Medical Facilities (DR) Investor presentation summary

Business overview

• Owns two highly rated specialty surgical hospitals in the U.S., focusing on orthopedic and neurosurgical procedures.

• Operates in partnership with 65 physician partners, emphasizing direct physician involvement in management.

• Focuses on short-duration, non-emergency surgical, diagnostic, imaging, and pain management procedures.

Financial performance

• 2025 revenue and other income reached US $254.2 million, with income from operations at US $46.7 million.

• 2025 EBITDA was US $58.4 million, with an EBITDA margin of 23.0%.

• Cash available for distribution in 2025 was C$30.3 million, with a payout ratio of 22.1%.

• Maintained a strong financial position with US $43.4 million in cash and a current ratio of 1.54 as of December 31, 2025.

Shareholder returns

• Repurchased 5.16 million shares for US $63.7 million in 2025 and 1.7 million shares for US $16.6 million in 2024.

• Since September 2022, 11.78 million shares have been repurchased for US $119 million.

• Annualized distribution per share is $0.36, with a current yield of 2.14%.