Stop parsing PDFs. Get the API. Request Access

AI Terminal

MODULE: AI_ANALYST
Interactive Q&A, Risk Assessment, Summarization
MODULE: DATA_EXTRACT
Excel Export, XBRL Parsing, Table Digitization
MODULE: PEER_COMP
Sector Benchmarking, Sentiment Analysis
SYSTEM ACCESS LOCKED
Authenticate / Register Log In

AEVIS VICTORIA SA

Investor Presentation • May 29, 2015

808_ip_2015-05-29_848e551d-ffa5-47c1-9e96-91a9ec009e59.pdf

Investor Presentation

Open in Viewer

Opens in native device viewer

Analyst and press conference

Zurich, 29 May 2015

Disclaimer

This communication contains statements that constitute "forward‐looking statements". In this communication, such forward‐looking statements include, without limitation, statements relating to our financial condition, results of operations and business and certain of our strategic plans and objectives. Because these forward‐looking statements are subject to risks and uncertainties, actual future results may differ materially from those expressed in or implied by the statements. Many of these risks and uncertainties relate to factors which are beyond AEVIS Holding SA's ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behavior of other market participants, the actions of governmental regulators and other risk factors detailed in AEVIS Holding SA's past and future filings and reports and in past and future filings, press releases, reports and other information posted on AEVIS' group companies websites. Readers are cautioned not to put undue reliance on forward‐looking statements, which speak only of the date of this communication. AEVIS Holding disclaims any intention or obligation to update and revise any forward‐looking statements, whether as a result of new information, future events or otherwise. This presentation does not constitute an offer tosell or a solicitation to purchase any securities of AEVIS Holding SA.

Speakers

Presentationof AEVIS Holding SA

AntoineHubert, Delegate of the Board

AEVIS – valuecreation through acquisitions

  • • Since2010, strong expansion of P&L and balance sheet thanks to internal and external growth
  • • In 2015, expected pro forma revenue of approximately CHF 600m (all entities consolidated over a 12‐monthperiod) and an improvement of profitability of 1.5% to 3.0%

Highlights and outlook

i
S
t
t
r
a
e
g
c
l
i
t
m
e
s
o
n
e
s
2
0
1
4		 (
")
h
f
l
d
l
k
"G
f
l
l
G
G
i
S
i
M
i
N
S
A
S
M
N
t
t
t
t
•
r
o
w
s
r
a
e
g
y
o
e
n
o
e
r
w
s
s
e
c
a
e
w
o
r
s
u
c
c
e
s
s
u
y
h
d
h
h
f
h
t
l
i
i
i
i
1
i
i
5
t
t
t
t
t
t
c
o
n
n
u
e
w
e
n
e
g
r
a
o
n
o
e
c
n
c
(
")
d
h
f
l
h
"S
I
i
S
i
H
P
i
A
G
H
P
t
t
t
t
t
t
t
•
n
e
g
r
a
o
n
a
n
g
r
o
w
s
r
a
e
g
y
o
w
s
s
e
a
c
a
r
e
r
o
p
e
r
e
s
h
h
f
h
b
l
d
f
k
l
k
l
l
k
i
i
i
i
i
i
i
i
i
i
P
V
P
t
t
t
t
t
t
p
r
o
g
r
e
s
s
n
g
e
n
e
g
r
a
o
n
o
e
n
g
s
o
r
a
n
a
m
a
r
w
u
v
(
h
),
l
f
(
)
d
l
l
R
i
A
i
G
i
i
S
i
C
i
i
C
I
C
C
t
t
t
t
o
r
s
r
a
c
e
r
n
r
a
s
r
u
c
u
r
e
o
n
a
n
n
c
a
r
e
n
s
f
f
f
l
l
l
d
h
h
b
l
i
i
i
i
S
i
i
i
D
A
E
V
I
t
t
t
t
t
t
•
e
r
s
c
a
o
n
s
r
a
e
g
o
s
c
c
e
s
s
m
p
e
m
e
n
e
e
p
c
v
y
u
u
y
w
u
k
f
f
h
h
f
f
l
l
(
"V
")
%
7
1.
2
V
i
i
J
C
i
A
G
J
C
t
t
t
t
a
e
o
v
e
r
o
o
e
s
a
r
e
s
o
c
o
r
a‐
u
n
g
r
a
u
o
e
c
o
n
i
i
l
F
n
a
n
c
a
h
i
h
l
i
h
2
0
1
4
t
g
g
s		 d
b
l
l
i
%
i
i
T
1
9
2
C
H
F
5
4
2
4
t
•
u
r
n
o
v
e
r
n
c
r
e
a
s
e
y
o
m
o
n
d
l
l
f
C
6
i
i
2
%
E
B
I
T
D
A
H
F
5
4
1
1
t
•
s
o
a
r
e
o
m
o
n
o
r
o
r
e
v
e
n
u
e
s
(
)
f
l
d
f
h
d
h
b
d
S
i
i
i
A
V
I
S
i
C
H
1
4
E
5‐
F
5
t
t
t
•
u
c
c
e
s
s
u
s
s
u
e
a
n
n
c
r
e
a
s
e
o
a
r
s
r
a
g
o
n
y
e
a
r,
m
F
o
c
u
s
2
0
1
5		 f
'
f
"s
f
f
"
h
d
l
b
l
F
A
E
V
I
S
i
i
i
t
t
t
t
t
t
•
u
r
e
r
e
v
e
o
p
m
e
n
o
n
v
e
s
m
e
n
o
c
u
s
o
n
e
r
v
c
e
s
o
r
a
e
e
r
e
l
l
l
f
d
i
i
i
i
i
F
G
S
M
N
S
H
P
t
•
a
c
q
s
o
n
p
p
e
n
e
o
r
a
n
u
u
f
i
i
i
C
R
V
J
t
•
e‐
p
o
s
o
n
n
g
o
(
)
d
l
l
f
d
h
2
0
1
C
H
6
0
0
i
i
1
2‐
5
F
t
t
t
t
•
r
e
v
e
n
u
e
a
r
g
e
e
a
a
p
p
r
o
x.
m
o
n
p
r
o
o
r
m
a
a
n
o
v
e
r
m
o
n
s
f
b
F
i
i
E
B
I
T
D
A
i
i
i
i
i
1.
5
%
3
0
%
t
t
t
t
•
o
c
u
s
o
n
m
p
r
o
v
n
g
o
e
x
s
n
g
a
c
v
e
s
y
o

AEVIS Annual Results 2014– balance sheet

'0
I
C
H
F
0
0
n		 3
1.
1
2.
2
0
1
4		 3
1.
1
2.
2
0
1
3
h
d
h
l
C
i
t
a
s
a
n
c
a
s
e
q
u
v
a
e
n
s		 '5
4
8
4
7		 '0
2
9
6
5
h
O
t
t
t
e
r
c
u
r
r
e
n
a
s
s
e
s		 '7
1
7
8
0
0		 '1
1
5
8
1
4
l
T
t
t
t
o
a
c
r
r
e
n
a
s
s
e
s
u		 '2
2
2
7
7
4		 '1
1
8
7
7
9
d
F
i
t
x
e
a
s
s
e
s		 '0
'2
1
1
5
3
8		 '3
7
8
2
2
3
h
O
t
t
t
e
r
n
o
n‐
c
u
r
r
e
n
a
s
s
e
s		 '0
4
6
9
2		 '1
3
6
5
5
l
T
t
t
t
o
a
n
o
n‐
c
r
r
e
n
a
s
s
e
s
u		 '0
'3
1
6
1
3
0		 '4
8
1
8
7
8
l
T
t
t
o
a
a
s
s
e
s		 '2
'6
1
8
8
0
4		 '0
'6
1
0
5
5
7
h
f
l
l
b
l
S
i
i
i
i
i
i
t‐
t
t
o
r
e
r
m
n
a
n
c
a
a
e
s		 '9
1
3
7
8
6		 '6
2
1
1
6
7
h
l
i
b
i
l
i
i
O
t
t
t
e
r
c
u
r
r
e
n
a
e
s		 '9
1
2
1
6
6		 '7
1
2
2
6
3
l
l
b
l
i
i
i
i
T
t
t
t
o
a
c
u
r
r
e
n
a
e
s		 '9
2
9
2
5
5		 '4
3
3
3
0
4
f
l
l
b
l
L
i
i
i
i
i
i
‐t
t
o
n
g
e
r
m
n
a
n
c
a
a
e
s		 '6
5
7
8
2
2		 '5
3
4
4
7
3
h
l
b
l
i
i
i
i
O
t
t
t
e
r
n
o
n‐
c
r
r
e
n
a
e
s
u		 '8
1
3
0
2
8		 '7
9
3
3
5
l
l
b
l
i
i
i
i
T
t
t
t
o
a
n
o
n‐
c
u
r
r
e
n
a
e
s		 '4
0
9
0
7
5		 '3
4
3
8
0
8
l
l
b
l
i
i
i
i
T
t
t
o
a
a
e
s		 '4
9
6
9
0
2		 '7
7
7
2
3
8
l
i
T
t
t
o
a
e
q
u
y		 '2
3
1
9
0
2		 '9
2
3
2
1
9
l
i
d
l
i
b
i
l
i
i
T
t
t
t
o
a
e
q
u
y
a
n
a
e
s		 '2
'6
1
8
8
0
4		 '0
'6
1
0
5
5
7
  • Asset base in excess of CHF 1.28 billion thanks to the acquisition of VJC and Villa im Parkreal estate
  • Netfinancial leverage of 53.23%
  • Half of financial debt is real‐estatebacked(mortgages)
  • Increased equity and further improvement of equity ratio to 24.8%(23.2% at 31.12.2013)
  • Nogoodwill on the balance sheet
  • Significant financing reserves to fund AEVIS' continued growth strategy

AEVIS Annual Results 2014– income statement

'0
I
C
H
F
0
0
n		 2
0
1
4		 2
0
1
3
R '3
5
4
2
7
2		 '6
4
5
4
6
9
e
v
e
n
u
e
h
t
g
ro
w		 1
9.
3
%		 n.
a.
O
i
t
p
e
r
a
n
g
e
x
p
e
n
s
e
s		 (
'4
)
4
1
9
8
4		 (
'6
)
3
4
1
9
7
I
A
E
B
T
D		 '4
6
0
3
5		 '7
6
0
5
5
in
m
ar
g		 %
1
2.
1		 %
1
3.
4
d
i
i
i
i
D
t
t
t
e
p
r
e
c
a
o
n
a
n
a
m
o
r
s
a
o
n		 (
'7
)
3
3
3
3		 (
'8
)
3
3
2
8
I
E
B
T		 '0
2
8
9
1		 '9
2
6
2
7
in
m
ar
g		 %
5.
2		 %
5.
9
l
l
i
i
F
t
n
a
n
c
a
r
e
s
u		 (
'5
)
2
0
0
2		 (
'3
)
1
5
2
5
f
f
h
l
S
i
t
a
r
e
o
o
s
s
o
e
q
u
y		 2
1
4		 (
)
1
6
1
d
i
t
t
a
c
c
o
u
n
e
n
v
e
s
e
e
s
d
i
l
O
t
r
n
a
r
r
e
s
y
u		 '8
7
0
3		 '4
1
1
4
1
d
l
i
E
t
t
r
a
o
r
n
a
r
r
e
s
x
y
u		 (
'4
)
6
1
1		 (
)
2
3
1
b
f
i
E
t
a
r
n
n
g
s
e
o
r
e
a
x
e
s		 '3
6
8
7		 '3
8
1
1
1
I
t
n
c
o
m
e
a
x
e
s		 (
)
1
3
8		 (
'3
)
4
4
1
f
i
f
h
P
t
t
r
o
o
r
e
y
e
a
r		 '1
6
1
8		 '6
8
7
5
in
m
ar
g		 %
1.
1		 9
%
1.
  • Strong revenue growth (+19.3%) through targeted acquisitions
  • Slight decrease in EBITDA margin at 12.1%, due to the integration of newacquisitions
  • Depreciation mostly based on SHP growth and VJC integration
  • Increased financial charges due to the bondAEV14
  • Profit for the period at CHF 6.1million

Leading healthcare and hotel platform strategy

  • • AEVIS is aninvestment company focusing on "services for a better life"
  • • GSMN with 15 private clinics in Switzerland is an important player in a heavily regulated market andaligned to participate in the shaping of the Swiss healthcare market development
  • • VJC is the largest 5* hotel group in Switzerland. The group pursues a targeted growth strategy toincrease market coverage and improve the power of the hotel brands
  • •Strong real‐estate portfolio to provide a solid foundation to GSMN and VJC

High visibility on capital markets

AEVIS is listedon the Domestic Standard of SIX Swiss Exchange (Ticker: AEVS)

  • • Stock price 27.05.2015: CHF44.8
  • • 60dVWAP: CHF 44.90
  • • Current market cap: CHF 647.8million

Todiversify its financing sources, AEVIS has successfully issued three straight bonds:

  • • 2012: CHF 80 million at 4.25%maturing in 2016
  • • 2013: CHF 100 million at 3.50%maturing in 2018
  • • 2014: CHF 145 million at 2.75%maturing in 2019

Presentationof Genolier Swiss Medical Network SA

BeatRöthlisberger, CEO

Genolier Swiss Medical Network SA(GSMN)

  • • GSMN is the 2nd largest network of private clinics in Switzerland, present in all 3 linguistic regions
  • Strong player in the private healthcare sector inSwitzerland
  • Reliable private alternative to the public healthcaresystem
  • Leader for medical tourists in Switzerland
  • • GSMN operational key figures
  • 15 private clinics and one affiliated clinic
  • More than 950 beds
  • Around 2'750 employees
  • Around 1'250 admitting physicians
  • More than 39'000 surgical interventions
  • Around 2'600 deliveries per year
  • • GSMN is managed by an experienced team with an outstanding track record and a broad network in the Swiss private Healthcare industry (with doctors, health insurers, health officials, etc.)

Key achievements 2014

l
G
e
n
e
r
a		 f
f
d
h
l
d
h
h
l
l
l
b
C
i
i
i
i
i
1
4
i
i
t
t
t
t
t
t
t
t
t
•
o
n
n
e
g
r
o
s
r
a
e
g
e
a
o
e
e
p
a
n
s
o
n
o
e
c
n
c
s
p
o
r
o
o
o
c
n
c
s
u
w
y
x
y
h
d
f
l
d
d
l
d
h
d
2
0
1
6
0
i
i
i
i
i
j
i
G
S
4
N
M
N
t
t
t
t
e
e
n
o
e
a
r
y
a
o
n
a
a
e
n
n
g
p
y
s
c
a
n
s
o
n
e
h
f
d
d
l
l
d
i
i
i
L
G
A
t
t
•
a
u
n
c
o
r
a
n
n
g
a
n
e
v
e
o
p
m
e
n
p
r
o
g
r
a
m
e
n
o
e
r
c
a
e
m
y
f
l
l
b
T
C
H
F
4
6
1.
2
i
i
6.
3
%
2
0
1
3
•
u
r
n
o
v
e
r
o
m
o
n,
a
o
v
e
f
l
l
f
i
i
i
i
%
E
B
I
T
D
A
C
H
F
3
4
5
7.
5
t
•
o
m
o
n,
r
e
p
r
e
s
e
n
n
g
a
m
a
r
g
n
o
f
h
l
l
f
d
l
I
C
H
F
4
0
i
i
i
i
t
t
t
t
t
•
n
e
s
m
e
n
s
o
m
o
r
e
a
n
m
o
n
n
n
r
a
s
r
c
r
e,
p
r
o
c
e
s
s
e
s
a
n
p
e
o
p
e
v
u
u
/
l
i
i
k
P
t
t
o
c
s
m
a
r
e		 k
d
b
b
l
h
l
l
d
f
O
i
i
i
i
i
i
i
i
i
t
t
t
t
t
t
•
n
g
o
n
g
m
a
r
e
s
o
r
o
n
s
y
p
u
c
o
s
p
a
s
e
a
n
g
o
c
o
n
n
u
n
g
n
c
r
e
a
s
e
s
o
d
l
l
h
f
d
l
i
i
i
i
i
i
t
t
t
t
t
t
e
x
p
e
n
s
e
s
a
n
p
r
c
e
e
v
e
s
a
e
c
o
s
o
p
a
e
n
s,
n
s
u
r
e
r
s
a
n
p
r
v
a
e
c
n
c
s
f
l
l
f
l
f
h
h
N
i
i
G
S
M
N
i
i
i
i
t
t
t
t
t
t
•
e
g
o
a
o
n
p
o
e
r
o
a
s
a
n
a
o
n
a
p
a
e
r
s
s
e
o
g
s
w
y
u
u
i
S
t
t
r
a
e
g
c
i
l
t
m
e
s
o
n
e
s
l
l
i
d
i
i
t
s
e
c
n
c
s		 f
h
k
l
k
l
h
f
l
h
h
i
i
i
S
i
i
i
i
i
i
i
A
B
B
t
t
t
t
t
t
•
c
q
u
s
o
n
o
c
m
e
r
z
n
a
s
e
a
s
s
r
a
e
g
c
m
o
v
e
n
o
e
c
y
o
a
s
e
w
c
s
f
d
d
b
k
h
l
l
i
i
i
t
t
t
t
t
t
c
o
n
s
e
r
e
o
e
a
m
a
r
e
a
o
o
p
o
e
n
a
w
d
f
h
â
l
d
l
l
i
i
i
i
i
G
S
i
R
M
N
N
t
t
t
t
•
e
p
o
s
o
n
n
g
a
n
n
e
g
r
a
o
n
p
r
o
c
e
s
s
o
e
u
c
e
a
v
a
n
c
n
g
v
e
r
y
w
e
(
ô
)
d
b
l
h
h
l
d
b
P
i
i
i
i
i
H
i
J
i
i
S
i
I
i
t
t
t
t
t‐
r
o
e
n
c
e,
p
c‐
p
r
a
e
p
a
r
n
e
r
s
p
p
a
r
a
e
r
n
o
s
n
a
n
m
e
r
v
u
v
w
u
u
h
l
d
f
's
h
â
l
h
f
b
l
l
i
i
G
S
N
i
N
i
i
i
i
F
M
M
t
t
t
t
t
t
t
t
•
u
r
e
r
c
o
n
s
o
a
o
n
o
p
r
e
s
e
n
c
e
n
e
u
c
e
w
n
e
g
r
a
o
n
o
o
n
r
a
n
h
d
d
l
i
L
C
F
2
0
1
5
n
a‐
a
u
x‐
e‐
o
n
s
e
a
r
y
f
l
f
l
d
l
è
l
l
d
l
l
S
i
i
i
C
i
i
V
i
i
i
i
t
t
t
t
t
•
u
c
c
e
s
s
u
n
e
w
p
o
s
o
n
n
g
o
n
q
u
e
e
a
r
e
o
p
e
r
a
o
n
a
y
a
n
n
a
p
o
c
a
c
o
n
e
x
i
S
t
t
r
a
e
g
c
i
l
t
m
e
s
o
n
e
s
l
d
l
i
i
i
t
n
o
n‐
s
e
c
n
c
s		 d
h
d
f
k
l
k
d
b
h
i
i
i
i
i
i
i
I
P
L
W
t
t
t
t
t
t
t
•
m
p
o
r
a
n
a
v
a
n
c
e
s
n
e
u
r
n
a
r
o
u
n
p
r
o
c
e
s
s
o
r
v
a
n
n
e
r
g
n
n
e
r
u
r
h
k
k
l
h
d
d
A
i
i
i
B
i
i
i
i
i
t
t
t
t
t
t
•
c
n
e
a
n
e
n
p
c
n
g
p
q
c
n
e
m
a
n
a
g
e
m
e
n
a
n
n
e
o
c
o
r
s
v
y
u
u
y
w
w
w

Key projects 2015

  • Continued growth strategy with the integration of further clinics (Clinique Montbrillant early 2015) and the recruiting of new admitting physicians
  • Focus on profitability with the optimisation of processes and uncovering of synergies
  • • Increase andsustain market position and profitability of our clinics
  • •Prepare the 2016 cantonal hospital planning
  • •Develop competence centres in each clinic
  • Continuedintegration work on recent acquisitions
  • Focus onHuman Ressources: recruiting, teaching, connecting
  • Intensify the discussions and relations with insurance companies
  • • Becomea preferred partner for complementary insurances
  • Remainactive and present on the political front in the highly regulated health sector
  • TARMED (the ambulatory tariff structure) price reductions of 8.5% for 2015 will have an impact on the reimbursement which will be countered with additional efficiency and cost‐ cutting processes

Presentation of Swiss HealthcareProperties SA

Christoph Syz, CEO

Swiss Healthcare Properties AG (SHP)

  • • SHP is a real estate company focusing on investments in healthcare related properties all overSwitzerland
  • • Today, SHP owns 28 healthcare properties, located all over Switzerland in 13 specific sites and representing a total rental surface of over 120'000m2
  • • Almost all SHP properties are rented to the various GSMN clinics, and have been bought or constructed in the context of the development of the GSMNgroup
  • • SHP is committed on the long‐term to the growth anddevelopment of the clinics' operations
  • • All SHP's properties are fully let and include an additional development potential of 15'000m2 to 20'000m2 (35'000m2 with new development plans)
  • • SHPwas integrated into AEVIS in July 2012
  • • SHP is managed by Patrimonium Healthcare Property Advisors AG, a joint venture between Patrimonium andAEVIS

SHPportfolio key figures

•

•

•

•

•LTV

•

•

•

•

•

•

  • Healthcare properties 28 (13 sites) Rental area 120'480m2 Global plot area 189'897m2 Vacancy rate 0% (Full utilisation) ratio 47.3% Portfolio market value W&P CHF 684 million Portfolio Swiss GAAP book value CHF 604.4 million Annual rental income CHF 40.9 million Gross yield 5.8% Average rental income / m2 CHF 339.‐ Market value / plot area average CHF 5'016.‐
  • •Development potential 15'000m2 to 20'000m2
  • 35'000 m2

Key achievements 2014

l
G
e
n
e
r
a		 d
f
's
f
l
f
l
f
d
l
i
i
i
i
C
S
H
P
t
t
t
t
•
o
n
n
u
e
e
x
p
a
n
s
o
n
o
p
o
r
o
o
r
o
m
a
v
a
u
a
o
n,
s
u
r
a
c
e
a
n
r
e
n
a
i
i
t
n
c
o
m
e
p
e
r
s
p
e
c
v
e
f
l
d
h
l
h
l‐
f
h
i
i
i
i
i
i
P
S
H
P
t
t
t
t
t
t
•
o
s
o
n
n
g
o
a
s
a
s
p
e
c
a
z
e
e
a
c
a
r
e
r
e
a
e
s
a
e
n
v
e
s
o
r
u
r
e
r
f
f
h
d
h
h
d
i
i
i
i
i
t
t
t
t
t
t
t
t
t
s
a
r
p
e
n
e
w
e
s
a
r
o
a
e
n
a
n
v
e
r
s
c
a
o
n
s
r
a
e
g
y
l
l
l
b
d
%
R
i
C
H
F
3
1.
7
i
i
1
1.
6
2
0
1
3
t
t
t
•
e
n
a
n
c
o
m
e
a
m
o
u
n
e
o
m
o
n,
a
o
v
e
f
l
l
f
i
i
i
i
%
E
B
I
T
D
A
C
H
F
2
7
7
8
7
4
t
•
o
m
o
n,
r
e
p
r
e
s
e
n
n
g
a
m
a
r
g
n
o
k
l
f
f
l
l
b
i
C
6
8
i
i
3
2
0
M
H
F
4
1
D
1
4
t
t
•
a
r
e
v
a
u
e
o
p
r
o
p
e
r
e
s
o
m
o
n
p
e
r
e
c
e
m
e
r
a
s
d
i
&
W
ü
P
t
t
t
t
e
s
m
a
e
e
s
a
r
n
e
r
f
d
d
b
f
h
d
f
i
3
%
i
i
8
6
%
2
0
L
T
V
4
7
1.
1
4
t
t
t
t
t
•
r
a
o
o
a
n
e
n
a
n
c
n
g
c
o
s
s
a
e
r
a
g
e
a
e
e
n
o
v
i
i
i
A
t
c
q
s
o
n
s
u		 (
f
h
b
l
d
f
l
d
h
l
A
i
i
i
i
i
A
i
G
i
i
S
i
i
i
t
t
t
t
t
•
c
q
u
s
o
n
o
e
u
n
g
o
r
a
c
e
r
s
n
o
n
e
n
a
n
p
r
o
v
e
s
e
c
o
p
e
r
b
l
)
i
a
m
a
n
c
e
s
e
r
c
e
s
u
v
f
f
k
l
k
l
l
k
h
i
i
i
i
i
i
i
i
i
i
i
A
P
V
P
R
t
t
t
t
•
c
q
u
s
o
n
o
p
r
e
m
s
e
s
o
r
v
a
n
a
m
a
r
n
o
r
s
f
l
h
b
l
d
l
d
E
2
0
1
5,
i
i
C
i
i
C
I
C
R
i
i
i
M
i
t
t
•
a
r
y
e
u
n
g
o
n
c
v
e
r
a
n
o
n
r
e
u
x
w
a
s
a
c
q
u
r
e
l,
h
'0
f
l
f
h
f
l
d
d
d
I
1
0
0
0
2
i
t
t
t
t
t
t
t
•
n
o
a
m
o
r
e
a
n
m
o
r
e
n
a
s
u
r
a
c
e
w
e
r
e
a
e
o
e
p
o
r
o
o
l
d
C
t
o
m
p
e
e
i
t
r
e
n
o
v
a
o
n
j
t
p
r
o
e
c
s		 f
l
f
l
(
l
l
d
d
d
d
C
i
i
C
i
i
A
M
i
i
G
i
i
t
t
t
t
•
r
e
a
o
n
o
m
o
u
a
r
u
n
s
o
r
n
c
a
r
s
e
c
a
n
r
a
v
e
s
a
n
o
a
o
n
a
r
e
n
a
)
f
f
6
7
8
2
s
u
r
a
c
e
o
m

Key projects 2015

  • With 28 different properties across Switzerland and a vacancy rate of 0%, SHP expects a stableorganic growth of rental income
  • To further improve the portfolio targeted development projects are planned for 2015 and beyond
  • • Villa im Park: Constructionof a additional building as well as parking facilities (2'300m2)
  • • Genolier: construction of two new buildings as well as construction of additional parking facilities (15'000m2) – 2017‐20
  • •Lindberg: Demolition of 2 buildings and construction of a major extension (11'000m2) – 2016‐18
  • • Bethanien: Demolitionof 2 buildings and construction of a major extension (4'000m2) – 2016‐18
  • • Clinica Sant'Anna: Demolition of a building and construction of a new building as well as constructionof additional parking facilities (3'800m2) – 2016‐18
  • •Clinique CIC Clarens: Renovation, elevation and construction of an extension (15'000m2) – 2015‐17
  • SHP continuously evaluates further real estate acquisitions opportunities in healthcare related areas alsofocusing on public service providers

Presentationof Victoria‐Jungfrau Collection AG

BeatSigg, CEO

Victoria‐Jungfrau Collection AG (VJC)

  • • VJC is the leading luxury hotel group comprising four 5‐stars hotels in Swiss prime locations Zurich, Bern, Lucerne and Interlaken
  • • AEVISacquired 71.2% of VJC in April 2014
  • • The acquisition was a diversification move to consolidate AEVIS' strategic focus on services for abetter live
  • • With the related hotels of La Réserve and Seiler Hotels in Zermatt the hotel network of AEVIS extends to 7 upscale hotels in Switzerland and 2 inFrance
  • • Strategy:
  • Integration as stand‐alone division in AEVIS
  • Growth strategy investing in existing hotels
  • Focus on improved brand positioning
  • Interlace Nescens in the hotel offerings to lever thehealthcare network of GSMN
  • Build synergies with Michel Reybier Hospitality and Seiler Hotels Zermatt which areall under the same general management
l
H
t
o
e
s		 R
o
o
m
s		 l
f
T
t
o
a
s
r
a
c
e
u		 l
E
m
p
o
e
e
s
y
f
*
i
i
V
J
t
c
o
r
a‐
u
n
g
r
a
u		 2
2
4		 '2
4
4
6
9		 2
4
3
l
P
L
a
a
c
e
u
z
e
r
n		 1
2
9		 '3
3
3
7		 1
1
0
d
*
E
L
e
n
a
u
a
c		 0
5		 '4
1
1
9		 5
5
l
l
l
B
P
e
e
v
u
e
a
a
c
e		 1
2
8		 '2
3
9
6		 1
2
9
l
T
t
o
a		 5
3
1		 '3
5
2
2
1		 5
3
7

*Buildings fully owned by VJC

Key achievements 2014

l
G
e
n
e
r
a		 f
f
l
d
f
d
l
k
h
l
d
d
i
C
i
i
i
S
A
V
J
A
E
V
I
t
t
t
t
•
e
r
a
s
u
c
c
e
s
s
u
a
n
r
e
n
y
a
e
o
v
e
r
p
r
o
c
e
s
s,
e
s
c
o
n
s
o
a
e
n
l
d
i
i
2
0
i
i
i
1
A
1
4
s
n
c
e
p
r
a
s
a
n
e
w
v
s
o
n
d
h
l
h
d
l
l
f
b
h
i
i
i
i
i
I
t
t
t
t
t
t
t
t
•
n
e
g
r
a
o
n
p
r
o
c
e
s
s
s
a
v
a
n
c
n
g
s
m
o
o
y
w
a
g
o
o
c
u
u
r
a
e
w
e
e
n
e
f
d
S
C
A
E
V
I
V
J
t
t
m
a
n
a
g
e
m
e
n
e
a
m
s
o
a
n
h
h
h
l
d
f
h
k
S
i
i
i
t
t
t
t
t
t
t
t
•
r
o
n
g
e
r
o
c
c
u
p
a
n
c
y
r
a
e
s
r
o
u
g
o
u
e
y
e
a
r
r
e
s
u
e
n
u
r
e
r
g
a
n
s
n
m
a
r
e
h
d
b
f
l
l
b
i
i
C
H
4
i
i
3
6
%
2
0
1
3
R
F
7
7
t
t
t
t
s
a
r
e
a
n
a
e
e
r
a
c
v
y
e
v
e
n
u
e
o
m
o
n,
a
o
v
e
:
l
d
l
d
k
d
i
i
i
i
i
i
F
t
t
t
t,
t
•
r
s
s
y
n
e
r
g
e
s
a
r
e
a
y
r
e
s
u
e
n
c
o
s
s
a
v
n
g
s
n
p
r
o
c
u
r
e
m
e
n
m
a
r
e
n
g
a
n
d
l
d
d
f
b
l
f
l
l
i
i
i
i
i
i
i
i
I
A
C
H
2
i
i
E
B
T
D
F
5
t
t
t
t
t
a
m
n
s
r
a
o
n
e
a
n
g
o
m
p
r
o
v
e
p
r
o
a
y
o
m
o
n,
u
p
:
f
h
1
4
4
2
%
i
t
r
o
m
e
p
r
e
v
o
u
s
y
e
a
r
S
i
t
t
r
a
e
g
c
l
i
t
m
e
s
o
n
e
s		 d
h
h
l
f
h
f
l
d
d
f
d
f
h
B
i
i
i
i
t
t
t
t
t
t
•
a
s
e
o
n
a
o
r
o
u
g
a
n
a
y
s
s
o
e
p
o
r
o
o
a
s
r
a
e
g
c
r
o
a
m
a
p
w
a
s
e
n
e
o
r
e
d
l
f
h
h
l
t
t
t
e
v
e
o
p
m
e
n
o
e
o
e
g
r
o
u
p
h
h
h
l
f
é
d
h
l
l
d
C
i
i
L
R
S
i
H
t
t
t
t
t
t
t
t
•
o
o
p
e
r
a
o
n
w
e
o
e
s
o
a
s
e
r
v
e
a
n
e
e
e
r
o
e
s
s
a
r
e
f
h
l
l
k
N
i
I
t
t
t
•
e
w
m
a
n
a
g
e
m
e
n
o
o
e
n
n
e
r
a
e
n
b
b
h
l
h
d
h
N
i
L
L
L
i
ü
i
P
E
Z
t
t
t
t
t
•
e
w
g
a
s
r
o
n
o
m
c
o
y
c
o
n
c
e
p
a
e
a
a
c
e
u
z
e
r
n,
e
e
n
a
u
a
c
n
r
c
a
s
l
l
h
l
l
l
B
P
i
B
t
t
w
e
a
s
a
e
e
e
v
u
e
a
a
c
e
n
e
r
n
d
i
i
E
c
o
n
o
m
c
r
v
e
r
s		 l
l
f
l
k
h
k
f
l
d
h
i
i
i
i
i
i
i
i
P
U
R
t
t
t
t
t
t
t
t
•
e
r
s
s
e
n
o
a
o
n
n
a
n
c
a
m
a
r
e
s,
e
r
a
n
e‐
s
s
a
c
o
n
c
a
n
e
v
y
u
b
l
h
l
l
d
h
l
l
h
l
i
i
i
S
t
t
t
t
r
e
n
c
e
s
o
n
e
c
a
n
g
e
r
a
o
e
e
s
p
o
s
e
a
n
o
n
g
o
n
g
c
a
e
n
g
e
o
s
s
o
e
g
r
o
p
s
u
u
x
v
w
u
h
d
f
d
b
f
b
d
h
's
k
d
i
i
i
i
i
T
V
J
C
t
t
t
t
t
•
e
e
r
s
e
c
s
o
m
e
r
a
s
e
o
c
o
m
n
e
m
a
n
a
g
e
m
e
n
s
r
o
n
g
r
a
c
r
e
c
o
r
v
u
w
h
l
d
k
l
d
d
b
d
h
h
l
l
i
i
t
t
t
e
p
e
o
q
c
a
a
p
a
n
r
g
e
o
s
e
c
a
e
n
g
e
s
u
y

Key projects 2015

  • Ongoing optimization of the positioning of every hotel in order to be able to improve room andoccupancy rates to continue organic growth
  • Further integration into AEVIS and La Réserve / Seiler Hotels in order to maximise synergies for cost‐cuttings and marketing reach
  • Negotiations in order to improve the rental agreement conditions in the hotels in Berne and Lucerne to allowfor more financial and operational flexibility
  • Specific projects
  • • Renovationof the restaurant "La Terrasse"in Interlaken
  • •Opening of a «live cooking station» on the terrace in Lucerne
  • •Planning and preparation of an extensive renovation project in Zurich
  • •Last stage of renovation of 30 rooms in Bern
  • Further optimization of processes, systems, products and human resources in order to be able to adapt to the changes in the global market environments as well as to the changing travelhabits

Presentationof NESCENS

AntoineHubert, Delegate of the Board

Nescens

  • • Nescens offers innovative products and services for a better living / better aging connecting healthcare, wellness and lifestyle under a Swiss high quality brand
  • • Nescens is applied within GSMN's clinics as well as withinVJC's and the other affiliated hotels
  • • Integrated approach combining preventive medicine, wellness and anti‐aging medicine as well as aesthetic medicine andcosmeceuticals
  • • Emerging market segment with high growth potential, both in Switzerland and abroad
  • • Nescens divisions
  • Centers for Preventive Medicine (Genolier, Lausanne, Lugano & Zurich (2016))
  • Swiss StemCell Science – Stem Cell banking
  • Better Aging Spas (La Réserve, VJC)
  • Paris Spontini plastic surgery clinic
  • Private Patient Units international offering of comprehensive private department packages forhospitals
  • Swiss Anti‐aging Science Cosmeceuticals

Merger of AEVIS and VJC

Antoine Hubert, Delegate of the Board of AEVIS BeatSigg, Delegate of the Board of VJC

Merger of VJC and AEVIS

  • The boards of directors of AEVIS and VJC have concluded a contract regarding the merger of bothcompanies
  • As aresult of this merger, AEVIS Holding SA will change its name to AEVIS VICTORIA SA
  • VJCshareholders will receive 8 AEVIS shares per VJC share
  • This merger, subject to the approval of the general assembly of 29 June 2015, will allow a complete integration of both groups
  • Key benefits of and reasons for the merger
  • • The merger will reinforce synergies and cooperation within the group allowing higher quality of services andfurther cost reductions based on economies of scale
  • • The merger will give increased stability for the long‐term development of VJC inter alia providing easier access tothe financing power of AEVIS
  • • Finally, the merger will allow to eliminate the double trading on SIX Swiss Exchange and otc‐x of BEKB which will allow a further reduction of expenses at the same time providing the VJC shareholders withan improved liquidity of their shares

Valuationoverview

  • The exchange ratio of 8 AEVIS shares per VJC share is based on a price per VJC share of CHF 359.20 andCHF 44.90 per AEVIS share (60d VWAP on 27 May 2015)
  • The board of directors of VJC has mandated the independent valuation expert The Corporate Finance Group to establish a fairness opinion on the value per VJC share
  • The fairness opinion confirms the adequacy and fairness of the price per VJC share applied inthe exchange

Important information regarding the merger

  • Themerger is subject to the approval of the general assemblies of AEVIS and VJC
  • The hotel activities of VJC will continue to be consolidated in a sub‐holding of AEVIS called Victoria‐Jungfrau Collection AG
  • Management and board of directors of VJC will remain unchanged
  • Theregistered office of VJC will remain in Interlaken
  • It was decided to change the name of AEVIS Holding SA into AEVIS VICTORIA SA to emphasise the importance and grasp of the Victoria‐Jungfrau brand
  • UBS AGhas been mandated to act as handling and listing agent in the merger

Thank you for your interest

Q&A

Financialcalendar

  • June
  • 29
  • 30
  • November 2015
  • March

  • 29

  • 2015 Publicationof 1Q2015 turnover

  • June 2015 Ordinary General Shareholders Meeting for the year 2014
  • September 2015 Half‐yearly results 1H2015
  • Publicationof 3Q2015 turnover
  • 2016 Publication of 2015 turnover
  • April 2016 Annual Results 2015
  • AEVIS Holding SA rue Georges‐Jordil 4 1700 Fribourg Tel. +41 26 350 02 02 Fax +41 26 350 02 03 [email protected]

Media & Investor Relations c/o Dynamics Group Edwin van der Geest / Philippe Blangey Tel. +41 43 268 32 32 Fax +41 43 268 32 39 [email protected]

More from AEVIS VICTORIA SA

Earnings Release 2025
Dec 29
Earnings Release 2025
Dec 29
Earnings Release 2025
Dec 29
Earnings Release 2025
Dec 29
Earnings Release 2025
Nov 3
Earnings Release 2025
Nov 3
Earnings Release 2025
Nov 3
Earnings Release 2025
Nov 3
Earnings Release 2025
Sep 18
Earnings Release 2025
Sep 18
View all filings →

Talk to a Data Expert

Have a question? We'll get back to you promptly.