Apollo Hospitals Enterprise Limited · NSE:APOLLOHOSP

Apollo Hospitals Enterprise — Q4 FY26 Earnings Presentation

41 slides from Apollo Hospitals Enterprise's earnings presentation, May 20, 2026

  1. Slide 1: Apollo Hospitals Enterprise Limited Regulation 30 disclosure letter

    II• APOLLO HOSPITALS ENTERPRISE LIMITED K.Aollo l?osPITALS CIN: L85110TN1979PLC008035 May 20, 2026 The Secretary, The Secretary, Bombay Stock Exchange Ltd (BSE) National Stock Exchange, Phiroze Jheejheebhoy Towers, Exchange Plaza, 5th Floor Dalal Street, Plot No.C/1, 'G' Block Mumbai - 400 001. Band

  2. Slide 2: Apollo Hospitals Enterprise Limited Earnings Update Q4 FY26

    Apollo Hospitals Enterprise Limited Earnings Update Q4 FY26 •

  3. Slide 3: 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 presentation nor an

  4. Slide 4: Content

    Content Financial Performance Snapshot & Business Digital Health Segment wise Update & Pharmacy Distribution 4-9 (Apollo HealthCo) Consolidated Financials 11-12 Healthcare Services 14-24 Diagnostics & Retail Health (AHLL) 26-29 Digital Health & Pharmacy Distribution (Apollo HealthCo) 31-36 Annexure

  5. Slide 5: Financial Performance Snapshot Q4FY26

    Financial Performance Snapshot Q4FY26 (in ₹ Mio) Revenue Growth EBITDA(Post Ind AS) Margin Growth PAT Growth YoY(%) YoY(%) YoY(%) 14% 2 Healthcare Services 23.9%% 12.6% 32,678 16% 7,806 4,120 7% Offline PD ^ 25,184 21% 1,947 7.7% 20% Apollo HealthCo ^PD:- Pharmacy Distribution Online PD^ & 1 3,298 1

  6. Slide 6: Financial Performance Snapshot FY26

    Financial Performance Snapshot FY26 (in ₹ Mio) Revenue Growth EBITDA(Post Ind AS) Margin Growth PAT Growth YoY(%) YoY(%) YoY(%) Healthcare Services 24.5% 14% 13% 14% 125,551 13% 30,692 16,280 Offline PD ^ 95,279 19% 7,383 7.7% 21% Apollo HealthCo ^PD:- Pharmacy Distribution Online PD^ & 12,802 19% (

  7. Slide 7: Largest Pan India Hospital Chain

    Largest Pan India Hospital Chain Capacity Operational Hospitals Census Beds1 Census Beds Overall Total 78 10,970 9,620 Delhi: 6 Amritsar: 1 Noida: 1 Owned Hospitals 49 9,481 8,131 Bilaspur: 1 Kanpur: 1 Lucknow: 1 Indirapuram: 1 Managed Hospitals 6 790 790 Jaipur: 1 Day Surgery & 23 699 699 Cradle (A

  8. Slide 8: AHLL: Retail Health

    AHLL: Retail Health Apollo Health & Lifestyle Ltd Apollo Cradle and Fertility and Cloudnine Out-of-Hospital care to combine (subject to • Outpatient Clinics CII approval) to create • Diagnostics one of India’s largest • Day Surgery centers Maternity and Fertility • Single Specialty Facilities :- Dia

  9. Slide 9: India's Largest Omni-channel Healthcare Platform

    AHL| India’s Largest Omni-channel Healthcare Platform Apollo HealthCo Ltd Apollo 24|7 Apollo Telehealth* • I• Unmatched Size • Provides comprehensive remote healthcare • 47 Mn.+ Registered Users – ~9 Lacs Daily services. Active Users t, hi Manish - • Offers specialized telehealth solutions like 24/7

  10. Slide 10: Clinical Updates and New Initiatives

    Clinical Updates and New Initiatives o Apollo Hospitals, Greams Road, Chennai : Organ Transplants Milestone: Three transplants (lung, bilateral lung, heart) were coordinated in one day via green corridors, saving three lives in a record demonstration of Apollo’s logistics and surgical excellence. o

  11. Slide 11: Consolidated Financials

    • Consolidated Financials Consolidated Financials © 2026 Apollo Hospitals Enterprise Ltd, All Rights Reserved 10

  12. Slide 12: Consolidated Financials Q4FY26

    Consolidated Financials Q4FY26 (` mio) Digital Health ` Mio Healthcare Diagnostics & & Pharmacy Consol Overall Consolidated Revenue grew by 18% to ` 66,055 mio. Services Retail Health Distribution Total Revenues 32,678 4,895 28,482 66,055 EBITDA grew by 31% to ` 10,109 mio. EBITDA (Pre 24|7 Cost) 7,

  13. Slide 13: Consolidated Financials FY26

    Consolidated Financials FY26 (` mio) Digital Health Healthcare Diagnostics & ` Mio & Pharmacy Consol Services Retail Health Overall Consolidated Revenue grew by 16% to ` 252,285 mio. Distribution Total Revenues 125,551 18,653 108,081 252,285 EBITDA (Pre 24|7 Cost) 30,692 2,126 9,541 42,359 EBITDA gr

  14. Slide 14: Healthcare Services Hospitals

    • Healthcare Services Hospitals © 2026 Apollo Hospitals Enterprise Ltd, All Rights Reserved 13

  15. Slide 15: Healthcare Services Financials

    Healthcare Services Financials (` mio) ` Mio Q4FY26 Q4FY25 YoY FY26 FY25 YoY No of Hospitals 49 45 49 49 Healthcare Services Revenue grew by 16% in Q4FY26 Operating beds 8,131 8,025 1% 8,131 8,025 1% (Inpatient Volume grew by 7% ; Price of 4% and case mix Occupancy 68% 67% 67% 68% of 5%) IP Discharg

  16. Slide 16: Inpatients Revenue Mix FY26

    Inpatients Revenue Mix FY26 IPS Paed Transplts Uro PSU & Govt 3% 3% Cardio 6% Nephro 3% 19% 9% 4% Self Pay Obs&Gynac 4% Gen Surg 4% 40% 8% Inpatient Inpatient Others Specialty Mix Payor Mix 16% Onco* 9% Internal Med 10% 45% 6% Gastro 10% Neuro Insurance Ortho * Oncology includes Radiotherapy and Che

  17. Slide 17: Healthcare Services: Expansion Plan

    Healthcare Services: Expansion Plan $ Expected Commissioning: FY26-FY27 # Expected Commissioning: FY29-FY30 TB :- Total Beds CB :- Census Beds $ Gurgaon, NCR TB:- 480 CB:-400 Greenfield $ Defence Colony, Delhi # Lucknow(expansion),UP TB:-200 CB:-160 Hospital Asset Acquisition # Varanasi, UP TB:- 400

  18. Slide 18: Healthcare Services: Expansion Plan

    Healthcare Services: Expansion Plan Commissioned 4 new hospitals (~855 Census beds); Operationalized 185 beds with balance 670 beds to be operationalized over the next 12-18 months. Total Census Project Cost Location Nature Beds Beds (in Crs) Total Project Cost of ~` 8,300 crs with Balance to be spe

  19. Slide 19: Healthcare Services: Operational Snapshot

    Healthcare Services : Operational Snapshot Metros: Chennai, Hyderabad, Bangalore, Mumbai, Kolkata and Delhi FY26 6 Metros Non Metros Non Metros (includes Tier1 & Tier2 cities) Ahmedabad, Bhubaneshwar, Lucknow, Operating Indore, Guwahati, Madurai, Trichy, 4,662 3,469 Nellore,Vizag, Kakinada, Mysore,

  20. Slide 20: Tamil Nadu Region

    Tamil Nadu Region Metro:- Chennai ; Non Metro:- Madurai, Karur, Karaikudi, Trichy and Nellore Nellore Nellore Chennai Tamil Nadu Region Q4FY26 Q4FY25 YoY FY26 FY25 YoY Operating Beds 1,988 2,068 -3.9% 1,988 2,068 -3.9% Bed Occupancy Rate (%) 68% 65% 67% 64% Trichy Inpatient volume 39,318 37,308 5.4%

  21. Slide 21: AP, Telangana Region

    AP, Telangana Region Metro:- Hyderabad; Non Metro:- Karimnagar, Vizag and Kakinada Vishakhapatnam AP, Telangana Region Q4FY26 Q4FY25 YoY FY26 FY25 YoY Operating Beds 1,345 1,240 8.5% 1,345 1,240 8.5% Bed Occupancy Rate (%) 66% 64% 64% 67% Inpatient volume 24,962 20,847 19.7% 98,406 86,689 13.5% Kaki

  22. Slide 22: Karnataka Region

    Karnataka Region Metro:- Bangalore; Non Metro:- Mysore Karnataka Region Q4FY26 Q4FY25 YoY FY26 FY25 YoY Operating Beds 781 772 1.2% 781 772 1.2% Bed Occupancy Rate (%) 72% 70% 69% 74% Inpatient volume 17,452 16,278 7.2% 69,071 69,499 -0.6% Inpatient ALOS (days) 2.89 2.97 -2.8% 2.86 2.99 -4.4% Total

  23. Slide 23: Eastern Region

    Eastern Region Metro:- Kolkata; Non Metro:- Guwahati, Bhubaneshwar, Bilaspur and Rourkela Eastern Region Q4FY26 Q4FY25 YoY FY26 FY25 YoY Guwahati Operating Beds 1,872 1,867 0.3% 1,872 1,867 0.3% Bed Occupancy Rate (%) 77% 73% 74% 75% Inpatient volume 35,098 32,885 6.7% 139,532 134,041 4.1% Inpatient

  24. Slide 24: Western Region

    Western Region Metro:- Mumbai; Non Metro:- Nashik, Ahmedabad and Pune Western Region Ahmedabad Q4FY26 Q4FY25 YoY FY26 FY25 YoY Operating Beds 914 876 4.3% 914 876 4.3% Bed Occupancy Rate (%) 56% 56% 56% 58% Inpatient volume 13,984 13,508 3.5% 55,963 53,703 4.2% Nashik Inpatient ALOS (days) 3.30 3.27

  25. Slide 25: Northern Region

    Northern Region Metro:- Delhi; Non Metro:- Lucknow and Indore Delhi Northern Region Q4FY26 Q4FY25 YoY FY26 FY25 YoY Lucknow Operating Beds 1,231 1,202 2.4% 1,231 1,202 2.4% Bed Occupancy Rate (%) 66% 70% 68% 73% Inpatient volume 25,914 25,608 1.2% 108,767 107,650 1.0% Inpatient ALOS (days) 2.83 2.97

  26. Slide 26: Diagnostics & Retail Health Apollo Health & Lifestyle Ltd

    • Diagnostics & Retail Health Apollo Health & Lifestyle Ltd © 2026 Apollo Hospitals Enterprise Ltd, All Rights Reserved 25

  27. Slide 27: Executive Summary

    Executive Summary Primary Care Diagnostics Specialty Care J.A '"'poIIo o·ta I y:s1s ., ~A Apollo gl)A • ~ Cradte Clinics DIAGNOSTICS ® Apollo S~~~1 ~m &Children's Hospital l~olloFertility Specialists in Surgery  Core revenues of Primary Care grew by  Net addition of 10 Satellite Labs & 279  Spect

  28. Slide 28: AHLL Financials Q4FY26

    AHLL Financials Q4FY 26 (` mio) Corporate / Primary Care Diagnostics Specialty Care AHLL Intra Group Revenue 1,299 1,939 1,892 -236 4,895 AHLL revenue & EBITDA grew by 24% & EBITDA 217 273 346 -89 747 Q4FY26 margin (%) 16.7% 14.1% 18.3% 15.3% 58% YoY in Q4 FY26 respectively; EBIT 145 206 141 -93 399

  29. Slide 29: AHLL Financials FY26

    AHLL Financials FY26 (` mio) Corporate / Primary Care Diagnostics Specialty Care AHLL Intra Group Revenue 4,958 7,058 7,502 -866 18,653 AHLL revenue & EBITDA grew by 20% & EBITDA 851 802 990 -517 2,126 FY26 38% YoY in FY26 respectively; primarily margin (%) 17.2% 11.4% 13.2% 11.4% EBIT 564 506 182 -

  30. Slide 30: Diagnostics: Key Parameters

    Diagnostics : Key Parameters Gross Revenue (INR Mn) EBITDA (INR Mn)1 Operational footprint (as of March 31, 2026) 14% 12.0% 273 ~430+ 10.8% ~330+ 9.1% 220 Cities 7.8% 191 Cities presence 1,827 1,939 presence 1,768 1,524 116 119 1,278 1 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q4 FY25 Q1 FY26 Q2 FY26

  31. Slide 31: Digital Health & Pharmacy Distribution Apollo HealthCo

    Digital Health & Pharmacy • Distribution Apollo HealthCo © 2026 Apollo Hospitals Enterprise Ltd, All Rights Reserved 30

  32. Slide 32: India's Largest Omni-Channel Healthcare Platform

    India’s Largest Omni-Channel Healthcare Platform Apollo 247 Digital Platform Apollo Pharmacy Platform 7,289 Stores ~15.2% Omni Private ~47 Mn+ Registrations n hi Manish • Added (FY26) 668 label / generics Chandigarh: 4 mix ,r; ,>JI Closed (FY26) 5 - FY26 Book Apollo Doctor Appoinlmc,nl Himachal Prad

  33. Slide 33: Apollo HealthCo Financials Q4 FY26

    Apollo HealthCo Financials Q4 FY26 (` mio) HealthCo (Q4’ FY26 vs Q4’ FY25) Online Offline Pharmacy Total o Health Co Revenue growth @22% growth in Q4’ FY26 vs Q4’ FY25 excluding closure of non ` Mio Pharmacy Distribution & HealthCo profitable corporate partner Distribution Apollo 247 Total Revenues

  34. Slide 34: Apollo HealthCo Financials FY26

    Apollo HealthCo Financials FY26 (` mio) Online HealthCo (FY26 vs FY25) Offline Pharmacy Total ` Mio Pharmacy Distribution & HealthCo o 20% growth in revenue in FY26 vs FY25 excluding closure of non profitable corporate Distribution partner Apollo 247 Total Revenues 95,279 12,802 108,081 o PAT increa

  35. Slide 35: Apollo HealthCo: Composite Scheme approved by the Board

    Apollo HealthCo: Composite Scheme as approved by the Board on June 30, 2025 NCLT has directed shareholders’ meeting to be convened on 24th June 2026, for scheme approval • Proposes to undertake below transactions sequentially, via a scheme of arrangement, subject to requisite corporate and regulator

  36. Slide 36: Composite scheme: Shareholding Structure

    Composite scheme: Shareholding Structure Shareholder approved Resultant Group Structure Resultant Group Structure Proposed Now in August 2024 (Post all approvals) • Automatic listing of New Co • Direct participation of AHEL shareholders in New Co Keimed AHEL promoters and Other SH 15% + 2.5%** AHEL

  37. Slide 37: Combined Financials Metrics Snapshot FY26

    Combined Financials Metrics| Snapshot FY26 (` mio) Combined FY24 FY25 Q1’FY26 Q2’FY26 Q3’FY26 Q4’FY26 FY26 Revenue 137,701 163,772 43,712 47,134 49,656 49,865 1,90,366 EBITDA,Pre INDAS 9,614 11,180 3,178 3,321 3,747 3,503 13,749 EBITDA % 7.0% 6.8% 7.3% 7.0% 7.5% 7.0% 7.2% 24/7 -6,186 -4,781 -963 -85

  38. Slide 38: Annexure

    • Annexure © 2026 Apollo Hospitals Enterprise Ltd, All Rights Reserved 37

  39. Slide 39: Basis of Consolidation

    Basis of Consolidation AHEL AHEL Standalone Hospitals (100% Subsidiaries Location Description Ownership Ownership) Location Material Subs Chennai Main Chennai Apollo Health Co limited India Digital Omni-Channel Healthcare services Platform 99.68% ACI - Chennai Chennai Apollo Health and Lifestyle Ltd

  40. Slide 40: IND AS 116: Impact on P&L and Balance Sheet FY26

    IND AS - 116 : Impact on P&L and Balance Sheet –FY26 AHEL Standalone (post IND AS 116) AHEL Consolidated (post IND AS 116) Balance sheet Profit & Loss Balance sheet Profit & Loss Right of use Asset 13,766 Revenue Right of use Asset 27,800 Revenue as of Other expenses 1,279 as of Other expenses 2,932

  41. Slide 41: Thank you

    Thank you 40

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