d JPM Healthcare Conference January 2026 2 Company highlights Disclaimer Cautionary Note Regarding Forward-Looking Statements: These presentation materials contain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, including, without limitation, estimates of and goals for future operating, financial and tax performance and results, as well as the expected execution and effect of our business str ...

Core Insights - The core theme of the event is the collaboration between government, financial institutions, and elderly care enterprises to address the challenges of aging population and activate the silver economy [1][4] Group 1: Government and Policy - The aging population in Tianjin has reached 3.53 million, accounting for 25.88% of the resident population, highlighting the urgent need for effective solutions in elderly care [1] - The integration of financial services with elderly care is seen as a "dual engine" to tackle the challenges posed by an aging society [1][4] - The city has made progress in establishing a policy framework, with initial successes in project implementation and collaborative mechanisms [3] Group 2: Financial Institutions - Financial institutions presented various credit policies and specialized financial products aimed at the elderly care sector, demonstrating their commitment to social responsibility [2] - Innovative solutions were discussed to address pain points in the elderly care industry, such as overcoming financing difficulties for light assets and improving insurance claim mechanisms [2] Group 3: Enterprises and Collaboration - Companies like Tianjin Pengruili Medical Health Management Co., Ltd. and Dajia Health Elderly Care Investment Management Co., Ltd. shared their practical experiences in the elderly care industry, while external companies introduced innovative ideas [3] - The potential of Tianjin's elderly care market is recognized, with strong policy support encouraging participation from various enterprises [3] Group 4: Future Outlook - The event marked the beginning of a positive cycle where financial empowerment enhances elderly care services, contributing to a better quality of life for the elderly [4] - The focus is on creating replicable models in the integration of finance and elderly care, as well as in the co-construction of health and insurance services [3]

Core Insights - InnovAge Holding Corp. is a leader in providing comprehensive healthcare programs for frail, predominantly dual-eligible seniors through the PACE model [1][2] - The CEO, Patrick Blair, will present at the 44th Annual J.P. Morgan Healthcare Conference on January 12, 2026 [1] Company Overview - InnovAge's mission is to enable older adults to age independently in their homes for as long as safely possible [2] - The company serves approximately 7,890 participants across 20 centers in six states as of September 30, 2025 [2] - InnovAge's patient-centered care model aims to improve care quality while reducing over-utilization of high-cost care settings [2]

Group 1 - The 20th Central Committee of the Communist Party proposed optimizing basic elderly care services, improving urban and rural elderly care service networks, and enhancing the accessibility and barrier-free transformation of public facilities [1] Group 2 - In Chongqing's Guanyinqiao Street Yubei Community, a digital canteen allows elderly individuals to dine with smart, contactless payment methods, utilizing facial recognition and automatic weight-based billing [3] Group 3 - Chongqing has introduced a subsidy policy for home modifications aimed at the elderly, providing discounts for seniors purchasing smart home products tailored for elderly care, such as smart pillboxes and emergency alert devices [5] Group 4 - The Yubei Community has approximately 1,800 elderly residents, and a smart display records their basic data, making the community's elderly care service needs clear and accessible [6]

Core Viewpoint - Extendicare Inc. has declared a cash dividend of C$0.042 per common share for December 2025, payable on January 15, 2026, to shareholders of record on December 31, 2025, designated as an "eligible dividend" under the Income Tax Act (Canada) [1]. Company Overview - Extendicare is a leading provider of care and services for seniors in Canada, operating under various brands including Extendicare, ParaMed, Extendicare Assist, and SGP Purchasing Network [2]. - The company operates a network of 99 long-term care homes, with 59 owned and 40 under management contracts [2]. - Extendicare delivers approximately 13.5 million hours of home health care services annually and provides group purchasing services for about 152,100 beds across Canada [2]. - The company employs around 28,000 qualified and dedicated team members focused on delivering high-quality care and services [2].

Group 1 - Extendicare Inc. declared a cash dividend of C$0.042 per common share for December 2025, payable on January 15, 2026, to shareholders of record on December 31, 2025 [1] - The dividend is classified as an "eligible dividend" under the Income Tax Act (Canada) [1] Group 2 - Extendicare is a leading provider of care and services for seniors in Canada, operating under various brands including Extendicare and ParaMed [2] - The company operates 99 long-term care homes, with 59 owned and 40 under management contracts, and delivers approximately 13.5 million hours of home health care services annually [2] - Extendicare provides group purchasing services to third parties representing around 152,100 beds across Canada and employs approximately 28,000 qualified team members [2]

Group 1 - The core idea of the articles highlights the development of a comprehensive age-friendly society in Neijiang, focusing on the needs of both the elderly and children, thereby enhancing the quality of life for all residents [1][2][4] - Neijiang has invested over 1.2 billion yuan in the construction of a senior service center, which will provide 500 beds and integrate healthcare, leisure, and cultural services [1] - The city has completed the renovation of 177 old residential communities, adding 314 elevators and making 913 homes more suitable for elderly residents [2] Group 2 - The establishment of community-based facilities, such as the 1,400 square meter cultural practice station, offers various spaces for children and elderly activities, fulfilling the needs of both demographics [2] - Neijiang has implemented free public childcare programs during school breaks, addressing the needs of working families and ensuring children have access to engaging activities [3] - The senior service center adopts a "public-private partnership" model, focusing on providing affordable and accessible care for the elderly, particularly those with disabilities [2]

Group 1 - Alignment Healthcare, Inc. will present at the Piper Sandler 37th Annual Healthcare Conference in New York on December 3 at 10 a.m. EST [1] - The company focuses on empowering seniors to age well and live vibrant lives through its Medicare Advantage offerings [2] - Alignment Healthcare partners with trusted local providers to deliver coordinated care using a customized care model and technology [2] Group 2 - The company emphasizes high-quality, low-cost care for its members, showcasing its commitment to serving seniors [2] - Alignment Healthcare's core values include leading with a serving heart and prioritizing the needs of seniors [2]

Summary of Extendicare's Conference Call Company Overview - Extendicare is a leading Canadian provider of seniors' care and services, operating in three segments: long-term care, home health care, and managed services [2][3] - The company has a strong presence in the long-term care sector, operating 99 homes and is the largest operator in Canada [2] Acquisition of CBI Home Health - Extendicare announced the acquisition of CBI Home Health, which is expected to create the largest home health care platform in Canada [4][16] - CBI Home Health delivered over 10 million hours of service and generated CAD 478 million in revenue with CAD 62 million in adjusted EBITDA for the 12 months ending July 31, 2025 [4] - The acquisition is immediately accretive to earnings per share and will be funded through a combination of credit facility upsizing, a private placement equity offering, and cash on hand [4] Financial Performance and Growth Strategy - Extendicare's consolidated revenue is projected to reach CAD 1.7 billion with an adjusted EBITDA of CAD 166 million on a pro forma basis as of September 30, 2025 [12] - The company has achieved a 55% cumulative average growth rate in adjusted EBITDA since 2022, driven by M&A and operational execution [12] - The acquisition of CBI Home Health is expected to provide CAD 7.4 million in IT and cost synergies within the first two years, reducing the purchase price multiple from 9.4 to 8.4 times adjusted EBITDA [14] Market Dynamics and Demand - The Canadian seniors' care market is characterized by favorable demographics, with the number of Canadians aged 85 and older expected to double by 2036 and triple by 2051 [6] - There is a significant supply-demand imbalance in long-term care beds, with the ratio of beds per 1,000 Ontarians over 75 declining steadily [7] - Home health services are increasingly in demand due to pressures on acute care hospitals and a shortage of long-term care beds [8] Business Segments and Operations - Extendicare's business model is diversified, with nearly 55% of net operating income (NOI) derived from service segments [6] - The long-term care segment has returned to pre-pandemic occupancy levels, with occupancy rates above 97% [13] - Managed services, which include management and consulting services, have a high NOI margin of 50-55% [9] Future Outlook - Extendicare plans to continue pursuing development activities in a capital-efficient manner through its joint venture with Axiom Infrastructure, with multiple projects in the pipeline [10] - The acquisition of CBI Home Health enhances Extendicare's capabilities and geographic footprint, particularly in Alberta, and aligns with its services-focused strategy [16] Conclusion - The acquisition of CBI Home Health is a transformative step for Extendicare, positioning it to capitalize on favorable industry dynamics and enhance its service offerings [16]

Core Insights - Extendicare Inc. reported its strongest performance in recent years for Q3 2025, with significant margin improvements across all segments and a notable increase in home health care volumes by almost 25% year-over-year, driven by both organic growth and acquisitions [3][6]. Financial Performance - Revenue for Q3 2025 increased by $81.2 million to $440.3 million, representing a 22.1% increase when excluding out-of-period funding impacts [9]. - Adjusted EBITDA for Q3 2025 rose by $14.7 million to $50.8 million, reflecting a 36.6% increase compared to Q3 2024 [9][8]. - Net earnings for Q3 2025 increased by $7.8 million or 48.0% to $24.1 million, primarily due to the rise in Adjusted EBITDA [9]. Segment Performance - Long-term care revenue increased by $36.1 million or 17.9% to $237.9 million in Q3 2025, with NOI rising to $31.6 million and a margin of 13.3% [13][14]. - Home health care revenue reached $186.8 million in Q3 2025, a 35.0% increase from Q3 2024, with an average daily volume (ADV) growth of 24.6% [17][18]. - Managed services revenue decreased by $3.3 million or 17.4% to $15.6 million, primarily due to the sale of Class C LTC homes [20]. Acquisition Impact - The acquisition of Closing the Gap was completed on July 1, 2025, for $75.1 million, which is expected to generate additional purchase price from earnouts and approximately $1.1 million in annualized cost synergies in the first year [4][5]. Business Updates - The number of third-party and joint venture beds serviced by SGP increased to approximately 152,100, a 6.0% rise from the previous year [19]. - The company operates a network of 99 long-term care homes and delivers approximately 13.5 million hours of home health care services annually [26]. Financial Position - As of September 30, 2025, Extendicare had cash and cash equivalents of $165.7 million and access to an additional $154.0 million under its revolving credit facility, indicating strong liquidity [21].