Ventas, Inc. · NYSE:VTR

Ventas — Q1 2020 Earnings Presentation

13 slides from Ventas's earnings presentation, May 2020

  1. Slide 1: Q1 2020 Results and COVID-19 Business Update

    Q1 2020 Results and COVID-19 Business Update

  2. Slide 2: Table of Contents

    Table of Contents Chairman & CEO Remarks 3 Strong First Quarter Results 4 Transparent & Decisive Action 5 Ventas’s COVID-19 Response 6 COVID-19 Segment Business Updates 7–9 Resolving Holiday Retirement Lease 10 Capital Deployment & Cost Management 11 Balance Sheet & Liquidity 12 Disclosures 13 2

  3. Slide 3: Chairman & CEO Remarks

    Chairman & CEO Remarks “Ventas delivered strong first quarter results, which exceeded our expectations for the enterprise and each of our business segments. At the onset of the COVID-19 pandemic, we took swift and decisive action to ensure the strength and stability of the Company. Our top priority

  4. Slide 4: Strong First Quarter Results

    Strong First Quarter Results Q1 Earnings Metrics Q1 Balance Sheet and Liquidity Q1 Reported Q1 Reported Net Income Attributable to Common Stockholders Per $1.26 Net Debt to Adjusted Pro Forma EBITDA 5.7x Share Normalized FFO Per Share $0.97 Cash and Cash Equivalents (as of 5/6/20) $3.2B Total Revenu

  5. Slide 5: Transparent & Decisive Action to Ensure Strength & Stability

    Transparent & Decisive Action to Ensure Strength & Stability  Supporting Tenants & Operators: Providing COVID-19 testing kits and analysis from Mayo Clinic Laboratories free of charge to certain of its senior living operators to enhance the safety of Ventas’s senior living communities by accelerati

  6. Slide 6: Ventas's COVID-19 Response: Prioritizing Health & Safety for All Stakeholders

    Ventas’s COVID-19 Response: Prioritizing Health & Safety for All Stakeholders; Making a Positive Contribution Health & Safety Business Continuity Other Business Actions Leadership & Advocacy  Ventas’s first priority is the health and  Created business continuity teams  Proactively withdrew previo

  7. Slide 7: SHOP COVID-19 Clinical & Business Update

    SHOP COVID-19 Clinical & Business Update SHOP Communities Affected by COVID-191 SHOP COVID-19 Confirmed Cases Geographically Aligned with U.S.1 405 25% of U.S. Total2 communities have had a COVID-19 VTR % of Confirmed resident test 13% of % of Total communities Cases2 COVID-19 Residents positive hav

  8. Slide 8: Office COVID-19 Business Update

    Office COVID-19 Business Update Office Revenue Composition by Tenant Type1 Latest Office Trends Private Companies Retail 5% 1%  Operational Update – MOB: All of our MOB buildings are open. VTR is partnering with Small 3rd Party MOB tenants and their associated health systems to protect health profe

  9. Slide 9: Triple-Net COVID-19 Business Update

    Triple-Net COVID-19 Business Update Senior Housing NNN Trends Healthcare NNN Trends  Industry Trends: The Senior Housing NNN portfolio is experiencing the same negative  Short Term Acute Care Providers: Industrywide, STAC hospitals have been negatively revenue and cost pressure trends as SHOP with

  10. Slide 10: Holiday Retirement Resolution

    Holiday Retirement Resolution Key Statistics Transaction Summary 3% VTR NOI in Q1 2020  Completed consensual transaction with affiliates of Holiday Retirement (collectively, “Holiday”) with respect to Ventas’s 26 independent living assets previously leased to 26 / 3,184 Assets / Units Holiday under

  11. Slide 11: Capital Deployment & Cost Management

    Capital Deployment & Cost Management 2020 CapEx Spend (Original Guidance & Revised Expectations) Capital Deployment & Cost Management Delta  Preserving & Enhancing Liquidity: The Company expects to lower 2020 CapEx to ($0.3B) $0.5B, a reduction of $0.3B from prior expectations. $0.9B $0.8B  Intent

  12. Slide 12: Balance Sheet & Liquidity

    Balance Sheet & Liquidity  Strong Cash Position: Ventas had approximately $3.2B in cash and cash equivalents on hand as of May 6, 2020 with no commercial paper outstanding  Robust Net Debt to Adjusted Pro Forma EBITDA of 5.7x as of quarter-end: Ventas improved its Net Debt to EBITDA ratio by 40 ba

  13. Slide 13: Forward-Looking Statements & Non-GAAP Financials

    Forward-Looking Statements & Non-GAAP Financials This presentation contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, among ot

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