Extendicare Inc. · TSX:EXE
Extendicare — Q3 2026 Earnings Presentation
18 slides from Extendicare's earnings presentation, Nov 6, 2026
Slide 1: Growing Together – Q3 2026 Conference Call
Growing Together Q3 2026 Conference Call November 6, 2026
Slide 2: Cautionary statement
Cautionary statement Forward-looking Statements results and developments discussed in the forward-looking evaluate the performance of the Company. The terms “EBITDA”, statements, as they are subject to a number of risks and “Adjusted EBITDA”, “net operating income” (“NOI”), “normalized This presenta
Slide 3: Q3 highlights
Q3 highlights Adjusted EBITDA(1), excluding out-of-period items, increased by 47.7% to $69.2M, including $19.6M from the CBI Home Health acquisition Q3 Q3 Adjusted EBITDA(1) 2026 2025 Reported $ 71.7M $ 50.8M +41.2% Excluding out-of-period items(2) $ 69.2M $ 46.9M +47.7% 111.5% YoY increase in home
Slide 4: Home Health acquisitions continue to perform
Home Health acquisitions continue to perform CBI Home Health Adjusted EBITDA ~23% ahead of announcement pro forma; CTG integration substantially complete • Annualized CBI Adjusted EBITDA is ~23% ahead of $597M $478M underwritten pro forma Adjusted EBITDA Revenue(1) +25% Revenue(3) (Annualized Q2- (T
Slide 5: Building for the future
Building for the future Advanced redevelopment program with opening of Extendicare Forest Trail, 256-bed home in Peterborough Forest Trail Upgrading our portfolio quality, driving management fee growth Port Stanley St. Catharines London Five LTC homes (1,152 new beds) under construction in Axium JV
Slide 6: Financial Review
Join our team and ‘grow together Financial Extend
Slide 7: Consolidated results
Consolidated results Q3 2026 Q3 2026 vs Q3 2025 • Q3 revenue up $187.6M; up $189.0M excluding out-of- Reported period items, driven primarily by the acquisition of CBI Home Health ($153.3M) and organic volume growth, partially offset Revenue NOI(1) by the closure of two legacy long-term care homes f
Slide 8: Home health care
Home health care ADV of 79,557 reflects contribution of CBI Home Health and continued strong organic growth • Q3 revenue up $186.8M; up $186.3M(3) excluding out- Home Health Care ADV and NOI Margins %(1)(2) 13.5% 13.6% 13.2% 13.3% 12.9% 13.1% of-period items, reflecting a 111.5% increase in ADV, dri
Slide 9: Long-term care
Long-term care Solid operating performance supports stable NOI margins on a trailing twelve-month basis Long-term Care NOI Margins %(1)(2)(3) • Q3 revenue down $0.2M; up $1.7M(3) excluding out-of- 15% period items, reflecting funding increases and improved 12.7% preferred occupancy, net of the closu
Slide 10: Managed services Extendicare Assist and SGP
Managed services Extendicare Assist and SGP 9.4% organic growth in SGP clients and newly opened joint venture homes SGP (3rd party and JV beds) 175,000 150,000 • Q3 revenue up $1.0M, largely driven by organic 125,000 growth in SGP clients and management fees from 100,000 newly opened joint venture h
Slide 11: Strong liquidity and credit metrics
Strong liquidity and credit metrics Pro forma Debt to Adjusted EBITDA improved to ~2.3x; ~$246M of available liquidity provides significant flexibility for capital allocation Debt Metrics(1)(3)(4) 10.2x As at September 30, 2026 10.0x 37.0% 7.9x 32.5% Available 31.4% Long-term Weighted Average 26.0%
Slide 12: 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 51,000(2) in Ont
Slide 13: Appendix
Appendix Extendicare
Slide 14: Services-focused growth
Services-focused growth Services represent ~62% TTM Q3 2026 NOI(1) Direct care for seniors NOI contribution by segment(1) Home health care Long-term care TTM Q3 2026 NOI(1) $299.0M Managed Home health care ~28M Home 57 services health care Long-term care 1 $149.7M 50.1% $36.4M hours(4) homes owned 1
Slide 15: Reconciliation of Net Earnings to Adjusted Net Earnings
Reconciliation of Net Earnings to Adjusted Net Earnings Three, nine and twelve-month periods ended September 30, 2026 Q3 Q3 YTD Q3 YTD Q3 TTMQ3 2026 2025 2026 2025 2026 “Adjusted net earnings” is defined as net earnings (loss), excluding Net earnings $34.2M $24.1M $105.8M $71.1M $131.4M the followin
Slide 16: Impact of out-of-period items
Impact of out-of-period items Three, nine and twelve-month periods ended September 30, 2026 • Q3 2026 results impacted by $2.5M of out-of-period funding; $0.5M in home health Impact of out-of-period items on Revenue, NOI, Adjusted EBITDA, Net care and $2.0M in LTC Earnings, Adjusted Net Earnings, FF
Slide 17: NOI by division, excluding out-of-period items
NOI by division, excluding out-of-period items(1) Three and nine months ended September 30, 2026 Home health care NOI and margin(1) Long-term care NOI and margin(1) Q3 Q3 YTD YTD Q3 Q3 YTD YTD 2026 2025 Change 2026 2025 Change 2026 2025 Change 2026 2025 Change $49.0M $25.4M +92.8% $123.3M $62.0M +98
Slide 18: Helping people live better
Helping people live better