Invesque Inc · TSX:IVQ

Invesque — Merger or Acquisition (November 2017)

14 slides from Invesque's merger presentation, November 2017

  1. Slide 1: Transformational Transaction: Acquisition of Care Investment Trust

    Transformational Transaction: Acquisition of Care Investment Trust November 2017

  2. Slide 2: Forward Looking Statements

    Forward Looking Statements This presentation may contain forward-looking statements (within the meaning of applicable securities laws) relating to the business of the Company and the environment in which it operates. Forward-looking statements are identified by words such as "believe", "anticipate",

  3. Slide 3: Transaction Highlights

    Transaction Highlights Mainstreet Health Investments (“HLP”) Announces Transformative US$425 Million Acquisition of Care Investment Trust Which Owns a Portfolio of 42 High Quality Seniors Housing and Care Properties Across the United States 1 Attractive and strategic portfolio acquisition 2 Enhances

  4. Slide 4: CareIT: Strategic Portfolio Acquisition

    CareIT: Strategic Portfolio Acquisition…  42 properties comprising 3,718 suites / beds located in 11 states – 35 independent living, assisted living and memory care properties – 7 skilled nursing properties  80% private pay  Properties well-located and well-diversified in strong and growing marke

  5. Slide 5: In Complementary and Attractive Markets

    …In Complementary and Attractive Markets 80 Properties / 8,536 suites & beds / ~US$1.2 billion of Investment Properties ONTARIO 4 NEW YORK 2 4 PENNSYLVANIA 7 8 2 NEW JERSEY 3 MARYLAND ILLINOIS 12 2 INDIANA 6 VIRGINIA CALIFORNA 2 KANSAS 3 2 TENNESSEE ARIZONA 1 4 SOUTH CAROLINA ARKANSAS 1 GEORGIA 10 M

  6. Slide 6: CareIT Portfolio Tenant Operators

    CareIT Portfolio Tenant Operators PRINCIPAL TOTAL NUMBER OF OPERATOR GEOGRAPHIC OPERATOR OFFICE PROPERTIES MANAGED FOOTPRINT Calamar Wheatfield, NY 19 7 States Greenfield Falls Church, VA 18 6 States Heritage Blue Bell, PA 13 3 States Inspirit Fairfax, VA 4 3 States Phoenix Roswell, GA 7 3 States Pr

  7. Slide 7: Enhanced Scale and Investment Platform

    Enhanced Scale and Investment Platform Current Pro Forma Asset Value US$730mm US$1.2bn 1.6x Number of Provinces / States 10 18 1.8x Property Count 38 80 2.1x Suites / Beds(1) 4,818 8,536 1.8x Operator Partnerships 8 16 2.0x 1. On a consolidated basis. Pro forma asset value of approximately US$1.2 bi

  8. Slide 8: Increases Exposure to Private Pay and Significantly Improves Diversification

    Increases Exposure to Private Pay and Significantly Improves Diversification Current Pro Forma IL MC 4% 4% MC IL 8% 9% AL Asset Type 23% SNF / TCC SNF / 48% TCC AL 69% 35% Other Saber Other 16% Symphony 6% 27% 32% Operator Autumnwood Symphony Autumnwood 9% 5% 56% Ensign Ensign 12% Greenfield 7% Heri

  9. Slide 9: Attractive Acquisition Metrics

    Attractive Acquisition Metrics Purchase  US$425 million Price Purchase  ~7.7% based on 2018E Net Operating Income Metrics  ~16.8 million Mainstreet common shares issued at US$9.75 per share Consideration  Assumption of US$261.2 million of existing mortgages at a weighted average interest rate of

  10. Slide 10: Governance and Investor Rights

    Governance and Investor Rights  Mainstreet will expand its board of directors by one Tiptree nominee  Tiptree will also nominate one board observer, who will not have voting rights  2-year standstill  Tiptree will not vote against management’s proposed Directors and auditors for 2 years, subject

  11. Slide 11: Next Steps

    Next Steps  Mainstreet will seek shareholder approval by way of written consent of selected shareholders holding more than 50% of the issued and outstanding common shares – Certain shareholders who together own approximately 44% of Mainstreet’s common shares have entered into voting support agreeme

  12. Slide 12: Introducing Invesque.com

    Introducing — URL Invesque.com Mainstreet Health Investments 11

  13. Slide 13: Tiptree Overview

    Tiptree Overview  Tiptree is a diversified holding company founded in 2007 Total Assets and publicly listed in 2013 with a long-term value creation investment philosophy focused on scalable, sustainable ~US$2.4bn and growing businesses and investments Total Capital  Partners with experienced, moti

  14. Slide 14: Disclaimer

    Disclaimer This presentation does not purport to be comprehensive or to contain all the information that a recipient may need in to evaluate the proposed Transaction or an investment in securities of the Company. No representation or warranty, express or implied, is given and no responsibility or li

Invesque — Merger or Acquisition (November 2017) on 6ix