Carecloud, Inc. · NASDAQ:CCLD
Carecloud — Medical Transcription Billing — IPO Roadshow (September 2015)
26 slides from Carecloud's IPO roadshow presentation, Sep 9, 2015
Slide 1: Corporate Presentation – September 2015
0 Medical Transcription Billing, Corp. June 2015 Medical Transcription Billing, Corp. (NASDAQ: MTBC) Corporate Presentation – September 2015 Issuer Free Writing Prospectus Filed Pursuant to Rule 433 Registration No. 333 - 205664 September 4, 2015
Slide 2: Statement about Free Writing Prospectus
1 This free writing prospectus relates to the proposed public offering of Series A Preferred Stock of Medical Transcription Billing, Corp . (the “Company”), which is being registered on a Registration Statement on Form S - 1 (No . 333 - 205664 ) (the “Registration Statement”) . This free writing pro
Slide 3: Forward-Looking Statements
2 Forward - Looking 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 - lo
Slide 4: Transaction Overview
3 Transaction Overview Issuer Medical Transcription Billing, Corp. Exchange: Symbol NASDAQ: MTBCP (1) Shares offered 11% Series A Cumulative Redeemable Perpetual Preferred Stock (2) Par Value $25.00 per share Offering Size $15,000,000 Over - Allotment Option 15% Use of Proceeds Acquisitions and orga
Slide 5: MTBC Highlights
4 Healthcare information technology company Scalable, cost - efficient business model with p redictable recurring revenue ▪ Cloud - based software ▪ Educated, low - cost offshore labor force with 1,800 employees ▪ 95% of revenue visibility at the beginning of each quarter Highly experienced manageme
Slide 6: MTBC Overview
5 MTBC is a healthcare information technology company that provides a fully integrated suite of proprietary web - based solutions, together with related business services, to healthcare providers. MTBC Overview Revenue Cycle Management Mobile Health Electronic Health Records Practice Management Inte
Slide 7: Experienced Leadership Team
6 Experienced Leadership Team Mahmud Haq – CEO and Chairman of the Board ▪ Former CEO of Compass International Services Corporation ( Nasdaq:CMPS ). Completed 14 acquisitions in 18 months during 1998 – 1999, growing revenue from $87 million at the time of IPO to a run rate of ~$180 million at the ti
Slide 8: Distinguished Board of Directors
7 Howard Clark Jr. ▪ Former CFO of American Express Company (NYSE:AXP) ▪ Former CEO, Chairman and Vice Chairman of Shearson Lehman and Vice Chairman of Barclays Capital Anne Busquet ▪ Board member of Pitney Bowes Inc. (NYSE:PBI), Intercontinental Hotels Group plc (LSE:IHG) and Provista Diagnostics,
Slide 9: Market Opportunity
8 Mobile Health Electronic Health Record Practice Management Revenue Cycle Management 1 - 10 > 11 70% of physicians 30% of physicians Nasdaq : MTBC Market Opportunity ▪ 70 % of the 500K+ ambulatory physicians practice are in MTBC’s target market: 1 – 10 physicians Market opportunity: $13 billion Lar
Slide 10: MTBC's Competitive Advantage
9 ▪ ~1,800 employees in Pakistan, with 200 dedicated technology professionals ▪ English - speaking, college educated ▪ ISO 27001 certified / HIPAA compliant ▪ Redundant backup facility four hours away ▪ Nominated for 2015 U.S. Secretary of Secretary's Award for Corporate Excellence MTBC’s Competitiv
Slide 11: Growth Strategy: Acquisition
10 Leverage lower costs into EBITDA growth Migrate customers to MTBC platform Acquire ambulatory RCM companies Market Opportunity ▪ Large market with over 1,500 RCM providers ▪ Highly fragmented with no single provider over 5% market share Potential customer acquisition models ▪ Seller financing ▪ A
Slide 12: Growth Strategy: Organic
11 Growth Strategy: Organic ▪ Integration between partner’s EHR and MTBC’s RCM/PM ▪ Partner promotes MTBC and provides qualified leads ▪ Integration between partner’s EHR and MTBC’s RCM ▪ Partner promotes MTBC and provides qualified leads ▪ Interfaces to 350 EHR systems ▪ Integration X - link and MT
Slide 13: MTBC Integrated Solutions
12 MTBC Integrated Solutions ▪ Automates the labor - intensive workflow of medical offices in a unified and streamlined platform. • Online p atient scheduling, automated reminders • Real time insurance eligibility and deductible details ▪ Enter and view patient information online, avoiding the need
Slide 14: Industry Drivers
13 Industry Drivers MTBC’s technology offers healthcare providers a cost - effective, single - sourced vendor to meet the requirements of a changing regulatory landscape while simultaneously lowering costs Affordable Care Act ICD - 9 to ICD - 10 Conversion EHR Meaningful Use ▪ Creates unprecedented
Slide 15: mHealth
14 mHealth
Slide 16: Electronic Health Record
15 Electronic Health Record
Slide 17: Practice Management System Aging Widget
16 Practice Management System Aging Widget
Slide 18: Business Intelligence
17 Business Intelligence
Slide 19: MTBC Financial Snapshot
18 Quarterly Adjusted EBITDA Annual Revenue MTBC Financial Snapshot 2015 Forward Looking Guidance ▪ Revenue: $24 – $25 million ▪ Adjusted EBITDA: breakeven $10 $18 $25 $5 $15 $25 2013 2014 LTM as of June 2015 ($0.8) ($0.9) ($0.7) ($0.1) ($1.0) ($0.5) $0.0 $0.5 $1.0 Q3 2014 Q4 2014 Q1 2015 Q2 2015 (i
Slide 20: Revenue Model
19 ▪ MTBC’s pricing is among the most competitive in the industry ▪ Aligns MTBC with financial goals of our customers ▪ One to three year contracts, with auto - renewal ▪ Includes our integrated mHealth, EHR, practice management solution and revenue cycle management ▪ Optional chargeable services in
Slide 21: Integration Progress
20 Integration Progress ▪ As part of the IPO, MTBC acquired 3 companies on July 28, 2014 ▪ Doubled Pakistan workforce to accommodate workload from acquisitions ▪ Eliminated need for 450 subcontractors in India by Jan 2015 (double the cost of Pakistan employees) ▪ Lease costs reduced by more than 65%
Slide 22: Revenue Trends
21 $5.2 $12.1 - $5 $10 $15 1H 2014 (1) 1H 2015 (3) NOTES: 1) 2013 and 1H 2014 revenues reflect MTBC prior to the 3 acquisitions at the time of the IPO 2) 2014 revenue includes the 3 acquired businesses from July 28 – December 31, 2014 3) LTM 2015 revenue covers July 1, 2014 – June 30, 2015, and incl
Slide 23: EBITDA Trends
22 EBITDA Trends Adjusted EBITDA (all $ in millions) 2009 - 2012 MTBC 2013 MTBC (Pre - Acquisitions) Target Margin (Post - Integration) Adjusted EBITDA Margin 7 – 12% 11% 30% ▪ Because we added staff offshore in advance of reducing staff onshore, there were necessary duplicate expenses post - IPO in
Slide 24: Use of Proceeds
23 Use of Proceeds Use of Proceeds : $15 M Preferred Stock raise plus $4 M term loan (1) NOTES: (1) MTBC has the option to borrow an additional $4 M at 5% (prime + 1.75%) from Opus Bank after the completion of $15M of the Preferred Offering (2) After the first quarter in which MTBC’s Adjusted EBITDA
Slide 25: Capitalization / Ownership Table
24 Capitalization / Ownership Table OWNERSHIP TABLE as of Holder Name # of Common Shares (Total) % of Common Shares # of Fully Diluted Shares % of Fully Diluted Shares Officers & Directors Mahmud Haq (CEO & Chairman of the Board) 4,801,070 43.5% 4,801,070 39.4% Other Officers and Directors 98,517 0.
Slide 26: MTBC Highlights
25 MTBC Highlights Healthcare information technology company Scalable, cost - efficient business model with p redictable recurring revenue ▪ Cloud - based software ▪ Educated, low - cost offshore labor force with 1,800 employees ▪ 95% of revenue visibility at the beginning of each quarter Highly exp
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