Aevis Victoria Sa · SIX:AEVS

Aevis Victoria Sa — FY2016 Earnings Presentation

15 slides from Aevis Victoria Sa's earnings presentation, Mar 27, 2017

  1. Slide 1: Annual Results 2016 Presentation

    Annual Results 2016 Presentation 27 March 2017

  2. Slide 2: Disclaimer

    Disclaimer • This communication contains statements that constitute “forward‐looking statements”. In this communication, such forward‐looking statements include, without limitation, statements relating to our financial condition, results of operations and business and certain of our strategic plans

  3. Slide 3: AEVIS VICTORIA – Group Structure

    AEVIS VICTORIA – Group Structure AEVIS VICTORIA SA • AEVIS VICTORIA is an investment company investing in services to people, healthcare, hospitality, life sciences and lifestyle • AEVIS VICTORIA is listed on the Swiss stock exchange SIX (AEVS) and part of the SPI, SLIFE and SBIO indices Hospital Ho

  4. Slide 4: AEVIS VICTORIA – Value Creation through M&A

    AEVIS VICTORIA – Value Creation through M&A 700 >100 100 90 600 Net revenue 74.6 >600 80 64.5 500 EBITDA 65.0 70 60.8 517.1 484.9 508.6 60 400 (CHF m) (CHF m) 402.5 50 40.0 300 40 15.1 306.8 200 24.0 30 0.6 4.2 8.8 10.5 181.5 20 8.9 188.5 100 7.4 7.5 122.7 119.1 128.8 112.9 10 53.4 69.1 73.1 0 0 200

  5. Slide 5: AEVIS VICTORIA – Highlights 2016

    AEVIS VICTORIA – Highlights 2016 Continuation of AEVIS VICTORIA’s growth strategy with three acquisitions:  Clinique Générale‐Beaulieu in Geneva integrated in Swiss Medical Network  Hotel Crans Ambassador in Crans‐Montana integrated in Victoria‐Jungfrau Collection  Diversification of investment p

  6. Slide 6: AEVIS VICTORIA – Share Price Development

    AEVIS VICTORIA – Share Price Development The AEVIS VICTORIA share price looks attractive  Current spot price (24.03.2017): CHF 58.50  60 days VWAP (24.03.2017): CHF 61.25  12‐month price target by Kepler Cheuvreux: CHF 68.00  Valuation by Ernst&Young (mid‐point): CHF 71.40 AEVIS VICTORIA shares

  7. Slide 7: AEVIS VICTORIA – Key Financials

    AEVIS VICTORIA – Key Financials Key figures 2016 FY2016 FY2016 FY2015 Pro Forma* Restated Comments (In thousands of CHF) • Total revenues reached CHF 592.6m Total revenue 664'870 592'595 576'058 for the first time and net revenues Net revenue 583'055 517'106 508'607 (medical fees excluded) amounted

  8. Slide 8: AEVIS VICTORIA – EBITDA Bridge Analysis

    AEVIS VICTORIA – EBITDA Bridge Analysis 110'000 12'053 90'000 13'764 1'377 2'863 70'000 (CHF m) 50'000 101'908 19.4% 74'605 76'091 30'000 64'513 14.4% 14.8% 12.7% 10'000 EBITDA 2015 EBITDA 2016 Non‐recurring Other EBITDA 2016 Loss Générale EBITDA 2016 (10'000) income/expense normalisation (normalise

  9. Slide 9: AEVIS VICTORIA – Segment Reporting

    AEVIS VICTORIA – Segment Reporting Annual results 2016 Hospitals Hospitality Real estate Others Corporate Eliminations Total (In thousands of CHF) 2016 Net revenue 3rd 443'187 59'888 3'525 10'483 23 ‐ 517'106 Net revenue IC 3'046 782 47'705 285 1'093 (52'911) ‐ Net revenue 446'233 60'670 51'230 10'7

  10. Slide 10: Key Figures Hospital Segment

    Key Figures Hospital Segment HOSTPITALS */ CLINICS PHYSICIANS 15/1 *Plus one affiliated hospital 1’782 BEDS NET REVENUE (in CHF million) 988 446.2 INTERVENTIONS EBITDAR (in CHF million)* 52’785 91.9 EBITDAR (CHF’000) • Revenue growth of 7.9% (with organic growth of 4.3% excluding acquisitions): 100'

  11. Slide 11: Key Figures Hospitality Segment

    Key Figures Hospitality Segment OVERNIGHT STAYS NET REVENUE (in CHF million) 169’000 60.7 1'177 Bellevue Palace, Victoria‐Jungfrau Grand Palace Luzern, Eden au Lac, Bern Hotel & Spa, Interlaken Luzern Zürich ROOMS EBITDAR (in CHF million) 587 12.2 417 Hotel Crans Ambassador, Crans‐Montana EMPLOYEES

  12. Slide 12: Key Figures Real Estate Segment

    Key Figures Real Estate Segment MARKET VALUE (in CHF million) EBITDAR (in CHF million) 1’148.3 42.4 Eden au Lac PROPERTIES LOCATIONS 44 17 Victoria-Jungfrau RENTAL SURFACE (m2) RENTAL INCOME (in CHF million) 193’880 51.2 • Real estate in Switzerland remains resilient to market challenges and AEVIS V

  13. Slide 13: AEVIS VICTORIA – Outlook 2017

    AEVIS VICTORIA – Outlook 2017 AEVIS VICTORIA expects to realise a total of more than CHF 700m and net revenues of more than CHF 600m, based on an unchanged portfolio consolidated over a 12‐month period EBITDA is expected to reach more than CHF 100m for the first time Continuation of the group’s grow

  14. Slide 14: Q&A

    Q&A SON VICTORIA ANNUAL RESULTS 2016 =| ‘14 Investing for a better life

  15. Slide 15: Al EVIS VICTORIA

    Al EVIS VICTORIA

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