Slide 1: Growing Together
Cover Option o/s new photo Growing Together Investor Presentation May 2026
Slide 2: Forward-looking statements and non-GAAP measures
Forward-looking statements and non-GAAP measures Forward-looking Statements relating to expected future current income taxes refer to “Risks and Uncertainties” and “Forward- and maintenance capex impacting AFFO. looking Statements” in Extendicare’s Q1 2026 This presentation contains forward-looking
Slide 3: Extendicare (TSX: EXE)
Extendicare (TSX: EXE) Canada’s largest seniors’ care provider focused on long-term care and home health care 58 years • Strong growth opportunities: Organic growth driven by of providing seniors’ care demographic trends augmented by deep acquisition pipeline in a fragmented Canadian market • Indust
Slide 4: Services-focused growth
Services-focused growth Business model enables growth without significant capital requirements Direct care for seniors NOI contribution by segment (before CBI) (1) Home health care Long-term care TTM Q1 2026 Adjusted NOI(1) $244.5M Home Managed health care 14.5M 59 Home health care services 14.7% ho
Slide 5: Meeting the needs of a growing demographic
Meeting the needs of a growing demographic Compelling growth in long-term care and home health care Building new LTC homes to address the rising demand for long-term care Canadian population aged 85+ 3x • Seniors aged 85+ increasing at ~4% per year(1) 3.0 • LTC waitlist of more than 50,000(2) in Ont
Slide 6: Ontario LTC beds per 1,000 people aged 75+
Ontario LTC beds per 1,000 people aged 75+ Development activity has not kept up with growing demand; home health care bridges the gap • From 1996 to 2006, over 23,000 LTC beds Ontario LTC beds per 1,000 people over 75 were added in Ontario, raising the ratio to 100 LTC beds per 1,000 Ontarians aged
Slide 7: Home health care
Home health care Industry leading recruiting, training programs and technology platform support strong volume and NOI growth; highly fragmented market offers M&A opportunities Home Health Care Adjusted NOI & NOI Margin(1) • Robust demand for home health care services driven by $120M 12.8% 13.5% 16%
Slide 8: Closed CBI Home Health acquisition
Closed CBI Home Health acquisition Creates a national home health care platform • $570 million acquisition closed April 1, 2026 • Advances Extendicare’s services focused strategy • Highly complementary to ParaMed, with substantial presence in Western Canada and the potential for $504M $69.6M signifi
Slide 9: Long-term care
Long-term care Industry-leading scale and improved operating performance driving NOI growth LTC Adjusted NOI & NOI Margin(1) 11.6% 10.9% 12% 10.4% $100M • LTC segment has returned to pre-pandemic occupancy $80M 8.4% 10% and NOI 8% $60M 6% • Extendicare operates 59 fully owned LTC homes $40M 4% • Pro
Slide 10: Building for the future
Building for the future Two new homes opening in 2026; recycled capital from sale of legacy Class C home in Q1 Upgrading our portfolio quality, driving management fee growth Six LTC homes (1,408 new beds) under construction in Axium JV to replace 1,072 Class C beds Estimated Opened Beauclaire (320-b
Slide 11: Managed services | Extendicare Assist and SGP
Managed services | Extendicare Assist and SGP Growth in SGP purchasing clients and management clients drive NOI growth Managed Services NOI and NOI Margin • Highest margin segment, focused on expanding service $45M 70% 53.5% 55.0% 55.4% 52.5% 60% offerings and geographic reach $30M 50% • Extendicare
Slide 12: Strong liquidity and credit metrics
Strong liquidity and credit metrics ~$228M of available liquidity pro forma CBI acquisition and senior unsecured note offering Debt Metrics(1) 10.6x 10.0x As at March 31, 2026 38.6% 37.0% 7.9x 7.4x 31.4% Available 26.0% 25.5% Long-term Cash Revolving debt(1) 4.2x4.0x Facility 2.6x 2.3x 2.1x 1.9x Rep
Slide 13: Appendix
o/s new photos Q4-25 deck Appendix
Slide 14: Joint Venture with Axium Infrastructure
Joint Venture with Axium Infrastructure Funds LTC redevelopment and expansion, driving revenue growth in Managed Services Extendicare Sell Project to JV Identify Project Develop Project Manage Operations Manage Recycle Capital Sell project to JV, with Construction & Pipeline of 17 Acquire land, reim
Slide 15: Adjustments to revenue, NOI, EBITDA and AFFO
Adjustments to revenue, NOI, EBITDA and AFFO Years ended December 31, 2023, 2024, and 2025, and twelve months ended March 31, 2026 • 2023 results impacted by COVID 19 related funding and costs and • TTM Q1 2026 results impacted by out-of-period funding and other out-of-period items costs and workers
Slide 16: Inaugural $450M Senior Unsecured Note Offering
Inaugural $450M Senior Unsecured Note Offering CBI Acquisition provided the catalyst to issue BBB stable senior unsecured notes Issued $450M Senior Unsecured Notes Closed CBI Acquisition (Morningstar DBRS: BBB stable) (April 1, 2026) (April 14, 2026) Source and Use (in millions) Source and Use (in m
Slide 17: Helping people live better
Helping people live better