Investor Presentaiton

3.1 MAX Healthcare Existing valuable land bank to enable addition of 2,300+ beds via brownfield expansion Indicative commencement timeline for brownfield beds ~5,700 200 300 200 250 300 111 350 329 3,371 100 190 Mohali Shalimar Bagh Nanavati Hospital - 2 phases* Saket Complex (Vikrant) - 2 phases Saket Complex (Smart) - 4 phases FY21 FY24 FY25 Further, planned brownfield expansions to be ROCE accretive FY27 FY28 Beyond FY28 Total Cost per bed ARPOB per bed (Q4 FY21) ARPOB per bed in 5 years (@3-6% growth per year) Annual ARPOB Occupancy EBITDA margin EBITDA per bed EBIT per bed Pre-tax ROCE INR 1.3 Cr INR 56 K INR 65K INR 75K INR 2.4 Cr INR 7Cr 72% -75% 24% -26% INR 41 Lacs - INR 53 Lacs INR 35 Lacs - INR 46 Lacs ~27% - 35% * 160 beds needs to be demolished before commencement of Phase 2 • Brownfield capacity expansion has lower capital employed per bed, quicker breakeven with lower risk leading to higher return on incremental capital employed with increased visibility • Valuable land bank within metros: ~10.7 acres at Saket in South Delhi and 3.9 acres at Juhu in Mumbai 17 17

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