Ratchaphruek Hospital Public Company Ltd · SET:RPH
Ratchaphruek Hospital Public — FY2022 Earnings Presentation
36 slides from Ratchaphruek Hospital Public's earnings presentation, Feb 23, 2023
Slide 1: Analyst Presentation
Analyst Presentation YE/2022 RATCHAPHRUEK HOSPITAL PUBLIC COMPANY LIMITED
Slide 2: Tsawenurasrangnd
Tsawenurasrangnd Ratchaphruek Hospital
Slide 3: \ ~ oe Tsawanrurianivwgne
\ ~ oe Tsawanrurianivwgne \ & ; @*® Ratchaphruek Hospital
Slide 4: Slide 4
Slide 5: SWE IUIATIUWEINY
SWE IUIATIUWEINY '@ / Ratchaphruek Hospital | ede Tanewranongnd @'R Ratchaphruek Hospital
Slide 6: Slide 6
Slide 7: Q4/2022 Highlights
Q4/2022 Highlights Pending Pending Picture Picture Recovering of Non- Operating new Received Signing MOU to Open Covid Revenue projects as planned a Silver Award a New Service • Revenue from non-covid • In 2023, there are 2 projects • The Company received a • In Q1/2023, Ratchaphruek patients contin
Slide 8: Agenda
AGENDA COMPANY OVERVIEW Explains the Business Nature of the Ratchapruek Hospital and Revenue Contribution Strategic Direction & Strategy Illustrates the growth direction of the Ratchapruek Hospital and Activities that will help RPH Achieve the Target Financial Performance Displays Ratchapruek Hospit
Slide 9: RPH at a Glance
RPH AT A GLANCE 546MB REGISTERED CAPITAL CENTER OF SPECIALTY Entered stock exchange of Thailand in 2017 with Breast Center, Hemodialysis Center, Auditory registered capital of 546 MB and Otoneuro Center, Stroke Center, , Hepatobiliary & Pancrease, Maternal & Child Center, Minimal Invasive surgery Ce
Slide 10: Company Overview
COMPANY OVERVIEW About Ratchaphruek Hospital Medical Services A private hospital focuses on enhancing the Medical Center Internal Medicine Surgery Thailand health of the community in Khon Kaen Stroke Diabetes General province with convenient health-care facilities. Breast Dermatology M
Slide 11: Company Overview – Revenue Breakdown
COMPANY OVERVIEW – REVENUE BREAKDOWN Revenue Breakdown by Patient Type Revenue Breakdown by Payor OPD Others 1% Government 3rd Party Payors 21% 38% Self Pay Total 1,326.2 MB Total 1,326.2 MB In 2022 48% In 2022 62% IPD Insurance 30%
Slide 12: Agenda
AGENDA Company Overview Explains the Business Nature of the Ratchapruek Hospital and Revenue Contribution STRATEGIC DIRECTION & STRATEGY Illustrates the growth direction of the Ratchapruek Hospital and Activities that will help RPH Achieve the Target Financial Performance Displays Ratchapruek Hospit
Slide 13: RPH Strategy
RPH STRATEGY 1 2 3 4 Strengthen Branding and Center of Specialty and Expanding Patient Seeking for New Positioning Services to Maximize Base Opportunities for Utilization Expansion • Heart-Warming Medical • Introduce Wellness Services • Increase Health Insurance • Explore New Locations for Experienc
Slide 14: RPH Strategic Direction
RPH STRATEGIC DIRECTION 2025 2024 Leading Regional Medical Service Provider 2023 Top of Mind Hospital and Center of Specialty • Well-rounded medical service provider in Northeastern region A Differentiated Heart-Warming • Strengthen Brand and Clear Medical Service Provider Positioning • Capturing SS
Slide 15: Strengthen Branding and Positioning
1 Strengthen Branding and Positioning Marketing Activities RPH builds brand awareness among the people in Khon Kaen and surrounding areas by releasing new marketing campaigns through 3 main channels: 1. Short Films 2. Billboard and LED 3. Influencer Groups and Social Media • Based on a true story
Slide 16: Center of Specialty and Services to Maximize Utilization
2 Center of Specialty and Services to Maximize Utilization Center of Specialty 5 Centers of Specialty that will be the protagonist with experienced doctors to provide services that meet needs of patients 1. Breast Center 2. Stoke Center 3. Hearing and Balance Audiology Center 4. Maternal and Child
Slide 17: Expanding Patient Base
3 Expanding Patient Base New Hospital - Wellness Project Renovating Old Hospital Total Total Investment Investment ~500 MB ~200 MB Allocating an area of 30 rai from 100 rai to construct the new hospital, staring with 100 beds, to serve patients in the social security group, self- paying patients and
Slide 18: Agenda
AGENDA Company Overview Explains the Business Nature of the Ratchapruek Hospital and Revenue Contribution Strategic Direction & Strategy Illustrates the growth direction of the Ratchapruek Hospital and Activities that will help RPH Achieve the Target FINANCIAL PERFORMANCE Displays Ratchapruek Hospit
Slide 19: YE2022 Financial Highlights
YE2022 Financial Highlights Dividend Yield Non-covid Revenue 5.74 % +0.98% 1,004.8 MB Operating Revenue YoY +22.9% 1,326.2 MB YoY -6.1% YoY
Slide 20: Operating Revenue Breakdown by Type of Patient
Operating Revenue Breakdown Operating Revenue Breakdown by Type of Patient Unit: Rounds of Visit Unit: Million Baht 37% 27% 23% 25% 33% Utilization Rate (%) -6.1% YoY (Service Rate) OPD Drivers 235,826 179,344 1,412.6 1,326.2 Actual Number of 65,666 Outpatients 47,796 41,469 27% -60.2% YoY 38% OPD -
Slide 21: Operating Revenue Breakdown: Non-covid
Operating Revenue Breakdown Non-covid revenues start recovering from Q2/21, corresponding to the higher number of non-covid patients Non-covid Revenue The Number of Non-covid Patients Unit: Million Baht Unit: Number of People 172,629 1,004.8 151,565 817.6 308.0 50,131 266.4 42,520 42,949 41,494 221.
Slide 22: Operating Revenue Breakdown: Covid
Operating Revenue Breakdown Covid revenues decreased due to lower average income per capita and adjustment of government policy, corresponding to the easing of Covid-19 situation Covid Revenue Unit: Million Baht 595.0 399.9 321.3 299.2 346.7 75.0 17.0 -69.8 Adjustment -25.4 of Accrued -44.5 Income -
Slide 23: Gross Profit
Gross Profit Gross Profit and Gross Profit Margin (GPM) Unit: Million Baht, % 56.7% 47.1% 33.3% 37.6% 12.6% GPM -25.0% YoY -91.1% YoY 665.6 -68.2% QoQ 499.2 339.5 Gross Profit 94.5 30.1 Q4/21 Q3/22 Q4/22 YE21 YE22 YoY : Q4/2022 vs Q4/2021 QoQ: Q4/2022 vs Q3/2022 YoY: YE2022 vs YE2021 Gross profit wa
Slide 24: SG&A
SG&A SG&A and SG&A to Total Revenue Unit: Million Baht, % 18.3% 10.3% 11.8% 11.2% 9.2% SG&A to Total Revenue -10.9% YoY 167.7 -27.3% YoY 149.5 Selling and Distribution 6% Expenses +70.1% QoQ 14% One-time item 97% 61.8 2% 79% Administrative Expenses 44.9 26.4 13% 98% 5% 62% 87% 33% Q4/21 Q3/22 Q4/22
Slide 25: Net Profit
Net Profit Net Profit and Net Profit Margin Unit: Million Baht, % 37.5% 19.7% 28.5% 21.6% -3.3% Net Profit Margin -28.9% YoY -103.5% YoY 403.0 -114.2% QoQ 306.8 20.3 Adjustment of Accrued 224.8 Income 286.5 Net Profit 55.9 12.4 20.3 -7.9 Q4/21 Q3/22 Q4/22 YE21 YE22 YoY : Q4/2022 vs Q4/2021 QoQ: Q4/2
Slide 26: Profit and Loss Statement in YE 2022
Profit and Loss Statement in YE 2022 Profit and Loss Statement in YE 2022 Unit: Million Baht, % 61.7% 100.0% 0.7% 2.9% 5.8% 21.4% Revenue COGS Selling Expense Administrative Interest and Tax Net Profit Expenses YE 2022 Analysis • The company has a total revenue of Baht 1,340.3 million and a total co
Slide 27: Statement of Financial Position
Statement of Financial Position Statement of Financial Position Unit: Million Baht, % -9.3% YoY -9.3% YoY 2,214.5 2,214.5 Other currents 73.7 3% 2,008.7 7% 150.8 2,008.7 Other liabilities Cash and cash equivalents 237.7 11% 4% 8% 3% 83.8 186.4 61.8 Long-term loan 117.0 6% 316.8 16% 197.4 9% 107.0 5%
Slide 28: 12 Months Cash Flow Statement
12 Months Cash flow Statement 12 Months Cash flow Statement Unit: Million Baht +484 -82 317 238 -322 Cash and Cash Equivalents at Cash flow from Operation Cash flow from Investing Cash flow from Financing Cash and Cash Equivalents at 31 December 2021 Activities Activities Activities 31 December 2022
Slide 29: Key Financial Ratios
Key Financial Ratios Current Ratio Quick Ratio D/E Ratio Unit: Times Unit: Times Unit: Times 2.05 2.05 1.88 1.75 1.64 1.71 0.32 0.21 0.21 Q4/21 Q3/22 Q4/22 Q4/21 Q3/22 Q4/22 Q4/21 Q3/22 Q4/22 AR Turnover Ratio ROA* ROE* Unit: Times Unit: % Unit: % 5.58 32.65% 4.86 32.23% 4.21 26.56% 25.37% 18.02% 17
Slide 30: Dividend Payment
Dividend Payment 5.74% Dividend Yield 4.76% (%) 2.99% 2.22% 2.34% 1.75% Unit: Baht/Share 0.35 0.30 0.15 Second Payment 0.25 0.14 0.13 0.0842 0.07 0.20 Interim Payment 0.055 0.0292 0.10 0.055 0.055 0.07 0.05 0.03 2017 2018 2019 2020 2021 2022
Slide 31: Agenda
AGENDA Company Overview Explains the Business Nature of the Ratchapruek Hospital and Revenue Contribution Strategic Direction & Strategy Illustrates the growth direction of the Ratchapruek Hospital and Activities that will help RPH Achieve the Target Financial Performance Displays Ratchapruek Hospit
Slide 32: Thailand Medical Industry Outlook
Thailand Medical Industry Outlook Thailand Consumer Expenditure on Hospital Services Key Driving Factor Unit: Million Baht (1) Aging Population (2) Growing Middle-Class % of Aging population No. of Middle-Class Households 142,207 Unit: % Unit: Million Households 133,239 21% 22% 9.5 9.6 9.7 120,232 2
Slide 33: Overview of Health Insurance Business in Thailand
Overview of Health Insurance Business in Thailand Health Insurance Premiums Key Driving Factors Unit: Million Baht (1) Rising Medical Costs in Thailand (Medical Inflation) Unit: % Key Takeaways 8.0% 18,738 7.5% 7.0% 15,632 Trend of medical expenses have continuously 2019 2020 2021 increased in the p
Slide 34: RPH 2023 Outlook: Focus on Expansion
RPH 2023 Outlook: Focus on Expansion RPH aims to grow 10-20%* in 2023 Expand Services Increase Utilization Seeking to Expand Studying New of Existing Hospital Patient Base Hospital and old Hospital • Preparing wellness in • Boost marketing • Expand to capture health • Finish feasibility study by exi
Slide 35: Thank You
THANK YOU IR Contact Ms. Chularat Sirisingh +66-043 333555 ext. 1401
Slide 36: History and Key Milestones
HISTORY AND KEY MILESTONES ‘The Healing Environmental Hospital’ 1992 2016 2018 2020 2022 Established Signed a new hospital Opened to operate Received a Opened 2 specialist Ratchaphruek Hospital construction contract, the current hospital on certification of global centers: at Mittraphap Ro
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