#1Teladoc HEALTH TM INVESTOR DAY 03.05.2020 NEW YORK CITY#2Safe harbor This presentation contains, and our officers may make, "forward-looking" statements that are based on our management's beliefs and assumptions and on information currently available to management. These forward-looking statements include, without limitation, information concerning possible or assumed future results of operations, including descriptions of our business plan and strategies. These statements often include words such as "anticipate," "expect," "suggest," "plan," "believe," "intend," "estimate," target," "project," "should," "could," "would," "may," "will," "forecast," and other similar expressions. ● ● ● Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause our actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. These statements are based on certain assumptions that we have made in light of our experience in the industry and our perception of historical trends, current conditions, expected future developments, and other factors we believe are appropriate under the circumstances as of the date hereof. These and other important factors may cause our actual results, performance, or achievements to differ materially from those expressed or implied by these forward- looking statements. Such risks and other factors that may impact management's beliefs and assumptions are more particularly described in our filings with the U.S. Securities and Exchange Commission (the "SEC"), including under "Item 1A.-Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2019, and under similar headings in our subsequently filed Quarterly Reports on Form 10-Q, and could cause our results to differ materially from those expressed in forward-looking statements. As a result, we cannot guarantee future results, outcomes, levels of activity, performance, developments, or achievements, and there can be no assurance that our expectations, intentions, anticipations, beliefs, or projections will result or be achieved or accomplished. The forward-looking statements in this presentation are made only as of the date hereof. Except as required by law, we assume no obligation to update these forward-looking statements, or to update the reasons actual results could differ materially from those anticipated in the forward-looking statements, even if new information becomes available in the future. This presentation also contains estimates and other statistical data made by independent parties and by us relating to market size and growth and other data about our industry. This data involves a number of assumptions and limitations, and you are cautioned not to give undue weight to such estimates. This presentation may include certain non-GAAP financial measured as defined by SEC rules. We believe that the presentation of such non-GAAP financial measures enhances an investor's understanding of our financial performance. We use certain non-GAAP financial measures for business planning purposes and in measuring our performance relative to that of our competitors. For additional information regarding these non-GAAP financial measures, including reconciliations to the most directly comparable financial measure calculated according to GAAP, refer to our Annual Report on Form 10-K for the year ended December 31, 2019 and any subsequently filed Quarterly Reports on Form 10-Q. Teladoc HEALTH Teladoc Health, Inc Investor Day 2020 2#3O O O ●●● ●●● OO ● OO OOO OOO Teladoc HEALTH TM Welcome and Overview Jason Gorevic Chief Executive Officer Teladoc INVESTOR DAY 05.05.2020 NEW YORK CITY HEALTH#4Investment Highlights Teladoc HEALTH Industry Leader with Differentiated Assets, Capabilities and Scale Global Leadership Position Across Channels The Only Comprehensive Virtual Care Solution Positioned to Broaden Role in Healthcare Delivery Track Record of Delivering Strong Revenue Growth Durable Business with Compelling Financial Model Teladoc Health, Inc Investor Day 2020 4#5Guided by Our Values We are guided by shared values Teladoc. HEALTH We are passionate about taking care of people We are committed to unsurpassed quality We keep our promises We lead with integrity, accountability, and transparency We stand up for what's right We strive to create value We respect each other and value succeeding together Teladoc Health, Inc Investor Day 2020 5#6Teladoc Health is the global virtual care leader TDOC publicly-traded on NYSE Telodoc. HEALTH Sunnyvale +2,400 employees worldwide Toronto Phoenix Dallas Boston Santiago New York London Paris Barcelona Lisbon +450 medical sub-specialties São Paulo Budapest ⒸTeel ladbacc Health, IcInAllestits keys 2020d. +40 languages spoken Shanghai Melbourne +50,000 clinicians globally Auckland 6#7Execution of strategic vision since IPO Clinical Scope Teladoc HEALTH IPO Text/Chat General Medical Pediatrics Cincinnati Children's Mental Health Navigator Expert Medical Services B2B Mental Health Text-based Mental Health Dermatology DTC betterhelp Virtual Primary Care Chronic Disease Back-care Lab Testing Best Doctors Hospital & Health System STAT DOCTORS™ 2015 ML-Powered Demand Planning Caregiver High Acuity Telemedicine Device Integration Global Care Broker/SMB Market 2016 Health Assistant (hy healthiestyou Nutrition InTouch Health Canada DTC Partner ♥CVS Health. International United Kingdom advance medical 2017 Distribution & Markets Teladoc Health, Inc Investor Day 2020 2018 Medicare France médecindirect à vos côtés, où que vous soyez Clinical Service ■ Distribution Channel ■ Product Enhancement ■ New International Markets Medicaid Site-based Telemedicine 2019 2020 7#8Industry leading differentiated assets and capabilities Member engagement Teladoc HEALTH Multi-specialty physician networks Global distribution channels if Tech-enabled ops at scale Teladoc HEALTH معنا TM Data & analytics Teladoc Health, Inc Investor Day 2020 $ Clinical quality J Comprehensive product offering Scale driven ROI 8#9Teladoc Health addresses the full range of acuity & care sites Teladoc HEALTH Acuity + Critical Chronic InTouch Health + Teladoc Everyday care HEALTH TM Teladoc Health, Inc Investor Day 2020 Sites of care H + Hospital ER Ambulance Post-acute Physician office Retail clinic Pharmacy Worksite Home 9#10Strategic positioning drives competitive advantage Teladoc Software enablement HEALTH EHR vendors Note: Competitor information represents Teladoc management estimates & other industry data. Remote monitoring Acute Traditional telehealth Teladoc HEALTH Chronic/complex Teladoc Health, Inc Investor Day 2020 Virtual staffing Chronic care mgmt. Clinical services 10#11Enabling us to play a central role in how medical care is accessed, enabled and delivered ● Consumer-centric, single access point to a full spectrum of integrated virtual care services Uniquely able to: ● ● ● Diagnose and treat Use Teladoc Health or client provider networks Navigate to optimal virtual or in-person providers Providers enabled to deliver care ubiquitously across a full array of care settings and patient populations Teladoc. HEALTH ©Telladoc Health, Imc In Allestitkeys 2020d. Primary care Center of excellence Multi- specialty practice 11#12Executing vision with strategic growth pillars Expand footprint & distribution Invest in channels Product cross-sell Teladoc. HEALTH Compelling Financial Model Clinical service innovation New clinical service lines Clinical quality leadership Assets & Capabilities ©Telladac Hitlealth, IcInAllestitkeys 2020d. ممنا Accelerate consumer adoption Integrated, intuitive experiences Engagement science @ $ 12#13Compound effect of investments in business More Members X More Products X More Utilization X More Payment Models Teladoc HEALTH Total Revenue Teladoc Health, Inc Investor Day 2020 13#14We are on a multibillion dollar journey Annual Revenue 55% CAGR 2015-2019 $77M 2015 IPO Year Teladoc HEALTH $123M 2016 $233M 2017 $418M 2018 $553M 2019 Teladoc Health, Inc Investor Day 2020 $703M (midpoint of guidance) 2020 New Clinical Services New Payment Models New Care Settings Future 14#15Teladoc HEALTH Teladoc Health Case Study Teladoc Health, Inc. All rights reserved. 15#16Teladoc Health profile 4,300 1,500 US employees Everyday care Back care Teladoc + HEALTH Total US members Dermatology Tobacco cessation 62%/38% Female/male split Mental healthcare 39.5 Average age Teladoc Health, Inc Investor Day 2020 Expert medical services Sexual health Strong communications approach + Caregiving $0 for virtual care Nutrition NEW for 2020! Global care 16#17Strong engagement & utilization of members have registered their Teladoc account Teladoc 80% HEALTH 307% 2019 Gen Med utilization 42% YOY visit increase 82% 2019 Mental Health utilization 4.4 visits per user Teladoc Health, Inc Investor Day 2020 100% YOY growth in Expert Medical Services 25% of cases for MSK 17#18Dramatic impact 35% fewer 18% fewer + "Teladocable" visits per 1,000 Teladoc (1) Compared to benchmark claims costs for similar employers in 2019 HEALTH Musculoskeletal encounters per 1,000 + 40% of BH users would not have sought treatment Teladoc Health, Inc Investor Day 2020 $ 28% lower total health benefits costs(1) 18#19Serving More People with Accelerating Adoption 8.1 Teladoc Total Access (millions)(¹)(2) HEALTH 12.2 2014 2015 2016 (1) US Paid membership + US VFO Access. (2) 2020E reflects midpoint of guidance. 17.5 23.2 32.2 2017 2018 56.0 63.5 2019 2020E 0.3 0.6 2014 2015 ©Telladoc Health, Imc In Allestitkeys 2020d. Total Visits (millions) (2) 1.0 1.5 2.6 2016 2017 2018 4.1 2019 5.7 2020E 19#20Results and guidance show continued revenue growth and earnings expansion millions Revenue Adj. EBITDA(¹) Adj. EBITDA(¹) Margin U.S. paid membership Teladoc 2019 actual $553 $32 HEALTH 5.8% Total visits 4.1 (1) See adjusted EBITDA reconciliation immediately following this presentation. (2) Midpoint of guidance. 36.7 Growth vs. 2018 32% 137% 250 bps 61% 57% Teladoc Health, Inc Investor Day 2020 2020E guidance $695-710 $60-70 8.6% -9.9% 43.0 - 45.0 5.5-5.9 Growth vs. 2019(2) 27% >100% 290 bps-410 bps 20% 38% 20#21OOO OOO OOO OO OO OOO OOO Playbook for growth David Sides Chief Operating Officer Teladoc INVESTOR HEALTH NEW YORK CITY DAY 05.05.2020#22Key themes Commercially integrated, global leader with right-to-win Multiple levers to capture new opportunities & existing whitespace Best in class assets & operational capabilities for sustained growth Teladoc HEALTH Teladoc Health, Inc Investor Day 2020 22#23Executing vision with strategic growth pillars Expand footprint & distribution Invest in channels Product cross-sell Teladoc HEALTH Compelling Financial Model Clinical service innovation New clinical service lines Clinical quality leadership Assets & Capabilities Teladoc Health, Inc. All rights reserved. ممنا Accelerate consumer adoption Integrated, intuitive experiences Engagement science @ $ 23#24Teladoc Health's global, multichannel distribution Teladoc HEALTH Health plans Self Insured Fully Insured ACO, PCMH, Government Global insurers & financial services 50+ US health plan clients Life, P&C, disability, group, specialty Channel partners ~70 global insurers & financial services firms Employers All sizes, all industries Fortune 5000 SMB 40% of Fortune 500 Hospitals & health systems B2B direct channel Teladoc Health, Inc Investor Day 2020 Health systems Providers Hospitals IDNS -4,000 care locations with InTouch Direct to consumer BetterHelp CVS DTC channel Leading mental health platform 24#25Significant white space; Teladoc is at the vanguard Domestic White Space International White Space International Population of Highly Developed Countries: 1.1bn¹ Rest of market opportunity -190m US Population: ~320m Source: US Kaiser Family Foundation, AIS Teladoc. HEALTH Teladoc 56m -73m Potential users at current Teladoc clients Rest of highly developed market 1.1bn¹ Excludes an additional 6.2bn international lives Teladoc -1% Source: UN Human Development Index 1. Includes all countries outside of the US receiving a "Very High Human Development" status in the 2019 UN Human Development Index, incorporating measures of Life Expectancy, Education and Standard of Living Teladoc Health, Inc Investor Day 2020 59 countries compose this tier with example countries including Australia, Canada, the UK, Japan, France, Germany, Italy, Spain, S. Korea, Argentina, among others 25#26Strategy aligned with macro tailwinds Integration and customization vital to clients Macro Trends Government reimbursement Rise of consumerism and demand for virtual care Teladoc HEALTH Strategies Win with a fully integrated commercial model Establish beachhead w/ leaders (land and expand) Provide a convenient and affordable DTC solution Teladoc Health, Inc Investor Day 2020 Capabilities Market leading enterprise telehealth platform Seasoned commercial team focused on government Surround sound engagement delivers best-in-class utilization 26#27Emerging trends: Client integration and customization Virtual care core to overall strategy¹ Large Employers' Views on the Impact of Virtual Care 30% 13% 5% HEALTH 1% 50% ■Very significant impact ■ Significant impact Some impact Slight impact No significant impact Sources: 1. National Business Group On Health Employer Survey 2. Castlight Ecosystem Research Teladoc Teladoc Health, Inc Investor Day 2020 Desire to integrate digital health point solutions² All Companies: Number of Programs Offered 22% -25% 28% 16% 9% 20+ programs Macro Trends Strategies Capabilities 15-19 programs 5-9 programs 1-4 programs 10-14 programs 27#28Evolution to an integrated commercial model Global offering & scale Teladoc Diversified & multi-channel business HEALTH Multi- product offering Buyer & market maturity Disciplined go-to- market ● ● ● Macro Trends Teladoc Health, Inc Investor Day 2020 Strategies Capabilities Clients & RFPs using "Virtual Care" language Client & prospect discussions elevated to C-Suite Average deal sizes increasing 28#29Evolution to an integrated commercial model Global offering & scale Teladoc Diversified & multi-channel business HEALTH Multi- product offering Buyer & market maturity Disciplined go-to- market Teladoc Health, Inc Investor Day 2020 Macro Trends Strategies Capabilities Land & expand, whitespace focused strategy Investing in best practices for growth enablement & commercial tools 29#30Evolution to an integrated commercial model Global offering & scale Teladoc Diversified & multi-channel business HEALTH Multi- product offering Buyer & market maturity Disciplined go-to- market ● ● Macro Trends Teladoc Health, Inc Investor Day 2020 Strategies Capabilities Half of new deals are multi-product Multi-product pipeline reaching new highs Compounding effect on utilization and increases stickiness 30#31Evolution to an integrated commercial model Global offering & scale Teladoc Diversified & multi-channel business HEALTH Multi- product offering Buyer & market maturity Disciplined go-to- market ● ● Macro Trends Teladoc Health, Inc Investor Day 2020 Strategies Capabilities $108M (-20%) international revenue FY 2019 Telehealth → Johnston Group (Canada) Full Virtual Care → AIG (UK) 31#32Evolution to an integrated commercial model Global offering & scale Teladoc Diversified & multi-channel business HEALTH Multi- product offering Buyer & market maturity Disciplined go-to- market Macro Trends Teladoc Health, Inc Investor Day 2020 Strategies Capabilities Rapidly diversifying revenue base ~50% of FY' 19 subscription revenue is outside legacy B2B U.S. group business 32#33Evolution to an integrated commercial model General Medical advance medical StatDoctors betterhelp hy healthiestyou Best Doctors® ~$1B invested in acquisitions¹ Now distributed through multiple channels 1. Excludes InTouch. Teladoc HEALTH Mental Health Teladoc Health, Inc Investor Day 2020 + Macro Trends Strategies Capabilities Dermatology Our acquired companies are actively selling into our legacy client base and every major product we have developed is selling into an acquired company Dozens of products & partnerships launched since IPO Now sold through acquired client bases 33#34Our commercial flywheel in action Top 5 2019 Clients Avg. # of products Teladoc HEALTH Increased Total Revenue 3.6 2018 40+% growth 2018 4.8 Increased Visits 40+% growth 2019 2019 Increased Paid Membership Teladoc Health, Inc Investor Day 2020 100+% growth 2018 Increased Subscription Revenue 2018 2019 35+% growth 2019 34#35Strategies Emerging trends: Favorable government reimbursement Capabilities State Medicaid Programs Reimbursing for Live Video in Patient's Home¹ Teladoc 7 HEALTH 2013 +4x 29 2019 ● ● Improved Regulatory Environment Sources: 1. Public Health Institute/Center for Connected Health Policy. State Telehealth Medicaid Fee-For-Service Policy: A Historical Analysis of Telehealth: 2013 - 2019 Macro Trends Bipartisan Budget Act passes including five specific telehealth expansions Medicaid expansions State telehealth payment parity laws Medicare Advantage expansion CMS proposed rule to further expand telehealth coverage for MA network adequacy Teladoc Health, Inc Investor Day 2020 35#36Client story: Leading health plan Client needs High-cost members & analytics ● A partner for future Medicaid/ Medicare regulation and expansions Key relationship milestones Teladoc Keys to success Targeted engagement & alignment with client strategy O 2017 Launched initial partnership HEALTH ● • Understanding state complexities to drive Medicaid expansions Jan. 2019 - Added ACA Exchange members Teladoc Health, Inc Investor Day 2020 Macro Trends Results and next opportunities • $20M+ in 2019 savings ● ● Strategies Capabilities • Full product suite to existing groups Joint research opportunities and deep virtual care collaborations 2019 - Launched Medicaid in 4 states; Medicare roll- outs in 9 states 2020+ National Roll-out 36#37Emerging trends: Consumer habits shifting Retail clinics, pharmacies, and alternative sites of care ♥CVS Health Health. HUB. HEALTH CVS plans to have 1,500 HealthHUBS operating by end of 2021 RITE AID Launched RediClinic Express in partnership with InTouch in 2019 Sources: 1. Raymond James Research; SimilarWeb. Teladoc Direct-to-Consumer (Text/chat and Rx supply) Monthly web visits (000s)¹ betterhelp DTC Company 2 DTC Company 3 DTC Company 4 DTC Company 5 DTC Company 6 DTC Company 7 Teladoc Health, Inc Investor Day 2020 612 387 1,010 1,830 1,730 1,530 Macro Trends Strategies Capabilities 2,760 37#38Success in mental health DTC Providing convenient, affordable, private, professional counseling 2019 growth stats Teladoc betterhelp HEALTH Visits Per Member: 43% Revenue / CAC Ratio: 28% To allow a full year of data, LTV and visits compare cohorts of members who started paying in January/February of 2018 to members who started paying in January/February of 2019. Revenue and CAC are based on all members during the full year. Visits relate to live scheduled sessions over phone or video. LTV Per Member: 37% Q Teladoc Health, Inc Investor Day 2020 Key competencies Powerful consumer acquisition and activation platform Macro Trends Data and analytics to measure and optimize experience, onboarding, retention, and LTV Strategies Capabilities DTC marketing expertise, utilizing diversified ad channels with high ROI Unmatched focus on consumer satisfaction and quality, adaptable to fit the specific needs of each user Rapid execution with strong test and learn methodology 38#39Operations enabling commercial growth Growth in rep productivity¹ HEALTH -3% Rep Count -20% Productivity 1. Q4'19 vs. Q4'18. Rep productivity defined as trailing 12 month average bookings per Q4 sales and client management rep Teladoc Teladoc Health, Inc Investor Day 2020 2019 Global selling season Strong demand across all channels RFP pipeline up ~10% YoY Bookings up ~30% YoY Larger average deal size Over 90% retention rate and -90% visibility into 2020 revenue Multi-product half of bookings Macro Trends Strategies Capabilities 39#40Executing vision with strategic growth pillars Expand footprint & distribution Invest in channels Product cross-sell Teladoc. HEALTH Compelling Financial Model Clinical service innovation New clinical service lines Clinical quality leadership Assets & Capabilities Capabilities Teladoc Health, Inc Investor Day 2020 Accelerate consumer adoption Integrated, intuitive experiences Engagement science @ $ 40#41Operational enhancements Teladoc HEALTH INVEST Marketing Ops to showcase breadth, reach, and differentiation AUTOMATE Terms and conditions Credentialing Ġ MODERNIZE Empower the virtual workforce Al call evaluation Al care plans Teladoc Health, Inc Investor Day 2020 X SCALE Follow-the-sun service model International expansion of call center platform Macro Trends Strategies Capabilities 41#42Provider network capacity US telehealth provider network Growth Since Q4'18 (Indexed) 4% Q1'19 Teladoc HEALTH 6% Q2'19 16% Q3'19 28% Q4'19 Verified Medicaid providers Q1'19 Teladoc Health, Inc Investor Day 2020 Q2'19 Q3'19 >30x Q4'19 Macro Trends Strategies Capabilities 42#43Investing in technology to deliver operating leverage 10:59 Q4 '18 Teladoc Call center productivity Average call handle time in minutes (Trailing 12 months) HEALTH 10:36 Q1 '19 10:23 Q2 '19 10:07 Q3 '19 9:52 Q4 '19 Member intake % of inbound requests via call center (Trailing 12 months) Teladoc Health, Inc Investor Day 2020 32% 30% 28% 26% Macro Trends Strategies Capabilities 24% Q4 '18 Q1 '19 Q2 '19 Q3 '19 Q4 '19 Shift in visit volume entry moving from Call Center to Mobile App 43#44Summary Commercially integrated, global leader with right-to-win Multiple levers to capture new opportunities & existing whitespace Best in class assets & operational capabilities for sustained growth Teladoc HEALTH Teladoc Health, Inc Investor Day 2020 44#45Teladoc HEALTH Member engagement TM Stephany Verstraete Chief Marketing Officer Teladoc. INVESTOR HEALTH NEW YORK CITY DAY 05.05.2020 OO ●●● OOOO o o o o o 8°#46Summary Adoption is accelerating across sponsored and DTC populations, and we're uniquely capturing the demand Expansion of multi-service eligibility drives activation growth Our scale, tenure and expertise build an unmatched base of activated users, creating a flywheel dynamic that fuels utilization, visit growth and marketing yield over time Teladoc HEALTH Teladoc Health, Inc Investor Day 2020 46#47Activation is accelerating: sponsored populations Leading consumer engagement for more than a decade generates unmatched momentum Macro trends Increased confidence in resolution: 84% of people who had a visit said they were able to completely resolve their medical concerns in the visit * People searching for virtual care as a category +45% vs prior year Insurance coverage is most impactful driver of increased usage of telehealth* *JDPower 2019 U.S. Telehealth Satisfaction Study Accelerating growth in activated user base 2019 2018 ■2017 ■2016 U.S. Sponsored Population Cumulative Activated base Teladoc Health, Inc Investor Day 2020 +55% New activation growth vs membership growth (2019) AWARENESS CONFIDENCE ΤΟΜ New activation growth rate outpacing membership growth 47#48Activation is accelerating: DTC populations Leading mental health Direct-to-Consumer offering Macro trends Globally mental health continues to go under- reported, rise of next generations will fuel sustained demand acceleration 66% of 18-25 yr olds say mental health symptoms have affected their job performance, ~2x total population average *Teladoc Health "Mental Health in the Workplace: Global Impact" Study 2019 2016 ✔ betterhelp Current Paying Members Teladoc Health, Inc Investor Day 2020 2020 AWARENESS CONFIDENCE ΤΟΜ 48#49Focused test & learn strategies strengthen overall BetterHelp growth trajectory Teladoc HEALTH 2017 betterhelp Media mix by spend Teladoc Health, Inc Investor Day 2020 2019 AWARENESS CONFIDENCE ΤΟΜ 49#50Engagement capabilities serve any: front door, population, economic model DEMOGRAPHIC ✓ Mom Child Boomer Gen Z COVERAGE DTC ✓ ✓ Commercial Medicaid+Medicare FRONT DOOR ✓ Teladoc ✓ BetterHelp ✓ United ✓ Minute Clinic ✓ Hospitals CLINICAL NEED ✓ Primary ✓ Specialty ✓ Chronic/Complex Teladoc Health, Inc Investor Day 2020 Core user: comes in via many of our front doors Engagement profile: standard Clinical specialties profile: multi-specialty power user AWARENESS CONFIDENCE ΤΟΜ#51Engagement capabilities serve any: front door, population, economic model DEMOGRAPHIC ✓ Mom ✓ Child Boomer Gen Z COVERAGE DTC Commercial ✓ Medicaid FRONT DOOR ✓ Teladoc BetterHelp United Minute Clinic ✓ Hospitals CLINICAL NEED ✓ Primary Specialty Chronic/Complex Teladoc Health, Inc Investor Day 2020 AWARENESS CONFIDENCE ΤΟΜ Emerging user: child covered by Medicaid Engagement profile: highly complex ✓ Dedicated team in-house ✓ State level regulatory compliance & approvals ✓ Multi-lingual, mobile-phone centric#52Engagement capabilities serve any: front door, population, economic model DEMOGRAPHIC Mom Child ✓ Boomer Gen Z COVERAGE DTC Commercial ✓ Medicaid+Medicare FRONT DOOR ✓ Teladoc BetterHelp United Minute Clinic ✓ Hospitals CLINICAL NEED Primary ✓ Specialty ✓ Chronic/Complex Teladoc Health, Inc Investor Day 2020 AWARENESS CONFIDENCE ΤΟΜ Emerging user: retiree, well connected with broader healthcare system Engagement profile: reassurance seeker ✓ Highly research-based, confidence in care quality & resolution triggers action ✓ Values multiple surround sound touchpoints#53Engagement capabilities serve any: front door, population, economic model w DEMOGRAPHIC Mom Child Boomer ✓ Gen Z COVERAGE DTC ✓ ✓ Commercial Medicaid+Medicare FRONT DOOR ✓ Teladoc ✓ BetterHelp United ✓Minute Clinic Hospitals CLINICAL NEED ✓ Primary ✓ Specialty Chronic/Complex Teladoc Health, Inc Investor Day 2020 AWARENESS CONFIDENCE ΤΟΜ Power user of the future: digital native who thinks & acts virtual first Engagement profile: ✓ "Phygital" ✓ Hyper-custom ✓ Connected, communal#54Surround sound engine builds activated base, fueling flywheel dynamic Flywheel Dynamic Teladoc HEALTH AWARENESS RESOLUTION/CONFIDENCE TOP OF MIND Surround Sound Engine CONSUMER ACTIVATION First visit Quality experience ANALYTICS Population % Teladoc Health, Inc Investor Day 2020 GROWTH Top of mind awareness triggers Repeat visits Trust, WOM Additional specialties 54#55Flywheel dynamic generates organic growth engine TOP OF MIND ACTIVATION First visit Teladoc HEALTH Quality experience ANALYTICS Population % Top of mind awareness triggers GROWTH Trust, WOM Repeat visits Additional specialties Teladoc Health, Inc Investor Day 2020 ✓ Accelerates visit growth ✓ Drives utilization within populations ✓ Generates marketing efficiencies 55#56Multiple specialties are key driver of adoption growth Teladoc Usage Case Study³: Utilization following product additions Macro trends "Limited services provided" is the top barrier to increased usage¹ 35% of repeat users of sponsored Teladoc Behavioral Health service say they wouldn't have gotten help otherwise² 1, J.D. Power 2019 U.S. Telehealth Satisfaction Study 2, Teladoc post-visit user survey, 2019 Mental Health & Dermatology added 1.0X 1.6X Teladoc Health, Inc Investor Day 2020 2.3X 2017 2018 2019 (3) Represents large client that rolled our behavioral and dermatology products over 4Q17 and 1Q18. ANALYTICS GROWTH#57Teladoc flywheel dynamic fueling sustainable growth across sponsored populations Visits from Teladoc members activated in prior years Teladoc. HEALTH .... 2016 2017 2018 2019 Teladoc Health, Inc Investor Day 2020 New & repeat Teladoc visits I 2016 2017 ■First Visits 2018 ■Repeat Visits 2019 ANALYTICS GROWTH 57#58Generating multi-year value Teladoc HEALTH 46% Of 3-year Teladoc visits are generated in years 2 & 3 (2017 activation cohort) Teladoc New Member vs. Activated Member Visit Advertising Cost New Member visit Teladoc Health, Inc Investor Day 2020 -85% Activated Member visit ANALYTICS GROWTH#59BetterHelp flywheel effective at increasing satisfaction and stickiness Teladoc HEALTH betterhelp % of revenue from members using 23 months 77% 68% 2016 Teladoc Health, Inc Investor Day 2020 2019 ANALYTICS GROWTH 59#60Summary Adoption is accelerating across sponsored and DTC populations, and we're uniquely capturing the demand Expansion of multi-service eligibility drives activation growth Our scale, tenure and expertise build an unmatched base of activated users, creating a flywheel dynamic that fuels utilization, visit growth and marketing yield over time Teladoc HEALTH Teladoc Health, Inc Investor Day 2020 60#61Teladoc HEALTH Product strategy TM Dan Trencher SVP of Product & Corporate Strategy Teladoc. INVESTOR HEALTH NEW YORK CITY DAY 05.05.2020 O OO OOO OOOO ooooo#62Key themes Driving evolution in the virtual care industry, and continuing to lead through innovation Reimagining care delivery across spectrum of Primary and Specialty Care Strategy resonating in market Teladoc HEALTH Teladoc Health, Inc Investor Day 2020 62#63Teladoc has driven the evolution of virtual care and will continue to lead into the future Urgent care + → Teladoc HEALTH Mental health Virtual COE ↑ Global 个 Teladoc Health, Inc Investor Day 2020 Virtual first →-→ 个 Virtual primary care 63#64Paradigm shift for virtual care ‒‒‒‒‒‒‒‒‒‒‒‒‒‒ ‒‒‒‒‒‒‒ Teladoc HEALTH Episodic health need ***E "Side benefit" Sick care Acute care Individual physician Limited coordination Home/Office ‒‒‒‒‒‒‒‒‒‒‒ ‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒ULU ‒‒‒‒‒‒‒‒‒‒‒‒‒‒ > > > > ‒‒‒‒‒‒‒‒‒‒‒‒‒‒ ‒‒‒‒‒‒‒‒‒‒‒‒ Teladoc Health, Inc Investor Day 2020 Integrated patient care Key strategic enabler Prevention and screenings Chronic condition support and referrals Virtual care team Continuity with healthcare ecosystem Across sites of care ‒‒‒‒‒‒‒‒‒‒ -------- 64#65We play a central role in how medical care is accessed, enabled, and delivered Teladoc HEALTH Primary care Teladoc Health, Inc Investor Day 2020 Center of excellence Multi- specialty practice 65#66Many adults lack a primary care team 50 40 30 20 10 45% 18-29 Teladoc 28% HEALTH 30-49 Adults without a PCP (2018)¹ % within age group 18% 50-64 12% 65+ 26% Source: (1) KFF Health Tracking Poll (conducted July 17-22, 2018); (2) "Primary care doctors aren't so important to millennials" (Washington Post, Oct 2018); (3) Growing Disease Burden (Health Affairs, Nov 2013) Total ● Millennial preferences for convenience, access, fast service, connectivity, and price transparency-upending the traditional office-based primary care¹ Younger adults skipping annual wellness exams to address acute issues last- minute through urgent clinics, retail clinics, or telemedicine¹ • Those who do not have a PCP are expected to have greater health-related complications² Teladoc Health, Inc Investor Day 2020 3 66#67VPC: reimagining primary care ● ● ● ● ● = Convenient, timely access Care coordination Better outcomes Long term cost impact Optimized referrals Antoine G. Teladoc Texas Request Care Virtual Primary Care Teladoc now offers wellness and preventative care to support your healthy lifestyle. Browse our extensive list of providers from your device. Schedule a visit at your convenience, as early as 24hrs from today. É Develop a long-term relationship with a quality provider. Is Virtual Primary Care right for me? Messaces Teladoc HEALTH Please select a primary care provider Filter Search Teladoc Alphonso Benton (MD) Chino Hills, CA POTA Specialities Languages Hours English, Spanish Mondays (9AM-12PM) Thursdays (6PM-11PM) Adult Medicine, Family Medicine, Geriatric Medicine Next availability Thu Dec 4, 9AM Select 35 Mina Rizwan (MD) Chino Hills, CA p Ⓡ = Dr Mina Rizwan will be joining shortly. O O Teladoc O Antoine, while we wait for your provider to join, please answer the following questions Please confirm the medications you are currently taking? TOEPH Synthroid Maxalt Add medication What is the dosage for Synthroid? 50 mg Type of tap the microphone J Teladoc Health, Inc In Biometrics, Q&A, HRA, EHR data, other inputs + Preferred Community Care Partners ( Member Virtual PCP Visits, follow ups, and connection to ecosystem Virtual care check up Mental Health, Nutrition |||| Expert Medical Services ||||| Virtual care plan + Chronic care follow up Labs#68Specialty care: making a difference in mental health Mental Health Care Telehealth Teladoc Offerings HEALTH Mental Health Navigator Better Help Impact 33% would not have sought Mental Health Care $27,158 savings average per case 112 Days saved to see a Psychiatrist 70% improvement within 3 months Teladoc Health, Inc Investor Day 2020 68#69Specialty Expansion Innovation in specialty care Nutrition Market leading tele-nutrition service launched in January 2020 National Registered Dietitian Network Teladoc HEALTH YO! Tele- Consultation & Nutrition Plan ✓ Clinical Quality Management Pediatric Telehealth Solution Purpose-built for pediatric patients, co-developed with Cincinnati Children's Hospital Medical Center Teladoc Health, Inc Investor Day 2020 Pediatric registration Adolescent visits without parent Minor dependent initiated visit and privacy + II P Review of symptoms Age-based exam templates Cincinnati Children's Weight-based dosing for prescriptions 69#70Virtual Center of Excellence Addressing the growing need to deliver high-quality care for complex conditions with a multidisciplinary care team of large employers have deployed a COE strategy, and nearly a third plan to expand to additional conditions¹ 88% Teladoc HEALTH Without the traditional barriers of geographic distance and institutional affiliations, Teladoc Health brings together care providers to collaborate on complex cases: ● ● Teladoc Medical Experts spanning 450 sub-specialties review diagnoses and treatment plans Smart referrals to mental healthcare and in-network care including traditional Centers of Excellence 1 National Business Group on Health, 2020 Large Employers' Health Care Strategy and Plan Design Survey Best-in-class telemedicine devices extend specialists' reach through provider-to-provider consultations for neurology, psychiatry, intensive care, neonatology, cardiology, and other specialties Teladoc Health, Inc Investor Day 2020 70#71Client story: Fortune 100 employer Partnership expansion across products Client needs • Deliver spectrum of services through simplified experience Cost efficient and valuable benefits for employees • Drive significant cost savings + Teladoc Keys to success Depth of Teladoc benefit offerings • Robust engagement strategy to drive utilization HEALTH ● Key relationship milestones 2015-Launched initial partnership Started with base offering of General Medical ● High touch vendor collaboration and integration 2016-Rollout of Expert Medical Services Realizing value of virtual approach to care added Expert Medical Services through Best Doctors Results and next opportunities • 51% increase in Teladoc integrated utilization over the last 4 years • $6.1M in 2019 total cost savings • Looking to add back care, nutrition, and analytics 2017-Launched integrated virtual experience and dermatology Added dermatology to entire eligible population Teladoc Health, Inc Investor Day 2020 2019-Launched Mental Health Added Mental Health to entire eligible population 71#72New Opportunities to Broaden our Role in Healthcare ကျွန New Clinical Services Virtual Primary Care Expanded Specialty Care Pediatric Mental Health Remote Patient Monitoring Expanded Chronic Condition Management Teladoc HEALTH New Payment Models Medicare/Medicaid FFS Value-based Care Gain Sharing Risk Sharing Int'l state-sponsored healthcare Teladoc Health, Inc Investor Day 2020 New Care Settings Post-Acute Primary Care / Specialty Practice Retail Clinic Worksite Home-based Care 72#73Key themes Driving evolution in the virtual care industry, and continuing to lead through innovation Reimagining care delivery across spectrum of Primary and Specialty Care Strategy resonating in market Teladoc HEALTH Teladoc Health, Inc Investor Day 2020 73#74OOO Teladoc HEALTH OOO ●●● OOO ●● OO OOO OOO TM Quality & patient experience Lew Levy, MD FACP Chief Medical Officer Teladoc INVESTOR HEALTH NEW YORK CITY DAY 05.05.2020#75Key Takeaways We have industry leading clinical quality assets and capabilities Our global presence and scale unlocks the power of data and analytics Teladoc's clinical leadership across the spectrum of acuity is a true competitive differentiator Teladoc HEALTH Teladoc Health, Inc Investor Day 2020 75#76Abby A 15-year-old dancer with back pain Teladoc HEALTH Teladoc Health, Inc Investor Day 2020 76#77Abby's visit circle (+ Background Abby, 15, is a dancer and cheerleader, but her back pain has been limiting her favorite activities Teladoc HEALTH of Physician match Abby is matched to Dr. Jones to help determine the cause of her pain ++ I health Concerns She was diagnosed with scoliosis and told to rest for 4-6 months Abby's worry was centered around knowing the truth, and she is relieved when she got resolution History We collect all of the imaging and information from the 10 specialists Abby & Dr. Jones We refer her to a pediatric spine specialist who performed the surgery Referral Teladoc Health, Inc Investor Day 2020 Of Diagnosis Experts found her pain was being caused by a benign tumor on her spine The experts recommend to Abby and her local care provider that she have surgery to remove the tumor Treatment | + || Resolution The surgery is successful and Abby is back to dancing, cheering, and doing the things she loves, pain free 77#78Industry leading clinical quality assets and capabilities Al-driven education and coaching Multi-specialty physician panel and networks Global clinical leadership expertise Scale-driven clinical data, analytics and Al Teladoc HEALTH Teladoc TM HEALTH Medical Group a P Industry leadership and partnerships Comprehensive clinical care delivery Clinical care enablement Teladoc Health, Inc Investor Day 2020 Uniquely able to: ✓ Diagnose and treat in multiple countries ✓ Provide comprehensive services ✓ Improve quality of care 78#79We have industry leading clinical quality assets and capabilities Dr. Jason Tibbels Chief Quality Officer Member Texas Medical Board Dr. Bridget McCabe MD, MPH, FAAP Medical Director, Clinical Quality & Informatics Executive Medical Director Patient Safety Organization (PSO) Teladoc HEALTH Quality Teladoc Health, Inc Investor Day 2020 Global Medical Directors Global clinical leadership expertise Asia Pacific Middle East Europe UK North and South America 79#80Our global presence and scale unlocks the power of data and analytics ● ● ● ● Leveraging the data of market leading 4M+ annual visits Controlling pharmacy spend through targeted outreach Harnessing voice data through Al: Learning key elements of optimized outcomes and patient satisfaction Controlling antibiotic prescribing through customized clinical dashboards Proprietary clinical practice guidelines derived through research and experiential data Population data driving development of virtual primary care offering Teladoc Scale-driven clinical data, analytics and Al HEALTH Teladoc Health, Inc Investor Day 2020 80#81COVID-19 case study In market within first week with education and access to care around the world Providers ✓ CDC ✓ Protocols ✓ Reporting capabilities Teladoc HEALTH Clients ✓ Medical leadership calls ✓ Webinars ✓ Consumer collateral in Engagement Center Members ✓ Education ✓ Aid ✓ Awareness Airtel 4G < 12 Teladoc Health, Inc Investor Day 2020 FF10:05 谢谢 Myra 群聊(3) FF 1:17 "王春丽 Cherry Allianz"邀请你和“Allianz 陈良"加入了群 Hyp 昨天已经有客户咨询了雪中送 炭! From Allianz China "Just in time" "Customer already started consultation!" 海南大家尽自己一份力 陈总回美国了 现在估计还在甜蜜 的睡梦中 FF 1:24 Scale-driven clinical data, analytics and Al 20% 这个时候在墙外最安全 :D OTELADOC Contratory sy cortfeonChew Kay contagutandroudes 1 Keep it clean Dean your hands with and water for 20conder Avoid contact with sick people const What you need to know about coronavirus Contact Teladoc There inocure for convey the w contact Teladocandour octors.cay and all Airtel 4G X Talk to a doctor 24/7 Call 1-800-835-23621 Vist Teladoc.com Download the app FF 9:30 OTELADOC How would you like to talk to a doctor? 31% 关于新型冠状病毒肺炎的八项问答 | New Coronavirus Pneumonia: 8 Q&As 王欢医生 汇医国际健康顾问 今天 1) 新型冠状病毒肺炎能治愈吗? ■ 2020年1月24日,中国医生和科学家关于新型冠状病毒 肺炎的诊断治疗经验已经发表在国际顶尖医学杂志《柳 叶刀》和《新英格兰医学杂志》。从病例总结来看,这 2003ESARS - ↑ Taladoc .. 81#82Teladoc's clinical leadership across the spectrum Industry of acuity is a true competitive differentiator leadership & partnerships Clinical collaborations and partnerships First and only Patient Safety Organization (PSO) DEPART HEALTH & O SERVICES Teladoc HEALTH NATIONAL QUALITY FORUM A ACCME ACCREDITED USC University of Southern California Unique clinical partnerships AHRE Jefferson Cincinnati Children's™ Industry leading learning lab through reputation of clinical excellence and scale Vanguard of research through highly competitive AHRQ grants Evolving teaching site for future generation of doctors interested in virtual care Accredited by ACCME to grant medical education credits to practicing physicians Teladoc Health, Inc Investor Day 2020 82#83Summary We have industry leading clinical quality assets and capabilities Our global presence and scale unlocks the power of data and analytics Teladoc's clinical leadership across the spectrum of acuity is a true competitive differentiator Teladoc HEALTH Teladoc Health, Inc Investor Day 2020 83#84Teladoc HEALTH Chuck Divita Executive Vice President, Commercial Markets • Leads commercial health insurance business Former Senior Vice President and Chief Financial Officer of GMHC Nearly 10+ current and former board appointments GUIDEWELL Teladoc Health, Inc Investor Day 2020 84#85O O O ●●● ●●● OO ● O O OOO OOO Teladoc HEALTH TM Introducing InTouch Health Jason Gorevic, Chief Executive Officer Teladoc INVESTOR HEALTH NEW YORK CITY DAY 05.05.2020#86Why facility-based telemedicine? Why facility-based telemedicine? Teladoc HEALTH H A Market Under-penetration Clinical Use Case Progression Market Tailwinds ©Telladoc Health, Imc In Allestitkeys 2020d. $ Why InTouch? Culture Business Model & Financial Profile Market Leadership 86#87InTouch Health market leadership Leading enterprise telehealth solution for hospitals and health systems InTouch Health Teladoc HEALTH Allegheny Health Network Jefferson Industry leader in critical, provider-to-provider consultations Neurology, intensive care, psychiatry, neonatology, cardiology Award winning, medical-grade telehealth devices Connecting patients and providers for care in the home, in clinics, and in the highest acuity in-patient settings #1 Virtual Care Platform by KLAS Research Recognized for unrivaled customer service and clinician/patient experience Bon Secours Providence St. Joseph Health PINNACLE HEALTH KAISER PERMANENTE Teladoc Health, Inc Investor Day 2020 HCA Hospital Corporation of America MISSION HEALTH 87#88Together with InTouch Health, Teladoc Health will be the clear virtual care leader - from the hospital to the home Combined, Teladoc Health covers the full range of acuity across sites of care Intensive Care Emergency Medicine H Hospital Teladoc HEALTH Neurology Ambulance Neonatology Cardiology ED INTEGRATED VIRTUAL CARE SOLUTION InTouch + Teladoc Health Oncology Orthopedics Endocrinology Post-Acute Palliative Care HEALTH Teladoc Health, Inc Investor Day 2020 TM Psychology Physician Office Therapy Nutrition Psychiatry Dermatology + Retail Clinic General Medicine Pediatrics Worksite Home 88#89Partnering with the world's leading organizations Teladoc HEALTH Allegheny Health Network KAISER PERMANENTEⓇ HCA+ Healthcare™ Health Systems Stanford MEDICINE Duke University School of Medicine Geisinger Cleveland Clinic Bon Secours Jefferson SSMHealth. PINNACLE HEALTH Providence St. Joseph Health Children's Mercy Yale NewHaven Health ↑ 0 Dignity Health PARTNERS HEALTHCARE RUSH UNIVERSITY MEDICAL CENTER CHARITÉ UNIVERSITÄTSMEDIZIN BERLIN Banner HealthⓇ MAYO CLINIC THE OHIO STATE UNIVERSITY WEXNER MEDICAL CENTER Health Plans Employers HIGHMARK HEALTH CENTENE Corporation blue of california PREMERA BLUE CROSS An Independent Licensee of the Blue Cross Blue Shield Association UnitedHealthcare aetna™ Teladoc Health, Inc Investor Day 2020 3M State Farm .T. -Mobile- Bank of America BOEING THE HOME DEPOT#90Large market with favorable tailwinds $10bn+ U.S. total addressable market growing with expansion of use cases and utilization -1% 14,500+ specialist physicians 1.0 million US physicians InTouch Health HEALTH 1.5 million US endpoints 3,600+ care locations $10bn+ 1 US addressable market for software and hardware solutions ● ● Including virtual physician services, U.S. addressable market may be as large as $25 to $30 billion (3) International market estimated to represent at least 1x U.S. additional addressable market opportunity (1) TAM based on a count of all domestic Care Locations * monthly price, plus all domestic physicians * an average physician license fee. (2) REACH Health 2017 U.S. Telemedicine Industry Benchmark Survey. (3) Citi research & LEK consulting. Teladoc ©Telladac Health, ImcInAllestitkeys 2020d. 90#91OOO OOO Oo • OO OO OOO OOO S InTouch Health overview Joe DeVivo, InTouch Health Chief Executive Officer Teladoc INVESTOR HEALTH NEW YORK CITY DAY 05.05.2020#92Key themes InTouch combines market leading software, hardware, and networking solutions to create the most comprehensive site-based virtual care solution on the market Combined organization is positioned to lead the virtualization of healthcare across care settings InTouch Health has compelling financial model, with highly recurring revenue and significant potential for growth within clients Teladoc HEALTH Teladoc Health, Inc Investor Day 2020 92#93Healthcare is delivered over a patchwork of non-integrated care points (1) CMS National Health Expenditures 2017 Highlights Teladoc. HEALTH Unaffiliated Specialty Clinics Other Unaffiliated Hospitals and Health Systems Doctor Office Non Integrated Delivery Network Rural Hospital Unaffiliated Post Acute Care (i.e. SNF, LTC, HH), Integrated Care Delivery Network Urgent clinic PATIENT Specialty Clinic Community Hospital DTC/ Payor Telehealth ASCs 1 © 2002-2020 Teladoc Health, Inc. All rights reserved. 1 1 Unaffiliated Ambulatory Providers (i.e. Urgent Care, ACS, Imaging) Retail Pharmacy $3.5¹ trillion of annual US spend 93#94InTouch is the platform to virtualize healthcare delivery from inside the local health system out Teladoc HEALTH Unaffiliated Specialty Clinics Post Acute Care (i.e. SNF, LTC, HH) Doctor Office Urgent clinic Other Unaffiliated Hospitals and -Health Systems Rural Hospital PATIENT InTouch Health Community Hospital Free Standing Ambulatory Providers (i.e. Urgent Care, ACS, Imaging). Specialty Clinic ASCS DTC / Payor Telehealth Retail Pharmacy Teladoc Health, Inc. All rights reserved. ● InTouch Health Connecting doctors anywhere to patients anywhere, anytime Specialists and generalists Scheduled and unscheduled Onsite or online "Most health system executives would prefer a single, enterprise- wide telehealth platform" Sage Growth Partners study: Defining Telemedicine's role - The view from the C-Suite 94#95Jefferson Health uses InTouch to connect 38 hospitals Multiple hospitals with various EMRs and IT infrastructures are all connected through the InTouch Network Teladoc. HEALTH ©2002-202 Pottstown Memorial Medical Center Pottstown, PA Suburban Community Hospital (Prime Healthcare) East Norriton, PA Brandywine Hospital Coatesville, PA Jennersville Regional Hospital West Grove, PA Abington - Lansdale Hospital - Jefferson Health Lansdale, PA Paoli Hospital (Main Line Health) Paoli, PA Roxborough Memorial Hospital Philadelphia, PA Riddle Hospital (Main Line Health) Media, PA Bryn Mawr Hospital (Main Line Health) Bryn Mawr, PA Lankenau Medical Center (Main Line Health) Wynnewood, PA Chestnut Hill Hospital Philadelphia, PA Nemours/Alfred I. duPont Hospital for Children Wilmington, DE Doylestown Hospital Doylestown, PA Abington Hospital - Jefferson Health Abington, PA Beebe Medical Center Lewes, DE Mercy Fitzgerald Hospital (Mercy Health System) Darby, PA Holy Redeemer Hospital Meadowbrook, PA Pocono Medical Center East Stroudsburg, PA Aria - Bucks County Hospital - Jefferson Health Langhorne, PA Nazareth Hospital (Mercy Health System) Philadelphia, PA Mercy Philadelphia Hospital (Mercy Health System) Philadelphia, PA Aria-Frankford Hospital - Jefferson Health Philadelphia, PA Aria-Torresdale Hospital - Jefferson Health Philadelphia, PA Inspira Medical Center Elmer Elmer, NJ Vickie and Jack Farber Institute for Neuroscience. at Jefferson Methodist Hospital - Jefferson Health Philadelphia, PA Lower Bucks Hospital Bristol, PA The Memorial Hospital of Salem County Salem, NJ Inspira Medical Center Vineland Vineland, NJ Inspira Health Center Bridgeton Bridgeton, NJ University Medical Center of Princeton at Plainsboro Plainsboro Township, NJ Inspira Medical Center Woodbury Woodbury, NJ St. Francis Medical Center Trenton, NJ Kennedy University Hospital, Cherry Hill Cherry Hill, NJ Kennedy University Hospital, Washington Twp. Turnersville, NJ Kennedy University Hospital, Stratford Stratford, NJ Shore Medical Center Somers Point, NJ AtlantiCare Health Park at Hammonton Hammonton, NJ AtlantiCare Regional Medical Center City Campus, Atlantic City, NJ AtlantiCare Regional Medical Center Mainland Campus Galloway, NJ#96Early Beginnings... Building a medical-grade company Surgical Robotics Visionary Yulun Wang founded Computer Motion the World's first surgical robotics company 1989 Teladoc HEALTH 1996 Computer Motion IPO So CH Lindbergh Procedure The world's first tele-surgery preformed- performed by doctor in New York on patient in Strasbourg, France 2001 2002 INTUITIVE SURGICAL Computer Motion merger with Intuitive Surgical InTouch Health founded Teladoc Health, Inc. All rights reserved. Telehealth Visionary World's first commercial robotic telemedicine device connected via pubic internet 2003 InTouch Core Values The intimacy between patient and physician is paramount • Failure is not an option when patient lives are on the line ● Physicians adoption requires workflow integration and ease of Use 96#97Historical milestones Teladoc HEALTH franc CN A mar Seattl rm The New York Times r CNN 97#98The evolution of InTouch Health Finding a Market 2003-2007 • 1st Telehealth Network over public internet • 1st large scale Telestroke program linking 30 hospitals 1st commercial robot for telemedicine use cases #1 KLAS Rated Virtual Care Platform 3 Years in a Row (1) Management estimate, unaudited Teladoc HEALTH Building Telestroke 2008-2011 ● 1st commercial cellular Telehealth solution • 1st Telehealth Workflow documentation solution • 1st FDA Class II clearance for active patient monitoring -$80M¹ '19E Rev. 70% Recurring Rev. Expand Use Cases 2012-2016 ● ● Fully redundant global network with system- wide failover 1st commercial EMS solution • 1st autonomous robot for commercial clinical Use 40+ Clinical Use Cases O Teladoc Health, Inc. All rights reserved. Building Enterprise 2016-Present ● ● ● ● Launch Enterprise strategy with low acuity solutions Integrate DTP / DTC capability Enable competitor conversions Expand ecosystem through partnerships 35 of 50 Largest US Health Systems 98#993,500 3,000 2,500 2,000 1,500 1,000 500 Increasing customer engagement Locations 17Q1 1702 1703 1704 1801 Teladoc 1802 HEALTH 1803 VOST 1901 1902 YOY Growth Rate 30% ED6T 1904 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 17Q1 (Metrics based on FMS and Reach data, excludes TruClinic) 1702 1703 Users 1704 18Q1 1802 1803 1804 TO6T 1902 1903 YOY Growth Rate 30% 1904 140,000 120,000 100,000 80,000 60,000 40,000 20,000 1701 1702 Sessions 1703 1704 Teladoc Health, Inc. All rights reserved. 1801 1802 1803 YOY Growth Rate 25% 500 450 400 350 300 250 200 150 100 50 1 1701 Customers 1702 1703 1704 TOST 1802 1803 1804 TO6T 206T YOY Growth Rate 16% 99 19Q3 1904#100Enterprise solution utilizing proprietary network architecture Single network to easily and reliably connect multiple care locations and providers Current State of Play InTouch Managed Service Provider ● C ● + .⠀⠀⠀ .⠀⠀⠀ .**** VPN VPN + VPN ⠀⠀ *** Lama HO VPN VPN wwww/www. + Competitors' Customer Multiple Passwords No Access Controls • Different IT Systems & Personnel Ja School Employer Doctor Office DOD DOD Urgent Care 7 Ambulance 8.78 911 InTouch Operating System Home Hospital Pharmacy Health Plans Consumer Device#101The power of the InTouch Operating System A single virtual backbone to connect people, healthcare systems, HIT systems, devices and 3rd party applications to virtualize healthcare delivery EHR EHR Hospital H Clinic In-Network EHR Internal Physicians InTouch Operating System 14 EHR Out-of-Network Hospital EHR Clinic External Physicians#102InTouch Platform - (10) + SOLUTIONS 2 DEVICES Jo a ÖDol SOFTWARE MODULES HITRUST CSF Certified CD INTOUCH OPERATING SYSTEM InTouch Operating System DEVICES INTOUCH DEVICES CONSUMER DEVICES 3RD PARTY DEVICES usamamo WEB, MOBILE & DESKTOP USER INTERFACES NETWORK SERVICES NETWORK SOFTWARE La NETWORK INFRASTRUCTURE NETWORK MONITORING EMBEDDED CONNECTIVITY & A/V OS SERVICES IDENTITY MANAGEMENT DIRECTORIES ALERTS & NOTIFICATION ADMIN TOOLS DATA WAREHOUSE SOFTWARE MODULES INTAKE COORDINATOR SMART NOTES IMAGING ANALYTICS INTERFACE ENGINE & APIs#103Leveraging our platform to enable an loMT solution InTouch uniquely positioned to enable remote access to devices located inside hospital firewalls ● Multi-year licensing service agreement with Intuitive Surgical to build an Internet of Medical Things (loMT) network IOMT network will connect thousands of da Vinci Surgical Systems around the world to exchange real-time data for: - INTUITIVE SURGICAL Teladoc HEALTH Enhanced clinical insights to achieve better patient outcomes Proactive service and maintenance monitoring The ability to extract data for data analytics and machine learning GE GE partnered with InTouch after a multi-year, multi-vendor evaluation once determining it is the only reliable, scalable, global solution - 2016: GE launched 'Virtual Trainer' for all global MR/CT installs 2018: Expanded program to include cardiac ultrasound devices - 2019: Expanded to additional use cases Partnership grew in 2019 to embed InTouch A/V into Mural, GE's new patient surveillance and monitoring solution. © 2002-2020 Teladoc Health, Inc. All rights reserved. 103#104InTouch platform enables system-wide virtualization of care PATIENT ON-LINE Urgent Clinic Teladoc HEALTH Urgent Clinic PATIENT ON-LINE Specialty Clinic Specialty Clinic MMAA CALL PANEL Emergent & Scheduled Primary & Specialty Services Doctor Office Doctor Office PATIENT ON-LINE Teladoc Health, Inc. All rights reserved. PATIENT ON-LINE Rural Hospital Hospital O Home PATIENT Remote Monitoring Rural Hospital Community Hospital 104#105Leveraging our platform we deliver a comprehensive set of virtual care technology solutions Software Layered software modules to enable a broad range of scheduled and unscheduled clinical workflows Devices Purpose-built software and devices to ensure reliable connections across the entire care continuum 44 active use cases Elements of the InTouch Platform are combined to deliver a wide range of clinical use case solutions Teladoc HEALTH E InTouch Smart Notes SAMURA E InTouch Coordinator InTouch Imaging Mental Health InTouch Analytics Neonatology Teladoc Health, Inc. All rights reserved. InTouch Intake Stroke ICU . 216 Whi Pediatric EM Cardiology 105#106Traditional patient journey Joint Replacement Primary Care Specialist Diagnostic Exam Evaluation Test On-site On-site On-site Patient Journey Urgent Care Emergency Care Pre-Op On-site Hospital/ Rehab/ Surgery Treatment Follow-up On-site On-site On-site#107Historically all on-site Specialty Infectious Disease Nephrology Orthopedics General Surgery Oncology Neurology Example Pulmonology Flu, UTI, Pneumonia Renal Failure Joint Replacement Gallstones Breast Cancer Cardiology Heart Failure Stroke On-Site Care Teloco fty-enabled COPD Patient Journey Primary Specialist Care Exam Evaluation On-Site Diagnostic Urgent Test Care Emergency Care Teladoc Health, Inc. All rights reserved. Pre-Op Hospital/ Rehab/ Surgery Treatment Follow-Up 107#108Today's virtual enabled Specialty Infectious Disease Nephrology Orthopedics General Surgery Oncology Neurology Example Pulmonology Flu, UTI, Pneumonia Renal Failure Joint Replacement Gallstones Breast Cancer Cardiology Heart Failure Stroke On-Site Care Teloco fty-enabled COPD Patient Journey Primary Care Exam Specialist Diagnostic Urgent Evaluation Test Care Emergency Care Teladoc Health, Inc. All rights reserved. Pre-Op Hospital/ Rehab/ Surgery Treatment Follow-Up 108#109InTouch Health + Teladoc Health future Specialty Infectious Disease Nephrology Orthopedics General Surgery Oncology Neurology Example Pulmonology Flu, UTI, Pneumonia Renal Failure Joint Replacement Gallstones Breast Cancer Cardiology Heart Failure Stroke On-Site Care Teloco fty-enabled COPD Patient Journey Primary Specialist Diagnostic Urgent Care Exam Evaluation Test Care Virtual Virtual Virtual Emergency Care Teladoc Health, Inc. All rights reserved. Pre-Op Hospital/ Rehab/ Surgery Treatment Follow-Up 109#110Configurable software modules Modular software designed to build a solution that works for any use case and workflow and provide a seamless experience across web, desktop, and mobile. @ Gral ELIGIBILITY < 8:30 AM httpsdemo.visitnowor 0 1 Your estimated cost for this visit is $35 > CONFIRM ? @Omal PAYMENT < https//demo visitnow.o B I Month 838 AM Credit Card Number CVC Invoice Year ? > PAY $35 Analytics CARE LOCATION METRICS Houch Heath PasOts Pep www. Me 12:10 an hour ag FAST MEDICAL HISTORY MAN P LORE OMNITED Search Max R Singleton, Francis Pya, Ander Sandra Lew M Meer, Pa aizs 1115 Serge M You S LAVILN 400 o O CT SRAUMA HEAD WOD 2013-10-23 23524 S CREADO PA#111InTouch Health solutions and services Description Products & Services HEALTH Devices Operating System (1) Management figures. Teladoc Software Physician services ● High and low acuity devices powered by InTouch Health software Leased or purchased • Virtual care software "operating system" & network connectivity Configurable, use-case specific software modules User licenses • Virtual synchronous, acute time- sensitive physician staffing Teladoc Health, Inc. All rights reserved. InTouch Health % of 2019 TCV(¹) 30% (Includes leases and purchases) 27% 30% 7% 70% Recurring Rev. 111#112How customers buy from InTouch Health Recurring Care Location Revenue Network Access License Teladoc HEALTH + Hardware Rental and Support * Number of Care Locations InTouch Health InTou Å Teladoc Health, Inc. All rights reserved. Recurring User License Revenue Software Licenses (per Application) Number of Users 3-year contracts and recurring revenue model drives significant revenue visibility 112#113Trusted industry-leading virtual care solutions Top ranked for patient and provider satisfaction Teladoc HEALTH BEST IN KLAS® VIRTUAL CARE PLATFORMS 2020 SATISFACTION HIGHEST CUSTOMERS J.D.POWER AND ASSOCIATER TELEHEALTH-DIRECT-TO-CONSUMER 2019 TELADOC SYLE POWER AND ASSOCIATES #1 Virtual Care Platform For the third year in a row, InTouch Health is recognized as Best in KLAS for Virtual Care Platforms in the "2020 Best in KLAS: Software & Service" report #1 Direct to Consumer Teladoc Health won the J.D. Power award for Highest Telehealth Satisfaction with Direct to Consumer Providers and ranked the Best in Customer Service Teladoc Health, Inc. All rights reserved. 113#114End-to-end virtual care platform High Acuity Low Acuity Teladoc Primary Care HEALTH Home Direct to Consumer Retail- Primary Care Community Care Urgent Care Out-Patient Disease Mgmt. Acute Care Emergency Consults EMS Transport EMERGENCY Critical Care Family Connect In-Patient Mgmt. Surgical Mentoring Coordinate Care Teladoc HEALTH Teladoc Health, Inc. All rights reserved. TM Post-Acute Care Post-Acute Follow-Up SNF Re-Admit Mgmt. Remote Patient Monitoring Retail- Based Monitoring Teladoc Health well positioned to address entire continuum of care as system-wide virtualization of care rapidly expands At-Home Monitoring [Acuity] 114#115Key themes InTouch combines market leading software, hardware, and networking solutions to create the most comprehensive site-based virtual care solution on the market Combined organization is positioned to lead the virtualization of healthcare across care settings InTouch Health has compelling financial model, with highly recurring revenue and significant potential for growth within clients Teladoc HEALTH Teladoc Health, Inc Investor Day 2020 115#116Teladoc HEALTH How InTouch & Teladoc Health deliver value for health systems Jefferson Health Teladoc. INVESTOR HEALTH NEW YORK CITY DAY 05.05.2020 TM OO ●●● oooo o o o o o 3°#117Teladoc HEALTH Judd Hollander, MD Senior Vice President of Healthcare Delivery Innovation • Leads JeffConnect Telemedicine Program and Jefferson Urgent Care ● More than 500 Peer-reviewed articles, books, book chapters and editorials published • Former President of the Society for Academic Emergency Medicine Jefferson® Teladoc Health, Inc Investor Day 2020 117#118Teladoc HEALTH Financial overview TM Mala Murthy, Chief Financial Officer Teladoc. INVESTOR HEALTH NEW YORK CITY DAY 05.05.2020 OO ●●● OOOO o o o o o 8°#119Key themes We have a demonstrated history of meeting or exceeding financial targets Compelling financial model, with a foundation for sustained growth & margin expansion Positive free cash flow generation for continued investment in growth & operational excellence Teladoc HEALTH Teladoc Health, Inc Investor Day 2020 119#120Compelling financial model ● ● Organic investments and strategic M&A Investing in profitable products and channels Strategic acquisitions well integrated with increasing scale & relevance Teladoc HEALTH Credibility and access to capital markets X Revenue growth Broad-based, high visibility :$ Teladoc Health, Inc Investor Day 2020 Operating leverage Strong gross margin • Sales and A&M increasingly efficient Economies of scale in R&D, G&A Profitability and free cash flow Free cash flow positive and growing ● 120#121Consistent track record (1) (2) Teladoc HEALTH Visits Paid Membership 12.1 1.0 2016 Members & Visits (millions) (¹) ($40) 19.6 1.5 2017 22.8 ($13) 2.6 2018 Adj. EBITDA ($ millions) (2) 2016 2017 2018 Pro forma to exclude Aetna Fully Insured, Amerigroup, and other VFO. See adjusted EBITDA reconciliation immediately following this presentation. $13 36.7 4.1 2019 $32 2019 45% CAGR >60% CAGR $123 2016 ($52) 2016 Teladoc Health, Inc Investor Day 2020 Revenue ($ millions) $233 2017 ($34) $418 2017 2018 Operating cash flow ($ millions) ($5) $553 2018 2019 $30 2019 >60% CAGR 121#122Results and guidance show continued revenue growth and earnings expansion millions Revenue Adj. EBITDA(¹) Adj. EBITDA(¹) Margin U.S. paid membership Teladoc 2019 actual $553 $32 HEALTH 5.8% Total visits 4.1 (1) See adjusted EBITDA reconciliation immediately following this presentation. (2) At mid-point of guidance. 36.7 Growth vs. 2018 32% 137% 250 bps 61% 57% Teladoc Health, Inc Investor Day 2020 2020E guidance $695-710 $60-70 8.6% -9.9% 43.0 - 45.0 5.5-5.9 Growth vs. 2019(2) 27% >100% 290 bps-410 bps 20% 38% 122#123Growing subscription revenue, complemented by fast growing visit revenue % Subscription Teladoc HEALTH Subscription Revenue -66% '16-'19 CAGR Visit Revenue -58% '16-'19 CAGR $123 $23 $100 2016 Subscription and visit revenue ($ millions) 82% $233 $36 $198 2017 85% $418 $67 $351 2018 84% Teladoc Health, Inc Investor Day 2020 $553 $90 $463 2019 84% $695 - $710 2020E 123#124Our revenue is diverse and durable We are more global We are more diversified We have deeper penetration with our clients We have strong rates of retention Teladoc HEALTH î 20% of our revenue mix is now outside the US Our channel growth in 2019 ranged from 19% to 50%+ >30% of new business in 2019 was from existing clients 50% of new bookings are multi product Our retention rates are consistently over 90% Teladoc Health, Inc Investor Day 2020 124#125Continued strength in PMPM $0.58 Q1 2017 Membership (1)(2) & Average PMPM Paid Membership Net Adds (million) PMPM as Reported PMPM Ex. 2019 New Large Health Plan Populations (3) $1.16 HEALTH $0.95 Organic onboarding of large health plan population L Q4 2017 Q4 2018 $1.19 $0.91 Q4 2019 (1) US Paid Membership only. (2) US Paid Membership net adds pro forma to exclude Aetna Fully Insured and Amerigroup. (3) Q4 2019 pro forma to exclude new large health plan populations. (4) Represents average change in PEPM for 40+ employer clients lives adding product in 2019. Teladoc Case Study: Employers Adding Product in 2019(4) >30% PEPM Increase PEPM Prior to Product Add ©Telladac Hitlealth, IcInAllestitkeys 2020d. PEPM After Product Add 125#126Utilization and pricing trends support continued visit growth Teladoc HEALTH US Paid Visits US Revenue per Visit $39 0.6 US Paid Visits (millions) 2016 $45 0.8 2017 $56 1.2 (1) US Paid Membership only. (2) Pro forma to exclude Aetna Fully Insured, Amerigroup, and VFO. 2018 $54 1.7 2019 >40% CAGR 6.3% Q1 2017 Utilization (¹)(2) Paid Membership Net Adds (million) Rolling LTM Utilization Q4 Utilization Excluding 2019 New Large Health Plan Populations Teladoc Health, Inc Investor Day 2020 8.1% 6.9% Q4 2017 10.8% 9.4% Q4 2018 11.9% 9.3% Q4 2019 126#127Gross profit dynamics Stable gross margins on a pro forma basis Teladoc Gross Profit ($ millions) Gross Profit as Reported ($) ~60% CAGR HEALTH $91 2016 $172 2017 $289 2018 $369 (1) Full-year pro forma for acquisitions of Best Doctors and Advance Medical from 2016. 2019 Gross Margin % Gross Margin Pro Forma for Acquisitions (¹) Gross Margin as reported 74.0% 62.8% 2016 Teladoc Health, Inc Investor Day 2020 73.6% 65.9% 2017 69.2% 67.5% 2018 66.7% 2019 127#128Gross margin levers Access Mix Operational Efficiency Pricing Platform as a Service Teladoc HEALTH ● ● ● ● Shift towards digital access Continued call center efficiencies, including use of Al Alternative physician staffing models Judicious pricing architecture Multi-product sales driving incremental PMPM Growth in hospital and health system software platform Teladoc Health, Inc Investor Day 2020 ● ● Digital now 78% of all visits, up 28 ppts since Q1 2016. Call center now 22% of mix Current call center staffing per call down 29% versus year-end 2018 Meaningful increases in standard contract visit pricing Licensed platform margins in-line with or greater than overall business 128#129Investing in growth while delivering operating leverage 112.6% HEALTH 106.3% Operating Expense ("Opex") Leverage ($ millions) 92.1% 78.9% 76.5% 66.0% 2016 2017 Note: Sales, A&M, Technology, G&A CAGR represents expense inclusive of stock-based compensation. (1) Opex excludes depreciation and amortization, gain on sale, and merger and acquisition related expenses. (2) Adj. Opex excludes stock-based compensation, depreciation and amortization, gain on sale, and merger and acquisition related expenses. (3) Includes legal & regulatory. Teladoc 2018 Teladoc Health, Inc Investor Day 2020 73.0% 60.8% 2019 '16-'19 CAGR Revenue: 65% Opex (¹): 43% Adj. Opex(2): 37% Sales: 35% A&M: 47% Technology: 44% G&A(³): 43% 129#130Opex leverage: a combination of increasing revenue yield and cost efficiencies Revenue per $1 of customer acquisition and engagement marketing expense Teladoc X HEALTH 2016 26% CAGR 2.0x (1) Revenue growth excluding DTC per $ of sales expense 2019 Technology, G&A, Legal and Regulatory costs as a % of revenue 22 ppts improvement 63.0% 2016 41.0% 2019 Teladoc Health, Inc Investor Day 2020 Incremental revenue per $1 of sales headcount expense(¹) X 2016 7% CAGR 1.2x 2019 130#131Driving increasingly profitable growth Adj. EBITDA (% margin) Revenue Teladoc (32.2%) HEALTH (51.0%) $123 (1) Reflects midpoint of guidance. 2016 ― EBITDA (% margin) (5.4%) (30.2%) $233 2017 3.2% (8.4%) $418 2018 Teladoc Health, Inc Investor Day 2020 5.8% (7.5%) $553 2019 9.3% (1) (1.4%)(1) $695 - $710 2020E 131#132Balance sheet as of December 31, 2019 Liquidity ($ in millions) Cash & marketable securities Debt Convertible notes 2022 Convertible notes 2025 Total Net Debt Note: Free cash flow represents cash flow from operations less capital expenditures Teladoc Maturity 12/15/22 5/15/25 HEALTH $517.1 Rate Outstanding 3.0% $275.0 1.4% $287.5 2.2% $562.5 $45.4 Teladoc Health, Inc Investor Day 2020 Liquidity highlights Solid progress in cash flow generation with Cash flow from operations for full year 2019 of $30M; free cash flow of $19M(¹) ● Anticipate utilizing ~$150M of cash for the pending In Touch Health acquisition Convertible notes mature over the longer term with well timed intervals. 132#133Executing vision with strategic growth pillars Expand footprint & distribution Invest in channels Product cross-sell Teladoc HEALTH + Compelling Financial Model Clinical service innovation New clinical service lines Clinical quality leadership Assets & Capabilities ©Telladoc Health, Imc In Allestitkeys 2020d. ممنا Accelerate consumer adoption Integrated, intuitive experiences Engagement science @ 133#134Executing vision with strategic growth pillars Expand footprint & distribution Government health plans Expanded international Teladoc markets Continuous quality improvement Follow the sun service model HEALTH + Compelling Financial Model Clinical service innovation Virtual primary care (VPC) Nutrition, Pediatrics Assets & Capabilities Al credentialing applications Data analytics for enhanced clinical guidelines ©Telladac Health, ImcInAllestitkeys 2020d. ممنا Accelerate consumer adoption Expanded engagement channels Member experience enhancement C Machine learning tools for advanced network management WW 134#135Strong M&A track record Core Product Volume: Q4 2019 vs. 1st Quarter as Consolidated Company Visits: -16% CAGR 1.0x Q4 2017 Visits: -33% CAGR HEALTH 1.0x Best Doctors Healthiest You 1.3x Q4 2019 2.4x Q4 2016 Q4 2019 (1) International engagements includes international engagements and expert medical opinions. Teladoc International Visits(1¹): -28% CAGR 1.0x Teladoc Health, Inc Investor Day 2020 Advance Medical Q4 2018 BH Visits (4): >100% CAGR 1.0x BetterHelp Q4 2015 1.3x Q4 2019 >100x Q4 2019 135#136Long-term operating plan/financial algorithm Revenue Adj. EBITDA(1) margin Teladoc Guidance HEALTH 20% - 30% annual organic growth (1) See adjusted EBITDA reconciliation immediately following this presentation. + 200 - 300 bps expansion per year Comment • Continued growth in member base Expanded cross selling/upselling • International expansion beyond core markets Expanded product offerings to all facets of virtual primary care and specialty care ● ● ● ● Balanced growth across subscription, visits and M&A Pricing leverage ● Continued economies of scale in technology, sales and G&A • Continued marketing efficiencies Teladoc Health, Inc Investor Day 2020 136#137Summary Broad-based, highly visible revenue growth Increasingly efficient operating expense fuels top-line growth and margin expansion Internally generated free cash flow to fund investments in future growth & operational excellence Access to capital markets allows us to continue our successful track record of disciplined M&A that increases our market share, scale, and relevance Long-term revenue guidance of 20% – 30% annual organic growth with 200 to 300 bps of Adj. EBITDA margin expansion per year Teladoc HEALTH Teladoc Health, Inc Investor Day 2020 137#138Adj. EBITDA reconciliation GAAP to non-GAAP reconciliations EBITDA and Adjusted EBITDA ($ millions) Net loss Interest expense, net Income tax provision (benefit) Depreciation and amortization EBITDA Stock compensation Amortization of warrants and loss on extinguishment of debt Acquisition and integration related costs Gain on sale Adjusted EBITDA Teladoc HEALTH 2014 2015 2016 ($17.0) ($58.0) ($74.2) ($106.8) 1.5 2.2 2.6 17.5 0.4 0.0 0.5 (0.2) 2.3 4.9 8.3 19.1 ($12.8) 0.5 0.2 ($50.9) 3.1 Teladoc Health, Inc Investor Day 2020 0.5 2017 2018 ($97.1) 26.1 0.1 35.6 ($35.3) ($35.3) ($41.5) 43.8 66.7 ($62.8) ($70.4) 30.6 14.1 13.2 7.7 8.4 7.0 10.4 (5.5) ($12.1) ($47.3) ($39.7) ($12.5) $13.4 2019 ($97.1) ($98.9) 29.0 (10.6) 39.0 6.6 $31.8 138#139Thank you Teladoc HEALTH Teladoc Health, Inc Investor Day 2020 139#140Teladoc HEALTH TM INVESTOR DAY 03.05.2020 NEW YORK CITY