Alignment Healthcare : ALHC Investor Presentation January 2022

REDESIGNING SENIOR HEALTHCARE THOUGH A MODERN MA PLATFORM

January 2022

NASDAQ: ALHC

ibdrootprojectsIBD-NYantifreeze2021675278_12. Roadshow PresentationALHC_Corp_Pres_11.14.21.pptx

LEGAL DISCLAIMER

FORWARD LOOKING STATEMENTS

This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements include statements relating to future developments in our business or expectations for our future financial performance and any statement not involving a historical fact. Forward-looking statements use words such as "anticipate," "believe," "estimate," "expect," "intend," "plan," "should," "seek," and other words and terms of similar meaning. Forward-looking statements are subject to risks and uncertainties and are based on assumptions that may prove to be inaccurate, which could cause actual results to differ materially from those expected or implied by the forward- looking statements. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. Important risks and uncertainties that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: our ability to attract new members and enter new markets; our ability to maintain a high rating for our plans on the Five Star Quality Rating System; risks associated with being a government contractor; changes in laws and regulations applicable to our business model; changes in market or industry conditions and receptivity to our technology and services; results of litigation or a security incident; the impact of shortages of qualified personnel and related increases in our labor costs; and the impact of COVID-19 on our business and results of operation. For a detailed discussion of the risk factors that could affect our actual results, please refer to the risk factors identified in our SEC reports, including our registration statement filed with the Securities and Exchange Commission (the "SEC") on November 16, 2021 and our quarterly report on Form 10-Q for the quarter ended September 30, 2021, filed with the SEC on November 4, 2021. All information provided in this presentation and in the attachments is as of the date hereof, and we undertake no duty to update or revise this information unless required by law.

This presentation includes certain market and industry data and statistics, which are based on publicly available information, industry publications and surveys, reports from government agencies, reports by market research firms and our own estimates based on our management's knowledge of, and experience in, the industry and market in which we compete. Third-party industry publications and forecasts has been obtained from sources we generally believe to be reliable. In addition, certain information contained in this presentation represents management estimates. While we believe our internal estimates to be reasonable, they have not been verified by any independent sources. Such data involve risks and uncertainties and are subject to change.

This presentation contains certain "non-GAAP" financial measures within the meaning of Item 10 of Regulation S-K promulgated by the SEC. We believe that non-GAAP financial measures provide an additional way of viewing aspects of our operations that, when viewed with the GAAP results, provide a more complete understanding of our results of operations and the factors and trends affecting our business. These non-GAAP financial measures are also used by our management to evaluate financial results and to plan and forecast future periods. However, non-GAAP financial measures should be considered as a supplement to, and not as a substitute for, or superior to, the corresponding measures calculated in accordance with GAAP. Non-GAAP financial measures used by us may differ from the non-GAAP measures used by other companies, including our competitors. To supplement our consolidated financial statements presented on a GAAP basis, we disclose the following non-GAAP measures: Medical Benefits Ratio, Adjusted EBITDA and Adjusted Gross Profit, as these are performance measures that our management uses to assess our operating performance. Because these measures facilitate internal comparisons of our historical operating performance on a more consistent basis, we use these measures for business planning purposes and in evaluating acquisition opportunities. For a reconciliation of these non-GAAP measures to the corresponding measures calculated in accordance with GAAP, see the Appendix to this presentation.

Alignment Healthcare, Inc. Confidential and Proprietary Information. Copyright Alignment Healthcare, Inc. 2021. Unauthorized Use Prohibited. All Rights Reserved.

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ibdrootprojectsIBD-NYantifreeze2021675278_12. Roadshow PresentationALHC_Corp_Pres_11.14.21.pptx

WE STARTED ALIGNMENT TO IMPROVE HEALTHCARE

ONE SENIOR AT A TIME

"A few years ago, my mother suffered a heart attack.

I witnessed first-handhow difficult it was to navigate the health care system and how that experience

can lead to a slower recovery...Particularly post discharge. It was frightening.

We had the best hospitals, best doctors and best insurance yet the entire experience for her was poor due

to misaligned incentives, lack of coordination and poor information.

I founded Alignment to provide health care as it should be for our parents and grandparents, to care for the

well-being of each and every member as if they were part of our family.

Our values are to put the senior first in everything we do, support the doctor, use data and

technology to improve the senior's life, and do it all with a serving heart.

Our mission is to bring our differentiated, advocacy-driven healthcare experience to millions of senior consumers in the

United States and to become the most trusted senior healthcare brand in the country."

- John Kao, CEO, Alignment Healthcare

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ibdrootprojectsIBD-NYantifreeze2021675278_12. Roadshow PresentationALHC_Corp_Pres_11.14.21.pptx

LESSONS LEARNED OVER DECADES ARE AT THE FOUNDATION OF OUR APPRO ACH

John Kao

Chief Executive Officer

FHP International

				Core Systems,
		Provider
Vertical Integration,
		Technology and		Chronic Care
One of the First MA		Partnerships, 1M
		Supply Chain		Management
Contracts		MA Seniors
		Operations

Thomas Freeman

Chief Financial Officer

Executive Team Has

Extensive Experience in

Consumer, Technology,

and Healthcare Services

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ibdrootprojectsIBD-NYantifreeze2021675278_12. Roadshow PresentationALHC_Corp_Pres_11.14.21.pptx

OUR RESULTS DEMONSTRATE THAT OUR APPRO ACH IS WORKING

	38 Markets		~92.7k Health Plan Seniors		>850 Employees
			>200 Clinical + Tech
	Across CA, NC, NV, AZ		as of January 2022
			Employees
	Total Revenue ($M)

Health Plan Membership(1)

(2)

86,100 - 86,300

																		68,323
																					(2)
															49,313				$1,135 - $1,140
												40,309
			19,640	20,731	35,337							$959
12,766										$560	$757
			$205	$264	$442
$127
2014	2015	2016	2017	2018	2019	2020	2021E(2)

Notes:

1. Health plan membership excludes members in RBO and excludes Direct Contracting Entity members.
2. 2021E reflects Low/High Guidance published November 4, 2021

'21E CAGR Since

Inception (2)

~31%

Health Plan Membership

~37%

Revenue

Alignment Healthcare, Inc. Confidential and Proprietary Information. Copyright Alignment Healthcare, Inc. 2021. Unauthorized Use Prohibited. All Rights Reserved.

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