American Healthcare Reit, Inc. · NYSE:AHR
American Healthcare Reit — Griffin-American Healthcare REIT IV — Shareholder Meeting (June 2020)
18 slides from American Healthcare Reit's shareholder meeting presentation, Jun 9, 2020
Slide 1: 2020 Annual Meeting of Stockholders
AIMIERICA HEALTHCARE REIT 4 Ber ae ae t af i. s/t, me lk by A a i Alla a al - ae = : on Sr alae ia ise nr 2020 Annual Meeting of Stockholders
Slide 2: Agenda
Agenda A. Call the Meeting to Order 1. Introductions and Welcome 2. Instructions on Rules of Conduct and Procedures 3. Proof of Notice of Meeting 4. Proxies; Existence of Quorum B. Proposals 1. Proposal No. 1 — Election of five directors 2. Proposal No. 2 - Ratification of Deloitte & Touche LLP as o
Slide 3: Company Update
Company Update i= GRIFFIN SYAMERICAN Me cserat
Slide 4: Forward Looking Statements
Forward Looking Statements Certain statements made today may be considered “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act, includi
Slide 5: Expertise & Management of Co-Sponsors
Expertise * Management of Co-Sponsors® as oF 3/31/20) APPROXIMATELY $4.2 BILLION” OF HEALTHCARE ASSETS UNDER MANAGEMENT es — @e_ ww —_ — ps COMBINED TRANSACTIONS $47 BILLION” COMMERCIAL REAL ESTATE el | SINCE 1990 i= GRIFFIN AMERICAN MANAGEMENT TEAM 2006 ESTABLISHED fe) ACQUIRED AND DISPOSED OF MORE
Slide 6: Portfolio Map: GAHR IV
Portfolio Map: GAHR IV as F3/31/20) TOTAL INVESTMENTS: $1.1 BILLION “) STATES: 28 °°) # OF BUILDINGS: 94 0 Note: “Senior Housing” includes senior ° housing facilities leased to third party 2. operators, as well as senior housing facilities operated utilizing the structure . permitted by the REIT Inv
Slide 7: Portfolio Construction — Historic Overview
Portfolio Construction — Historic Overview GARR IV Portfolio (as of 3/31/20) Total Investments 2) $1.1 billion (1) With the exception of the ‘Total Investments’ balance, GAHR IV portfolio data as of 3/31/20 4.9 million excludes an interest in a joint venture which owns a Gross leasable area (Sq Ft)
Slide 8: Lease Expiration Schedule
Lease Expiration Schedule és ors/s1/20) Focus on Managing Risk through Long Weighted-Average Remaining Lease Terms 50% 40% 30% 20% 10% 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030+ 0% Note: Based upon total gross leasable area scheduled to expire, excluding senior housing — RIDEA facilitie
Slide 9: Portfolio Composition
Portfolio COMPOSITION (as oF 3/31/20) Diversified Across Clinical Asset Classes with Higher Concentration of Investments in Medical Office Buildings PORTFOLIO BREAKDOWN BY ASSET TYPE MOB 55.5% Senior Housing “) 33.7% 10.8% ACQUISITION SOURCING?) Seller Direct 6.7% Listed 54.1% Unlisted 39.2% Note: A
Slide 10: Impact of COVID-19 on GAHR IV Portfolio — Overview
Impact of COVID-19 on GAHR IV Portfolio — Overview AMERICAN COVID-19 has had a National Impact Affecting All Clinical Asset Types — _ All but five states in the U.S. implemented stay-at-home orders impacting operations at our assets across the country.) — Over 90% of the U.S. population was subject
Slide 11: Impact of COVID-19 on GAHR IV Portfolio (Cont'd.)
Impact of COVID-19 on GAHR IV Portfolio (Cont'd.) Medical Office Segment Facing Pressure from Temporary Declines in Tenant Operations & Revenue - Senior Housing and Skilled Nursing Facing Significant Headwinds Due to Occupancy and Expense Pressures Medical Office Portfolio * Over 50% of our medical
Slide 12: Impact of COVID-19 on GAHR IV Portfolio (Cont'd.)
Impact of COVID-19 on GAHR IV Portfolio (Cont'd.) Senior Housing Portfolio Senior Housing and SNF O * Government stay-at-home orders have essentially shut down new 92.0% leasing activity, which has put meaningful pressure on occupancy & Se revenue 88.0% * Over the past 90 days, our senior housing oc
Slide 13: Impact of COVID-19 on GAHR IV Portfolio (Cont'd.)
Impact of COVID-19 on GAHR IV Portfolio (Cont’d.) Mid-Term Uncertainty & Ongoing Risks Related to COVID-19* * When and to what degree will COVID-19 be “controlled”? * How will early-state re-openings go? Current data seems to be promising but it is still very early — if there’s a turn for the worse,
Slide 14: Impact of COVID-19 on GAHR IV Portfolio (Cont'd.)
Impact of COVID-19 on GAHR IV Portfolio (Cont'd.) Corporate Actions Taken to Strengthen Our Balance Sheet & Preserve Liquidity in Response to Risks * In March 2020, eliminated or postponed non-essential capital expenditures within GAHR IV - occupancy/revenue focused * In March 2020, reduced the dist
Slide 15: Insider Stock Investments — GAHR IV
Insider Stock Investments — GAHR IV 6s or3/31/20 More than $4.9 Million Invested Common Stock Issued 200,000 160,000 120,000 80,000 - oo 0 LJ Jeff Hanson Danny Prosky Mathieu Streiff Kevin Shields AHI & Griffin Capital Company Employees *Each insider's investments represent less than 1.0 percent of
Slide 16: Outlook for Healthcare Real Estate
Outlook for Healthcare Real Estate Healthcare Real Estate is Expected to Outperform Once Virus Subsides Due to a variety of factors and the relative inelasticity of demand for the asset class, healthcare REITs typically trade at higher premiums to net asset value, or NAV, compared to the other comme
Slide 17: Appendix and Q&A
Appendix and Q&A i= GRIFFIN AMERICAN
Slide 18: Appendix: Impact on Public Healthcare REITs
Appendix: Impact on Public Healthcare REITs Publicly Traded Healthcare REITs Face Similar Challenges as Reflected in Large and Widespread Share Price Declines Several Factors are Contributing to the Declines + Earnings are proving to be difficult to assess without a known end to stay-at-home orders
Griffin-American Healthcare REIT IV — Shareholder Meeting (June 2020) on 6ix