Carecloud, Inc. · NASDAQ:CCLD
Carecloud — MTBC — Q3 2020 Earnings Presentation
16 slides from Carecloud's earnings presentation, Nov 6, 2020
Slide 1: Q3 2020 Results
A leading healthcare Q3 2020 Results technology company with a complete suite of proprietary, cloud- based solutions for healthcare providers NASDAQ Global Market: MTBC, MTBCP
Slide 2: Safe Harbor Statements
Safe Harbor Statements This presentation contains forward-looking statements within the meaning of the federal securities laws. These statements relate to anticipated future events, future results of operations or future financial performance. In some cases, you can identify forward-looking statemen
Slide 3: Hosts for MTBC Third Quarter 2020 Earnings Call
Hosts for MTBC Third Quarter 2020 Earnings Call Mahmud Haq Executive Chairman Stephen Snyder Chief Executive Officer A. Hadi Chaudhry President Bill Korn Chief Financial Officer Kim Blanche General Counsel 3
Slide 4: Accelerating Revenue Growth with Targeted and Proven Strategy
Accelerating Revenue Growth with Targeted and Proven Strategy Organic growth and strategic acquisitions drive tech enabled solutions revenue $130-$135M 49% Highlights: CAGR $105-$107M • Q3 ‘20 Revenue • $31.6 million • 88% YOY Increase • A new record $64.4M • Q3 ‘20 Adj. EBITDA $50.5M • $4.2 million
Slide 5: Supporting our 'Hero Healthcare Provider' Clients
Supporting our ‘Hero Healthcare Provider’ Clients Client Impact Amidst COVID-19 COVID-19 Operational Response Proactive Client Communications Pandemic & Mitigation Efforts & Support • Clients experienced a reduction in • Leveraging distributed global • Practice Pulse: market data, appointment volume
Slide 6: Robust Solution Driving Growth
Robust Solution Driving Growth Practice Management Electronic Heath Revenue Cycle Patient Experience Software Records Management Management Cloud-based Software & Services App Ecosystem Telemedicine Business Mobile Robotic Process Third-Party Solutions Intelligence Apps Automation Apps Additional Bu
Slide 7: 2020 Acquisitions
2020 Acquisitions • Award-winning, enterprise-grade cloud platform and business • Leading healthcare technology and RCM solutions provider to services for medical groups nationwide, offering: large, complex, multi-specialty physician groups, prestigious – Revenue cycle management healthcare systems,
Slide 8: Nine Month Revenues Exceed Prior Full Year Revenues
Nine Month Revenues Exceed Prior Full Year Revenues ($ in millions) 2020 Growth Drivers: • January: CareCloud $73.1 • June: Meridian 80.00 YTD 70.00 $64.4 60.00 Full • Full-year: Increased $50.5 $48.7 50.00 Year velocity of organic growth 40.00 $34.0 30.00 20.00 10.00 - 2018 2019 2020 8
Slide 9: Q3 2020 Highlights – New Records
Q3 2020 Highlights – New Records Revenue Net loss Adjusted net Adjusted EBITDA +88% - $1.6 M income +58% +62% $4.2 - 0% 35 .0 0 4.5 0 1 4% 4.5 0 1 6% $31.6 (0.2 0 ) ($0.1) 4.0 0 4.0 0 1 6% $3.5 30 .0 0 1 3% -1 % (0.4 0 ) (5%) 3.5 0 3.5 0 (1%) 1 5% 25 .0 0 (0.6 0 ) margin margin -2 % 1 3% 3.0 0 3.0 0
Slide 10: Proven and Repeatable Acquisition Integration Expertise
Proven and Repeatable Acquisition Integration Expertise June 2020 January 2020 April 2019 July 2018 October 2016 Acquisitions Expenses Reduction • Proven repeatable results: 100% − CareCloud operating expenses reduced 46% by Q3 80% Meridian − Meridian’s operating expenses reduced 16% by Q3 60% CareC
Slide 11: Margins Typically Rebound a Few Quarters After Major Acquisitions
Margins Typically Rebound a Few Quarters After Major Acquisitions 51% 50% 50% 46% 46% 45% 44% 42% 41% 40% 38% 39% 40% 36% 37% 34% 31% Gross margin 30% 25% 21% 18% 18% 20% 16% 17% 15% Adjusted 12% 12% 11% EBITDA 8% margin 10% 6% 6% 4% 0% (4%) (10%) Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2
Slide 12: Revenue Growth: 2017 – 2019 plus 2020 Guidance
Revenue Growth: 2017 – 2019 plus 2020 Guidance $130-135 ($ in millions) Range $105-107 Guidance Actual $64.4 YTD Actual 63% - 66% Growth $50.5 2019 – 2020: $31.8 2017 2018 2019 2020 Run Rate Guidance Investors are cautioned that such statements involve risks and uncertainties that could cause actual
Slide 13: Adjusted EBITDA: 2017 – 2019 plus 2020 Guidance
Adjusted EBITDA: 2017 – 2019 plus 2020 Guidance $24 + ($ in millions) Range Guidance Actual $12-13 48% - 60% Growth YTD Actual $8.1 2019 – 2020: $4.8 $2.3 2017 2018 2019 2020 Run Rate Guidance Investors are cautioned that such statements involve risks and uncertainties that could cause actual result
Slide 14: Why MTBC?
Why MTBC? • Record results driven by organic as well as strategic growth Corporate Website www.mtbc.com • Rapidly integrating large acquisitions driving enhanced scale • Re-affirmed full-year outlook of $105-107 million Investor Relations ir.mtbc.com revenue, $12-13 million adjusted EBITDA Investor
Slide 15: Appendix
Appendix 15
Slide 16: Non-GAAP Financial Reconciliation
Non-GAAP Financial Reconciliation ($000s) ADJUSTED EBITDA 2017 2018 2019 Q3 2019 Q3 2020 YTD 2019 YTD 2020 GAAP net loss $ (5,565) $ (2,138) $ (872) $ (138) $ (1,674) $ (1,205) $ (8,968) Provision (benefit) for income taxes 68 (157) 193 87 62 101 18 Net interest expense 1,307 250 121 32 130 82 352 F