Sonida Senior Living, Inc. · NYSE:SNDA
Sonida Senior Living — Investor Presentation (October 2024)
21 slides from Sonida Senior Living's investor presentation, Oct 7, 2024
Slide 1: A Leading Owner, Operator & Investor of Senior Housing Communities
Exhibit 99.2 A Leading Owner, Operator & Investor of Senior Housing Communities SNDA│ NYSE Listed Investor Presentation October 2024
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains forward-looking statements which are subject to certain risks and uncertainties that could cause our actual results and financial condition of Sonida Senior Living, Inc. (the “Company,” “we,” “our” or “us”) to differ materially from those indicat
Slide 3: Non-GAAP Financial Measures
Non-GAAP Financial Measures This presentation contains contains the financial measures (1) Community Net Operating Income or NOI, (2) Community Net Operating Income Margin, (3) Revenue per Occupied Unit (RevPOR) and (4) Same-Store amounts for these metrics, all of which are not calculated in accorda
Slide 4: Introduction to Today's Speakers
Introduction to Today’s Speakers Brandon Ribar Kevin Detz Max Levy President & CEO Chief Financial Officer Chief Investment Officer Joined Sonida Senior Living in 2019 Joined Sonida Senior Living in 2022 Joined Sonida Senior Living in 2024 (Board Director from 2021 to 2024) § >20 years of experience
Slide 5: About Sonida
w sOnIDa’ SENIOR LIVING About Sonida
Slide 6: Pure-play Senior Living Owner, Operator & Investor
Pure-play Senior Living Owner, Operator & Investor § Owner, operator and investor in 100% 91 8,817 100% independent living, assisted living and memory care communities in the U.S. Senior Housing Units Owned or Managed Communities (1) (1) (78 Owned/13 Managed) Across 20 States No Lease Exposure Expos
Slide 7: Recent Strategic Initiatives Have Positioned Sonida for Operational Outperformance and Accelerated Growth
Recent Strategic Initiatives Have Positioned Sonida for Operational Outperformance and Accelerated Growth After a Series of Key Actions Since 2020, Sonida is Primed to Play Offense, Driving its Next Phase of Growth ü Senior § Brandon Ribar promoted from COO to CEO in 2022, Kevin Detz hired as CFO in
Slide 8: Q2'24 Earnings and Other Recent Highlights
Q2’24 Earnings and Other Recent Highlights Organic Operational and Financial Improvements, Coupled with ~$30MM of Equity Deployed for Pending Property Acquisitions § Same-Store Weighted Average Occupancy: 86.2% / 230 bps increase vs. Q2’23 (2)(3) § Same-Store RevPOR: $4,263 / 8.4% increase vs. Q2’23
Slide 9: Investment Highlights
w sOnIDa’ SENIOR LIVING Investment Highlights
Slide 10: Investment Highlights
Investment Highlights Senior Housing Sector Supported by Favorable Industry Tailwinds 1 Differentiated Owner / Operator / Investor Platform 2 Attractive Organic Growth Characteristics Across Regionally- 3 Focused Portfolio Positioned to Leverage Platform to Pursue Compelling 4 External Growth Opport
Slide 11: Senior Housing Sector Supported by Favorable Industry Tailwinds
Senior Housing Sector Supported by Favorable Industry Tailwinds 1 Strong Sector Tailwinds Supported by Favorable Supply / Demand Dynamics Senior Housing Demand Current Supply Trend Unlikely to Meet Senior Housing Demand 80+ Demographic Growth Rates – Census Bureau Projections ’24-’30 Occupied Senior
Slide 12: Differentiated Owner / Operator / Investor Model
Differentiated Owner / Operator / Investor Model 2 Fully Integrated Platform Uniquely Positioned to Capitalize on External Growth Opportunity; Integrated Platform Also Allows for Outsized Synergies With Increased Scale Owner ü Full control of strategic capital investment to drive growth and returns
Slide 13: Differentiated Owner / Operator / Investor Model (Cont'd)
Differentiated Owner / Operator / Investor Model (Cont’d) 2 On-the-Ground Local Leadership Working Together in Geographic Concentrations Fosters Continuous Feedback Loop with Corporate ü Strong local leadership teamsü Provide on-site guiding and coaching ü Empowered to make real-time decisions ü Ens
Slide 14: Select Operational Turnaround Case Studies
Select Operational Turnaround Case Studies 2 Excellent Track Record in Turning Around Underperforming Assets to Drive Improvement in Key Metrics The Waterford at Mansfield The Wellington at North Bend Crossing ü Identified market need for Memory Care unitsü Invested ~$700K to improve all common area
Slide 15: Attractive Organic Growth Characteristics Across Regionally-Focused Portfolio
3 Attractive Organic Growth Characteristics Across Regionally-Focused Portfolio Favorable Demographic Exposure has Translated to Best-in-Class Operational Results (1)(2) (2) % Senior Housing Exposure Senior Housing Occupancy (1) Based on Latest Available Quarter Results Based on % of Latest Availabl
Slide 16: Positioned to Leverage Platform to Pursue Compelling External Growth Opportunity
4 Positioned to Leverage Platform to Pursue Compelling External Growth Opportunity Sonida is A Differentiated Acquiror Amidst Market Dislocation, Having Acquired 19 Communities (Owned, JV and Managed) and >1,500 Units Since Q1’22 Opportune Time to Consolidate a Dislocated Market Sonida is A Differen
Slide 17: Differentiated Acquiror In Action – Acquisitions Case Studies
Differentiated Acquiror In Action – Acquisitions Case Studies 4 Extensive Experience in Acquisition Sourcing and Operational Value-Add Gives Sonida a Compelling Advantage in Sector Consolidation Operational Outperformance Post Acquisitions Acquisition Sourcing The Oaks at Plainfield / The Oaks at Br
Slide 18: Seasoned Management Team and Board with Experience Scaling Operating Businesses
5 Seasoned Management Team and Board with Experience Scaling Operating Businesses Full Management Team Has >200 Years of Combined Experience Supported by Highly-Experienced Board of Directors Across Healthcare, Finance, and Real Estate Brandon Ribar, President, CEO, and Director David Johnson, Chair
Slide 19: Palm Portfolio Acquisition
w sOnIDa’ SENIOR LIVING Palm Portfolio Acquisition
Slide 20: Senior Housing Portfolio Acquisition ("Palm") Overview
Senior Housing Portfolio Acquisition (“Palm”) Overview Acquired a ~$103MM High-Quality Senior Housing Portfolio Located in Florida and South Carolina Palm Portfolio Overview Portfolio Geographical Overview & Key Metrics Florence, SC 8 / 555 Charleston, SC Bluffton, SC Properties / Units Benton House
Slide 21: Palm Portfolio – Acquisition Highlights
Palm Portfolio – Acquisition Highlights Acquired a ~$103MM High-Quality Senior Housing Portfolio Located in Florida and South Carolina High-Quality § Average portfolio age of ~5.2 years is highly attractive vs. competing inventory; average age of comparable Portfolio in inventory within a 10-mile ra
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