Slide 1: Growing together for a bright future
Growing together for a bright future Q3 2023 Results Conference Call November 9, 2023
Slide 2: Forward-looking statements and non-GAAP measures
Forward-looking statements and non-GAAP measures Forward-looking Statements volumes in its home health care business. refer to “Risks and Uncertainties” and “Forward- looking Statements” in Extendicare’s Q3 2023 This presentation contains forward-looking Forward-looking statements can often be ident
Slide 3: Q3 2023 operating highlights
Q3 2023 operating highlights • Improving performance and growth in operating metrics reflect stronger execution vs. Q3 vs. Q2 2022 2023 LTC occupancy +430 bps +60 bps Home health care ADV +9.3% +1.0% SGP customer base +20.5% +11.6% • Continued improvement in LTC occupancy • LTC costs aligning with f
Slide 4: Revera and Axium transactions closed in Q3
Revera and Axium transactions closed in Q3 Foundation in place to drive growth using a less capital-intensive, higher margin business model Axium transaction closed September 13, 2023 Axium JV acquired four Ontario construction projects (960 beds) with Extendicare retaining a 15% managed 960 LTC bed
Slide 5: Committed to LTC redevelopment
Committed to LTC redevelopment Commenced construction on fifth LTC redevelopment project • In October 2023, commenced construction of a new 256-bed LTC home in Orleans (Ottawa region) with targeted opening in Q2 2026; the project is anticipated to be purchased by Axium JV • The new Ottawa project, t
Slide 6: Financial review
Financial review Q3 2023 Extendicare ParoMied "“Besise SPAY Redefining Cre roasted Better alltogether’
Slide 7: Consolidated results
Consolidated results Three and nine months ended September 30, 2023 ($ millions, except per share amounts) • Q3 NOI up $11.7M to $35.2M, reflecting growth in home health Q3 Q3 YTD YTD care ADV, rate increases, improved alignment of LTC costs with 2023 2022 Change 2023 2022 Change funding, increased
Slide 8: Long-term care
Long-term care Three and nine months ended September 30, 2023 Revenue • Q3 revenue down $0.6M; excluding a reduction in COVID-19 funding of Q3 2023 $191.7M -0.3% $18.7M, revenue up $18.1M due to funding enhancements and timing of spend, YTD 2023 $581.7M 1.4% including Ontario flow-through funding of
Slide 9: Home health care
Home health care Three and nine months ended September 30, 2023 • Q3 revenue up $10.4M; excluding reduction in COVID-19 funding of $3.3M, Revenue revenue up $13.7M, reflecting 9.6% increase in ADV and billing rate increases Q3 2023 $118.1M 9.6% • Q3 NOI up $6.4M; excluding impact of unfunded COVID-1
Slide 10: Managed services | Extendicare Assist and SGP
Managed services | Extendicare Assist and SGP Three and nine months ended September 30, 2023 Revenue • Q3 revenue up $3.9M due largely to addition of 56 homes and ~7,000 Q3 2023 $12.7M 44.3% beds from Revera transactions and other new SGP clients, partially offset by reduction in scope of services o
Slide 11: Strong financial position
Strong financial position September 30, 2023 Long-term Debt metrics Available Debt metrics (including 15% JV(2) share) debt(1) demand Long-term (including 15% JV Cash facilities debt(1) share(2)) TTM Adjusted Weighted TTM Adjusted Weighted EBITDA average term EBITDA average term $96M $76M $344M $395
Slide 12: Helping people live better: Strategic direction
Strategic direction Canada’s leader in Establish & leverage partnerships seniors’ care services: with other care providers to better long-term care & integrate seniors’ care with the rest of home care the health system Use technology to improve Helping Known for communications & leverage data analyt
Slide 13: Thank you
Thank you Extend ParaNled EXTENDICARE$ Redefining Care Better all together
Slide 14: Appendix
Appendix Extendicare ParaNvled "assist bal
Slide 15: Extendicare: services that cross the care continuum
Extendicare Services that cross the care continuum Direct services to seniors Managed services Long-term care Home health care Management and Group purchasing consulting services services 53 9.7M 73 129K Long-term care Home health care Homes under Third-party homes owned hours delivered (TTM) manage
Slide 16: Estimated COVID-19 revenue, operating expenses and administrative costs
Estimated COVID-19 revenue, operating expenses and administrative costs Three and nine months ended September 30, 2023 All COVID funding supports ended Q2 2023 across all provinces in which we operate 2023 2022 2021 YTD YTD (millions of dollars) Q2 Q1 Q3 Q4 Q3 Q2 Q1 Q3 Year Q4 Revenue Long-term care
Slide 17: Results – NOI by division
Results – NOI by division(1) Three and nine months ended September 30, 2023 ($ millions) Long-term care NOI and margin(1) Home health care NOI and margin(1) Q3 Q3 YTD YTD Q3 Q3 YTD YTD 2023 2022 Change 2023 2022 Change 2023 2022 Change 2023 2022 Change $16.6 $13.6 22.1% $45.6 $41.4 10.1% $11.6 $5.9
Slide 18: Helping people live better
Helping people live better