dentalcorp Holdings Ltd
TSX:DNTL

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dentalcorp Holdings Ltd
TSX:DNTL
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Price: 10.95 CAD Market Closed
Market Cap: 2.1B CAD

dentalcorp Holdings Ltd
Investor Relations

In the complex world of healthcare models, dentalcorp Holdings Ltd emerges as a distinct player, effectively marrying clinical practice with business efficiency. Established as a practice management company, dentalcorp strategically partners with dental practices across Canada, extending its reach by providing vital support in areas ranging from human resources and procurement to marketing and finance. The company’s objective is to liberate dentists from administrative burdens, thereby allowing them to concentrate on patient care. This symbiotic relationship forms the core of dentalcorp's business, creating a network of practices that leverage shared resources to drive efficiencies and economies of scale.

Dentalcorp’s revenue model pivots on acquiring dental practices and reaping the benefits of their improved operational performance. By introducing standardized practices and centralized support, the company enhances profitability through increased patient intake and optimized service delivery. The addition of new clinics bolsters its market penetration and the integration of digital tools enhances clinical outcomes, making the service more appealing to a quality-conscious clientele. The focus on keeping the dentists in the forefront, while dentalcorp handles the intricate web of operations, exemplifies how the company capitalizes on shared success to achieve sustainable growth. Through this model, dentalcorp not only expands its footprint but also consolidates a competitive edge in the ever-evolving dental service industry.

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DNTL
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Last Earnings Call
Fiscal Period
Q2 2025
Call Date
Aug 8, 2025
AI Summary
Q2 2025

Revenue Growth: Q2 revenue reached $435.2 million, up 9% year-over-year, driven by continued organic and acquisitive growth.

Margin Expansion: Adjusted EBITDA margin improved by 20 basis points year-over-year to 18.7%, reflecting growing operating leverage.

Strong Free Cash Flow: Adjusted free cash flow grew 12% to $46 million, with free cash flow conversion rising to 65%.

M&A Acceleration: 8 practices acquired in Q2 for $24 million; company has already met its 2025 M&A EBITDA target with more deals expected in the second half.

Deleveraging Progress: Net leverage declined to 3.65x, marking the seventh consecutive quarter of improvement.

Guidance Reaffirmed: Full-year guidance for 3–5% same practice revenue growth, 20 bps margin expansion, and 10–11% full year revenue growth was reaffirmed.

CDCP Impact: Some Q2 deferrals linked to the Canadian Dental Care Plan, but no further negative impact expected for the rest of the year.

Key Financials
Revenue
$435.2 million
Adjusted EBITDA
$81 million
Adjusted EBITDA Margin
18.7%
Adjusted Free Cash Flow
$46 million
Free Cash Flow Conversion
65%
Net Leverage
3.65x
Liquidity
$428 million
Number of Practices Acquired
8
Number of Active Patients
2.4 million
Recurring Patient Visit Rate
92%
Q3 2025 Revenue Guidance
Revenue to increase by 10–12% over Q3 2024
Same Practice Revenue Growth Guidance
3% to 5% for FY 2025 and Q3
Acquisition Pro Forma Adjusted EBITDA After Rent Guidance
$25 million+ for 2025
Earnings Call Recording
Other Earnings Calls

Management

Mr. Graham Lawrence Rosenberg CA, CPA
Founder, Chairman of the Board & CEO
No Bio Available
Mr. Nate Tchaplia
President & Interim CFO
No Bio Available
Ms. Nicola Deall
Chief People Officer
No Bio Available
Mr. Kevin L. Mosher
Executive Director
No Bio Available
Mr. Joe Spagnuolo
Senior Vice President of Operations
No Bio Available
Mr. Jeff Forbes
Chief Technology Officer
No Bio Available
Mr. Julian Perez
Chief Legal Officer
No Bio Available
Mr. Sebastien Bouchard
Vice President of Corporate Communications
No Bio Available
Mr. Martin Fecko
Chief Marketing Officer
No Bio Available
Ms. Michelle McAra
Senior Vice President of Corporate Development
No Bio Available

Contacts

Address
ONTARIO
TORONTO
181 Bay Street, Suite 2600, Toronto
Contacts