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Carasent

Investor Presentation Feb 10, 2022

3568_rns_2022-02-10_7e63017c-fbe0-45fd-9851-ab68699037a0.pdf

Investor Presentation

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Interim report Q4 2021

10 February2021

Disclaimer

Certain statements made in this Presentation may include forward-looking statements. These statements relate to the Company's expectations, beliefs, intentions or strategies regarding the future. The forward-looking statements reflect the Company's current views and assumptions with respect to future events and are subject to risks and uncertainties.

All though the Company believes that its expectations and the Presentation are based upon reasonable assumptions, it can give no assurance that those expectations will be achieved or that the actual results will be as set out in the Presentation.

Carasent ASA is making no representations or warranty, expressed or implied, as to the accuracy, reliability or completeness of the Presentation, and neither Carasent ASA, nor any of its directors, officers, employees or advisors will have any liability to you or any other person resulting from your use.

Q4 2021 summary

Consistent track-record of growth

Overall market trends

DRIVERS

PROBLEM

The need for high-quality healthcare at lower cost to society has never been greater

The healthcare industry is facing underlying structural issues

Becoming "one Carasent" –unlocking synergies

WebocX–launchingourofferingin theEuropean market

webdocx $\alpha$
Search anything
$\Box$ Cinic ID $\sim$ R John A. Zoldberg, N
Search patient ID
$\mathbb{Q}$
Dashboard »
+ NEW PATIENT Welcome, dr. Zoidberg! Appointments
Today, 14 may 2021
$\equiv$
Upcoming appointments
ü
You have no unread messages
×
$09.00 - 10.00$
Name Surname
Session #2
Name Surname Patient ID 3 unsigned entries
Patient ID view-mm-dd
B
$\bullet$
11:00 - 12:00
Name Surname A
Name Surname Patient ID
Name Surname Patient ID
Patient ID vann-mm-dd B
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Session #2
$13.00 - 14.00$
$\Box$ Name Surname Patient ID Patient ID vyw-mm-dd
$\circ$
B
$\bullet$
Name Surname
Session #2
3 Recently viewed
v
Other tasks 14:00 - 15:00
Name Surname
Name Sumame Patient ID
Name Surname Patient ID
Wash car
Water office plant
⊗ ×
$\circ$
$\times$
Session #2
Name Surname Patient ID New task $\mathcal{C}$ 15:00 - 16:00
Name Surname
Session #2
$\circledR$ Name Surname Patient ID
webdocx Search anything $\mathbb{Q}$ $\Box$ case o $\sim$ John A. Zoidberg, MD .
$\times$
8
Jane Doe 83-11-28
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37 years old 9
Pottent list > Jane Doe
& Jane doe D MESSAGE


Patient overview
Personal info ĭ RISK OF HARMING SELF RISK OF HARMING OTHERS

Journal
GENERA
PHONE MUNEER
123 - 456 78 910
Female
PHYSICAL ADRESS
123 Street name
Д

Labs
EWAIL ADRESS
DATE OF BIRTH
1234-56-78
[email protected]
Hometown 123 45
United kingdom
High Moderate
Diagnoses
NAME
CODE
DIASNOSED
NEDICATION $\ddot{\phantom{0}}$
TREATMENT
$\Box$ Attention-deficit hyperactivity disorder
predominantly inattentive type
F90.8
2018-11-21
Ritalin 10 mg
Concerta 36 mg
Group CBT
PAP
6 Timeline
(2) Evaluation
Session 2
Missed
20 may 2020
20 may 2021
20 may 2021
$\Box$
$\Box$
$\Box$
Session 3
20 may 2021
$\Box$
Self report form
20 may 2021
H
Session 3
20 may 2021
- - ->
$\Box$
Ramping
up investments
for Webdoc
X, our
new
offering
for the
European
market
UK as the
first target market
Ongoing pilot project Mindler
is progressing according to plan

Plan to launch the product commercially in 2023

Acquisition of Medraveis a good strategic fit for Carasent

  • Number one healthcare software provider for clinical performance analysis to the primary care and secondary outpatient care markets in Sweden and Norway
  • Module based software solution providing clinical reports on quality improvement to GPs, physiotherapists, child care, urgent care, youth care, mental health and habilative care practices
  • The quality improvement solution automatically collects and sorts data, analyze and visualize, tracks and benchmarks KPIs, and provides automatic reporting
  • Seamless and tailored integration with mainstream EMR system vendors
  • Consistent historical organic growth of 15% revenue CAGR from 2017-2020

Carasent'spathto growth

  • Apparent need for digitalization in the healthcare sector to drive efficiency and allow more time for clinical personnel to handle patients
  • Clear expansion opportunities across geographic presence and healthcare verticals

  • Proven track record and capabilities

  • Fragmented market with many small niche players
  • Carasent leading the consolidation

  • Established model for creating and extracting synergies

  • Cross sale potential enabled through platform solution
  • Accelerate growth of acquired companies

Financial Review

Q4 2021 –Summary

Organic growth of 19% for the group in Q4

Organicgrowthdriven by loyaland consistentlygrowingcustomerbase

Performance in line with updated guidance

Revenue guidance 2021 – Avans Soma & Evimeria EBITDA guidance 2021 – Avans Soma & Evimeria

EBITDA margins of 26% in Q4 and 33% for 2021

Outlook

Outlook and guidance

  • While organic growth rates continue to be impacted by the pandemic, the long-term prospects remain intact
  • Guidance for 2022:
  • Revenue NOK >200 million (excluding potential from additional M&A)
  • Group EBITDA in the margin in line with 2021

18

Continue to execute on our growth plan

Executing on continued attractive growth path

Geographic expansion

Unaudited consolidated management account

3
Months
Ended
December
31,
2021
in
NOK
Evimeria Avans
Soma
Metodika Carasent
AS
Carasent Carasent Q4-21
(Amounts
1,000)
Recurring Non-recurring
(*
Active
clinics/units
619 171 54 844
Operating
Total
Revenues
23,374 9,240 7,363 - - 39,977
Total
Cost
of
Sales
4,795 1,470 1,095 - - 7,360
Gross
Profit
18,579 7,770 6,269 - - - 32,617
Operating
Expenses
Employee
Compensation
and
Benefits
6,795 3,154 4,407 - 1,079 15,436
Other
Operational
and
Administrative
Costs
2,533 2,248 964 240 722 7,967 14,674
Operating
Total
Expenses
9,328 5,403 5,371 240 1,802 7,967 30,110
EBITDA 9,251 2,367 898 (240) (1,802) (7,967) 2,507
Cash
D&A
903 168 1,071
Non
Cash
D&A
1,719 1,609 561 - 804 - 4,693
Depreciation
and
Amortization
2,622 1,777 561 - 804 5,764
EBIT 6,630 590 337 (240) (2,606) (7,967) (3,257)
Total
Other
Expense
(101) 3 (67) (116) 13,886 13,605
(loss)
Before
Income
Income
Taxes
6,529 593 270 (356) 11,280 (7,967) 10,349
Income
Tax
Expense
(550) (77) 66 - - (560)
Net
Income
(loss)
for
the
Period
5,978 517 336 (356) 11,280 (7,967) 9,788

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