Nova Leap Health (NLH) Investor presentation summary

Industry overview and growth drivers

• Home care is among the fastest growing healthcare sectors in the U.S., fueled by an aging population, chronic disease prevalence, and a shift toward cost-efficient care options.

• The at-home care industry is projected to grow at a 4.9% CAGR from 2020 to 2026, with non-medical home care representing 6.4% of the U.S. total.

• By 2030, over 20% of Americans are expected to be over 65, increasing demand for home care services.

• Dementia care is a significant revenue driver, accounting for about 70% of revenue.

• Socioeconomic trends are reducing the availability of family caregivers, further boosting industry demand.

Business model and strategy

• Focuses on acquiring and organically growing home care companies, offering both non-medical and skilled home care services.

• Revenue is primarily out-of-pocket, reducing reimbursement risk compared to government-funded home health care.

• Operates in 10 U.S. states and Nova Scotia, Canada, with a decentralized local management model supported by centralized back office.

• Growth strategy includes organic expansion, targeted acquisitions, and joint venture partnerships to enhance service quality and margins.

• Acquisition targets are typically profitable, established companies with $1M–$25M revenue and strong reputations.

Financial performance and position

• Achieved record adjusted EBITDA of $1.6M in 2024, with increasing gross margins indicating pricing power.

• Amended credit agreement in Q4 2024, providing up to $7M in available credit; $4.7M available as of May 2025.

• Available cash of $1.3M USD and full access to a CAD $1.5M revolving credit facility at Q1 2025.

• Total bank debt and promissory notes of $2.5M at Q1 2025, with a leverage ratio of 1.70x adjusted EBITDA.

• Consistent revenue and EBITDA growth since 2017, with annual revenue reaching $28.2M in 2024.