Carerx Corporation · TSX:CRRX
Carerx — Investor Presentation (March 2023)
16 slides from Carerx's investor presentation, Mar 16, 2023
Slide 1: Investor Presentation
Canada’s Largest Seniors Care Pharmacy Provider TSX: CRRX Investor Presentation March 2023
Slide 2: Forward Looking Statements
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
Slide 3: Canada's largest provider of pharmacy services to seniors
Canada’s largest provider of pharmacy services to seniors housing communities and other congregate care settings 3 3
Slide 4: The typical senior in long-term care takes 4 to 12 medications daily
The typical senior Medication supply and in a long-term management is a critical care or retirement component of seniors home care home takes • Optimize medication regimen for optimal 4 to 12 resident outcomes • Ensure highest levels of safety • Minimize hospital visits medications daily 4 Never has
Slide 5: Comprehensive Institutional Pharmacy Services Offering
Comprehensive Institutional Pharmacy Services Offering Dispensing Clinical and Support Equipment and Services Services Technology • High-volume solutions for cost- • Pharmacist led medication • Medication and treatment carts with effective supply of all medications reconciliation for new admissions
Slide 6: Successful Execution of Our Growth Strategy
Successful Execution of Our Growth Strategy Average Beds Serviced Revenue Adj. EBITDA (000s) (from continuing ops) (from continuing ops) ($ millions) ($ millions) 381.7 32.3 96 74 262.6 22.9 45 162.2 12.8 31 124.6 9.4 FY '19 FY '20 FY '21 FY '22 FY '19 FY '20 FY '21 FY '22 FY '19 FY '20 FY '21 FY '2
Slide 7: Growing National Scale: >94,000 beds serviced
Strongest Network in the Sector Growing National Scale PacMed/PacVision equipment >94,000 beds serviced at all locations Geographies: Ontario, Western Canada seniors housing and expanding to Atlantic Provinces >1,600 communities Strong Bed Growth fulfillment >94,000 28 centres 1 100000 80000 60000 3
Slide 8: Announced Expansion to Atlantic Canada
Announced Expansion to Atlantic Canada Largest Network in the Sector October 3, 2022: Announced a multi-year contract to provide pharmacy services to residents in multiple seniors living facilities in Atlantic Canada • Expect to commence servicing homes in Q3 2023 • Initially serving up to 600 resid
Slide 9: Strategic Priorities
Strategic Priorities Optimize business operations Strengthen balance sheet and improve cash generation Continue to grow revenue Expand industry advocacy efforts 9
Slide 10: Multiple Paths For Growth
Multiple Paths For Growth Grow with existing customers >94,0001 beds 19% • LTC occupancy increasing post-Covid • Home operators expanding through increased capacity, new Current Market >500,000 available beds1 construction, new bed license allocations and acquisitions 81% • Increased penetration and
Slide 11: Successful Execution of Acquisition Strategy
Successful Execution of Acquisition Strategy Proven ability to acquire at accretive multiples, rapidly integrate and realize synergies May 2020 April 2021 June 2021 August 2021 March 2022 Remedy’sRx SmartMeds Rexall Medical Hogan Specialty Pharmacy Pharmacies Pharmacy Partners LTC Pharmacy +18,500 b
Slide 12: The CareRx Advantage
The CareRx Advantage 1 2 3 Strong leadership position as High barriers to entry for new Greater financial resources Canada’s largest operator competitors and flexibility than smaller competitors 4 5 6 Deep and experienced Proprietary technologies and Broad and diverse service leadership team program
Slide 13: Appendix
Canada’s Largest Seniors Care Pharmacy Provider TSX: CRRX Appendix
Slide 14: Balance Sheet
Balance Sheet At December 31/22 Total Debt1 at December 31/22 Cash $28.4 M $13.2 M Net Debt1 $66.2 M $20.0 M $60.0 M Net Debt to Adjusted EBITDA2 2.3x March 2019 Convertible Debentures Subordinated Debt Senior Debt 14 1. Debt = borrowings (principal) not including November 2019 Convertible Debenture
Slide 15: Capital Structure
Capital Structure Shares Outstanding (000’s) Ownership 70,000 Fully Diluted Ownership 2,142 63,325 4,167 57,016 Yorkville Asset Management 16,521,306 26.1% 50,000 Management & Insiders 12,424,373 19.6% Other 34,379,446 54.3% 30,000 Total 63,325,125 100% 10,000 Current I/O Convertible Other Outstandi
Slide 16: Investor Presentation
Canada’s Largest Seniors Care Pharmacy Provider TSX: CRRX Investor Presentation March 2023