#1Saudi German Health Investor Presentation - 1Q 2022 Saudi German Health#2SGH at a Glance *Aggregate figures from 2015 till 1Q 2022 7 ~1k bed ~90% Hospitals Operational Capacity Population Access 5.8k 991 2.0k Total Staff Total Doctors Total Nurses 4.1 63% 62% Avg. Length of Stay Utilization Rate (Beds) Utilization Rate (Clinics) 405k* 8.7mn* 216k* Inpatient Censes Outpatient Censes Performed Surgeries#3The Group Mission To Provide Evidence-Based, Safe Medical Services Delivered with Effective Management, Engagement with Our Community and Fulfillment of Our Stakeholder's Needs. Vision To be the Leader in Improving People's Lives.#4TABLE OF CONTENT 01 Overview 02 Market Landscape 03 Financial & Operational Highlights 04 Updates & Strategic Focus 05 1Q 2022 Results#5|01 Overview 100 120 140 160 180 200 220 80 60 240 40 SPHYGMOMANOMETER 260 40 280 20 300#6Our People Eng. Sobhi Batterjee Chairman Makarem Batterjee President and Vice Chairman Dr Ahmed Shebl Group Chief Executive Officer Madani Hozaien Group Chief Financial Officer#7About Saudi German Health Saudi German Health at a Glance Middle East Healthcare Company (MEAHCO), publicly known as Saudi German Health (SGH), is a leading healthcare provider in Saudi Arabia. Building on a long family legacy as medical pioneers in the Kingdom, Saudi German Health was founded by the Batterjee family 33 years ago to relieve people's suffering and have a positive impact on their health. In 1988, Eng. Sobhi Batterjee, Chairman of Saudi German Health, and Dr. Khalid Batterjee, Vice President of Saudi German Health, established the first hospital in Jeddah and collaborated with German University Hospitals to bring advanced German healthcare standards and expertise to the local community for the first time in the Kingdom of Saudi Arabia. These associations inspired the 'German' in our name. Since then, MEAHCO has been expanding and growing its presence organically on firm footing. MEAHCO is the most geographically diverse healthcare player in Saudi Arabia with a total licensed capacity of 1,517 beds and a comprehensive network of 7 full-fledged hospitals in Jeddah, Asser, Riyadh, Madinah, Hail and Dammam, enabling it to access ~90% of the Kingdom's population. Old Branding شركة الشرق الأوسط للرعاية الصحية ( ميكو) | MIDDLE EAST HEALTHCARE COMPANY (MEAHCO) SAUDI GERMAN HOSPITALS GROUP مجموعة مستشفيات السعودي الألماني A Revamped Vision New Branding شركة الشرق الأوسط للرعاية الصحية ( ميكو ) MIDDLE EAST HEALTHCARE COMPANY (MEAHCO) السعودي الألماني الصحية Saudi German Health#8Equity Growth Story 217 Licensed Beds 204 Operational Beds 131 Clinics 1988 Establishment in Jeddah 300 Licensed Beds 214 Operational Beds 69 Clinics 2001 Establishment in Riyadh 150 Licensed Beds 90 Operational Beds 24 Clinics 2017 Establishment in Hail 150 Licensed Beds 98 Operational Beds 16 Clinics 2020 Establishment in Dammam & Riyadh Hospital Joined Mayo Clinic Network 35 Operational Beds 16 Clinics 2022 Launch of One-Day Surgery Hospital in Jeddah A :O: AP مهما 2000 Establishment in Asser 400 Licensed Beds 291 Operational Beds 89 Clinics 2003 Establishment in Madinah 300 Licensed Beds 197 Operational Beds 58 Clinics 2018 Beverly Clinics 20 Clinics 2021 Rebranding to "Saudi German Health" ID#9Saudi German Health's Brand Footprint 4 COUNTRIES Saudi Arabia • 6 Owned Jeddah Asser Riyadh Madinah Hail 12 HOSPITALS 30+ YEARS 44 SPECIALITIES Dammam • 1 Leased Jeddah • United Arab Emirates • 3 Hospitals Egypt Dubai Sharjah Ajman 1 Hospital Cairo Yemen . • 1 Hospital Sana Hospitals Owned Hospitals Under Management Agreement Hospitals Leased Ppp#10Accredited In Progress Accreditations Jeddah Asser Riyadh Madinah Hail Dammam THE JOINT COMMISSION NATIONAL QUALITY APPROVAL CBAHI المركز السعودي لاعتماد المنشآت الصحية Saudi Central Board for Accreditation of Healthcare Institutions HiMSS CAP ACCREDITED COLLEGE OF AMERICAN PATHOLOGISTS 33 Ⓡ 10#11Share Overview Shareholder Structure SGH Share Data Market Cap. (SAR mn) 2,987 Market Cap. (USD mn) 796 Others 52-Week High (SAR) 40.85 55% 92mn Shares 45% Bait Al-Batterjee 52-Week Low (SAR) 31.35 3-month ADTV (SAR mn) 13 12-month ADTV (SAR mn) 32 1 Year Stock Performance vs. TASI IVOLUME TRADED (SGH) Middle East Healthcare Co. Tadwaul All Share Index (Rebased) 50 45 40 35 30 25 NN 20 سلسل Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 اساسيات اساسي Mar-22 11#12| 02 Market Overview 80 60 40 40 100 120 140 160 180 200 220 240 SPHYGMOMANOMETER 260 20 280 300 12#13Population at a Glance Gender Breakdown (%) 42% 26% 25% 58% 7% 4% Male ■Female 28% 14% Breakdown by Administrative District (%) 15% Age Breakdown (%) 27% 0-19 31% 20-34 35-49 >50 7% 5% 3% 2% 2% 1% 2% 1% Riyadh Makkah Madinah Al-Qassim Eastern Region Asir Tabuk Hail Northern Borders Jazan Najran Al-Bahah Al-Jawf *Sources: Kingdom of Saudi Arabia - General Authority for Statistics 13#14Sector Growth Profile No. of Baby Deliveries (#000) Surgeries Baby Deliveries Physicians 82 593 602 FY 16/17 FY 17/18 No. of Surgeries (#mn) 1.1 FY 16/17 ■Total Physicians (#000) 1.3 578 40% 17% 43% FY 18/19 FY 16/17 1.4 Breakdown by Institution (%) MOH Other Gov.Sector Private Sector 39% 17% 44% FY 17/18 General OBS/GYN Ophthamology Orthopedics E.N.T Others 18/19 Breakdown by Type (%) 10% 10% 9% 9% Urology Pediatrics 6% 5% Cardiac,chest & vascular 4% Plastic Faciodental Neurosurgery 3% 3% 2% Breakdown by Institution (%) MOH Other Gov.Sector Private Sector FY 17/18 FY 18/19 No. of Physicians ■Total Physicians/Every 10k People 28% 94 88 20% 52% 28% 21% 52% 40% 17% 44% FY 18/19 21% 18% 28% 20% 25.3 26.4 27.6 FY 16/17 FY 17/18 FY 18/19 FY 16/17 FY 17/18 FY 18/19 *Sources: Kingdom of Saudi Arabia - General Authority for Statistics 52% 14#15Inpatients & Outpatients at a Glance Inpatients Outpatients Breakdown of Inpatients 28% 10 72% ■ Saudi ■ Non-Saudi Breakdown of Outpatients 10 75% 25% ■ Saudi ■ Non-Saudi *Sources: Kingdom of Saudi Arabia - General Authority for Statistics Sector Breakdown 49% 42% 36% 15% FY 16/17 MOH 46% 40% 39% 18% 16% FY 17/18 FY 18/19 Other Gov.Sector I Private Sector Sector Breakdown 43% 39% 43% 39% 44% 37% 17% 18% 19% FY 16/17 FY 17/18 FY 18/19 ■MOH Other Gov.Sector Private Sector 15#16With Clear Room for Growth Beds No. Beds (# 000) 77.0 75.1 73.0 70.8 69.4 Hospitals No. of Hospitals (#) 498.0 494.0 484.0 470.0 462.0 FY 14/15 FY 15/16 FY 16/17 FY 17/18 FY 18/19 FY 14/15. FY 15/16 FY 16/17 FY 17/18 FY 18/19 223.7 No. of Beds/ 100k Person (#) 222.9 No. of Hospitals/ 100k Person (#) 225.0 224.7 1.5 224.2 1.5 FY 14/15 FY 15/16 FY 16/17 FY 17/18 *Sources: Kingdom of Saudi Arabia - General Authority for Statistics 1.5 1.5 1.5 FY 18/19 FY 14/15 FY 15/16 FY 16/17 FY 17/18 FY 18/19 16#17Health Insurance (1-2) Highlights Gross Written Premiums (SR bn) 24 Total Saudi Insurance Companies 65% 10.7mn Contributors in Health Insurance Policies 35% ■ Saudi ■ Non-Saudi Net Written Premiums (SR bn) 25.1 22.5 22.8 19.9 19.1 18.4 19.3 21.6 21.9 24.2 .... Illl.. 5.1 6.2 5.0 6.0 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 4Q 2020 4Q 2021 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 4Q 2020 4Q 2021 Net Earned Premiums (SR bn) 22.8 21.8 20.9 18.4 18.8 16.1 17.1 Net Claims Incurred (SR bn) 18.3 18.0 19.7 .... IIIII.. FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 4Q 2020 4Q 2021 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 4Q 2020 4Q 2021 *Sources: Saudi Central Bank, Council of Cooperative Health Insurance 17#18Health Insurance (2-2) Gross Written Premiums (% of Total Market) 52% 61% 60% 60% 59% 59% 57% Net Written Premiums (% of Total Market) 60% 64% 71% 71% 70% 68% 69% FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 4Q 2020 4Q 2021 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 4Q 2020 4Q 2021 Net Earned Premiums (% of Total Market) 63% 60% 69% 69% 69% 69% 67% Net Claims Incurred (% of Total Market) 75% 74% 73% 72% 71% 69% 65% FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 4Q 2020 4Q 2021 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 4Q 2020 4Q 2021 *Sources: Saudi Central Bank, Council of Cooperative Health Insurance 18#19100 120 140 160 180 200 220 80 60 240 40 SPHYGMOMANOMETER 260 40 280 20 300 103 Finanical & Opeational Highlights 19#20Key P&L Indicators Revenue (SAR mn) EBITDA (SAR mn) Net Profit After Zakat (SAR mn) mll.. Um.. I….….... 5 16 20 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 10 1Q FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 10 10 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 10 1Q 2021 2022 2021 2022 2021 2022 Gross Profit Margin (%) 51% 41% 36% 32% 33% 32% 32% 29% 26% 25% EBITDA Margin (%) 18% 13% 13% 13% 13% 10% Net Profit Margin (%) 22% 20% 12% 6% 4% 4% 2% 1% FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 10 2021 10 2022 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 10 2021 10 2022 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 10 2021 1Q 2022 20#21Key Balance Sheet Metrics Assets (SR bn) 4.2 4.1 4.0 155 3.6 3.3 2.7 2.5 2.4 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 1Q 2021 1Q 2022 1.6 1.5 1.5 0.4x LLL 0.2X 0.2x 0.3 FY 2016 FY 2017 0.6 FY 2018 Cash and Cash Equivalent (SR mn) 111 149 II....I. 45 54 44 17 28 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 1Q 2021 1Q 2022 Capital Structure (SR bn) Total Equity Debt D/E Ratio 1.5x 1.60.6x 1.2x 1.5 1.3 1.3 1.0 1.1x 1.9 1.8 1.6 33 1.3 1.5x FY 2019 FY 2020 FY 2021 1Q 2021 1Q 2022 2.0 21#22Key Operational Metrics (1-2) Inpatient Cases (# 000) Outpatient Cases (# mn) 1.1 1.2 1.2 1.3 1.2 1.3 Performed Surgeries (# 000) 35 29 25 23 23 45 mill.. Mill.... 2016 2017 2018 2019 2020 2021 1Q 1Q 2021 2022 III. 0.3 0.4 2016 2017 2018 2019 2020 2021 1Q 1Q 2021 2022 10 10 2016 2017 2018 2019 2020 2021 1Q 1Q 2021 2022 Average Length of Stay (# Days) Beds Utilization Rate (%) Clinics Utilization Rate (%) 66% 71% 71% 59% 60% 62% 4.5 4.6 66% 64% 61% 4.2 60% 63% 56% 57% 51% 52% 4.1 4.1 56% 3.6 3.7 3.7 2016 2017 2018 2019 2020 2021 1Q 1Q 2021 2022 2016 2017 2018 2019 2020 2021 1Q 2021 2022 1Q 2016 2017 2018 2019 2020 2021 1Q 1Q 2021 2022 22#23Key Operational Metrics (2-2) Revenue Breakdown - 1Q 2022 Revenue Breakdown – 1Q 2022 - 21% 4% 22% ■Insurance ■ Мон 16% 53% ■Cash ■ Others 8% 6% 19% 18% Jeddah 34% ■ Aseer Riyadh COGS Breakdown - 1Q 2022 * Jeddah includes SGH Jeddah, Beverly Clinics, AJ Sons, and Management Fees Saudization Rate (%) 8% 6% 54% 32% ■Salaries & Benefits ■ Consumables ■Depreciation ■ Others 63% ■ Madinah ■ Hail ■ Dammam 37% ■Saudi Non-Saudi 23#24|04 Updates & Strategic Focus 100 120 140 160 180 200 220 80 60 240 40 SPHYGMOMANOMETER 260 40 280 20 300 24#25Expansion & CAPEX XXX Riyadh Outpatient Tower 134 beds, 160 clinics Capex 194 million To be operational 4Q 2022 Makkah Hospital 300 beds Capex 389 million To be operational 4Q 2022 Makkah Housing Capex 114 million To be operational 3Q 2022 Dammam Housing Capex 90 million To be operational 4Q 2022 興 One Day Surgery Hospital 35 beds, 16 clinics Rent SAR 7 mn in 2 years 2Q 2022 25#26Turnaround Revolution Beverly CLINICS Digital Transformation Integration Diversification Accreditation Restructure Cost Efficiency Technology Patients Satisfaction 26#27Hospitals Under Management Pipeline Egypt . SGH Alex West • SGH Giza Pakistan SGH Lahore SGH Islamabad SGH Karachi BTPL Lahore Morocco • SGH Casablanca 27#281105 л 1Q 2022 Results 80 60 40 40 100 120 140 160 180 200 220 240 SPHYGMOMANOMETER 260 20 280 300 28#29Income Statement (In SAR mn) 1Q 2022 Revenue Cost of Revenue Gross Profit Gross Profit Margin Selling & marketing Expenses General & Administrative Expenses Operating Profit Operating Profit Margin Other Income Finance Cost Profit before Zakat Zakat Net Profit Net Profit Margin Distributed as: Parent Company Non-Controlling Interest 513 (348) 1Q 2021 Change 418 (295) 23% 165 123 34% 32.1% 29.4% (5) (6) (125) (99) 35 17 102% 6.9% 4.2% 2 4 (12) (11) 26 11 146% (6) (2) 20 9 121% 3.9% 2.2% 20 12 69 (0) (3) 29#30Balance Sheet (In SAR mn) Property and Equipment Right of Use Assets Intangible Assets Total Non-Current Assets Inventories Account Receivable Prepayments and Others Cash and Bank Balances Total Current Assets Total Assets Share Capital Mar 2022 2,378 34 7 2,419 Statutory Reserve Retained Earnings Equity Attributable to Shareholders Non-Controlling Interests Total Equity Term Loans Lease Obligations Other Non-Current Liabilities Deferred Income Employees' End of Service Benefits Total Non-Current Liabilities Short-Term Borrowings Other Non-Current Liabilities Lease Obligations Accounts Payable Accrued Expenses and Others Zakat Payable Total Current Liabilities Total Liabilities Total Liabilities and Equity Dec 2021 2,357 33 7 2,397 152 156 1,388 1,282 121 110 45 28 1,706 1,576 4,126 3,972 920 920 194 194 164 144 1,278 1,258 37 38 1,315 1,295 1,145 187 29 11 10 27 11 12 233 231 1,427 468 844 1,745 7 7 8 7 319 299 188 140 16 10 1,383 2,209 2,810 2,677 4,126 3,972 30#31Thank You 140 160 120 180 100 200 220 80 240 60 SPHYGMOMANOMETER 40 260 40 20 20 280 300 mmHg LD-S013