Carecloud, Inc. · NASDAQ:CCLD
Carecloud — MTBC — FY2020 Earnings Presentation
15 slides from Carecloud's earnings presentation, Feb 25, 2021
Slide 1: Q4 and Full Year 2020 Results
Q4 and Full Year 2020 Results NASDAQ Global Market: MTBC, MTBCP A leading healthcare technology company with a complete suite of proprietary, cloud- based solutions for healthcare providers
Slide 2: Safe Harbor Statements
Safe Harbor Statements BIC! This presentation contains forward-looking statements within the meaning of the federal securities laws. These statements relate to anticipated future events, future results of operations or future financial Performance. In some cases, you can identify forward-looking sta
Slide 3: Hosts for MTBC Fourth Quarter 2020 Earnings Call
Hosts for MTBC Fourth Quarter 2020 Earnings Call Mahmud Haq Stephen Snyder A. Hadi Chaudhry Bill Korn Kim Blanche Executive Chairman Chief Executive Officer President Chief Financial Officer General Counsel B= (s)E)
Slide 4: 2020 Full Year in Review
2020 Full Year in Review ——— EBITDA Growth Providers 4 (Percent change reflects 2019 to 2020)
Slide 5: MTBC Brand Merger
MTBC Brand Merger CareCloud
Slide 6: 2020 Acquisitions
2020 Acquisitions CareCloud”” breeze + Award-winning, enterprise-grade cloud platform and business services for medical groups nationwide, offering: Revenue cycle management Practice management Electronic health record Patient experience management software and solutions MERIDIAN MEDICAL MANAGEMENT
Slide 7: Robust Solution Driving Growth
Robust Solution Driving Growth Practice Management Electronic Health Revenue Cycle Patient Experience Software Records Management Management OO Sri) Telemedicine Business Robotic Process Third-Party Solutions Intelligence Automation Apps Contracting & Group Purchasing Practice Management Credentiali
Slide 8: 2020 Highlights
2020 Highlights au Revenue Y Net loss Adjusted EBITDA Y Adjusted net YP +63% -$7.9M +34% income +26% $10.9 $8.5 sos Ls ($0.9) $8.1 ae7 _ / FY 2019 FY 2020 FY 2019 FY 2020 FY 2019 FY 2020 FY 2019 FY 2020 Increase in GAAP net loss primarily due to $6.5 million increase in non-cash amortization expense
Slide 9: Q4 2020 Highlights
Q4 2020 Highlights Bic Revenue ri Net income Adjusted EBITDA e Adjusted net y +103% -$0.1M +105% income +103% 0.3 $5.7 $32.0 5 $4.9 15.8 $2.8 : ' 7 Q4 2019 Q4 2020 Q4 2019 Q4 2020 Q4 2019 Q4 2020 Q4 2019 Q4 2020 GAAP net income includes $2.5 million of non-cash amortization expense and $1.6 million
Slide 10: Margins Typically Rebound a Few Quarters After Major Acquisitions
Margins Typically Rebound a Few Quarters After Major Acquisitions ee 51% 50% 50% 4 45% i 42% 41% 39% 40% @=Gross margin 30% - 25% 21% pains 20% 16% =0=Adjusted EBITDA margin 10% 6% 4%, 0% 7— (10%) Q12017 Q22017 Q32017 Q42017 Q12018 Q22018 Q32018 Q42018 Q12019 Q22019 Q32019 Q42019 Q12020 Q22020 Q3202
Slide 11: Revenue Growth 2017 — 2020 plus 2021 Guidance
Revenue Growth 2017 — 2020 plus 2021 Guidance $133-137 ($ in millions) | m Range 4 Guidance @ Actual 2020-2021: 27% — 30% growth 2017 2018 2019 2020 2021 Guidance Investors are cautioned that such statements involve risks and uncertainties that could cause actual results to differ materially from an
Slide 12: Adjusted EBITDA Growth 2017 — 2020 plus 2021 Guidance
(El MI Adjusted EBITDA Growth 2017 — 2020 plus 2021 Guidance Bi $22-25 ($ in millions) [| m Range z 4 Guidance ES a 2 $109 8x © ” s s mw Actual $8.1 BG i=) Nx $4.8 3 2017 2018 2019 2020 2021 Guidance Investors are cautioned that such statements involve risks and uncertainties See reconciliations of
Slide 13: Thank You
Thank You Corporate Website BM Auielencoln Investor Relations ir.mtbc.com Investor Inquiries Bill Korn, CFO bkorn@mtbc.com Matt Kreps, Darrow IR mkreps@darrowir.com (214) 597-8200 13
Slide 14: Appendix
A p pend ix
Slide 15: Non-GAAP Financial Measures Reconciliation
Non-GAAP Financial Measures Reconciliation (000s) Adjusted EBITDA 2017 2018 2019 2020 42019 a4 2020 Net (loss) income $ (5,565) $ (2,138) $ (872) $ (8813) [$ 332 $ 155 Provision (benefit) for income taxes 68 (157) 193 103 91 85 Net interest expense 1,307 250 124 446 39 4 Foreign exchange / other exp