Corporate Presentation

July 2015

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Quiron Salud: general overview

• Largest hospital operator in the Spanish market

o In 2014, IDCsalud (largest Spanish player) acquired Grupo Hospitalario Quirón (“GHQ” – second largestSpanish player). The combined group is the clear market leader in the Spanish hospital industry and one ofthe top 5 players in Europe. In addition, IDCsalud has acquired Grupo Ruber , one of the most prestigioushospital groups in Spain

o Key figures 2015: more than €2,000m in revenues , 85 care centers (out of which 44 hospitals , 35 medicalcenters, 6 care homes), over 6,400 beds and 26,000 professionals*

• Present in all hospital management models: present in both public and private segments. Capability toefficiently allocate growth efforts through the economic cycle, cross-fertilizing models and adapting to demandneeds

• Maximum level of patient care quality

o Private patients: our hospital network include some of the most prestigious and well-known hospitals of thecountry. Some hospitals in the Group obtained Joint Commission Accreditation

o Public patients: 95% customer satisfaction (public surveys). FJD hospital awarded with the EFQM 5-starcertification, only hospital of maximum complexity in Europe awarded with the highest certification

• Long-term commitment with education and research: 7 university-hospitals and the only certified privateresearch institute in Spain

• Investment capacity and cutting-edge technology: investments in current portfolio update (infrastructure andhigh-end technology) and new hospitals

* Including c. 7,000 self-employed doctors (merchant model)

Hospital Rey Juan CarlosHospital Quirón MadridCentro Médico Teknon Fundación Jiménez Díaz Hospital General de Catalunya

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IDCsalud key milestones

Origins

• IDC founded in late 90s, with

3 small hospitals in Castilla

La Mancha and Madrid

• Rapidly grew to Extremadura

Flagship hospitals in Barcelona & Madrid

• 2002, acquisition of Hospital General de Catalunya

(286 beds), its 1st hospital in Catalonia

• 2003, entrance in Fundación Jiménez Díaz – “FJD”

in Madrid (689 beds), a reference in public hospital

network history (founded in 1950s and performed

first heart surgery in Spain)

Part of international Group

• Capio AB, pan-european hospital

group becomes the new shareholder

• 2007, Apax Partners and Nordic

Capital acquired Capio AB

• Best practices and clinical pathways

are shared within the Group

PPP 30 year contracts in Madrid

Completion PPPs and Private growth

• Acquisition of Hospital Universitari Sagrat Corand Clinica del Valles

• Acquisition of 2 assets focused on private

patients: Clínica La Luz (Madrid - 2013) and Clínica del Pilar (Barcelona - 2014), both synergetic with IDC’s network

• In 2014, acquisition of Quirón Group, becoming the clear national leader and acquisition of Grupo Ruber (one of the most prestigious

groups in Spain)

• In 2015, acquisition of Policlinica Gipuzkoa, Clinica Rotger and 4 occupational risk

prevention companies

Fundación Jiménez Díaz

Hosp. General Catalunya

Castilla La Mancha Hospitals

Hospital Rey Juan Carlos

Late 90s 2000-2004 2005-2006 2006-2010 2011-2015

• Entrance in the greenfield public

segment through Hospital Infanta

Elena: a 30-year “capitative model”

PPP contract with an assigned

population of 100K inhabitants

• Further concessional growth with 2

new 30-year PPP: Hospital Rey

Juan Carlos (170K inhabitants) and

Hospital Collado Villalba (110K

inhabitants)

Hospital Villalba

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True nationwide footprint with 44 hospitals in 12 r egions

Source: CNH 2014

Zaragoza

Galicia País VascoAragón

Cataluña

Baleares

C. Valenciana

Murcia

Madrid

Extremadura

Canarias

Andalucía

Castilla-La Mancha

Clínica ClidebaClínica V. de GuadalupeH. Santa Justa

H. Sagrado CorazónH. Quirón MarbellaH. Quirón MálagaH. Quirón C. de Gibraltar

H. Quirón Coruña H. Quirón Zaragoza

H. Quirón TenerifeH. Quirón Costa Adeje

H. Tres CulturasClínica AlbaceteClínica Ciudad RealH. Talavera de la ReinaClínica Alcázar

H. Quirón Murcia

H. Quirón ValenciaH. Quirón S. Jaime

H. PalmaplanasC. Rotger

H. Univ. Sagrat CorCM TeknonH. Quirón BarcelonaClínica del PilarH. Univ. DexeusH. General de CatalunyaClínica del Vallés

A Coruña 102Hospital City Beds

Hospital City Beds

City BedsBadajozCáceresV. De la Serena

743529

Hospital

City BedsSevillaMarbellaMálagaAlgeciras

113635634

Hospital

City BedsToledoAlbaceteC. RealTalavera R.Alc. San Juan

1246555

--

Hospital

Murcia 125Hospital City Beds

ValenciaTorrevieja

79100

Hospital City Beds

Hospital City BedsP. MallorcaP. Mallorca

166186

Hospital City Beds104

City BedsBarcelonaBarcelonaBarcelonaBarcelonaBarcelonaS. Cugat VSabadell

367285192186170286109

Hospital

City BedsHospital

City BedsHospital

S. C. TenerifeAdeje

19850

H. Quirón VizcayaPoliclínica GipuzkoaH. Quirón DonostiaH, Quirón Vitoria

BilbaoS. SebastiánS. SebastiánVitoria

1101604826

Fundación Jiménez DíazClínica la LuzRuber InternacionalRuberSan JoséSan CamiloH. Rey Juan CarlosH. Univ. Quirón MadridH. C. VillalbaInfanta ElenaH. Sur Clínica Alcalá de Henares

MadridMadridMadridMadridMadridMadridMóstolesPozuelo de A.C.VillalbaValdemoroAlcorcónA. De Henares

6861751611609286

260252140117107010

Key metrics 2014

44Hospitals

35Medical centers

6Elderly-care homes

85Total centers

6,009Hospitals

455Elderly-care homes

6,464Total beds

18,680Personnel

4,845Consultations

12Spanish regions

7,000Self-employed physicians

25,680Total Personnel

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Reference and prestigious hospitals in top Spanish cities

Madrid

Cataluña

Other regions

Fundación Jiménez Díaz Hospital Villalba Hospital Sur

Hosp. Rey Juan Carlos Hospital Infanta Elena

H. General de Catalunya H. Univ. Sagrat Cor Clinica del Pilar

San José

San CamiloClínica La Luz

Quirón Madrid

CM Teknon Inst. Univ. Dexeus H. Quirón BCN

Public Network

Activity

Capitative Capitative

Capitative

Ruber Internacional

Sevilla Zaragoza Valencia MálagaC. Rotger P. Gipuzkoa

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High recognition from patients, doctors and academy

613 701

1.004 944 965 9971.218

1.643 1.665

166 208 272 234 255 273 305441 456

2006 2007 2008 2009 2010 2011 2012 2013 2014

Acc. Impact Factor Publications

Research publications and impact factor

x3• IIS-FJD: only certified private research institute in Spain

• Research priority areas are cancer and chronic diseases

• IIS-FJD participates in large-scale programs , national and international

• 7 university-hospitals providing medical training, and 10 hospitals providing nursery training

• Over 400 residents trained at our hospitals every year

• #1 Hospitals by Patient Satisfaction and most elected public hospitals on a free choice market (Madrid Public)

• Fundación Jiménez Díaz awarded EFQM 5 star certificate , only top-complexity hospital in Europe with this distinction

95,7% 94,9% 93,5%

FJD Mostoles Hosp. Valdemoro Hosp.

User Satisfaction surveys conducted by Regional Pub lic Healthcare System

Recognized by patients and institutions

Engaged with University Education

Committed with Medical Research (R&D)

#1 #1 #1

Public

Private 165118 95 90 90

CUN GHQ MAD IDC HGC GHQ BCN GHQ Teknon

Top 5 privately focused hospitals in Spain

• Top reputed hospitals in the private segment

• Joint Commission accreditation

2014 revenues, €m

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Equipped with the latest technology

Lineal Accelerator True Beam Da Vinci Robot

• Over the past 10 years, the Group has invested more than €800m

• Positioned at the vanguard in high-tech equipment:

o Unique oncology equipment: Gamma Knife and Cyber Knife

o Da Vinci surgical robots

o State-of-the-art lineal accelerators for oncology patients, owningvarious True Beams (the best Varian accelerator in the market)

o Cutting edge MRIs (3T) and CTs (128 and 256 cuts)

o Top biomedical diagnostic systems in pathological anatomy, clinicalanalysis, etc

• In-house technological developments through a revolution ary ITsystem of care management, Casiopea.

Key high-tech equipment No. Items

MRI 69 Multicut TC 54 Lineal accelerator 14 PET-TC 10 Mammography 49 Da Vinci Robot 7 Hemodynamic room 20 Gamma camera 18 Gamma knife 1 Cyber knife 1 Assisted reproduction laboratory 17

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5 hour range

Attractive for International Tourism

• International healthcare tourism is a reality . Patients areseeking healthcare offer beyond borders and some countries arecurrently specializing to capture segment flow (India, Poland,Turkey)

• Spain is an attractive country to become an internationalhealthcare hub thanks to:

o Excellent geographical location : in range of potential marketsand good weather conditions

o Stable framework with government support

o High healthcare quality through well-educated professionalsand high-end infrastructure

o Lower tariffs than its international peers

• An internal team exclusively focused on capturing internationalpatients

• Several agreements already reached (Libya, Morocco) and localoffice opened in Dubai

• Only group in Spain capable of offering internationalhealthcare through the best-in-class assets and professionals

2,53,4 3,7 4,0

24.7

Spain UK Netherlands France USA

Ø 5.4

All EU in range and top priority countries

Average pricing index lower than peers*

Best-in-class hospitals in Spain

Teknon (Barcelona)

* Average pricing considering 7 procedures: CT scan, MRI, appendectomy, normal delivery, C-section, cataract surgery and HIP replacement

Russia

Middle-East countries

Netherlands

MoroccoLibya

Palmaplanas (P. Mallorca)

Pozuelo (Madrid) Clínica la Luz (Madrid)

Market overview

QuironSalud