Slide 1: Q4 and Full Year 2020 Results
A leading healthcare Q4 and Full Year 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 Fourth Quarter 2020 Earnings Call
Hosts for MTBC Fourth 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: 2020 Full Year in Review
2020 Full Year in Review 63% 34% Adjusted Revenue Growth EBITDA Growth Largest Product Acquisitions Portfolio 100% 200% Sales Bookings Increase in Growth Providers 4 (Percent change reflects 2019 to 2020)
Slide 5: MTBC Brand Merger
MTBC Brand Merger CareCloud®” CE (El
Slide 6: 2020 Acquisitions
2020 Acquisitions • Award-winning, enterprise-grade cloud platform and • Leading healthcare technology and RCM solutions provider to business services for medical groups nationwide, offering: large, complex, multi-specialty physician groups, prestigious – Revenue cycle management healthcare systems,
Slide 7: Robust Solution Driving Growth
Robust Solution Driving Growth Practice Management Electronic Health 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 B
Slide 8: 2020 Highlights
2020 Highlights Revenue Net loss Adjusted EBITDA Adjusted net +63% - $7.9 M 12.00 + 34% income + 26% 120.00 - 0% $10.9 9.00 12% $8.5 $105.1 (1.00) -1% 8.00 ($0.9) 10.00 100.00 10% (2.00) -2% $6.7 $8.1 7.00 (3.00) 8.00 -3% 80.00 6.00 8% (4.00) $64.4 -4% 5.00 6.00 (5.00) 60.00 6% -5% 4.00 (6.00) 4.00
Slide 9: Q4 2020 Highlights
Q4 2020 Highlights Revenue Net income Adjusted EBITDA Adjusted net +103% - $0.1 M +105% income +103% 35.00 0.35 $0.3 3% 6.00 $5.7 18% 6.00 15% $32.0 15% $4.9 18% 0.30 30.00 5.00 5.00 15% 2% 18% 15% 0.25 25.00 18% 4.00 4.00 15% 2% 18% 0.20 20.00 15% $15.8 $2.8 $0.2 3.00 18% 3.00 15.00 0.15 $2.4 15% 1
Slide 10: 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% 43% 42% 41% 40% 39% 38% 37% 40% 36% 34% 31% Gross margin 30% 25% 23% 22% 21% 18% 18% 20% 16% 16% 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 2
Slide 11: Revenue Growth 2017 – 2020 plus 2021 Guidance
Revenue Growth 2017 – 2020 plus 2021 Guidance $133-137 ($ in millions) Range $105.1 Guidance 27% – 30% growth 2020 – 2021: $64.4 Actual $50.5 $31.8 2017 2018 2019 2020 2021 Guidance 11 Investors are cautioned that such statements involve risks and uncertainties that could cause actual results to dif
Slide 12: Adjusted EBITDA Growth 2017 – 2020 plus 2021 Guidance
Adjusted EBITDA Growth 2017 – 2020 plus 2021 Guidance $22-25 ($ in millions) Range Guidance 102% – 130% growth 2020 – 2021: $10.9 Actual $8.1 $4.8 $2.3 2017 2018 2019 2020 2021 Guidance Investors are cautioned that such statements involve risks and uncertainties See reconciliations of non-GAAP resul
Slide 13: Thank You
Thank You Corporate Website www.mtbc.com Investor Relations ir.mtbc.com Investor Inquiries Bill Korn, CFO bkorn@mtbc.com Matt Kreps, Darrow IR mkreps@darrowir.com (214) 597-8200 13
Slide 14: Appendix
Appendix 14
Slide 15: Non-GAAP Financial Measures Reconciliation
Non-GAAP Financial Measures Reconciliation ($000s) Adjusted EBITDA 2017 2018 2019 2020 Q4 2019 Q4 2020 Net (loss) income $ (5,565) $ (2,138) $ (872) $ (8,813) $ 332 $ 155 Provision (benefit) for income taxes 68 (157) 193 103 91 85 Net interest expense 1,307 250 121 446 39 94 Foreign exchange / other