Slide 1: Growing together for a bright future
Growing together for a bright future Q2 2023 Results Conference Call August 11, 2023
Slide 2: Forward-looking statements and non-GAAP measures
Forward-looking statements and non-GAAP measures Forward-looking Statements Forward-looking statements can often be identified Management’s Discussion and Analysis filed by by the expressions “anticipate”, “believe”, Extendicare with the securities regulatory This presentation contains forward-looki
Slide 3: Q2 2023 operating highlights
Q2 2023 operating highlights • Revenue improvements across all business segments driven by the recovery of home care volumes and funding enhancements vs. Q2 vs. Q1 2022 2023 LTC occupancy +470 bps +60 bps Home health care ADV +7.7% +4.1% SGP customer base +12.9% +3.3% • Further improvement in LTC oc
Slide 4: Strategic transformation advancing
Strategic transformation advancing Close of the Revera transactions leverages our scale and expertise to advance the delivery of high-quality care Revera transactions closed August 1, 2023 Aggregate proceeds paid $32.6M, net of holdbacks, and assumption of our 15% share of JV debt of $37.1M, in line
Slide 5: Continued commitment to long-term care redevelopment
Continued commitment to long-term care redevelopment Commenced construction of 256-bed LTC home in Peterborough • Construction of a new 256-bed LTC home in Peterborough commenced in May 2023 to be completed in Q4 2025 • Together with Sudbury, Kingston and Stittsville, these four projects comprise 96
Slide 6: Financial review
Financial review Q2 2023 Extendicare ParalMled “assist =< Better alltogether
Slide 7: Consolidated results
Consolidated results Three and six months ended June 30, 2023 ($ millions, except per share amounts) • Q2 NOI decreased $1.9M to $28.5M; excluding the impact in Q2 Q2 YTD YTD Q2 2022 of workers compensation rebates of $3.9M and a 2023 2022 Change 2023 2022 Change recovery of COVID-19 costs of $0.5M,
Slide 8: Long-term care
Long-term care Three and six months ended June 30, 2023 Revenue • Q2 revenue up $0.7M; excluding reduction in COVID-19 funding of $13.4M, Q2 2023 $182.4M 0.4% revenue up $14.1M due to funding enhancements and timing of spend, including YTD 2023 $390.0M 2.2% Ontario flow-through funding of $8.5M and
Slide 9: Home health care
Home health care Three and six months ended June 30, 2023 Revenue • Q2 revenue up $9.6M; excluding reduction in COVID-19 funding of $4.2M, revenue up $13.8M, reflecting 7.7% increase in ADV, billing rate increases and $2.7M PSW Q2 2023 $116.3M 8.9% wage enhancement funding YTD 2023 $223.8M 8.9% • Q2
Slide 10: Managed services | Extendicare Assist and SGP
Managed services | Extendicare Assist and SGP Three and six months ended June 30, 2023 Revenue • Q2 revenue up $0.7M due to growth in SGP clients and mix of Assist consulting services Q2 2023 $8.8M 8.1% • Q2 NOI up $0.1M on revenue growth, partially offset by higher YTD 2023 $18.5M 20.0% costs relat
Slide 11: Extendicare: services that cross the care continuum
Extendicare Services that cross the care continuum Direct services to seniors Managed services(1) Long-term care Home health care Management and Group purchasing Consulting Services services 53 9.5M 73 123K Long-term care Home health care Homes under Third-party homes owned hours delivered (TTM) man
Slide 12: Strong financial position
Strong financial position June 30, 2023 Available demand Undrawn construction Long-term TTM Adjusted NCIB renewed June 30, 2023 EBITDA interest Debt to Weighted Cash facilities financing(2) debt(1) coverage GBV average rate • Acquired 627,500 common shares in 2023 under the NCIB that expired in June
Slide 13: Helping people live better: strategic direction
Strategic direction Canada’s leader in Establish & leverage partnerships seniors’ care services: with other care providers to better long-term care & integrate seniors’ care with the rest of home care the health system Use technology to improve Helping Known for communications & leverage data analyt
Slide 14: Thank you
Thank you : Extend ParaNled EXTENDICARE$ Redefining Care Better all together
Slide 15: Appendix
Appendix Extendicare ParaNvled “assist =< Better alltogether
Slide 16: Estimated COVID-19 revenue, operating expenses and administrative costs
Estimated COVID-19 revenue, operating expenses and administrative costs Three and six months ended June 30, 2023 2023 2022 2021 2020 (millions of dollars) Q2 Q1 YTDQ2 Q4 Q3 Q2 Q1 YTDQ2 Year Year Year Revenue Long-term care 3.6 24.1 27.7 14.4 18.7 17.0 43.1 60.1 93.2 121.2 62.5 Home health care 0.3 0
Slide 17: Results – NOI by division
Results – NOI by division(1) Three and six months ended June 30, 2023 ($ millions) Long-term Care NOI and Margin(1) Home Health Care NOI and Margin(1) Q2 Q2 YTD YTD Q2 Q2 YTD YTD 2023 2022 Change 2023 2022 Change 2023 2022 Change 2023 2022 Change $13.9 $14.9 -7.1% $29.0 $27.8 4.2% $10.1 $7.5 34.7% $
Slide 18: Helping people live better
Helping people live better