Bright Horizons Family Solutions Inc. · NYSE:BFAM
Bright Horizons Family Solutions — Investor Presentation (May 2026)
34 slides from Bright Horizons Family Solutions's investor presentation, May 2026
Slide 1: Bright Horizons Investor Presentation
Bright Horizons Investor Presentation May 2026
Slide 2: Forward Looking Statement Disclaimer
Forward Looking Statement Disclaimer This presentation includes “forward-looking statements” within the meaning of, and made pursuant to, the safe harbor provisions of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Refor
Slide 3: Bright Horizons Investment Thesis
Bright Horizons Investment Thesis Leading the workforce solutions category with a financial model built for growth Mission-critical services with structural tailwinds Essential care and education solutions that support workforce participation, productivity and engagement amid durable secular tailwin
Slide 4: Proven Model with Consistent Long-Term Results
Proven Model with Consistent Long-Term Results Revenue Growth Adj. Op. Income Growth Free Cash Flow Growth Adj. EPS Growth 8% CAGR 9% CAGR 9% CAGR 12% CAGR Since IPO Since IPO Since IPO Since IPO $4.55 363 259 2,934 1,219 127 90 $1.19 2013 2025 2013 2025 2013 2025 2013 2025 Note: Initial Public Offe
Slide 5: The Strategic Rationale Behind Our Service Offerings
The Strategic Rationale Behind Our Service Offerings 1) Where working families have a need Back-Up Care Full- Ed Service Advisory Center 2) Where employers 3) Where we can and institutions are deliver at scale willing to invest with strong economics © 2026 Bright Horizons Family Solutions LLC 5
Slide 6: Mission-Critical Care Needs Across the Workforce
1) Mission-Critical Care Needs Across the Workforce Care Benefits Parents Workforce Rising Rates of Employers and Mission-Critical Demand Trust Flexibility Is Dual-Income Employees Talent Tool And Quality Here to Stay Families Require New Skills 87% 86% 88% >60% 80% Of Bright Horizons Of parents wan
Slide 7: Employer Partnerships Are a Significant Competitive Moat
2) Employer Partnerships Are a Significant Competitive Moat Key Highlights Partnership Overview 1 Healthcare 32% 90%+ Financial Client Satisfaction 18% Services Education 13% 1% 8% Technology 10% Largest Client Top 10 Client Relationship Relationships Consumer 9% Professional 7% Services Depth and d
Slide 8: Scaled Delivery Model with Strong Economics
3) Scaled Delivery Model with Strong Economics 1,450 Back-Up Care On-Demand Dependent Care Primary Growth �728M �222M corporate clients Driver CY25 Revenue CY25 Adj. Op. Income ~ 15% Revenue CAGR (10Y) Powered By 5 countries across our global footprint Full-Service Child Care Established Center-Base
Slide 9: Back-Up Care
Back-Up Care Segment Deep Dive
Slide 10: Back-Up Care: Mission-Critical with Significant Competitive Advantage
Back-Up Care: Mission-Critical with Significant Competitive Advantage Why it Matters: 25% • Mission-critical employee benefit that supports working parents and caregivers �728M Revenue • Proven ROI for employers – reduces absenteeism, boosts productivity • Growing engagement from target employee seg
Slide 11: Double-Digit Growth with High Returns on Capital
Double-Digit Growth with High Returns on Capital Key Highlights Back-Up Care Revenue Trajectory (�M) �725M+ Double-Digit Growth Rate +14% Utilization-driven, durable growth 15Y Rev CAGR High-Margin 25-30% Asset-light, scalable economics LT Adj. Op. Margin Strong Retention 110%+ Mission-critical empl
Slide 12: Large, Multi-Need Employee Population Drives Back-Up Care Demand
Large, Multi-Need Employee Population Drives Back-Up Care Demand Young Child (0-5 yrs old) 13% Aging Parent 20% Young Children Aging Parent More than School Age (6-18 yrs old) 18% School Age 4 in 5 Child/Adult Tutoring Child/Adult Tutoring 20% U.S. workers have at least one Back-Up care need Active
Slide 13: Significant White Space Across Industry Verticals
Significant White Space Across Industry Verticals Healthcare Significant potential to grow penetration Financial Services • Overall penetration still low at <5% across Education all major verticals Technology • Upside opportunity to move clients toward peer averages or higher quartiles Consumer •
Slide 14: Expanding Care Network and Service Portfolio
Expanding Care Network and Service Portfolio Childcare Centers In-Home BH Centers Jovie (acq. 2016) Network Centers Network In-Home Providers School-Age Programs Pet care Steve & Kate’s Camps (acq. 2021) Science Factory (launched 2026) Network PetCare Providers Network Camp Providers (launched 2022)
Slide 15: Significant White Space Across the Employer Landscape
Significant White Space Across the Employer Landscape Fortune 500 Back-Up Care Industry-Wide Adoption Market Structure (21,000 businesses >500 employees) Bright Horizons Others 5% 2% Unvended 93% Of the SMB market remains 50% unvended Vended 2025 Back-Up Care Revenue (�M) Bright Horizons �728 Indust
Slide 16: Back-Up Care Growth Levers Driving Velocity
Back-Up Care Growth Levers Driving Velocity Increased Higher Unvended New Logos in Penetration in Frequency from Market Vended Market Existing Logos Existing Users Opportunity Participation Frictionless Opportunity to across majority access and take market Significant of existing comprehensive share
Slide 17: Full-Service
Full-Service Segment Deep Dive
Slide 18: Full-Service Child Care: Strategic Role and Competitive Advantage
Full-Service Child Care: Strategic Role and Competitive Advantage Why it Matters: �2.1B • Foundational to our brand and trust by families for over 40 years Revenue 71% • Critical infrastructure for working parents – enables workforce participation/persistence • Anchor benefit in employer support str
Slide 19: A Worldwide Network of Child Care Delivery
A Worldwide Network of Child Care Delivery U.S. U.K. Netherlands Australia Strategic Client sponsored Quality provider in fragmented market with attractive government Focus centers with operating subsidy program to support parent fees subsidies Employees: 18,450 9,250 2,450 2,050 Centers: 597 263 72
Slide 20: Full-Service Operating Models Support Capital Efficiency & Mitigate Financial Risk
Full-Service Operating Models Support Capital Efficiency & Mitigate Financial Risk US: ~40% US: ~20% Single Sponsor / US: ~40% OUS: ~2% Cost Plus OUS: ~5% OUS: ~93% Consortium Lease Bottom Line Center Near Office Hub or Residential / Client HQ / Premise Location Commuter Corridor Client Receives Pri
Slide 21: Client-Centric Platform with Strong Cash Generation
Client-Centric Platform with Strong Cash Generation Key Highlights Full-Service Revenue Trajectory (�M) �2B+ Long-Term Stability 7% Contracted, long-duration demand and service delivery 15Y Rev CAGR Structural Barriers ~ 1,000 Industry-leading program quality Global Centers delivered at scale ~ �770
Slide 22: EdAdvisory
EdAdvisory Segment Deep Dive
Slide 23: EdAdvisory: Strategic Role and Competitive Advantage
EdAdvisory: Strategic Role and Competitive Advantage 4% Why it Matters: �125M • Critical support spanning workforce education, tuition assistance and college planning Revenue • Boosts retention across employee career advancement and family education journeys • Differentiated benefit backed by expert
Slide 24: Asset-Light Growth Enhancing Portfolio Quality
Asset-Light Growth Enhancing Portfolio Quality Key Highlights EdAdvisory Revenue Trajectory (�M) Long-Term Growth 18% On contracted employer demand 15Y Rev CAGR �120M+ Trusted Market Position 500+ Market leadership w/ employer partners Clients High-Margin >20% Asset-light, scalable economics LT Adj.
Slide 25: Financial Performance & Capital Allocation
Financial Performance & Capital Allocation
Slide 26: Durable Model Built for Sustainable Growth
Durable Model Built for Sustainable Growth Proven Foundation Unique Market Position Durable Cash Generation Trusted Employer Relationships Structurally Differentiated Model Capital-Light, High-Return Profile • 40-year operating history; trusted, • B2B employer-sponsored model – • Increasing contribu
Slide 27: Consistent Track Record of Driving Growth
Consistent Track Record of Driving Growth Dot-com Great COVID- Recession Financial Impacted Crisis Revenue 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Adj. EBITDA Margin © 2026 Bright Horizons Family Solu
Slide 28: Longer-Term Growth Building Blocks
Longer-Term Growth Building Blocks Ed Advisory Acquisitions +<1% HSD Back-Up Care Y/Y Organic Revenue +3.0% - 3.5% Growth +6.5% - 8.5% 11% - 13% Y/Y Full-Service +3.5- 4.5% 4.5% - 6.5% Segment Rev Growth Y/Y Adj. Op. Margin % 9-10% 25-30% 20%+ © 2026 Bright Horizons Family Solutions LLC 28
Slide 29: Capital Deployment Mix and Priorities
Capital Deployment Mix and Priorities 01 REINVEST IN THE CORE Since IPO (’13 – ’25) – Growth capex Capex (net) M&A Repurchases – Fund organic capacity, technology & product – Recurring capex 29% 29% 42% 02 SELECTIVE M&A 2025 – Bolt-ons that extend service reach – Portfolio enhancement Capex (net) Ca
Slide 30: Strong & Consistent Free Cash Flow Conversion
Strong & Consistent Free Cash Flow Conversion Free Cash Flow Conversion (FCF / Adj. Net Income) 123% 118% 113% 105% 105% 106% 103% 106% 100% 99% 97% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 3Y Trailing FCF Conversion Annual FCF Conversion © 2026 Bright Horizons Family Solutions LLC 30
Slide 31: Balance Sheet Position Has Strengthened
Balance Sheet Position Has Strengthened Net Leverage (at Year-End) for Selected Years Net Debt / Adj. EBITDA 4.8x +1- 2% 3.5x 2.9x 2.6x 1.7x 6- 8% 2012 (Pre-IPO) 2013 (Post-IPO) 2019 (Pre-COVID) 2020 (COVID- 2025 Impacted) © 2026 Bright Horizons Family Solutions LLC 31
Slide 32: 5Y Historical Financial Snapshot
5Y Historical Financial Snapshot 2021 2022 2023 2024 2025 Financials in ($M USD) Full Service � 1,297 � 1,494 � 1,781 � 1,962 � 2,081 % Growth 26% 15% 19% 10% 6% Back-Up Care � 361 � 421 � 526 � 610 � 728 Revenue % Growth (8)% 17% 25% 16% 19% Ed. Advisory � 97 � 105 � 112 � 114 � 125 % Growth 6% 9%
Slide 33: Non-GAAP Reconciliations
Non-GAAP Reconciliations Financials in ($M USD) 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 GAAP Operating Income (EBIT) 109 147 182 197 205 239 268 53 129 158 171 247 315 COVID-19, Impairment & related lease term costs - - - - - - - 35 11 14 36 30 47 Other costs 18 3 1 2 7 2 1
Slide 34: Thank You
Thank You
Bright Horizons Family Solutions — Investor Presentation (May 2026) on 6ix