Nova Leap Health (NLH) Investor Presentation summary

Investment highlights and market position

• Leading provider in the essential and expanding home care industry, focusing on dementia care and family-centered services.

• Completed 20 acquisitions since 2016, with renewed acquisition activity in 2024 and operations in 10 US states and Nova Scotia.

• Over 90% of sector players are small businesses, with top three firms holding less than 5% market share, indicating high fragmentation and consolidation potential.

• Record adjusted EBITDA in 2023 and $1.7M for Q4 2023–Q3 2024, with increasing gross margins and no bank debt.

• Management holds 40% insider ownership, aligning interests with shareholders.

Industry overview and growth drivers

• Home care is among the fastest-growing US healthcare sectors, driven by an aging population and chronic disease prevalence.

• 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 market.

• By 2030, over 20% of Americans will be over 65, and dementia patients account for about 70% of Nova Leap's revenue.

• Socioeconomic trends are reducing family-provided care, increasing demand for professional home care services.

Business model and services

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

• Non-medical services include dementia care, personal grooming, mobility assistance, medication reminders, errands, and meal prep, paid out-of-pocket.

• Skilled home health care includes nursing, therapy, pain and wound management, and is typically government reimbursed.