FINANCIAL HIGHLIGHTS SELECT MEDICAL HOLDINGS CORPORATION (In thousands, except per share data) 2015 2014 2013 2012 2011 (1) We define Adjusted EBITDA as net income before interest, income taxes, depreciation and amortization, gain (loss) on early retirement of debt, stock compensation expense, Concentra acquisition costs, equity in earnings (losses) of unconsolidated subsidiaries, other income (expense), and long-term incentive compensation. Adjusted EBITDA is used by management to evaluate financial performance and determine resource allocation for each of our operating units. (2) The selected financial data for the company’s Concentra segment for the periods presented begins as of June 1, 2015, which is the date the Concentra acquisition was consummated. 4 S E L E C T M E D I C A L I M P R O V I N G Q U A L I T Y O F L I F E FOR THE YEARS ENDED Net operating revenues Income from operations Net income attributable to Select Medical Holdings Corporation Income per common share, fully diluted Dividends per share Cash flow from operations SEGMENT INFORMATION Net operating revenues Specialty hospitals Outpatient rehabilitation Concentra(2) Other $ 3,742,736 274,790 130,736 0.99 0.10 208,415 $ 2,346,781 810,009 585,222 724 $ 3,065,017 $ 2,975,648 $ 2,948,969 $ 2,804,507 284,476 301,436 336,859 310,719 120,627 114,390 148,230 107,846 0.91 0.82 1.05 0.71 0.40 0.30 1.50 — 170,642 192,523 298,682 217,128 $ 2,244,899 $ 2,198,121 $ 2,197,529 $ 2,095,519 819,397777,177 751,317 708,867 721 350 123 121 Total Net Operating Revenues Adjusted EBITDA(1) Specialty hospitals Outpatient rehabilitation Concentra(2) Other $ 3,742,736 $ 327,623 98,220 48,301 (74,979) $ 3,065,017$ 2,975,648 $ 2,948,969 $ 2,804,507 $ 341,787 $ 353,843 $ 381,354 $ 362,334 97,584 90,313 87,024 83,864 (75,499) (71,295) (62,531) (60,237) Total Adjusted EBITDA BALANCE SHEET SNAPSHOT AT YEAR END Cash and cash equivalents Working capital Total assets Total debt Stockholders’ equity $ 399,165 $ 14,435 11,465 4,426,666 2,423,884 859,253 $ 363,872 $ 372,861 $ 405,847 $ 385,961 $ 3,354 $ 4,319 $ 40,144 $ 12,043 133,220 82,878 80,397 99,472 2,924,809 2,817,622 2,761,361 2,772,147 1,552,976 1,445,275 1,470,243 1,396,798 739,515 786,234 717,048 819,679
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