Getty Realty Corporation · NYSE:GTY
Getty Realty — Bank of America Merrill Lynch Global Real Estate Conference 2013
15 slides from Getty Realty's conference presentation, Sep 11, 2013
Slide 1: Getty Realty Corp. Presentation
Exhibit 99.1 GETTY REALTY CORP. PRESENTATION Bank of America Merrill Lynch Global Real Estate Conference September 2013
Slide 2: Forward Looking Statements
Forward Looking Statements Certain statements in this Presentation constitute “forward-lookingstatements” within the meaning of the federal securities laws. Forward-looking statements are statements that relate to management’s expectations or beliefs, future plans and strategies, future financial pe
Slide 3: Investment Highlights
Investment Highlights National portfolio with focus on growing and densely populated, 1 high barrier to entry markets 2 Stable cash flows supported by long-term, triple-net leases 3 At a positive inflection point in the Company’s evolution Upside opportunities created through rationalization of 4 tr
Slide 4: Leading National Portfolio with Future Upside
Leading National Portfolio with Future Upside Current Portfolio 751 Core Properties Future Upside 1,026 retail motor fuel/convenience 20 tenants (662 properties) under long- 275 transitional properties store properties, including five term, triple-net leases Successful releasing program focused term
Slide 5: Significant Presence in Markets with "High Barriers to Entry"
Significant Presence in Markets with “High Barriers to Entry” High replacement costs Limited Availability Limited new development of Suitable Land Unique assets with ability to satisfy increased demand for non-gasuses Mature neighborhoods High daily traffic counts Prime Locations in Optimal corners
Slide 6: Sustainable Cash Flows Supported by Long-Term Leases
Sustainable Cash Flows Supported by Long-Term Leases Highlights High Quality Tenant Base Diversified tenant base Prominent national and regional suppliers 2012 repositioning added 10 new high quality tenants Compelling unit level economics Rent coverage – 1.75x to 2.25x Majority of triple-net leases
Slide 7: Incremental Upside in Transitional Properties
Incremental Upside in Transitional Properties 84 Restructuring of original unitary lease entered into in May 2012 NECG ~30 locations are entangled in an ongoing eviction action in CT Superior Appeals Court Lease Successfully amended lease in August 2013, including an agreement to remove select prope
Slide 8: Poised to Consolidate Fragmented Industry
Poised to Consolidate Fragmented Industry Broad Market Opportunity The Getty Competitive Advantage More than 150,000 properties in the sector (1) Proven ability to source off-market Portfolio dispositions – distributors,MLP’s, families transactions not seen by others Consolidating sector – approxima
Slide 9: Accretive Acquisition of 36 Properties
Accretive Acquisition of 36 Properties Transaction Highlights $72.5 million acquisition of 36 properties in May 2013 Financed with debt and proceeds from the Company’s dispositions program (1031 exchanges) Tenants are subsidiaries of Capitol Petroleum Group, LLC, a long-term tenant with which the Co
Slide 10: At Positive Inflection Point In Company's Evolution
At Positive Inflection Point In Company’s Evolution Purchased 36 properties from Capitol Petroleum Group in May 2013 First portfolio acquisition since 2011 Refocusing efforts on accretive growth opportunities Settled Lukoil litigation in July 2013 Realized approximately $32 million of initial procee
Slide 11: Flexible Balance Sheet with Low Leverage
Flexible Balance Sheet with Low Leverage Debt Refinancing in February 2013 (1) Debt Maturity Schedule (1) $175 million senior secured credit facility Matures in 2015 (plus one year option) L+ 250-300 bps No amortization requirements $121 $100 $100 million secured debt private placement Matures in 20
Slide 12: Investment Highlights
Investment Highlights National portfolio with focus on growing and densely populated, 1 high barrier to entry markets 2 Stable cash flows supported by long-term, triple-net leases 3 At a positive inflection point in the Company’s evolution Upside opportunities created through rationalization of 4 tr
Slide 13: Appendix
(Getty Realty | BE iy Hse Relea yY Co Bee
Slide 14: Senior Management
Senior Management Name / Title Years at Getty Biography President and Chief Executive Officer since 2010 David Driscoll Director of Getty since May 2007 and Lead Independent Director from April 2008 until February Chief Executive Officer, 6 2010 President, Director Previously a Managing Director of
Slide 15: Board of Directors
Board of Directors Name / Title Years at Getty Biography Chairman of the Board since May 1971 and Chief Executive Officer from 1985 - 2010 Leo Liebowitz 58 Served as President from May 1971 until May 2004 Chairman Co-founded the predecessor business in 1955 Milton Cooper Executive Chairman of Kimco
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