Slide 1: Best Doctors: Creating the first and only global virtual healthcare delivery platform
O tTELADoc. Best Doctors: Creating the first and only global, comprehensive virtual healthcare delivery platform June 19, 2017
Slide 2: Today's Presenters
Today's Presenters O teLapoc & Best Doctors Jason Gorevic Mark Hirschhorn Peter McClennen President & CEO COO & CFO CEO, Best Doctors
Slide 3: Safe Harbor Statement
Safe Harbor Statement teak ‘ate “eget spe" pan bla eter” “romaine ret eoud coud” woop" cat nda is eos Tester rae steers om ty snc pte ta tee et oa ec are ee rats one ary fom hove expresses yess he scang ster Sach an er aa oy nea rupert ‘sian sess we rr prc staan ign Scns xorg aan SEC) rag" Ae may fe
Slide 4: Highly Strategic Combination Delivers Transformative Virtual Care Delivery Solution
Highly Strategic Combination Delivers Transformative Virtual Care Delivery Solution Creating the central, trusted source for consumers to find resolution to the broadest array of healthcare needs, on their terms V New paradigm for how patients access virtual care by delivering healthcare's first sin
Slide 5: Teladoc at a Glance
Teladoc at a Glance @ Broad telehealth ili sound member mown (2 =D te me Q iw é © Driving financial and operational growth revuting Total Revenue (SM) Total Membership E ehaviorl Health
Slide 6: Introducing Best Doctors
Introducing $92M Revenue in 2016" 50K+ Medical Experts Worldwide 100+ Total Countries with Membership and Client base 800+ Total Clients + Founded in Medical . 39 ofthe cost Superior quiliy, breadth and Gepih of medial expertise Best Doctors: Boston, MA World's leading medical consultation company f
Slide 7: Best Doctors Product Portfolio At A Glance
Best Doctors Product Portfolio At A Glance
Slide 8: Solutions for Complex Medical Issues and Use Cases
Solutions for Complex Medical Issues and Use Cases ‘Top Reasons Members Use Best Doctors: 8% Nodiagnosis Neca ap deci among utile 32% treatment option 26% 5% 24% 5% 37% 1 Percentotsegroses Percent treatment | plans changed (ee! ee
Slide 9: Complementary Claims Savings-Based, ROI-Driven Value Proposition
Complementary Claims Savings-Based, ROI-Driven Value Proposition Disorders Intameatory bone deaee Esophageal dscters 8% 36% % 21% 37% oly diagnosis Meaty sognsis Moty dogoosis Mody gps 69% 50% 61% 69% Moatyuoatrent oaty Yeatment Meaty vastment Mealy weotment steksask $12K-32K $18K-40K S11K-30K og. p
Slide 10: Backed by Clinical Quality and Global Medical Expert Network
Backed by Clinical Quality and Global Medical Expert Network 50K+ Medical Experts 450+ Subspecialties GALLUP Certified and Polled Top-Quality Physicians B > BRE Sen g ukeMedicine
Slide 11: Best Doctors' Complementary Distribution Channels and Blue Chip Client Base
Best Doctors’ Complementary Distribution Channels and Blue Chip Client Base 3M accenture Dole Qscene Johmen.fchmen Cintas. Sysco (MA) “*; & pepsico [i Ameritrade MoNsANTO Mus Microsott C&G¢la ot ‘ (Bb none Prater PAG tobe fe eurance/Fin-services a Carefint- 40 Geisinger =. “2 “TIIGHMARK. ~40% of Tot
Slide 12: Resulting in Logical Mutual Distribution and Cross-Selling Opportunities
Resulting in Logical Mutual Distribution and Cross-Selling Opportunities i Best Doctors O tetapoc.
Slide 13: Teladoc and Best Doctors Together Can Tackle the Full Spectrum of Medical Needs
Teladoc and Best Doctors Together Can Tackle the Full Soectrum of Medical Needs ‘Complexity, Cost
Slide 14: Aided by Complementary Brand Attributes
Aided by Complementary Brand Attributes Best Doctors: fe) TELADOC. Experienced Convenient Dependable = Modern Quality Innovative Trustworthy Accessible ‘ae eee Propelling adoption of virtual care
Slide 15: End-to-End Value Proposition to Clients and Members Across Medical Needs
End-to-End Value Proposition to Clients and | Members Across Medical Needs
Slide 16: High Degree of Operational Fit and Potential Efficiencies
High Degree of Operational Fit and Potential Efficiencies mplementary and ic Ca bilit ° TELADOC Best Doctors: Dana sndEnusoer (Digital print and fullment Centr) With areas of potential efficiencies and synergies Provider operations (Recruiting, Credentialing, QA) ales & Marketing Back office (Legal,
Slide 17: Transaction Terms
Transaction Terms Key Terms: + Purchase price of $440 milion; consideration consisting of: + $375 milion of cash + $65 millon in Teladoe stock “Transaction $960 milion of commited debt inancing Structure: + Approximately $42 milion of existing Toladoc debt to be refinanced Process: and Timing: 7 Det
Slide 18: Pro Forma Financial Profile
Pro Forma Financial Profile Q1 2017 combined annualized revenue of $266M" Q1 2017 pro forma gross margin of 69%? Reaffirm Q4 2017 Adjusted EBITDA Break-Even Target Independent of Incremental, Positive Contributions from Acquisition
Slide 19: Closing Remarks
Closing Remarks Highly strategic acquisition accelerates Teladoc’s vision of becoming the definitive single solution for virtual delivery of comprehensive connected care for our clients and members UNLOCKS attractive market for higher dollar critical care ADDITIVE clinical capabi ies leverageable fo
Slide 20: Appendix
Appendix
Slide 21: Best Doctors Historical Financial Performance
Best Doctors Historical Financial Performance Revenuet ($M $92 Soo L| i 2016 a1 2017 2018 Annualized 2016 Revenue Mix = Domestic sintemational (Mate gta excuse reat tom pore usnetes ($13.2) Gross Margin’ _ 64% 2016 1 2017 Adjusted EBITDA ($M) $8.9 $6.5 2016 Qt 2017 Annualized ete en GNNP rancid mesn
Slide 22: Non-GAAP Financial Measures
Non-GAAP Financial Measures Sin housanes ‘Twelve Months Ended Three Months Ended e 31, March 31 2016 2015 2017 Netingo oss om oniming peat, § (6.88) (17.742) 2079 eto eisposed business (1) ‘dd (dee Interest expense (income, net 2) 0487 4691 392 Income tax provision (benef) (3) 154.683) 11 Depreciati