Slide 1: Q2 2021 Results
Q2 2021 Results Nasdaq Global Market: MTBC, MTBCP 0
Slide 2: Safe Harbor Statements
Safe Harbor Statements This presentation contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements relate to anticipated future events, future results of operations or future financial performan
Slide 3: Hosts for CareCloud Second Quarter 2021 Earnings Call
Hosts for CareCloud Second Quarter 2021 Earnings Call Mahmud Haq Executive Chairman A. Hadi Chaudhry CEO and President Bill Korn Chief Financial Officer Kim Blanche General Counsel 2
Slide 4: Hadi Chaudhry, CEO and President
Hadi Chaudhry CEO and President
Slide 5: medSR: Bettering healthcare through premier IT and operations consulting
CoreCloud” #medSR Bettering healthcare through premier IT and operations consulting medSR brings together the power of industry experts and cutting-edge technology to transform healthcare organizations.
Slide 6: Comprehensive Solutions, Flexible Approach, Powerful Technology
Comprehensive Solutions We go beyond the traditional with intuitive, elegant design across a suite of powerful software and services Flexible Approach We believe in the power for customers to choose and curate solutions that are appropriate for their unique needs Powerful Technology We provide moder
Slide 7: Bill Korn, Chief Financial Officer
Bill Korn Chief Financial Officer
Slide 8: Q2 2021 Highlights
Q2 2021 Highlights Revenue Net income Adjusted net Adjusted EBITDA +74% + $4.6 M income + $4.9 M + $5.5 M 40.00 - 0% 5.00 $4.5 16% 6.00 $5.7 18% ($0.2) $34.1 14% 16% 35.00 (1.00) -5% 4.00 5.00 12% 14% 30.00 10% (2.00) -10% 3.00 4.00 12% 25.00 8% $19.6 10% (3.00) -15% 3.00 2.00 6% 20.00 8% 4% 15.00 2
Slide 9: Technology-Enabled Business Solutions
Technology-Enabled Business Solutions ($ in millions) H1 2021 revenue from clients utilizing: H1 2021 Revenues Core technology 81% components Technology-enabled business solutions 1 or more technology components $5.7 $53.0 Professional IT services Other healthcare IT services $5.1 52% Pure revenue c
Slide 10: First Half 2021 Highlights
First Half 2021 Highlights Revenue Net loss Adjusted net Adjusted EBITDA +54% + $5.1 M income + $7.4 M 10.00 + 876% 70.00 - 0% 10.00 14% $9.3 $63.8 9.00 9.00 -2% (1.00) 12% 60.00 8.00 $7.4 8.00 -4% (2.00) 7.00 10% 50.00 ($2.2) 7.00 -6% $41.4 (3.00) -8% 6.00 6.00 8% 40.00 5.00 5.00 (4.00) -10% 6% 30.
Slide 11: Revenue Growth 2017 – 2020 plus 2021 Guidance
Revenue Growth 2017 – 2020 plus 2021 Guidance ($ in millions) $135-138 Range $105.1 Guidance Actual $64.4 H1 Actual $50.5 $31.8 Guidance range increased: • from $133-137 M to $135-138 M • represents growth of 28% to 31% over 2020 2017 2018 2019 2020 2021 Investors are cautioned that such statements
Slide 12: Adjusted EBITDA Growth 2017 – 2020 plus 2021 Guidance
Adjusted EBITDA Growth 2017 – 2020 plus 2021 Guidance 29.00 ($ in millions) $22-25 24.00 Range Guidance 19.00 14.00 Actual $10.9 9.00 $8.1 H1 Actual $4.8 $2.3 4.00 (1.00) 2017 2018 2019 2020 2021 Guidance Investors are cautioned that such statements involve risks and uncertainties 11 that could caus
Slide 13: Thank you!
Thank you! Corporate Website www.carecloud.com Investor Relations ir.carecloud.com Investor Inquiries Bill Korn, CFO bkorn@carecloud.com Matt Kreps, Darrow IR mkreps@darrowir.com (214) 597-8200 (formerly MTBC, Inc.) 12
Slide 14: Appendix
CareCloud” Appendix
Slide 15: Non-GAAP Financial Measures Reconciliation
Non-GAAP Financial Measures Reconciliation ($000s) Adjusted EBITDA 2017 2018 2019 2020 H1 2020 H1 2021 Q2 2020 Q2 2021 Net loss $ (5,565) $ (2,138) $ (872) $ (8,813) $ (7,293) $ (2,191) $ (4,792) $ (227) Provision (benefit) for income taxes 68 (157) 193 103 (44) 212 (74) 213 Net interest expense 1,3