Healius Limited · ASX:HLS
Healius — Primary Health Care — Investor Presentation (April 2012)
16 slides from Healius's investor presentation, Apr 2, 2012
Slide 1: Market Announcement: Medical Centres Investor Presentation
PRIMARY HEALTH CARE LIMITED (ACN 064 530 516) LEVEL 1, 30-38 SHORT STREET LEICHHARDT NSW 2040 TEL: (02) 9561 3300 FAX: (02) 9561 3302 2 April 2012 ASX Limited Company Announcements Office Exchange Centre Level 4, NSW 2000 MARKET ANNOUNCEMENT (ASX:PRY) MEDICAL CENTRES INVESTOR PRESENTATION Primary He
Slide 2: Medical Centre Investor Presentation & Site Visit
Primary Health Care Limited 2 April 2012 Medical Centre Investor Presentation & Site Visit 2
Slide 3: Introduction
Introduction Primary has a proven successful large-scale medical centre model which continues to perform strongly. Primary’s large-scale medical centres (not including ex-Symbion smaller-scale centres, clinical trials and head office) have delivered: – Revenue growth of 11.5% per annum compounde
Slide 4: Primary Medical Centre Model - Attractive to Patients
Primary Medical Centre Model - Attractive to Patients The Primary large-scale medical centre model provides significant benefits to patients Primary’s large-scale model offer benefits to patients over other models of practice: Community based location. Attractive and well equipped facilities.
Slide 5: Primary Medical Centre Model - Attractive to General Practitioners
Primary Medical Centre Model - Attractive to General Practitioners Primary’s large-scale medical centre model works to enhance GPs’ incomes, skills and professional satisfaction Key benefits to GPs in Primary’s large-scale medical centre model include: Service provision / centre model provides a s
Slide 6: High GP Retention Rates in Large-Scale Medical Centre Model
High GP Retention Rates in Large-Scale Medical Centre Model c.94% annual retention rates over recent years for GPs in Primary’s large-scale medical centres More than half of Primary’s large-scale centres have been currently operational for 6 to 25 years. Some GP loss is part of the normal life o
Slide 7: Primary Medical Centres – long-term value creation
Primary Medical Centres – long-term value creation Long-term value is built in each Medical Centre across multiple services (GP and non-GP services), creating ongoing cash flows for each performing centre Key factors in accumulating value Attributes in Medical Centres Service Offering Accessible ~
Slide 8: Medical Centres – historical revenue split
Medical Centres – historical revenue split PRY large-scale centres and smaller SYB centres Primary large-scale medical centre revenue has grown c.11.5% per annum from FY2008 to FY2011 ($169m to $234m). Revenue 260 240 $234m 11.5% p.a. $213m 220 200 $189m 180 $169m 160 140 $m 120 100 80 60 $46m 40 $3
Slide 9: Medical Centres – historical EBITDA split
Medical Centres – historical EBITDA split PRY large-scale centres and smaller SYB centres Primary large-scale medical centre EBITDA has grown c.11.5% per annum from FY2008 to FY2011 ($101m to $140m). EBITDA 160 11.5% p.a. $140m 140 $129m 120 $116m $101m 100 80 $m 60 40 $19m 20 $13m $13m $5m $6m $0m
Slide 10: Medical Centres – GP Patient Attendances
Medical Centres – GP Patient Attendances Primary large-scale medical centre GP patient attendances have grown c.7.5% per annum from FY2008 to FY2011. GP Patient Attendances - PRY and SYB 6500 6009 6000 5500 5296 4855 5278 5000 4500 Patient attendances ('000) 4000 3500 3000 2500 2000 1787 1522 1500 1
Slide 11: Medical Centres - GP Revenue vs non-GP Revenue
Medical Centres - GP Revenue vs non-GP Revenue c. 36% of Primary’s total revenue in large-scale Medical Centres is generated by non-GP services. This will continue to grow as each medical centre matures further as will average fee per GP driven by increased GP productivity over time, and increased u
Slide 12: Medical Centres – GP numbers
Medical Centres – GP numbers Primary large-scale medical centres retained 94.2% of its GPs over the period FY2008 to FY2011. Primary large-scale medical centre GP numbers increased from 604 at 30 June 2008 to 766 at 30 Primary large-scale GP numbers June 2011 (based on headcount). In addition, Pri
Slide 13: Medical Centres – Capital Expenditure
Medical Centres – Capital Expenditure Primary large-scale medical centres ~ FY2011 EBITDA of $140m well exceeding FY2011 capital expenditure of $95.9m (or $74.3m excluding capital expenditure associated with building new centres for which no EBITDA in FY2011 is attributable) PRIMARY LARGE-SCALE MEDI
Slide 14: Summary
Summary Long-term value - Primary’s large-scale medical centre business has a unique and proven operating model in which the long-term value lies with the service offering, facility value and scale benefits of each centre, and not just individual practitioners. Financial performance - The financ
Slide 15: Appendix A: Medical Centres – a key business division of Primary
Appendix A: Medical Centres – a key business division of Primary Primary is one of Australia's pre-eminent listed healthcare companies with a broad diversification of earnings: EBITDA Business Contribution Scale Description segment (% total) (1) Medical 45% 56 large-scale Australia’s largest ope
Slide 16: Disclaimer
DISCLAIMER This presentation has been prepared by Primary Health Care Limited (ACN 064 530 516) (‘PRY’). Material in this presentation provides general background information about PRY which is current as at the date this presentation is made. Information in this presentation remains subject to
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