1. Draft 1 1 June 13-15, 2006 Goldman Sachs 27 th Annual Healthcare Conference Vic Campbell, Senior Vice President Mark Kimbrough, Vice President- Investor Relations

2. Draft 2 2 Cautionary Note Regarding Forward-looking Statements HCA’s management will be making some forward-looking statements during today’s presentation. Those forward-looking statements are based on management’s 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 Company’s 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 HCA’s filings with the Securities and Exchange Commission, including the company’s 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.

3. Draft 3 3  Largest, publicly traded, healthcare provider with 183 hospitals 183 hospitals 98 freestanding surgery centers 98 freestanding surgery centers Located in 22 states, London, England and Geneva, Switzerland Located in 22 states, London, England and Geneva, Switzerland NYSE: HCA Sky Ridge Medical Center Denver, CO StoneCrest Medical Center Nashville, TN Capital Regional Medical Center Tallahassee, FL Hospital Corporation of America Hospital Corporation of America

4. Draft 4 4 HCA 2005 Highlights 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% tax repatriation and hurricane expenses, increased 15%  Cash flow from operations totaled $3.2 billion vs. $3.0 billion in 2004 2004  Repurchased 36.7 million shares of stock ($1.9 billion)  Increased dividend 13% to $0.17 per quarter

5. Draft 5 5 HCA Hospitals Located in Growth Markets HCA Hospitals Located in Growth Markets Switzerland U.K. Percent Growth in Market Population 2000-2005 Compared to the National Average of 4.5% Percent Growth in Market Population 2000-2005 Compared to the National Average of 4.5% Las Vegas +22% Las Vegas +22% Southern California +9% Southern California +9% Denver +9% Denver +9% Dade +8% Dade +8% Nashville +8% Nashville +8% Panhandle +10% Panhandle +10% Tampa Bay +8% Tampa Bay +8% Dallas/Ft. Worth +12% Dallas/Ft. Worth +12% Austin +18% Austin +18% Richmond +8% Richmond +8% Palm Beach +11% Palm Beach +11% Houston +10% Houston +10% Kansas City +5% Kansas City +5%   183 Hospitals 98 Surgery Centers   Generally 25%-40% Market Share   40% of facilities in Texas & Florida

6. Draft 6 6 2000200120022003200420052006200720082009201020112012201320142015 95 100 105 110 115 120 125 Acute Care Utilization Index (2003=100) Baby Boomer Impact Accelerates 1.58% CAGR 2003-2012 121 119 117 115 113 112 110 108 106 105 103 102 100 98 97 96 1.7% 1.6% 1.5% 1.6% 1.5% 1.6% 1.5% 1.4% 1.56% 3-Year CAGR 1.59% 3-Year CAGR 1.58% 3-Year CAGR 1.62% 3-Year CAGR Socio-Demographics-Age Wave Driving Healthcare Utilization

7. Draft 7 7 Net Cash Provided by Operating Activities Dollars in Millions HCA’s Cash Flow Remains Strong 6.9% * Reduced due to government settlement and investigation related costs * Reduced due to government settlement and investigation related costs Uses of Cash (1) Capital Reinvestment $1.6B in 2005 in existing markets and $1.9B in 2006 (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 (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

8. Draft 8 8