Q2 2024 Auna SA Earnings Call Transcript
Key Points
- Auna SA (AUNA) reported a 25% increase in adjusted EBITDA on an FX-neutral basis, with a 2 percentage point margin expansion.
- The company achieved a 12.5% top-line growth, driven by strong performance in Peru and Colombia.
- OncoMexico, a new integrated cancer insurance product, was successfully launched, showing promising early results.
- Auna SA (AUNA) maintained a positive adjusted net income for the quarter, supported by increased operating profit and a deferred tax benefit.
- The company is on track to achieve its 2024 guidance for adjusted EBITDA growth of 20% on a constant currency basis.
- The top-line growth in Mexico decelerated, attributed to seasonality and a shift towards high-complexity services.
- Increased impairment for doubtful accounts in Colombia impacted the financial results, reflecting higher market risk.
- SG&A expenses in Mexico increased due to investments in local and regional capabilities, affecting margins.
- The medical loss ratio (MLR) in Peru's oncological segment increased due to higher intercompany fees, though this was offset at the gross margin level.
- Free cash flow remained negative, impacted by extraordinary payments related to acquisition earn-out obligations.
Welcome to Auna second quarter 2024 earnings conference call. My name is Rob and I will be the operator for today's call. (Operator Instructions) Please note that this call is being recorded. There will be an opportunity for you to ask questions at the end of today's presentation.
Now I would like to turn the call over to Anna Maria Mora, Head of Investor Relations. Please go ahead.
Thank you, operator, and hello, everyone, and welcome to Auna's conference call to review our second quarter results. Please note that there is a webcast presentation to accompany the discussion during this call. If you need a copy of the presentation, please go to our Investor Relations website or contact Auna's Investor Relations team. Please note that we will discuss variances. We will be doing so on a year-over-year basis and in FX neutral or local currency terms with regard to Mexico and Colombia unless we note otherwise.
Let's move to slide 2. Before we begin, we would like to remind all participants that our comments
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
