Teladoc Health, Inc. · NYSE:TDOC
Teladoc Health — 44th Annual J.P. Morgan Healthcare Conference 2026
19 slides from Teladoc Health's conference presentation, Jan 12, 2026
Slide 1: Transforming how better health happens
Transforming how better health happens J.P. Morgan Healthcare Conference January 2026
Slide 2: Safe Harbor
Safe Harbor This presentation contains, and the officers of Teladoc Health, Inc. (the “Company” or “Teladoc Health”) may make, “forward-looking” statements that are based on management’s beliefs and assumptions and on information currently available to management. These forward-looking statements in
Slide 3: Teladoc Health is the global leader in virtual care
Teladoc Health is the global leader in virtual care We are delivering and orchestrating care, transforming virtual care into a catalyst for how better health happens. $2.5B $272M 17M+ 40K+ 12K+ Revenue1 AEBITDA1 Visits2 Clinicians3 Clients UNIQUE CAPABILITIES DELIVERED AT SCALE TWO OPERATING SEGMENT
Slide 4: Integrated Care Segment
Integrated Care Segment Virtual care services and technology, clinical expertise addressing comprehensive health needs at scale Broad spectrum of solutions, powered by data, AI and technology • Virtual care delivery (24/7 urgent care, primary $1.6B $227M Revenue1 AEBITDA1 care, preventive care, sele
Slide 5: BetterHelp Segment
BetterHelp Segment Leading virtual therapy platform globally, improving access and outcomes at scale Consumer-oriented operating model • Self-pay and growing in-network insurance coverage option $1.0B $45M Revenue1 AEBITDA1 Addressing significant unmet need • 40% of new users accessing mental health
Slide 6: Teladoc Health is uniquely positioned to address key healthcare challenges
Teladoc Health is uniquely positioned to address key healthcare challenges MEDICAL CHRONIC DISEASE MENTAL HEALTH PRESSURE ON COST INFLATION PREVALENCE CHALLENGES CARE PROVIDERS Teladoc Health’s virtual Teladoc Health offers Teladoc Health delivers Teladoc Health equips care business model drives int
Slide 7: Clear strategic priorities set the foundation for sustainable long-term performance
Clear strategic priorities set the foundation for sustainable long-term performance Enhancing U.S. Advancing our scaled Integrated Care mental health position through innovation to to increase access and deliver greater value and improve mental health and impact for clients and wellbeing members Bui
Slide 8: In 2025, we advanced key initiatives and strengthened the company's position
In 2025, we advanced key initiatives and strengthened the company’s position Enhancing U.S. Building upon our leading Advancing our scaled Driving operational Integrated Care global presence mental health position excellence • Accelerated product • Delivered double-digit • Accelerated in-network • S
Slide 9: Launched new 24/7 Care capabilities, serving more needs and delivering greater value
Launched new 24/7 Care capabilities, serving more needs and delivering greater value for clients and members With millions of 24/7 Care visits each year, we support better health at meaningful scale • Treating a wider range of conditions + 95% of member needs addressed in a 24/7 Care visit, reducing
Slide 10: Driving value by delivering high-quality integrated care that improves cardiometabolic health
Driving value by delivering high-quality integrated care that improves cardiometabolic health Unique holistic approach across populations, conditions and needs: diabetes, hypertension, mental health, sleep, weight and nutrition 66% decrease in members with poor control of A1c, blood pressure and BMI
Slide 11: Expanded hybrid care models, combining our proprietary technology and care delivery services
Expanded hybrid care models, combining our proprietary technology and care delivery services Increasing access to high quality care, including rural and remote locations Virtual Emergency • Addressing staffing challenges by and Primary Care extending provider capacity in hospitals and health systems
Slide 12: Accelerating BetterHelp insurance coverage: more consumer choice
Accelerating BetterHelp insurance coverage: more consumer choice and a catalyst for strengthening business outlook Strong BetterHelp brand awareness and reach brings millions of users to platform +120M covered lives through • Broad health plan access with robust in-network arrangements pipeline of n
Slide 13: Strong Financial Position
Strong Financial Position Supports strategic priorities and investments to drive future growth BALANCE SHEET AND CASH FLOW HIGHLIGHTS 1 $726M ~1.0x $170M Cash and Net-Debt to Free Cash Cash Equivalents TTM Adjusted EBITDA Flow TTM KEY LEVERS Expand revenue Grow profitability Ensure financial strengt
Slide 14: Teladoc Health is the global leader in virtual care, demonstrating the power of virtual care
Industry leadership Diversified product INVESTMENT HIGHLIGHTS at unmatched scale, portfolio and operating positioned to expand approaches, innovating and deepen customer to address unique Teladoc Health is the global relationships market needs leader in virtual care, demonstrating the power of virtu
Slide 15: Appendix
Appendix Teladoc HEALTH
Slide 16: Reconciliation of GAAP Net Loss to Adjusted EBITDA
Reconciliation of GAAP Net Loss to Adjusted EBITDA FY 2022 FY 2023 FY 2024 3Q-24 LTM 3Q-25 LTM Net loss $(13,659,531) $(220,368) $(1,001,245) $(981,726) $(223,588) Add: Provision for income taxes (3,812) 760 7,592 10,869 (26,495) Other expense (income), net 859 (4,445) 6,035 (2,843) (2,650) Interest
Slide 17: Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow
Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow FY 2022 FY 2023 FY 2024 3Q-24 LTM 3Q-25 LTM Net cash provided by operating activities $189,292 $350,021 $293,680 $337,860 $292,517 Capital expenditures (16,480) (11,464) (10,790) (6,062) (12,406) Capitalized software devel
Slide 18: Non-GAAP Financial Measures
Non-GAAP Financial Measures • Adjusted EBITDA (“AEBITDA”) consists of net loss before provision for income taxes; other (income) expense, net; interest income; interest expense; depreciation of property and equipment; amortization of intangible assets; restructuring costs; acquisition, integration,
Slide 19: Thank you
Thank you Website ir.TeladocHealth.com Contact ir@teladochealth.com
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