Sonida Senior Living, Inc. · NYSE:SNDA
Sonida Senior Living — Capital Senior Living — Q4 2019 Earnings Presentation
15 slides from Sonida Senior Living's earnings presentation, Mar 31, 2020
Slide 1: Capital Senior Living: A Leading Owner-Operator of Senior Living Communities and Services
Capital Senior Living A leading Owner-Operator of Senior Living Communities and Services Exhibit 99.2
Slide 2: Forward-Looking Statements & Non-GAAP Financial Measures
Forward-Looking Statements & Non-GAAP Financial Measures Forward Looking Statements: The forward-looking statements in this presentation are subject to certain risks and uncertainties that could cause results and financial condition to differ materially from those indicated in the forward-looking st
Slide 3: Operational & Financial Highlights
Operational & Financial Highlights Q4 2019 Revenue stabilized in Q4 2019 at $108.7M, consistent with Q3 2019 for like communities Rate growth of 0.4% in Q4 compared to prior year. In-place rents increased ~3% year over year. Retention of Executive Directors in 94% of communities since October 2019.
Slide 4: Capital Senior Living at a Glance
Capital Senior Living at a Glance Dallas-based Capital Senior Living is one of the nation’s largest operators of independent living, assisted living and memory care communities for senior adults. Capital Senior Living provides seniors the freedom and opportunity to successfully, comfortably and happ
Slide 5: Building on Solid Foundation
Building on Solid Foundation STABILIZE INVEST NURTURE GROW Execution Excellence Resident-Centric Experience Commercial Excellence Market Opportunities Quality Systems & Analytics Operational Leadership Talent and Retention Scale Operating Standards Community upgrades and conversions to AL & MC Innov
Slide 6: 2019: Strengthened Operational Foundation
2019: Strengthened Operational Foundation Quality All assets “Rent ready” Rates stabilized, minimal discounting Care assessments & fees standardized Resident acuity guidelines confirmed Staffing models established Peer Review program implemented Systems & Analytics Transition to portfolio-wide opera
Slide 7: Strong Operator of Trusted Senior Living Communities
Strong Operator of Trusted Senior Living Communities Revenue Dollars In Millions Total # of Communities Operated NOI Dollars In Millions Historical Revenue and NOI growth largely through acquisition. In 2014, the company began converting assets from independent living to assisted living / memory car
Slide 8: Senior Housing Operators: Economies of Scale in a Highly-Fragmented Market
Senior Housing Operators (by Units) Economies of Scale in a Highly-Fragmented Market Capital Senior Living is one of the few operators able to Institute broad best practices Implement portfolio-wide differentiated programing Utilize scale to achieve cost saving efficiencies Leverage marketing effort
Slide 9: Market Forces: Aligning Strategy with Key Needs
Market Forces: Aligning Strategy with Key Needs Rise in dementia and other conditions requiring constant care & monitoring Changing Availability and proximity of family caregivers Local market senior housing demand and supply Regulatory and legislative climate with increased focus on senior well-bei
Slide 10: Real Estate Ownership a Key Differentiator
124 Total Properties 77 Total Properties Current properties reflect ownership after March 31st, 2020 divestiture of Towne Centre. Ownership Evolution Real Estate Ownership Provides Flexibility and Opportunities Value derived from owned real estate while capturing full benefit from operations Stronge
Slide 11: Balance Sheet as of December 31, 2019
Balance Sheet as of December 31, 2019 Assets ($ in millions) Cash and Securities $ 31.7 Other Current Assets 31.5 Total Current Assets 63.2 Fixed Assets 969.2 Other Assets 235.3 Total Assets $ 1,267.7 Liabilities & Equity ($ in millions) Current Liabilities $ 129.0 Long-Term Debt 905.6 Other Liabili
Slide 12: Debt Maturities
$ in thousands Debt Maturities Average duration of debt is 5.7 years Approximately 83% of all debt matures in 2024 and after.
Slide 13: All NNN Leases Terminate On or Before 12/31/2020
All NNN Leases Terminate On or Before 12/31/2020 124 Total Properties CSU Portfolio Current properties reflect ownership after March 31st, 2020 divestiture of Towne Centre. Master lease terminates on 12/31/20 Rent reduced to 75% of contractual rate effective 2/1/20 Ventas to reimburse Company for up
Slide 14: Strong and Experienced Leadership
Strong and Experienced Leadership Kim Lody Carey Hendrickson Brandon Ribar Mike Fryar David Brickman Jeremy Falke Chief Executive Officer, President and Director Executive VP Chief Financial Officer Executive VP Chief Operating Officer Senior VP Chief Revenue Officer Senior VP General Counsel Senior
Slide 15: Investment Rationale
Investment Rationale Sizeable, fragmented markets with unmet needs Owner-operator model provides financial and operational advantages Top talent and emerging culture of learning, collaborating, and winning 30-years of experience caring for seniors Significant opportunity for near-term operational im
Capital Senior Living — Q4 2019 Earnings Presentation on 6ix