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EX-99.1 - EXHIBIT 99.1 - HOOPER HOLMES INC | a50865166ex99_1.htm |
8-K - HOOPER HOLMES, INC. 8-K - HOOPER HOLMES INC | a50865166.htm |
Exhibit 99.2
1 Hooper Holmes, Inc. May
14, 2014 Earnings Presentation Speakers: Henry Dubois, Chief Executive
Officer Tom Collins, Chief Financial Officer
2 Safe Harbor Statement 2
The presentation contains forward-looking statements concerning plans,
objectives, goals, strategies, future events or performances, which are
not statements of historical fact. The forward-looking statements
contained in this release reflect our current beliefs and expectations.
Actual results or performance may differ materially from what is
expressed in the forward-looking statements. You are referred to the
documents filed by us with the SEC, specifically reports on Form 10-K
and Form 10- Q including risk factors that could cause actual results to
differ from forward-looking statements. These reports are available at
www.sec.gov. This presentation should be used in conjunction with the
earnings call dated May 14, 2014. This presentation contains information
from third-party sources, including data from studies conducted by
others and market data and industry forecasts obtained from industry
publication. Although Hooper Holmes Inc. believes that such information
is reliable, Hooper Holmes Inc. has not independently verified any of
this information and Hooper Holmes Inc. does not guarantee the accuracy
or completeness of this information.
Progress Since March 26
Continuing to deliver the Finest Biometric Screenings in the Industry
Quality Partnership April 29: Rounded out new management team by
appointing: • SVP Health & Wellness Products and Operations • General
Counsel & Corp Secty April 16: Announced Strategic Alliance with
Clinical Reference Laboratory, Inc. (CRL) Working closely with customer
partners to attract new employers for services *Health & Wellness
segment growth H&W Growth* 3
4 Strategic Alliance with
CRL Accelerates Growth in Health Care services Health & Wellness is Sole
Hooper Focus at Close Shareholder Value Partnership Industry Leadership
• CRL to acquire Hooper Holmes’ Lab & Services businesses for $3.7mm •
Late 2Q/early 3Q14 closing • Additional capital to support H&W growth •
Retain H&W supply chain capabilities • Hooper will join CRL’s preferred
provider network for Wellness • Access to CRL’s state-of-the-art lab
testing capabilities • Will be exclusive provider of Lab testing
services to Hooper • Will expand CRL life insurance industry leadership
• Increased Lab testing market share
5 Corporate Update Rounding
out the Management Team & Transition Update •Tracy Mackey appointed
General Counsel - 15+ years of experience in corporate governance,
federal securities laws, M&A and business strategy •Dave Rexroat
appointed SVP, H&W Products & Operations- Long-standing innovator in
healthcare services technology and health insurance operations
Management Team Additions • Consolidation of primary operations
complete: - All operating functions out of Olathe, Kansas - Select IT
functions and administrative functions have been outsourced - Final
transition of IT occuring in 2Q14 • Letter of intent to sell NJ property
for $3.05mm, expected to close July 11, 2014 Transition Update
6 1Q2014 Results vs 1Q2013
– Consolidated 6 Revenue($mm) Operating Income ($mm) • Health and
Wellness revenue up 38% over Q1 2013 • Q1 2014 Operating income includes
$1.1mm of transition expenses • Cash position of $2.7mm and no debt
outstanding Key Takeaway $12.4 $12.6 -$2.0 -$2.5
7 1Q2014 Results vs 1Q2013
– Health & Wellness 7 Revenue($mm) H&W Screenings Operating Income ($mm)
• 38% increase in revenue and 34% increase in screenings over 1Q2013 •
Operating income increase • Gross margin investments made in Q1 to
support revenue growth Key Takeaway
8 Expected Benefits From
Our Pure H&W Focus The “New Hooper” Serves a Large Market with Room to
Grow Targeted Growth Increased Focus • With customer partners, attract
new employers • Expand into additional markets • Expand channel
opportunities • Manage within natural business cycle - Growth compared
to year-over-year basis, not sequential quarters • Continually refine
offerings to broaden revenue base • Data analytics, reporting •
Maximizing participant engagement • Increase health professional and
supply efficiency Improved Gross Margins HH Today Market volume
Biometric Screenings Organizations currently offering wellness programs,
requiring biometric screenings 2013 Hooper Screenings 420,000 Wellness
Potential Organizations currently considering or administering employee
wellness programs Total U.S. Workforce 160mm workers
9 Transformation Progress in Q1 Positive Start to the Year • 38% revenue growth year-over-year • Management team complete • Announced CRL Strategic Alliance • Operations consolidated in Olathe • Clean balance sheet, no debt, access to capital • Continued focus on long-term strategy 2014 Direction: Cash Flow Positive for the full year, Health & Wellness Growth Where We Are What’s Next? • Close CRL Strategic Alliance • Sole focus on Health & Wellness • Expand sales capabilities • Improve service delivery model • Explore additional markets & channels • Attract new employers for services • Refine offering to broader revenue base • Cash flow positive for full year