Q2 2019 Earnings Call - Amazon Web Services...Q2 2019 Earnings Call August 15, 2019 Forward Looking...

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Q2 2019 Earnings Call August 15, 2019

Transcript of Q2 2019 Earnings Call - Amazon Web Services...Q2 2019 Earnings Call August 15, 2019 Forward Looking...

Page 1: Q2 2019 Earnings Call - Amazon Web Services...Q2 2019 Earnings Call August 15, 2019 Forward Looking Statements Certain of the statements contained in this presentation are "forward-looking

Q2 2019 Earnings CallAugust 15, 2019

Page 2: Q2 2019 Earnings Call - Amazon Web Services...Q2 2019 Earnings Call August 15, 2019 Forward Looking Statements Certain of the statements contained in this presentation are "forward-looking

Forward Looking Statements

Certain of the statements contained in this presentation are "forward-looking information“ within the meaning of applicable

Canadian securities legislation. Forward-looking information includes, but is not limited to, business strategy, plans and other

expectations, beliefs, goals, objectives, information and statements about possible future events. Forward-looking

information generally can be identified by the use of forward-looking terminology such as “outlook”, “objective”, “may”,

“will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “should”, “plans” or “continue”, or similar expressions suggesting

future outcomes or events. You are cautioned not to place undue reliance on such forward-looking information. Forward-

looking information is based on current expectations, estimates and assumptions that involve a number of risks that are set

out under the heading “Risks and Uncertainties” in Centric Health’s most recently filed Management’s Discussion and

Analysis available on SEDAR at www.sedar.com, which could cause actual results to vary and in some instances to differ

materially from those anticipated by Centric Health and described in the forward-looking information contained in this

presentation. No assurance can be given that any of the events anticipated by the forward-looking information will transpire

or occur or, if any of them do so, what benefits Centric Health will derive therefrom and neither Centric Health nor any other

person assumes responsibility for the accuracy and completeness of any forward-looking information. Other than as

specifically required by applicable laws, Centric Health assumes no obligation and expressly disclaims any obligation to

update or alter the forward-looking information whether as a result of new information, future events or otherwise.

All dollar figures are in Canadian dollars unless otherwise stated.

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Page 3: Q2 2019 Earnings Call - Amazon Web Services...Q2 2019 Earnings Call August 15, 2019 Forward Looking Statements Certain of the statements contained in this presentation are "forward-looking

President & Chief Executive Officer

David Murphy

Page 4: Q2 2019 Earnings Call - Amazon Web Services...Q2 2019 Earnings Call August 15, 2019 Forward Looking Statements Certain of the statements contained in this presentation are "forward-looking

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Second Quarter Highlights

Adjusted EBITDA margin of 11.8%

Specialty Pharmacy revenue increased 6.5%

Average number of beds serviced up 9.6% to 31,265

50.5% growth in Adjusted EBITDA from Specialty Pharmacy

Page 5: Q2 2019 Earnings Call - Amazon Web Services...Q2 2019 Earnings Call August 15, 2019 Forward Looking Statements Certain of the statements contained in this presentation are "forward-looking

Continued Growth in Number of Beds Serviced

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Q2 18 Q3 18 Q4 18 Q1 19 Q2 19

28,537

29,040

29,690

30,341

31,265

Average number of beds serviced

Increased average beds serviced by more than 2,728 compared to Q2 2018

Average beds serviced up 3% since Q1 2019

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Sale of Surgical and Medical Centres Division

Signed definitive agreement with Kensington Capital Advisors on August 9, 2019

Cash purchase price of $35M

Expected to close Sept. 30, 2019

Net proceeds will be used to pay down debt

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Page 7: Q2 2019 Earnings Call - Amazon Web Services...Q2 2019 Earnings Call August 15, 2019 Forward Looking Statements Certain of the statements contained in this presentation are "forward-looking

Continuing to Improve our Balance Sheet

$51.4 millionaggregate proceeds YTD

Divestiture of non-core assets

Private placement equity raise

Page 8: Q2 2019 Earnings Call - Amazon Web Services...Q2 2019 Earnings Call August 15, 2019 Forward Looking Statements Certain of the statements contained in this presentation are "forward-looking

Multiple Growth Opportunities

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Increase our customer baseAdd more beds under care; Penetrate seniors living at home market

Expand scope of servicesLeverage national platform / existing customer base; Examples: medical cannabis, medical supplies

Consolidate the marketMake accretive acquisitions resulting in synergies / economies of scale

Page 9: Q2 2019 Earnings Call - Amazon Web Services...Q2 2019 Earnings Call August 15, 2019 Forward Looking Statements Certain of the statements contained in this presentation are "forward-looking

Interim Chief Financial Officer

Andrew Mok

Page 10: Q2 2019 Earnings Call - Amazon Web Services...Q2 2019 Earnings Call August 15, 2019 Forward Looking Statements Certain of the statements contained in this presentation are "forward-looking

Specialty Pharmacy Quarterly Results

Revenue($ millions)

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16

24

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Q2 2018 Q2 2019

Revenue of $31.5 million in Q2 2019

Up 6.5% from $29.6 million in Q2 2018

Increase due to higher average number of beds serviced & impact of Business Re-Engineering Plan

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Specialty Pharmacy Quarterly Results

Adjusted EBITDA($ millions)

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Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019

Adjusted EBITDA of $3.7 million

Up 50.5% from Q2 2018

Adjusted EBITDA Margin = 11.8% vs 8.3% in Q2 2018

Third consecutive quarter of sequential profit growth

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INVESTOR RELATIONS

Trevor Heisler

NATIONAL Capital Markets

416-848-1434

[email protected]