Extendicare Inc. · TSX:EXE
Extendicare — Shareholder Meeting (May 2024)
21 slides from Extendicare's shareholder meeting presentation, May 23, 2024
Slide 1: 2024 Annual Meeting of Shareholders
Extendicare Inc. 2024 Annual Meeting of Shareholders May 23, 2024
Slide 2: Forward-looking statements
Forward-looking statements This presentation contains forward-looking Forward-looking statements can often be achievements of Extendicare to differ materially statements within the meaning of applicable identified by the expressions “anticipate”, from those expressed or implied in the Canadian secur
Slide 3: 2024 Annual Meeting of Shareholders
2024 Annual Meeting of Shareholders Alan Torrie Chair of the Board of Directors 3
Slide 4: 2023 Annual financial statements
2023 Annual financial statements • The Financial Statements and Auditors’ Report for the year ended December 31, 2023, are contained in the Company’s 2023 Annual Report. • The Financial Statements have been approved by the Board of Directors and are available on the Company's website. 4
Slide 5: Appointment of auditors
Appointment of auditors MOTION “RESOLVED THAT: KPMG LLP be appointed Auditors of the Company, to hold office until the close of the next annual meeting of shareholders at such remuneration as shall be fixed by the Board of Directors.” 5
Slide 6: Director nominees
Director nominees Norma Michael Alan Torrie Beauchamp Guerriere Sandra Brent Alan Hibben Houlden Hanington Donna Samir Manji Al Mawani Kingelin 6
Slide 7: Election of nine directors
Election of nine directors MOTION “RESOLVED THAT: Norma Beauchamp, Michael Guerriere, Sandra Hanington, Alan Hibben, Brent Houlden, Donna Kingelin, Samir Manji, Al Mawani, and Alan Torrie, be elected as Directors of the Company to hold office until the next annual meeting of shareholders or until th
Slide 8: Say on pay
Say on pay MOTION “RESOLVED THAT: on an advisory basis and not to diminish the role and responsibilities of the Board of Directors, that the Shareholders accept the approach to executive compensation disclosed in this Information Circular delivered in advance of the 2024 annual meeting of Shareholde
Slide 9: Preliminary voting results and conclusion of formal business
2024 Annual Meeting of Shareholders Preliminary voting results Conclusion of formal business and termination of meeting 9
Slide 10: Helping people live better
Helping people live better • Focused on health care needs of growing seniors’ population • Repositioned to focus on health care services • Visible improvement across all business segments • Investing in safe, comfortable long-term care homes and capacity to deliver more home care • Eight of nine boa
Slide 11: 2024 Annual Meeting of Shareholders
2024 Annual Meeting of Shareholders Dr. Michael Guerriere President and CEO 11
Slide 12: 2023: Transformation to services-driven organization
2023: Transformation to services-driven organization • Closing of strategic transactions position company to address growing market opportunity • Services now represent more than half of operating income • Transformation positively impacting financial results; significant growth across all business
Slide 13: Return to historical performance in long-term care
Return to historical performance in long-term care • Segment faced margin pressure from higher inflation • Margins improving from occupancy recovery and cost management • Increased funding announced in 2024 will help restore financial stability of sector and support redevelopment program 13
Slide 14: Executing on LTC redevelopment program
Executing on LTC redevelopment program • Aging population driving need for new LTC homes • Opened Extendicare Countryside in March 2024 – 256-bed LTC home in Sudbury in the Axium joint venture; on track to open new homes in Kingston and Stittsville this year • Five LTC homes currently under construc
Slide 15: Growing demand for home health care
Growing demand for home health care • Delivered ~10M hours of care in 2023 • Seniors choosing to age in their own homes • Rate increases are supporting recruiting, retention and technology investments • Significant expansion in service delivery capacity 15
Slide 16: Growth in managed services
Growth in managed services • Seeing benefits of Axium and Revera transactions • Revera transaction substantially increased the size of the managed services segment • SGP broadened market reach to more than 138,000 beds by the end of Q1 2024 • Well-positioned for continued expansion of client base an
Slide 17: Our team members provide exceptional care
Our team members provide exceptional care • Excellent management team leads with clear vision • Integration of Revera’s talented team brings together the two most experienced LTC operators in Canada • Extendicare’s 22,000 team members, working in support of our mission 17
Slide 18: Working together to meet growing seniors' care needs
Working together to meet growing seniors’ care needs • Growing need for the critical services we deliver • Transformed company into a growth platform to meet increasing care needs of Canada’s seniors’ demographic • Thank you to our strategic partners and shareholders for your continued support 18
Slide 19: Extendicare named in the 2024 Globe and Mail Women Lead Here list
Extendicare named in the 2024 Globe and Mail Women Lead Here list 19
Slide 20: Questions
2024 Annual Meeting of Shareholders Questions Shareholders and duly appointed proxyholders may ask questions 20
Slide 21: Helping people
Helping people Extend ParaNled as Redefining Care