Privia Health Group, Inc. · NASDAQ:PRVA
Privia Health — J.P. Morgan Healthcare Conference 2023
20 slides from Privia Health's conference presentation, Jan 9, 2023
Slide 1: Empowering Physicians Transforming Healthcare
1 Empowering Physicians Transforming Healthcare J.P. Morgan Healthcare Conference January 9, 2023
Slide 2: Forward-Looking Statements
2 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: 2022 financial guidance and oth
Slide 3: Privia Health: Investment Highlights
3 Privia Health: Investment Highlights Proven and Scalable for All Provider Types, Patients & Reimbursement Models Multiple Drivers for Future Growth with a Large TAM Unique, Integrated Physician Alignment Model Profitable, Capital-Efficient Profile Proven, Diversified Value-based Platform Across Ri
Slide 4: Proven, Scalable and Differentiated Operating Model
4 Proven, Scalable and Differentiated Operating Model Single-TIN Medical Group Facilitates payer negotiation and clinical alignment while providers maintain significant autonomy Risk-Bearing Entity ACOs/CINs with value-based contracts to engage patients, reduce inappropriate utilization, improve qua
Slide 5: Building One of the Largest Primary Care-Centric Ambulatory Care Delivery Networks
5 Building One of the Largest Primary Care-Centric Ambulatory Care Delivery Networks * 920+ Care Center Locations 3,595 Implemented Providers 10 States (plus D.C.) * All data as of September 30, 2022, except for the launch of the North Carolina and Ohio markets. Joint venture and strategic partnersh
Slide 6: Moving Markets Toward Value-Based Care At Scale
6 Moving Markets Toward Value-Based Care At Scale Enter Market Align with anchor medical groups and health systems to transition markets to value-based care Organize Providers Form high performance medical groups Develop network of leading primary care providers and specialists Drive Improveme
Slide 7: Diversified Value-Based Platform Across Reimbursement Models
7 28% Diversified Value-Based Platform Across Reimbursement Models 1 80+ At Risk Payer Contracts 846K Total Attributed Lives 345K Government Lives 500K Commercial Lives 112K Medicare Advantage Lives 165K MSSP & MDPCP Lives 68K Medicaid Lives 1 All data as of September 30, 2022. Any slight variations
Slide 8: Privia Has Extensive Experience in Managing Risk
8 Privia Has Extensive Experience in Managing Risk “It’s Called Risk for a Reason” Managing the Transition to Risk Profitably Diversification 80+ contracts, including partial capitation & value- based incentives Contractual protections in each program Robust Oversight Audit / Compliance Heal
Slide 9: MSSP Results Demonstrate Continued Success in Downside Risk
9 MSSP Results Demonstrate Continued Success in Downside Risk MSSP 2021 Performance1 Total annual average expenditures Emergency room utilization Outpatient facility spend Inpatient facility spend Improvement vs. Median MSSP ACO Improvement vs. Total FFS Medicare 15%• 112,800 Medicare beneficiaries
Slide 10: Momentum Across Diverse VBC Revenue Streams
10 $160.8 $66.4 $83.0 $90.3 $26.8 $36.5 $27.5 $0.0 $50.0 $100.0 $150.0 $200.0 $250.0 FY2020 FY2021 9 Mos 2022 VBC Portion of Total GAAP Revenue 1 Capitation Shared Savings Care Mgmt Fees Momentum Across Diverse VBC Revenue Streams 11.4% of Total GAAP Revenue 12.4% 28.1% • Percentage of value-based c
Slide 11: Positioned to Drive Growth and Monetize Our Platform
11 Positioned to Drive Growth and Monetize Our Platform Same-Store Organic Growth in Existing Practices Moving Existing Patient Panels to Value Based Care Organic Growth in Existing Geographies New Geography Development Investments and Acquisitions to Grow and Capture Large TAM
Slide 12: Strong Execution Since IPO
12 Strong Execution Since IPO FY 2020 FY 2022 est.* % Change States + DC 6 10 67% Implemented Providers 2,550 3,670 44% Attributed Lives 682,000 855,000 25% Practice Collections $1,301M $2,362M 82% Care Margin $ 188M $ 300M 60% Platform Contribution $ 83M $ 144M 73% Adjusted EBITDA $ 29M $ 60M 107%
Slide 13: Strong Balance Sheet and Capital Position
13 Strong Balance Sheet and Capital Position * (In millions) At 9.30.22 * At 12.31.21 Cash and cash equivalents $ 316.9 $ 320.6 Net cash received re: MSSP shared savings less provider surplus distribution $ 25.1 -- Less: Notes payable and debt issuance costs -- $ 33.3 Net cash position $ 342.0 $ 287
Slide 14: Privia Health: Investment Highlights
14 Privia Health: Investment Highlights Proven and Scalable for All Provider Types, Patients & Reimbursement Models Multiple Drivers for Future Growth with a Large TAM Unique, Integrated Physician Alignment Model Profitable, Capital-Efficient Profile Proven, Diversified Value-based Platform Across R
Slide 15: Appendix
— ar, APPENDIX
Slide 16: Reconciliation of Operating Loss to Care Margin
16 Reconciliation of Operating Loss to Care Margin a 1 (1) Care Margin is total revenue less the sum of physician and practice expense.
Slide 17: Reconciliation of Operating Loss to Platform Contribution
17 Reconciliation of Operating Loss to Platform Contribution a 2 (2) Platform Contribution is total revenue less the sum of physician and practice expense and cost of platform. (5) Amount represents stock-based compensation expense included in Cost of Platform.
Slide 18: Reconciliation of Net Loss to Adjusted EBITDA
18 Reconciliation of Net Loss to Adjusted EBITDA a 3 (3) Adjusted EBITDA is net income (loss) attributable to Privia Health Group, Inc. shareholders and subsidiaries excluding minority interests, provision (benefit) for income taxes, interest income, interest expense, depreciation and amortization,
Slide 19: Reconciliation of Net Loss to Adjusted Net Income Per Share
19 Reconciliation of Net Loss to Adjusted Net Income Per Share a
Slide 20: Thank You
20 Thank You PriviaHealth.com Contact: Robert P. Borchert SVP, Investor & Corporate Communications robert.borchert@priviahealth.com Phone: 817.783.4841
Privia Health Group — J.P. Morgan Healthcare Conference 2023 on 6ix