Tenet Healthcare Corporation (THC) Presents At Raymond James 42nd Annual Institutional Investors Virtual Conference - Slideshow

Financial Performance & Outlook - FY 2020 Consolidated Adjusted EBITDA excluding grant income was $2247 million[8] - FY 2020 Consolidated Adjusted EBITDA including grant income was $3146 million[8] - Q4 2020 Consolidated Adjusted EBITDA was $1278 million including grant income[19] - The company expects to finish 2021 below 5x leverage ratio[11] - The company anticipates $140 million in proceeds from divesting urgent care business and completing MOB sale[29] - The company expects annualized interest savings of ~$33 million from retiring $478 million of 7% senior unsecured notes due in 2025[11, 29] - The company projects FY 2021 Adjusted EBITDA to be $3000 million[35] Operational Highlights - Conifer Adjusted EBITDA increased 18.1% to $111 million in Q4 2020[7] - Conifer's revenues increased by 3.6% and revenues from 3rd party clients increased 5.2% from Q4 2019[7] - The company acquired 45 ambulatory surgery centers from SurgCenter Development in December 2020[11] - USPI's surgical cases were 95% of Q4-2019 volumes[18]