Aveanna Healthcare Holdings Inc. · NASDAQ:AVAH
Aveanna Healthcare — Investor Presentation (May 2026)
21 slides from Aveanna Healthcare's investor presentation, May 15, 2026
Slide 1: Investor Presentation May 2026
Investor Presentation May 2026
Slide 2: Disclaimers and Forward-Looking Statements
Disclaimers and Forward-Looking Statements This investor presentation (this "presentation“) and any oral statements made in connection with this presentation are for information purposes only and do not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation to purchase a
Slide 3: Transforming the Value of Homecare
Transforming the Value of Homecare Aveanna offers a leading, diversified homecare platform that delivers innovative care to pediatric, adult, and geriatric patients. With locations in 39 states, Aveanna has established a national footprint dedicated to high-quality clinical outcomes and enhanced val
Slide 4: Management team
Debbie Stewart Principal Accounting Officer Jeff Shaner Chief Executive Officer CEO of Aveanna since 2023 Instrumental in formation of Aveanna Healthcare Chief Operating Officer of Aveanna Healthcare since 2017 Chief Operating Officer of PSA Healthcare since 2015 Former SVP, President of Operations
Slide 5: Aveanna Overview
Aveanna Overview 2026 Guidance Key Operating Statistics (3) $2.56b - $2.58b Revenue 31.7% Gross Margin(1) $328m - $332m Adjusted EBITDA 379 Locations 39 States 29,000 Caregivers 48.2m Homecare Hours(2) 103 Preferred Payors ___________________________ 1. YTD 2026 Gross Margin 2. Annualized Q1 2026 PD
Slide 6: Aveanna's Transformative Homecare Platform
Melia and Mom Heather Valerie Aveanna's Transformative Homecare Platform Preferred Payor Partnerships Government Affairs Strategy Scaled National Platform Technology and Data Driven Results Reduction in Total Cost of Care Our advanced homecare platform positions us to improve outcomes with data-driv
Slide 7: Aveanna's Transformative Homecare Platform
Aveanna's Transformative Homecare Platform PDS Preferred Payors MS Preferred Payors Home Health Episodic Mix Value-based Agreements Continued substantial progress as demonstrated by key performance metrics. (1) ___________________________ 1. See Disclaimers and Forward-looking Statements slide. Proj
Slide 8: Future opportunity and long-term growth rate
Melia and Mom Heather Valerie Our future opportunity will continue to provide enhanced value that is driven by our significant investment in our value-based national homecare platform. Aveanna's Transformative Homecare Platform Value-based Organic Growth Core Organic Growth Scaled national platform
Slide 9: Aveanna Business Segments
Valerie Melia and Mom Heather Aveanna Business Segments
Slide 10: Private Duty Services Segment
Private Duty Services Segment Financial Highlights Key Operating Statistics (4) $2,143m Net Revenue1 26% – 28% Gross Margin2 3% – 5% Organic Growth Rate3 270 Locations 31 States 44,500 Patients on Service 60% % of PP Volume Preferred Payors 34 Preferred Payor Partnerships underpinned by enhanced rat
Slide 11: Home Health & Hospice Segment
Home Health & Hospice Segment Financial Highlights Key Operating Statistics (4) Locations States Patients on Service Episodic Mix Preferred Payors $266m Net Revenue1 50% – 52% Gross Margin2 5% – 7% Organic Growth Rate3 82 15 15,000 49 Home Health Geriatric Patient Population Intermittent Services Sh
Slide 12: Medical Solutions Segment
Medical Solutions Segment Financial Highlights Key Operating Statistics (4) States we deliver to Patients on Service Preferred Payors $183m Net Revenue1 42% – 44% Gross Margin2 8% – 10% Organic Growth Rate3 27 31,100 20 Nutritional Support – Enteral Product, Equipment and Supplies Provided to Pediat
Slide 13: Scaled Platform Built for Driving Growth and Enhancing Value
Scaled Platform Built for Driving Growth and Enhancing Value
Slide 14: Fragmented Home Care Markets Support Sustainable Growth
Fragmented Home Care Markets Support Sustainable Growth $20bn Legacy Pediatric Focus Personal Care $18.0bn Annual U.S. Healthcare Spend $4.5tn Therapy $6.0bn Enteral Nutrition $3.0bn Therapy $7.0bn Private Duty Nursing $10.0bn Hospice $23.0bn $99bn Addressable Adult Opportunity TAM Estimated annual
Slide 15: Q1 2026 Financial Performance: Summary Results
Q1 2026 Financial Performance: Summary Results HHH Q1 2026 revenue growth of 17.4% from Q1 2025, driven by 14.9 thousand total episodes or 23.1% YOY volume increase PDS Q1 2026 revenue growth of 16.4% from Q1 2025, driven by 12.1 million hours of care or 10.7% YOY volume increase MS Q1 2026 revenue
Slide 16: Financial Performance: Capital Structure
Financial Performance: Capital Structure Liquidity of $524.8m, comprised of the following: $189.3m cash on balance sheet $225.5m revolver availability $110m securitization availability Undrawn revolver $24.5m in outstanding letters of credit Total variable rate debt of $1,483m, consisting of: First
Slide 17: Path Forward: Strategic and Operational Focus on Driving Shareholder Value
Path Forward: Strategic and Operational Focus on Driving Shareholder Value Value-based Growth Enhanced Capital Structure Core Organic Growth
Slide 18: Appendix
8 aveanna healthcare Appendix 18
Slide 19: Non-GAAP Measures
Non-GAAP Measures Non-GAAP Financial Measures In addition to our results of operations prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”), we also evaluate our financial performance using EBITDA, Adjusted EBITDA, Field contribution and Field contribution margin,
Slide 20: Reconciliation of Net Income to Adjusted EBITDA
Reconciliation of Net Income to Adjusted EBITDA ___________________________ 1-7: Please see our earnings release posted on May 14, 2026 for further description of the nature of these items For the three-month periods ended (dollars in thousands) April 4, 2026 March 29, 2025 Net income $ 41,653 $ 5,1
Slide 21: Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow
Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow For the three-month period ended (dollars in thousands) April 4, 2026 Net cash provided by operations $ 4,349 Purchases of property and equipment, and software (4,557) Principal payments of term loans (3,312) Principal pay
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