The Acquisition of Phuket International Hospital Phuket International Hospital Overview

The Acquisition of Phuket International Hospital Phuket International Hospital Overview

The Acquisition of Phuket International Hospital Phuket International Hospital Overview . Phuket International Hospital (Siriroj Hospital), a well-recognized secondary care private hospital in Phuket . Second largest private hospital in Phuket with 151 registered beds and having the capability to accomodate an expansion to become 281 beds . Conveniently located on Chalermprakiat Ror 9 Road, downtown Phuket . Targeting middle income patients both Thai and International . Achieved JCI Accreditation since 2012 2 Conveniently located in downtown Phuket Map of Phuket International Hospital Airport Kathu District Patong Beach Phuket Town BLU Pearl Bangkok Hospital Phuket 9 Rd 9 Ror Phuket International Hospital Chalermprakiat Kathu District Patong Beach Phuket Town Vichitsongkram Rd Central festival Rawai Beach expansion Wat Chalong 3 Complete Market Coverage in Phuket Medical Sophistication Structured Secondary Regional Tertiary beds Bangkok Hospital Phuket 317 Patients International International Income - Patients Phuket International Hospital High 281 Income - Patients Dibuk Hospital Middle Target Patients / Purchasing / Purchasing Power Patients Target 100 Patients Social Security Social 698 4 Transaction Rational Phuket International Hospital . Enhancing the capacity of the Group in servicing middle class patients (both Thai and International patients) in the southern part of Thailand . Providing additional channel for patient referral to the network hospitals . Establishing a platform to accommodate the growth of medical tourism in Phuket Province Trend of Foreign Visitors in Phuket Source : Department of Tourism, Ministry of Tourism and Sports 5 Historical Financial and Operational Statistics Phuket International Hospital Core Revenue (THB mm) EBITDA & EBITDA Margin (THB mm) Net Profit & Net Profit Margin (THB mm) Key Operational Statistics 2013 6M14 OPD visits per day (visits) 399 385 ADC (beds) 88 83 Revenue per visit (THB) 2,313 2,340 Revenue per patient day (THB) 20,269 23,526 Utilization rate 60% 57% Source: PKI data 6 The Acquisition of Phuket International Hospital Transaction . On 27 Aug 2014, BDMS’s Board of Directors approved the establishment of a new subsidiary under the name of Bangkok Phuket International Hospital Company Limited (“BPKI”), and approved that BPKI acquire and receive the transfer of the entire business of Phuket International Hospital Company Limited (“PKI”) . In consideration of the entire business transfer, BPKI will pay in cash not exceeding THB 3,607.5 mm (at 2014 P/E of 24.5x and P/BV of 3.8x (1)) as well as accepting the transfer of liabilities not exceeding THB 416 mm . However, the entering into the entire business transfer of PKI is subject to the results of the due diligence of PKI. The transaction is expected to be completed by 2014. Remarks:- (1) Adjusted by appraisal value 7 .

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