HCA Investor Day

1
Goldman Sachs 27th Annual Healthcare Conference
June 13-15, 2006
Vic Campbell, Senior Vice President Mark
Kimbrough, Vice President- Investor Relations
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Cautionary Note Regarding Forward-looking
Statements
HCAs management will be making some
forward-looking statements during todays
presentation. Those forward-looking statements
are based on managements current expectations
and are subject to risks and uncertainties that
may cause those forward looking statements to be
materially incorrect. The presentation may
contain certain (non-GAAP) measures you may
refer to the Companys financial filings on Form
10-K or Form 10-Q for reconciliation. These
non-GAAP financial measures should not be
considered an alternative to GAAP financial
measures. Certain of those risks and
uncertainties are discussed in HCAs filings with
the Securities and Exchange Commission, including
the companys report on Form 10-K and its
quarterly reports on form 10-Q, to which you are
referred. Management cautions you not to rely
on, and makes no promises to update any of the
forward looking statements.
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Hospital Corporation of America
NYSE HCA

• Largest, publicly traded, healthcare provider
  with
• 183 hospitals
• 98 freestanding surgery centers

Located in 22 states, London, England and
Geneva, Switzerland
Sky Ridge Medical Center Denver, CO
StoneCrest Medical Center Nashville, TN
Capital Regional Medical Center Tallahassee, FL
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HCA 2005 Highlights

• Revenues totaled 24.5 billion up 4.3 (same
  facility 4.8)

• EPS (GAAP basis) up 24 to 3.19 per diluted
  share

• EPS excluding gains on sale of facilities,
  impairments, foreign
• tax repatriation and hurricane expenses,
  increased 15

• Cash flow from operations totaled 3.2 billion
  vs. 3.0 billion in
• 2004

• Repurchased 36.7 million shares of stock (1.9
  billion)

• Increased dividend 13 to 0.17 per quarter

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HCA Hospitals Located in Growth Markets

• 183 Hospitals
• 98 Surgery Centers
• Generally 25-40
• Market Share
• 40 of facilities in
• Texas Florida

Kansas City 5
Denver 9
U.K.
Las Vegas 22
Switzerland
Richmond 8
Dallas/Ft. Worth 12
Nashville 8
Southern California 9
Panhandle 10
Palm Beach 11
Houston 10
Dade 8
Percent Growth in Market Population
2000-2005 Compared to the National Average of 4.5
Tampa Bay 8
Austin 18
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Socio-Demographics-Age Wave
Driving Healthcare Utilization
Acute Care Utilization Index (2003100)
Baby Boomer Impact Accelerates
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HCAs Cash Flow Remains Strong
Uses of Cash
(1) Capital Reinvestment 1.6B in 2005 in
existing markets and 1.9B in 2006
Net Cash Provided by Operating Activities Dollars
in Millions
(2) Share Repurchase Program 12B in 8 years 36.7
million shares purchased in 2005 11.1 million
shares purchased in 2006 under 1B open-market
authorization
6.9
(3) Dividend Policy Approx. 20 to 25 percent
payout
(4) Acquisitions opportunistic 1B Health
Midwest - April 2003 Austin, TX and Nashville, TN
hospitals acquired
(5) Debt Repayment Debt/ cap 67.6 at 03/31/06
Reduced due to government settlement and
investigation related costs
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