Slide 1: Q1 2022 Results
Q1 2022 Results Nasdaq Global Market: MTBC, MTBCP, MTBCO 0
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 CareCloud First Quarter 2022 Earnings Call
Hosts for CareCloud First Quarter 2022 Earnings Call Mahmud Haq Executive Chairman A. Hadi Chaudhry CEO and President Bill Korn Chief Financial Officer Kim Blanche General Counsel 2
Slide 4: Hadi Chaudhry
Hadi Chaudhry CEO and President 3
Slide 5: CareCloud Remote
CareCloud Remote • Evolution of the lessons in remote clinician and patient management we have learned as the business partner for one of our largest clients – Development of integrated products for patient referral management, scheduling, mobile clinician management and patient satisfaction • Inclu
Slide 6: CareCloud Wellness
CareCloud Wellness • The Chronic Care Management (CCM) Program has evolved significantly over the years with CMS now considering this a critical component of primary care helping patients managing chronic conditions achieve overall better health as well as increasing reimbursement rates in 2022 by o
Slide 7: A Multi-faceted Growth Strategy
A Multi-faceted Growth Strategy Organic Growth Acquisitions Partnerships Focused effort on growing market share Acquire revenue cycle management Turn smaller competitors into customers by bringing on net new customers (“RCM”) companies and complementary businesses FORCE: Leverage CareCloud’s Dedicat
Slide 8: Pipeline Creation
Pipeline Creation Pipeline Creation by Product Type 20,000,000 15,000,000 10,000,000 5, 00, 00 - Q2 2021 Q3 2021 Q4 2021 Q1 2022 Technology Driven Services Force Total 7
Slide 9: What Makes Our Business Compelling
What Makes Our Business Compelling Business Model Combination of software and services offerings Larger ACV per customer Customers switching costs are considerable Higher client retention Employed global workforce Favorable cost basis and capabilities for operational scale Disciplined operating meth
Slide 10: Bill Korn
Bill Korn Chief Financial Officer 9
Slide 11: Technology-Enabled Business Solutions Q1 2022 Revenues
Technology-Enabled Business Solutions ($ in millions) Q1 2022 revenue from clients utilizing: Q1 2022 Revenues 85% Core technology components Technology-driven 1 or more technology business solutions components 48% Professional IT services Medical practice $2.2 management $29.9 Pure revenue cycle ma
Slide 12: Q1 2022 Highlights
Q1 2022 Highlights Revenue Net (loss) income Adjusted EBITDA Adjusted net income +19% +$3.1 +28% +20% 5. 0 36.00 $4.7 5. 0 10% $35.3 1. 5 0 0% 35.00 $1.1 4. 5 0 4. 5 0 10% 1. 0 -1 % $3.7 4. 0 34.00 4. 0 10% 33.00 0. 5 0 -2 % 3. 5 0 3. 5 0 $3.5 10% 32.00 - 3. 0 3. 0 $2.9 -3 % 10% 2. 5 0 31.00 2. 5 0
Slide 13: Revenue Growth 2017 – 2021 plus 2022 Guidance
Revenue Growth 2017 – 2021 plus 2022 Guidance $152-155 ($ in millions) $139.6 Range $105.1 Guidance Actual $64.4 $50.5 $31.8 2017 2018 2019 2020 2021 2022 Guidance Investors are cautioned that such statements involve risks and uncertainties 12 that could cause actual results to differ materially fro
Slide 14: Adjusted EBITDA Growth 2017 – 2021 plus 2022 Guidance
Adjusted EBITDA Growth 2017 – 2021 plus 2022 Guidance 29 .0 0 ($ in millions) $24-26 24 .0 0 $22.1 Range Guidance 19 .0 0 Actual 14 .0 0 $10.9 9.0 0 $8.1 $4.8 $2.3 4.0 0 (1.0 0 ) 2017 2018 2019 2020 2021 2022 Guidance Investors are cautioned that such statements involve risks and uncertainties 13 th
Slide 15: Capitalization as of May 4, 2022
Capitalization as of May 4, 2022 CareCloud Enterprise Value Series A Series B $ Millions $250 Common Stock Preferred Stock Preferred Stock $6.1 $10.1 Exchange / $151 $208 Nasdaq: MTBC Nasdaq: MTBCP Nasdaq: MTBCO Ticker $200 Stock Price (1) $4.02 $26.85 $25.72 Outstanding 15.1 million 4.5 million 1.2
Slide 16: Thank you!
Thank you! Corporate Website www.carecloud.com Investor Relations ir.carecloud.com Investor Inquiries Bill Korn, CFO bkorn@carecloud.com Gene Mannheimer, Westwicke CareCloudIR@westwicke.com (410) 753-2640 (formerly MTBC, Inc.) 15
Slide 17: Appendix
CoreCloud™ Appendix
Slide 18: Non-GAAP Financial Measures Reconciliation
Non-GAAP Financial Measures Reconciliation ($000s) Adjusted EBITDA 2017 2018 2019 2020 2021 Q1 2021 Q1 2022 Net (loss) income $ (5,565) $ (2,138) $ (872) $ (8,813) $ 2,836 $ (1,964) $ 1,140 Provision (benefit) for income taxes 68 (157) 193 103 157 (1) 64 Net interest expense 1,307 250 121 446 440 64