Financial Data and Key Metrics Changes - Consolidated revenue for 2022 was $2.5 billion, a 25% increase year-over-year, with adjusted EBITDA of approximately $222 million, representing 8.9% of revenue [7][67] - The company issued 2023 revenue guidance of $2.575 to $2.6 billion and adjusted EBITDA guidance of $225 to $235 million, indicating confidence in continued growth [3][57] - Net loss from continuing operations for 2022 was approximately $32 million or $2.26 per share, while adjusted net income was approximately $103 million or $7.32 per diluted share [7][67] Business Line Data and Key Metrics Changes - Personal Care segment revenue in Q4 2022 was $176 million, a 12% increase year-over-year, with adjusted EBITDA of $16.6 million or 9.4% of revenue [8][107] - Mobility (NEMT) segment revenue increased 14% year-over-year to $459 million in Q4 2022, driven by a 16% increase in average monthly members [51][73] - Remote Patient Monitoring revenue increased 18% year-over-year to approximately $19 million in Q4 2022, with a total of $68 million for the full year [66][77] Market Data and Key Metrics Changes - Average monthly members increased approximately 3% sequentially, driven by consistent growth in referrals across the RPM business [9] - The company ended 2022 with approximately 35 million members, maintaining solid momentum heading into 2023 [3][73] - The reimbursement environment for personal care services is expected to remain favorable, supporting growth in this segment [6][107] Company Strategy and Development Direction - The company is focusing on developing standard tools and techniques to accelerate caregiver recruitment and retention, while expanding personal care locations [6][104] - The "One ModivCare" strategy aims to align supportive care services, share best practices, and drive efficiencies across divisions [63][102] - The company plans to enhance its value-based care arrangements and leverage data analytics to improve long-term value for stakeholders [4][72] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving long-term targets of $3 billion in revenue and $300 million in adjusted EBITDA by 2025 [109] - The company anticipates a more normalized cash flow environment in 2023, with expectations of generating solid free cash flow [10][11] - Management acknowledged potential headwinds from redeterminations and normal attrition but remains optimistic about contract wins and expansions [79][122] Other Important Information - The company reduced its net contract payables by $134 million in 2022, primarily related to overpayments and liability reserves on certain NEMT contracts [108] - The company is committed to delevering its balance sheet, targeting a net leverage ratio of 3x over time [57][109] - The company has made significant investments in caregiver satisfaction and recruitment, achieving an industry-leading retention rate of 65% [104][105] Q&A Session Summary Question: Insights on cash flow generation going forward - Management indicated that cash flow is expected to normalize in 2023, with a focus on generating free cash flow each quarter [12][13] Question: Update on labor conditions and staffing levels in Personal Care - Management reported stabilization in labor challenges and high retention rates, with expectations to improve hiring further [84] Question: Impact of redeterminations on margins and membership - Management acknowledged that redeterminations could impact membership in the latter half of the year but expects to offset this with new business wins [91][122] Question: Update on the operational turnaround of Matrix - Management expressed optimism about the operational improvements and performance of the Matrix segment, expecting continued acceleration [20][21] Question: Guidance on margins and expense factors for 2023 - Management indicated that margins for 2023 will be on the lower end of the range due to ongoing cost pressures but expects improvements in the latter half of the year [58][92]

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 September 30, 2022 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 001-34221 ModivCare Inc. (Exact name of registrant as specified in its charter) Delaware 86-0845127 (State or other jurisdiction ...

Financial Data and Key Metrics Changes - Third quarter revenue increased 31% year-over-year to $648 million, driven by 23% growth in the mobility business and 43% growth in the personal care business [20][51] - Adjusted EBITDA for the third quarter was approximately $52 million, resulting in an 8% adjusted EBITDA margin [51] - Adjusted net income for the third quarter was $23 million, or $1.61 per diluted share [51] Business Segment Data and Key Metrics Changes - Mobility (NEMT) segment revenue increased 23% year-over-year to $460 million, with average monthly members growing by 23% [52] - Personal Care segment revenue rose to $169 million from approximately $119 million in the prior year, primarily due to the CareFinders acquisition and rate increases [58] - Remote Patient Monitoring (RPM) segment revenue was $19 million, including approximately $4.7 million from the Guardian Medical Monitoring acquisition [62] Market Data and Key Metrics Changes - Membership in the mobility business grew to approximately 36 million members, with a focus on increasing trip growth despite higher transportation costs [22][52] - The company reported a caregiver retention rate nearly twice the industry average, indicating strong performance in the personal care segment [31] Company Strategy and Development Direction - The company aims to unify and integrate its suite of supportive care solutions to drive incremental savings for payers and improve outcomes [12] - Focus on cross-selling and bundling services to managed care organizations (MCOs) as the total addressable market is expected to expand from $80 billion to $150 billion [37][38] - The strategy includes solidifying a high-performing executive leadership team and reallocating resources to drive efficiencies [14][15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term outlook, citing strong member growth and favorable reimbursement rates in the personal care business [21][68] - The macro environment remains challenging due to inflation and labor market issues, but the company has natural hedges in place [21] - Management expects to see improvements in margins and operational performance as the company continues to execute its growth strategy [133] Other Important Information - The company ended the third quarter with approximately $73 million in cash and cash equivalents and no amounts drawn on its revolving credit facility [66] - The principal debt balance remained flat at $1 billion, with a commitment to deleveraging over time [66] Q&A Session Summary Question: Strategy and Vision as CEO - Management emphasized that the focus is on execution and aligning people and processes to achieve the company's vision [78] Question: Progress on Payables - Management indicated that approximately $40 million to $60 million remains to be paid down in the fourth quarter, after which working capital will normalize [81][82] Question: Member Growth Drivers - Membership growth is attributed to operational improvements and adding business with current customers, exceeding normal market growth rates [92] Question: Inflationary Pressures - Management believes inflationary pressures will continue but expects to overcome them through operational changes and partnerships with transportation providers [132][100] Question: Reimbursement Rates - Favorable reimbursement rates in the personal care segment have increased by 10% to 15%, allowing for competitive wages and improved margins [105][106] Question: Labor Environment Outlook - The labor environment is expected to improve, with strategies in place to enhance recruitment and retention in personal care [114][115] Question: Value-Based Care Opportunities - Management sees significant opportunities in value-based care, particularly in personal care and monitoring services, focusing on vulnerable populations [120][121]

Investor Presentation November 2022 Copyright © 2022 Modivcare® Inc. Forward Looking Statements Certain statements contained in this presentation constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are predictive in nature and are frequently identified by the use of terms such as "may," "will," "should," "expect," "believe," "estimate," "intend," and similar words indicating possible future expectations, events or actions. The ...

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 the transition period from to Securities registered pursuant to Section 12(b) of the Act: | Title of each class | Trading Symbol(s) | Name of exchange on which registered | | --- | --- | ...

ModivCare Inc. (NASDAQ:MODV) Q2 2021 Earnings Conference Call August 4, 2022 8:00 AM ET Company Participants Kevin Ellich - Head of Investor Relations Heath Sampson - Interim Chief Executive Officer and Chief Financial Officer Conference Call Participants Brian Tanquilut - Jefferies Bob Labick - CJS Securities Scott Fidel - Stephens Inc. Brooks O'Neil - Lake Street Capital Markets Kieran Ryan - Deutsche Bank Mike Petusky - Barrington Research Operator Good morning, and welcome to ModivCare's Second Quarter ...

Investor Presentation August 2022 Copyright © 2022 Modivcare® Inc. Forward Looking Statements Certain statements contained in this presentation constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are predictive in nature and are frequently identified by the use of terms such as "may," "will," "should," "expect," "believe," "estimate," "intend," and similar words indicating possible future expectations, events or actions. Such f ...

ModivCare Inc. (NASDAQ:MODV) Q1 2022 Earnings Conference Call May 5, 2022 8:00 AM ET Company Participants Kevin Ellich ??? Head of Investor Relations Dan Greenleaf ??? President and Chief Executive Officer Jason Anderson ??? President, Modivcare Home Heath Sampson ??? Chief Financial Officer Conference Call Participants Bob Labick ??? CJS Securities Brian Tanquilut ??? Jefferies Pito Chickering ??? Deutsche Bank Brooks O???Neil ??? Lake Street Capital Markets Mike Petusky ??? Barrington Research Operator Gr ...

Investor Presentation February 2022 Forward Looking Statements Certain statements contained in this presentation constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are predictive in nature and are frequently identified by the use of terms such as "may," "will," "should," "expect," "believe," "estimate," "intend," and similar words indicating possible future expectations, events or actions. Such forward-looking statements are b ...

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 For the transition period from to Commission File Number 001-34221 ModivCare Inc. (Exact name of registrant as specified in its charter) Delaware 86-0845127 (State or other jurisdiction of ...