nibholdings

nib holdings limited Head Office

22 Honeysuckle Drive

Newcastle NSW 2300

abn 51 125 633 856

t 13 14 63

f 02 4925 1999

e nib@nib.com .au w nib.com.au

14 November 2017

The Manager

Company Announcements

Australia Securities Exchange Limited Level 4, Bridge Street

SYDNEY NSW 2000

Presentation to UBS Australasia Conference - November 2017

Attached presentation delivered by nib at the UBS Australasia Conference (14 November 2017).

Yours sincerely,

Roslyn Toms

Company Secretary

For further information please contact:

Matthew Neat

Head of Corporate Affairs & Investor Relations T: +61 (0)2 4914 1777

M: +61 (0)411 700 006

E: m.neat@nib.com .au

UBS Australasia Conference

14 November 2017

Mark Fitzgibbon

Managing Director & Chief Executive Officer

An inconvenient truth

Healthcare spending across the entire OECD continues to grow at a per annum rate of

GDP plus 2%

- it has for more than

50 years.

Australia currently spends in excess of

$170 billion per annum on health, with The Commonwealth funding more than

$74.4 billion.

Overall our nation's health spending has been increasing annually at

6.99%

(2006-2016 nominal 10 year CAGR).

A perfectly efficient system both allocative and technical will see nominal per capita spending increase

4-6%.

Health spending today accounts for

more than 10%

of Australia's GDP.

Source: Australian Institute of Health and Welfare 2017. Health expenditure Australia 2015-16. Health and welfare expenditure series no. 58. Cat. no. HWE 68. Canberra: AIHW. 2

Real questions

How are we going to pay for it given our heavy reliance on taxation and an accelerating welfare dependency ratio?

What level of inefficiency are we prepared to tolerate both allocative (e.g. unwarranted variation, avoidable

hospitalisation) and technical (e.g. price

variation, high transactional costs)?

How can we generally give consumers a greater sense of value (bang for buck) given taxation and premiums will inevitably increase?

3

NIB Holdings Limited published this content on 14 November 2017 and is solely responsible for the information contained herein.
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