Integral Diagnostics (IDX) Company Presentation summary

Key highlights and strategic positioning

• Second largest radiology practice in Australia by clinic count, with 150 sites across Australia and New Zealand.

• Strong industry fundamentals: ageing population, tech advancements, and supportive regulation drive demand.

• Defensive revenue profile and broad GP/specialist referral network in metro and regional areas.

• Industry-leading teleradiology platform and focus on operational leverage and margin improvement.

• Actively managing costs and leveraging scale in procurement, IT, and recruitment.

Merger with Capitol Health

• Merger has enhanced operational and financial scale, with 362 radiologists and 2,807 employees.

• Pro forma FY24 revenue of $705m and operating EBITDA of $141m.

• Expected to deliver over $10m in annual pre-tax net cost synergies within the first year.

• Double-digit pro forma FY25 EPS accretion anticipated for shareholders.

• Strengthened platform for growth, including AI-enabled technology and expanded MRI capacity.

Merger integration and cost synergies

• New organisation structure and Integration Management Office established.

• Cost synergies on track, with key savings in headcount, procurement, IT, and listed company costs.

• Over $10m in annual pre-tax net cost synergies identified and on track for delivery.

• Increased use of teleradiology and focus on radiologist recruitment and procurement efficiencies.

• IDXt teleradiology platform now employs 101 teleradiologists and is growing market share.