Slide 1: Growing Together
Cover Option o/s new photo Growing Together Q1 2026 Conference Call May 8, 2026
Slide 2: Forward-looking statements and non-GAAP measures
Forward-looking statements and non-GAAP measures Forward-looking Statements relating to expected future current income taxes refer to “Risks and Uncertainties” and “Forward- and maintenance capex impacting AFFO. looking Statements” in Extendicare’s Q1 2026 This presentation contains forward-looking
Slide 3: Q1 highlights
Q1 highlights Adjusted EBITDA, excluding out-of-period items, increased by 52.2% to $44.2M Financial highlights Operational highlights Q1 Q1 Adjusted EBITDA 32.7% YoY increase in home health care ADV from 2026 2025 continued strong organic growth and the acquisition of Reported $52.9M $35.6M +48.5%
Slide 4: Closed CBI Home Health acquisition
Closed CBI Home Health acquisition Creates a national home health care platform • $570 million acquisition closed April 1, 2026 • Advances Extendicare’s services focused strategy • Highly complementary to ParaMed, with substantial presence in Western Canada and the potential for $478M $61.9M signifi
Slide 5: Building for the future
Building for the future Two new homes opening in 2026; recycled capital from sale of legacy Class C home in Q1 Upgrading our portfolio quality, driving management fee growth Seven LTC homes (1,728 new beds) under construction in Axium JV to replace 1,375 Class C Estimated beds Redevelopment # of # C
Slide 6: Financial Review
Financial Review Q1 2026
Slide 7: Consolidated results
Consolidated results Q1 2026 • Out-of-period items recognized in Q1 2026(1) consisted of retro funding in LTC and home health, partially offset by retro wage Q1 2026 vs Q1 2025 adjustments in home health, which added $8.7M to NOI compared to Reported $6.6M in Q1 2025 Revenue NOI • Q1 revenue up $90.
Slide 8: Home health care
Home health care Strong organic growth and acquisition of Closing the Gap driving 78.9% increase in Q1 NOI ADV and Adjusted NOI Margin %(1) • Q1 revenue up $47.2M; up $56.5M excluding out-of- 15% 12.6% 13.5% 13.6% 13.2% 13.3% 45,000 period items(2), reflecting a 32.7% increase in ADV, driven 11.3% 1
Slide 9: Long-term care
Long-term care Growth driven by the LTC acquisition in 2025 and funding increases NOI Margin %(1) • Q1 revenue up $45.8M; up $37.9M(2) excluding out-of- 15% period items, reflecting the contribution from the 9-home LTC acquisition (+$32.5M), funding increases and timing of spend, partially offset by
Slide 10: Managed services Extendicare Assist and SGP
Managed services Extendicare Assist and SGP 6.0% organic growth in SGP clients offset by loss of Revera management contracts in 2025 SGP (3rd party and JV beds) 175,000 • Q1 revenue down $2.4M, largely driven by Revera’s 150,000 sale of its 30 Class C LTC homes (9 to Extendicare and 21 125,000 to a
Slide 11: Inaugural $450M Senior Unsecured Note Offering
Inaugural $450M Senior Unsecured Note Offering CBI Acquisition provided the catalyst to issue BBB stable senior unsecured notes Issued $450M Senior Unsecured Notes Closed CBI Acquisition (Morningstar DBRS: BBB stable) (April 1, 2026) (April 14, 2026) Source and Use (in millions) Source and Use (in m
Slide 12: Strong liquidity and credit metrics
Strong liquidity and credit metrics ~$211M of available liquidity pro forma CBI acquisition and senior unsecured note offering Debt Metrics(1) 10.6x 10.0x As at March 31, 2026 38.6% 37.0% 7.9x 7.4x 31.4% Available 26.0% 25.5% Long-term Cash Revolving debt(1) 4.2x4.0x Facility 2.6x 2.3x 2.1x 1.9x Rep
Slide 13: Meeting the needs of a growing demographic
Meeting the needs of a growing demographic Continued demand for long-term care and home health care Building new LTC homes to address the rising demand for long-term care Canadian population aged 85+ 3x • Seniors aged 85+ increasing at ~4% per year(1) 3.0 • LTC waitlist of more than 50,000(2) in Ont
Slide 14: Appendix
o/s new photos Q4-25 deck Appendix
Slide 15: Services-focused growth
Services-focused growth Services represent ~56% of adjusted NOI on a TTM Q1 2026 Direct care for seniors NOI contribution by segment(1) Home health care Long-term care TTM Q1 2026 Adjusted NOI(1) $244.5M Managed 14.5M Home 59 Home health care services 14.7% health care Long-term care $100.9M 41.3% $
Slide 16: Adjustments to revenue, NOI, EBITDA and AFFO
Adjustments to revenue, NOI, EBITDA and AFFO Three and twelve months ended March 31, 2026 • Q1 2026 results impacted by out-of-period funding and costs o LTC recognized $7.9M of out-of-period funding Impact of out-of-period items on Revenue, NOI, Adjusted o Home health care recognized $1.7M of retro
Slide 17: Adjusted NOI by division
Adjusted NOI by division(1) Three months ended March 31, 2026 Long-term care NOI and margin(1) Home health care NOI and margin(1) Q1 Q1 Q1 Q1 2026 2025 Change 2026 2025 Change $24.3M $18.5M +31.4% $27.1M $15.2M +78.9% 10.3% 9.4% +90 bps 13.3% 10.3% +300 bps Average occupancy Average daily volume 97.
Slide 18: Helping people live better
Helping people live better