Community Healthcare Trust Incorporated · NYSE:CHCT
Community Healthcare Trust — Q4 2024 Earnings Presentation
15 slides from Community Healthcare Trust's earnings presentation, Feb 19, 2025
Slide 1: Earnings Presentation – 4th Quarter, 2024
Earnings Presentation – 4th Quarter, 2024 February 18, 2025
Slide 2: Disclaimer Statement
Disclaimer Statement This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995 that involve risk and uncer
Slide 3: Community Health Systems
Community Health Systems Earnings Presentation – 4th Quarter, 2024 3
Slide 4: Income Summary
Income Summary (Amounts in millions, except margin and per share amounts) By The Numbers Three Months Ended December 31, Year Ended December 31, 2024 2023 Change 2024 2023 Change Net Operating Revenues $ 3,265 $ 3,181 2.6% $ 12,634 $ 12,490 1.2% Adjusted EBITDA(1) $ 428 $ 386 10.9% $ 1,540 $ 1,453 6
Slide 5: Diluted EPS – Excluding Adjustments
Diluted EPS – Excluding Adjustments Three Months Ended Year Ended December 31, December 31, By The Numbers 2024 2023 2024 2023 Net (loss) income, as reported $ (0.53) $ 0.35 $ (3.90) $ (1.02) Adjustments: Gain from early extinguishment of debt - (0.47) (0.20) (0.47) Impairment and (gain) loss on sal
Slide 6: 4Q 2024 Summary
4Q 2024 Summary 4Q 2024 FY 2024 compared to compared to 4Q 2023 FY 2023 Consolidated Same Store Consolidated Same Store Net Operating Revenues 2.6% 6.5% 1.2% 5.5% Net Revenue per AA 3.3% 2.8% Admissions -5.6% 3.4% -3.2% 3.2% Adjusted Admissions -5.7% 3.1% -3.4% 2.7% Surgeries -5.1% 0.9% -3.6% 1.3% E
Slide 7: Payor Mix (Consolidated)
Payor Mix (Consolidated) Key 16.1% 14.5% Managed Care & Other 17.2% 17.0% Medicaid 4Q 4Q Medicare Managed Care 2024 17.2% 2023 18.9% Medicare 48.5% 48.5% Self-Pay 1.0% 1.1% • Payor mix as % of net revenue. • Total consolidated 14.8% 14.3% uncompensated care as % of 17.7% 16.8% adjusted net revenue (
Slide 8: Cash Flow & Capital Expenditures
Cash Flow & Capital Expenditures Cash Flows from Operations Capital Expenditures Excluding Repaid Medicare Accelerated Payments By The Numbers ($ in millions) ($ in millions) $1,000 $950 $ 500 $469 $467 $415 $800 $ 400 $360 $600 $ 300 $480 $400 $ 200 $300 $210 $200 $ 100 $- $0 2021 2022 2023 2024 Re
Slide 9: Balance Sheet Data
Balance Sheet Data By The Numbers ($ in millions) December 31, 2024 December 31, 2023 Working Capital $ 956 $ 1,066 Total Assets $ 14,054 $ 14,455 Total Debt $ 11,452 $ 11,487 Stockholders’ Deficit $ (1,914) $ (1,392) • At December 31, 2024, substantially all of our debt was fixed rate debt. • Days
Slide 10: Debt Maturity Profile
Debt Maturity Profile December 31, 2024 ($ in millions) By The$ 3,000 Numbers $1,227 $ 2,000 $2,457 $1,244 $2,225 $ 1,000 $1,535 $1,058 $626 $644 $0 2024 2025 2026 2027 2028 2029 2030 2031 2032 First Lien Notes Second Lien Notes Unsecured Notes Note: Debt maturity profile does not include amounts ou
Slide 11: 2025 Guidance Provided February 18, 2025
2025 Guidance Provided February 18, 2025 2025 By The Numbers Projection Range • Net operating revenues (in millions) $12,200 to $12,600 • Adjusted EBITDA (in millions) $1,450 to $1,600 • Depreciation and amortization as a percentage of net operating revenues 3.5% • Net loss per share – diluted $(0.5
Slide 12: Medium-Term Financial Goals
Medium-Term Financial Goals Medium-Term By The Numbers Within 3-5 Years Net Revenue Growth Mid-Single Digit Adjusted EBITDA Margin Mid-Teens Annual Free Cash Flow Positive Financial Leverage (Net Debt / EBITDA) Below 5.5x Financial and operational goals focused on improving EBITDA margin and free ca
Slide 13: APPENDIX: Other Financial Information
APPENDIX: Other Financial Information
Slide 14: Unaudited Supplemental Information
Unaudited Supplemental Information By The Numbers EBITDA is a non-GAAP financial measure which consists of net (loss) income attributable to Community Health Systems, Inc. before interest, income taxes, and depreciation and amortization. Adjusted EBITDA, also a non-GAAP financial measure, is EBITDA
Slide 15: Unaudited Supplemental Information
Unaudited Supplemental Information The following table reflects the reconciliation of Adjusted EBITDA, as defined, to net (loss) income attributable to Community Health By The Numbers Systems, Inc. stockholders as derived directly from the condensed consolidated financial statements (in millions): T
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