Carerx Corporation · TSX:CRRX

Carerx — Q4 2023 Earnings Presentation

15 slides from Carerx's earnings presentation, Mar 7, 2024

  1. Slide 1: Q4 2023 Earnings Call

    Q4 2023 Earnings Call March 7, 2024

  2. Slide 2: Cautionary Statements

    Cautionary Statements Forward Looking Statements Certain of the statements contained in this presentation are "forward looking information within the meaning of applicable Canadian securities legislation. Forward looking information includes, but is not limited to, business strategy, plans and other

  3. Slide 3: Puneet Khanna, President & Chief Executive Officer

    Puneet Khanna President & Chief Executive Officer 3

  4. Slide 4: Q4 2023

    Q4 2023 • Revenue in Q4 2023 of $91.1 million • Adjusted EBITDA in Q4 2023 of $7.5 million • Completed comprehensive refinancing of credit facilities 4

  5. Slide 5: Andrew Mok, Chief Financial Officer

    Andrew Mok Chief Financial Officer 5

  6. Slide 6: Q4 2023 Financial Results | Revenue

    Q4 2023 Financial Results | Revenue (millions) 110 • Average beds serviced of 91,465: -2.5% vs Q4 2022 100 $94.3 $93.8 $91.1 • Year-over-year revenue decline primarily the 90 result of a change in the mix of branded and 80 generic drugs dispensed during the fourth quarter 70 of 2023. This did not ne

  7. Slide 7: Q4 2023 Financial Results | Adjusted EBITDA

    Q4 2023 Financial Results | Adjusted EBITDA (millions) 10 9 8 $7.3 $7.5 $7.1 • Year-over-year and quarter-over-quarter 7 Adjusted EBITDA increase primarily the result of 6 certain efficiencies and cost savings initiatives implemented during the second half of 2023 5 4 • Adjusted EBITDA margin increa

  8. Slide 8: Q4 2023 Financial Results | Net Income

    Q4 2023 Financial Results | Net Income (millions) • Year-over-year decline in net loss driven primarily by decreases in share-based compensation expense and change in fair Q4 2022 Q3 2023 Q4 2023 value of contingent consideration liabilities, in 5 addition to the impact of certain cost savings initi

  9. Slide 9: Comprehensive Debt Refinancing Transaction

    Comprehensive Debt Refinancing Transaction • Completed comprehensive $70 million debt refinancing transaction in December 2023 with a syndicate of lenders led by a Canadian Schedule 1 chartered bank • Legacy term loan, subordinated debt facility and March 2019 convertible debentures repaid in full a

  10. Slide 10: Balance Sheet

    Balance Sheet (millions except ratio) • Quarter-over-quarter decrease in cash balance due to completion of comprehensive debt At Dec 31/23 refinancing transaction Cash $7.0 M • Total debt declined to $62.1 million from $93.4 million1 Net Debt1 $55.2 M • Improved cash flows from operations to $27.4 N

  11. Slide 11: Puneet Khanna, President & Chief Executive Officer

    Puneet Khanna President & Chief Executive Officer 11

  12. Slide 12: Operational Optimization

    Operational Optimization • Procurement initiatives and best practices to augment purchasing power • Standardized operating model and policies and procedures to enhance operational efficiencies • Expanding Lean methodology to generate data-driven decisions that increase productivity, promote continuo

  13. Slide 13: Growth Opportunities

    Growth Opportunities Organic Bed Wins • Increased penetration and broadening scope of services (e.g. Revicare, BOOMR., etc.) • Leverage scale and capabilities to provide superior pharmacy services offering • Increased focus on expansion to other congregate care settings • LTC occupancy increasing po

  14. Slide 14: 2023 Review

    2023 Review • Increased focus on driving efficiencies, improving workflows, standardization of operations • $16 million equity financing • Comprehensive debt refinancing transaction • CEO transition 14

  15. Slide 15: Questions

    Questions Visit our website at www.carerx.ca | Follow @CareRx on Twitter

CareRx — Q4 2023 Earnings Presentation on 6ix