Korian continues its growth with resilient 2020 results and enters the high end UK care home market
Strong commitment and collective mobilisation to affront the pandemic
Full Covid processes in place: hospital level hygiene standards audited by Bureau Veritas, adapted and
secured supply chain, 100,000 tests per week
76% of residents1 and 43% of staff2 vaccinated
Korian delivering on its ESG roadmap taken in 2020, with tangible results
Strong progression of net client satisfaction score3 by 400 bps and a gross satisfaction score of 94%
Doubling of the number of staff engaged in qualifying training programs (from 4% to 8% of staff)
Launch of low-carbon action plan in line with -40% roadmap (between 2018 and 2030)
Revenue up 7.2% (€ 3 874m) fuelled by resilient organic growth and active buy and build strategy
2% organic growth supported by the geographical and activity mix
New platforms in Spain and Netherlands bringing 20% of reported growth
Additional healthcare capacities (post-acute, outpatient, mental health) represent 40% of reported growth
Home care services confirm growth potential (+25% in 2020)
EBITDA Margin above guidance at 13.6% excluding one-off costs (12.9% with Covid-19 one-off costs)
Network of 1,000 facilities, 6,000 additional beds (+32% vs. 2019), of which 1,500 greenfield beds and
15 clinics with new outpatient places
Acceleration of diversification strategy
2/3 of investments in high demand healthcare segment; including leading positions in mental health and
specialised post-acute care in France and digital innovation for e-care pathways
Geographical expansion with exclusive negotiations to acquire high end platform in the UK in 2021
Strengthened balance sheet: financial leverage of 3.0x, real estate LTV of 55% on value of € 2.7bn
Proposed dividend of €0.30 per share
Guidance confirmed for 2022: >€4.5 billion revenue with 15.5% of EBITDA margin
Adapted to a long term Covid-19 environment and vaccination programme well advanced
Korian has been constantly mobilised throughout 2020 to protect its staff and residents from the Covid-19 virus
pandemic.
From March 2020, the Group has taken numerous initiatives to be able to operate on the long run in the Covid-
19 environment, such as:
- Deploying hospital level hygiene standards across the Group, audited by Bureau Veritas (98%
outstanding or very good level of compliance)
- adapted therapeutical protocols, in clinics as well as in nursing homes
- access to dedicated teleconsultation platforms (operated by Omedys in France)
- on-site testing capabilities for teams and external visitors
- permanent rolling stocks of PPE covering 2 months’ utilisation
- connexion tools to maintain links between patients and residents with families.