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AEVIS VICTORIA SA

Investor Presentation • Sep 30, 2008

808_ip_2008-09-30_f83b40fc-0aa7-4b8e-9a55-8e232a3b8a25.pdf

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FINANCIAL ANALYST'S CONFERENCE H1 2008PARK HYATT HOTEL ZURICH -30.09.2008

www.gsmn.ch

1

DISCLAIMER

This document is for information purposes only and does not constitute or form part of, and should not be construed as an offer or invitation to subscribe or purchase any securities of (GSMN) be it in the United States or in any other jurisdiction. It should, therefore, not form the basis of any investment decision for shares of GSMN.The information contained herein is therefore indicative and constitutes no representations nor warranties from the Company, its management or its advisors. This document contains forwardstatements are based on information currently available to our management as well as on management's current assumptions and forecasts. Various known and unknown risks, uncertainties and other factors could lead to material differences between our actual and future results, financial situation, development or performance and the estimates given in this document. GSMN does not assume any liability to update forwardstatements or other information in this document or to conform such forward-looking statements or other information to future events or developments. The distribution of this document may be restricted by law.Any persons reading this document should inform themselves of and observe any such restrictions.Genolier Swiss Medical Network . forward-looking statements. These forward-looking looking

ANTOINE HUBERT

CEO

2008 : END OF REORIENTATION PROCESS

CORPORATE GOVERNANCE

  • • New Board of Directors
  • •Raymond Loretan – Executive Chairman
  • • Robert Pennone – Vice-chairman and non chairman non-executive member
  • • Me Antoine Kohler Non -executiveexecutivemember
  • •Dr Michael Schroeder – Non-executive member
  • • Pr Hans-Reinhard Zerkowski – Non-executive executivemember
  • •Key shareholders :

Antoine HubertMichael SchroederJaime RosellAlain FabarezLincoln Vale CIC FinanceVontobelFree float

GROUP STRUCTURE

30.09.2008 6

SENIOR MANAGEMENT

Antoine Hubert

CEO

Georges Gard

CFO

Louis Martin

COO

30.09.2008 7

GSMN TODAY

  • •608 employees (527 FTE)
  • •275 admitting physicians
  • • 72 environmental services and externalised lab employees
  • •312 available beds
  • •5'250 admissions
  • •4'280 operations (inpatients only)

HIGHLIGHTS

  • • Clearstrategy : focus on healthcare and ambition to become a key player of it
  • • First healthcare results in clear progression
  • •Revenues up 18% to mCHF 63.4
  • •EBITDA x 4 to mCHF 3.6
  • •Reviewed EBITDA target for 2008
  • •Positive cash flow for all 4 Clinics
  • • Further improvement through focus on
  • •Operational efficiency
  • •Favourable customer mix
  • •Inventory management
  • •Cost control
  • • Leading position in the Romandiefurther strengthened
  • •Network development targets : CH & Germany
  • •Disposal of Agefi ongoing, several offers received

GEORGES GARD

CFO

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30.09.2008 12

EBITDA AND EBITDA MARGIN

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ANTOINE HUBERT

CEO

STRATEGIC DRIVERS

EXECUTION : BUY –INVEST – REAP

LOUIS MARTIN

COO

SWISS HEALTHCARE MARKET

  • • Attractive market fundamentals :
  • • Size of healthcare market : CHF 53.1 billion 11.3% of Swiss GDP in 2006

  • • Growing demand for healthcare driven by favorable demographics

  • •Penetration of supplementary private medical insurance is only approx. 27% of the population

  • •Decrease in supply in terms of clinics and numbers of beds available
  • •Consistently growing non-cyclical market

HEALTHCARE FINANCING AND INSURANCE SYSTEM

5 STATE-OF-THE-ART CLINICS IN THE ROMANDIE

CLINIQUE DE GENOLIER

  • •168 available beds
  • •2'369 admissions
  • •100 doctors
  • •230 employees (FTE's)
  • •2'100 operations
  • • Key specialties
  • •Oncology
  • •General Surgery
  • •Orthopaedics
  • • Revenue breakdown
  • •Inpatient (IPD) 61%
  • •Outpatient (OPD) 39%

CLINIQUE DE MONTCHOISI

  • •21 available beds
  • •10'000 admissions (IPD + OPD)
  • •50 doctors
  • •54 employees (FTE's)
  • •2'400 operations
  • • Key specialties
  • •Ophthalmology
  • •Orthopedics
  • •Gynecology
  • •Plastic Surgery
  • • Revenue breakdown
  • •Inpatient (IPD) 46%
  • •Outpatient (OPD) 54%

CLINIQUE GENERALE

  • •64 available beds
  • •3'291 admissions
  • •95 doctors
  • •104 employees (FTE's)
  • •2'800 operations
  • • Key specialties
  • •Orthopedics
  • •General Surgery
  • •Gynecology
  • • Revenue breakdown
  • •Inpatient (IPD) 90%
  • •Outpatient (OPD) 10%

CLINIQUE VALMONTVALMONT-GENOLIER

  • •85 available beds
  • •894 admissions
  • •10 doctors
  • •89 employees (FTE's)
  • • Key specialties
  • •Orthopedics
  • •Cardiology
  • •Nervous System
  • • Revenue breakdown
  • • Inpatient (IPD)97%
  • •Outpatient (OPD) 3%

CENTRE MEDICO-CHIRURGICAL DES EAUXCHIRURGICAL EAUX-VIVES

  • •25'000 admissions
  • •20 doctors
  • •26 employees (FTE's)
  • • Key specialties
  • •Radiotherapy
  • •Oncology
  • •Gynecology
  • • Revenue breakdown
  • •Outpatient (OPD) 100%

CUSTOMER MIX BY CLINIC (H1 2008)

TURNOVER BREAKDOWN (IPD & OPD)

ANTOINE HUBERT

CEO

REVIEWED 2008 TARGETS

• Reviewed targets due to difficult economic environment

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2008-2009 OBJECTIVES2009

  • •Organic growth / patient mix improvement
  • •Integration of CMEV
  • • Network developmentand synergies
  • • Margin improvement and reduction of overhead costs
  • • Continuous development of state-of of-the-art medical treatments

VISION

  • • Creation of a Group of 20-25 clinics in 10-15 Cantons
  • •Privilege quality and excellence
  • •High operational flexibility
  • • Become an undisputed leader in medical tourism in Switzerland

QUESTIONS & ANSWERS

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