Isec Healthcare Ltd · SGX:40T
Isec Healthcare — FY2022 Earnings Presentation
21 slides from Isec Healthcare's earnings presentation, Feb 22, 2023
Slide 1: ISEC Healthcare Ltd. Corporate Presentation FY2022
ISEC Healthcare Ltd. (“ISEC Healthcare” or the “Company”) SEEING THE POTENTIAL Corporate Presentation Financial Year Ended 31 December 2022 Page 0
Slide 2: Sponsor disclaimer
This presentation has been prepared by the Company and its contents have been reviewed by the Company’s sponsor, PrimePartners Corporate Finance Pte. Ltd. (the “Sponsor”) in accordance with Rules 226(2)(b) and 753(2) of the Singapore Exchange Securities Trading Limited (the “SGX-ST”) Listing Manual
Slide 3: Table of Content
Table of Content Business Overview Financial Highlights Corporate Developments Page 2
Slide 4: Overview
Overview Page 3
Slide 5: Business Overview - Our Presence
Business Overview Our Presence Number of Eye Care Centres (as at 31 December 2022): Penang Sibu Malaysia – 7 Ipoh and Kampar Singapore – 1 (N1) Myanmar – 1 Kuala Lumpur N1 – Asia Pacific Eye Centre in Gleneagles Hospital. An eye-screening clinic within one of our GP clinic Melaka premises in Yew Tee
Slide 6: Business Overview - Our Business Segments
Business Overview Our Business Segments Specialised Health Services • Comprehensive medical eye care service provider • Specialises in the fields of cataract and refractive surgery (including LASIK), vitreoretinal diseases, corneal and external eye diseases, glaucoma, uveitis, oculoplastics, adult s
Slide 7: Business Overview - Our Competitive Strengths
Business Overview Our Competitive Strengths 1 Highly qualified and experienced specialist doctors 6 Business model aligns the 2 interests of our High quality and specialist doctors with comprehensive range of our Group and eye care services Shareholders 5 Ability to replicate our 3 Well positioned t
Slide 8: Business Overview - Our Business Strategies
Business Overview Our Business Strategies ◼ To reach out to more patients in locations where we currently Growing the ISEC operate, as well as new locations such as major cities or locations Brand and in Peninsular Malaysia, East Malaysia and Singapore Expanding into ◼ To expand via setting up of su
Slide 9: Business Overview - Our Expansion Plans
Business Overview Our Expansion Plans Business expansion in the Asia Pacific region (including Malaysia Malaysia & and Singapore) Singapore Target Countries Page 8
Slide 10: Financial Highlights
Financial Highlights Page 9
Slide 11: Statement of Profit or Loss
Statement of Profit or Loss 2022 2021 Change S$’000 S$’000 % Revenue 62,954 40,469 56% Costs of sales (34,187) (22,591) 51% Gross profit 28,767 17,878 61% Other item of income Other income 450 993 -55% Other items of expenses Selling and distribution expenses (119) (57) >100% Administrative expenses
Slide 12: Revenue By Business Segment
Revenue By Business Segment SGD’mil 56% 59% 20% Outer Circle: FY2022 Inner Circle: FY2021 Page 11
Slide 13: Revenue By Geographical Segment
Revenue By Geographical Segment SGD’mil 56% 63% 27% 93% Outer Circle: FY2022 Inner Circle: FY2021 Page 12
Slide 14: Revenue – Malaysia and Myanmar in Local Currencies
Revenue – Malaysia and Myanmar in Local Currencies Malaysia Operations Myanmar Operations RM’mil MMK’mil 69% 120% ◼ Revenue from Malaysia operations in Ringgit Malaysia (“RM”) increased by 69%, from RM94.1 million in FY2021 to RM159.1 million in FY2022. Singapore Dollar translated revenue from Malay
Slide 15: Profit After Tax
Profit After Tax Profit After Tax Earnings Per Share Singapore SGD’mil Cents Page 14
Slide 16: Statement of Financial Position
Statement of Financial Position S$’000 31 December 31 December 2022 2021 Key Assets Property, plant and equipment 16,316 9,428 Right-of-use assets 10,877 6,382 Intangible assets - goodwill 54,215 41,865 N1 Trade receivables, net 4,093 2,941 Cash and cash equivalents 20,633 22,494 Key Liabilities Oth
Slide 17: Statement of Financial Position Notes
Statement of Financial Position Notes for key balance sheet items as at 31 December 2022 N1: Arose from the acquisition of: 1) ISEC Eye Pte. Ltd. – S$8.0 million; 2) SSEC Melaka – S$11.4 million; 3) JLM Companies – S$11.9 million; 4) Indah Johor – S$9.3 million; and 5) Ipoh Eye Companies – S$13.6 mi
Slide 18: Net Asset Value
Net Asset Value S$ 2021 2022 Net asset value attributable to owners of the Company (S$’000) 68,754 79,872 Number of ordinary shares in issue (excluding Treasury Shares) 550,349,071 572,230,206 Net asset value per ordinary share (S$) 0.12 0.14 Page 17
Slide 19: Corporate Developments
Corporate Developments Page 18
Slide 20: Corporate Developments
Corporate Developments 2022 27 January 2023 – Entry into Lease Agreement by ISEC Myanmar Co., Limited • ISEC Myanmar had entered into a 2-year lease agreement with ARYU International Healthcare Company Limited, with a total gross floor area of 1,755 square feet, for total rental not expected to exce
Slide 21: Thank You
Thank You Page 20