Medical Facilities Corporation · TSX:DR
Medical Facilities — Investor Presentation (May 2024)
15 slides from Medical Facilities's investor presentation, May 2024
Slide 1: Investor Update May 2024
CORPORATION MEDICAL ». fem FACILITIES — "iD Investor Update May 2024 sy
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation may contain forward-looking statements within the meaning of certain securities laws, including the “safe harbour” provisions of the Securities Act (Ontario) and other provincial securities law in Canada. These forward-looking statements include, among ot
Slide 3: MFC Overview
MFC Overview In partnership with US$445.6 US$67.1 physicians, MFC million million owns a portfolio of 2023 Revenue & 2023 Income from highly rated, high- Other Income Operations quality surgical facilities in the US$88.6 United States. 114 million Physician Partners* 2023 EBITDA * As at March 31, 20
Slide 4: Strong Partners
• Our business model encourages physician STRONG owners to remain an integral part of their operations PARTNERS • Direct physician involvement in facility management, resulting in superior processes and efficiencies 4
Slide 5: High-Quality Surgical Facilities
High-Quality Surgical Facilities Arkansas Surgical Hospital MFC's ownership includes controlling interest North Little Rock, Arkansas in four specialty surgical hospitals and an ambulatory surgery center (“ASC”). Black Hills Surgical Hospital Rapid City, South Dakota Our focus is on short-duration,
Slide 6: Best in Class
BEST IN CLASS Higher patient experience ratings resulting from higher quality of care Hospital Star Rating Arkansas Surgical Hospital Black Hills Surgical Hospital Oklahoma Spine Hospital Sioux Falls Specialty Hospital Source: Hospital Consumer Assessment of Healthcare Providers and Systems data fro
Slide 7: Strong Fundamentals
STRONG FUNDAMENTALS Growing demand for U.S. population aged 65+ (millions) 75 healthcare 60 45 Drivers: 30 • Overall population growth • Aging population 15 0 2015 2020 2025 2030 Sources: Census.gov and United Nations, Department of Economics and Social Affairs, Population Division. 7
Slide 8: Payor Mix Compared to U.S. Healthcare System
Payor Mix Compared to U.S. Healthcare System 2023 MFC Facility Service Revenue 2022 U.S. Healthcare System Revenue 12% 29% 32% 48% 40% 39% Private Insurance Medicare/Medicaid Other Private Insurance Medicare/Medicaid Other Source: Centers for Medicare & Medicaid Services, National Health Expenditure
Slide 9: The U.S. Healthcare Landscape
The U.S. Healthcare Landscape Facility type Number Services MFC’s position General medicine and surgery, including emergency Acute Care Hospital Approx. 5,500 and maternity care, open 24/7 Scheduled elective procedures (e.g. orthopedics, Owns 4 in conjunction with Specialty Surgical Hospital <300 ph
Slide 10: Focused on Shareholder Returns
Focused on Shareholder Returns • Purchased 253,900 common shares for Since September 13, 2022: a total consideration of $1.8 million during the quarter ended March 31, 2024 5,025,297 • Announced 11.8% dividend increase common shares purchased on May 9, 2024, commencing with the Q2 for aggregate cons
Slide 11: Financial Highlights
Financial Highlights (US$ thousands, except where noted otherwise) Q1 2024 Q1 2023 Change % Facility service revenue 108,258 109,250 (0.9%) Income from operations 17,402 13,505 28.9% EBITDA 22,276 19,145 16.4% EBITDA margin 20.6% 17.5% 17.7% Cash available for distribution (C$ thousands) 8,777 5,583
Slide 12: Strong Financial Position
Strong Financial Position As at March 31, 2024 $25.7 million 0.76 Cash & Cash 1.09 Net Debt* / 0.90 Equivalents Equity Current Ratio Net Debt* / EBITDA (LTM) * Inclusive of lease liabilities per IFRS 16. 12
Slide 13: Investment Highlights
Investment Highlights • Growing demand for healthcare due to overall population growth and an aging population • Portfolio of highly rated, high-quality facilities • Experienced, entrepreneurial management team • Competitive dividend 13
Slide 14: Capital Markets Profile
As at May 9, 2024 (All dollar amounts are in Canadian currency) Capital Markets Profile Stock Symbol: TSX: DR Shares Outstanding: 24.4 million Share Price: $11.40 Market Capitalization: $277.9 million Annualized Distribution (per share): $0.361 Current Yield: 3.16%1 1 Based on the go forward dividen
Slide 15: To learn more, contact: Trevor Heisler
To learn more, contact: Trevor Heisler MBC Capital Markets Advisors theisler@maisonbrison.com
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