Acadia Healthcare Company, Inc. (NASDAQ:ACHC) Q2 2022 Earnings Conference Call July 28, 2022 9:00 AM ET Company Participants Christopher Hunter - Chief Executive Officer and Director David Duckworth - Chief Financial Officer Gretchen Hommrich - Vice President, Investor Relations Conference Call Participants Andrew Mok - UBS Whit Mayo - SVB Securities Kevin Fischbeck - Bank of America Brian Tanquilut - Jefferies Benjamin Hendrix - RBC Capital Markets A.J. Rice - Credit Suisse John Ransom - Raymond James Matt ...

Table of contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | |---------------------------------------------------------------------------------------|-----------------------------------------------------| | | | | For th ...

Financial Data and Key Metrics Changes - Revenue for Q1 2022 increased by 11.9% to $616.7 million compared to $551.2 million in Q1 2021 [20] - Adjusted EBITDA for Q1 2022 was $135.5 million, up from $119.5 million in the same period last year, with an adjusted EBITDA margin of 22% compared to 21.7% previously [20] - Adjusted income attributable to Acadia stockholders per diluted share was $0.67 [20] - Same-facility revenue increased by 8.6%, driven by a 6.2% increase in revenue per patient day and a 2.2% increase in patient days [21] Business Line Data and Key Metrics Changes - The company added 28 beds to current facilities in Q1 2022 and plans to add approximately 300 beds through facility expansions in the calendar year [12] - The Comprehensive Treatment Centers (CTCs) opened one new location in Virginia in Q1 2022, with plans to open at least five more CTCs throughout the year [13] Market Data and Key Metrics Changes - The company reported a strong demand for behavioral health services, with a focus on addressing the growing need for mental health treatment [10] - The payer mix for the company showed commercial volumes at just over 30%, contributing to the strong revenue per patient day performance [29] Company Strategy and Development Direction - Acadia's growth strategy includes facility expansions, development of de novo facilities in underserved markets, joint venture partnerships, and acquisition opportunities [11][14] - The company aims to leverage technology and digitization to enhance operational efficiency and revenue [27] - The management is focused on addressing the tight labor market while maintaining high standards of patient care [17] Management's Comments on Operating Environment and Future Outlook - The management acknowledged the challenges posed by the COVID-19 pandemic and labor market but expressed confidence in the company's ability to navigate these issues [19][17] - The CEO emphasized the importance of continuing to execute on strategic growth plans and expanding market reach to meet the increasing demand for behavioral health services [15][18] Other Important Information - The company has a strong balance sheet with $140.4 million in cash and cash equivalents and $440 million available under its revolving credit facility [22] - Acadia is affirming its 2022 guidance, projecting revenue between $2.55 billion and $2.6 billion, adjusted EBITDA between $575 million and $610 million, and adjusted earnings per diluted share between $2.85 and $3.15 [23] Q&A Session Summary Question: Strategy enhancement opportunities - The CEO noted the diversification across behavioral health services and expressed excitement about future growth prospects while emphasizing the need for technology adoption [26] Question: Sustainability of revenue per patient day growth - The CFO attributed the strong revenue per day performance to rate increases from payers and collaborative relationships with managed care organizations [29] Question: Changes in construction strategy due to increased activity - The CFO confirmed that the company is focusing on resources needed for growth and enhancing efficiencies in the construction process [33][34] Question: Labor model evolution in CTC business - The CFO explained that the staffing model in CTCs differs from acute care, with a higher utilization of LPNs and a focus on recruiting counselors and therapists [36] Question: Impact of pricing trends on demand - The CFO highlighted strong reimbursement increases across service lines, particularly from commercial payers, contributing to overall revenue growth [49] Question: Telemedicine opportunities - The CEO acknowledged the successful use of telehealth during the pandemic and indicated potential for further innovation in this area [54] Question: CTC revenue contribution - The CFO confirmed that CTCs contributed around 15% to 16% of revenues in Q1 2022, equating to approximately $100 million for the quarter [55][56] Question: Length of stay trends - The CFO attributed the increase in length of stay to factors including the Omicron variant and changes in patient acuity, with expectations for continued trends throughout the year [70][71]

Table of contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------ ...

Acadia Healthcare Company, Inc. (NASDAQ:ACHC) Q4 2021 Earnings Conference Call March 1, 2022 9:00 AM ET Company Participants Gretchen Hommrich - Vice President,, Investor Relations Debbie Osteen - Chief Executive Officer David Duckworth - Chief Financial Officer Conference Call Participants Brian Tanquilut - Jefferies A.J. Rice - Credit Suisse Kevin Fischbeck - Bank of America Whit Mayo - SVB Leerink Pito Chickering - Deutsche Bank Andrew Mok - UBS Matthew Borsch - BMO Sarah James - Barclays Operator Good ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-35331 ACADIA HEALTHCARE COMPANY, INC. (Exact name of registrant as specified in its charter) Delaware 45-2492228 ( ...

Acadia Healthcare Company, Inc. (NASDAQ:ACHC) Q3 2021 Results Conference Call October 29, 2021 9:00 AM ET Company Participants Gretchen Hommrich - Director, IR Debbie Osteen - CEO David Duckworth - CFO Conference Call Participants Brian Tanquilut - Jefferies A.J. Rice - Credit Suisse Pito Chickering - Deutsche Bank Andrew Mok - UBS Kevin Fischbeck - Bank of America Whit Mayo - SVB Leerink Frank Morgan - RBC Capital Markets Sarah James - Barclays Ben Rossi - BMO Operator Good morning, and welcome to the Acad ...