EFTA01446949.pdf

4 February 2014 Health Care Facilities and Services HCA Holdings, Inc. !Figure 9: HCA model summary HCA Holdings, Inc - Earning; Model Summary RsCal Yea, Enle December al (9 La Yale except per chafe eh") 2008 2009 2010 2011 2012 2013 2014E 2015E Income 61461MOIrt summary Revenues DOOM reCheeS10.1 lei goal:dui account, 528.314 530.052 $30683 332 3C6 536183 $33.040 540,587 542.646 Cash (memo (net revenue less promsbn lor 6aufflul account,) 424,966 $26.778 $26036 $29.8112 $33,013 $34,162 $36686 534465 HrTECfe meaningful vie intenlme relhilmAI NIA N/A NIA $210 3336 $216 $120 $100 Adjusted EMMA $4.674 $6.472 SIM $6,061 46.631 KM 17.044 87.748 ro,r-sted EBITIDA less WIECH $4574 $5,472 $5.858 $5.851 $6,195 $6,368 $6928 $7,549 Nomcontroning rtmeresmt4C0 *spina $229 $321 6366 $377 $401 $440 $494 $512 ENita loss NCI. MIof H1TECH (DB uses for mutation) $4,315 $5.151 55402 55474 $5.794 55018 56434 67.137 Operating EPA excluding extraordinary Wale $1.66 $244 82.76 $2.86 $3.74 $342 $3.82 14.77 Greve rates - TOY 4 chyme: Netgagrare 5.6% 59% 2.1% 5.9% 132% 34% 67% 51% Cash resits 5.2% 73% 4.7% 59% 112% 35% 70% 57% Aaarsfed ESITDA -0.4% 196% 7.2% 3.3% 7.8% 0.7% 7.2% 99% Csereeng CPS -229% 562% 13.1% 3.3% 310% 4.6% 14.6% 211% Margin erialy4N: agiveled COITDA margin as %of net arrange 18.1% 162% 10.1% 18.6% 17.3% 17.3% 174% 16.2% Achrawci EMMAmargin as %d cosh resent* 18.3% 20.4% 209% 20.4% 191% 192% 19.3% 20.0% /garbled EBITDAmillan INS H1TECH SS %Of talth MAIM* tel NU N/A 19.7% 181% 18.6% 16.9% 198% Rosa, mobI summary Number or hespaals. ender persad 158 iss 166 163 162 166 165 166 Number of berle.11112 of gerlocl 38604 38,839 38,627 41,504 41,804 42606 42.896 42.896 immistilef* 1441600 1.556.500 1,554.400 1420.400 1,710,700 1.744.100 1.754.663 1.798250 70Y% gigue -0 7% 10% -0 f% 42% 74% 02% 22% 0.7% Echavaremm1missions 2,363,600 2.43%000 2.488.400 2590.900 2,632,100 2,844,700 25147.377 3014.025 VOY 5$ grove 0.5% 32% 12% 52% 0.1% 04% 36% 2.3% Revenue per egundlent admission $12,006 512.322 512,360 $12,622 512467 513,371 $13,772 $14,161 707% grave 5.1% 26% 03% 13% 3.7% 3.0% 30% 2.8% Seme4fielItyVeY% ermine: Same-store revenue* 7.0% 6.0% 2.0% 3.3% 45% 3.1% 4.4% 50% Samemtere admissions 0.9% 1.2% 01% 2.3% 3.0% OS% 0.6% 0.7% Same-store eiggrelenladmisslons 1.9% 3.4% 1.4% 3.0% 4.1% 0.1% 11% 2.2% Same.stere sewnue per eguhedem fiend,ion 5.1% 2.6% 0.6% 0.3% 0,3% 3.0% 3.0% 18% Selene* Owl summery 2006 2408 2010 2011 2012 2013 20144 20164 44sete; Cash and equivalents $4136 $312 $411 $373 5705 $414 $806 $676 Tow debt 26,989 25,670 26226 27.062 28.930 26,376 27.376 26,376 Minaret $25,356 427814 $26.679 $26,225 527,962 $36.588 $24,700 Leverage slafislks: Netcleal 03 aquifer, EEUTDA 5.84 461 47* 44% 431 437 39% 3.5* 66 EINTI)Ar inferost 233 28* 287 303 361 3.67 393 467 Cmh/lcursummasy Cash now from ogeraoons rest Mang nen-controwng 'mem%) $1,980 $2,747 43.085 $3.923 54175 $3,660 $4.088 $4,580 Caprtal expenditures ($1,600) (41.317) (41.325) (51.879) ($1.862) ($1,913) (52.203) (42.204) Caper as % orreenue 56% 44% 43% 52% 51% 51% 54% 52% Nortcontrolling interests 4229 $321 4366 4377 $401 $440 5494 $512 Free cash flow (0143 • capes • noo.controrong Interests) SIM 11./08 41.394 $1.877 $1,$12 $1.297 $1,344 $IAN Free cash flow moron a6% 3.7% 4.5% 5.8% 5.2% 34% 3.4% 44% Revenue NbrScurrintry inpatent MI( 41.6% 622% 623% 63.0% 618% 622% 15.4% 14.5% Cueeatent mt. 374% 378% 37.7% 37.0% 362% 376% 8.9% 91% Papr nuu ri, of bDI ce,enue) Medicare 23,0% 230% 24.0% 23.6% 22.5% 225% 22.6% 22.6% Managed 1441Clor4 6.0% 7.0% 7.0% 7.5% 60% 4.0% 8.0% 8.0% Medina 50% 60% 8.0% 5.7% 40% 40% 4.0% 4.0% managed Meclicald 3.0% 40% 40% 39% 4.1% 41% 4.1% 41% Managed hare arra env meson's.] 53.0% 520% 63.0% 61.2% 518% 516% 01.8% 61.6% uninsured 100% 6.0% 8.0% 8.2% 9.5% 95% 9.6% 9.5% Sant Naar in OCMPIIMPOM 1 Page 10 Deutsche Bank Securities Inc. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0101405 CONFIDENTIAL SDNY GM_00247589 EFTA01446949