ANALYST MEETING

“PR9 2Q2019 Results” August 27, 2019

PR9 Summary and Updates

Project Updates

2

3

Operational Statistics & Financial Performance 4

Agenda Overview

1

PR9 Summary and Updates

Project Updates

2

3

Operational Statistics & Financial Performance 4

Agenda Overview

1

VISION & MILESTONES

THB 200 mm Rights offering

1st private hospital with 64 Slice CT Scan

Implementation of Pharmacy Robot

Signed Kidney referral MOUs

Started new building construction

1st private hospital with 640 Slice CT Scan

500 Kidney Transplant Cases

Started using 4D Ultrasound

2016 2018 2017 2013 2004 1992 2001 2005

Started hospital operation

The Most Trusted State of the Art Healthcare Provider

Providing the Best Healthcare Solution for Prevention and Treatment that are Valuable for Money by Professional Using State of the Art Technology Mission

Values

Vision

Accountability , Collaborative Creativity , Customer Centric with Professionalism

Listed in the Stock Exchange of Thailand

2019

W9 Wellness Center

Joint Care Center

Overview

24 Comprehensive Medical Centers

Tertiary-care hospital with world class medical quality (both general and complex treatments)

Mind Center

X

Breast Clinic Hair Center

Eye Center

Obstetric

Gynecology Center Orthopedic

Center

Medical Center

Surgery Center Pediatrics

Center

Ear Nose and

Throat Center

Dental Center Check-Up

Center

Skin Rejuvenation

Cosmetic Laser

Surgery &

Dermatology Center

Rehabilitation Center Imaging Center

(X-Ray)

Emergency Center

Gastroenterology

(GI)

and Hepatobiliary

(Liver)

Neurology

Center

Diabetes Metabolic

Center

Thyroid Center

Cardiovascular

Institute Kidney Transplant

Institute

Me

dic

al

Ac

cre

dit

ati

on

Te

ch

no

log

y

Oth

er

ke

y A

ch

ieve

me

nts

2010/ 2013/ 2016 – JCI 3rd accredited

2016 - CCPC: Kidney 2016 - CCPC: Diabetes medical care

2000 - ISO 9001:1994 2003 - ISO 9001:2000

2004/ 2007 - HA Level 3

− 2017 : 640-slice CT Scan

− 2016 : Pharmacy Robot

− 2005 : 64-slice CT Scan

− 2004 : 4D Ultrasound

2017: Best Utilization Award

AXA Provider Award

2019: Thailand Top Company Awards 2019 (Healthcare Sector)

Business+ magazine & University of the Thai Chamber of

Commerce

2017: Fertility Service Provider of the Year

Global Health and Travel Awards 2017 W9 Wellness Center

Joint Care

Center

2018: Thailand Top Company Awards 2018 (Healthcare Sector)

Business+ magazine & University of the Thai Chamber of

Commerce

PR9 Key Strategies

Top Line Initiatives

Hospital Network Expansion and Medical Cooperation

Increase Corporate and Insurance Coverage

International Patients Expansion

21 step down ICU beds

77 normal ward beds

24 ICU/CCU beds

21 normal ward beds

21 normal ward beds

Leverage expertise to build new customers base

Enhance medical treatment quality in the long term

Scope and

Scale Expansion

Comprehensive medical check-up program

Joint Care Center Wellness Center Pain & Rehab Center Allergy Center

Margin Expansion

Increase capacity utilization which will result in lower unit cost

Increase service intensity

Digital Hospital Transformation

Revitalizing Brand Awareness

2018 2019E 2020E 2022E 2021E

Where we are today Where we want to be

New Building (Wellness)

Renovated Existing Building

(Chronic)

Offer Comprehensive Medical Services Health Promotion/ Disease Prevention / Curative Medicine / Rehabilitation

Recognized complex medical treatments providers

Health Promotion Disease

Prevention Curative Medicine Rehabilitation

Leverage expertise to build new customers base • Joint Care Center • Wellness Center • Pain & Rehab Center • Allergy Center

166 188 212 233 254 0 59 59 59 59

2018 2019 2020 2021 2022

Existing Building 2

166 247 271 292 313

Scale and scope of services expansion

A B

PR9 Summary and Updates

Project Updates

2

3

Operational Statistics & Financial Performance 4

Agenda Overview

1

50.4 35.7 102.6 121.8

7.8% 5.2% 7.9% 8.8%

-2.0%

3.0%

8.0%

13.0%

0.0

50.0

100.0

150.0

200.0

2Q2018 2Q2019 1H2018 1H2019

98.2 83.9 199.8 227.4

15.3% 12.3%

15.4% 16.4%

-5.0%

5.0%

15.0%

25.0%

0.0

100.0

200.0

300.0

400.0

2Q2018 2Q2019 1H2018 1H2019

635.6 670.7

1277.9 1365.9

0.0

500.0

2Q2018 2Q2019 1H2018 1H2019

Financial Summary Medical revenue in 2Q2019 of Baht 670.7 million , 5.5% yoy

increase. This was mainly because of an increase in out-patient revenue by 6.6%. The incremental in out-patient revenue was mainly because of an increase in insurance & corporate patients which grew 19.9% while international patients also grew 14.8% resulting from marketing campaign and marketing activities. M

edica

l Rev

enue

EB

ITDA

Ne

t Pro

fit

EBITDA in 2Q2019 of Baht 83.9 million or 12.3% EBITDA margin, a 14.6% decrease ended 30 June 2018 EBITDA of Baht 98.2 million or 15.3% EBITDA margin.

Net profit in 2Q2019 of Baht 35.7 million or 5.2% of net profit margin that decreasing 29.2% from Baht 50.4 million or 7.8% net profit margin in 2Q2018.

111.5

16.4%

63.2

9.3%

18.4%

254.9

149.4

10.8%

International Marketing : Myanmar , China , Cambodia

Operational Update

Kidney Transplant Institute Hospital Network Visit / Kidney Transplant Cases and Waiting List

Digital Hospital Transformation: OPD Appointment application / Mobile IPD Doctor / In room service

Revitalizing Brand Awareness: New Website

2

1

3

4

Hospital Network MOU 1

W9 WELLNESS CENTER Soft opening : 4th July 2019

PR9 JOINT CARE CENTER Grand opening 7th August 2019

PR9 Pain Management and Wellness Center

• Comprehensive clinical programs for both pain and wellness program

Wellness program Pain treatment

Yoga Fitness

PR9 Pain Management and Wellness Center

Hydrotherapy Ice lab

PR9 Pain Management and Wellness Center

Digital Hospital Transformation

Source : Company data

OPD Appointment

application

Mobile IPD

Doctor

In room service

Real time Doctor Appointment Medication safety Improve customer experience

2

Digital hospital transformation : Queue Management System

www.Praram9.com Revitalizing Brand Awareness : New Website 3

INTERNATIONAL MARKETING

Praram 9 Hospital Office (Yangon) First PR9 Office in China (Zhejiang) Cambodia

4

PR9 Summary and Updates

Project Updates

2

3

Operational Statistics & Financial Performance 4

Agenda Overview

1

Projects in Pipeline

(1) As of 30 September 2018

Project Type Details Approx. Period Total cost

(THB mm)

1) Renovation of existing

building

Upgrade /

Renovate

Under construction

21 Step Down ICU beds – FL9

21 Normal ward beds – FL11

10 Normal ward beds – FL10

2018 – 2019 137

Future Projects

24 ICU & CCU beds

42 Normal ward beds

Re-Façade

2020 – 2022 235

2) New building New 16-story building with 2 underground floors 2017 - Q4/2019 2,343

3) Home Office New 6-story office building for back-office personnel 2018 - Q4/2019 70

4) Nurse Condominium New 8-story nurse condominium with approx. 80

rooms 2018 – 2019 200

5) Digital Hospital Upgrade Strategy for digital transformation 2018 - 2020 50

Construction Progress – Building 2

Construction Progress – Building 2 : Mock-up OPD

Construction Progress – Building 2 : Mock-up IPD

Construction Progress : Building 3

Construction Progress : Building 4 – Nurse Condominium

PR9 Summary and Updates

Project Updates

2

3

Operational Statistics & Financial Performance 4

Agenda Overview

1

Revenue Breakdown

349 353 388 405 374 376 702 750

293 283 323 308 321 295

576 616

11 6 5 10 9 9

17 18

1Q18 2Q2018 3Q2018 4Q2018 1Q2019 2Q2019 1H2018 1H2019OPD IPD Other revenue

Unit: THB mm

Total Revenue

(45%) (55%)

(44%) (56%)

(46%) (54%)

(45%) (55%)

(43%) (57%)

(46%) (54%)

(45%) (55%)

(45%) (55%)

653.3 642.0 716.0 722.3 704.3 679.8

1295.3 1384.1

Total Revenue +5.9% Medical Revenue +5.5% OPD +6.6% IPD +4.2%

543.60 561.26

Inter, 91.97

Inter, 109.44

2Q18 2Q19

Thai Inter

+3.2% +19.0%

Total Revenue : Q2 2018,2019

Unit: THB mm Total Revenue

497.0 507.8

115.1 132.9

23.5 30.0

2Q18 2Q19

Self Pay Insurance Contract Comp.

27.7%

+2.2%

+15.5% 4%

18% 78%

4% 20%

76%

352.6 376.0

283.0 294.7

6.4 9.1

2Q18 2Q19

OPD IPD Other rev. Total revenue

45% 55%

By Payor Revenue

by Nationality Revenue

44% 56% 16%

84% 14% 86%

642.0 679.8

Total Revenue +6.9% Medical Revenue +6.9% OPD +6.9% IPD +6.8%

1,101.4 1,150.7

176.5 215.2

1H18 1H19

Thai Inter

+4.5% +21.9%

Total Revenue : 1H 2018,2019

Unit: THB mm Total Revenue

984.2 1,035.4

238.9 270.4

54.8 60.1

1H18 1H19

Self Pay Insurance Contract Comp.

9.7%

+5.2%

+13.1% 4%

19% 77%

4% 20%

76%

701.7 750.3

576.3 615.6

17.3 18.2

1H18 1H19OPD IPD Other rev.

45% 55%

By Payor Revenue

by Nationality Revenue

45% 55%

14% 86%

16% 84%

1295.3 1384.1

Key Operational Statistics Q2 2019

Unit: ’000 visits

OPD Visits

102 103 112 115

105 106

1Q2018 2Q2018 3Q2018 4Q2018 1Q2019 2Q2019

OPD

+3.4% (YOY)

IPD Average Daily Census (ADC)

111 96

117 105 106

91

1Q2018 2Q2018 3Q2018 4Q2018 1Q2019 2Q2019

IPD

-5.2% (YOY)

Occupancy Rate base on available beds : Ward , ICU-CCU

125 142 142 142 142 142

24 24 24 24 24 24

74.3%

55.9%

70.0%

61.5% 61.4% 52.4%

73.6% 68.3%

74.2% 74.3% 77.8% 72.7%

0%

10%

20%

30%

40%

50%

60%

70%

-30

20

70

120

170

220

1Q18 2Q18 3Q18 4Q18 1Q19 2Q19

Ward ICU-CCU Ward Occupancy Rate ICU-CCU Occupancy Rate

197.9 186.9 227.1 225.1 224.8 181.5 384.8 406.3

30.8% 29.4% 32.0% 31.6% 32.3% 27.1% 30.1% 29.7%

1Q2018 2Q2018 3Q2018 4Q2018 1Q2019 2Q2019 1H2018 1H2019Gross Profit Gross Profit Margin

Profitability 2Q2019 & Half Year

Unit: THB mm

Gro

ss

Pro

fit

EB

ITD

A

Ne

t P

rofi

t

Unit: THB mm

Unit: THB mm

142.2

82.8

3.6%

• 11.5%

• 19.7% 254.9 • 16.4%

63.2

• 9.3%

111.5

• 18.4%

• 10.8%

197.0 • 29.4% 421.8

• 30.9%

149.4

101.6 98.2 145.9 25.8

143.4 83.9 199.8 227.3

15.5% 15.3%

20.4% 20.4%

12.3% 15.4% 16.4%

1Q2018 2Q2018 3Q2018 4Q2018 1Q2019 2Q2019 1H2018 1H2019EBITDA EBITDA Margin

-33 52.0 50.4 87.3 86.1 35.7

102.4 121.8

8.0% 7.8% 12.2%

-4.5%

12.2%

5.2%

7.9% 8.8%

1Q2018 2Q2018 3Q2018 4Q2018 1Q2019 2Q2019 1H2018 1H2019Net Profit Net Profit Margin

ANALYST MEETING

“PR9 2Q2019 Results” August 27, 2019