Slide 1: Q4 and Full Year 2021 Results
Q4 and Full Year 2021 Results Nasdaq Global Market: MTBC, MTBCP, MTBCO 0
Slide 2: Safe Harbor Statements
Safe Harbor Statements This presentation contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements relate to anticipated future events, future results of operations or future financial performan
Slide 3: Hosts for CareCloud Fourth Quarter 2021 Earnings Call
Hosts for CareCloud Fourth Quarter 2021 Earnings Call Mahmud Haq Executive Chairman A. Hadi Chaudhry CEO and President Bill Korn Chief Financial Officer Kim Blanche General Counsel 2
Slide 4: Hadi Chaudhry
Hadi Chaudhry CEO and President 3
Slide 5: A Comprehensive Suite of Cloud-Based Solutions and Business Services
A Comprehensive Suite of Cloud-Based Solutions and Business Services Practice Management Electronic Health Patient Experience Customized Cloud Software Records Management Applications Cloud-based Software Technology-enabled Revenue Cycle Management Medical Provider and Back-office Services Credentia
Slide 6: Enabling a Broad Spectrum of Clients and Partners
Enabling a Broad Spectrum of Clients and Partners Medical Hospitals & Groups Enterprise Health Healthcare Systems Organizations Small Medical Ancillary Care Healthcare Service Practices Providers Emerging Healthcare Organizations Business Models HIT Vendors Laboratories Specialty-focused Government
Slide 7: A Multi-faceted Growth Strategy
A Multi-faceted Growth Strategy Organic Growth Acquisitions Partnerships Focused effort on growing market share Acquire revenue cycle management Turn smaller competitors into customers by bringing on net new customers (“RCM”) companies and complementary businesses Leverage CareCloud’s technology Ded
Slide 8: What Makes Our Business Compelling
What Makes Our Business Compelling Business Model Combination of software and services offerings Larger ACV per customer Customers switching costs are considerable Higher client retention Employed global workforce Favorable cost basis and capabilities for operational scale Disciplined operating meth
Slide 9: Bill Korn
Bill Korn Chief Financial Officer 8
Slide 10: Technology-Enabled Business Solutions
Technology-Enabled Business Solutions ($ in millions) 2021 revenue from clients utilizing: FY 2021 Revenues Core technology 83% components Technology-driven 1 or more technology business solutions components 49% Professional IT $12 Medical practice services management $115 Pure revenue cycle $13 man
Slide 11: 2021 Highlights
2021 Highlights Revenue Net (loss) income Adjusted EBITDA Adjusted net income +33% +$11.6 +103% +119% 25 .0 0 20 .0 0 1 4% 160 .0 4.0 0 0% $18.5 $2.8 $22.1 140 .0 $139.6 -1 % 18 .0 0 1 2% 2.0 0 20 .0 0 16 .0 0 -2 % 120 .0 1 0% - $105.1 -3 % 14 .0 0 100 .0 15 .0 0 12 .0 0 (2.0 0 ) 8% -4 % 80.00 $10.9
Slide 12: Q4 2021 Highlights
Q4 2021 Highlights Revenue Adjusted EBITDA Adjusted net income Net income +7% +$0.1 +17% +$3.3 7.0 0 1 6% 7.0 0 1 8% 40.00 $37.5 4.0 0 1 0% $6.1 $3.5 9% 1 6% 35.00 $5.7 6.0 0 $32.0 3.5 0 6.0 0 $5.0 1 8% $4.9 8% 1 5% 30.00 3.0 0 5.0 0 5.0 0 7% 1 5% 25.00 2.5 0 1 7% 6% 4.0 0 4.0 0 1 4% 20.00 2.0 0 5%
Slide 13: Revenue Growth 2017 – 2021 plus 2022 Guidance
Revenue Growth 2017 – 2021 plus 2022 Guidance $152-155 ($ in millions) $139.6 Range $105.1 Guidance Actual $64.4 $50.5 $31.8 2017 2018 2019 2020 2021 2022 Investors are cautioned that such statements involve risks and uncertainties Guidance 12 that could cause actual results to differ materially fro
Slide 14: Adjusted EBITDA Growth 2017 – 2021 plus 2022 Guidance
Adjusted EBITDA Growth 2017 – 2021 plus 2022 Guidance 29.00 $24-26 ($ in millions) 24.00 $22.1 Range Guidance 19.00 Actual 14.00 $10.9 9. 0 $8.1 $4.8 $2.3 4. 0 ( 1.00) 2017 2018 2019 2020 2021 2022 Investors are cautioned that such statements involve risks and uncertainties Guidance 13 that could ca
Slide 15: Capitalization as of March 1, 2022
Capitalization as of March 1, 2022 Series A Series B CareCloud Enterprise Value Common Stock $ Millions Preferred Stock Preferred Stock $250 $143 $8.4 $10.3 $221 Exchange / Nasdaq: MTBC Nasdaq: MTBCP Nasdaq: MTBCO Ticker Stock Price (1) $5.34 $25.33 $25.45 $200 Outstanding 15.0 million 4.5 million (
Slide 16: Thank you!
Thank you! Corporate Website www.carecloud.com Investor Relations ir.carecloud.com Investor Inquiries Bill Korn, CFO bkorn@carecloud.com Gene Mannheimer, Westwicke CareCloudIR@westwicke.com (410) 753-2640 (formerly MTBC, Inc.) 15
Slide 17: Appendix
CoreCloud™ Appendix
Slide 18: Non-GAAP Financial Measures Reconciliation
Non-GAAP Financial Measures Reconciliation ($000s) Adjusted EBITDA 2017 2018 2019 2020 2021 Q4 2020 Q4 2021 Net (loss) income $ (5,565) $ (2,138) $ (872) $ (8,813) $ 2,836 $ 155 $ 3,522 Provision (benefit) for income taxes 68 (157) 193 103 157 85 177 Net interest expense 1,307 250 121 446 440 94 176