WELLSTAR Technologies Corp. · TSXV:WSTR
WELLSTAR Technologies — Investor Presentation (October 2026)
31 slides from WELLSTAR Technologies's investor presentation, October 2026
Slide 1: October 2026
CONFIDENTIAL October 2026
Slide 2: Disclaimer
Disclaimer Forward-Looking Information This presentation contains forward-looking statements and forward-looking information within the meaning of applicable Canadian securities laws (collectively, “forward- looking information”) concerning WELLSTAR Technologies Corp. and its subsidiaries (“WELLSTAR
Slide 3: Disclaimer (continued)
Disclaimer (continued) Although management considers its expectations and assumptions reasonable as of the date of this presentation, there can be no assurance that they will prove correct or that anticipated results will be achieved. Planned or developing products and capabilities may change or may
Slide 4: WELLSTAR Mission
WELLSTAR Mission Reshaping Healthcare Through Digital Enablement 4
Slide 5: WELLSTAR at a Glance
WELLSTAR at a Glance GROWTH SCALE PROFITABILITY $72M 45,000+ 75% FY2025 Practitioners have purchased FY2025 Revenue products or services from Gross Margin2 WELLSTAR1 ~20% 5,000+ 23% 3 Year Organic Current clinical customers FY2025 Revenue Growth2 across 10 active provinces1 Adj. EBITDA Margin2 WELLS
Slide 6: Canada is Facing a Provider Burnout Crisis
Canada is Facing a Provider Burnout Crisis 90% of providers believe that clinical documentation contributes to burnout 60% of providers say administrative burden is a direct contributor to the deterioration of their mental health 47% of providers believe time spent on administrative tasks is unneces
Slide 7: Total Addressable Market Opportunity
Total Addressable Market Opportunity Total Canadian Healthcare Spend of ~$400B, representing a ~6% CAGR from 2022 – 2025 Addressable Canadian Healthcare Spend 1 ▪ Public sector spend of $121.9B ▪ Physician spend of $55.0B TAM SAM Healthcare Technology Spend ~$177B ~$9B ▪ Public sector IT-related spe
Slide 8: One-Stop Shop for Digital Enablement of Providers
One-Stop Shop for Digital Enablement of Providers Clinical Platform Digital Health Billing & Practice Group Networks Management ~38% of 2025A Revenue ~27% of 2025A Revenue ~35% of 2025A Revenue One of Canada's largest integrated Primary and specialist care EMR Optimizes insured and uninsured provide
Slide 9: AI Capabilities Across the Platform
AI Capabilities Across the Platform Digital Health Billing & Practice Clinical Platform Group Networks Management AI Medical Scribe AI Inbox Triage AI Task Manager AI Front Desk AI Referral Manager AI Billing & Coding Real-time visit Automated Let AI identify, action Automate incoming Automate end-t
Slide 10: AI-Native Clinic of the Future
AI-Native Clinic of the Future WELLSTAR's AI-powered model is transforming the future of healthcare by redefining the provider and patient experience Providers Patients Booking Rooming Summary Results AI agent handles AI optimizes wait times and AI generates patient- AI alerts doctors about critical
Slide 11: Extensive Provider Reach
Extensive Provider Reach Support From Provincial Organizations and Large Health Groups Extends Provider Reach WELLSTAR’s expansive software Provincial Partners portfolio supports providers coast- to-coast with Health Groups 5,000+1 clinics as customers Providers and groups include: General Specialis
Slide 12: Financial Highlights
Financial Highlights Strong Historical Recurring Predictable Continued Revenue Growth Revenue Model Profitability $ 62% 83% 23% 2025A YoY 2025A 2025A Revenue Growth Recurring Revenue1 Adj. EBITDA Margin1 1. Non-IFRS measure. See cautionary note regarding Non-IFRS financial measures and ratios. 12
Slide 13: Highly Predictable, Scalable SaaS Business Model
Highly Predictable, Scalable SaaS Business Model Revenue & Growth Gross Profit & Margin 62% 43% 23% 87% 80% 75% $72 $54 $45 $36 $36 $32 1 1 2023A 2024A 2025A 2023A 2024A 2025A Revenue YoY Growth Gross Profit Margin Note: All figures in C$M unless otherwise noted. 1. 2023A figures are unaudited. 13
Slide 14: Sustained Profitable Growth
Sustained Profitable Growth Adj. EBITDA & Margin1 Free Cash Flow & Conversion1,2 23% 22% 23% 83% 58% 58% $16 $10 $10 $8 $7 $6 3 2023A 2024A 2025A 2023A3 2024A 2025A Net Income ($4) ($4) ($6) Free Cash Flow Conversion Adj. EBITDA Margin Note: All figures in C$M unless otherwise noted. 3. 2023A figure
Slide 15: Q2 2026 Snapshot
Q2 2026 Snapshot Revenue Gross Profit Adj. EBITDA1 $23 $5 $17 $17 $12 $3 Q2 2025A Q2 2026A Q2 2025A Q2 2026A Q2 2025A Q2 2026A Note: All figures in C$M unless otherwise noted. Q2 2026 financials are unaudited. 1. Non-IFRS measure. See cautionary note regarding Non-IFRS financial measures and ratios.
Slide 16: Go-To-Market Strategy: Overview
Go-To-Market Strategy: Overview Segment-level independent sales teams, coordinated by enterprise sales functions, drive cross-selling within WELLSTAR’s existing customers and WELL Health’s clinics Billing & Practice Clinical Platform Group Digital Health Networks Management Provincial Patient Billin
Slide 17: Go-To-Market Strategy: Land & Expand
Go-To-Market Strategy: Land & Expand LAND EXPAND ACCELERATE OSCAR Pro / WELLSTAR EMR Clinics Owned stack: deepest wallet Foundation of the clinic tech eReferrals, patient engagement and AI Scribe, AI Inbox Triage and AI share potential stack; anchor product with insured and uninsured billing Task Ma
Slide 18: Key Competitive Advantages
Key Competitive Advantages System of Data & Context Brand Network Action Intelligence & Trust Effects Embedded in provider Longitudinal patient Trusted healthcare Expanding ecosystem Moats workflows that directly data across providers, platforms built over of providers, patients impact patient encou
Slide 19: Highly Strategic Partnership
Highly Strategic Partnership Established Relationship with WELL Clinic Network Long-standing partnerships with clinics accelerate our sales motion and adoption Primary, Integrated & Allied Care Practice Management Continuous clinic Access to innovative feedback to Built-in Testing Environment techno
Slide 20: Growth Opportunities
Growth Opportunities M&A Opportunity WELLSTAR has Nexus AITM gained considerable market share through Wallet-Share M&A, completing WELL Expansion 241 transactions since Ecosystem- Health 2019 and continues Ocean Nexus AI’sTM to have attractive Driven Clinics significant impact on targets for capital
Slide 21: Proven Management Team
Proven Management Team Amir Javidan Darren Hoegler Ammar Shah Nikki Gore Chief Executive Officer Chief Financial Officer SVP, Corporate Development VP, Marketing James Power Maral Sanassian Ryan MacNeil VP, Sales Sr. Director, Customer Operations Chief of Staff 21
Slide 22: Board of Directors
Board of Directors Hamed Shahbazi Amir Javidan Evelyn Sutherland Matt Mattox Sue Paish Chairman & CEO, WELLSTAR Director Independent Independent CEO, WELL Health Director Director 22
Slide 23: Investment Highlights
Investment Highlights Digitization Tailwinds in Healthcare Increasing Demand for Technology Solutions Holistic Suite of Solutions Fully Enabling Healthcare Providers and Increasing Access to Care Leading AI-Driven Healthcare Modernization Initiatives Pure Play SaaS Revenue and Robust Financial Profi
Slide 24: Appendix
eo ee ee 20 e e eo ee . Appendix
Slide 25: Clinical Platform Group
Clinical Platform Group Clinical Operating System for Robust … with AI- Canadian Primary Care built-in integrated capabilities… applications 15,000+ 3,800+ Practitioners1 Clinics Across BC, AB, & ON1 BO OK 30M+ 10+ eChart eFax Online Booking Automated Reminders & Messaging Document Management Integr
Slide 26: Digital Health Networks
Digital Health Networks Connecting Patients, An Established Patient Connectivity & eReferral Online Providers & Systems Ocean Booking eReferrals Network Patient Ocean ~57,000 4.2M+ Ocean Kiosks Engagement Patient Reminders EMR- Provincial Lab eOrdering Provider Ocean eConsults Providers & Clinic Sta
Slide 27: Billing & Practice Management: Medical Billing
Billing & Practice Management: Medical Billing Canada's Premier Medical Primary & Specialty Uninsured Medical Billing and Revenue Cycle Medical Billing Services Billing Services Infrastructure Automated medical billing and error correction Complete solution for managing billing for for provincially
Slide 28: Billing & Practice Management: IT Services
Billing & Practice Management: IT Services End User Services Core Services Channel Partner Trusted IT & Cybersecurity Services Field services Infrastructure for Canadian Procurement management Healthcare Network management White label services Disaster recovery planning Cybersecurity solutions and I
Slide 29: Reconciliation of Net Income to Adjusted EBITDA
Reconciliation of Net Income to Adjusted EBITDA Definition of Non-IFRS Measure "Adjusted EBITDA" is defined as Net income (loss) before interest, taxes, depreciation and amortization less (i) net rent expense on premise leases considered to be finance leases under IFRS 16 “Leases” and before (ii) tr
Slide 30: Reconciliation of Adjusted EBITDA to Free Cash Flow
Reconciliation of Adjusted EBITDA to Free Cash Flow In thousands of Canadian dollars Fiscal year ended December 31, 2023 2024 2025 Adjusted EBITDA $8,325 $9,851 $16,495 Capital expenditures ($264) ($2,496) ($4,825) Hosting lease payments (right-of-use leases) ($831) ($880) – Cash taxes ($314) ($780)
Slide 31: www.wellstar.health
www.wellstar.health #550 - 375 Water Street Vancouver, BC V6B 5C6 Canada
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