Privia Health Group, Inc. · NASDAQ:PRVA
Privia Health — Q2 2024 Earnings Presentation
15 slides from Privia Health's earnings presentation, Aug 8, 2024
Slide 1: 2nd Quarter 2024 Results
2nd Quarter 2024 Results August 8, 2024 Parth Mehrotra – Chief Executive Officer David Mountcastle – Chief Financial Officer 1
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements This presentation contains forward-looking statements that express the Company’s opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results that include, but are not limited to: 2024 financial guidanc
Slide 3: Agenda
Agenda ● Key Highlights ● Business Update ● 2Q and 1H’24 Performance ● Updated 2024 Outlook ● Q&A 3
Slide 4: Key Highlights
Key Highlights • Strong execution across all business metrics • Continued strength in same-store growth and new provider additions, +16.4% versus 2Q’23 • Practice Collections of $728.0M, +4.0% versus 2Q’23 • Adjusted EBITDA of $22.0M, +14.0% versus 2Q’23 • Strong sales and business development pipel
Slide 5: Building One of the Largest Primary Care-Centric Delivery Networks
Building One of the Largest Primary Care-Centric Delivery Networks Washington Montana 13 1,140+ 4,504 States Care Center Implemented Connecticut (plus D.C.) Locations Providers (Excludes Privia California Care Partners’ providers) Ohio Mid-Atlantic North Carolina 50+ 5.0M+ 1.2M Tennessee Specialties
Slide 6: Diversified Value-Based Platform Across Reimbursement Models
Diversified Value-Based Platform Across Reimbursement Models 1 1.2 Million 100+ Total Attributed Lives VBC Contracts 741K 459K Commercial Government • 62% Upside Only Lives Lives • 38% Upside / Downside 191K 180K 88K Medicare MSSP Medicaid Advantage Lives Lives Lives • 76% in Enhanced Track • 77% Up
Slide 7: 2Q'24 Performance
2Q’24 Performance 1 Implemented Providers (as of end of period) Attributed Lives (‘000s, as of end of period)1 Practice Collections ($mm) +16.4% +10.7% +4.0% Care Margin ($mm) Platform Contribution ($mm) Adjusted EBITDA ($mm) +8.9% +6.2% +14.0% % Practice Collections 6.4% 6.5% % Practice Collections
Slide 8: Six-month Performance
Six-month Performance 1 Practice Collections ($B) Care Margin ($mm) +5.7% +10.8% Platform Contribution ($mm) Adjusted EBITDA ($mm) +7.1% +15.9% % Practice Collections 6.3% 6.4% % Practice Collections 2.7% 2.9% % Care Margin 49.0% 47.3% % Care Margin 20.6% 21.5% 1 Solid bar represents government live
Slide 9: Updated FY'24 Guidance: August 8, 2024
Updated FY’24 Guidance: August 8, 2024 1 Initial FY’24 Guidance Current FY’24 ($ in millions) at 2.27.24 Guidance Low High Implemented Providers 4,650 4,750 Mid to High End Attributed Lives 1,150,000 1,200,000 High End Practice Collections $ 2,775 $ 2,875 Mid to High End GAAP Revenue $ 1,600 $ 1,675
Slide 10: Appendix
C SPRIV \ee/ Wee. APPENDIX
Slide 11: Reconciliation of Gross Profit to Care Margin
Reconciliation of Gross Profit to Care Margin l 11
Slide 12: Reconciliation of Gross Profit to Platform Contribution
Reconciliation of Gross Profit to Platform Contribution m 12
Slide 13: Reconciliation of Net Income to Adjusted EBITDA
Reconciliation of Net Income to Adjusted EBITDA n 13
Slide 14: Reconciliation of Net Income to Adjusted Net Income Per Share
Reconciliation of Net Income to Adjusted Net Income Per Share o 14
Slide 15: Thank You
Thank You PriviaHealth.com Contact: Robert P. Borchert SVP, Investor & Corporate Communications robert.borchert@priviahealth.com Phone: 817.783.4841 15