Docgo Inc. · NASDAQ:DCGO
Docgo — Motion Acquisition — SPAC Merger (October 2021)
30 slides from Docgo's SPAC merger presentation, Oct 15, 2021
Slide 1: Where Telehealth Stops, We Go
© 2021 All Rights Reserved – DocGo Investor Presentation February 2021 Investor Presentation October 2021 WHERE TELEHEALTH STOPS, WE GO
Slide 2: Disclaimer
© 2021 All Rights Reserved – DocGo Disclaimer This presentation contemplates a business combination pursuant to a merger agreement, by and among Ambulnz Inc. (dba “DocGo”) , M otion Acquisition Corp. (“Motion”), and a wholly owned subsidiary of Motion, dated as of March 9, 2021. This presentation di
Slide 3: Disclaimer (cont'd)
© 2021 All Rights Reserved – DocGo Disclaimer (cont’d) Market and Industry Data Market data and industry data used throughout this presentation is based on information derived from third party sources, the kn owledge of the management teams of DocGo and Motion regarding their respective industries a
Slide 4: Disclaimer (cont'd) Forward Looking Statements
© 2021 All Rights Reserved – DocGo Disclaimer (cont’d) Forward Looking Statements (cont’d) Any financial projections in this presentation are forward - looking statements that are based on assumptions that are inherently subject to significant uncertainties and contingencies, many of which are beyon
Slide 5: Our Brand and Company Culture
© 2021 All Rights Reserved – DocGo Our Brand and Company Culture © 2021 All Rights Reserved – DocGo Where basic telehealth providers stop, we go. Where public health emergencies need a response, we go. Where homebound populations benefit from onsite treatment, we go. Where long waits in busy emergen
Slide 6: DocGo at a Glance
© 2021 All Rights Reserved – DocGo DocGo at a Glance Key Highlights (a) Rating based on 300+ reviews. (b) As of Sept 2021. Leveraging a proprietary technology platform and care logistics expertise to provide high quality, efficient “last - mile” healthcare delivery services 2,578,000+ Cumulative Pat
Slide 7: Summary Progress Report Since Transaction Announcement in March 2021
© 2021 All Rights Reserved – DocGo Summary Progress Report Since Transaction Announcement in March 2021 7 $155mm 2021E Revenue Guidance $6mm 2021E Adjusted EBITDA Guidance Presence in 23 Markets in the US and 1 internationally 1,700+ healthcare clinicians $72 million in Mobile Health contracts Where
Slide 8: Where Traditional Care Stops, DocGo Keeps Going
© 2021 All Rights Reserved – DocGo Where Traditional Care Stops, DocGo Keeps Going Traditional Care Patients are restricted by outdated logistics and expensive transportation solutions Limited options to get treated at home or on - site Current telehealth offerings do not provide immediate in
Slide 9: Delivering Value Across the Healthcare Ecosystem
© 2021 All Rights Reserved – DocGo Delivering Value Across the Healthcare Ecosystem Providers x Superior service x Economic value proposition Patients x More convenient x Better experience Payers x Lower cost x Members access cost - effective care Healthcare Professionals x More satisfaction x Bette
Slide 10: Illustrative Customers, Partners & Projects
© 2021 All Rights Reserved – DocGo Illustrative Customers, Partners & Projects Tailored Go - to - Market for each Customer Segment Health Systems Enterprise / Corporates Government 10
Slide 11: Demonstrated History of Growth
© 2021 All Rights Reserved – DocGo Demonstrated History of Growth ($ millions) Revenue (a) Represents funding at inception. 2017A 2018A 2016A 2019A 2020A Launched in NY 2017 Raised $40mm Launched in UK, Entered into agreements with UCHealth and HCA 2018 Entered into agreements with Fresenius and Jef
Slide 12: Purpose-Built Technology Platform For Patients and Families
© 2021 All Rights Reserved – DocGo Purpose - Built Technology Platform For Patients and Families Core Functionality and Benefits x Streamlined ordering process to reduce burden on staff x Integration of electronic health records x Easy ordering with no manual information transfer x Real - time visib
Slide 13: Fully-Integrated Front- and Back-End Tech
© 2021 All Rights Reserved – DocGo Fully - Integrated Front - and Back - End Tech Our digital platform is fully integrated with industry standard EHR providers and enables a seamless care logistics experience throughout the patient journey Multi - modal Software to Better Coordinate Care Modern Arch
Slide 14: Segment Overview – Medical Mobility
© 2021 All Rights Reserved – DocGo $46 $63 $87 $184 2019A 2020A 2021E 2022E Segment Overview – Medical Mobility AMBULNZ MEDICAL MOBILITY SOLUTIONS - Provides on - demand patient transfer solutions between clinical settings - Partnerships with Fresenius, Jefferson, UCHealth and Northwell - 300+ fleet
Slide 15: Telemedicine is Just Talk – Mobile Health is Hands On
© 2021 All Rights Reserved – DocGo For Patients… ✓ At home treatment is convenient, comfortable and results in an improved patient experience ✓ Accessibility to health professionals promotes better patient compliance with discharge treatment plans ✓ More focused care reduces unnecessary hospital rea
Slide 16: Overview of Mobile Health Services
© 2021 All Rights Reserved – DocGo Overview of Mobile Health Services Mobile Health is hands on. Delivering on the promise and potential of telemedicine. Bedside Procedures Cardiac Medications (Oral and IV) Preventative Care • Rapid testing (blood work, including routine tests like Coumadin levels,
Slide 17: Segment Overview – Mobile Health
© 2021 All Rights Reserved – DocGo $2 $2 $43 $105 2019A 2020A 2021E 2022E Segment Overview – Mobile Health MOBILE HEALTH SOLUTIONS - Provided mobile health services to multiple clients including Uber, HBO, NFL, GoodRx, and the state of New York - Working together with licensed medical practitioners,
Slide 18: Case Study: Department of Homeless Services
© 2021 All Rights Reserved – DocGo Case Study: Department of Homeless Services Added three additional Street Mobile Units and two Ambulance standby units Expanded to 11 medical teams, added COVID vaccinations Launched three Street Mobile Units , providing expanded medical services to street homeless
Slide 19: Our Footprint and Reach
© 2021 All Rights Reserved – DocGo Our Footprint and Reach Our Footprint Operating in 28 US states and the UK Licensed to operate in 29 states; licenses pending in 21 additional states <1% market penetration today Mobile Health Only Medical Mobility and Mobile Health Medical Mobility Only 19
Slide 20: Quality Employed Clinicians
© 2021 All Rights Reserved – DocGo Quality Employed Clinicians Improved patient care Improved loyalty to company Improved employee NPS Improved facility NPS Improved insurance rates 2,400+ highly trained clinicians Employed mobile clinicians consisting of - EMTs (2,100+) - Paramedics (230+) - Nurses
Slide 21: Network Effect Drives Efficiencies of Scale
© 2021 All Rights Reserved – DocGo Network Effect Drives Efficiencies of Scale (a) May enter certain markets before ambulance operations, based on consumer demand . Highly Replicable Go - to - Market Strategy Develop Partner / Heal th System Relationship Identify attractive, high - growth market and
Slide 22: Significant Market Opportunity
© 2021 All Rights Reserved – DocGo Significant Market Opportunity U.S. Total Addressable Market Source: McKinsey “Telehealth: A quarter - trillion - dollar - post - COVID - 19 reality” report published 5/1/20 and management estimates. $95 billion market opportunity leaving long runway for rapid grow
Slide 23: Attractive Financial Characteristics
© 2021 All Rights Reserved – DocGo Attractive Financial Characteristics Revenue Growth and Visibility Scalability Profitability and Capital Efficiency 23 • Significant revenue growth opportunity with limited penetration of the total market and existing newer markets, greenfield opportunities and exp
Slide 24: Strong Growth Trajectory and Margin Profile
© 2021 All Rights Reserved – DocGo Strong Growth Trajectory and Margin Profile 24 (a) Free Cash Flow is defined as Adjusted EBITDA less Capital Expenditures . ($34) ($18) ($9) $6 $29 2018A 2019A 2020A 2021E 2022E $8 $13 $31 $95 $122 2018A 2019A 2020A 2021E 2022E ($29) ($16) ($7) $10 $44 2018A 2019A
Slide 25: Q3 2021 Financial Update
© 2021 All Rights Reserved – DocGo $13.4 $49.6 $22.5 $61.9 $26.9 $81.0 $62.8 $192.5 Q1 2020 Q1 2021 Q2 2020 Q2 2021 Q3 2020 Q3 2021 YTD 2020 YTD 2021 ($4.5) $0.7 ($0.2) $2.7 ($0.9) $3.5 ($5.6) $6.9 Q1 2020 Q1 2021 Q2 2020 Q2 2021 Q3 2020 Q3 2021 YTD 2020 YTD 2021 Q3 2021 Financial Update 25 Prelimin
Slide 26: Key Takeaways
© 2021 All Rights Reserved – DocGo Key Takeaways Significant market and growth opportunity with limited current market penetration Early stages of accelerating recurring revenue growth Unique value proposition to healthcare systems and patients Defensible competitive advantages in technology / netwo
Slide 27: Appendix
> Appendix
Slide 28: Estimated Transaction Sources & Uses
© 2021 All Rights Reserved – DocGo Estimated Transaction Sources & Uses Post - Money Valuation at Close Illustrative Post - Transaction Ownership (b) ($ in millions) ($ in millions) Sources Uses SPAC Cash in Trust $115 PIPE Investor Cash $125 Total Sources $240 Cash to Balance Sheet $205 Transaction
Slide 29: DocGo Healthcare and Virtual Care Peers: Growth and Margins
© 2021 All Rights Reserved – DocGo DocGo Healthcare Peers Virtual Care Peers Peer Group Average 2019A - 2022E Revenue CAGR 2021E Gross Profit Margin 2019A - 2022E Gross Profit CAGR 82% 57% 45% 33% 21% 57% 48% 31% 45% DocGo Oak Street Accolade One Medical Signify Hims&Hers Teladoc Amwell Peer Group M
Slide 30: DocGo Healthcare and Virtual Care Peers: Multiples
© 2021 All Rights Reserved – DocGo DocGo Healthcare Peers Virtual Care Peers Peer Group Median EV/2021E Revenue EV/2021E Gross Profit EV/2022E Revenue EV/2022E Gross Profit 3.5x 6.8x 9.3x 4.4x 5.2x 5.6x 11.3x 5.9x 5.9x DocGo Oak Street Accolade One Medical Signify Hims&Hers Teladoc Amwell Peer Group