2018 UEM Edgenta Annual Report
Contribution from the concession business, operated through Edgenta Mediserve Sdn Bhd (“Edgenta Mediserve”), continues to remain stable on a year-on-year basis as profitability increased with the new variation orders secured from Ministry of Health, Malaysia. The commercial business also recorded higher revenue and profitability backed by new contracts secured by UEMS Pte Ltd (“UEMS”) in Singapore and Taiwan. Awarded for Excellent Hospital Support Services by MoH, Malaysia 2-STAR Energy Management Gold Standard certified by AEMAS 4 th year Enhanced Clean Mark Accreditation Scheme (Gold) Award by NEA, Singapore Secured contract for 9 State Clinics in Pulau Pinang Won contracts in Singapore – Khoo Teck Puat Hospital, Tan Tock Seng Hospital and Sengkang General and Community Hospital Won contract in Taiwan – Tri-Service General Hospital, National Taiwan University Cancer Centre and Far East Memorial Hospital Revenue EBITDA PAT 2018 2017 Key Initiatives Results Operational excellence and continuous improvement in service delivery • Edgenta Mediserve , the concession business received the 4-STAR award for Excellent Hospital Support Services - Company Performance Assessment by Ministry of Health, Malaysia. • 22 public hospitals under the care of Edgenta Mediserve achieved 2-STAR Energy Management Gold Standard (EMGS) rating certified by ASEAN Energy Management Scheme (AEMAS). • UEMS , the commercial business successfully renewed and achieved the National Environment Agency Singapore Enhanced Clean Mark Accreditation Scheme (Gold) for the 4 th consecutive year. 984.6 904.2 121.8 107.8 80.7 86.5 BUSINESS REVIEW - HEALTHCARE SUPPORT WE PROVIDE A PEACE OF MIND TO OUR HEALTHCARE CLIENTS IN THE PUBLIC AND PRIVATE SECTORS BY ENSURING THEIR HOSPITAL ASSETS AND CLINICAL FACILITIES ARE FUNCTIONING AT AN OPTIMAL LEVEL OF EFFICIENCY VIA HOSPITAL SUPPORT SERVICES, ENVIRONMENTAL SERVICES AND INTEGRATED FACILITIES MANAGEMENT SERVICES. KEY INITIATIVES AND RESULTS KEY ACHIEVEMENTS FINANCIAL PERFORMANCE (RM million) • Revenue increased by RM80.4 million to RM984.6 million. EBITDA increased by RM14.0 million to RM121.8 million. PAT increased by RM5.8 million to RM86.5 million. • Contribution from concession business – Edgenta Mediserve continues to remain stable on a year-on- year basis and via new variation orders secured from Ministry of Health, Malaysia. Profitability also recorded an increase from operational efficiency initiatives. • Contribution from commercial business – Higher revenue and profitability are also backed by new contracts secured by UEMS in Singapore and Taiwan. Management Discussion & Analysis UEM Edgenta Berhad Annual Report 2018 About UEM Edgenta Chairman’s Statement 88
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