Tenet Healthcare Corporation · NYSE:THC
Tenet Healthcare — Corporate Update (June 2020)
9 slides from Tenet Healthcare's corporate update, Jun 16, 2020
Slide 1: COVID-19 Operational Impact Update
COVID-19 Operational Impact Update June 16, 2020
Slide 2: Cautionary Statement
Cautionary Statement This presentation includes “forward-looking statements.” These statements relate to future events, including, but not limited to, statements regarding our liquidity, operating results, future earnings, financial position, operational and strategic initiatives, and developments i
Slide 3: Today's Discussion
Today’s Discussion • Recap of Year-to-Date (YTD) 2020 • Update on Volumes • Update on Liquidity • Summary • Q&A Session 3
Slide 4: Recap of YTD 2020
Recap of YTD 2020 • Outperformance (January through mid-March) All business segments performed at or above expectations 2019 operational changes drove results with pathway for continued improvement Commenced early preparations for COVID-19 impact • COVID-19 Response and Impact (Mid-March throu
Slide 5: Recap of YTD 2020, continued
Recap of YTD 2020, continued • COVID-Safe Recovery and Reopening (Mid-May to Mid-June) Coordination of comprehensive recovery effort; continuity of safety prioritized PPE inventory secured with reliable suppliers In-house COVID-19 testing in all markets Coordinating with physicians and patie
Slide 6: 2020 Volume Statistics
2020 Volume Statistics Initial Outperformance vs. Initial COVID Impact Recovery Percent Change from Prior Year Percent of pre-COVID Levels (b) Volume Statistics YTD March – full 2H March April May 1H June (a) February month Admissions 1.1% (15.2%) (~25%) (~33%) ~80% ~90% OP visits 5.5% (22.3%) (~35%
Slide 7: Liquidity Update
Liquidity Update • Currently have sufficient cash resources and available liquidity under our line-of-credit facility • As of Monday, June 15th, we had approximately $2.665 billion of excess cash on hand and no borrowings outstanding under our $1.9 billion line of credit facility ~$1.5 billion of
Slide 8: Summary
Summary • Pre-COVID-19 performance continued strong momentum from 2019 • Responded to fluid environment to address operational challenges associated with COVID-19 and prioritized safety • Executing an effective and safe restart with detailed planning and measures • Bolstered balance sheet; efforts t
Slide 9: Questions and Answers
Questions and Answers Ron Rittenmeyer Executive Chairman and CEO Saum Sutaria President and COO Dan Cancelmi EVP and Chief Financial Officer 9