Slide 1: MTBC Q2 2020 Results
NASDAQ Global Market: MTBC, MTBCP Q2 2020 Results
Slide 2: Safe Harbor Statements
Safe Harbor Statements 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 statemen
Slide 3: Hosts for MTBC Second Quarter 2020 Earnings Call
Hosts for MTBC Second Quarter 2020 Earnings Call Mahmud Haq Executive Chairman Stephen Snyder Chief Executive Officer A. Hadi Chaudhry President Bill Korn Chief Financial Officer Kim Blanche General Counsel 2
Slide 4: Recent Acquisitions
Recent Acquisitions Award-winning, enterprise-grade cloud platform & Leading Health IT & RCM solutions provider to large, business services for medical groups nationwide. complex, multi-specialty physician groups, prestigious healthcare systems, and national healthcare IT vendors. Assets inclu
Slide 5: New Normal: Digital Patient Experience Goes Mainstream
New Normal: Digital Patient Experience Goes Mainstream Omni-channel patient experience management platform enables: - Contactless patient intake - Digital check-in / online appointment scheduling - Seamless payment integration - Curated patient workflows Seamless telehealth experience to extend
Slide 6: First Half Revenue
First Half Revenue ($ in millions) 2020 Drivers: 45 .0 0 $41.4 January: CareCloud 40 .0 0 $31.8 March: MTBC Force 35 .0 0 30 .0 0 25 .0 0 20 .0 0 $17.0 June: Meridian 15 .0 0 10 .0 0 5.0 0 - H1 2018 H1 2019 H1 2020 5
Slide 7: Proven and Repeatable Acquisition Integration Expertise
Proven and Repeatable Acquisition Integration Expertise June 2020 January 2020 April 2019 July 2018 October 2016 Acquisitions Expenses Reduction CareCloud operating expenses declined 100% 44% in Q1 and Q2; expect Q3 reductions 80% similar to prior acquisitions. 60% CareCloud CareCloud had negati
Slide 8: Revenue Growth: 2017 – 2019 plus 2020 Guidance
Revenue Growth: 2017 – 2019 plus 2020 Guidance $1 60 ($ in millions) $1 40 $130 - 135 Range $105-107 $1 20 63% - 66% Growth Guidance $1 00 2019 – 2020: $8 0 $64.4 Actual $6 0 $50.5 H1 Actual $4 0 $31.8 $2 0 $0 2017 2018 2019 2020 2H 2020 Guidance Run Rate Investors are cautioned that such statements
Slide 9: Adjusted EBITDA: 2017 – 2019 plus 2020 Guidance
Adjusted EBITDA: 2017 – 2019 plus 2020 Guidance ($ in millions) $24-25 Range Guidance $12-13 Actual 48% - 60% Growth $8.1 H1 Actual 2019 – 2020: $4.8 $2.3 2017 2018 2019 2020 2H 2020 Guidance Run Rate Investors are cautioned that such statements involve risks and uncertainties that could cause See r
Slide 10: Thank You
Thank You Corporate Website www.mtbc.com Investor Relations page ir.mtbc.com Investor Inquiries Bill Korn, CFO bkorn@mtbc.com Matt Kreps, Darrow IR mkreps@darrowir.com (214) 597-8200 9
Slide 11: Appendix
Appendix
Slide 12: Non-GAAP Financial Measure Reconciliation
Non-GAAP Financial Measure Reconciliation ($000s) ADJUSTED EBITDA 2017 2018 2019 H1 2020 GAAP net loss $ (5,565) $ (2,138) $ (872) $ (7,294) Provision (benefit) for income taxes 68 (157) 193 (44) Net interest expense 1,307 250 121 222 Foreign exchange / other expense (249) (435) 827 (313) Stock-base