Slide 1: Growing Together Q2 2024 Conference Call
Click to edit subtitle Growing Together Q2 2024 Conference Call August 13, 2024
Slide 2: Forward-looking statements and non-GAAP measures
Forward-looking statements and non-GAAP measures Click to edit subtitle Forward-looking Statements “estimate”, “expect”, “intend”, “objective”, “plan”, refer to “Risks and Uncertainties” and “Forward- “project”, “will”, “may”, “should” or other similar looking Statements” in Extendicare’s Q2 2024 Th
Slide 3: Q2 Highlights
Q2 Highlights Financial and subtitle Click to edit operational highlights Financial highlights Operational highlights Adjusted Divisional NOI Q2 Q2 LTC occupancy up 60 bps to Margins(1) 2024 2023 97.8% LTC 11.3% 7.8% +350 bps 10.8% YoY increase in home Home health care 12.6% 8.6% +400 bps health car
Slide 4: Strategic transformation evident in Q2 results
Strategic transformation evident in Q2 results Growth in Managed Services and Home Health Care continues; strong balance sheet supports redevelopment Click to edit subtitle Growth in Services LTC Redevelopment Strong Balance Sheet Q2 vs PY in Axium JVs increasing capital flexibility Managed Home Hea
Slide 5: LTC redevelopment progress in partnership with Axium
LTC redevelopment progress in partnership with Axium Five Clickhomes to editunder construction; target to break ground on three more this year subtitle • Sold 256-bed Orleans project into the Axium JV in Q2, generating $20.1M in net proceeds and $2.3M after-tax gain • Sold vacated C-home property in
Slide 6: Financial Review
Click to edit subtitle Financial Review Q2 2024
Slide 7: Consolidated results
Consolidated results Q2 2024 Click to edit subtitle ($ millions, except per share amounts) • Q2 results impacted by out-of-period LTC funding of $4.1M Q2 2024 vs PY o Includes $2.1M in one-time support to offset Alberta Revenue NOI LTC homes’ capital and operating needs, and $1.5M to $348.5 +$40.9 $
Slide 8: Long-term care
Long-term care Strong Click toresults driven by funding increases, improved occupancy and reduced agency costs edit subtitle NOI Margin % • Q2 included $4.1M of out-of-period revenue (including 20% funding for Alberta and Manitoba LTC homes) 15% • Q2 revenue up $11.8M; up $11.3M(2) excluding out-of-
Slide 9: Home health care
Home health care Click to reflects Growth edit subtitle higher volumes and rate increases, along with shift of statutory holiday ADV and Adjusted NOI Margin %(1) • Q2 results reflect return to seasonal cadence of 14% 12% 9.8% 8.3% 12.6% 32,000 30,000 8.6% 8.8% historically strong second quarters, ai
Slide 10: Managed services Extendicare Assist and SGP
Managed services Extendicare Assist and SGP Click to edit Strategic subtitle and organic growth drive strong results in services transactions SGP (3rd party and JV beds) • Q2 revenue up $9.1M due largely to the addition of 150,000 125,000 Revera and Axium joint venture homes and organic growth in SG
Slide 11: Strong financial position
Strong financial position $208M Click toinedit liquidity at Q2 reflects strong operating cash flow and proceeds from Orleans and Sudbury sales subtitle Debt Metrics(2) As at June 30, 2024 37.5% 36.8% 35.2% 35.4% 35.7% 35.6% Long-term 34.1% Available demand Long-term 33.9% Cash debt(1) facilities deb
Slide 12: Meeting the needs of a growing demographic
Meeting the needs of a growing demographic Compelling Click to editgrowth opportunities in long-term care and home health care subtitle Canadian Population 85+ • Building new LTC homes to address the increased 3.0 need for long-term care 2.79 o Seniors aged 85+ increasing at ~4% per year(1) 2.5 3x o
Slide 13: Appendix
Click to edit subtitle Appendix
Slide 14: Adjustments to revenue, EBITDA and AFFO
Adjustments to revenue, EBITDA and AFFO Three and Click to sixsubtitle edit months ended June 30, 2024 ($ millions, except per share amounts) • Q2 results impacted by out-of-period LTC funding of Impact of select items on Revenue, Adjusted EBITDA and $4.1M (including support for Alberta and Manitoba
Slide 15: Adjusted NOI by division
Adjusted NOI by division(1) Threeto Click and sixsubtitle edit months ended June 30, 2024 ($ millions) Long-term care NOI and margin(1) Home health care NOI and margin(1) Q2 Q2 YTD YTD Q2 Q2 YTD YTD 2024 2023 Change 2024 2024 Change 2024 2023 Change 2024 2023 Change $21.5 $13.9 54.9% $37.0 $29.0 27.
Slide 16: Services-focused growth
Services-focused growth Strong Click togrowth in services which represented ~53% of TTM Q2 adjusted consolidated NOI edit subtitle Direct services to seniors NOI contribution by segment(1) TTM Q2 2024 Adjusted NOI(1) $165.0M Long-term care Home health care 46.8% 52 Home Long-term care homes owned 10
Slide 17: Click to edit subtitle
Click to edit subtitle