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AEVIS VICTORIA SA

Investor Presentation May 27, 2013

808_ip_2013-05-27_483f4f60-8db8-4e30-a130-07423d84a306.pdf

Investor Presentation

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Company Presentation

May 2013

Company overview

  • AEVIS Holding SA (AEVIS) invests in the healthcare sector, in life sciences and in services topeople
  • The participations of AEVIS are:
  • Genolier Swiss Medical Network SA (GSMN), the 2nd largest group of private clinics in Switzerlandwith geographical presence in the three main language regions of Switzerland
  • Swiss Healthcare Properties AG (SHP), a real estate company focusing on medical real estate inSwitzerland
  • Other investments, supporting and complementary services along the value chain of AEVIS'strategic focus
  • In2012, AEVIS generated a turnover of CHF 344.4m and an EBITDA of CHF 40.0m
  • AEVIS is listedon the Domestic Standard of the SIX Swiss Exchange (Ticker: AEVS)
  • AEVIS is the issuer of a CHF 80mstraight bond that has been placed in July 2012

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Group structure

AEVISHolding SA

Investments inhealthcare sector, life sciences and services to people

Genolier Swiss Medical Network SA• 2nd largest group of private clinics in Switzerland • Present in French, German and Italian speaking parts of Switzerland• 12 clinic operations and 1 affiliated clinic Clinic operations SwissProperties AG • 25• Rentable•10'000m2 to• Full utilisation• Portfolio value of CHF 578.2mHealthcareclinicNational coverage and regional presence

Healthcare

real estate

healthcare properties

area of 111'000m2

Development potential of 15'000m2

(0% vacancy)

Long‐term commitment to operation's growth

OtherActivities

Relatedsectors

• Les Hauts de Genolier: medicalresidence

• Nescens Paris Spontini: aesthetic clinic inParis

• ASAmbulances Services

• Nescens SA: services andproducts for better ageing

• Swiss AdvancedVision

Develop complementary healthcareservices

2012Highlights

  • Growthstrategy successfully continued with the integration of another 4 clinics
  • Turnovertops CHF 340m for the first time
  • EBITDAstrongly improved on 2HY2012 to 13.5%
  • Newholding structure established after integration of real estate facilities
  • Financing capacities enlarged by issue of CHF 80m bond
  • Two newclinics acquisitions secured for 2013
  • Furtheracquisitions planned

Corporate governance – AEVIS Holding SA

Boardof directors

  • Dr. ChristianWenger, Chairman
  • Raymond Loretan, Vice‐chairman
  • AntoineHubert, Delegate of the Board
  • MichelReybier
  • AntoineKohler
  • Dr. Cédric A.George

The board of directors of AEVIS combines financial, legal and political skills as well as in‐depth knowledge of the Swiss healthcaresector

Management

  • AntoineHubert, Delegate of the Board
  • GillesFrachon, CFO
  • Séverine Vander Schueren, CAO
  • Pierre‐OlivierHaenni, Managing Director

Together, the board of directors and management of AEVIS cover the necessary skill set to address the challenges of AEVIS' scope of business

Corporate governance – Genolier Swiss Medical Network SA

Boardof directors

  • Raymond Loretan, Chairman
  • Dr. Philippe Glasson, Vice‐chairman
  • AntoineHubert, Delegate of the Board
  • MichelReybier
  • AntoineKohler
  • Dr. Cédric A.George
  • Dr. ChristianLe Dorze
  • Fulvio Pelli

The board of directors of GSMN contributes additional healthcare and medical expertise, a link to the group's doctors as well as ananchor within national politics

Management

  • AntoineHubert, Delegate of the Board
  • BeatRöthlisberger, CEO
  • Valérie Dubois‐Héquet, General Manager
  • Christophe Graziani, CFO
  • RomainBoichat, COO
  • JérômePuginier, CSO

Together, the board of directors and the experienced management team of GSMN ensure an optimal development of AEVIS' mainparticipation

Corporate governance – Swiss Healthcare Properties AG

Boardof directors

  • AntoineHubert, Chairman
  • MichelReybier, Vice‐chairman
  • GillesFrachon
  • Christoph Syz (as of June 2013)
  • OlivierBourgeois (until June 2013)

The board of directors of SHP is well aligned within the corporate governance of AEVIS and shares in‐depth knowledge of theportfolio of healthcare real estate

Management

  • PatrimoniumHealthcare Property Advisors AG, Baar/ZG
  • Christoph Syz, CEO
  • VivianMoreau, Portfolio Manager

GSMNand SHP – portfolio overview

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Affiliatedclinics Pyramide am See and Privatklinik Schwerzenbach

Clinicoperations – national coverage and regional presence

Healthcare real estate – long‐term commitment to clinic operation's growth

Strategy – "Buy, Invest, Reap" on a stable ground

Healthcarerealestate

  • Providestable infrastructure for clinic growth
  • Continuousdevelopment of clinics and healthcare related buildings
  • Increaseof operational flexibility due to integrated strategy

Healthcarereal estate development

  • 2006‐2007 Clinique Générale: complete refurbishment
  • 2007 Clinique Valmont: development of parking and terrace
  • 2009 Les Hauts de Genolier: constructionof building
  • 2010 Les Hauts deGenolier: development of parking
  • 2010‐2011 Clinique de Montchoisi: new radiology and underground parking
  • 2011‐2012 Clinique de Genolier: new operating theater, intensive continued care units
  • 2011‐2012 Privatklinik Bethanien: construction of an underground parking, renovation of reception areas and the restaurant, new outdoor terrace and park
  • 2012 Clinica Sant'Anna: newrooms and suites, renovation of reception areas
  • 2013‐2015 Clinica Ars Medica: newbuilding

SelectedAEVIS clinics and healthcare real estate

Clinique de Genolier

Genolier

CantonVaud

Clinique de Genolier – clinic operations

  • 177admitting physicians
  • 290employees
  • 115beds
  • 5operating theatres
  • 2'638surgical interventions
  • Key specialties
  • •Oncology
  • • General anddigestive surgery
  • •Orthopaedics
  • •Gynaecology and Senology (IORT)
  • •Internal medicine
  • • Preventivemedicine
  • • Plasticsurgery
  • Revenue breakdown
  • •Inpatients: 53%
  • •Outpatients: 47%

Clinique de Genolier – healthcare real estate

  • Total site area 57'869m2
  • • Viewover Lake Geneva and the Alps
  • • Roomfor further development
  • Clinique de Genolier
  • •Multi speciality hospital building
  • • Floor area(net): 18'724m2
  • •Floor levels: 7
  • CRG Building
  • • Center withmedical practices and offices
  • • Floor area(net): 4'039m2
  • •Floor levels: 6
  • Les Hauts de Genolier
  • • Medical andassisted living residences
  • • Floor area(net): 10'140m2
  • •Floor levels: 6
  • Genolier Parking
  • •Indoor parking: 109
  • •Outdoor parking: 207

SelectedAEVIS clinics and healthcare real estate

Privatklinik Bethanien

Zurich

CantonZurich

PrivatklinikBethanien – clinic operations

  • 223admitting physicians
  • 250employees
  • 96beds
  • 3'775surgical interventions
  • 598deliveries (including Privatklinik Lindberg)
  • Key specialties
  • •Orthopaedics
  • •Gynaecology and obstetrics
  • •Surgery and internal medicine
  • •Visceral surgery
  • •Maxillofacial surgery, ENT
  • • Plastic andaesthetic surgery
  • •Urology
  • Revenue breakdown
  • •Inpatients: 96%
  • •Outpatients: 4%

Privatklinik Bethanien– healthcare real estate

  • Total site area 10'984m2
  • •Ideally located at Zurichberg
  • •Further development possibilities
  • Privatklinik Bethanien
  • •Multi specialty hospital building
  • • Floor area(net): 14'613m2
  • • Totally renovated in 2012 (new entrance and reception areas, underground parking, restaurant withterrace)
  • 2 residential buildings with a direct connection to the clinic
  • • 5apartments
  • • 2medical practices
  • • 42rooms

SelectedAEVIS clinics and healthcare real estate

Clinica Sant'Anna

Lugano CantonTicino

Clinica Sant'Anna – clinicoperations

  • 90admitting physicians
  • 220employees
  • 80beds
  • 4operating theatres
  • 3'900surgical interventions per year
  • 835deliveries
  • Key specialties
  • • Female medicine andsenology
  • •Gynaecology and obstetrics
  • •Neonatology
  • •Oncology
  • •Internal medicine
  • •Specialised surgery
  • • Preventivemedicine
  • Revenue breakdown
  • •Inpatient: 75%
  • •Outpatient: 25%

Clinica Sant'Anna – healthcarereal estate

  • Total site area 22'251m2
  • • Hillsidedevelopment
  • • Viewover Lake Lugano
  • Clinica Sant'Anna
  • •Multi speciality hospital building
  • • Floor area(net): 14'203m2
  • • Floor levels: 8
  • 3 further healthcare real estate on site
  • • Medical relateduse
  • • Floor area(net): 2'953m2
  • Sant'Anna Parking
  • •Indoor parking: 76
  • •Outdoor parking: 112

Other investments – Les Hauts deGenolier

  • Assisted living complex next to Clinique de Genolier
  • 63 luxurious apartments offering modern infrastructure
  • Turnover of CHF 7.9 millionin 2012
  • Multi‐disciplined care team
  • Tailor‐madenursing services
  • Short‐termor long‐term stay

Other investments – Nescens – Added value brand tothe clinics

  • Fruit of a partnership with CSPV‐Centre Suisse de Prévention du Vieillissement SA and La Réserve
  • Leading global anti‐aging specialist "live better andlonger"
  • First brand to bring a comprehensive and evidence‐based answer toprolong healthy life
  • Nescens is ideally positioned as the pioneering brandin this sector
  • Market segment with substantial growth potential, both in Switzerland and abroad
  • Four areas of development
  • • Nescens check‐up centre / preventive medicine at Clinique de Genolier and Clinica Sant'Anna
  • • Nescens better‐aging medspa at La Réserve, Geneva
  • •Anti‐aging cosmeceuticals
  • • Aesthetic medicine andsurgery (Spontini)

Other investments – Clinique Nescens Paris Spontini

  • First clinic of the Group entirely dedicated to aesthetic medicine andsurgery
  • 16tharrondissement of Paris
  • Commercialisedunder the brand Nescens
  • European benchmark in the field of aesthetic medicine andsurgery
  • First quality medical and hotel infrastructure
  • • 20 internationally renowned physicians and surgeons
  • TheClinic opened in December 2012

Other investments – ASAmbulances Services

  • 80% interest in AS Ambulance Services SA, Geneva
  • 80employees
  • Turnover of CHF 7.6 millionin 2012
  • Founder and COO Olivier Gonin owns a 13%stake
  • Acquisitions in line with AEVIS strategy of developing several activities in the healthcaresector
  • Further acquisitions in this sector are planned

Other investments: Swiss AdvancedVision

  • Minority stake of 20% (CHF 2 million investment)
  • First investment inmedical science
  • Swiss Advanced Vision designs, manufactures and distributes a newgeneration of intraocular lenses for cataract surgery
  • In 2013, Swiss Advanced Vision will produce around 10'000 lenses

AEVIS– key financials (Swiss GAAP FER)

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* The 2HY2012figures include the results of Swiss Healthcare Properties AG, integrated on 2 July 2012.

Annual Results 2012: IncomeStatement

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  • Internalgrowth rate was 5.7%.
  • Integration of SHP had only a minor impact on the achieved turnover, due toits mainly intercompany revenues
  • Reduced rental expenses strengthen thegroup's profitability
  • EBITDA surged strongly to CHF 40.0m (of which CHF 24.6m during 2H2012)
  • EBIT doubled mainly due to the integration of SHP
  • Share of loss of equity accounted investees is based on the losses of Lindberg when the clinic was not consolidated
  • Net profit of CHF 3.3m or CHF 0.34 per share

Annual Results 2012: BalanceSheet

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  • Strong increase of asset base to CHF 734m (clinics in Lugano, Solothurn and SHP portfolio)
  • New debt from SHP is purely mortgage‐backed debt
  • Equity ratio increased from 19%to 22%
  • AEVIS has chosen to offset all goodwill on the balance sheet with shareholder's equity (i.e. no goodwill on the balancesheet)
  • With an alternative goodwill accounting approach (capitalised goodwill), economic equity ratio would have beenat 24%

AEVIS share anddistribution proposal

Shareprice performance January – December 2012 (Low: CHF 17.35 ‐ High: CHF 31)

  • Distribution of CHF 0.30 per share from capital contribution reserves
  • • Total of CHF3.8m
  • Firstpayout in the Group's history since its listing in 1999

AEVIS– outlook 2013

  • Revenue forecast 2013 of more than CHF 450m
  • • basedon both internal growth and the new acquisitions already realised in 2013
  • AEVIS will focus on continuing the growth strategy of GSMN and evaluate further opportunities in the medical real estate market
  • AEVIS plans to extend its exposure to complementary healthcare services, in order to support the overall strategy of the Group
  • •Radiology, general outpatient centres and dental clinics
  • In the mid‐term AEVIS expects to realise an EBITDA margin of more than 20%, in line with the industry benchmark
  • •Further optimisation of the existing facilities and diversification of activities
  • With this newscope, AEVIS foresees to be able to reinforce its distribution policy in 2013

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FinancialCalendar

  • May 2013 ‐ Publication of 1Q2013 Turnover
  • 05.06.2013 ‐Ordinary General Shareholders Meeting for 2013
  • 30.09.2013 ‐ Publicationof Half Year Results 2013
  • November 2013 ‐ Publicationof 3Q2013 Turnover

AEVIS Holding SA c/o Clinique Générale Ste‐Anne rue Hans‐Geiler 61700 Fribourg Tel. +41 26 350 02 02 Fax +4126 350 02 03

Media & Investor Relations c/o Dynamics Group Edwin van der Geest / Philippe Blangey Tel. +41 43 268 32 32 Fax +41 43 268 32 39 [email protected]

Disclaimer

This communication contains statements that constitute "forward‐looking statements". In this communication, such forward‐looking statements include, without limitation, statements relating to our financial condition, results of operations and business and certain of our strategic plans and objectives. Because these forward‐looking statements are subject to risks and uncertainties, actual future results may differ materially from those expressed in or implied by the statements. Many of these risks and uncertainties relate to factors which are beyond AEVIS Holding's ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behavior of other market participants, the actions of governmental regulators and other risk factors detailed in AEVIS Holding's past and future filings and reports and in past and future filings, press releases, reports and other information posted on AEVIS Group companies websites. Readers are cautioned not to put undue reliance on forward‐looking statements, which speak only of the date of this communication. AEVIS Holding disclaims any intention or obligation to update and revise any forward‐looking statements, whether as a result of new information, future eventsor otherwise.

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