Addus HomeCare (ADUS) Investor presentation summary

Company overview and business model

• Operates 262 locations in 23 states, serving about 62,500 consumers with 50,000 employees.

• Focuses on personal care, hospice, and home health services, primarily for elderly, chronically ill, or disabled individuals.

• Personal care is the largest segment, accounting for 76.5% of 2025 net revenues.

• Provides cost-effective, long-term care that helps consumers avoid more expensive institutional settings.

• Mission centers on enabling people to remain in their homes through affordable care and assistance.

Financial performance and stability

• 2025 revenues reached $1.4 billion, with adjusted EBITDA of $180 million and a CAGR of 14.4% (revenue) and 21.0% (EBITDA) from 2022-2025.

• Gross margins have remained stable at 32.5% in 2025, with adjusted EBITDA margin rising to 12.7%.

• Net income per diluted share grew from $2.84 in 2022 to $5.22 in 2025, with adjusted net income per share at $6.23.

• Minimal capex requirements (0.5% of revenue in 2025) and strong free cash flow conversion.

• Maintains a strong balance sheet with $81.6 million in cash, $121 million in bank debt, and $517.7 million available on a $650 million revolving credit facility.

Growth strategies and acquisitions

• Pursues organic growth through increased referral source interaction, sales force enhancement, and technology investments.

• Executes a disciplined acquisition strategy, focusing on accretive deals in existing and adjacent markets.

• Recent acquisitions include Gentiva's personal care operations ($350M), expanding coverage in seven states and entering Texas.

• Acquisitions are immediately accretive to earnings and broaden service offerings and geographic reach.

• Value-based care opportunities are enhanced by offering multiple service segments in key geographies.