Revenue by payer & stream (R m)
|
Stream |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|---|---|---|---|---|---|
|
Medical aid payments |
68.4 |
124.8 |
200.0 |
304.0 |
440.0 |
|
Government contracts |
32.4 |
60.8 |
100.0 |
152.0 |
220.0 |
|
Private patients |
27.0 |
48.0 |
75.0 |
114.0 |
165.0 |
|
Home healthcare |
16.2 |
25.6 |
40.0 |
60.8 |
88.0 |
|
Corporate wellness & occ. health |
9.0 |
16.0 |
25.0 |
38.0 |
55.0 |
|
Equipment rental |
7.2 |
12.8 |
20.0 |
30.4 |
44.0 |
|
Training academy |
5.4 |
9.6 |
15.0 |
22.8 |
33.0 |
|
Research grants |
3.6 |
6.4 |
10.0 |
15.2 |
22.0 |
|
Donations & CSI |
10.8 |
16.0 |
15.0 |
22.8 |
33.0 |
|
Total revenue |
180 |
320 |
500 |
760 |
1100 |
Operating & capacity KPIs
|
Metric |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|---|---|---|---|---|---|
|
Operational beds |
120 |
180 |
300 |
440 |
600 |
|
Operational centres |
1 |
1 |
3 |
5 |
7 |
|
Occupancy |
62.0% |
70.0% |
74.0% |
78.0% |
82.0% |
|
Revenue per bed (R m) |
1.50 |
1.78 |
1.67 |
1.73 |
1.83 |
|
Total headcount |
280 |
499 |
803 |
1228 |
1775 |
Cash flow & balance sheet summary (R m)
|
Metric |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|---|---|---|---|---|---|
|
Operating cash flow |
(5.4) |
32.6 |
80.2 |
146.2 |
234.6 |
|
Free cash flow (pre-financing) |
(570.4) |
(2.4) |
(389.8) |
96.2 |
54.6 |
|
Closing cash |
97.1 |
62.2 |
211.3 |
208.8 |
172.6 |
|
Net PP&E |
523 |
511 |
901 |
864 |
942 |
|
Term debt |
250 |
250 |
470 |
432 |
398 |
|
Total equity |
390.1 |
358.8 |
697.5 |
724.1 |
838.1 |
Profit reconciliation: EBITDA to net profit (R m)
|
Line |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|---|---|---|---|---|---|
|
EBITDA (derived from margin) |
14.4 |
48.0 |
100.0 |
174.8 |
275.0 |
|
Less depreciation |
(41.8) |
(46.9) |
(80.1) |
(87.1) |
(101.8) |
|
Less interest |
(32.5) |
(32.5) |
(61.1) |
(61.1) |
(56.2) |
|
Less tax |
0.0 |
0.0 |
0.0 |
0.0 |
(3.0) |
|
Net profit after tax (re-derived) |
(59.9) |
(31.4) |
(41.2) |
26.6 |
114.0 |