The Providence Service (PRSC) Investor Presentation - Slideshow

Company Overview - The Providence Service Corporation operates as the largest non-emergency medical transportation (NEMT) provider in the United States through its subsidiary, LogistiCare[5] - The company manages 68 million trips per year and manages the lives of 26 million individuals[6] - In 2019, the company's revenue was approximately $1700 million[7] Financial Performance and Strategy - The company's first half of 2020 revenue was $6495 million, impacted by lower trip volume due to COVID-19[47] - The company's first half of 2020 adjusted EBITDA was $724 million, benefiting from operational improvements and lower utilization under capitated contracts[51] - The company has a revolving credit facility capacity of $225 million[53] - The company aims for mid-single digit organic revenue growth and an adjusted EBITDA margin of 7-10% in a normalized post-COVID-19 environment[56] Market and Growth Opportunities - LogistiCare holds approximately 40% of the estimated $43 billion U S NEMT market share[21] - The company identifies approximately $6 billion in adjacent market opportunities and approximately $4 billion for Medicare Advantage growth[24] - National MedTrans acquisition brings approximately 2 million members to the LogistiCare platform and adds approximately $50 million of annual Medicare Advantage revenue[31]