Envision Healthcare — Merger or Acquisition (June 2016)
17 slides from Envision Healthcare's merger presentation, Jun 16, 2016
Slide 1: Exhibit 99.1 June 2016
Exhibit 99.1 Exhibit2016 JUNE 99.1
Slide 2: Additional Information Related to This Communication
INFORMATION No This (“AMSURG”) meeting consideration. Statement respective business become statement/prospectus www.sec.gov. Participants Envision, of shareholders on above. 2be Envision contained April Offer communication Other available the 22, combination combination. or AMSURG on shareholders an
Slide 3: Forward-Looking Statements and Non-GAAP Financial Information
FORWARD-LOOKING Forward-Looking Certain events “may,” AMSURG’s statements Forward-looking and combination realize employees, for Non-GAAP This Pro considered by Adjusted realized attributable amortization, ratios, distributions obligations 3severance GAAP aForma uncertainties presentation discussion
Slide 4: Proposed Merger Creates a Nationwide Healthcare Leader
PROPOSED William Executive (current of Differentiated suite solutions national scale… …driving significant growth segments… $8.5 $1.1 $720 Combined $100 Expected Accretive Double-digit Source: (1) (2) (3) 4(4)Envision) Adjusted Accretive LTM Unlevered billion of million across partnership patients…
Slide 5: Creating Significant Value for All Shareholders
CREATING Transformational Well Accelerates Highly Expansion Strong Pro Financially Expected POSITIONED Notes:(1) 5EBITDA Forma positioned Cash differentiated fragmented of to LTM opportunities Net Compelling Growth certain be Flow SIGNIFICANT FOR accretive Debt Total for Strategic and $180 acquired
Slide 6: Summary of Transaction Terms and Structure
SUMMARY Transaction Structure Ownership $100 Synergies William Corporate Information, Leadership and Governance Company Pro Financing Expected Timing—Shareholder Approvals Notes:(1) 6companies. Forma Combined million A.AMSURG close LTM Approximately headquarters Chairman Committed Subject Net Pro Sa
Slide 7: Refinancing to Optimize Pro Forma Capital Structure
REFINANCING New $1,010 $250 $1,273 Pro $1.0 No Allows Facilitates JPMorgan PRO Cash Total Net Source: (1) 7EBITDA LTM near-term Forma Leverage Billion debt FORMA million $Leverage Secured Debt million 0.3 de-levering Company Total of used and continued $capital billion certain ABL 5.7 AMSURG maturit
Slide 8: Combination of Two Best-in-Class Platforms
COMBINATION Headquarters: Market LTM Adj. 51,000 Employees: Highlights 12,400 Over EmCare: Complementary specializes lower-risk Revenues Other 6% Evolution Emergency Children’s 34% Transport Medical 50% Hospitalist 3% Source: 39% Anesthesia 46% ASC 4% Radiology 8defined 1% ED/ 2% EBITDA: 900 Metrics
Slide 9: Transformational Combination: Shared Vision
TRANSFORMATIONAL Pursuit Greater Enhanced Performance Specialization Local Creates MORE 18.0 Encounters 3.6 Transports SHARED 9THEmm mm HIGHEST Relevance of… THAN Scale value 1.7 Patient continuum VISION: Procedures Encounters mm Excellence and by creates 28.6 QUALITY 5.3 delivering Scope TO MM mm o
Slide 10: Changing Today's Healthcare Marketplace
CHANGING TODAY’S Comprehensive Traditional Limited Infrastructure Fragmented Focus Fee-for-Service Outcomes, ESTABLISHED 10 Multi-Specialty Quality MARKETPLACE Efficiency Group Single-Specialty HEALTHCARE Quality Value-Based Provider Management LEADER Practices & Provider Proven Experiences Groups I
Slide 11: Differentiated Suite of Clinical Solutions and Business Mix
DIFFERENTIATED TRUSTED 1E LTM Transport Medical Acute Post- Center Surgery Radiology Services Children’s iology Anesthes- Hospitalist $4.5bn ASC $1.0bn $2.0bn port Trans- $8.5bn $1.3bn Maternal Other ED Hosp. $1.1bn Anest. $3.0bn Source: Notes: applied 11D and / BUSINESS $3.8bn Other (1) Anest. ASC
Slide 12: Growth Catalyst: $180 Billion Highly Fragmented Addressable Markets
GROWTH $180 Total Emergency Department Hospitalist Tele-radiology Services $41bn 7% 99% 8% 6% 14% 86% 3% 20% ED 79% National Source: 12 /10% 95% 82% Hospitalist Annual BILLION $20bn Public Services Providers 1%Services CATALYST Radiology &Expenditures $18bn 90% Anesthesiology filings, HIGHLY Anesthe
Slide 13: National Footprint Aligns with High-Performing Clinical Networks
NATIONAL >2,300 Market Locations Combined EVHC AMSURG ENHANCED TO Notes: 13 BUILD (1) 48 Presence and Location 780 Presence HIGH PRESENCE FOOTPRINT Contracts(1) (MSA) PERFORMING and contract States ALIGNS count Hospitals CLINICAL WITH based PARTNERS onNETWORKS combined ASC locations, hospital depart
Slide 14: Significant Greenfield and Cross-Sell Opportunities
SIGNIFICANT Greenfield TOTAL There 3,077 2,297 780 2,137 Expansion Current …significant EMERGENCY 6O 58 emergency 40 Emergency opportunity 28 46 ANESTHESIA hospitals 16 238 19 Only 96 anesthesia Anesthesia 74 at 162 35 National Sheridan Hospital Other EmCare Local CAPITALIZE 14 nly more32% 17% Targe
Slide 15: Leaders with Track Record of Success and Integration Plan
LEADERS Bill Exec Claire Chief Ambulatory COMMITMENT Since Demonstrated Differentiated Each Standalone TARGETED Proven Strongest Near-Term Corporate Alignment Focus Combination Shared 15 years Sanger Chairman management Financial 2010, on Gulmi values execution with Creating combination overhead of
Slide 16: Adding Value for Key Stakeholders
ADDING Trusted, Driven, Partner Accelerated Improved Growth Highly Efficiency Workforce Based 16 Solutions Engaged Grow Strategic Outcomes Performance VALUE Innovative, Quality, National Improve, and FORHelping Value- KEY Footprint Adapt STAKEHOLDERS Providers andfor
Slide 17: Envision & AMSURG
aa covision & AMSURG
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