Life Healthcare Group Holdings Limited · JSE:LHC
Life Healthcare — Merger or Acquisition (October 2023)
15 slides from Life Healthcare's merger presentation, Oct 6, 2023
Slide 1: Proposed Sale of Alliance Medical Group (AMG) Investor Presentation
PROPOSED SALE OF ALLIANCE MEDICAL GROUP (“AMG”) Investor Presentation 6 October 2023
Slide 2: Agenda for Today
AGENDA FOR TODAY 1. Proposed Transaction Summary Peter Wharton-Hood 2. Strategic Rationale 3. Use Of Proceeds Pieter van der Westhuizen 4. Conditions Precedent & Warranties 5. Life 2.0 Peter Wharton-Hood 6. Timeline Investor Presentation 6 October 2023 2
Slide 3: Proposed Transaction Summary
PROPOSED TRANSACTION SUMMARY GROUP CHIEF EXECUTIVE: PETER WHARTON-HOOD
Slide 4: Proposed Transaction Summary
PROPOSED TRANSACTION SUMMARY Conclusion of Board Process ▪ Rigorous process conducted to evaluate unsolicited proposals received for AMG ▪ SPA and transaction agreements with iCON Infrastructure 5 October 2023 Perimeter ▪ Sale of 100% of the issued share capital of AMG ▪ Life Molecular Imaging (“LMI
Slide 5: Strategic Rationale
STRATEGIC RATIONALE ▪ Significant premium realised to the implied value of AMG based on sum-of-the parts ▪ Proposed Equity Value for AMG represents 47.8% of Group market capitalisation (pre-February Significant Value Unlock for cautionary announcement) Life Healthcare Shareholders ▪ Intended return
Slide 6: Use of Proceeds, Conditions Precedent and Warranties
USE OF PROCEEDS, CONDITIONS PRECEDENT AND WARRANTIES GROUP CFO: PIETER VAN DER WESTHUIZEN
Slide 7: Use of Proceeds
USE OF PROCEEDS GBP ZAR Dual use of proceeds Item (millions)1 (millions) 1,2 Retained proceeds Enterprise Value (post-IFRS16) 910 21,307 ▪ Intention to retain a portion of the proceeds Lease Liabilities (64) (1,499) to invest in selected growth initiatives: ▪ LMI – NeuraCeq® and other opportunities
Slide 8: Conditions Precedent & Warranties
CONDITIONS PRECEDENT & WARRANTIES Shareholder Approval ▪ Approval by more than 50% of Life Healthcare shareholders in General Meeting Noteholder Resolution ▪ DMTN2 noteholders to pass resolution releasing AMG subsidiary as a debt guarantor Conditions Precedent Loan and Banking Agreements ▪ Release o
Slide 9: Life 2.0
LIFE 2.0 GROUP CHIEF EXECUTIVE: PETER WHARTON-HOOD
Slide 10: Life 2.0 | Southern Africa: Diversified Services with Current Growth Opportunities
LIFE 2.0 | SOUTHERN AFRICA DIVERSIFIED SERVICES WITH CURRENT GROWTH OPPORTUNITIES Differentiators Strategic enablers Capabilities Business lines We are the leading network provider and the Funder Acute hospitals partner of choice Clinical excellence Acute Rehabilitation Renal ICP2 scaled across our
Slide 11: Life 2.0 | Life Molecular Imaging: Growth Opportunities in the International Segment
LIFE 2.0 | LIFE MOLECULAR IMAGING GROWTH OPPORTUNITIES IN THE INTERNATIONAL SEGMENT ▪ Life Healthcare sees significant revenue growth potential through LMI’s radiopharmaceutical portfolio ▪ Alzheimer’s is a global healthcare challenge ▪ Essential to invest to prepare LMI for Alzheimer’s Disease trea
Slide 12: Salient Dates
SALIENT DATES Detailed Terms Announcement 5 October 2023 Expected Distribution of Circular Early November 2023 General Meeting of Life Healthcare Shareholders Early December 2023 Regulatory Approvals c. 12 weeks Finalisation and Closing Q1 of CY2024 Investor Presentation 6 October 2023 12
Slide 13: Questions
Lif CR sector QUESTIONS
Slide 14: Additional Disclosures
ADDITIONAL DISCLOSURES LIFE HEALTHCARE GROUP HOLDINGS limited LIFE HEALTHCARE FUNDING LIMITED (Incorporated in the Republic of South Africa) (Incorporated in the Republic of South Africa) Registration number 2003/002733/06 Registration number 2016/273566/06 ISIN: ZAE000145892 Bond company code: LHFI
Slide 15: Disclaimer
DISCLAIMER This document regarding Life Healthcare Group Holdings Limited (the “Company” or “Life Healthcare”) the information and data herein and any attachments (including any e-mail that accompanies it) (together “this Document”) has been prepared by the Company in connection with the proposed di
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