Ramsay Health Care (RHC) Investor Update summary

Strategic positioning and market fundamentals

• Holds leading positions in key therapeutic areas and high-growth regions, with a diversified hospital portfolio and integrated care networks across Australia, and a market share approximately twice that of its nearest competitor.

• Strong industry fundamentals include high population growth, aging demographics, and rising chronic disease, driving sustained demand for private healthcare services.

• Private health insurance membership is at record highs, with more young people joining and increased coverage by Gold or Silver policies, and coverage rising for 16 consecutive quarters.

• Public hospital waiting lists are at record lengths, increasing the relevance and demand for private sector capacity and growth in public contracts.

• Private hospitals provide 66% of elective surgeries and 62% of mental health services in Australia.

Operational performance and transformation

• Ongoing business transformation targets margin improvement through volume growth, payer negotiations, productivity, and procurement savings, supported by a disciplined program.

• The transformation program is structured around three pillars: optimise the core, reinforce the core, and transform the core, with digital tools enabling real-time analytics and predictive modelling.

• Performance Acceleration program and digital tools are driving labor productivity and operational efficiency, with tangible EBIT savings already realized.

• Investments in digital and data capabilities, including cloud-based platforms and AI, are enabling improved decision-making.

• Investment in foundational technology and modern HR systems is underway to enable scalable digital solutions and enhance employee engagement.

Growth strategy and service expansion

• Expanding hospital network, surgical centers, and emergency departments in high-demand areas, with major projects in Western Australia, Victoria, Queensland, and New South Wales.

• Portfolio optimisation includes consolidation, selective sales, and relocation of facilities to maximise returns and maintain leading positions.

• Market leader in cancer, orthopaedics, cardiology, and mental health, with significant investments in clinical excellence, research, and integrated care pathways.

• Downstream services such as rehab, Hospital in the Home, and allied health are being scaled to meet patient needs and support integrated care.

• Public-private partnerships and long-term contracts are expanding, supporting growth and diversification of revenue streams.