Community Health Systems, Inc. · NYSE:CYH
Community Health Systems — Q1 2025 Earnings Presentation
15 slides from Community Health Systems's earnings presentation, Apr 24, 2025
Slide 1: Earnings Presentation – 1st Quarter, 2025
Earnings Presentation – 1st Quarter, 2025 April 23, 2025
Slide 2: Disclaimer Statement
Disclaimer Statement This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995 that involve risk and unce
Slide 3: Community Health Systems
Community Health Systems Earnings Presentation – 1st Quarter, 2025 3
Slide 4: Income Summary
Income Summary (Amounts in millions, except margin and per share amounts) By The Numbers Three Months Ended March 31, 2025 2024 Change Net Operating Revenues $ 3,159 $ 3,140 0.6% Adjusted EBITDA(1) $ 376 $ 378 -0.5% Adjusted EBITDA Margin (1) 11.9% 12.0% -10 BPS Net Loss per Share, $ (0.03) $ (0.14)
Slide 5: Diluted EPS – Excluding Adjustments
Diluted EPS – Excluding Adjustments By The Numbers Three Months Ended March 31, 2025 2024 Net loss, as reported $ (0.10) $ (0.32) Adjustments: Impairment and (gain) loss on sale of businesses, net 0.02 0.10 Expense from business transformation costs 0.05 0.08 Net loss, excluding adjustments $ (0.03)
Slide 6: 1Q 2025 Summary
1Q 2025 Summary 1Q 2025 compared to 1Q 2024 Consolidated Same Store Net Operating Revenue 0.6% 3.1% Net Revenue per AA 0.5% Admissions -1.0% 4.0% Adjusted Admissions -2.3% 2.6% Surgeries -6.6% -3.0% ER Visits -2.0% 2.4% 6
Slide 7: Payor Mix (Consolidated)
Payor Mix (Consolidated) Key Managed Care & Other Medicaid Medicare Managed Care 15.1% 14.1% Medicare 19.1% 18.4% Self-Pay 1Q 1Q • Payor mix as % of net revenue. 2025 18.7% 2024 19.0% 46.5% 47.1% • Total consolidated uncompensated care as % of 0.6% 1.4% adjusted net revenue (net revenue before provi
Slide 8: Cash Flow & Capital Expenditures
Cash Flow & Capital Expenditures Cash Flows from Operations Capital Expenditures ($ in millions) By The Numbers ($ in millions) $500 $480 $ 500 $467 $415 $400 $ 400 $360 $300 $300 $ 300 $210 $200 $ 200 $120 $96 $93 $85 $100 $ 100 $0 $0 2022 2023 2024 1Q24 1Q25 CapEx % of Net Revenue 3.4% 3.7% 2.8% 3
Slide 9: Balance Sheet Data
Balance Sheet Data By The Numbers ($ in millions) March 31, 2025 December 31, 2024 Working Capital $ 1,037 $ 956 Total Assets $ 13,890 $ 14,054 Total Debt $ 11,332 $ 11,452 Stockholders’ Deficit $ (1,923) $ (1,914) • At March 31, 2025, substantially all of our debt was fixed rate debt. • Days revenu
Slide 10: Debt Maturity Profile
Debt Maturity Profile March 31, 2025 Pro Forma ($ in millions) ($ in millions) $ 3,000 By The Numbers $ 3,000 $1,227 $1,227 $ 2,000 $ 2,000 $2,457 $1,244 $1,244 $2,225 $2,225 $ 1,000 $ 1,000 $1,757 $1,535 $1,535 $1,058 $1,058 $626 $644 $644 $700 $0 $0 2025 2026 2027 2028 2029 2030 2031 2032 2025 202
Slide 11: 2025 Guidance Provided February 18, 2025
2025 Guidance Provided February 18, 2025 2025 By The Numbers Projection Range • Net operating revenues (in millions) $12,200 to $12,600 • Adjusted EBITDA (in millions) $1,450 to $1,600 • Depreciation and amortization as a percentage of net operating revenues 3.5% • Net loss per share – diluted $(0.5
Slide 12: Medium-Term Financial Goals
Medium-Term Financial Goals Medium-Term By The Numbers Within 2-4 Years Net Revenue Growth Mid-Single Digit Adjusted EBITDA Margin Mid-Teens Annual Free Cash Flow Positive Financial Leverage (Net Debt / EBITDA) Below 5.5x Financial and operational goals focused on improving EBITDA margin and free ca
Slide 13: APPENDIX: Other Financial Information
APPENDIX: Other Financial Information
Slide 14: Unaudited Supplemental Information
Unaudited Supplemental Information By The Numbers EBITDA is a non-GAAP financial measure which consists of net loss attributable to Community Health Systems, Inc. before interest, income taxes, and depreciation and amortization. Adjusted EBITDA, also a non-GAAP financial measure, is EBITDA adjusted
Slide 15: Unaudited Supplemental Information
Unaudited Supplemental Information The following table reflects the reconciliation of Adjusted EBITDA, as defined, to net loss attributable to Community Health Systems, Inc. By The Numbers stockholders from our condensed consolidated financial statements (in millions): Three Months Ended March 31, 2
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