Investora 2023

Investing

for a better life

14 September 2023

AEVIS VICTORIA SA

AEVIS VICTORIA

14.09.2023 2

AEVIS VICTORIA

AEVIS invests in services to people in stable and resilient focus areas

Focus sectors - Investing for a better life

Healthcare

Hospitality & Lifestyle

67%

7%

MRH Switzerland AG

(ex Victoria Jungfrau AG)

27% Infrastructure

% of total value

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AEVIS VICTORIA

Visana Beteiligungen AG acquires a minority stake in Swiss Medical Network SA

A strategic partnership as a driver of the paradigm shift in the Swiss healthcare system

Transaction

11.1%

Stake acquired by Visana Beteiligungen AG

CHF 2.2bn

Enterprise Value (post-money)

Post-deal financial effect on AEVIS level:

  • Pro-formaequity ratio increases to 35.5% (vs. 28.5% in 2022)
  • Net debt reduction of CHF 150m decreases pro-forma leverage ratio to 49.5%
    (vs. 54.2% in 2022)

Joint Integrated Care strategy

  • Integrated care as a solution for the growing challenges in the Swiss healthcare system
  • Nationwide expansion as a next step:
    • Full capitation basic insurance plan VIVA ready to be offered to members as of 2024
    • Ongoing discussions for the establishment of additional integrated care networks
    • Vision: Start at least 5 more clusters within the next 5 years

Swiss Medical Network is optimally positioned to actively shape the future of healthcare:

  • Clear Integrated Care strategy (missing link for insurance companies)
  • Very experienced and visionary leadership team

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AEVIS VICTORIA

Share price development above SPIX benchmark

Key share price information

Key price and value information

MARKET CAPITALISATION (13.09.2023)

CURRENT SHARE PRICE (13.09.2023)

KEPLER CHEUVREUX TARGET PRICE*

CHF 1.6bn

CHF 18.95

CHF 21.50

52 WEEKS LOW

52 WEEKS HIGH

*based on sum-of-the-parts valuation methodology

CHF 16.80

CHF 21.10

AEVIS/SPIX performance comparison

AEVIS SPIX

80%

70%

60%

50%

40%

30%

20%

10%

0% -10%-20%

  • AEVIS VICTORIA is listed on the SIX Swiss Exchange (AEVS)
  • The shares are part of
    • Swiss Performance Index (SPI)
    • SXI Life Sciences Index (SLIFE) and
    • SXI Bio+Medtech Index (SBIOM)
  • All shares are registered shares

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Disclaimer

AEVIS Victoria SA published this content on 14 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 September 2023 12:14:03 UTC.