Concentra Group Holdings Parent (CON) Wells Fargo 21st Annual Healthcare Conference summary

Leadership transition and succession planning

• Recent leadership changes were part of a long-term, well-received succession plan, with experienced internal candidates stepping into CEO and CFO roles effective November 1st.

• Outgoing CEO will transition to Executive Chairman, while the current Chairman will become a director.

• Succession planning extends to other key leaders, ensuring continuity and depth in management.

Business performance and market trends

• Strong start to the year with visit growth in both workers' comp and employer services, especially in manufacturing and construction sectors.

• Employer services growth is stable at 1%-2%, while workers' comp is outperforming long-term trends.

• Blue collar job growth, particularly in healthcare, manufacturing, and construction, is driving volume.

• Real-time data from 55,000 daily patients and 250,000 employers provides valuable market insights.

Financial guidance and margin performance

• Guidance has been raised multiple times this year, reflecting strong Q1 and Q2 results and continued outperformance.

• Margin improvement driven by center-level efficiencies and cost control, with a 240 basis point improvement over Q2 of the prior year.

• Margin expansion expected to continue, with a projected 100 basis point increase over prior years.