IHH Healthcare Bhd.

Company Background

IHH Healthcare runs 37 private hospitals in 10 countries, including China and India. Its facilities have a total of more than 6,000 beds.

Headquartered in Malaysia, the company also sees Singapore and Turkey as its home markets. Its hospitals in these three countries attract affluent patients from across Southeast Asia and the Middle East. The group's Mount Elizabeth and Gleneagles hospitals in Singapore are considered particularly prestigious, thanks to their state-of-the-art medical equipment.

IHH is 44% owned by Khazanah Nasional, an investment arm of the Malaysian government. Khazanah in 2010 defeated a rival bid from India's Fortis Healthcare to take control of Parkway Holdings, a then-listed Singaporean company, which owned hospitals in Malaysia and Singapore. Today, Parkway is a wholly owned IHH subsidiary.

IHH is listed in both Malaysia and Singapore. The group is led by CEO Tan See Leng, who is also a doctor. Tan joined Parkway in 2004 and held various high-ranking positions before the company slid under IHH's umbrella.

Globally, IHH is the second-largest health care operator by market capitalization. Japanese trading house Mitsui & Co. is a major shareholder.

Business Summary

IHH Healthcare Bhd. is an investment holding company, which engages in the provision of healthcare services. It operates through the following segments: Singapore, Malaysia, India, Greater China, PPL Others Acibadem Holdings CEE, IMU Health Malaysia, PLife REIT, and Others. The company was founded on May 21, 2010 and is headquartered in Kuala Lumpur, Malaysia.

Financial Highlights

Dec 2022	MYR	USD
Revenue	17,988.68M	4,087.10M
Gross Profit	4,772.16M	1,084.25M
Operating income	2,211.89M	502.55M
Income before tax	2,178.22M	494.90M
Net income	1,496.18M	339.93M
EBITDA	3,611.39M	820.52M
Diluted EPS	0.16	0.03
Dividends Per Share	0.07	0.01
Total Assets	48,565.91M	11,025.17M
Total liabilities	19,406.86M	4,405.64M
Total equity	26,191.97M	5,945.96M
Operating cash flow	1,226.68M	278.70M
	Currency in MYR	Currency in USD

Historical Data

MYR | USD

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022
Revenue	11,520.93M	14,912.48M	13,404.60M	17,131.76M	17,988.68M
Gross Profit	2,884.52M	3,677.11M	2,709.70M	4,597.75M	4,772.16M
Operating income	1,203.24M	1,685.73M	914.38M	2,434.29M	2,211.89M
Income before tax	739.05M	968.61M	549.11M	2,515.88M	2,178.22M
Net income	541.84M	463.30M	199.03M	1,774.22M	1,496.18M
EBITDA	2,142.40M	3,041.22M	2,311.70M	3,749.18M	3,611.39M
Diluted EPS	0.06	0.05	0.02	0.20	0.16
Dividends Per Share	0.03	0.04	0.04	0.06	0.07
Total Assets	45,020.85M	45,111.62M	44,746.72M	45,510.26M	48,565.91M
Total liabilities	18,827.09M	19,175.82M	19,869.41M	20,391.79M	19,406.86M
Total equity	21,994.00M	22,339.53M	21,739.81M	22,424.93M	26,191.97M
Operating cash flow	1,562.71M	2,595.44M	2,085.16M	3,225.22M	1,226.68M

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022
Revenue	2,854.98M	3,599.45M	3,189.89M	4,132.87M	4,087.10M
Gross Profit	714.80M	887.55M	644.82M	1,109.16M	1,084.25M
Operating income	298.17M	406.88M	217.59M	587.25M	502.55M
Income before tax	183.14M	233.79M	130.67M	606.93M	494.90M
Net income	134.27M	111.82M	47.36M	428.01M	339.93M
EBITDA	530.90M	734.06M	550.11M	904.45M	820.52M
Diluted EPS	0.01	0.01	0.00	0.04	0.03
Dividends Per Share	0.00	0.00	0.00	0.01	0.01
Total Assets	10,894.33M	11,028.38M	11,124.10M	10,924.21M	11,025.17M
Total liabilities	4,555.86M	4,687.89M	4,939.56M	4,894.81M	4,405.64M
Total equity	5,322.20M	5,461.32M	5,404.55M	5,382.84M	5,945.96M
Operating cash flow	387.25M	626.46M	496.20M	778.05M	278.70M

Valuation Measures

Dec 2022
PER	36.58
ROA	3.18%
ROE	6.15%
Operating margin	12.29%
Profit margin	8.31%

Management

Group Chief Financial Officer: Joerg Ayrle
Chief Executive Officer-IHH Healthcare Malaysia: Jean-François Naa
Group Chief Strategy Officer: Ashok Pandit
Group Head-Internal Audit: Stephen Byrne
Vice President-Investor Relations: Penelope Koh

Shareholders

Mitsui & Co., Ltd. (32.7%)
Khazanah Nasional Bhd. (Investment Company) (25.9%)
Employees Provident Fund (10.5%)
AYDINLAR MEHMET ALI (5.8%)
Permodalan Nasional Bhd. (5.1%)
AYDINLAR FAMILY (3.4%)
Kumpulan Wang Persaraan (3.4%)
Kuwait Investment Authority (Investment Management) (1.7%)
Public Mutual Bhd. (1.3%)
The Vanguard Group, Inc. (1.2%)

Contact Details

Website:http://www.ihhhealthcare.com
Address: Pantai Hospital Kuala Lumpur, 8 Jalan Bukit Pantai, Kuala Lumpur, 59100, Malaysia
Phone: +60.3.2298.9898

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Competitors

EUDA Health Holdings Limited

Last Updated on 25 Sep, 2023