Quarter 3 & 9 MonthsQuarter 3 & 9 Months

Fortis Healthcare Fortis Healthcare Ltd.Ltd.

Interim Results – FY2008 – 09Corporate Presentation

Safe HarborSafe Harbor

Except for the historical information contained herein, statements in this presentation and the subsequent discussions, which include words or phrases such as “will”, “aim”, “will likely result”, “would”, “believe”, “may”, “expect”, “will continue”, “anticipate”, “estimate”, “intend”, “plan”, “contemplate”, “seek to”, “future”, “objective”, “goal”, “likely”, “project”, “should”, “potential”, “will pursue” and similar expressions or variations of such expressions may constitute "forward-looking statements". These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to our ability to successfully implement our strategy, our growth and expansion plans, obtain regulatory approvals, our provisioning policies, technological changes, investment and business income, cash flow projections, our exposure to market risks as well as other risks. Fortis does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date thereof.

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Agenda

Result Highlights

Recent Developments

Hospital Performances

Legal Update

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Recent Developments

Recent DevelopmentsRecent Developments

Board approval for raising money by way of Rights Issue of Rs. 1000 Cr.

Funding for on going green field projects

Future expansions

Vashi gets Operating license from NMMC. Commences IPD services

Acquires majority stake in Clinique Darné, Mauritius along with financial partner CIEL

Acquires controlling stake in RM hospital, Bangalore

Signs up O&M Contract with RNMCS, Kota, Rajasthan

Civil Construction for Oncology Block at NOIDA started

MOU Signed with International Oncology Services Pvt. Ltd.

Cardiac Program launched at Malar Hospital in December

Awarded PPP project with Delhi Government for Ambulance services in NCT

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Foray to International Arena - MauritiusForay to International Arena - Mauritius

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Strategically located in the Indian Ocean,

between Asia, Africa and Australia and attracts

0.9 million high end tourists p.a. growing @ 7.8%.

Fulfills the Criteria of “Low Risk” exposure, Low

Investments and easier cultural fit

Potential Medical Value Tourism & Medical

Tourism

Friendly Tax Structure

Business Friendly Environment:

About Fortis Clinique DarneAbout Fortis Clinique Darne

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The hospital was revamped and rebuilt in the

year 1997

Located in the up-market locality of Floreal and

surrounded by residential localities.

Spread over 6 Acres of Land with Built up area -

115,000 sq ft, with potential to expand

Installed bed capacity of 120, Catering to the

high end customers of Mauritius and is also

called as the ‘Hospital for the Whites’.

Only Cardiac care hospital in the private

sector in Mauritius. Other Medical specialties

include Neuro Sciences, Nephrology Oby &

Gynae, Oncology, Internal Medicine, Plastic &

Cosmetic Surgery.

It has the 1.5 (Tesla) MRI, 64 slice CT and a CT.

Fortis Clinique DarneFortis Clinique Darne

Clinique DarneFortis Clinique DarneFortis Clinique Darne

Clinique DarneFortis Clinique DarneFortis Clinique Darne

Second hospital for Fortis in Southern India and

first in Bangalore

Operational since in April 2007

Land Area

Main Hospital ~ 8,000 Sq Ft

Additional Land available ~ 6,500 Sq Ft

No of Beds 100, expandable to 200

Pilot to gauge the Bangalore Market

Total Stake - 67.23% as on date.

Capex plans for expansions being firmed up

Current Specialties: Nephrology, Urology &

Critical Care.

Specialties proposed: Cardiac Sciences, Renal

Sciences & Neuro Sciences

Fortis Hospital, SeshadripuramFortis Hospital, Seshadripuram

Fortis Modi Hospital, KotaFortis Modi Hospital, Kota

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Second Hospital in western India Operational since November 2007 Specialties : Cardiology, Endocrinology,

Nephrology, Neurology, Orthopedics & Trauma, Respiratory Medicine, Urology, etc.

Land Area ~ 6,120 Sq Ft

Bed Capacity - 200 with Operational Beds – 100

Serve the catchments in Vadodara, Jodhpur, Indore, Bhopal & Gwalior

O&M arrangement with RNMCS Year O&M Fees Min Guarantee

Fees1st 4% Nil

2nd 4% Rs. 20 Lacs/annum3rd & 4th 5% Rs. 20 Lacs/annum5th & thereafter 6% Rs. 20 Lacs/annum

Jessa Ram (2003)La Femme (2005)

Vasant Kunj (2006)Fortis Mohali (2001)

HHPL (Mumbai) (2007)

Fortis, Bangalore (2009)

Fortis Noida (2004)

Fortis Jaipur (2008)

Escorts-Amritsar (2006)

Escorts-Faridabad (2006)Escorts-Delhi (2006)

Escorts-Raipur HCC (2006)

ISIC SC, Vasant Kunj (2006)

Goyal Hospital SC,Jodhpur (2006)

Kamayani SC, Agra (2006)

Arneja Hospital SC, Nagpur(2006)

Kalyani HCC, Gurgaon (2006)

Fortis City Centre (2006)

Sadbhavna Medical & Heart Institute, Patiala (2006)

Yashoda Hospital, Ghaziabad (2006)

Saraswati Heart Care, Allahabad (2006)

Birla Institute MRC, Gwalior (2006)

Ravindera Cath Lab, Hisar

Fortis Malar (Chennai) 2008

Escorts-Amiri Diagnostic Heart Center, Afghanistan (2006)

Fortis Modi Hospital, Kota (2009)

No. Capacity

Greenfield 3 970

Brownfield 9 1,419

O&M 4 600

HCC’s/SC’s 11 107

Total 26 3,096

Fortis Clinique Darné, Mauritius (2009)

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Result Highlights

Consolidated: FHL and SubsidiariesConsolidated: FHL and Subsidiaries

Network: FHL, Subsidiaries, Associates and O&M Hospitals

Network: FHL, Subsidiaries, Associates and O&M Hospitals

Snapshot – Executive SummarySnapshot – Executive Summary

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Consolidated Revenue Growth

@ 33% for Quarter on Quarter

@ 22% for 9 Months Y-o-Y

EBIDTA grows at 77% over Y-o-Y and stands at Rs. 83.7 Crs.

Net Profit @ Rs. 5.1 Crs. for Q3 – FY09 grows 39% over the trailing quarter*

Operating revenues for Network hospitals grows to Rs. 542 Crs. over 9 Months Y-o-Y @ 24% *Excluding exceptional items

Snapshot – Executive SummarySnapshot – Executive Summary

Key Performance highlights:

Blood Banks at Delhi (Escorts) and NOIDA get NABH accreditations.

Malar - Renowned Dr. K R Bala Subramanian joins in. Revenues in December - Rs. 2.75 Cr (Highest). 3rd quarter of sequential growth

Delhi (Escorts) crosses Rs. 20 Cr/month Revenue mark.

Noida – Eminent Orthopedic surgeon, Dr. P.S. Maini joins, along with his team. Orthopedic department further strengthens

Mohali – Touched new high in number of Angioplasties and Cardiac Surgeries

La Femme – Launch of In-Vitro Fertilization (IVF) program. Maximum Deliveries – 117 and highest ARPOB for any Fortis Group Hospital (Rs. 1.18 Cr on an annualized basis).

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Operating Revenues – Across Fortis HospitalsOperating Revenues – Across Fortis Hospitals

436.5

141.6

541.9

190.8

100.0

150.0

200.0

250.0

300.0

350.0

400.0

450.0

500.0

550.0

600.0

Q3 9M

FY08 FY09

17

+35%

+24%

Rs. in Crores

121.6

374.3

161.1

458.0

100.0

150.0

200.0

250.0

300.0

350.0

400.0

450.0

500.0

Q3 9M

FY08 FY09

+33%

+22%

FHL Network FHL Statutory

Summary – Consolidated Profit and Loss – Y-o-Y

Quarter – III Nine Months Change [+/-]

FY09 FY08 FY09 FY08 Quarter - III Nine Months

Total Income #

167 138 482 401 +21% +20%

Direct Costs 46 40 135 119 +15% +13%

Employee Costs

39 34 112 102 +17% +10%

Other Costs 51 43 151 133 +18% +14%

EBIDTA 31 21 84 47 +47% +77%

Interest Costs 11 15 34 47 -27% -26%

Dep. & Amot 12 14 36 34 -12% +5%

PAT* 5 (7) 16 (46) _ _

Rs. in Crores

# Includes non-operating Income* PAT is after exceptional items (Rs. 6.40 Cr for 9 months FY 09)

EBIDTA & PAT – 9 Months (Consolidated )EBIDTA & PAT – 9 Months (Consolidated )

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Rs. in Crores

47.2

83.7

0.0

10.0

20.0

30.0

40.0

50.0

60.0

70.0

80.0

90.0

100.0

EBIDTA9M - FY08 9M - FY09

77%

(45.6)

16.1

(60.0)

(50.0)

(40.0)

(30.0)

(20.0)

(10.0)

0.0

10.0

20.0

30.0

40.0

PAT9M - FY08 9M - FY09

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Hospital PerformancesHospital Performances

Hospital wise Operating RevenuesHospital wise Operating Revenues

98.2

115.9

62.5

72.8

129.8

146.4

9.6

27.6

38.1

43.7

18.7

29.8

47.053.0

10.214.9 13.3

21.2

5.16.9

0

20

40

60

80

100

120

140

160

Mohali NOIDA EscortsDelhi

EscortsJaipur

EscortsFaridabad

EscortsAmritsar

VasantKunj

La Femme Malar Jessa Ram

9MFY08 9MFY09

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+18%

+16%

+13%

+189%

+15%

+59%

+13%

+46% +34

%

Rs. in Crores

+60%

Hospital wise Operating EBIDTAHospital wise Operating EBIDTA

17.7

25.9

7.7

15.6

1.8

17.8

(4.7)

(2.4)

5.0

7.2

1.4

6.4

(5)

0

5

10

15

20

25

30

Mohali NOIDA Escorts Delhi Escorts Jaipur Escorts Faridabad Escorts Amritsar

9MFY08 9MFY09

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+46%

+103%

+9x

+49%

+44%

+357%

Rs. in Crores

Mohali and NoidaMohali and Noida

19.5

22.8

10

15

20

25

NOIDA

Q3FY08 Q3FY09

31.9

41.5

15

20

25

30

35

40

45

50

Mohali

Q3FY08 Q3FY09

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MOHALI:

Revenue grew @ 30% and 18% over Corresponding quarter and nine months respectively

Dr. T S Mahant coveted with Himachal Ratan award by the HP State Govt.

Average Occupancy was 71% at the hospital

NOIDA:

Revenue grew @ 17% and 16% over Corresponding quarter and nine months respectively

Blood Bank at the hospital awarded with NABH Accreditation

Average Occupancy at 69%

Oncology block work in progress

+30%

+17%

Rs. in Crores

Rs. in Crores

Escorts DelhiEscorts Delhi

41.1

54.5

0

10

20

30

40

50

60

Escorts Delhi

Q3FY08 Q3FY09

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Revenue grew by 32% over corresponding

quarter

6th consecutive quarter of growth, on an

ongoing basis

Operating EBIDTA – 18% for the quarter

Crosses Rs. 20 Cr Revenue/month mark in

Dec’ 08

Observed highest occupancy @ 75% in

December

ARPOB at Rs. 1.05 Crores + for Q-3

Highest number of PTCA (286) and Cath Lab

(666) procedures in a month recorded in Q-3

+32%

Rs. in Crores

Escorts Amritsar and JaipurEscorts Amritsar and Jaipur

5.9

9.0

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

Escorts Jaipur

Q3FY08 Q3FY09

5.8

11.1

0

2

4

6

8

10

12

14

Escorts Amritsar

Q3FY08 Q3FY09

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AMRITSAR:

Revenue grew @ 90% and 59% over Corresponding quarter and nine months respectively

Achieves maximum revenue on a month on month basis throughout the year

Operating EBIDTA @ 28% for the quarter

The hospital was awarded as “The Best Hospital for standing up for Patient Rights” in an “Annual Conference of All India Human Rights Association”

The hospital also touched landmark of 10,000 Cardiac procedures

JAIPUR:

Revenue grew @ 51% over Corresponding quarter

Reports maximum Angiographies (107) and deliveries (34) in the month of December

OPD footfalls crossed 1,00,000

Average Occupancy was @ 54%

+90%

+51%

Rs. in Crores

Rs. in Crores

Fortis Malar & La FemmeFortis Malar & La Femme

3

5.6

0

1

2

3

4

5

6

La Femme

Q3FY08 Q3FY09

4.50

7.8

0.00

2.00

4.00

6.00

8.00

10.00

12.00

Malar

Q3FY08 Q3FY09

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Fortis Malar Hospital:

Revenue grows @ 73% over Corresponding quarter

Cardiac Sciences program launched on 15th Dec 2008

Revenue grew sequentially over last 9 months.

Dentistry program added

Average Occupancy at 58% (adj.)

ICU beds capacity expansion and renovation underway

LA FEMME:

Revenue grew @ 85% over Corresponding quarter

Achieved maximum number of deliveries (117) in the month of December

Pre-survey for NABH conducted

Occupancy @ 51%

+73%

+85%

Rs. in Crores

Rs. in Crores

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Legal UpdateLegal Update

Legal Update:Legal Update:

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Escorts:Conversion and sale of Society: Anil Nanda matter.

HC dismissed the suit along with all the applications vide order dated July 3, 2008. Anil Nanda and Goetze India filed appeal against the order.Hon’ble High Court allowed the appeal and restored the suit and the interim order dated 30.09.2005 passed in the suit vide judgment dated 16.01.09. Next Date: March 2, 2009.

Property: DDA terminated the Lease Deed based on violation of 25% free bed condition and merger/ conversion resulting in transfer of land without DDA approval. - No Change, Next Date: March 24, 2009

Income Tax Matters:Assessment of erstwhile Delhi and Chandigarh Society levying a demand of Rs. 124 Crs.Demand for Rs. 81 Cr. set aside earlier this year by ITAT and ordered for fresh assessment, process for which is being initiated by the departments pending.

Rajan Dhall:Property: Lease Deed terminated by DDA on Nov 30, 2005 on grounds that the Society failed to construct the building within the stipulated period; and the land has been transferred

No Change, Next Date: April 13, 2009Estate Officer issued a show cause notice under the Public Premises Act for eviction. No Change, Next Date: March 6, 2009

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Thank YouThank You