Korian : Présentation des résultats semestriels 2019 (en anglais)
July 31, 2019 at 05:30 pm
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2019 HALF-YEAR RESULTS
PARIS - JULY 31st, 2019
H1 2019
KEY HIGHLIGHTS
2019 HALF-YEAR RESULTS - 31 JULY 2019
2
H1 2019 KEY FIGURES
Strengthening the Group's development
REVENUE
€1,767m
+8.2%
+3.8%
vs +6.0% H1 2018
vs +2.9% H1 2018
REPORTED GROWTH
ORGANIC GROWTH
EBITDA MARGIN
14.6%
+70bps vs H1 2018
NET PROFIT €60.1m
GROUP SHARE
+9.1% vs H12018
Figures as of June 30, 2019 - Excluding IFRS 16
CASH FLOW
€86.6m
OPERATING FREE
+57% vs restated OFCF in H1 2018
FINANCIAL 3.2x
LEVERAGE
stable vs H1 2018
REAL ESTATE €1.8bn
PORTFOLIO*
(estimated*)
vs 16% in H1 2018
* No revaluation as at end June 2019
Value performed by Cushman & Wakefield as at end December 2018 (cap rate: 5.8%)
2019 HALF-YEAR RESULTS - 31 JULY 2019
3
EUROPEAN LEADERSHIP IN 6 HIGH POTENTIAL MARKETS
Acquisition
2019
#1 #1
#1
#2
Acquisition
2019
6 countries representing nearly 55% of the EU population over 75 years old
Key figures
850
81,000
54,000
FACILITIES
Beds
EMPLOYEES
Range of services
FRANCE
GERMANY
BELGIUM
ITALY
SPAIN NETHERLANDS
2019
Medical Care and Clinics
Home Care services
Assisted Living facilities
and shared housing for seniors
Nursing Homes
2019 HALF-YEAR RESULTS - 31 JULY 2019
4
EUROPEAN EXPANSION
Build up started in Spain
Valencian C.
Andalusia
156
2
1,178
7
Balearic Islands
696
6
KEY 2018
›
€34m revenue
›
15 facilities with 2,030 beds
FIGURES
4th European market
Spain's Ageing population
›
Highly fragmented
› 65+ will represent 25%
MARKET
& underequipped
of the population in
›
Balearic Islands:
2030
DRIVERS
› Ageing rate of the
concentrated but
high demand
Balearic Islands
population is above the
national average
Grupo 5 to be integrated on July 1st, 2019
Build up started with Group core activity, Nursing Homes
Already present in 3 different regions (Andalucia, Valencia and Balearic Islands) with important equipment needs in terms of elderly care and dependency
Ready to leverage attractive growth potential and diversification
Seniors
Assisted living facilities and Nursing Homes with day care, long-term and short-term stays
Strong Medical expertise and premium service quality
Nursing Homes from Grupo 5
Large proportion of concerted beds
High level of specialisation and care
Attractive growth potential and diversification
5 2019 HALF-YEAR RESULTS - 31 JULY 2019
5
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Korian SA published this content on 31 July 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 July 2019 16:29:01 UTC
Clariane SE (formerly Korian) is the European No. 1 private operator of full-care facilities for dependent people. Net sales break down by geographic zone as follows:
- France (49.1%): at the end of 2022, operated 619 facilities (32,974 beds) broken into assisted-living facilities (medical assisted living facilities for the elderly, retirement homes, long-term care facilities and rest homes) and medical facilities (follow-up care and rehabilitation clinics and psychiatric clinics). In addition, the group operates 55 facilities (3,092 beds) in Spain and 11 facilities (727 beds) in the United Kingdom;
- Germany (23.9%): operated 239 facilities (27,392 beds);
- Belgium (14.7%): operated 117 facilities (12,991 beds). Furthermore, the group operates 49 facilities (1,458 beds) in the Netherlands;
- Italy (12.3%): operated 110 facilities (9,360 beds).