STRATEGIC REPORT
2016 2015 %
change
FINANCIAL
Revenue £’m 2 107 1 977 7%
EBITDA1 £’m 382 406 (6%)
Underlying EBITDA1 £’m 428 403 6%
Operating profit £’m 288 345 (17%)
Earnings2 £’m 177 241 (27%)
Underlying earnings1 £’m 219 193 13%
Basic earnings per share  pence 29.6 44.6 (34%)
Underlying basic earnings per share1 pence 36.7 35.8 3%
Dividend per share* pence 7.90 9.33 (15%)
Net debt at the year end £’m 1 536 1 353 14%
Capital expenditure on projects, new equipment and 
replacement of equipment £’m 186 192 (3%)
Southern Africa £’m 52  80 (35%)
Switzerland £’m 98  95 3%
United Arab Emirates £’m 36  17 112%
1 See the reconciliations between the statutory and the non-GAAP earning measures.
2 Earnings refer to profit attributable to equity holders.

The Al Noor acquisition has been classified as a reverse takeover in terms of IFRS 3. Since Mediclinic International Limited has been identified as the acquirer, the comparative figures are those of Mediclinic International Limited’s 2015 Group results excluding Al Noor and are re-presented in pounds sterling. Al Noor’s results have been consolidated from the effective date of the acquisition (15 February 2016).

Group results are subject to movements in foreign currency exchange rates. Refer to Foreign exchange rates for exchange rates used to convert the operating platforms’ results to pound sterling.

 
2016
 
2015
OPERATIONAL
Number of hospitals in operation 73 70
Southern Africa 52 52
Switzerland 16 16
United Arab Emirates 5 2
Number of clinics in operation 45 13
Southern Africa 2 0
Switzerland 4 3
United Arab Emirates (including Al Noor) 39 10
Number of licensed/registered beds (including day facility beds) 10 415 9 922
Southern Africa 8 017 7 885
Switzerland 1 677 1 655
United Arab Emirates (including Al Noor) 721 382
Number of licensed/registered theatres (including day facility theatres) 387 367
Southern Africa 270 269
Switzerland 92 88
United Arab Emirates (including Al Noor) 25 10

 
2016
 
2015
SOCIAL, ENVIRONMENTAL AND OTHER
Included in RobecoSam Dow Jones Sustainability Index Yes Yes
Number of employees 32 884 27 696
Southern Africa 16 832 16 522
Switzerland  9 120  8 749 
United Arab Emirates (including Al Noor) 6 932  2 425 
Staff turnover rate
Southern Africa 6.8%  7.2%
Switzerland 5.2%  6.9%
United Arab Emirates 12.4%  11.7%
Training spend as approximate percentage of payroll
Southern Africa 3.6%  3.0%
Switzerland 5.0%  5.0%
United Arab Emirates 0.3%  0.2%
Spent on corporate social investment
Southern Africa R’m 11.8  10.4
Switzerland CHF’m 2.5  2.1
United Arab Emirates AED’m 0.8  0.7
Transformation (South Africa only)
BBBEE scorecard contributor level  4 4
Percentage black employees 70.5%  69.1%
Percentage black management employees  25.7%  25.8%
Ranking in CDP Climate Disclosure Leadership Index joint 1st joint 2nd
Total energy usage (gigajoules/bed day) 1.652 1.754 
Southern Africa 0.333  0.331 
Switzerland (per calendar year) 0.477  0.533 
United Arab Emirates (hospitals only) 0.842  0.890