Concentra Group Holdings Parent, Inc. · NYSE:CON

Concentra Group Holdings Parent — Q4 2025 Earnings Presentation

13 slides from Concentra Group Holdings Parent's earnings presentation, Jan 28, 2026

  1. Slide 1: Investor Presentation

    Investor Presentation ▪ 4th Quarter and Year-End 2025 Preliminary Results ▪ 2026 Guidance January 28, 2026 ©2025 Concentra Inc. All rights reserved.

  2. Slide 2: Disclaimer

    Disclaimer Forward-Looking Statements This presentation contains forward-looking statements that express Concentra Group Holdings Parent, Inc.'s ("Concentra," the "Company," "we" or "our") current opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events

  3. Slide 3: Concentra At-a-Glance

    Concentra At-a-Glance Concentra is the largest provider of occupational health services in the United States by number of locations1, with a mission of improving the health of America’s workforce, one patient at a time KEY STATISTICS ROBUST FINANCIALS 628 411 $2.2bn $432mm Occupational health Onsite

  4. Slide 4: Q4 2025 Performance

    Q4 2025 Performance Q4 2025 Q4 2024 YoY (∆) Commentary Facility Count (end of period) Occupational Health Centers 628 552 +76 Due to Nova acquisition, bolt-on M&A and de novos Onsite Health Clinics 411 157 +254 Due to Pivot Onsite Innovations acquisition (240+) KPIs Visits per Day (“VPD”) 51.0k 46.8

  5. Slide 5: FY 2025 Performance

    FY 2025 Performance FY 2025 FY 2024 YoY (∆) Commentary Facility Count (end of period) Occupational Health Centers 628 552 +76 Due to Nova acquisition, bolt-on M&A and de novos Onsite Health Clinics 411 157 +254 Due to Pivot Onsite Innovations acquisition (240+) KPIs Visits per Day (“VPD”) 53.1k 49.3

  6. Slide 6: Balance Sheet & Capital Allocation Strategy

    Balance Sheet & Capital Allocation Strategy Continued focus on de-levering for 2026, with strong cash flow also supporting capital deployment to other attractive strategies Capital Allocation Strategy Net Leverage Liquidity (Net leverage as multiple of Adj. EBITDA1, calculation per credit agreement)

  7. Slide 7: 2026 Full-Year Guidance

    2026 Full-Year Guidance FY 2025 Preliminary FY 2026 Guidance Guidance Assumptions Total Revenue $2,163.4mm $2,250mm – $2,350mm ▪ Organic Volume: Low single-digit visit growth (ex-Nova) ▪ Rate: ~3% rate growth Adjusted EBITDA1 $431.9mm $450mm – $470mm ▪ Semi-Organic Growth: Includes planned de novo o

  8. Slide 8: Improving the health of America’s workforce, one patient at a time.

    Improving the health of America’s workforce, one patient at a time. ©2025 Concentra Inc. All rights reserved.

  9. Slide 9: Appendix

    Appendix ©2026 Concentra Inc. All rights reserved.

  10. Slide 10: Reconciliation of Net Income to Adjusted EBITDA

    Reconciliation of Net Income to Adjusted EBITDA Three Months Ended Dec. 31, Twelve Months Ended Dec. 31, ($ in thousands) 2025 2024 2025 2024 Revenue $539,080 $465,041 $2,163,417 $1,900,192 Net Income $36,191 $22,800 $172,849 $171,897 Income Tax Expense 6,602 9,848 50,978 59,496 Interest Expense (In

  11. Slide 11: Reconciliation of 2026 Adjusted EBITDA Guidance

    Reconciliation of 2026 Adjusted EBITDA Guidance Range ($ in millions) Low High Net Income Attributable to the Company $176 $191 Net Income Attributable to Non-Controlling Interests 6 6 Net Income $182 $197 Income Tax Expense 61 66 Interest Expense 105 105 Income from Operations $348 $368 Stock Compe

  12. Slide 12: Reconciliation to Free Cash Flow

    Reconciliation to Free Cash Flow 2026 Guidance ($ in millions) TTM Dec. 31, 2025 Low High Net Cash Provided by Operating Activities $279 $280 $295 Net Cash Used in Investing Activities $(415) $(84) $(74) Business Combinations, Net of Cash Acquired $333 $4 $4 Free Cash Flow $198 $200 $225 Net Income

  13. Slide 13: Reconciliation to Return on Invested Capital (ROIC)

    Reconciliation to Return on Invested Capital (ROIC) ($ in millions) TTM Dec. 31, 2025 Operating Income $334 (x) 1-Effective Tax Rate1 76% (i) NOPAT $253 Starting Debt $1,479 Ending Debt $1,574 (a) Average Debt $1,527 Starting Equity (BV) $281 Ending Equity (BV) $401 (b) Average Equity (BV) $341 Star

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