EBMS International - 61 Minutes 2011
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Transcript of EBMS International - 61 Minutes 2011
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The Year in Review
in 61 MINUTES
Andy Clark
Joop Loomans
Mike Pownall
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The Economy in Decline?
How Does it Affect theEquine Industry
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Technology & Social Media
Asset?Liability?
Or Both?
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New Grads JobsDebt
Too Little and Too Much
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Challenging Times
2008200920102011…The Future
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The Economy
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U.S. Public Debt• 1980 Debt 33% of GDP $909 billion
• 1990 Debt 55.9% of GDP $ 3.2 trillion
• 2001 Debt 55.9% of GDP $ 5.7 trillion
• 2009 Debt 90% of GDP $14.3 trillion
2010 Debt = 100% of GDP
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USAPolitics & The Economy
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Equine Vets Under Attack
Internet & OTC Sales
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NCVEI 2010
Vet Practice Sales - 2010 vs. 2009o > 50 % are flat or upo 50% are down
Fee Increases for 2010o No change = 18.1%o Lowered = 1.4%o Raised = 80.5%
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Equine Industry Trendso Increase A/R
• Customers• Vendors / Suppliers
o Labor Reductions• Support Staff• Veterinarians
o Price slashingo Decrease Hospital Volume /
Revenueo Decrease in discretional spending
Improve Operational Efficiencies
Future growth
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Quarters compared to same Quarter last year. Dutch Practices n= 90
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Index Equine Revenue, 2008 = 100. Dutch Practices n= 90
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Pfizer Business Consultant, James White, said: "Practices are right to remain cautiously
optimistic about 2011 if we accept it's going to be a challenging year. By implementing the correct strategies now there are still opportunities for growth. Client loyalty is the buzzword and should remain a key component of any practice strategy being implemented in the coming months."
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Wider competition & deregulation
• The level of competition within the veterinary market continues to increase - RCVS
• 2008 Private Practices = 4000• 2010 Private Practices = >3,000 • The number of corporately owned practices is
steadily on the increaseo opened up by the deregulation of ownership of
veterinary practices. o WalMart Effect
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Recession Affecting Animals
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Mergers & Acquisitions
•Service/Support•R&D•Sponsorship •Product Offerings
•Innovation
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Student Debt-the Reality
Debt
Starting salaries
AVMA
106%
56%
North America
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USA Student Debt - the Reality
• Ave debt for UK students?• Ave debt for EU Students?• Ave debt for Canadian Students = $52,000
• Ave debt - US veterinary college
• $131,00 for males• $134,00 for females
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Comparisons - Professionals
BLS 5/08
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Private Clinical Practice % Mean 1st Year $
Mixed animal 8.3(9.) 62,327(58,522)
Small animal exclusive 28.2(3)
71,462(64,744)
Equine 2(3.3) 38,468(41,636)
USA Veterinarian Starting Salaries 2010 vs (2008)
$48,778 male$34,250 female
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Equine Vet Practice
AAEP Job Bank – Aug 19, 2011
742 Resumes15 Jobs49 resumes for each job
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• 32% vs 23 % of med students in yr 1• Multi species• Euthanasia
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Social Networking
• 50% of Western Europe internet users use Social Media
• > 60% of East Europeans• Facebook, You Tube & Twitter are
largest networks• YouTube uploads 35 hours of video each
MINUTE!• Twitter delivers 350 billion tweets/day.
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Human Medicine
• 15% of US hospitals using social media
• Australian & New Zealand Medical Associations have created social media policies
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Social Networking
• 750 million users worldwide• 48% in North America (13%)• 26% in Europe (29% increase)• Mobile users are twice as active. (<1/3)
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• Schleswig-Holstein State• State institutions must remove like
button
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• 25 million users in 4 weeks• Tech crowd• Interest is leveling
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Collaboration
• FourSquare
• Yelp
• Go To Webinar
• Google Docs
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www.foursquare.com
www.gowalla.com• Location based• “Check ins”• Win rewards
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Everyone is Talking About You!
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Groupon
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Mobile ComputingDroid/iPhone/Blackberry
• Droid has 48% market share
• Apple largest selling phone maker
oBlackberry falls to #4
o >200,000 iPhone Apps
o 13 billion business in 2013 www.techcrunch.com
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Mobile ComputingDroid/iPhone/Blackberry
• Droid has 48% market share
• Apple largest selling phone maker
oBlackberry falls to #4
o >200,000 iPhone Apps
o 38 billion business in 2015
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Mobile Payments
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iPad
• >350,000 sold in first week
• 14 million this year alone
• Practice Software• Facetime
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Ranking of the top 6 sport-
organizations in
The Netherlands
1990 2001 Members in 2001
2007 Members in 2007
2009 Members in 2009
(x 1.000) (x 1.000) (x 1.000)
Soccer 1 1 1,038 1 1,130 1 1,179
Tennis 2 2 702 2 691 2 725
Golf 19 5 169 3 291 3 335
Gymnastics 3 3 288 4 280 4 269
Hockey 8 8 147 5 197 5 223
Equestrian 18 6 151 6 196 6 209
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Number of starts in Olympic
DisciplinesAantal starts per Olympische discipline
2009 2010Maand Dressuur Springen Eventing Totaal Dressuur Springen Eventing Totaal
Januari 154 1606 1760 142 2029 2171
Februari 22 713 17 752 32 1111 11 1154
Maart 50 1081 35 1166 45 1206 28 1279
April 109 1620 38 1767 121 1636 96 1853
Mei 334 1601 82 2017 143 2029 80 2252
Juni 74 1563 51 1688 109 1586 47 1742
Juli 194 2380 63 2637 134 2314 114 2562
Augustus 70 1653 99 1822 114 1515 90 1719
September 64 1231 109 1404 36 1325 114 1475
Oktober 75 1303 32 1410 55 1548 28 1631
November 13 1560 1573 13 1194 1 1208
December 27 1477 1504 22 1944 1966
Totaal1186 17788 526 19500 966 19437 609 21012
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KWPN - Royal Dutch Sport Horse
• Biggest warmblood studbook in the world• Very successful in breeding and sports• Goal is to breed top sport horses• Very strict selection process
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North American
Racing Update
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Situational Analysis• Declining Foal Crop: Down 13%
2005: 38,361 - 2012: 24,700• Major Auction Sales: Down 32%• Handle: Down 37%• Purses: Down 6%• Attendance: Down 30%• Declining Fan Base 4%/yr
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Core of American Racing is Strong
• Kentucky Derby Attendance up 8% (2000-2011)
• Breeders Cup Racing up 6% (2006-2010)• Grade I and Grade II Handle is up 23%
(2001-2010)
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Main Issues of Racing
• Competition from other forms of gambling• Dilution of the racing product• The fan base of racing is decreasing 4%
per year• Animal welfare is a growing concern for
the U.S. Public.
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2010 Horse Numbers
US TB live foals
• Down 14.2% in 2010
• 1972 #s in 2011
Canada STB stallions standing
o 43% decrease since 2007
Canada STB Mares bred
o 29% decrease since 2007
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Sales In North America
• Keeneland Sales o 2008 ave $90,984, med $37,000o 2009 ave $60,734, med $22,000o 2010 ave $64, 811, med $25,000
oAve 6.7%, med 13.6%
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Successes 2010
• 1st place WBFSH-ranking Jumping• 1st place WBFSH-ranking Dressage• Jazz 1st on WBFSH Stallion Ranking
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KWPN/Royal Dutch Sport Horse
x(1000) 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011Total sales 1,224 730 867 792 950 1,492 1,512 1,145 1,065 967Average Price 49 32 38 33 33 57 42 37 34 29Highest Price 360 90 145 150 220 430 190 220 90 150
Select Sales 3 year old stallions
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KWPN/Royal Dutch Sport Horse
Making the Royal Dutch Sport Horse
well known in growing markets
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Equine Veterinary Business Education
Amsterdam - August 2010
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Amsterdam - August 2010
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Thank You
www.slideshare.net/mpownall
www.equinevetbusiness.com
www.dvmmba.com