Apollo Hospitals Enterprise Limited · NSE:APOLLOHOSP
Apollo Hospitals Enterprise — Merger or Acquisition (June 2026)
33 slides from Apollo Hospitals Enterprise's merger presentation, June 2026
Slide 1: Apollo Healthtech Ltd
Apollo Healthtech Ltd Realizing the Full Value of India's Largest Omnichannel Healthcare Platform Transaction Terms, Rationale & Governance June 2026 © 2026 Apollo Hospitals Enterprise Ltd, All Rights Reserved
Slide 2: Disclaimer
Disclaimer Disclaimer The information contained in this presentation is provided by Apollo Hospitals Enterprise Limited (the “Company”) to you solely for your reference. This document is being given solely for your information and for your use and may not be retained by you and neither this presenta
Slide 3: Table of Contents
Introduction Two Ambitious Equity Stories Transaction Terms & Structure Mkt. Reaction & Shareholder Validation Transaction Governance Healthtech Governance Table of Contents I Introduction II Two Ambitious Equity Stories III Transaction Terms & Structure IV Market Reaction & Shareholder Validation V
Slide 4: Executive Summary
Introduction Two Ambitious Equity Stories Transaction Terms & Structure Mkt. Reaction & Shareholder Validation Transaction Governance Healthtech Governance Executive Summary • Apollo Hospitals Enterprise Limited (“Apollo Hospitals”) is advancing the proposed merger of Apollo Healthco Limited (“Healt
Slide 5: Timeline & Shareholder Proposal
Introduction Two Ambitious Equity Stories Transaction Terms & Structure Mkt. Reaction & Shareholder Validation Transaction Governance Healthtech Governance Timeline & Shareholder Proposal Transaction represents a key part of Apollo Hospitals’ long-term strategy to capture the growing opportunities w
Slide 6: Merger Progress
Introduction Two Ambitious Equity Stories Transaction Terms & Structure Mkt. Reaction & Shareholder Validation Transaction Governance Healthtech Governance Merger Progress Steps Progress Merger Process (High-Level) Before • Announced to shareholders in April 2024. Apollo Hospitals • Transaction invo
Slide 7: Section 2: Unlocking Two Ambitious Equity Stories
Section 2: Unlocking Two Ambitious Equity Stories © 2026 Apollo Hospitals Enterprise Ltd, All Rights Reserved 7
Slide 8: Hospitals
HOSPITALS HEALTHTECH Touching Lives India’s Largest Omnichannel Pharmacy Distribution and Digital Health Platform Quality, Integrated Healthcare at Scale Healthcare, More Accessible Than Ever "The proposed demerger accelerates the vision we set out in 2024, when we brought Healthco and Keimed togeth
Slide 9: Healthtech
Introduction Two Ambitious Equity Stories Transaction Terms & Structure Mkt. Reaction & Shareholder Validation Transaction Governance Healthtech Governance HOSPITALS HEALTHTECH The demerger is intended to enable better value discovery for the two distinct equity stories, supported by standalone stra
Slide 10: Healthtech
Introduction Two Ambitious Equity Stories Transaction Terms & Structure Mkt. Reaction & Shareholder Validation Transaction Governance Healthtech Governance HOSPITALS HEALTHTECH Occupying the full spectrum of the healing journey, underpinned by clinical Leverages a powerful combination, reinforcing t
Slide 11: Healthtech
Introduction Two Ambitious Equity Stories Transaction Terms & Structure Mkt. Reaction & Shareholder Validation Transaction Governance Healthtech Governance HOSPITALS HEALTHTECH Apollo Hospitals’ leading scale positions the Company to leverage its institutional The combination would not create a grow
Slide 12: Healthtech
Introduction Two Ambitious Equity Stories Transaction Terms & Structure Mkt. Reaction & Shareholder Validation Transaction Governance Healthtech Governance HOSPITALS HEALTHTECH HealthCo Healthtech 0.1X ₹10,808 Cr ₹12,555 Cr Low-Teens Revenue Debt / Equity Ratio (%) 0.5X ₹19,037 Cr Debt / Equity Rati
Slide 13: Section 3: Transaction Terms & Structure
Section 3: Transaction Terms & Structure © 2026 Apollo Hospitals Enterprise Ltd, All Rights Reserved 13
Slide 14: Transaction Components & Ratios, Aligned with Fair Values
Introduction Two Ambitious Equity Stories Transaction Terms & Structure Mkt. Reaction & Shareholder Validation Transaction Governance Healthtech Governance Transaction Components & Ratios, Aligned with Fair Values Components1 Process B For every 100 equity shares held in Apollo Hospitals, shareholde
Slide 15: Changes to the Ownership Structure
Introduction Two Ambitious Equity Stories Transaction Terms & Structure Mkt. Reaction & Shareholder Validation Transaction Governance Healthtech Governance Changes to the Ownership Structure Structure Approved at the 2024 Special Meeting Structure to be Approved at the 2026 Special Meeting Minority
Slide 16: Rationale for Apollo Hospitals Retaining Stake
Introduction Two Ambitious Equity Stories Transaction Terms & Structure Mkt. Reaction & Shareholder Validation Transaction Governance Healthtech Governance Rationale for Apollo Hospitals Retaining Stake Continued access to cross synergies between Apollo Hospitals and Healthtech Providing Stability t
Slide 17: Section 4: Market Reaction & Shareholder Validation
Section 4: Market Reaction & Shareholder Validation © 2026 Apollo Hospitals Enterprise Ltd, All Rights Reserved 17
Slide 18: Positive Market Reaction
Introduction Two Ambitious Equity Stories Transaction Terms & Structure Mkt. Reaction & Shareholder Validation Transaction Governance Healthtech Governance Positive Market Reaction 5-Year Total Shareholder Return (“TSR”)1 A Excess TSR vs. Index Apollo Hospitals vs. NIFTY50 Index Share price at all-t
Slide 19: Positive Analyst Reaction
Introduction Two Ambitious Equity Stories Transaction Terms & Structure Mkt. Reaction & Shareholder Validation Transaction Governance Healthtech Governance Positive Analyst Reaction Market Commentary Market Commentary 2024 Merger 2026 Demerger “We think the margin expansion of the integrated busines
Slide 20: Positive Shareholder Reaction (2024 Merger)
Introduction Two Ambitious Equity Stories Transaction Terms & Structure Mkt. Reaction & Shareholder Validation Transaction Governance Healthtech Governance Positive Shareholder Reaction (2024 Merger) Shareholder & Proxy Advisor Support Level Shareholder & Proxy Commentary 2024 Shareholders Meeting1
Slide 21: Section 5: Transaction Governance
Section 5: Transaction Governance © 2026 Apollo Hospitals Enterprise Ltd, All Rights Reserved 21
Slide 22: Effective Board Overseeing the Transaction
Introduction Two Ambitious Equity Stories Transaction Terms & Structure Mkt. Reaction & Shareholder Validation Transaction Governance Healthtech Governance Effective Board Overseeing the Transaction Key Board Features Audit Committee 100% Independence Nomination Committee 100% Independence Dr Pratha
Slide 23: Effective Board Overseeing the Transaction
Introduction Two Ambitious Equity Stories Transaction Terms & Structure Mkt. Reaction & Shareholder Validation Transaction Governance Healthtech Governance Effective Board Overseeing the Transaction The Board has the appropriate skills and expertise to provide effective strategic oversight and trans
Slide 24: Robust & Independent Transaction Governance
Introduction Two Ambitious Equity Stories Transaction Terms & Structure Mkt. Reaction & Shareholder Validation Transaction Governance Healthtech Governance Robust & Independent Transaction Governance Transaction Governance Aligned with Shareholders’ Expectations Fully Ind. Audit Committee Ind. Direc
Slide 25: Section 6: Healthtech Governance
Section 6: Healthtech Governance © 2026 Apollo Hospitals Enterprise Ltd, All Rights Reserved 25
Slide 26: Healthtech Board Structure
Introduction Two Ambitious Equity Stories Transaction Terms & Structure Mkt. Reaction & Shareholder Validation Transaction Governance Healthtech Governance Healthtech Board Structure Key Board Features2 K K K H A M Apollo Hospitals is committed to strong, effective, and independent governance, and i
Slide 27: Healthtech Executive Leadership
Introduction Two Ambitious Equity Stories Transaction Terms & Structure Mkt. Reaction & Shareholder Validation Transaction Governance Healthtech Governance Healthtech Executive Leadership Ms. Shobana Kamineni (Executive Chairperson, Healthtech) spearheaded significant initiatives, including Leadersh
Slide 28: Thank You
Thank You Contact: Investor Relations [email protected] Company Secretary [email protected] Website: https://www.apollohospitals.com/corporate/corporate-actions/ © 2026 Apollo Hospitals Enterprise Ltd, All Rights Reserved 28
Slide 29: Section 7: Appendix
Section 7: Appendix © 2026 Apollo Hospitals Enterprise Ltd, All Rights Reserved 29
Slide 30: Apollo Healthtech Financial Metrics (1/3)
Introduction Two Ambitious Equity Stories Transaction Terms & Structure Mkt. Reaction & Shareholder Validation Transaction Governance Healthtech Governance Apollo Healthtech Financial Metrics (1/3) FY26 figures in INR Cr Online PD + Offline PD Digital Healthco1 Keimed Healthtech2 Revenue 9,528 1,280
Slide 31: Apollo Healthtech Financial Metrics (2/3)
Introduction Two Ambitious Equity Stories Transaction Terms & Structure Mkt. Reaction & Shareholder Validation Transaction Governance Healthtech Governance Apollo Healthtech Financial Metrics (2/3) As of 31 March 26, Healthco1 Keimed2 Healthtech3 Figures in INR Cr Net Worth 2,8364 1,348 4,184 Net De
Slide 32: Apollo Healthtech Financial Metrics (3/3)
Introduction Two Ambitious Equity Stories Transaction Terms & Structure Mkt. Reaction & Shareholder Validation Transaction Governance Healthtech Governance Merged Entity | Financial Outlook (Proforma) Apollo Healthtech Financial Metrics (3/3) Jan-Mar 2028 FY26 Run-Rate Target Target to achieve cash
Slide 33: Upside Arrangement
Introduction Two Ambitious Equity Stories Transaction Terms & Structure Mkt. Reaction & Shareholder Validation Transaction Governance Healthtech Governance Upside Arrangement Key Aspects of the Arrangement Rationale for Seeking Approval via Composite • In order to incentivize the management, Advent
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