Investor Presentaiton

MAX Healthcare 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 Delhi NCR captures highest proportion of India's foreign medical tourists Key hubs from domestic hinterland in North and East India feed into Delhi NCR 100% • Srinagar Others 6.4% Others 7 6 5 30% 4.9% 4.9% ° 7% Ludhiana 6.1% 80% 6% Hyderabad (5-7% ] Mumbai (10-12%) Middle East Hisar • Dehradun •Meerut CIS Jaipu 5% 60% Chennai (22-25%) Africa Lucknow Patna Guwahat 4 4% Ranchi 2.9% 7.0 40% 3 2.4% 6.4 3% Iraq 5.0 2 4.3 2% 20% Delhi NCR (42-45%) 1 2.3 1.8 1% Afghanistan %60 0 0% 2014 2015 2016 2017 2018 2019 By Region By Country Note: Map not to scale Foreign tourists for medical purpose (in lacs) % of total tourists Total foreign medical tourist arrivals by region and country (2017) Modern infrastructure and facilities Source: Ministry of tourism, UBS research MHC is well-equipped to serve medical tourists 0 State-of-the-art Availability of senior clinical talent Reputed for tertiary/ quaternary care High global and domestic connectivity medical equipment 10

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