The Investment Case of PureHealth

[Music] my name is madik the introductions will be done but I wanted to spend a little bit of time with you guys and talk about Pure Health which is uh the Region's largest Health Care platform and a very interesting one as as well at the outset at the outset I just to highlight it is a the largest health care platform in the UAE which has sizable Investments both in the UAE as well as outside the UAE it's curated in the sense that every single one of those assets on that slide that you see was chosen for a purpose to broaden the vision of our leadership both uh from from the U government perspective as well as for our shareholders with every single one of those assets creating value across the value chain that we set out we are a growing platform with a focus on Health Care Diagnostics insurance and most importantly we tie it up with technology which makes it a bit unique as an Abu Dhabi based entity we have presence in the UK and the US with uh Ardent Health which is uh the fourth largest healthc care player in the US getting listed on the New York Stock Exchange early this year um in which we own 26% along with circle health care which is the 100% owned asset of Pure Health and uh and a private company in the in the UK as a as an overall group we compris of 105 hospitals 300 clinics and more than 61,000 employees so this is this is our our group uh at a snapshot level we we look ourselves at on a on an eight segment level basis in which you can see that the healthcare services segment is takes a Lion Share um along with that what truly sets us apart is the provision of Insurance Services which you don't have across any other Healthcare player and this is what results in US creating a unique paay provider platform I'll touch upon this a little later I've got a slide on that so as I was just telling you guys is along along with the fact that we are we are very curated with Diagnostics and insurance we've also got good procurement mental health and Pharmacy Etc which makes is a very unique platform set out here is a a slide which I'm personally incredibly proud of from very humble beginnings back in 2006 to having achieved the status of a national champion is truly a testament to the vision of our lead our leadership as you would have seen almost in the last couple of years there's been a acquisition an acquisition almost an acquisition on a yearly basis with the most recent ones being Circle health and and Sh Shak being acquired earlier this year ssmc in itself was a $600 million transaction whereas Circle Health was a 1.2 billion transaction and the group was ipoed in on the 19th of December last year so it's it's almost a year anniversary to where we are today some numbers in terms of how do we really stack up from an operational perspective uh and this is quite interesting CU cuz as a group we offer over 200 specialities we employ over 3200 doctors 88,200 nurses and have more than 3,000 inpatient beds the largest that you would see from a group of this size in the Mina region our operations in the UAE represent 45% of the market share and I was and I must say this again our our key strength really lies in in the creation of this integrated ecosystem that we have which comprises of hospitals Diagnostics a procurement procurement operations which is our GPO and of course most importantly insurance which ties in it all together this is what makes it seamless integration and as in our journey the last couple of years we've seen our margins improve we talk we have a slide on that also run you through some of the numbers and here we are just to give you a perspective of how do we stack up from a u perspective we've got we've got operations in us we've got operations in UK but most importantly we are a homegrown Abu Dhabi base and Abu Dhabi listed entity it's very important s to understand the level of scope of services that we have here so our health care services that we are providing span primary secondary and tertiary care across 25 jci credited hospitals it's pretty unique when it comes to Critical Care be it burns trauma ICU cancer Pure Health is the number one healthc care provider in fact more specifically if you think about it in terms of oncology 75% of all oncology cases are treated in one of the pureal facilities be it in Abu Dhabi or in the northern Emirates which sort of gives you a sense of the scale and size that you do not see across any other other player I did say I would touch a little bit on insurance and this is where it's worth noting again that when you start casting your eye Across The Wider ecosystem what is it what is it that if you were if you investing in Pure Health that you really looking into and this is what makes it a bit unique I mean the theand healthcare services is is our the man insurance is our is a leading insurance provider in the UAE it writes it's got over 3 million customers writes premiums gross premiums of over 5.5 billion and processes 58 million claims in addition it's expanding its Services remit to expand to other ancillary Services Beyond just health insurance but if you think from a complete payer provider platform it's a this is a unique integrated ecosystem in which a patient in the center gets access to Healthcare Services Insurance Diagnostics Pharmacy services and and and of course technology that's what is ties it all in together in terms of number numbers and moving on to financial results we've had a pretty strong 9month period and we looking at a very good quarter so effectively aiming to close a year on a high our 9mon results have been a result of some transformation initiatives that we've undertaken alongside consolidation of our Acquisitions both here in the UAE as well as in the in in in the UK our 9month revenues were almost 19 billion billion dhams apologies eida of three Bill three uh 3 billion which gives us around 16 .5% eida margin and a net profit of 1.4 billion we have a very strong and robust balance sheet net cash position of 3x eida alongside total assets of 48 billion and Equity of 19 billion the business has very minimal Bank debt which was mainly undertaken at the beginning of the year for the purposes of of acquisition of circle health so I'm going to just sum it up I've been pretty good with my time I'm keeping an eye out on the clock I'm going to leave you with six points to consider when you think about Pure Health and to me these are the most important points as you as you consider Pure Health one Pure Health is The only integrated payer provider platform in the region which benefits from significant synergies as well as operational efficiencies two as I said earlier a carefully curated set of companies which are well positioned and benefit from the demographic shifts which include an aging population and lifestyle diseases three a platform that benefits from increased margins and constantly strive towards ensuring there's healthare technological innovation in those levels of services four our Tech offering is very strong led by pure CS which is our homegrown uh wholly owned technology subsidary five our focus on growing the platform outside the GCC towards higher quality assets which are bottomline creative as well as ensuring that there are good operational outcomes and six the current management which has an impeccable track record of delivering and achieving synergies thank you I'll be around if there any more questions [Music]