U S Physical Therapy : USPH IR Presentation Q1 2025

Published: 2025-05-13 16:39:20 ET USPH

Published on 05/13/2025 at 16:39

773

Owned/Managed Outpatient Physical and Occupational Therapy Clinics (1)

44

State National Footprint (1)

Diversified Payor Mix

85%

Physical Therapy Operations % of Revenue(1)

15%

Injury Prevention Services % of Revenue(1)

>$40bn

>10%

US Rehabilitation Market

Favorable Demographic Trends

No Company Has Greater Than 10% Market Share(3)

er of Choic

~1/2

Partn e with Experienced Physical Therapists

Driven by Organic Growth and Acquisitions

Of Clinics Were De Novo Start-ups

$699mm

TTM Revenues(2)

$85mm

TTM Adj EBITDA(2)(4)

18%

YoY Revenue Growth(1)

$1.80

Annual Dividend

3

As of or for the first quarter ended March 31, 2025 compared to the first quarter ended March 31, 2024. Included in the clinic count shown above are 37 clinics that the Company manages on behalf of third parties.

For the annual period ended March 31, 2025.

Source: "Industry Trends in M&A and Total Addressable Market Study" (Bain & Company, WebPT). Select Medical used as proxy for largest physical therapy operator in the U.S. with 1,944 outpatient rehabilitation clinics as of Sept 30, 2023.

Adjusted EBITDA is a non-GAAP financial measure and has not been prepared in accordance with GAAP. See Reconciliation of Non-GAAP Financial Measures - Adjusted EBITDA for further detail.

* Included in the clinic count (but excluded from the map) are 37 clinics that the Company manages on behalf of third parties.

4

$40B+ U.S. rehab market

Favorable demographics - physically active, aging and obese population segments

Significant market potential

~50% of Americans over 18 years old develop a musculoskeletal injury that lasts more than 3 months

Within this group, only 10% use outpatient physical therapy services (1)

Healthcare delivery shifting towards lower cost, high quality outpatient providers

Operating environment favors market consolidators with scale

5 (1) Source: "Industry Trends in M&A and Total Addressable Market Study" (Bain & Company, WebPT), Market Research.

Disclaimer

USPh - U.S. Physical Therapy Inc. published this content on May 13, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 13, 2025 at 20:38 UTC.