Sienna Senior Living Inc. · TSX:SIA
Sienna Senior Living — Q2 2026 Earnings Presentation
24 slides from Sienna Senior Living's earnings presentation, August 2026
Slide 1: Investor Presentation Q2 2026
Investor Presentation Streetsville Care Community Redevelopment Rendering Greater Toronto Area Q2 2026 Sienna Senior Living Inc. (SIA: TSX)
Slide 2: Cautionary Note
Cautionary Note Forward-Looking Information Certain information in this presentation may contain forward-looking information. Actual results could differ materially from conclusions, forecasts or projections in the forward-looking information, and certain material factors or assumptions were applied
Slide 3: Sienna at-a-glance
Sienna at-a-glance Sienna (TSX: SIA) is one of Canada's leading owners and operators of seniors' residences with high quality assets in Ontario, Saskatchewan, Alberta and British Columbia. Owned and Managed Property Portfolio $3.6B Adjusted Gross 48 Retirement Residences (RET) Book Value (5,838 Suit
Slide 4: Investment Highlights
Investment Highlights 1 Leading diversified 4 Strong ~$2.9B* Canadian senior living Track Record Acquisitions & provider of Growth Developments since 2010 2 Needs-driven business 5 Attractive ~4% resulting from significant Dividend Dividend Yield demographic shift Significant growth potential Strong
Slide 5: Canadian Senior Living Landscape
Canadian Senior Living Landscape 1 Government Funded vs. Private Pay 2 Highly Regulated Sector Government-Funded Long-Term Care (LTC) LTC is highly regulated by the provincial Care is fully funded by the provincial governments, with governments residents responsible for co-payments for accommodation
Slide 6: Compelling Canadian Senior Living Fundamentals
Compelling Canadian Senior Living Fundamentals Increasing demand amid constrained supply of retirement residences 85+ Age Group in Canada to Construction Starts as % of Inventory to increase 2.5x between 2026 - 2046 2.5x 6.0% <1% 5.0% Canadian 2.5M 4.0% senior housing construction 2.1M 3.0% starts 1
Slide 7: Compelling Canadian Senior Living Fundamentals
Compelling Canadian Senior Living Fundamentals Growing waitlists in long-term care Rising Number of Hallway Patients in 50,000+ Ontario Hospitals Waitlist for long-term care bed 1600 Hallway Patients (Daily Average) in Ontario 1440 Source: Ontario Long-Term Care Association 1280 1120 960 ~7,200 800
Slide 8: Sienna's High Quality Retirement Portfolio
Sienna’s High Quality Retirement Portfolio www.aspiralife.ca Aspira Hazeldean Gardens, Ottawa, Ontario Aspira Kensington Place, Toronto, Ontario 57 Aspira Hygate Waterloo, Ontario Retirement Residences* Located in Ontario, British Columbia & Saskatchewan Aspira Pacifica, Metro Vancouver, British Col
Slide 9: Retirement Occupancy and Margin Growth
Retirement Occupancy and Margin Growth Retirement Same Property (SP) Occupancy 94.1% 95.0 93.9 95.2 95.2 95.1 95.1 95.2 95.2 94.7 94.2 94.0 94.2 94.2 94.5 Q2 2026 93.2 93.3 92.8 93.2 90.9 91.0 91.5 92.2 92.5 92.9 92.5 92.3 92.4 Occupancy 90.4 90.3 90.0 in SP Retirement Segment Percent 85.0 80.0 200
Slide 10: Sienna's Long-Term Care Portfolio at Full Occupancy
Sienna’s Long-Term Care Portfolio at Full Occupancy ▪ Fully occupied homes with long wait lists ▪ Increased revenues from private accommodations ▪ Reduced agency staffing costs ▪ Government funding increases to offset inflation 50 Long-Term Care Communities* Located in Ontario, Alberta & British Col
Slide 11: 2026 Growth Targets
2026 Growth Targets Performance Indicator 2026 Growth Targets + Retirement SP NOI Increase 10%+ + Retirement SP Occupancy 95%+ + Retirement SP Margin Increase 100 – 150 bps + LTC SP NOI Increase Mid- to High-Single-Digit % Sienna Senior Living 11
Slide 12: Track Record of Growth
Track Record of Growth LaSalle Park Burlington, Ontario
Slide 13: Track Record of Growth since IPO
Track Record of Growth since IPO 2010-2014 2015-2016 2017-2018 2022-2023 2025-2026 $482M $320M $612M $487M* ~$1.0B acquisitions acquisitions acquisitions acquisitions & acquisitions & developments developments 9 LTC (1,395 beds) 7 LTC (1,017 Beds) 14 RET (1,790 suites) 14 RET (1,439 suites) 4 Contin
Slide 14: Acquisition Momentum Continues in 2026
Acquisition Momentum Continues in 2026 Glenmore Lodge LaSalle Park Kelowna, British Columbia Greater Toronto Area, Ontario (22.8% interest acquired in 2026) (10.9% interest acquired in 2026) ~$188M Acquisitions Ballycliffe Greater Toronto Area, Ontario (Closed & Under Contract in 2026) (Under Contra
Slide 15: Accelerating Long-Term Care Redevelopments in GTA
Accelerating Long-Term Care Redevelopments in GTA ~$375M Redevelopments with expected construction start in early 2027 Strategic Partnership ~$250M Development with Fiera Infrastructure of 448-bed LTC Community in Toronto Sienna & Fiera Infrastructure will each hold a 50% ownership interest in selec
Slide 16: Operating & Financial Results
Operating & Aspira Hygate Northern Heights Community Waterloo, Ontario North Bay, Ontario Financial Results
Slide 17: Q2 Financial Results
Q2 Financial Results Quarter ended June 30 2026 2025 Change $Million, except occupancy and per share data Revenue (Proportionate Basis) 288.2 253.6 + 13.6% Same Property (SP) NOI 57.6 48.3 + 19.4% Double-digit Growth Retirement operations Retirement SP NOI 24.3 21.1 + 15.2% benefitting from improved
Slide 18: Strong Financial Position and Access to Capital
Strong Financial Position and Access to Capital 34.6% 3.9% Debt Profile Net Debt to Adjusted Weighted Average As at June 30, 2026 Gross Book Value Cost of Debt June 30, 2026 June 30, 2026 Construction Financing 500 2.8% $419 400 Debt Maturities ($MMs) CMHC Unsecured $319 Insured Debentures 300 $293
Slide 19: Strong Financial Position
Strong Financial Position Net Debt / Adjusted Gross Book Value 0.6 49.6% 48.4% 0.5 46.6% 45.0% 43.8% 43.4% 42.2% 43.5% 40.6% 0.4 36.2% 34.6% BBB 0.3 0.2 $1.6B 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Q2 2026 with Stable trends Unencumbered Morningstar DBRS Assets Net Debt / Adjusted EBITDA*
Slide 20: Capital Markets Initiatives
Capital Markets Initiatives $125,000,000 $250,000,000 $248,200,000 Shares Unsecured Debentures Shares $19.73/share 3.524% p.a. $22.46/share (ATM Program) 3-Year Term (ATM Program) September – December 2025 December 2025 February – June 2026 Strong investor demand for Sienna’s equity & debt Sienna Se
Slide 21: Building a Talent Pipeline for the Future
Building a Talent Pipeline for the Future Team Member Recognition & Awards Growing Team Member Sienna Ownership & Recognition Engagement 8.0 Rewards Program 7.9 Programs 7.5 7.3 Awarding company Providing team Allowing team Engagement Score 7.1 shares to permanent Team Member members and leaders a m
Slide 22: Living our Purpose, Vision & Values
Living our Purpose, Vision & Values Our Purpose Cultivating Happiness in Daily Life OurVision Canada’s Most Trusted and Most Loved Seniors’ Living Provider OurValues Act Positively Be Accountable Create Community Demonstrate Caring Sienna Senior Living 22
Slide 23: Strong Governance & Experienced Leadership Team
Strong Governance & Experienced Leadership Team Board of Directors Senior Executive Team Nitin Jain Olga Giovanniello Shelly Jamieson – Chair Director, President & Chief Chief Human Resources Executive Officer Officer, EVP Barbara Bellissimo David Hung Adam Walsh Chief Financial Officer & General Co
Slide 24: Contact Information
Contact Information Sienna Senior Living Inc. siennaliving.ca t: (905) 489-0258 e: investors@siennaliving.ca