1H 2020 Results Presentation 6 August 2020
Disclaimer This Corporate 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 Section B: Rules of Catalist. This Corporate Presentation has not been examined or approved by the SGX-ST. The SGX-ST assumes no responsibility for the contents of this Corporate Presentation, including the correctness of any of the statements or opinions made or reports contained in this Corporate Presentation. The contact person for the Sponsor is Ms. Jennifer Tan, Associate Director, Continuing Sponsorship (Mailing Address: 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318 and Email: sponsorship@ppcf.com.sg).
Overview
Our Services Obstetrics & Cancer- Dermatology Paediatrics Gynaecology related • Gynae-oncological • General skin care • Newborn & well-baby • General obstetrics, labour • Aesthetics & surgery checks & delivery • Breast & general surgery • Common childhood • Medical problems during dermatological procedures • Dermatological surgery & conditions pregnancy • Childhood immunisation • Obstetrical complication & laser surgery routine & vaccinations its management • Child nutrition, growth & • High intensity focused developmental ultrasound treatment • General gynaecology assessment • Gastrointestinal conditions • Gynaecological surgery • Female pelvic medicine / & endoscopic procedures • Respiratory & behavioural Urogynaecology & sleep conditions reconstruction surgery 4
Our Network Strategically located clinics throughout Singapore for easy accessibility Mt. Alvernia Medical Centre Mt. Elizabeth Thomson Medical Novena Parkway East Centre Specialist Centre Medical Centre Gleneagles Paragon Medical Centre Medical Suites Boon Tiong Road O&G Cancer-related Dermatology Paediatrics 5
Financial Highlights
Financial Highlights S$’000 1H 2020 1H 2019 Change Revenue 17,865 18,650 (785) (4.2%) Other operating income 815 280 535 N/M Consumables and medical supplies used (3,027) (3,005) 22 0.7% Employee remuneration expense (8,986) (7,884) 1,102 14.0% Depreciation (1,083) (1,088) (5) (0.5%) Other operating expense (1,056) (1,148) (92) (8.0%) Profit before operations 4,528 5,805 (1,277) (22.0%) Finance income 124 45 79 N/M Finance expense (87) (94) (7) (7.4%) Net finance income/(expense) 37 (49) 86 N/M Income tax expense (773) (929) (156) (16.8%) Net profit after tax for the period 3,792 4,827 (1,035) (21.4%) N/M : Not meaningful. 7
Revenue Revenue (S$’000) Revenue by Business Segments 10.1% S$1.9M 39,757 12.7% 34,681 S$2.3M 29,902 28,675 16.0% 18.8% S$2.9M S$3.5M 18,650 17,865 55.3% 56.7% S$10.3M S$10.1M 15.8% S$3.0M 14.6% S$2.6M FY 2016 FY 2017 FY 2018 FY 2019 1H 2019 1H 2020 O&G Cancer-related 1H 2019 – Inner Circle Dermatology 1H 2020 – Outer Circle Paediatrics 8
Profit from Operations Profit from Operations by Profit from Operations (S$’000) Business Segments (S$’000) 13,653 12,549 5,358 10,396 9,869 4,054 5,805 4,528 1,110 1,022 367 278 218 90 FY 2016 FY 2017 FY 2018 FY 2019 1H 2019 1H 2020 1H 19 1H 20 1H 19 1H 20 1H 19 1H 20 1H 19 1H 20 O&G Cancer-related Dermatology Paediatrics 9
Net Profit After Tax Earnings Per Share Net Profit/(Loss) (S$’000) (Singapore cents) 9,148 8,804 1.92 8,507 1.86 1.78 4,827 1.01 3,792 0.80 (1,133) (0.24) FY 2016 FY 2017 FY 2018 FY 2019 1H 2019 1H 2020 FY 2016 FY 2017 FY 2018 FY 2019 1H 2019 1H 2020 10
Net Tangible Assets Net Tangible Asset Value Net Tangible Asset Value (S$’000) Per Share (Singapore cents) 27,682 5.81 23,980 5.03 20,460 4.29 16,570 3.48 3.09* 14,714 31 Dec 31 Dec 31 Dec 31 Dec 30 Jun 31 Dec 31 Dec 31 Dec 31 Dec 30 Jun 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 * For better comparison, the weighted average number of ordinary shares for FY 2015 and FY 2016 have been adjusted for the increase in the number of ordinary shares resulting from the Share Split in May 2017. 11
Strong Financial Position S$’000 As at 30 June 2020 As at 31 December 2019 Key Assets Goodwill 12,230 12,230 Plant and equipment 1,844 1,595 Right-of-use assets 2,941 3,698 Inventories 2,005 2,030 Trade and other receivables 2,818 3,517 Cash and cash equivalents 29,640 25,985 Key Liabilities* Trade and other payables 5,049 6,412 Lease liabilities 3,080 3,815 * The Group does not have any borrowings and debt securities as at 30 June 2020 and 31 December 2019. 12
Interim Dividend Interim Dividend 1H 2020 1H 2019 Change Dividend per Share (Singapore cents) 0.50 0.62 -0.12 (19.4%) 3 September 2019 Payment Date 1 September 2020 13
Corporate Updates and Future Plans
Number of Births No. of Babies Delivered by SOG Historical Live Births in Singapore* 9.5% 10.0% 8.9% 9.0% 8.0% 7.5% 8.0% 41,251 7.0% 1,985 2,000 1,824 39,615 6.0% 1,728 1,716 39,253 39,115 5.0% 4.0% 968 958 3.0% 2.0% 1.0% 0 0.0% 2016 2017 2018 2019 FY 2016 FY 2017 FY 2018 FY 2019 1H 2019 1H 2020 No. of Babies Delivered Private Sector Market Share * https://www.ica.gov.sg/stats "Singapore Demographic Bulletin" 15
Number of Surgeries Performed No. of Breast Surgeries No. of Gynaecological Surgeries 324 284 213 214 186 153 149 152 139 122 123 85 FY 2016 FY 2017 FY 2018 FY 2019 1H 2019 1H 2020 FY 2016 FY 2017 FY 2018 FY 2019 1H 2019 1H 2020 16
Future Plans Strengthen SOG’s Increase the level of Identify opportunities in brand awareness and inter-clinic referrals business partnerships and increase market share through synergy collaborations, venture into awareness humanitarian and other ancillary perspective Continue to grow non- Recruit more Specialist O&G business segments Medical Practitioners to strengthen all business to increase their revenue segments and profit contribution to the Group 17
Thank You Paediatrics Obstetrics & Gynaecology Cancer-related Dermatology
Appendix Our Specialist Medical Practitioners
Obstetricians & Gynaecologists Dr. Heng Tung Lan Dr. Beh Suan Tiong Dr. Choo Wan Ling FOUNDER & EXECUTIVE CHAIRMAN EXECUTIVE DIRECTOR Date of Appointment Date of Appointment Date of Appointment January 2011 July 2013 July 2013 Clinic Clinic Clinic Parkway East Medical Centre Thomson Medical Centre Mount Elizabeth Novena #02-08 #05-03 Specialist Centre #10-30 Specialisations Specialisations Specialisations Pregnancy care and delivery, Advanced reproductive surgeries Antenatal care and risk female health screening, and minimally invasive surgery (key assessment, vaginal assisted and menopause and female hole surgery), namely laparoscopic caesarean delivery, and treatment wellness enhancement and hysteroscopic surgery of gynaecological issues such as endometriosis, uterine fibroids High Intensity Focused Ultrasound fertility challenges and ovarian (“HIFU”) treatment cysts 20
Obstetricians & Gynaecologists Dr. Hong Sze Ching Dr. Lee Keen Whye FOUNDER & EXECUTIVE DIRECTOR Date of Appointment Date of Appointment July 2016 January 2011 Clinic Clinic Mount Alvernia Medical Centre Gleneagles Medical Centre Block D #07-62 #08-15/16 Specialisations Specialisations Obstetric care, management of Endoscopic work, especially general gynaecological conditions, hysteroscopy, laparoscopy and laparoscopic surgery and vaginal rejuvenation colposcopy HIFU treatment HIFU treatment 21
Obstetricians & Gynaecologists Dr. Natalie Chua Dr. Clara Ong Date of Appointment Date of Appointment August 2013 May 2019 Clinic Clinic Parkway East Medical Centre Gleneagles Medical Centre #02-07 #08-15/6 Specialisations Specialisations Obstetric care – preconception health Pregnancy care, menopausal care, screening, antenatal care and delivery family planning, management of general gynaecological conditions and Gynaecological cancer screening and colposcopy prevention, and the management of common gynaecological problems HIFU treatment 22
Cancer-related Specialists Dr. Cindy Pang Dr. Lim Siew Kuan Date of Appointment Date of Appointment December 2014 May 2016 Clinic Clinic Mount Elizabeth Novena Mount Elizabeth Novena Specialist Centre #08-25 Specialist Centre #06-53 Specialisations Specialisations Antenatal care to expectant mothers and Management of both benign and manages a wide range of conditions malignant breast conditions, related to the female reproductive breast cancer management, breast system oncoplastics and reconstructive surgery, minimally invasive breast surgery and Main sub-specialty in gynaecological partial or full breast reconstruction cancers and complex pelvic surgeries 23
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