Carecloud, Inc. · NASDAQ:CCLD
Carecloud — MTBC — Q1 2020 Earnings Presentation
13 slides from Carecloud's earnings presentation, 2020
Slide 1: Q1 2020 Results
NASDAQ Global Market: MTBC, MTBCP Q1 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 First Quarter 2020 Earnings Call
Hosts for MTBC First Quarter 2020 Earnings Call Mahmud Haq Executive Chairman Stephen Snyder Chief Executive Officer A. Hadi Chaudhry President Bill Korn Chief Financial Officer Kim Grant General Counsel Juan Molina President – CareCloud Karl Johnson President – MTBC Force 2
Slide 4: Revenue Growth: 2013 – 2019 plus 2020 Guidance
Revenue Growth: 2013 – 2019 plus 2020 Guidance ($ in millions) $1 20 $100-102 $1 00 Range 55% - 58% Growth $8 0 Guidance 2019 – 2020: $64.4 $6 0 $50.5 Actual 3 month $4 0 $31.8 $23.1 $24.5 Actual $2 0 $18.3 $10.5 Q1 2019 – Q1 2020: 45% Growth $0 2013 2014 2015 2016 2017 2018 2019 2020 IPO Guidance I
Slide 5: Adjusted EBITDA: 2013 – 2019 plus 2020 Guidance
Adjusted EBITDA: 2013 – 2019 plus 2020 Guidance ($ in millions) $12-13 Range 48% - 60% Growth Guidance $8.1 2019 – 2020: Actual $4.8 3 month Actual $2.3 $1.1 ($0.7) ($0.6) ($1.7) 2013 2014 2015 2016 2017 2018 2019 2020 IPO Guidance Investors are cautioned that such statements involve risks and uncer
Slide 6: Q1 2020 Highlights
Q1 2020 Highlights Revenue Net loss Adjusted net income Adjusted EBITDA +45% - $2.2 M - 72% - 51% - 0% 1.80 9% 25.00 1.80 12 % $21.9 $1.6 ($0.3) 1.60 8% 1.60 -2% (0 .5 0) 10 % 20.00 1.40 7% $1.3 1.40 (2%) (11%) -4% margin margin $15.1 (1 . 0) 1.20 6% 1.20 8% 15.00 -6% 1.00 5% 1.00 (1 .5 0) 6% -8% 0.
Slide 7: Proven and Repeatable Acquisition Integration Expertise
Proven and Repeatable Acquisition Integration Expertise • We reduced CareCloud’s operating expenses by 30% In Q1, and expect October 2016 July 2018 April 2019 January 2020 reductions in the next 3 quarters, similar to prior acquisitions Acquisition Expense Reductions • Standard procedure: 100% – Use
Slide 8: Revenue Growth: 2020 Guidance
Revenue Growth: 2020 Guidance ($ in millions) Assumptions: $1 20 • Revenue will decline sequentially in Q2 based $100-102 on lower patient visits nationwide $1 00 Range • We assume easing restrictions will have no 55% - 58% Growth impact on Q2 revenue, but that visits return to Guidance normal in Q3
Slide 9: Adjusted EBITDA: 2020 Guidance
Adjusted EBITDA: 2020 Guidance ($ in millions) Assumptions: • Q2 adjusted EBITDA: $12-13 • Benefit of CareCloud cost reductions offset by Range lower patient visits due to impact of Covid-19 • Decision not to pause R&D or sales & marketing 48% - 60% Growth Guidance activities means Q2 will probably
Slide 10: Independent Members of MTBC’s Board of Directors
Independent Members of MTBC’s Board of Directors Board member of Pitney Bowes Inc. (NYSE: Sr. Advisor, Agora Strategy Group AG PBI), Intercontinental Hotels Group plc (LSE: (Berlin) IHG) and Provista Diagnostics, Inc. Former U.S. Ambassador to Pakistan Former President of American Express In
Slide 11: 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 10
Slide 12: Appendix
Appendix
Slide 13: Non-GAAP Financial Measures Reconciliation
Non-GAAP Financial Measures Reconciliation ($000s) ADJUSTED EBITDA 2014 2015 2016 2017 2018 2019 Q1 2019 Q1 2020 Net (loss) income $ (4,509) $ (4,688) $ (8,797) $ (5,565) $ (2,138) $ (872) $ (296) $ (2,502) Provision (benefit) for income taxes 176 138 197 68 (157) 193 (41) 30 Net interest expense 15