Acadia Healthcare Company, Inc. · NASDAQ:ACHC
Acadia Healthcare — Q3 2026 Earnings Presentation
21 slides from Acadia Healthcare's earnings presentation, Nov 4, 2026
Slide 1: 2026 Earnings - 3rd Quarter
HEALTHCARE 2026 Earnings - 3rd Quarter November 5, 2026
Slide 2: Safe Harbor
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Slide 3: Strong performance in Q3
Strong performance in Q3 3Q26 Revenue, Adj. EBITDA, and Adj. EPS exceeded expectations Pez Neves suro08 eset lance for Revenue ($5.44 ~$3.466), Adj. EBITDA ($615~$625M), Ad 5 EPS (5170 - $180), Operating Cash Flows ($375 $400M), and reducing 2026 Guidance for Capital Expenditures ($210 - $230M) ‘Add
Slide 4: Third Quarter 2026 Results
Third Quarter 2026 Results 3Q2026 Results 3Q.2025 Results % Change evenue $895 $852 5% Adj. EBITDA $176 $173 2% Adj. EPS $0.60 $0.72 079% opereund om $98 $73 34% Eis $51 $136 (63)% ACADIA.
Slide 5: Revenue Bridge
Revenue Bridge Actual 00S Ac overs a. ‘2 Denial startups
Slide 6: Adjusted EBITDA Bridge
Adjusted EBITDA Bridge 3Q25 Actual to 3Q26 Actual Closures ComporatekaQ526 ACADIA. «
Slide 7: Same Facility Volume Growth Drivers
Same Facility Volume Growth Drivers 3Q26 Actual ‘Same Facility Patient Day Growth! SGroweh 1% Legacy Feciity y25-25Remping g NYMDCD = Same ecilty ‘Growth? Facilities Patient Day Growth
Slide 8: Same Facility Revenue per Patient Day Drivers
Same Facility Revenue per Patient Day Drivers 3Q26 Actual Same Faci Underlying Rate Mix Bad Debts Growth shift + & Denials 4.0% ‘Same Facility Revenue per Patient Day ACADIA.
Slide 9: New facility openings represent $200M incremental EBITDA opportunity
New facility openings represent $200M incremental EBITDA opportunity Bed adds by year’ 10988 Total beds as of EOY 2022 ae Les 308 1089 Grossbes adds 852 S005 595, rs ross bes 20% net 2024 net 7025net _—2026—_—~Pro- bedadds bedadds bed adds estimated Forma '26 net bed Bed Count ‘adds? Projected Il Ac
Slide 10: Total Capital Expenditures and Cash Flow from Operations
Total Capital Expen 3Q25 Actual to 3Q26 Actual ures and Cash Flow from Operations Total cxptlExpenlturee cash low rom Operations she r ? a & a sos seas Mi crowth Capex [ll Routine Capex [cash Flow from Operations 3Q26 Free Cash Flow’ of $47M improved by $110M compared to 3Q25 ACADIA. »
Slide 11: Key Balance Sheet Statistics
Key Balance Sheet Statistics Debt Balances as of September 30, 2026 Sin Millions $2.400 Net Leverage? is ~3.9x TTM September 30, 2026 Adjusted EBITDA $2250 Expected end of 2026 Net Leverage? Ratio between 3,6x - 3.8x Total Cash & Cash Equivalents of $163M as of September 30, 2026 Gross Debt’ Cash Ne
Slide 12: Full Year 2026 Guidance
Full Year 2026 Guidance Revenue ‘Adj. EBITDA Adj. EPS op Capital Expenditures 1g Cash Flow Full Year 2026 Guidance (November) $3,440 ~ $3,460 $615 -$625 $1.70 - $1.80 $375 - $400 $210 - $230 Full Year 2026 Guidance (uly) $3,400 ~ $3,450 $590 - $615 $1.45 ~ $160 $350-$400 $235 - $255 +825 +518 Change
Slide 13: Full Year 2026 Guidance Assumptions
Full Year 2026 Guidance Assumptions ‘Same Facility Patient Day Growth ‘Same Facility Revenue per Patient Day Growth Total Bed Additions Startup Losses Depreciation and Amortiz Interest Expense ‘Stock Compensation Expense mn Expense Tax Rate Assumption 1-2% 25-35% ~550 $45 -$47 $203- $208 $148 - $153
Slide 14: Acadia Healthcare
ACADIA HEALTHCARE
Slide 15: Revenue by Service Line
Revenue by Service Line Three Months Ended September 30, 2026 2025 %Change Acute Inpatient Psychiatric Faci $525 sen 1% Specialty Treatment Facilities $136 $148 (e%) ‘Comprehensive Treatment Centers so 45 (2%) Residential Treatment Centers $93 $88 % Total Revenue $095, $es2 5% ACADIA.
Slide 16: Adjusted EBITDA Reconciliation
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Slide 17: Adjusted Earnings per Share Reconciliation
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Slide 18: Other Information (1/4)
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Slide 19: Other Information (2/4)
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Slide 20: Other Information (3/4)
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Slide 21: Other Information (4/4)
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Acadia Healthcare Company — Q3 2026 Earnings Presentation on 6ix