HispanicBusiness

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Following the conclusion of the call, a replay of the webcast will be available at the company's web site within two hours. Alternatively, a telephonic replay of the call will be available at 7:00 p.m. Eastern Time, and can be accessed until March 6th, 2013 at midnight Eastern Time, by calling (888) 286-8010 in the U.S. or (617) 801-6888 internationally, with access code 72477425.

                   EXAMWORKS GROUP, INC. AND SUBSIDIARIES                   Consolidated Statements of Operations             (In thousands, except share and per share amounts)                                (Unaudited)                           For the three months       For the year ended                            ended December 31,           December 31,                         ------------------------  ------------------------                             2011         2012         2011         2012                         -----------  -----------  -----------  -----------Revenues:                $   115,312  $   139,637  $   397,860  $   521,237Costs and expenses:  Costs of revenues           76,017       92,575      262,242      344,051  Selling, general and   administrative   expenses                   25,348       28,868       84,133      113,510  Depreciation and   amortization               14,286       16,306       47,439       58,551                         -----------  -----------  -----------  -----------    Total costs and     expenses                115,651      137,749      393,814      516,112                         -----------  -----------  -----------  -----------    Income (loss) from     operations                 (339)       1,888        4,046        5,125                         -----------  -----------  -----------  -----------Interest and other expenses, net:  Interest expense, net        6,558        7,814       15,480       27,968  Loss on early   extinguishment of   debt                            -            -          621            -  Other income                     -            -            -         (226)  Gain on interest rate   swap                          (75)         (56)        (328)        (225)  Realized foreign   currency loss                 465            -          688          534                         -----------  -----------  -----------  -----------    Total interest and     other expenses, net       6,948        7,758       16,461       28,051                         -----------  -----------  -----------  -----------    Loss before income     taxes                    (7,287)      (5,870)     (12,415)     (22,926)Income tax benefit            (2,262)      (3,187)      (4,082)      (7,987)                         -----------  -----------  -----------  -----------    Net loss             $    (5,025) $    (2,683) $    (8,333) $   (14,939)                         ===========  ===========  ===========  ===========Per Share Data:  Net loss per share:    Basic and diluted    $     (0.15) $     (0.08) $     (0.25) $     (0.44)                         ===========  ===========  ===========  ===========  Weighted average   number of common   shares outstanding:    Basic and diluted     34,223,906   34,287,093   33,975,658   34,141,098                         ===========  ===========  ===========  ===========Adjusted EBITDA          $    16,809  $    20,332  $    63,304  $    79,789                         ===========  ===========  ===========  ===========                   EXAMWORKS GROUP, INC. AND SUBSIDIARIES                        Consolidated Balance Sheets             (In thousands, except share and per share amounts)                                (Unaudited)                                                        December 31,                                                 --------------------------                     ASSETS                          2011          2012                                                 ------------  ------------Current assets:  Cash and cash equivalents                      $      8,416  $      8,627  Accounts receivable, net                            144,041       144,676  Other receivables                                        40            21  Prepaid expenses                                      4,487         5,336  Deferred tax assets                                   1,640            16  Other current assets                                  1,173         1,213                                                 ------------  ------------    Total current assets                              159,797       159,889Property, equipment and leasehold improvements, net                                                    8,918        10,333Goodwill                                              300,260       370,143Intangible assets, net                                146,168       152,896Long-term accounts receivable, less current portion                                                    -        31,708Deferred tax assets, noncurrent                             -         4,173Deferred financing costs, net                          11,458        10,258Other assets                                              438         1,101                                                 ------------  ------------    Total assets                                 $    627,039  $    740,501                                                 ============  ============      LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:  Accounts payable                               $     42,642  $     46,940  Accrued expenses                                     28,410        35,995  Accrued interest expense                             10,247        10,918  Deferred revenue                                      1,332         3,951  Current portion of subordinated unsecured   notes payable                                        1,932           275  Current portion of contingent earnout   obligation                                              91            91  Current portion of working capital facilities             -         5,983  Other current liabilities                             5,459         5,973                                                 ------------  ------------    Total current liabilities                          90,113       110,126Senior unsecured notes payable                        250,000       250,000Senior secured revolving credit facility and working capital facilities, less current portion                                               44,063       128,402Long-term subordinated unsecured notes payable, less current portion                                     717           300Long-term contingent earnout obligation, less current portion                                           86             -Deferred tax liability, noncurrent                      2,159             -Other long-term liabilities                             1,977         7,525                                                 ------------  ------------    Total liabilities                                 389,115       496,353                                                 ------------  ------------Commitments and contingenciesStockholders' equity:Preferred stock, $0.0001 par value; Authorized 50,000,000 shares; no shares issued and outstanding at December 31, 2011 and 2012, respectively                                               -             -Common stock, $0.0001 par value; Authorized 250,000,000 shares; issued and outstanding 34,090,618 and 34,341,360 at December 31, 2011 and 2012, respectively                                     3             3Additional paid-in capital                            268,162       285,938Accumulated other comprehensive income (loss)          (1,429)        3,183Accumulated deficit                                   (21,549)      (36,488)Treasury stock, at cost: Outstanding 805,613 and 905,349 shares at December 31, 2011 and 2012, respectively                                          (7,263)       (8,488)                                                 ------------  ------------    Total stockholders' equity                        237,924       244,148                                                 ------------  ------------    Total liabilities and stockholders' equity   $    627,039  $    740,501                                                 ============  ============                   EXAMWORKS GROUP, INC. AND SUBSIDIARIES                   Consolidated Statements of Cash Flows                               (In thousands)                                (Unaudited)                                                     For the year ended                                                        December 31,                                                 --------------------------                                                     2011          2012                                                 ------------  ------------Operating activities:  Net loss                                       $     (8,333) $    (14,939)  Adjustments to reconcile net loss to net cash   provided by operating activities:    Gain on interest rate swap                           (328)         (225)    Depreciation and amortization                      47,439        58,551    Amortization of deferred rent                        (450)          (82)    Share-based compensation                            7,834        13,756    Excess tax benefit related to share-based     compensation                                           -        (2,853)    Provision for doubtful accounts                     2,297         2,852    Amortization of deferred financing costs            1,941         2,190    Deferred income taxes                              (6,364)      (21,201)    Loss on early extinguishment of debt                  621             -    Other                                                   -           (31)    Changes in operating assets and liabilities,     net of effects of acquisitions:      Accounts receivable                              (9,047)      (24,666)      Prepaid expenses and other current assets        (1,801)          (64)      Accounts payable and accrued expenses            (1,907)        8,300      Accrued interest expense                         10,240           671      Deferred revenue and customer deposits             (169)        2,425      Other liabilities                                (2,430)           93                                                 ------------  ------------      Net cash provided by operating activities        39,543        24,777                                                 ------------  ------------Investing activities:    Cash paid for acquisitions, net                  (322,248)     (108,970)    Purchases of equipment and leasehold     improvements, net                                 (6,856)       (5,841)    Working capital and other settlements for     acquisitions                                      (6,710)          427                                                 ------------  ------------      Net cash used in investing activities          (335,814)     (114,384)                                                 ------------  ------------Financing activities:    Borrowings under credit facilities                278,000       170,640    Excess tax benefit related to share-based     compensation                                           -         2,853    Proceeds from the exercise of options and     warrants                                           2,292         2,258    Borrowings under senior unsecured notes     payable                                          250,000             -    Purchases of treasury stock                        (9,421)         (387)    Payment of deferred financing costs                (9,746)       (1,074)    Repayment of subordinated unsecured notes     payable                                           (2,421)       (2,193)    Net borrowings (repayments) under working     capital facilities                                35,621        (6,279)    Repayment under credit facilities                (273,000)      (76,000)    Other                                                (440)          (94)                                                 ------------  ------------      Net cash provided by financing activities       270,885        89,724                                                 ------------  ------------Exchange rate impact on cash and cash equivalents                                              178            94Net increase (decrease) in cash and cash equivalents                                          (25,208)          211Cash and cash equivalents, beginning of year           33,624         8,416                                                 ------------  ------------Cash and cash equivalents, end of year           $      8,416  $      8,627                                                 ============  ============                   EXAMWORKS GROUP, INC. AND SUBSIDIARIES                     Reconciliation to Adjusted EBITDA                               (In thousands)                                (Unaudited)                                 For the three months      For the year                                  ended December 31,    ended December 31,                                 --------------------  --------------------                                    2011       2012       2011       2012                                 ---------  ---------  ---------  ---------Reconciliation of Adjusted EBITDA:Net loss                         $  (5,025) $  (2,683) $  (8,333) $ (14,939)  Share-based compensation   expense (1)                       2,449      1,194      7,834     13,756  Depreciation and amortization     14,286     16,306     47,439     58,551  Acquisition-related   transaction costs                   403        385      3,107      1,655  Other non-recurring costs             10        559        878        702  Interest and other expenses,   net                               6,948      7,758     16,461     28,051  Benefit for income taxes          (2,262)    (3,187)    (4,082)    (7,987)                                 ---------  ---------  ---------  ---------Adjusted EBITDA                  $  16,809  $  20,332  $  63,304  $  79,789                                 =========  =========  =========  =========(1) Share-based compensation expense of $755,000 and $3.0 million is    included in costs of revenues for the three and twelve months ended    December 31, 2012 and the remainder is included in SGA expenses. Share-    based compensation expense of $650,000 and $2.0 million is included in    costs of revenues for the three and twelve months ended December 31,    2011 and the remainder is included in SGA expenses.