Saudi German Health Investor Presentation – 1Q 2021 SGH at a Glance *Aggregate figures from 2015 till Q till 1 2021 Avg. Length of Avg. Length 332 Hospitals Inpatient Censes 5.7 3.7 Total Staff Stay 6 k* k ~ Rates (Beds)Rates Operational Outpatient 7.3 Utilization 1 Doctors Capacity Censes 992 60 Total k bed mn* % Utilization Rates Population Performed Performed Surgeries 170 ~ (Clinics) Nurses Access 1.4 52 Total 90 % k* k % 2 Mission Vision

Group To Provide Evidence-Based, Safe Medical To be the Leader in Improving People’s Lives. Services Delivered with Effective Management, Engagement with Our Community and The Fulfillment of Our Stakeholder’s Needs. 3 TABLE OF CONTENT

01 02 03 04 05 Overview Market Landscape Financial & Updates & Q1 2021 Results Operational Strategic Focus Highlights

4 01 Overview

5 Our People

Eng. Sobhi Batterjee Makarem Batterjee Dr Ahmed Shebl Madani Hozaien Chairman President and Vice Chairman Group Chief Executive Officer Group Chief Financial Officer

6 About 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 . 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 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. MEHACO is the most geographically diverse healthcare player in Saudi Arabia with a total licensed capacity of 1,517 beds and a comprehensive network of 6 full-fledged hospitals in Jeddah, Asser, , Madinah, Hail and , enabling it to access ~90% of the Kingdom's population.

A Revamped Vision

Old Branding New Branding

7 Equity Growth Story

217 Licensed Beds 300 Licensed Beds 150 Licensed Beds 150 Licensed Beds 204 Operational Beds 214 Operational Beds 90 Operational Beds 98 Operational Beds 131 Clinics 69 Clinics 24 Clinics 16 Clinics 1988 2001 2017 2020 Establishment in Establishment in Establishment in Establishment in Dammam & Riyadh Hospital Joined Jeddah Riyadh Hail Mayo Clinic Network

2000 2003 2018 2021 Establishment in Establishment in Beverly Clinics Rebranding to Saudi German Asser Madinah Health 400 Licensed Beds 300 Licensed Beds 20 Clinics 291 Operational Beds 197 Operational Beds 89 Clinics 58 Clinics

8 Saudi German Health's Brand Footprint

4 Saudi Arabia • 6 Hospitals COUNTRIES ➢ Jeddah ➢ Asser ➢ Riyadh ➢ Madinah ➢ Hail 11 ➢ Dammam HOSPITALS United Arab Emirates • 3 Hospitals ➢ Dubai ➢ Sharjah 30+ ➢ Ajman YEARS Egypt • 1 Hospital ➢ Cairo 44 Yemen SPECIALITIES • 1 Hospital Hospitals Owned ➢ Sana Hospitals Under Management Agreement 9 Accreditations

JeddahJeddah AsserAsser RiyadhRiyadh MadinahMadinah HailHail DammamDammam

Accredited 10 In Progress Share Overview Shareholder Structure SGH Share Data Market Cap. (SAR mn) 3,240

0 Market Cap. (USD mn) 864

Others 52-Week High (SAR) 38.70 92mn 45% Bait Al-Batterjee 55% Shares 52-Week Low (SAR) 24.00

3-month ADTV (SAR mn) 29

12-month ADTV (SAR mn) 20

1 Year Stock Performance Vs. TASI

VOLUME TRADED (SGH) MEAHCO (SAR) Tadwaul All Share Index (Rebased)

40 12,000,000

10,000,000 35

8,000,000

30 6,000,000

4,000,000 25

2,000,000

20 - Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21

11 02 Market Overview

12 Population at a Glance Gender Breakdown (%) Age Breakdown (%)

14% 0-19 31% Male 42% 20-34 Female 35 - 49 58% 28% >50

27%

Breakdown by Administrative District (%)

25% 25%

15%

7% 7% 4% 5% 3% 2% 1% 2% 2% 2%

Riyadh Makkah Madinah Al-Qassim Eastern Region Asir Tabuk Hail Northern Jazan Al-Bahah Al-Jawf Borders

*Sources: Kingdom of Saudi Arabia - General Authority for Statistics (FY 18/19) 13 Sector Growth Profile No . of Baby Deliveries (# mn) Breakdown by Institution (%) MOH Other Gov.Sector Private Sector 609 601 40% 40% 39% 17% 16% 17% 587

43% 44% 44% Baby Deliveries Baby FY 16/17 FY 17/18 FY 18/19 FY 16/17 FY 17/18 FY 18/19

No. of Surgeries (# mn) 18/19 Breakdown by Type (%) General 21% 1.4 OBS/GYN 18% 1.3 Ophthamology 10% 1.1 Orthopedics 10% E.N.T 9% Others 9% Urology 6% Pediatrics 5%

Surgeries Cardiac,chest & vascular 4% Plastic 3% Faciodental 3% FY 16/17 FY 17/18 FY 18/19 Neurosurgery 2%

No. of Physicians Breakdown by Institution (%) Total Physicians (#000) Total Physicians/Every 10k People MOH Other Gov.Sector Private Sector

28% 28% 28% 94 82 88 20% 21% 20%

52% 52% 52% Physicians 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 14 Inpatients & Outpatients at a Glance

Breakdown of Inpatients Sector Breakdown

49% 42% 46% 36% 40% 39%

Inpatients 28% 15% 18% 16% 72%

FY 16/17 FY 17/18 FY 18/19 Saudi Non-Saudi MOH Other Gov.Sector Private Sector

Breakdown of Outpatients Sector Breakdown

43% 44% 39% 43% 39% 37% 17% 18% 19% Outpatients 75% 25%

Saudi FY 16/17 FY 17/18 FY 18/19 Non-Saudi MOH Other Gov.Sector Private Sector

*Sources: Kingdom of Saudi Arabia - General Authority for Statistics 15 With Clear Room for Growth Beds Hospitals

No. Beds (# 000) No. of Hospitals (#)

77.0 498.0 75.1 494.0 73.0 484.0 70.8 69.4 470.0 462.0

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

No. of Beds/ 100k Person (#) No. of Hospitals/ 100k Person (#)

225.0 1.5 224.7 1.5 224.2 1.5 223.7 1.5

222.9 1.5

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 *Sources: Kingdom of Saudi Arabia - General Authority for Statistics 16 Health Insurance (1-2)

Highlights Gross Written Premiums (SR bn) Net Claims Incurred (SR bn)

25 22.5 18.3 17.1 19.9 16.1 Total Saudi Insurance 18.6 19.1 17.7 17.7 14.1 Companies 13.5 13.1

10mn FY 2016 FY 2017 FY 2018 FY 2019 9M 2019 9M 2020 FY 2016 FY 2017 FY 2018 FY 2019 9M 2019 9M 2020 Contributors in Health Insurance Net Written Premiums (SR bn) Total Number of Policies (#) Policies

2.7 21.6 19.3 2.3 18.1 18.4 17.0 16.9 1.8 35% 1.5 1.5 1.2 Saudi 65% Non-Saudi

FY 2016 FY 2017 FY 2018 FY 2019 9M 2019 9M 2020 FY 2016 FY 2017 FY 2018 FY 2019 9M 2019 9M 2020

*Sources: Saudi 17 Health Insurance (2-2) Gross Written Premiums (% of Total Market) Net Claims Incurred (% of Total Market)

61% 69% 68% 68% 59% 59% 57% 64%

52% 51% 60% 60%

FY 2016 FY 2017 FY 2018 FY 2019 9M 2019 9M 2020 FY 2016 FY 2017 FY 2018 FY 2019 9M 2019 9M 2020

Net Written Premiums (% of Total Market) Total Number of Policies (% of Total Market)

73% 72% 74% 69% 39% 65% 60% 29% 25% 27% 27% 21%

FY 2016 FY 2017 FY 2018 FY 2019 9M 2019 9M 2020 FY 2016 FY 2017 FY 2018 FY 2019 9M 2019 9M 2020

*Sources: Saudi Central Bank 18 03 Finanical & Opeational Highlights

19 Key P&L Indicators

Revenue (SAR mn) EBITDA (SAR mn) Net Profit After Zakat (SAR mn)

438

390

421

1,772

359

1,616

371

1,535

1,497

1,462

292

1,391

254

252

202

165

94

90

436

9

18

418

53 51 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 Q1 Q1 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 Q1 Q1 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 Q1 Q1 2020 2021 2020 2021 2020 2021

Gross Profit Margin (%) EBITDA Margin (%) Net Profit Margin (%)

29% 53% 51% 26% 25% 25% 22% 41% 20% 36% 18% 34% 34% 32% 29% 13% 14% 12% 13% 12%

6% 5% 4% 2%

FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 Q1 Q1 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 Q1 Q1 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 Q1 Q1 2020 2021 2020 2021 2020 2021

20 Key Balance Sheet Metrics Assets (SR bn) Cash and Cash Equivalent (SR mn)

4.1 4.0 4.0 155 149 3.3 2.7 111 2.5 2.4 2.1

56 54 44 17 17

FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 Q1 2020 Q1 2021 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 Q1 2020 Q1 2021 Capital Structure (SR bn)

Total Equity Debt D/E Ratio 0.9x 1.8 1.0x

0.9x 1.6

0.8x 1.4 1.6 1.60.6x 1.6 1.6 1.60.7x 1.5 1.5 0.7x 1.2 1.5 1.4 0.5x 0.6x 1.0 0.4x 0.5x

0.8 1.1

1.0 0.4x

0.6 0.8 0.2x 0.2x 0.3x

0.4 0.1x 0.6 0.2x

0.2 0.2 0.3 0.3 0.1x

0.0 0.0x FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 Q1 2020 Q1 2021

21 Key Operational Metrics (1-2) Inpatient Cases (# 000) Outpatient Cases (# mn) Performed Surgeries (# 000)

70 1.3 35 1.1 1.1 1.2 1.2 1.2 57 29 25 25 48 48 45 48 23 23

10 15 16 0.3 0.3 8

2015 2016 2017 2018 2019 2020 Q1 Q1 2015 2016 2017 2018 2019 2020 Q1 Q1 2015 2016 2017 2018 2019 2020 Q1 Q1 2020 2021 2020 2021 2020 2021

Average Length of Stay (# Days) Beds Utilization Rate (%) Clinics Utilization Rate (%)

75% 71% 71% 71% 66% 4.5 4.6 66% 60% 4.2 58% 61% 60% 59% 56% 55% 4.1 4.1 56% 51% 52% 3.7 3.5 3.6

2015 2016 2017 2018 2019 2020 Q1 Q1 2015 2016 2017 2018 2019 2020 Q1 Q1 2015 2016 2017 2018 2019 2020 Q1 Q1 2020 2021 2020 2021 2020 2021

22 Key Operational Metrics (2-2) Revenue Breakdown – Q1 2021 Revenue Breakdown – Q1 2021

3% 5% 6% 22% Jeddah Insurance 32% 17% Aseer MoH Riyadh 50% Cash Madinah Hail Others 25% Dammam 21% 19%

CoGS Breakdown – Q1 2021 Rate (%)

6% 9% Salaries & Benefits 36% Consumables Saudi Non-Saudi 55% 30% Depreciation 64%

Others

23 04 Updates & Strategic Focus

24 Expansion & CAPEX

Riyadh One Day Makkah Makkah Dammam Outpatient Surgery Hospital Housing Housing Tower Hospital

134 beds,160 clinics 300 beds Capex 114 million Capex 90 million 35 beds,16 clinics Capex 194 million Capex 389 million To be operational 4Q To be operational 4Q Rent SAR 7 mn in 2 To be operational 4Q To be operational 4Q 2021 2021 years 2021 2021 2Q 2021

25 Turnaround Revolution

Integration Diversification

Digital Accreditation Restructure Transformation

Cost Patients Technology Efficiency Satisfaction

26 Hospitals Under Management Pipeline

Egypt Pakistan Morocco

• SGH Alex West • SGH Lahore • SGH Casablanca • SGH Giza • SGH Islamabad • SGH Karachi • BTPL Lahore

27 05 Q1 2021 Results

28 Income Statement (In SAR mn) 1Q 2021 1Q 2020 Change

Revenue 418 436 -4% Cost of Revenue (295) (289) Gross Profit 123 147 -16% Gross Profit Margin 29.4% 33.7%

Selling & marketing Expenses (6) (6) General & Administrative Expenses (99) (117) Operating Profit 17.5 24 -28% Operating Profit Margin 4.2% 5.6%

Other Income 4 2 Finance Cost (11) (8) Profit before Zakat 11 19 -44%

Zakat (2) (12) Net Profit 9 18 -48% Net Profit Margin 2.2% 4.0%

Distributed as: Parent Company 12 21 -43% Non-Controlling Interest (3) (4)

29 Balance Sheet (In SAR mn) Mar 2021 Dec 2020 Property and Equipment 2,136 2,074 Right of Use Assets 37 26 Intangible Assets 8 7 Total Non-Current Assets 2,181 2,106 Inventories 164 156 Account Receivable 1,511 1,594 Prepayments and Others 180 85 Cash and Bank Balances 149 17 Total Current Assets 2,004 1,851 Total Assets 4,185 3,957 Share Capital 920 920 Statutory Reserve 192 192 Retained Earnings 490 477 Equity Attributable to Shareholders 1,602 1,590 Non-Controlling Interests 40 43 Total Equity 1,642 1,633 Term Loans 1,029 847 Lease Obligations 31 18 Other Non-Current Liabilities 16 23 Deferred Income 12 14 Employees' End of Service Benefits 237 235 Total Non-Current Liabilities 1,325 1,137 Short-Term Borrowings 730 675 Other Non-Current Liabilities 7 8 Lease Obligations 8 4 Accounts Payable 342 359 Accrued Expenses and Others 123 135 Zakat Payable 8 6 Total Current Liabilities 1,218 1,188 Total Liabilities 2,543 2,325 Total Liabilities and Equity 4,185 3,957

30 Thank You