenses (2,857) (3,535) 23.7% • EBITDA at Rs 1059 million, 19.9% yoy growth Employee Expenses (786) (962) 22.4% • EBIT at Rs 8
Slide 10: Standalone Segment-wise Performance – (2/2)
Standalone Segment-wise Performance – (2/2) ` Mio Q1 FY 11 Q1 FY 12 yoy (%) Revenues from each segment Heathcare Services * 3,836 4,514 17.7% Key Highlights Stand-alone Pharmacy 1,397 1,898 35.9% • Healthcare services Revenues at Rs Other Income 36 47 4514 million, 17.7% yoy growth. Total 5,269 6,45
Slide 11: Contents
Contents • Q1 Highlights • Consolidated Financial Performance • Standalone Financial Performance • Operational Performance - Hospitals • Operational Performance - Retail Pharmacy • Update on Projects • Update on non-hospital JVs, Associates 11
Slide 12: Operational Performance - Hospitals
Operational Performance - Hospitals ` Mio AHEL Standalone Hospitals Chennai cluster Hyderabad cluster Others (1) Significant subs/ JVs/ associates (2) Particulars Q1FY11 Q1FY12 Growth yoy Q1FY11 Q1FY12 Growth yoy Q1FY11 Q1FY12 Growth yoy Q1FY11 Q1FY12 Growth yoy (%) (%) (%) (%) No. of Operating beds
Slide 13: Contents
Contents • Q1 Highlights • Consolidated Financial Performance • Standalone Financial Performance • Operational Performance - Hospitals • Operational Performance - Retail Pharmacy • Update on Projects • Update on non-hospital JVs, Associates 13
Slide 14: Operational Performance – Retail Pharmacy
Operational Performance – Retail Pharmacy ` Mio Batch Particulars Q1 FY'11 Q1 FY'12 yoy % No of Stores 317 311 Upto FY 2007 Batch Revenue/store 1.89 2.20 16.5% EBITDA /store 0.09 0.11 29.5% EBITDA Margin % 4.6% 5.1% 51 bps No of Stores 1,066 1,220 Total Area Sq ft/store 318 306 Total Revenue/store 1
Slide 15: Contents
Contents • Q1 Highlights • Consolidated Financial Performance • Standalone Financial Performance • Operational Performance - Hospitals • Operational Performance - Retail Pharmacy • Update on Projects • Update on non-hospital JVs, Associates 15
Slide 16: Key Hospital Expansion Plan & Update on Execution
Key Hospital Expansion Plan & Update on Execution Total Focus on owned hospitals Estimated AHEL's No. of owned hospitals to increase to over 46 from No of Project Cost Share of 37 Location CoD* Type of Hospital Beds (Rs.mn) Cost (Rs.mn) Mumbai Cluster No. of owned beds to go up to over 8,000 fro
Slide 17: Contents
Contents • Q1 Highlights • Consolidated Financial Performance • Standalone Financial Performance • Operational Performance - Hospitals • Operational Performance - Retail Pharmacy • Update on Projects • Update on non-hospital JVs, Associates 17
Slide 18: Update on non hospital JVs, Associates
Update on non hospital JVs, Associates ` Mio Apollo Health Street Ltd Particulars Q1 FY 11 Q1 FY 12 yoy (%) Y-O-Y revenue growth of 13% Total Income 1,083.9 1,220.3 12.6% Expansion in EBDITA margins by 222 bps at 15.7% in Q1FY12 as compared to 13.5% EBITDA 146.6 192.1 31.0% in Q1FY11. EBITDA Mar
Slide 19: Q&A
Q&A 19
Slide 20: Appendix: Basis of Consolidation
Appendix: Basis of Consolidation AHEL Standalone Location Description Chennai Main Chennai Hospital ASH - Chennai Chennai Hospital Tondiarpet - Chennai Chennai Hospital FirstMed - Chennai Chennai Hospital Apollo Children's Hospital Chennai Hospital Madurai Madurai Hospital Karur Karur Hospital Karai
Slide 21: Hospitals – Understanding Key Operating Metrics
Hospitals – Understanding Key Operating Metrics Description Formula / Calculation Key Driver • Number of operating • - • Project execution Operating Beds beds • Capital Expenditure x • In-patient Bed Days • In-patient Bed Days • Brand Outpatient Occupancy Visits Billed • Doctor reputation • Quality
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