Slide 1: 2023 Annual Meeting of Shareholders
Extendicare Inc. 2023 Annual Meeting of Shareholders May 29, 2023
Slide 2: Forward-looking statements
Forward-looking statements This presentation contains forward-looking Forward-looking statements can often be For further information on the risks, uncertainties statements within the meaning of applicable identified by the expressions “anticipate”, and assumptions that could cause Extendicare’s Can
Slide 3: 2023 Annual Meeting of Shareholders - Alan Torrie, Chair
2023 Annual Meeting of Shareholders Alan Torrie Chair of the Board of Directors 3
Slide 4: 2022 Annual financial statements
2022 Annual financial statements • The Financial Statements and Auditors’ Report for the year ended December 31, 2022, are contained in the Company’s 2022 Annual Report. • The Financial Statements have been approved by the Board of Directors and are available on the Company's website. 4
Slide 5: Appointment of auditors
Appointment of auditors MOTION “RESOLVED THAT: KPMG LLP be appointed Auditors of the Company, to hold office until the close of the next annual meeting of shareholders at such remuneration as shall be fixed by the Board of Directors.” 5
Slide 6: Director nominees
Director nominees Norma Michael Alan Torrie Beauchamp Guerriere Sandra Brent Alan Hibben Houlden Hanington Donna Samir Manji Al Mawani Kingelin 6
Slide 7: Election of nine directors
Election of nine directors MOTION “RESOLVED THAT: Norma Beauchamp, Michael Guerriere, Sandra Hanington, Alan Hibben, Brent Houlden, Donna Kingelin, Samir Manji, Al Mawani, and Alan Torrie, be elected as Directors of the Company to hold office until the next annual meeting of shareholders or until th
Slide 8: Say on pay
Say on pay MOTION “RESOLVED THAT: on an advisory basis and not to diminish the role and responsibilities of the Board of Directors, that the Shareholders accept the approach to executive compensation disclosed in this Information Circular delivered in advance of the 2023 annual meeting of Shareholde
Slide 9: Preliminary voting results and termination of meeting
2023 Annual Meeting of Shareholders Preliminary voting results Conclusion of formal business and termination of meeting 9
Slide 10: Helping people live better
Helping people live better • Focused on providing high-quality care • Resuming more vibrant social interaction in our homes in line with government guidance • Well positioned to execute on growth and transformation agenda • Eight of nine board directors are independent, with a strong and diverse man
Slide 11: 2023 Annual Meeting of Shareholders - Dr. Michael Guerriere, CEO
2023 Annual Meeting of Shareholders Dr. Michael Guerriere President and CEO 11
Slide 12: 2022: Moving from pandemic to endemic
2022: Moving from pandemic to endemic • High rates of community infection continued for a third year • Vaccines reduced incidence of serious illness • Thanks to our care professionals and support teams who helped keep our clients safe 12
Slide 13: Positioning for sustainable growth
Positioning for sustainable growth Extendicare Kingston • Canada’s aging demographic coupled with post-pandemic backlog will drive strong demand for seniors’ care • Announced strategic transactions to enable less capital-intensive growth • Agreement with Revera to operate 56 homes, add ~7,000 beds a
Slide 14: Modernizing and expanding long-term care
Modernizing and expanding long-term care Extendicare Sudbury • In 2022, the Government of Ontario announced a time-limited capital subsidy to support redevelopment • Announced new 256-bed Peterborough LTC home • Together with three projects already under construction, will replace 834 Class C LTC be
Slide 15: Return to growth in home health care
Return to growth in home health care • Return to growth supported by reduced absenteeism from COVID-19 • Recruiting and retention programs are helping combat labour shortages • In 2023, the Ontario government allocated $300M for home health care rate increases and staffing supports 15
Slide 16: Growth in managed services
Growth in managed services • Growth continued despite pandemic challenges • Pending Revera transaction will substantially increase the size of the managed services segment • The Axium joint venture will result in a less capital-intensive redevelopment program 16
Slide 17: Quality care is all about our people
Quality care is all about our people • We continue to build supports for our staff to ensure they have the tools and resources they need • To improve engagement and retention we are shifting more of our care team to full-time roles • In 2022, we launched a program in partnership with our unions to a
Slide 18: Renewed optimism for the future
Renewed optimism for the future • We expect to see growth across our business segments as the pandemic recedes • Margin improvement in both long- term care and home health care is supported in part by rate increases • We are advancing on our strategic transactions with Revera and Axium • We have eme
Slide 19: Working together to meet growing seniors' care needs
Working together to meet growing seniors’ care needs • As the pandemic recedes, we will expand to meet the growing need for long-term care and home health services • We are ideally positioned to partner with provincial and federal governments to meet the demographic challenge • Thank you to our stra
Slide 20: Extendicare named in the Globe and Mail 2023 Women Lead Here list
Extendicare named in the Globe and Mail 2023 Women Lead Here list Video link: https://vimeo.com/manage/videos/811034092 20
Slide 21: Questions
2023 Annual Meeting of Shareholders Questions Shareholders and duly appointed proxyholders may ask questions. 21
Slide 22: Extend
Extend Redefining Care Better all together