Emeis · EURONEXT:EMEIS
Emeis — Merger or Acquisition (February 2015)
20 slides from Emeis's merger presentation, February 2015
Slide 1: Acquisition of Austria's leading long-term care provider
Acquisition of Austria’s leading long-term care provider
Slide 2: Presentation of SeneCura
Naher aw Menschen SeneCura Presentation of SeneCura LIFE GOES ON wiTH Us
Slide 3: SeneCura: Austria's leading long-term care provider in the private sector
SeneCura: Austria’s leading long-term care provider in the private sector Austrian leading long-term care provider in the private sector with 3,936 beds/52 facilities – 3,456 beds open/46 facilities – 480 beds under construction or to be built/6 facilities Expansion drive initiated in the Czech Repu
Slide 4: Track record of more than years of profitable growth
Track record of more than 15 years of profitable growth Development through the creation of new facilities and acquisitions 1998: foundation 2009 – 2011: development of new services (post-acute care and rehabilitation, home services, day centres, etc.) 2001 – 2003: creation of its first nursing home
Slide 5: Austrian network of facilities and projects
Austrian network of 46 facilities and 6 projects SALZBURGER VORARLBERG TYROL LAND LOWER AUSTRIA 5 nursing homes 6 nursing homes 4 nursing homes 9 nursing homes 1 project under construction 1 post-acute care and 2 projects under construction rehabilitation facility BURGENLAND 5 nursing homes 1 projec
Slide 6: Expansion in the Czech Republic
Expansion in the Czech Republic Key characteristics 3 facilities (300 beds) under construction (due to open in 2015 and 2016) Many other projects identified Facilities under construction Objective: active development by creating new facilities in order to become the Czech Republic’s leading nursing
Slide 7: SeneCura: offering and policy similar to ORPEA's
SeneCura: offering and policy similar to ORPEA’s Integrated range of care services 1 Nursing homes, day centres, Post-acute care and Award-winning quality temporary stays, Alzheimer’s rehabilitation of care and services units In-home care and services Several regional awards (e.g. Vorarlberg seal of
Slide 8: High-quality facilities
High-quality facilities 8
Slide 9: Austrian long-term care sector
Austrian long-term care sector
Slide 10: Barriers to entering the Austrian long-term care sector
Barriers to entering the Austrian long-term care sector Complex regulations with regional differences, creating 9 distinct regulatory environments: Complex regulations – Mandatory permit system in 4 regions (Lower Austria, Styria, Burgenland and Carinthia) – Notification system in the other regions
Slide 11: Setting the daily rate
Setting the daily rate Paid by the region where the resident’s income does not suffice 20% Paid by the public long-term care regime 40% 40% Paid by the resident (pension or portfolio income) Average revenue per bed: €120 per day 11
Slide 12: Austria: solid fundamentals
Austria: solid fundamentals An affluent and stable country Growth in the population of over-80s (in millions) Austria: Ranks 13th worldwide in terms of GDP per capita at $49,050 +172% (40% above the EU average) CAGR: +2.5% Health expenditure: 11.5% of GDP (vs. 10.2% for the EU) 1.1 Stable social sec
Slide 13: SeneCura: leadership position
SeneCura: leadership position Breakdown of the beds by type of Large majority of public sector and non-profit operator organisations Large majority Private Strong development potential for private-sector commercial of public sector groups owing to public budget constraints Public 10% and non-profit
Slide 14: Development objective and strategy
Development objective and strategy
Slide 15: Terms and impact of the transaction
Terms and impact of the transaction Date of consolidation in ORPEA financial statements: 1 April 2015 Price tag in line with ORPEA’s standards for a leadership position in two expanding countries and including some property assets Payment in cash from ORPEA’s cash reserves Additional 2015 revenue: €
Slide 16: Strong profitable growth already secured
Strong profitable growth already secured Network Revenues 1 2 2014 2014 3,456 beds in Austria €125 million +23% +44% CAGR: 5% p.a. Organic growth of 10% p.a. 2018 2018 4,236 beds in Austria and the Czech €180 million Republic based solely on projects secured to date Operating margin improvment 16
Slide 17: Aggressive expansion strategy
Aggressive expansion strategy KEY STRENGTHS CONTRIBUTION Leading position and strong brand Know-how in centralising functions and recognition optimising information systems Experienced management team with an Expertise in building new facilities exceptional network of contacts Financial strength Kno
Slide 18: The ORPEA group
Naher ew Menschew SeneCura Kliniken und Heime The ORPEA group ORE LIFE GOES ON wiTH Us
Slide 19: European network of 56,314 beds at facilities
European network of 56,314 beds at 579 facilities1 Germany Belgium 61 facilities 5,963 beds 58 facilities 6,765 beds Czech Republic 3 facilities 300 beds France 345 facilities Austria 31,871 beds 52 facilities 3,936 beds Spain Switzerland 22 facilities 23 facilities 3,468 beds Italy 2,458 beds 15 fa
Slide 20: Sharp acceleration in international expansion
Sharp acceleration in international expansion Growth of the network outside France1 In 12 months, 43% acquisition of 39% 12,492 beds 24,443 27% 26% Network: up 30% 17% 21% 19% 19% 22% 14% 2% 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Including a secured pipeline of Nbre of beds % of tota