Medical Facilities Corporation · TSX:DR
Medical Facilities — Investor Presentation (March 2025)
14 slides from Medical Facilities's investor presentation, March 2025
Slide 1: Investor Update March 2025
MEDICAL cea FACILITIES CORPORATION Investor Update March 2025
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation may contain forward-looking statements within the meaning of certain securities laws, including the “safe harbour” provisions of the Securities Act (Ontario) and other provincial securities law in Canada. These forward-looking statements include, among ot
Slide 3: MFC Overview
MFC Overview In partnership with US$343.5 US$61.6 physicians, MFC million million owns a portfolio of 2024 Revenue & 2024 Income from highly rated, high- Other Income1 Operations1 quality surgical facilities in the US$80.7 United States. 89 million Physician Partners2 2024 Adjusted 1 Results for con
Slide 4: Strong Partners
• Our business model encourages physician STRONG owners to remain an integral part of their operations PARTNERS • Direct physician involvement in facility management, resulting in superior processes and efficiencies 4
Slide 5: High-Quality Surgical Facilities
High-Quality Surgical Facilities Arkansas Surgical Hospital MFC's ownership includes controlling interests North Little Rock, Arkansas in three specialty surgical hospitals and an ambulatory surgery center (“ASC”). Sioux Falls Specialty Hospital Sioux Falls, South Dakota Our focus is on short-durati
Slide 6: Best in Class
BEST IN CLASS Higher patient experience ratings resulting from higher quality of care Hospital Star Rating Arkansas Surgical Hospital Oklahoma Spine Hospital Sioux Falls Specialty Hospital Source: Hospital Consumer Assessment of Healthcare Providers and Systems data from CMS; October 30, 2024. 6
Slide 7: Strong Fundamentals
STRONG FUNDAMENTALS Growing demand for U.S. population aged 65+ (millions) healthcare 75 60 45 Drivers: 30 • Overall population growth • Aging population 15 0 2015 2020 2025 2030 Sources: Census.gov and United Nations, Department of Economics and Social Affairs, Population Division. 7
Slide 8: Payor Mix Compared to U.S. Healthcare System
Payor Mix Compared to U.S. Healthcare System 2024 MFC Facility Service Revenue 2023 U.S. Healthcare System Revenue1 24% 11% 33% 49% 40% 43% Private Insurance Medicare/Medicaid Other Private Insurance Medicare/Medicaid Other 1 Sourced from Centers for Medicare & Medicaid Services, National Health Exp
Slide 9: Focused on Shareholder Returns
Focused on Shareholder Returns • Purchased 3,473,913 common shares for Since September 13, 2022: total consideration of $44.9 million in fiscal 9,852,510 2025 YTD (up to March 12, 2025) 1,2 • Purchased 1,700,700 common shares for common shares purchased total consideration of US$16.6 million in for
Slide 10: Financial Highlights
Financial Highlights (US$ thousands, except where noted otherwise)1 FY 2024 FY 2023 Change % Facility service revenue 331,529 339,576 (2.4%) Government stimulus income 11,957 - 100.0% Revenue and other income 343,486 339,576 1.2% Income from operations 61,639 49,176 25.3% Adjusted EBITDA2 80,722 67,
Slide 11: Strong Financial Position
Strong Financial Position As at December 31, 20241 US$108.5 (0.23) million 1.86 Net Debt2 / (0.43) Cash & Cash Equity Equivalents Current Ratio Net Debt2 / Adjusted EBITDA (LTM) 1 Includes the cash proceeds from the sale of Black Hills Surgical Hospital, LLP, which was sold on November 15, 2024. 2 I
Slide 12: Investment Highlights
Investment Highlights • Growing demand for healthcare due to overall population growth and an aging population • Portfolio of highly rated, high-quality facilities • Experienced, entrepreneurial management team • Competitive dividend 12
Slide 13: Capital Markets Profile
As at March 13, 2025 (All dollar amounts are in Canadian currency) Capital Markets Profile Stock Symbol: TSX: DR Shares Outstanding: 19.5 million Share Price: $15.38 Market Capitalization: $300.7 million Annualized Distribution (per share): $0.36 Current Yield: 2.34% 13
Slide 14: To learn more, contact: Trevor Heisler
To learn more, contact: Trevor Heisler MBC Capital Markets Advisors theisler@maisonbrison.com
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