Carecloud, Inc. · NASDAQ:CCLD
Carecloud — Medical Transcription Billing — IPO Roadshow (October 2015)
26 slides from Carecloud's IPO roadshow presentation, Oct 19, 2015
Slide 1: Corporate Presentation – October 2015
0 Medical Transcription Billing, Corp. June 2015 Medical Transcription Billing, Corp. (NASDAQ: MTBC) Corporate Presentation – October 2015 Issuer Free Writing Prospectus Filed Pursuant to Rule 433 Registration No. 333 - 205664 October 19, 2015
Slide 2: Statement about Free Writing Prospectus
1 This free writing prospectus relates to the proposed public offering of Series A Preferred Stock of Medical Transcription Billing, Corp . (the “Company”), which is being registered on a Registration Statement on Form S - 1 /A (No . 333 - 205664 ) (the “Registration Statement”) . This free writing
Slide 3: Forward-Looking Statements
2 Forward - Looking Statements This presentation contains forward - looking statements within the meaning of the federal securities laws . These statements relate to anticipated future events, future results of operations or future financial performance . In some cases, you can identify forward - lo
Slide 4: Transaction Overview
3 Transaction Overview Issuer Medical Transcription Billing, Corp. Exchange: Symbol NASDAQ: MTBCP (1) Shares offered 11% Series A Cumulative Redeemable Perpetual Preferred Stock (2) Par Value $25.00 per share Offering Size $5,000,000 Over - Allotment Option 15% Use of Proceeds Acquisitions and organ
Slide 5: MTBC Highlights
4 Healthcare information technology company Scalable, cost - efficient business model with p redictable recurring revenue ▪ Cloud - based software ▪ Educated, low - cost offshore labor force with ~1,800 employees ▪ 95% of revenue visibility at the beginning of each quarter Highly experienced managem
Slide 6: MTBC Overview
5 MTBC is a healthcare information technology company that provides a fully integrated suite of proprietary web - based solutions, together with related business services, to healthcare providers. MTBC Overview Revenue Cycle Management Mobile Health Electronic Health Records Practice Management Inte
Slide 7: Experienced Leadership Team
6 Experienced Leadership Team Mahmud Haq – CEO and Chairman of the Board ▪ Former CEO of Compass International Services Corporation ( Nasdaq:CMPS ). Completed 14 acquisitions in 18 months during 1998 – 1999, growing revenue from $87 million at the time of IPO to a run rate of ~$180 million at the ti
Slide 8: Distinguished Board of Directors
7 Howard Clark Jr. ▪ Former CFO of American Express Company (NYSE:AXP) ▪ Former CEO, Chairman and Vice Chairman of Shearson Lehman and Vice Chairman of Barclays Capital Anne Busquet ▪ Board member of Pitney Bowes Inc. (NYSE:PBI), Intercontinental Hotels Group plc (LSE:IHG) and Provista Diagnostics,
Slide 9: Market Opportunity
8 Mobile Health Electronic Health Record Practice Management Revenue Cycle Management 1 - 10 ≥ 11 70% of physicians 30% of physicians Nasdaq : MTBC Market Opportunity ▪ 70 % of the 500K+ ambulatory physicians practice are in MTBC’s target market of 1 to 10 physicians Market opportunity: $13 billion
Slide 10: MTBC's Competitive Advantage
9 ▪ ~1,800 employees in Pakistan, with 200 dedicated technology professionals ▪ English - speaking, college educated ▪ ISO 27001 certified / HIPAA compliant ▪ Redundant backup facility four hours away ▪ Nominated for 2015 U.S. Secretary of State’s Award for Corporate Excellence MTBC’s Competitive Ad
Slide 11: Growth Strategy: Acquisition
10 Leverage lower costs into EBITDA growth Migrate customers to MTBC platform Acquire ambulatory RCM companies Market Opportunity ▪ Large market with over 1,500 RCM providers ▪ Highly fragmented with no single provider over 5% market share Potential customer acquisition models ▪ Seller financing ▪ A
Slide 12: Growth Strategy: Organic
11 Growth Strategy: Organic ▪ Integration between partner’s EHR and MTBC’s RCM/PM ▪ Partner promotes MTBC and provides qualified leads ▪ Integration between partner’s EHR and MTBC’s RCM ▪ Partner promotes MTBC and provides qualified leads ▪ Interfaces to 350 EHR systems ▪ Integration X - link and MT
Slide 13: MTBC Integrated Solutions
12 MTBC Integrated Solutions ▪ Automates the labor - intensive workflow of medical offices in a unified and streamlined platform. • Online p atient scheduling, automated reminders • Real time insurance eligibility and deductible details ▪ Enter and view patient information online, avoiding the need
Slide 14: Industry Drivers
13 Industry Drivers MTBC’s technology offers healthcare providers a cost - effective, single - sourced vendor to meet the requirements of a changing regulatory landscape while simultaneously lowering costs. Affordable Care Act ICD - 9 to ICD - 10 Conversion EHR Meaningful Use ▪ Creates unprecedented
Slide 15: mHealth
mHealth Ep = James, smith 9 09:20AM June26,2015 14
Slide 16: Electronic Health Record
15 Electronic Health Record
Slide 17: Practice Management System Aging Widget
16 Practice Management System Aging Widget
Slide 18: Business Intelligence
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Slide 19: MTBC Financial Snapshot
18 Quarterly Adjusted EBITDA Annual Revenue MTBC Financial Snapshot $10 $18 $25 $5 $15 $25 2013 2014 LTM as of June 2015 ($0.8) ($0.9) ($0.7) ($0.1) ($1.0) ($0.5) $0.0 $0.5 $1.0 Q3 2014 Q4 2014 Q1 2015 Q2 2015 (in $ millions)
Slide 20: Revenue Model
19 ▪ MTBC’s pricing is among the most competitive in the industry ▪ Aligns MTBC with financial goals of our customers ▪ One to three year contracts, with auto - renewal ▪ Includes our integrated mHealth, EHR, practice management solution and revenue cycle management ▪ Optional chargeable services in
Slide 21: Integration Progress
20 Integration Progress ▪ As part of the IPO, MTBC acquired 3 companies on July 28, 2014 ▪ Doubled Pakistan workforce to accommodate workload from acquisitions ▪ Eliminated need for 450 subcontractors in India by Jan 2015 (double the cost of Pakistan employees) ▪ Lease costs reduced by more than 65%
Slide 22: Revenue Trends
21 $5.2 $12.1 - $5 $10 $15 1H 2014 (1) 1H 2015 (3) NOTES: 1) 2013 and 1H 2014 revenues reflect MTBC prior to the 3 acquisitions at the time of the IPO 2) 2014 revenue includes the 3 acquired businesses from July 28 – December 31, 2014 3) LTM 2015 revenue covers July 1, 2014 – June 30, 2015, and incl
Slide 23: EBITDA Trends
22 EBITDA Trends Adjusted EBITDA (all $ in millions) 2009 - 2012 MTBC 2013 MTBC (Pre - Acquisitions) Target Margin (Post - Integration) Adjusted EBITDA Margin 7 – 12% 11% 30% ▪ Because we added staff offshore in advance of reducing staff onshore, there were necessary duplicate expenses post - IPO in
Slide 24: Use of Proceeds
23 Use of Proceeds Use of Proceeds : $5 M Preferred Stock raise NOTES: (1) After the first quarter in which MTBC’s Adjusted EBITDA is greater than the quarterly dividend, the proceeds remaining in this account may be used for corporate purposes 5.0 2.8 1.1 1.1 $5.0 $5.0 - $2.5 $5.0 Sources Uses Pref
Slide 25: Capitalization / Ownership Table
24 Capitalization / Ownership Table OWNERSHIP TABLE as of Holder Name # of Common Shares (Total) % of Common Shares # of Fully Diluted Shares % of Fully Diluted Shares Officers & Directors Mahmud Haq (CEO & Chairman of the Board) 4,801,070 43.4% 4,801,070 39.4% Other Officers and Directors 121,017 1
Slide 26: MTBC Highlights
25 MTBC Highlights Healthcare information technology company Scalable, cost - efficient business model with p redictable recurring revenue ▪ Cloud - based software ▪ Educated, low - cost offshore labor force with 1,800 employees ▪ 95% of revenue visibility at the beginning of each quarter Highly exp
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