Aveanna Healthcare Holdings Inc. · NASDAQ:AVAH
Aveanna Healthcare — Q2 2025 Earnings Presentation
20 slides from Aveanna Healthcare's earnings presentation, Aug 7, 2025
Slide 1: Investor Presentation
Investor Presentation August 2025
Slide 2: Disclaimers and Forward-Looking Statements
Disclaimers and Forward-Looking Statements This investor presentation (this "presentation“) and any oral statements made in connection with this presentation are for information purposes only and do not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation to purchase a
Slide 3: Transforming the Value of Homecare
Transforming the Value of Homecare Aveanna offers a leading, diversified homecare platform that delivers innovative care to pediatric, adult, and geriatric patients. With Locations in 38 states, Aveanna has established a national footprint dedicated to high-quality clinical outcomes and enhanced val
Slide 4: Leadership Presenters
Leadership Presenters Jeff Shaner Matt Buckhalter Debbie Stewart Chief Executive Officer Chief Financial Officer Principal Accounting Officer • CEO of Aveanna since 2023 • CFO of Aveanna since 2023 • Principal Accounting Officer of Aveanna since 2023 • Instrumental in formation of Aveanna • Integral
Slide 5: Aveanna Overview
Aveanna Overview By The Numbers 2020 – 2025 Revenue Growth ($ in millions) 2025 Guidance(1) Key Operating Statistics $2,300 $2,025 >$2.3b 366 $1,788 $1,895 Revenue Locations $1,679 $1,495 34.3% 38 29,000 Gross Margin(2) States Caregivers >$270m 43.9m 88 Adjusted EBITDA Homecare Hours(3) Preferred Pa
Slide 6: Aveanna's Transformative Homecare Platform
Aveanna's Transformative Homecare Platform Scaled National Melia Platform and Mom Valerie Heather Preferred Payor Partnerships Our advanced homecare platform positions us to Government Affairs Strategy improve outcomes with data-driven results and introduce Technology and Data Driven Results value-b
Slide 7: Aveanna's Transformative Homecare Platform
Aveanna's Transformative Homecare Platform Continued substantial progress as demonstrated by key performance metrics.(1) PDS Preferred Payors Value-based Agreements State Rate Increases Home Health Episodic Mix + Projected Projected Projected Projected ___________________________ 7 1. See Disclaimer
Slide 8: Aveanna's Transformative Homecare Platform
Aveanna's Transformative Homecare Platform Our future opportunity will continue to provide enhanced value that is driven by our significant investment in Melia our value-based and Mom national homecare platform. Valerie Heather Core Organic Growth Value-based Organic Growth Risk-based Growth M&A 3 –
Slide 9: Aveanna Business Segments
Aveanna Business Melia and Mom Segments Heather Valerie 9
Slide 10: Private Duty Services Segment
Private Duty Services Segment By The Numbers • One Nurse – One Patient Financial Highlights Key Operating Statistics • Full Time & Per Diem Caregivers Paid by the Hour $1,892m 257 • Longer Length of Stay Net Revenue1 Locations • Patient Demand Exceeds Caregiver Supply 26% – 28% 29 39,000 Patients on
Slide 11: Home Health & Hospice Segment
Home Health & Hospice Segment Home Health By The Numbers • Geriatric Patient Population Financial Highlights Key Operating Statistics • Intermittent Services • Shorter Length of Stay $234m 82 • Value-based Care Component Net Revenue1 Locations • RN, PT, OT, SLP, SW and HHA Hospice 50% – 52% 15 13,85
Slide 12: Medical Solutions Segment
Medical Solutions Segment By The Numbers • Nutritional Support – Enteral Product, Equipment Financial Highlights Key Operating Statistics and Supplies • Provided to Pediatric, Adult, $172m 27 and Geriatric Patients Net Revenue1 States we deliver to • 24-hour Clinical Support 30,300 • Longer Length o
Slide 13: Scaled Platform Built for Driving Growth and Enhancing Value
Scaled Platform Built for Driving Growth and Enhancing Value 13
Slide 14: Fragmented Home Care Markets Support Sustainable Growth
Fragmented Home Care Markets Support Sustainable Growth Annual U.S. Healthcare Spend $4.5tn Our Market Opportunity Home Health $119bn $58.0bn $99bn TAM Hospice Addressable $23.0bn Adult Opportunity ~4% Personal Care $18.0bn annual growth from Private Duty 2023-2028 Nursing $10.0bn Untapped PDN dem
Slide 15: Q2 2025 Financial Performance: Summary Results
Q2 2025 Financial Performance: Summary Results Consolidated Results Revenue and Gross Margin % by Segment $ in millions $590 Y/Y% $ in millions Q2 2024 Q2 2025 Change $486 $505 $408 Revenue $505.0 $589.6 16.8% $60 $55 $42 $43 Gross Margin $158.3 $210.8 33.2% $33 $211 $29 $158 $158 $18 $20 $111 Adjus
Slide 16: Financial Performance: Capital Structure
Financial Performance: Capital Structure Liquidity Indebtedness and Hedging • Liquidity of $353.9m, comprised of the following: • Total variable rate debt of $1,474m, consisting of: • $100.7m cash on balance sheet • First Lien: $886.0m (S + 3.75%) • $147.0m revolver availability • Second Lien: $415m
Slide 17: Path Forward: Strategic and Value-based Growth
Core Organic Growth Path Forward: Strategic and Value-based Growth Operational Focus on Driving Shareholder Value Enhanced Capital Structure 17
Slide 18: Appendix
SS) aveannd healthcare: Appendix 18
Slide 19: Reconciliation of Net Income to Adjusted EBITDA
Reconciliation of Net Income to Adjusted EBITDA For the three-month periods ended For the six-month periods ended (dollars in thousands) June 28, 2025 June 29, 2024 June 28, 2025 June 29, 2024 Net income $ 27,025 $ 13,906 $ 32,218 $ 2,734 Interest expense, net 35,874 39,518 72,077 79,063 Income tax
Slide 20: Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow
Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow For the six-month period ended (dollars in thousands) June 28, 2025 Net cash provided by operations $ 42,937 Purchases of property and equipment, and software (3,477) Principal payments of term loans (4,600) Principal paym
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