Indonesia represents a growing market opportunity in healthcare due to its large and growing population, expanding middle class, and underserved healthcare sector. With 235 million people and over 80 million in the growing middle class, consumer spending and confidence are rising. This creates demand for quality healthcare as the population ages and chronic diseases become more prevalent. Private healthcare expenditures also continue to increase steadily. The growing and resilient economy makes Indonesia an attractive target for healthcare investments focused on mid-market consumer products and services, corporate healthcare, and digital health applications.

1. Indonesia + Healthcare:
Growing market, Growing demand
Economically Resilient

2. WHY INDONESIA?
235M people
“growing demand
80M+ Middle Class & Growing
growing market
Underserved Healthcare sector
Growing demand for quality care
recession resilient”

3. A rapidly growing
population

4. THE GLOBAL ECONOMIC GROWTH FORECAST, %

5. Where close to 40% are wage earning adults
80+ 1.0
75-79 1.5
70-74 2.3
65-69 3.0
60-64 3.5
55-59 4.5
50-54 5.8
45-49 7.0
40-44 8.1
35-39 9.0
30-34 9.8 94.7mio
25-29 10.2
20-24 10.2
15-19 10.1
10-14 10.1
5-9 10.3
0-4 10.1
Source: BPS , Sensus Penduduk 2010, Euromonitor
Taken from 2011 Indonesia Media Landscape, Mindshare

6. 3rd out of 56 countries, for consumer confidence
Source:
Nielsen, Global Online
Consumer Survey Q2 2011

7. And it's on the rise …
CONSUMER CONFIDENCE INDEX
150
145
140
135
130
125
120
115
110
105
100
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
2009 2010 2011 Source:
Roy Morgan Consumer
Confidence Poo

8. ... As is consumer spending

9. Health System Summary
• Key causes of mortality moving from
infectious diseases to chronic diseases
(heart, diabetes and cancer)
• Low physician density
• Steadily increasing per capita healthcare
expenditures (growing middle class)
• Private out of pocket (OOP) spending
represents 33% of nominal healthcare
expenditures (source: World Bank 2009)
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12. Target Opportunities
• Mid market consumer healthcare products &
services
• Corporate/enterprise healthcare services
• Digital health infrastructure/applications

13. Our Strategy
• Few individual assets meet PE mandates
• “Invest Corp” approach offers top down
access to a range of assets with reduced
portfolio risk
• Increasing value of quality assets make trade
sale exits probable within 2-3 year time
frames

14. Further Information
Joe Corrigan
Managing Partner
Tel: +(65) 640 83344
corrigan@healtheonasia.com