Extendicare Inc. · TSX:EXE
Extendicare — Shareholder Meeting (May 2025)
27 slides from Extendicare's shareholder meeting presentation, May 27, 2025
Slide 1: Extendicare Inc. 2025 Annual and Special Meeting of Shareholders
o/s new picture Extendicare Inc. 2025 Annual and Special Meeting of Shareholders May 27, 2025
Slide 2: Forward-looking statements
Forward-looking statements This presentation contains forward-looking Forward-looking statements can often be identified For further information on the risks, uncertainties statements within the meaning of applicable by the expressions “anticipate”, “believe”, and assumptions that could cause Extend
Slide 3: 2025 Annual and Special Meeting of Shareholders
2025 Annual and Special Meeting of Shareholders Alan Torrie Chair of the Board of Directors 3
Slide 4: 2024 Annual financial statements
2024 Annual financial statements • The Financial Statements and Auditors’ Report for the year ended December 31, 2024, are contained in the Company’s 2024 Annual Report. • The Financial Statements have been approved by the Board of Directors and are available on the Company's website. 4
Slide 5: Appointment of auditors
Appointment of auditors MOTION “RESOLVED THAT: KPMG LLP be appointed Auditors of the Company, to hold office until the close of the next annual meeting of shareholders at such remuneration as shall be fixed by the Board of Directors.” 5
Slide 6: Director nominees
Director nominees Alan Norma Donald Torrie Beauchamp Clow Michael Sandra Brent Guerriere Hanington Houlden Heather-Anne Donna Samir Irwin Kingelin Manji 6
Slide 7: Election of nine directors
Election of nine directors MOTION “RESOLVED THAT: Norma Beauchamp, Donald Clow, Michael Guerriere, Sandra Hanington, Brent Houlden, Heather-Anne Irwin, Donna Kingelin, Samir Manji, and Alan Torrie, be elected as Directors of the Company to hold office until the next annual meeting of shareholders or
Slide 8: Long-term incentive plan ("LTIP")
Long-term incentive plan (“LTIP”) MOTION “RESOLVED, as an ordinary resolution of the shareholders of the Company, that: 1) all unallocated awards under the LTIP are hereby authorized and approved; 2) the Company shall have the ability to continue granting awards under the LTIP until May 27, 2028, be
Slide 9: Say on pay
Say on pay MOTION “RESOLVED THAT: on an advisory basis and not to diminish the role and responsibilities of the Board of Directors, that the Shareholders accept the approach to executive compensation disclosed in the Information Circular delivered in advance of the 2025 annual and special meeting of
Slide 10: Preliminary voting results; conclusion of formal business
2025 Annual and Special Meeting of Shareholders Preliminary voting results Conclusion of formal business and termination of meeting 10
Slide 11: Helping people live better
Helping people live better • Shift to services focus strengthens ability to address gaps in seniors’ care • New business model delivers enhanced shareholder value • Our mission, vision, and values guide us to deliver quality care and support communities • Investments made in employee well-being and
Slide 12: Dr. Michael Guerriere, President and CEO
2025 Annual and Special Meeting of Shareholders Dr. Michael Guerriere President and CEO 12
Slide 13: Our Mission
Our Mission To provide people with the care they need, wherever they call home. 13
Slide 14: Our Mission, Vision and Values
Our Mission, Vision and Values 14
Slide 15: Our Vision
Our Vision Everyone in Canada has access to the care and support they need to live their best lives. 15
Slide 16: Meeting the needs of a growing demographic
Meeting the needs of a growing demographic The number of Canadians aged 85+ will Building new LTC homes to address the double by 2036 and triple by 2051 rising demand for long-term care Canadian Population 85+ 3x • Seniors aged 85+ increasing at ~4% per year(1) 3.0 • LTC waitlist of more than 48,000
Slide 17: Ontario LTC beds per 1,000 people aged 75+
Ontario LTC beds per 1,000 people aged 75+ • From 1996 to 2006, over 23,000 LTC beds LTC beds in Ontario per 1000 people over 75 were added in Ontario, raising the ratio to 100 a high of 99 beds per 1,000 Ontarians 75+ 99 99 LTC beds per 1,000 Ontarians aged 75+ 96 90 93 94 93 94 94 94 92 92 90 90 9
Slide 18: Driving record growth in home health care
Driving record growth in home health care • Delivered ~11M hours of care in 2024 • Continued volume growth of 8.9% in Q1 2025 compared to Q1 2024 • Recent rate increases support wage growth and investment • Technology investments enhance efficiency and widen margins 18
Slide 19: Forward momentum in managed services
Forward momentum in managed services • Strategic transactions continue to drive strong growth • Following acquisition of nine Revera homes, Extendicare Assist will manage 42 homes (28 within the joint venture) • Redevelopment pipeline contributes to financial results and future growth • Strong organ
Slide 20: SGP supports communities nationwide
SGP supports communities nationwide Serving ~148,000 3rd party & JV beds Key contract categories ADMIN CLINICAL FOOD HOUSEKEEPING SERVICES & LAUNDRY 191 179 29,953 19,391 2,351 33,805 RECREATION MAINTENANCE CAPITAL, INNOVATION 4,449 & THERAPY FURNITURE, TECHNOLOGY FIXTURES & 57,129 543 EQUIPMENT 218
Slide 21: Owned LTC homes achieve margin stability
Owned LTC homes achieve margin stability • Improved margins through enhanced funding support, improved occupancy and normalized costs • Redevelopment leverages JV to recycle capital • Increased staff-to-resident ratios and invested in more training • Technology investments improve efficiency and red
Slide 22: Disciplined capital allocation driving shareholder value
Disciplined capital allocation driving shareholder value • Enhanced financial flexibility through new debt facility, retirement of convertible debentures, and recycling capital from old homes, supported by increasing cash flow from operations • Increased dividend by 5%, underpinned by low payout rat
Slide 23: Exceptional team driving our mission forward
Exceptional team driving our mission forward • Dedicated team of 24,000 staff delivering high-quality, compassionate care • Workforce development and training improves retention and supports growing demand • Talented senior leadership team successfully executed strategic transformation • Supported b
Slide 24: Extendicare named to the 2025 Globe and Mail Women Lead Here list
Extendicare named to the 2025 Globe and Mail Women Lead Here list 24
Slide 25: Thank you to our shareholders and partners
Thank you to our shareholders and partners • Our shareholders and strategic partners provide indispensable engagement and ongoing support • Together, we remain committed to our mission of Helping People Live Better 25
Slide 26: Questions
2025 Annual and Special Meeting of Shareholders Questions Shareholders and duly appointed proxyholders may ask questions 26
Slide 27: Extendicare ParaMed Extendicare SGP Extendicare Assist
Extendicare ParaMed Extendicare SGP resenane® ASSIST