Doctor Care Anywhere Group PLC · ASX:DOC
Doctor Care Anywhere — Investor Presentation (October 2026)
16 slides from Doctor Care Anywhere's investor presentation, Oct 23, 2026
Slide 1: Strategy and Business Model Update: Investor Primer
Strategy and al use only Business Model Update Investor Primer: summary 23 October 2026 Doctor Care Anywhere Group PLC (ASX: DOC) (“Doctor Care Anywhere”, “DCA” or the “Company”) ARBN: 645 163 873 1 © 2026 Doctor Care Anywhere
Slide 2: What is DCA?
What is DCA? A profitable UK virtual healthcare provider, reset since January 2025 al use only 4 services May 2026 CQC Regulated by the Care Quality Commission, GP, mental health, physiotherapy and GLP-1 weight management, sold direct to which rates the service “Requires health assessments, on DCA's
Slide 3: The reset is working
The reset is working Profit, cash and diversification al use only EBITDA, twelve months to 30 June 2026 Cash at 30 June 2026 Subscription share, H1 FY26 £4.9m £7.7m 10.8% FY2025 £4.4m, or £5.3m underlying, from Up 60% in a year. Free cash flow £1.5m in H1 From 7.1% in H1 FY25, driven by the weight-
Slide 4: What has changed since January 2025
What has changed since January 2025 New leadership has rebuilt the operating model When What al use only January 2025 Laura O'Riordan joins as Chief Executive 2025 Mental health practitioners and physiotherapists added; clinical mix moved to 60:40 GP to ACP May 2026 Weight-management business bought
Slide 5: The opportunity
The opportunity DCA holds about 0.6% of a £6.3bn UK telehealth market UK telehealth market Segment growth al use only DCA revenue, FY2025 £6.3bn About 8% a year £38.0m DCA's estimate, drawing on Grand View DCA's estimate for the employer-funded and About 0.6% of the market Research self-pay virtual
Slide 6: Where demand comes from, and who competes for it
Where demand comes from, and who competes for it NHS waiting lists create the demand. Other providers compete for it. al use only Insurer Virtual GP delivery DCA's largest customer relationship DCA The demand signal Bupa Its own group entity 7.3 million Vitality Livi, with HealthHero added in Februa
Slide 7: How DCA makes money
How DCA makes money Two revenue lines on one clinical platform al use only Utilisation revenue Subscription revenue Paid per consultation, most of it under insurer Paid monthly or annually by employers and by people directly. Includes agreements. DCA carries no underwriting risk weight management £1
Slide 8: How to model DCA
How to model DCA Five lines, every one a figure we report Line H1 FY26 Free cash flow, as we define it al use only Net cash from operating activities less purchases Consultations 354,900 of property, plant and equipment and of intangible assets, before lease payments and financing flows. × Revenue p
Slide 9: The model at work: a result
The model at work: a result The half year to 30 June 2026, line by line Line H1 FY25 H1 FY26 What moved it al use only Consultations 349,900 354,900 Up 1.4% Utilisation revenue £17.9m £18.2m Volume, at a steady revenue per consultation (£51.5 in FY25, £51.4 in H1 FY26) Subscription revenue £1.3m £2.
Slide 10: The model at work: three more announcements
The model at work: three more announcements Each kind of announcement moves a different line Announcement Line it moves What it showed al use only A new service: mental health practitioners and Contribution margin 43.5% in FY2025 from 38.3%, both underlying, Margin first, then volume physiotherapist
Slide 11: How to evaluate DCA
How to evaluate DCA Three numbers, eight levers Consultations Revenue Subscription share al use only Consultations, total revenue, subscription revenue and cash at bank are reported every quarter, and together give subscription share. Customer concentration is reported once a year. Insurer volume We
Slide 12: What you can expect from us
What you can expect from us The same figures, every quarter Figure Each quarter Each half year Each full year Consultations Yes Yes Yes And every announcement says which al use only line of the model it moves Revenue Yes Yes Yes A customer or partner: who pays, which Subscription revenue, including
Slide 13: Where DCA is going
Where DCA is going The Company's vision, and what would show it is off course “DCA has built a trusted digital clinical infrastructure and distribution at scale, and can use that platform to keep people well, deliver rapid care, and add new pathways efficiently.” al use only Five areas of growth, in
Slide 14: Who runs it
Who runs it A new leadership team, with the founder on the board Role Who Background al use only Chair John Stier Formerly Group CFO of Northgate Information Solutions and Equiniti Chief Executive Laura O'Riordan Formerly President of eMed Healthcare UK; joined January 2025 Chief Financial Officer L
Slide 15: Three Hard Facts
Three Hard Facts Set out in full, so progress can be measured against them Customer concentration al use only The convertible notes The maturity 89% £10.6m 31 Dec 2027 of H1 FY26 revenue from insurance, Interest-free, just over half held within that The notes convert, are repaid, or a mix of the red
Slide 16: One set, updated every quarter
One set, updated every quarter • The full Strategy and Business Model Update: every lodged input, sourced, and the complete model. • The short version: the business and the model in six pages. • This presentation. al use only All three are updated after every quarterly update, half-year and full-yea
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