Max Healthcare Institute Limited

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mited Exchange Plaza, Plot C-1, Block G, 25th Floor, Bandra Kurla Complex, Phiroze Jeejeebhoy Towers, Bandra (E), Dalal Street, MUMBAI - 400 051 MUMBAI - 400 001 Symbol: MAXHEALTH Scrip Code: 543220

85%

ms of revenue, EBITDA and market capitalisation Current capacity 3,400+ beds NCR 17 Facilities ~85% Beds in metros 76% H1 FY23 Occupancy 280 Shalimar Bagh 540 402 378 BLK Patparganj Eqova V

76%

A and market capitalisation Current capacity 3,400+ beds NCR 17 Facilities ~85% Beds in metros 76% H1 FY23 Occupancy 280 Shalimar Bagh 540 402 378 BLK Patparganj Eqova Vaishali Panchsheel1

12%

Mohali1,2 Bathinda Dehradun Current Max Hospitals and medical centres Upcoming Max Hospitals 12% Revenue CAGR^ 3 years 59% EBITDA CAGR^ 3 years ~32% H1 FY23 ROCE Shareholding structure (as on

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Dehradun Current Max Hospitals and medical centres Upcoming Max Hospitals 12% Revenue CAGR^ 3 years 59% EBITDA CAGR^ 3 years ~32% H1 FY23 ROCE Shareholding structure (as on October 28, 2022) Top Pub

32%

and medical centres Upcoming Max Hospitals 12% Revenue CAGR^ 3 years 59% EBITDA CAGR^ 3 years ~32% H1 FY23 ROCE Shareholding structure (as on October 28, 2022) Top Public investors: Capital Grou

5.1%

unds • Ward Ferry • • • Vanguard (All funds) Canara Robeco Mutual Funds Polar Capital (All funds) 5.1% 23.8% 21.4% 49.7% Abhay Soi DIIs FPIs and FIIs Others * Based on publicly available informa

23.8%

Ward Ferry • • • Vanguard (All funds) Canara Robeco Mutual Funds Polar Capital (All funds) 5.1% 23.8% 21.4% 49.7% Abhay Soi DIIs FPIs and FIIs Others * Based on publicly available information fo

21.4%

erry • • • Vanguard (All funds) Canara Robeco Mutual Funds Polar Capital (All funds) 5.1% 23.8% 21.4% 49.7% Abhay Soi DIIs FPIs and FIIs Others * Based on publicly available information for liste

49.7%

• • Vanguard (All funds) Canara Robeco Mutual Funds Polar Capital (All funds) 5.1% 23.8% 21.4% 49.7% Abhay Soi DIIs FPIs and FIIs Others * Based on publicly available information for listed compa

INR 1,200

red stake in Eqova healthcare having potential to add 400+ beds in the East Delhi (1) • Raised INR 1,200 Cr equity through Qualified Institutional Placement (QIP) • Medcentre, Mohali (Immigration Depa

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surgeries | (5) Includes Onco Surgical and bone marrow transplant (BMT) *Q2 FY23 Annualized numbers 8 Dominant presence in the most attractive markets (1/2) Highest demand supply mismatch, per capita i

Top Public investors

1

Large metros have inherent advantages

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Contact

1

Top Public investors

Capital Group (All funds) SBI Mutual Funds • • • Government of Singapore / GIC • HDFC Mutual Funds • Ward Ferry • • • Vanguard (All funds) Canara Robeco Mutual Funds Polar Capital (All funds) 5.1% 23.8% 21.4% 49.7% Abhay Soi DIIs FPIs and FIIs Others * Based on publicly available information for listed companies (FY22) (1) Standalone speciality clinics with outpatient and day care services | (2) 2 facilities each at these locations | (3) 320 beds in East Block and 201 in West Block ^CAGR is calculated for FY19 to FY22 5 Vision: To be the Most Well Regarded Healthcare Provider in India To be the most well regarded healthcare provider in India committed to the highest standards of clinical excellence and patient care supported by latest technology and cutting edge research Quaternary care facilities Best-in-class clinical outcomes Patient centric approach Global best practices Rewarded by growth Constant pursuit to strengthen management Collaborative approach Patients Clinicians BEING “W

Large metros have inherent advantages

－ High per capita income, high insurance penetration and propensity to pay for high end quaternary care facilities 22% － Availability of senior/ statured clinical talent leading to Max Healthcare Fortis (Hospital business) Narayana Health (India) Apollo Hospitals KIMS Hospitals Aster Hospital (India) metros becoming regional hubs － Higher health awareness (1) ARPOB for FY22 (excl. Covid-19 vaccination revenues); Apollo’s revenue has been grossed up for adjustment of doctor fees as per the disclosures in the last annual report of FY21 | Source: Kotak and E&Y analysis & CRISIL research report / Medanta DRHP document 9 Dominant presence in the most attractive markets (2/2) Being metro-centric also positions MHC well to capitalise on medical tourism India’s foreign medical tourism industry has been growing ~3 Mn medical tourists in India by 2030e 7 6 5 4 3 2 1 0 2.9% 2.4% 1.8 2.3 30% 6.1% 6.4% 4.9% 4.9% 5.0 4.3 6.4 7.0 7% 6% 5% 4% 3% 2% 1% 0% 2014 2015 2016 2017 2018 2019 Delhi NCR capture

Contact

facilities. Out of the total network, eight hospitals and four medical centres are located in Aakrati Porwal Delhi and the NCR and the others are located in the cities of Mumbai, Mohali, Bathinda and Dehradun. The Max network includes all the hospitals and medical centres owned, operated and managed by the Company and its subsidiaries, and partner healthcare facilities. These include state-of-the-art tertiary and quaternary care hospitals at Saket, Patparganj, Vaishali, Rajendra Place, and Shalimar Bagh in NCR Delhi and one each in Max Healthcare Institute Ltd. Tel: +91 9920 409393 Email: aakrati.porwal@maxhealthcare.com Mumbai, Mohali, Bathinda and Dehradun, secondary care hospital in Gurgaon and Day Anoop Poojari / Suraj Digawalekar Care Centres at Noida, Lajpat Nagar and Panchsheel Park in NCR Delhi and one in Mohali, CDR India Punjab. The hospitals in Mohali and Bathinda are under PPP arrangement with the Tel: +91 98330 90434 / 98211 94418 Government of Punjab. Email: anoop@cdr-ind