Corporate Info
PROFILE
Parkway Holdings Limited, listed on the Singapore Stock Exchange since 1975, is one of the region's leading providers of healthcare services, with a network of 16 hospitals with more than 3,400 beds throughout Asia, including Singapore, Malaysia, Brunei, India and China. In Singapore, the Group owns Parkway Group Healthcare Pte Ltd and Parkway Hospitals Singapore Pte Ltd, which operates three of Singapore's premier healthcare providers: Gleneagles, Mount Elizabeth and Parkway East Hospitals. The Group also owns Parkway Shenton Pte Ltd, a major provider of primary healthcare services; Medi-Rad Associates Ltd, a leading radiology services provider; and Parkway Laboratory Services Ltd, a major provider of laboratory services. In addition, Parkway Trust Management Limited provides management services to Parkway Life REIT, while Parkway Education Pte Ltd offers healthcare education through Parkway College of Nursing and Allied Health. The Group also operates 39 ParkwayHealth Patient Assistance Centres (PPAC) across the globe.
SHAREHOLDING STRUCTURE
| Shareholders | Proportion of shares owned |
TPG Capital |
23.9% |
Khazanah Nasional |
23.32% |
The Bank of New York Mellon Corporation |
5.99% |
Newton Investment Management Ltd |
5.99% |
Franklin Resources, Inc. |
5.98% |
Others |
34.82% |
OUR COMPETITIVE STRENGTHS
Parkway Holdings Limited is the largest private healthcare operator in Singapore, with 1,200 accredited medical specialists covering over 40 areas of specialization. These include renowned experts in their fields, all of whom are dedicated to providing comprehensive, integrated care. The Group is also able to provide a comprehensive range of healthcare services like diagnostic imaging and laboratory services. The Group's 16 hospitals in Asia make it a key player in the regional healthcare arena.
Parkway Trust Management also provides management services to Parkway Life REIT, while Parkway Education offers quality courses in the field of healthcare education through the Parkway College of Nursing and Allied Health.
OUR BUSINESS STRATEGY
By providing quality clinical outcomes and the highest standards of service possible, the Group's services and facilities are able to attract patients seeking excellent and comprehensive healthcare. The Group also operates on a hub and spoke model to bring in patients from the region. Parkway Trust Management and Parkway Education also provide diversified sources of revenue.
OUR CUSTOMERS
60% of our patients are Singaporean, and the remaining 40% are foreign.
FINANCIAL HIGHLIGHTS (q3 2009)
For the third quarter of 2009, Parkway Holdings Limited registered continued growth despite the global economic downturn:
- Strong quarterly group revenue of $259.0 million, an 8% increase over Q3 2008
- Net profit for the quarter excluding exceptional items jumps 103% to $32.2 million
- Singapore hospitals enjoy increase in inpatient admissions and net revenue per adjusted patient day
- International hospital operations and healthcare services deliver strong performance
Performance at a glance (Q3 2009)
| Q3 2009 | Q3 2008^ | Variance | YTD 30 Sep 2009 |
YTD 30 Sep 2008^ |
Variance | |
Revenue ($’000) |
259,035 |
239,352 |
8% |
755,372 |
704,199 |
7% |
EBITDAR* ($'000) |
63,844 |
51,189 |
25% |
181,929 |
154,676 |
18% |
PATMI ($’000) |
32,471 |
11,219 |
189% |
94,059 |
59,098 |
59% |
PATMI ($'000) |
32,176 |
15,856 |
103% |
85,658 |
63,402 |
35% |
Basic EPS (cents) |
2.88 |
0.99 |
191% |
8.34 |
6.09 |
37% |
Basic EPS (cents) |
2.85 |
1.41 |
102% |
7.60 |
6.53 |
16% |
| 30 Sep 2009 |
31 Dec 2008 |
Variance | ||||
NAV / share ($) |
1.27 |
1.19 |
7% |
|||
NTA / share ($) |
1.02 |
0.93 |
10% |
^ Comparatives have been restated for change in accounting policy during the year.
* Comparative EBITDAR is restated to exclude fair value gain on fair value of financial instruments through profit or loss.
CORPORATE INFORMATION
Listing
Main Board
Singapore Exchange
Listed 7 April 1975
Company Secretaries
June Tay Kwok Fung
Ho Li Li
Auditors
KPMG LLP
Public Accountants and Certified Public Accountants
16 Raffles Quay, #22-00
Hong Leong Building
Singapore 048581
Partner-In-Charge since the fiscal year ended 31 Dec 2005: Tay Puay Cheng
Share Registrar
M&C Services Private Limited
138 Robinson Road
#17-00
The Corporate Office
Singapore 068906
Principal Bankers
Calyon
DBS Bank Ltd
Oversea-Chinese Banking Corporation Limited
Standard Chartered Bank
The Hongkong and Shanghai Banking Corporation Limited
The Royal Bank of Scotland plc, Singapore Branch
Registered Office
Parkway Holdings Limited
TripleOne Somerset
111 Somerset Road
#15-01
Singapore 238164
Tel: +65 6307 7880
Fax: +65 6738 1750
www.parkwayholdings.com