American Caresource Holdings Inc
American Caresource — Investor Presentation (March 2016)
21 slides from American Caresource's investor presentation, Mar 4, 2016
Slide 1: Investor Presentation March 2016
OCTORS THE CARE YOU NEED, (gh now. Investor Presentation March 2016
Slide 2: Safe Harbor Statement
Safe Harbor Statement 1s contained in this presentation (including, But not limited to statements that contain words a as wil es, oe pe s;"“expects,” and “estimates”, including with respect to the Company's plans, objectives ae sipeemions for dure cpertions priocions of de Conan’ fire operating rent
Slide 3: Presenter
Presenter * Adam Winger — President & CEO - CPA,JD-—KPMG & Baker, Donelson Law Firm - 6+ years in the urgent care industry Go»Now DOCTORS. >;
Slide 4: Executive Summary
Executive Summary ¢ Urgent Care Business affordable, - Owner p medical care centers —- Retail approach to medical care - After hours, 7 a week, Go»Now DOCTORS
Slide 5: Opportunity
Opportunity . publlelys -traded, are ad urgent care consolidator Exiting legacy busi g planned - 51 centers by end of 2017 « Expansive, fragmented | 1 _ in 201 - 2 cent . ‘bi = p * Committed Board and Investor Base Go»Now > 5 DOCTORS
Slide 6: Model Clinic Profile
Model Clinic Profile Model Clinic P&L | Net Revenue $ 1,403,000 | Fix d id rent) Other EBITDA Profit Margin Key AOSUMPHONS, - 33 patient its per di - Clinic open 360 “evs per year 118 per patient Go»Now DOCTORS
Slide 7: Model
Model # of Per-Center Year Total Corp Centers |_ EBITDA EBITDA Overhead Notes and Assumptions: $18.41 malttion + ‘EBITDA of each clinic at 50% of model-clinic EBITDA + ? EBITDA of each clinic at 75% of model-clinic EBITDA + EBITDA of each clinic at 100% of model-clinic EBITDA - Assumes sites treat 3
Slide 8: Expansive, Fragmented & Growing Industry
Expansive, Fragmented & Growing Industry with projected by 2018 — In 2013, the four revenue - In2i 1012, with two or fewer sites — Ripe for well-capitalized roll-up Go»Now DOCTORS Sores ge ee soto ef Ane OHO ny pt 2038 1% of industry Compound Annual Growth Rate of Revenue 6.3% since 2003 ‘Growth of
Slide 9: Competitive Advantages
Competitive Advantages Advanteees * over a Emergency Room Shorter ore offor dable More conveniently located Urgent Care 4 hours ° Advantages Over Traditional Primary Care — Extended hours — open evenings, weekends, holidays - More conveniently located | hour® Go»Now DOCTORS
Slide 10: Our Locations
Our Locations Southeastern Focus 13 Convenient Locations — Alabama =3 — Florida = Georgia = 2 - North Carolina = 4 - Virginia = 2 . Locally Clustered Clinics - economi: I - pevepedtn ough de novo expan Go»Now DOCTORS
Slide 11: Our Services & Customers
Our Services & Customers Service Mix = Urgent Care = Employer - Occupational Medicine = Basic Primary Care Go»Now DOCTORS Patient Mix = Insured Patients * Self-Pay, Uninsured * seen me + Occupational Medicine # Medicaid cae Only)
Slide 12: Growth Strategy
Growth Strategy * Three-Pronged Approach to Growth 7 le Novo = Acquisition — Same Store Growth Projected Number of Centers Year | Acquisitions | DeNovo | Total Centers | 2016 | 4 [10 | 2 | 2017 | 8 [ie | 31 | 2018 | 10 [2 | BI | Go»Now DOCTORS > 22
Slide 13: De Novo Strategy
De Novo Strategy Target De Novo * Site Selection Numerous sites already under review Ss Target Retail Space andi - End cap stp mall location - high traffic count: “Moms” pass the site multiple times per week Go»Now DOCTORS
Slide 14: De Novo Strategy
De Novo Strategy * De Novo Financial Profile - Key assumptions : 500 - 4.500 square feet ° tae value = ibe EBITA of $320,000 ° Capital Expenditure $350,000 Working Capital $200,000 Time to Break Even ~12 Months Per De Novo Exit Contribution $2.65 million ROI 482% Go»Now DOCTORS
Slide 15: Acquisition Strategy
Acquisition Strategy Target Acquisition Profile . Financial oe & Pricing Per-site revenue: $1.0 -$1.5mil 10- 5% profit margins Recent Indicative Transactions acquires CareSpot
Slide 16: Same Store Organic Growth
Same Store Organic Growth Same Store Organic Growth Targeted marketing and advertising Broaden service offerings Increase insurance reimbursement Improved physician recruitment DOCTORS
Slide 17: 2016 Operational Objectives
2016 Operational Objectives Go>Forward FOCUS, TRANSPARENCY, ACCOUNTABILIY * Three ore Areas of Focus - Coding accuracy Go»Now DOCTORS
Slide 18: 2016 Financial Goals
2016 Financial Goals @ $17 million clinic: level EBITDA s: 8-10 centers - ~ ‘eqns: 4-6 centers ° Breal t by year-end Go>Forward FOCUS, TRANSPARENCY, ACCOUNTABILITY Go»Now
Slide 19: Selected Financials
Selected Financials Urgent Care Net Revenues??? 6,000 5,500 5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 &| 09/30/2014 1zjaif2014 03/31/2015. 06/30/2015, 9/30/2015 Medac mGNOW ‘Al data in ($0008) 5 Unused Go»Now DOCTORS
Slide 20: Capital Structure
Capital Structure Pro Forma as of 9/30/2015* Shares 16,595,134 mmoi ERT ‘Awards-Stock Options? Warrants” 48,650 13,167,397 Fully-Diluted Shares Outstanding * Weighted average exercise price of $2.96. 30,711,181 Go»Now DOCTORS
Slide 21: Summary
Summary * Only publicly-traded, pur play Experienced board and management team Go»Now DOCTORS
American CareSource Holdings — Investor Presentation (March 2016) on 6ix