First quarter 2023
Earnings conference call
Karen S. Lynch
President and
Chief Executive Officer
Shawn M. Guertin
Executive Vice President and Chief Financial Officer
May 3, 2023
Cautionary statement
concerning forward-looking statements
2 ©2023 CVS Health and/or one of its affiliates.
This presentation includes forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward- looking statements made by or on behalf of CVS Health Corporation ("CVS Health"). By their nature, all forward-lookingstatements are not guarantees of future performance or results and are subject to risks and uncertainties that are difficult to predict and/or quantify. Actual results may also differ materially from those contemplated by the forward-lookingstatements due to the risks and uncertainties related to the recent acquisitions of Signify Health, Inc. and Oak Street Health, Inc., and the impact of COVID-19and any new variants or viruses, as well as the risks and uncertainties described in our Securities and Exchange Commission filings, including those set forth in the Risk Factors section and under the heading "Cautionary Statement Concerning Forward- Looking Statements" in our most recent Annual Report on Form 10-K,our most recent Quarterly Report on Form 10-Q,our recent Current Reports on Form 8-K,and this morning's earnings press release.
This presentation includes non-GAAP financial measures that we use to describe our company's performance. In accordance with SEC regulations, you can find the definitions of these non-GAAP measures, as well as reconciliations to the most directly comparable GAAP measures, on the Investor Relations portion of our website.
Link to our non-GAAP Reconciliations
Financial highlights
Delivered strong revenue growth of 11% and Adjusted EPS of $2.20 in the first quarter
Updating 2023 guidance, including net impact of Signify Health and Oak Street Health acquisitions
DELIVERED STRONG
Q1 Financial results
11.0%
revenue growth
$1.65
GAAP EPS
$2.20
Adjusted EPS
$7.4B
cash flow from operations
DEPLOYED CAPITAL TO GENERATE
Shareholder value
Signify Health
acquisition closed in March
Oak Street Health
acquisition closed in May
$779M
returned to shareholders through quarterly dividend
22.8M
shares of common stock repurchased
FULL-YEAR 2023
Company guidance
$348 - $353B
Total company revenue
$17.3 - $17.7B
Total adjusted operating income
$8.50 - $8.70
Total company adjusted EPS
$12.5 - $13.5B
Total operating cash flow
3 ©2023 CVS Health and/or one of its affiliates.
Our strategic imperatives
Grow
our foundational
businesses
Advance
care delivery and
health services offerings
Harness
cutting-edge tech to
streamline and simplify
Empower
our people and culture
4 ©2023 CVS Health and/or one of its affiliates.
Reimagine
our omnichannel health experience
Become the leading
health solutions company
for consumers
Our vision
Drive improved health | |
Deliver a superior | outcomes, lower costs, |
health care experience | higher levels of |
for consumers | engagement and broader |
access to high quality care |
5 ©2023 CVS Health and/or one of its affiliates.
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CVS Health Corporation published this content on 03 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 May 2023 11:15:09 UTC.