Extendicare Inc. · TSX:EXE

Extendicare — Q2 2026 Earnings Presentation

18 slides from Extendicare's earnings presentation, Aug 7, 2026

  1. Slide 1: Growing Together

    Cover Option o/s new photo Growing Together Q2 2026 Conference Call August 7, 2026

  2. Slide 2: Cautionary statement

    Cautionary statement Forward-looking Statements results and developments discussed in the forward-looking evaluate the performance of the Company. The terms “EBITDA”, statements, as they are subject to a number of risks and “Adjusted EBITDA”, “net operating income” (“NOI”), “adjusted This presentati

  3. Slide 3: Q2 highlights

    Q2 highlights Adjusted EBITDA(1) increased by 71.7% to $68.3M, including $18.5M from the CBI Home Health acquisition Financial highlights Operational highlights Q2 Q2 132.6% YoY increase in home health care ADV from (1) Adjusted EBITDA acquisitions and continued strong organic growth 2026 2025 Repor

  4. Slide 4: Closed CBI Home Health acquisition

    Closed CBI Home Health acquisition CBI Adjusted EBITDA $69.6M for FY2025 ~12.4% ahead of announcement pro forma • $570 million acquisition of CBI Home Health closed April 1, 2026, making ParaMed the leading home health care platform in Canada $504M $69.6M • Advances our services focused strategy and

  5. Slide 5: Building for the future

    Building for the future Advanced redevelopment program with opening of 320-bed home in Ottawa and sale of 320-bed Sudbury project into the Axium JV Beauclaire Forest Trail Upgrading our portfolio quality, driving management fee growth Six LTC homes (1,408 new beds) under construction in Axium JV to

  6. Slide 6: Financial Review

    = 4 /EALTH, MANAGEMENT ‘ Review Q2 2026 Alzheimer’s —. Alzheimer Society Extendicare Extendicare

  7. Slide 7: Consolidated results

    Consolidated results Q2 2026 Q2 2026 vs Q2 2025 • Q2 revenue up $227.6M, driven primarily by the home health Reported acquisitions and organic volume growth, as well as the acquisition of 9 LTC homes, partially offset by the closure of Carlingview Manor Revenue NOI(1) following the new home opening

  8. Slide 8: Home health care

    Home health care ADV of 77,478 reflects full quarter contribution of CBI Home Health and continued strong organic growth Home Health Care ADV and Adjusted NOI Margin %(1)(2) 15% 13.5% 13.6% 13.2% 13.3% 12.9% 85,000 • Q2 revenue up $201.7M, reflecting a 132.6% increase 11.3% 10.4% 10.3% 75,000 in ADV

  9. Slide 9: Long-term care

    Long-term care 2025 LTC acquisition and stable occupancy support 23.9% NOI growth Long-term Care NOI Margin %(1)(2)(3) • Q2 revenue up $26.5M, reflecting full quarter contribution 15% from the 9-home LTC acquisition, net of the closure of Carlingview Manor (+$18.8M), following the opening of 10% 11.

  10. Slide 10: Managed services Extendicare Assist and SGP

    Managed services Extendicare Assist and SGP 8.3% organic growth in SGP clients offset by loss of Revera management contracts in 2025 SGP (3rd party and JV beds) 175,000 • Q2 revenue down $0.6M, largely driven by Revera’s 150,000 sale of 30 Class C LTC homes (9 to Extendicare and 21 125,000 to a thir

  11. Slide 11: Senior unsecured credit structure established in Q2

    Senior unsecured credit structure established in Q2 Weighted average interest rate down 80bps and average maturity increased to 5.1 years Consolidated Debt Pro Forma Consolidated Debt As at June 30, 2026 As at March 31, 2026 Year of Year of Pro Forma ('000s, unless otherwise noted) Interest Rate Mat

  12. Slide 12: Strong liquidity and credit metrics

    Strong liquidity and credit metrics Favourable maturity profile and pro forma Debt to Adjusted EBITDA ~2.5x post-CBI acquisition and ~$208M of available liquidity Debt Metrics(1)(3)(4) 10.0x 9.3x As at June 30, 2026 37.0% 7.9x 7.4x 35.3% 38.6% Available 31.4% Long-term Weighted Average 26.0% Cash Re

  13. Slide 13: Meeting the needs of a growing demographic

    Meeting the needs of a growing demographic Compelling growth in long-term care and home health care Building new LTC homes to address the rising demand for long-term care Canadian population aged 85+ 3x • Seniors aged 85+ increasing at ~4% per year(1) 3.0 • LTC waitlist of ~50,000(2) in Ontario(2) 2

  14. Slide 14: Appendix

    Appendix Extendicare

  15. Slide 15: Services-focused growth

    Services-focused growth Services represent ~59% TTM Q2 2026 adjusted NOI Direct care for seniors NOI contribution by segment(1) Home health care Long-term care TTM Q2 2026 Adjusted NOI(1) $275.5M Managed ~27M Home 58 Home health care services 13.1% health care Long-term care $125.9M 45.7% $36.1M hou

  16. Slide 16: Adjustments to revenue, NOI, EBITDA and AFFO

    Adjustments to revenue, NOI, EBITDA and AFFO Three, six and twelve-month periods ended June 30, 2026 • Q2 2026 AFFO impacted by settlement of DSUs of $6.4M (after- tax impact of $8.7M payroll withholding tax) or $0.066 AFFO/share Impact of out-of-period items on Revenue, NOI, Adjusted EBITDA and AFF

  17. Slide 17: Adjusted NOI by division

    Adjusted NOI by division(1) Three and six months ended June 30, 2026 Home health care NOI and margin(1) Long-term care NOI and margin(1) Q2 Q2 YTD YTD Q2 Q2 YTD YTD 2026 2025 Change 2026 2025 Change 2026 2025 Change 2026 2025 Change $46.7M $21.4M +117.8% $73.8M $36.6M +101.7% $29.7M $23.9M +23.9% $5

  18. Slide 18: Helping people live better

    Helping people live better

Extendicare — Q2 2026 Earnings Presentation on 6ix