OPEX Ratio Alignment & Portfolio Valuation Overview slide image

OPEX Ratio Alignment & Portfolio Valuation Overview

> > > Private large portfolio companies EXTERNALLY VALUED 29 CLINICS & DIAGNOSTICS BUSINESS OVERVIEW Outpatient visits per capita, Georgia HIGH GROWTH PROSPECTS IN THE CLINICS BUSINESS Outpatient encounters per capita Government Expenses on Primary Care VS GDP 3.9 3.9 3.8 3.5 3.3 3.5 2.8 2.5 2.5 2.3 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Source: NCDC statistical yearbook 2018 Clinics & Polyclinics MEDIUM TERM OBJECTIVES Diagnostics › Adding new services > Expansion of retail > Geographic expansion > Developing distance channels Sustainable growth of clinical & service quality Adding customer base > > Improved logistics > JCI and CAP accreditation Digitalisation 10.00 8.40 7.40 1.5% 1.2% 1.2% 3.20 3.8 4.00 4.10 4.40 1.0% 2.50 South Africa Thailand Georgia Source: Frost and Sullivan Analysis 2017 ՏՈ UAE Malaysia Poland Turkey Russia 0.5% GEORGIA CAPITAL Georgia has the lowest rate of government spendings on primary healthcare 0.7% 0.7% 0.5% 0.5% 0.3% 0.0% MDA RUS KAZ TJK ARM UZB GEO Source: WHO regional office for Europe Attracting B2B clients Combined financial targets for Clinics and Diagnostics for the next 5-years (2021-2026) DOUBLE DIGIT REVENUE CAGR EBITDA C.GEL 35-40 MILLION + 72 22
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