2022 Guidance and E.S.G. Considerations
Highlights and Summary Financial Results (Adjusted): 4Q 2021(1)
Home Health total same store volume +2%, total same store admissions +2%; Hospice same store
admissions -1%; Margin pressure driven by Hospice ADC decline & labor costs
amedisys
Adjusted Financial Results
Amedisys Consolidated
$ in Millions, except EPS
.
Revenue Growth: +2%
⚫ EBITDA: $65M (-17%, ex.
•
Contessa -10%)
EBITDA Margin: 11.6% (ex.
Contessa: 12.6%)
⚫EPS: $1.18 (-21%)
Home Health
Hospice
Personal Care
High Acuity Care
Total Revenue
Gross Margin %
Adjusted EBITDA
Home Health
Same Store (2)(3):
• Total Volume: +2%
Adjusted EPS
Free cash flow (4)
Hospice
Same Store Volume (3):
4Q20
4Q21
FY 2020
FY 2021
329.4
337-3
203.9
204.9
17.4
15.1
1,249.2
750.1
72.2
1,353.8
785.3
65.0
2.0
3.5
$
550.7
$
559.3
$
2,071.5
$
2,207.6
45.5%
44.1%
44.6%
45.1%
Balance Sheet & Cash Flow
• Net debt: $403.8M
• Net Leverage ratio: 1.3x
• Revolver availability: $522.5M
• CFFO: $5.2M
78.1
64.8
273.5
299.6
•
Free cash flow (4): $1.2M
14.2%
11.6%
13.2%
13.6%
• DSO: 43.2 (vs. Q4'20 of.
40.2
and
$1.49
$1.18
$6.11
$5.95
down 0.3 days since Q3)
$60.6
$1.2
$273.5
$174.3
.
Total Admissions: +2%
Other Statistics:
Revenue per Episode (5): $2,951
(+1.5%)
• Admissions: -1%
ADC: -4%
Other Statistics:
Revenue per Day: $168.24
(+4.7%)
Total Cost per Visit: $106.67
(+5.9%)
Cost per day: $90.23 (+10.8%)
Personal Care
Growth Metrics:
Clients served: -22%
High Acuity Care
Growth Metrics:
Billable hours/quarter: -24%
•
Total Admissions: 286
•
Number of JV's: 8
Other Statistics:
Other Statistics:
•
Revenue per hour: +15%
Cost per hour: +17%
•
Patient Satisfaction: 97%
1.
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2.
The financial results for the three-month periods and years ended December 31, 2020 and December 31, 2021 are adjusted for certain items and should be considered a non-GAAP financial measure. A
reconciliation of these non-GAAP financial measures is included in the corresponding 8-K detailing quarterly results for each respective reporting period.
Same Store volume - Includes admissions and recertifications.
3.
Same Store is defined as care centers that we have operated for at least the last 12 months and startups that are an expansion of a same store care center.
4.
5.
Free cash flow is defined as cash flow from operations less routine capital expenditures and required debt repayments. Q4'20 free cash flow includes payroll tax deferrals.
Medicare sequestration suspended 5/1/20.
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