Rede D'Or São Luiz S A : Institutional Presentation

Institutional Presentation

May 2023

Database: Dec/2022

• Disclaimer

The reader/investor should not rely solely on the information herein to make decisions with respect to trading the securities issued by Rede D'Or São Luiz. The document may also contain prospective statements, which are subject to risks and uncertainties as they are based on expectations of the company's management and on available information.

The company is under no obligation to update these statements. The Company's future financial situation, operating results, market share and competitive position may differ substantially from those expressed or suggested by forward-looking statements. Many factors and values that may impact these results are beyond the company's ability to control.

Future projects could differ materially due to market conditions, changes in laws or government policies, changes in operational conditions and costs, changes in project schedules, operating performance, demands by clients and consumers, commercial negotiations or other technical and economic factors. For more detailed information, please refer to our Financial Statements, Reference Form (Formulário de Referência) and other relevant information on our investor relations website ir.rededor.com.br.

2

Section I

Industry Overview

Hospital São Luiz Campinas - São Paulo

• Healthcare Industry Evolving on the Back of Structural Demographic Fundamentals

1	Economic structure of healthcare
market in Brazil…

2	…combined with solid
demographic fundamentals…

Average annual rate of population change (%)

3 ...and a faster population aging

• years for population cohort of +65 years to growth of 7% to 14%

Public

POPULATION

COVERAGE(1)

~75%

residents

SPENDING(2)

R$394 BLN

4.0% GDP

(43% of

spending)

PAYERS

Government

Individuals

0,6

0,5

0,3

0,2

(2011-2032)

(2000-2026)(1970-1996)

(1947-1992)

21	+21mm
people with +65 years

26in the next 20 years

26	40mm
45
total population with

R$521 BLN

0,0

(1930-1975)

45

+65 years in 2040

Private

~25%

5.3% GDP

(57% of

spending)

Health

Plans

-0,1

-0,2

-0,5

(1944-2009)

(1994-2013)

(1938-2011)(1890-1975)

65

69

73

85

Rede D'Or's target market

+20mm people

in the next 20 years

(1865-1980)

115

Notes: (1) ANS, December 2022; (2) "Observatório ANAHP 2023".	4
Source: United Nations World Population Prospects 2022.

• Underpenetrated Market in Terms of Beds, with Predominance of Small Players

1 Hospital Beds Density

Bed Density (Beds/ #'000)

13,0

2 Growing deficit in private beds(1)

Bed Density in Brazil (# Beds)

Brazil has a deficit of

+14 thousand

private beds

3	Hospitals Overview in Brazil(2)
	59	✓ Small
	✓ Limited
	beds in	infrastructure

avg.	Brazilian Hospital Average Size (# beds)

4.827

(# Private hospitals in Brazil)

8,0	WHO Recommendation

(3-5 beds)

5,9

5,0

4,3

3,1 2,9 2,5 2,1 2,0 1,6 1,0

31.581

25.131

14.246

2019⁽¹⁾ 20242029

	4.466
	-361
2010	2022

Inflection point: Brazil's total beneficiaries grew to 50.4M in 2022, despite the pandemic and economic crisis.

Notes: (1) Considers beneficiaries growing from 47M to 57M in 2030 and constant occupancy rate and average length of stay; (2) As of January 2022; considers total beds divided by number of hospitals	5
registered in ANS.
Source: CNES, CIA factbook and FBH