Slide 1: Growing Together
Cover Option o/s new photo Growing Together Q4 2025 Conference Call February 27, 2026
Slide 2: Forward-looking statements and non-GAAP measures
Forward-looking statements and non-GAAP measures Forward-looking Statements LTC Limited Partnership and its affiliates of Extendicare to differ materially from those (“collectively, Axium”) and two limited partnership expressed or implied in the statements. This presentation contains forward-looking
Slide 3: Q4 highlights
Q4 highlights Adjusted EBITDA, excluding out-of-period items, increased by 36.4% to $45.6M Financial highlights Q4 Q4 Adjusted EBITDA Operational highlights 2025 2024 Reported $49.5M $39.7M +24.6% 27.3% YoY increase in home health care ADV; 15.3% organic growth plus 3,700 ADV contribution Excluding
Slide 4: CBI Home Health acquisition
CBI Home Health acquisition Creating a national home health care platform • Advances Extendicare’s services focused growth strategy Accretion • CBI Home Health is highly complementary to ParaMed, with the potential for significant synergies +15% (1) +9% (1) AFFO per share Earnings per share • Enhanc
Slide 5: Building for the future
Building for the future 1,728 beds under construction across 7 homes • Commenced construction on 320-bed home in Sudbury; expected to open Q1 2029. Seeking regulatory approval to complete the sale of the project into the Axium JV in the coming weeks Estimated • Subsequent to year end sold the vacate
Slide 6: Financial Review
Financial :{-\"/(-\"\" Q4 2025 888 |Aee
Slide 7: Consolidated results
Consolidated results Q4 2025 • Out-of-period items recognized in Q4 2025(1) consisted of WSIB rebates received in LTC and home health, partially offset by retro wage Q4 2025 vs Q4 2024 adjustments in LTC - a net favourable impact to NOI of $3.9M compared Reported to a $6.3M favourable impact to NOI
Slide 8: Home health care
Home health care Strong organic growth in ADV up 15.3% from Q4 2024 ADV and Adjusted NOI Margin %(1) 13.2% 16% 13.5% 13.6% 40,000 12.6% 14% 11.3% 10.4% 10.3% 38,000 • Q4 revenue up $49.7M; up $54.1M excluding out-of- 12% 10% 8.3% 36,000 34,000 period items(2), driven by $26.6M contribution from Clos
Slide 9: Long-term care
Long-term care Growth driven by the LTC acquisition and funding increases NOI Margin % (1) 15% • Q4 revenue up $24.4M; up $26.3M(2) excluding out-of- 11.8% period items, reflecting the contribution from the 9-home LTC 10% 11.4% 11.6% 11.3% 10.0% 10.9% acquisition (+$35.2M), funding increases and tim
Slide 10: Managed services Extendicare Assist and SGP
Managed services Extendicare Assist and SGP 5.0% organic growth in SGP client base offset by loss of Assist management contracts related to Revera’s sale of its Class C LTC homes SGP (3rd party and JV beds) 175,000 • Q4 revenue down $3.6M; largely driven by Revera’s 150,000 sale of its 30 Class C LT
Slide 11: Strong liquidity and credit metrics
Strong liquidity and credit metrics $502M total liquidity at Q4-25 Debt Metrics(3) 7.4x 8.0x 8.1x As at December 31, 2025 6.5x 7.1x 34.1% 33.9% Available Long-term 33.0% 32.3% Long-term 32.1% 31.7% Cash Revolving debt(1) debt(1) 6.1x 30.4% Facility (including 15% JV share(2)) 5.3x 4.2x $348M $154M $
Slide 12: Meeting the needs of a growing demographic
Meeting the needs of a growing demographic Compelling growth opportunities in long-term care and home health care The number of Canadians aged 85+ will Building new LTC homes to address the double by 2036 and triple by 2051 rising demand for long-term care Canadian Population 85+ 3x • Seniors aged 8
Slide 13: Appendix
o/s new photos Appendix
Slide 14: Adjustments to revenue, NOI, EBITDA and AFFO
Adjustments to revenue, NOI, EBITDA and AFFO Three and twelve months ended December 31, 2025 • Q4 2025 impacted by net favourable out-of-period costs of $3.9M • LTC and home health care recognized workers’ compensation rebates Impact of out-of-period items on Revenue, NOI, Adjusted EBITDA and AFFO/b
Slide 15: Adjusted NOI by division
Adjusted NOI by division(1) Three and twelve months ended December 31, 2025 Long-term care NOI and margin(1) Home health care NOI and margin(1) Q4 Q4 YTD YTD Q4 Q4 YTD YTD 2025 2024 Change 2025 2024 Change 2025 2024 Change 2025 2024 Change $27.3M $22.3M +22.0% $96.8M $84.5M +14.5% $26.1M $14.9M +75.
Slide 16: Services-focused growth
Services-focused growth Services represented ~56% of adjusted NOI Direct care for seniors NOI contribution by segment(1) Home health care 2025 Adjusted NOI(1) $221.8M Long-term care Managed 59 Home 14.0M Home health care Long-term care health care $88.1M 39.7% services 16.7% $36.9M homes owned hours
Slide 17: CBI Pro forma financial information and non-GAAP reconciliation
CBI Pro forma financial information and non-GAAP reconciliation Reconciliation of pro forma net operating income to Adjusted EBITDA and pro forma net earnings to FFO and AFFO Pro Forma Consolidated Financial Information and non-GAAP reconciliation Notes: CBI Home Extendicare (1) Represents the conso
Slide 18: Non-GAAP Financial Measures
Non-GAAP Financial Measures Non-GAAP Financial Measures “Debt to GBV” is a supplementary financial measure and is defined as the This presentation makes reference to certain non-International Financial ratio of total debt to gross book value (GBV), where total debt consists of all Reporting Standard
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