Concentra Group Holdings Parent, Inc. · NYSE:CON
Concentra Group Holdings Parent — Q4 2024 Earnings Presentation
19 slides from Concentra Group Holdings Parent's earnings presentation, Mar 3, 2025
Slide 1: Quarter and Year-End 2024 Results & Company Updates
4 Quarter and Year-End 2024 th Results & Company Updates March 3, 2025 ©2024 Concentra Inc. All rights reserved.
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements This presentation contains forward-looking statements that express the Company’s current opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results that include, but are not limited to, financial guid
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 552 157 $1.9bn $377mm Occupational health Onsite
Slide 4: We Continue to Deliver on Goals & Key Initiatives
We Continue to Deliver on Goals & Key Initiatives 1 Strong Q4 + exceeded 2024 full-year guidance 2 Consistent Revenue and Adjusted EBITDA growth 3 Acquisition of Nova Medical Centers (67 centers) 4 Successful re-financing of senior debt and upsizing of revolver with more attractive pricing 5 De-leve
Slide 5: Quarter and Year-End 2024 Results
4 t h Quar ter and Ye a r - E n d 2 0 2 4 Re s u l t s ©2025 Concentra Inc. All rights reserved.
Slide 6: Q4 2024 Performance
Q4 2024 Performance Q4 2023 Q4 2024 YoY (∆) Facility Count (end of period) • Number of locations grew 2.2% YoY to 709 total Total Occupational Health Centers 544 552 +8 locations Total Onsite Health Clinics 150 157 +7 • In the fourth quarter, three new occupational KPIs health centers were opened (o
Slide 7: 2024 Full-Year Performance
2024 Full-Year Performance FY 2023 FY 2024 YoY (∆) Facility Count (end of period) • Number of locations grew 2.2% YoY to 709 total Total Occupational Health Centers 544 552 +8 locations Total Onsite Health Clinics 150 157 +7 • During 2024, we acquired or built 9 new KPIs occupational health centers
Slide 8: Nova Medical Centers Transaction Overview
N ov a M e d i c a l C e n t e r s Tr a n s a c t i o n O ve r v i e w ©2025 Concentra Inc. All rights reserved.
Slide 9: Acquisition of Nova Medical Centers Accelerates Our Scale, Density and Growth
Acquisition of Nova Medical Centers Accelerates Our Scale, Density and Growth + Acquisition of a scaled industry leader in occupational health, also dedicated to Concentra’s mission of improving the health of America’s workforce, one patient at a time Transaction officially closed as of March 1, 202
Slide 10: Nova Medical Centers Overview
Nova Medical Centers Overview Nova is a pure-play occupational health provider that is highly complementary to Concentra. 67 5 30+ Investment Highlights Occupational health centers States with locations Years of operation One of the largest pure-play occupational health groups in 3.5k+ $130.3mm $28.
Slide 11: Key Transaction Terms + Financing Update
Key Transaction Terms + Financing Update The acquisition and deal structure meet our strict investment criteria and established capital allocation strategy. In addition, we received attractive financing terms to further improve our debt structure and economics. FINANCIAL FUNDING + PURCHASE PRICE INT
Slide 12: Our Capital Allocation Priorities Remain The Same, And We Plan to Efficiently De-Lever
Our Capital Allocation Priorities Remain The Same, And We Plan to Efficiently De-Lever Capital Allocation Strategy Net Leverage Pro Forma Liquidity (Net leverage as multiple of Adj. EBITDA1) ($ in millions) M&A and De Novos Strong pipeline + disciplined approach to $454 enhancing footprint for short
Slide 13: Full-Year 2025 Guidance
F u l l - Ye a r 2 0 2 5 Guidance ©2025 Concentra Inc. All rights reserved.
Slide 14: 2025 Full-Year Guidance
2025 Full-Year Guidance Guidance Commentary FY 2024 Actual FY 2025 Guidance1 YoY Growth (%) • Includes all known workers’ compensation fee schedule updates, including Florida (effective 1/1/25) Total Revenue $1,900.2mm ~$2.1bn ~10.5% • Volume trends across Workers’ Compensation are expected to remai
Slide 15: Our Long-Term Financial Targets
Our Long-Term Financial Targets Stable Revenue Consistent Robust Free Prudent Dividend Growth Profitability with Cash Flow2 Deleveraging Continued Generation Strategy Improvement Mid-to-High 20%+ >80% ~3.0x $0.0625 Single-digit growth Adjusted EBITDA Annual FCF Targeted net Quarterly cash margin1 co
Slide 16: Appendix
Appendix ©2025 Concentra Inc. All rights reserved.
Slide 17: Reconciliation of Q4 and Full-Year 2024 Net Income to Adjusted EBITDA and Revenue
Reconciliation of Q4 and Full-Year 2024 Net Income to Adjusted EBITDA and Revenue Three Months Ended Dec. 31, Year Ended Dec. 31, ($ in millions) 2024 % of Rev. 2023 % of Rev. 2024 % of Rev. 2023 % of Rev. Revenue $465.0 $440.7 $1,900.2 $1,838.1 Net Income Attributable to the Company $21.5 4.6% $27.
Slide 18: Reconciliation of 2025 Full-Year Adjusted EBITDA Guidance
Reconciliation of 2025 Full-Year Adjusted EBITDA Guidance Range ($ in millions) Low High Net Income Attributable to the Company $157 $168 Net Income Attributable to Non-Controlling Interests $6 $6 Net Income $163 $174 Income Tax Expense $54 $58 Interest Expense $111 $111 Stock Compensation Expense $
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