MCRS Presentation 2024 PDF

RENAL SERVICES MEDICLINIC RENAL SERVICES MEDICLINIC RENAL SERVICES STRUCTURE RENAL SERVICES Company shareholding (ordinary shares) – voting rights Mediclinic Southern Africa 79%, BGM 21% (was 70/30, rights issue last ye...

RENAL SERVICES MEDICLINIC RENAL SERVICES MEDICLINIC RENAL SERVICES STRUCTURE RENAL SERVICES Company shareholding (ordinary shares) – voting rights Mediclinic Southern Africa 79%, BGM 21% (was 70/30, rights issue last year) Renal Clinic shares (special class shares - economic benefit shares) – 100 issued Doctor/s 20 Mediclinic Hospital or HIC 63 BGM 17 No capital investment or working capital requirements from Hospital or Doctors Losses will be absorbed by MCRS, not Doctors or Hospital If continued losses, decision of future of clinic - MCRS Board, but in consultation with Doctors and Hospital Selection of Doctor shareholders (OE, HGM/Hospital Board, Renal management, then MCRS Board approval) MEDICLINIC RENAL SERVICES RATIONALE FOR COMPANY RENAL SERVICES STRUCTURE Economic shares rationale: Doctors & Hospital are critical for success of MCRS clinics Doctor referrals to MCRS Support from hospital (HR, technical, doctor relationship, etc.) Nominal share value of R1.00 per share – clinic worth R0 on day 1 Capital requirements between R2m-R15m (size dependent) – MCRS supplies Doctors & Hospital do not contribute to capital – Capital is purchased by MCRS Company and “leased” to individual clinics and expensed monthly MEDICLINIC RENAL SERVICES TRANSACTIONS RENAL SERVICES Financial transactions: Hospital invests R63.00 for 63 economic benefit shares & Doctor/s R20.00 for 20 shares When dividends are declared it will flow to the Hospital/HIC, BGM & Doctors holding Renal Clinic Shares Dividend policy – 90% of profit declared annually as dividends MEDICLINIC RENAL SERVICES Benefits RENAL SERVICES Economic benefit of 63% (Hospital) Rental income in some instances (Hospital) Increased patient volumes (Hospitals, Doctors, Renal) MCSA goal – expand along the “continuum of care” QUESTIONS