Concentra Group Holdings Parent, Inc. · NYSE:CON
Concentra Group Holdings Parent — Q3 2024 Earnings Presentation
18 slides from Concentra Group Holdings Parent's earnings presentation, Oct 31, 2024
Slide 1: 3rd Quarter 2024 Results
3rd Quarter 2024 Results October 31, 2024 ©2024 Concentra Inc. All rights reserved.
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements This presentation contains forward-looking statements that express the Company’s opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results that include, but are not limited to, financial guidance and
Slide 3: Concentra At-a-Glance
Concentra At-a-Glance Concentra is the largest provider of occupational health services in the United States by number of locations1, with a mission of improving the health of America’s workforce, one patient at a time. KEY STATISTICS ROBUST FINANCIALS 549 156 $1.9bn $368mm Occupational health Onsit
Slide 4: We Create Convenient Access for Employers and Patients
We Create Convenient Access for Employers and Patients… Occupational Onsite Health Health Centers Clinics Telemed Description Centers specializing in Clinics dedicated to a Telemedicine solution offering occupational and single employer’s used to treat work injuries other health care services worksi
Slide 5: Our Value Proposition is Focused on Improving Employees' Health with a Safe Return to Work
Our Value Proposition is Focused on Improving Employees’ Health with a Safe Return to Work Access and With alignment across all stakeholders – including patients, employers, and convenience payors – we aim to ensure employees’ safe and sustainable return to work and help lower overall claims costs,
Slide 6: We Have a Highly Diverse Business with Strong Underlying Fundamentals
We Have a Highly Diverse Business with Strong Underlying Fundamentals Attractive payor mix1 Broad geographic mix2 California Medicare & Other Urgent & Commercial 18% <1% 2% Workers’ Employer Compensation Texas Remaining States Services Employers, insurance 10% 55% Employers and TPAs carriers and TPA
Slide 7: Experienced Leadership Team with 275 Years of Combined Experience with Concentra
Experienced Leadership Team with 275 Years of Combined Experience with Concentra WILLIAM K. NEWTON JOHN ANDERSON, DO GIOVANNI GALLARA, PT DOUGLAS MCANDREW Executive Vice President, Executive Vice President, Executive Vice President, Chief Executive Officer Chief Medical Officer Chief Clinical Servic
Slide 8: Our Competitive Strengths Deliver Value Creation
Our Competitive Strengths Deliver Value Creation 1 Leader in Occupational Health Services 2 Diversified Service Offering 3 High-Quality Health Care & Positive Clinical Outcomes 4 Operational Excellence & Positive Patient Satisfaction 5 Deep & Diverse Customer Relationships 6 Track Record of Innovati
Slide 9: Key Q3 Performance Highlights & Company Developments
Key Q3 Performance Highlights & Company Developments • Number of locations grew +3% YoY to 705 total locations • Opened one de novo (Chattanooga, TN) and completed one acquisition (Chicago, IL) • Revenue increased +3% in Q3 YoY • Largely driven by stable workers’ compensation visit volume and reimbu
Slide 10: Q3 2024 Performance
Q3 2024 Performance Number of Locations Visits per Day Revenue per Visit 684 705 +3% 52,080 50,916 -2% $136.11 $141.42 +4% 145 156 +8% 28,177 27,011 -4% 539 549 +2% 23,034 23,070 +0% 9/30/23 9/30/24 Q3 '23 Q3 '24 Q3 '23 Q3 '24 Work. Comp. $197 $202 +3% Centers Onsites Work. Comp. Empl. Svcs. Cons. H
Slide 11: YTD 2024 Performance
YTD 2024 Performance Number of Locations Visits per Day Revenue per Visit 684 705 +3% 51,136 50,149 -2% $134.62 $140.12 +4% 145 156 +8% 27,836 26,513 -5% 539 549 +2% 22,391 22,733 +2% 9/30/23 9/30/24 YTD '23 YTD '24 YTD '23 YTD '24 Work. Comp. $195 $199 +2% Centers Onsites Work. Comp. Empl. Svcs. Co
Slide 12: Continued Execution of Proven, Multi-Pronged Growth Strategy
Continued Execution of Proven, Multi-Pronged Growth Strategy Expansion into Adjacencies De Novos & Acquisitions Further expanding into adjacent, Organic Growth / Technologies high-growth opportunities Track record of growth and integration Strong history of organic growth in Recent Accomplishments n
Slide 13: Balance Sheet & Capital Allocation Strategy
Balance Sheet & Capital Allocation Strategy Capital Allocation Strategy Net Leverage 1 Liquidity ($mm) Leverage $523 Prudent management of leverage levels, ~3.9x 3.7x targeting <3.0x net leverage 24 months post-IPO M&A and De Novos <3.0x Strong pipeline + disciplined approach to $386 Revolver enhanc
Slide 14: 2024 Full-Year Guidance
2024 Full-Year Guidance FY 2024 Outlook Total Revenue ~$1.9bn Adjusted EBITDA1 $370mm - $375mm Capital Expenditures $65mm - $70mm Net Leverage2 3.5x - 3.6x ©2024 Concentra Inc. All rights reserved. 14 (1) Adjusted EBITDA is a non-GAAP measures, see appendix for a reconciliation to net income; (2) Ne
Slide 15: Appendix
APPENDIX ©2024 Concentra Inc. All rights reserved. 15
Slide 16: Reconciliation of Net Income to Adjusted EBITDA
Reconciliation of Net Income to Adjusted EBITDA Three Months Ended Sep. 30, Nine Months Ended Sep. 30, TTM Sep. 30, ($000's) 2024 2023 2024 2023 2024 Net Income $45,759 $54,424 $149,097 $155,887 $177,953 Income Tax Expense $16,415 $15,205 $49,648 $47,964 $59,571 Interest Expense $21,369 $64 $21,275
Slide 17: Reconciliation of Net Income to Adjusted EBITDA (2024 Guidance)
Reconciliation of Net Income to Adjusted EBITDA (2024 Guidance) Range ($mm) Low High Net Income $169 $173 Income Tax Expense $57 $58 Interest Expense on Related Party Debt $22 $22 Interest Expense $48 $48 Equity in Losses of Unconsolidated Subsidiaries $4 $4 Stock Compensation Expense $1 $1 Deprecia
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