StorageVault Canada Inc. · TSX:SVI

StorageVault Canada — Investor Presentation (December 2021)

25 slides from StorageVault Canada's investor presentation, December 2021

  1. Slide 1: Self storage has delivered the highest ROI and lowest volatility of any REIT sector

    SELF STORAGE HAS DELIVERED THE HIGHEST ROI AND LOWEST VOLATILITY OF ANY REIT SECTOR FOR OVER 25 YEARS INVESTOR PRESENTATION - DECEMBER 2021

  2. Slide 2: StorageVault Canada Inc. (SVI) - Overview

    STORAGEVAULT CANADA INC. (SVI) - OVERVIEW OVERVIEW  SVI currently owns 194 locations with over 10.5 million sq ft of rentable storage space (95,036 units) on over 625 acres across Canada with over 1 million sq ft of expansion potential within these locations  SVI’s largest shareholder is Access Se

  3. Slide 3: SVI - Investment Highlights

    INVESTMENT HIGHLIGHTS  A growing, cash flowing business, requiring minimal capital expenditures while providing strong FFO SVI – INVESTMENT HIGHLIGHTS  $1.8B in accretive acquisitions closed or announced since April 2015, $485.4M in 2017, $171.9M in 2018, $372.7M in 2019, $231.3M in 2020 and $239.

  4. Slide 4: Industry Overview

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  5. Slide 5: Industry Overview

    INDUSTRY OVERVIEW  Storage is the top performing real estate asset class in the US over the past 10, 15, 20 and 25 year periods(1) INDUSTRY OVERVIEW  Bargaining Power of Suppliers: Very Low – historically almost non-existent  Demand is driven by population growth, change of circumstances and smal

  6. Slide 6: Industry Overview - Top Operators

    Canada CompanyA Ticker Stores INDUSTRY OVERVIEW – TOP OPERATORS StorageVault SVI 228 StorageMart - 71 Public Storage - 67 Apple Storage - 40 Maple Leaf Storage - 15 U.S. CompanyA Ticker Stores Public Storage PSA 2,500 ExtraSpace Storage EXR 1,850 CubeSmart CUBE 1,231 Life Storage (Sovran) SSS 850 Na

  7. Slide 7: Industry Dynamics

    INDUSTRY DYNAMICS INDUSTRY DYNAMICS The superior performance of the storage industry has been a result of the following factors:  Bargaining Power of Buyers: Very Low – small $ purchase, high switching costs  Bargaining Power of Suppliers: Very Low – historically almost non-existent  Intensity of

  8. Slide 8: Why Will This Superior Performance Continue?

    WHY WILL THIS SUPERIOR PERFORMANCE CONTINUE?  Canadian population continues to grow – it is now projected to be 100 million by 2100 INDUSTRY PERFORMANCE  Average condo/apartment size continues to shrink  Canadians continue to acquire more “stuff”  The USA has an average of 8.3 sq ft of storage p

  9. Slide 9: Industry Positive: Consistent Outperformance

    INDUSTRY POSITIVE: CONSISTENT OUTPERFORMANCE SELF STORAGE HAS DELIVERED THE HIGHEST ROI AND LOWEST VOLATILITY OF ANY REIT SECTOR Since 1994, self storage REIT returns have outperformed all other equity REIT sectors while experiencing the least volatility  The industry is expected to continue to gen

  10. Slide 10: Canadian Population Growth 2010 - 2100

    CANADIAN POPULATION GROWTH 2010 - 2100 Canadian Population Projected to Grow to 100M by 2100 Population (Millions) 100.0 Trudeau INDUSTRY PERFORMANCE Projection 100 million 90.0 High Growth 80.0 83 million 70.0 Conservative 60.0 Growth 63 million 50.0 40.0 30.0 2015 2025 2035 2045 2055 2065 2075 208

  11. Slide 11: SVI Overview

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  12. Slide 12: SVI - Asset Overview

    CURRENT PORTFOLIO DETAILS  194 stores owned and 34 managed totalling 228 stores SVI – ASSET OVERVIEW  Over 10.5 million sq ft of rentable storage space  95,036 units  Over 625 acres across Canada  Over 1 million sq ft in expansion potential – 50,000 sq ft completed in 2020 and plans to complete

  13. Slide 13: Our National Footprint

    OUR NATIONAL FOOTPRINT 18 41 43 5 11 12 26 113 228 locations owned and managed OUR BRANDS across Canada and growing! 13

  14. Slide 14: SVI - Asset Overview: Financial Performance

    FINANCIAL PERFORMANCE  SVI has experienced rapid store growth, more than 50X its asset base since 2014  Stores require very little capital expenditure  Annual maintenance capex represents 4% to 5% of revenues with less than 1% being capitalized SVI – ASSET OVERVIEW STORE, NOI AND AFFO GROWTH Numb

  15. Slide 15: Share Price Performance

    SHARE PRICE PERFORMANCE (1) SHARE PRICE PERFORMANCE 08-Nov-21 7.00 Share price 6.75 reaches high of 6.50 $6.69 6.25 6.00 5.75 5.50 5.25 5.00 20-July-20 4.75 31-Dec-19 Closed on $75M 4.50 Announced or bought offering 4.25 Closed on $373M in acquisitions in debenture 19-July-21 4.00 28-June-17 26-July

  16. Slide 16: Capital Structure & Shareholders

    MAJOR SHAREHOLDERS CAPITAL STRUCTURE & SHAREHOLDERS Shareholders Shares % of Basic Access Self Storage Inc. 133,549,577 35.77% 1934255 Ontario Inc. (50% owned by Access Storage) 16,241,673 4.64% BMO Asset Management Inc. 9,960,582 2.67% Mawer Investment Management Ltd. 9,129,909 2.45% CIBC Asset Man

  17. Slide 17: Corporate Governance - Acquisitions

    CORPORATE GOVERNANCE - ACQUISITIONS ACQUISITIONS  SVI purchases assets from related parties, in particular from Access Storage. To govern such potential related party transactions the Corporation has established an Acquisition Committee and developed an Acquisition Committee Mandate  The Acquisiti

  18. Slide 18: Why Storage Is a Smart Place to Invest

    WHY STORAGE IS A SMART PLACE TO INVEST A SMART PLACE TO INVEST  Business is driven by population growth - Canadian population is now projected to grow from 36 million to over 100 million by 2100  Average house and apartment sizes continue to shrink  SVI completed $146.2M in acquisitions in fiscal

  19. Slide 19: Appendices

    APPENDICES

  20. Slide 20: Contacts

    INVESTOR RELATIONS ir@storagevaultcanada.com 1.877.622.0205 CONTACTS STEVEN SCOTT Chief Executive Officer IQBAL KHAN Chief Financial Officer 20

  21. Slide 21: Management and Board of Directors

    MANAGEMENT AND BOARD OF DIRECTORS Jay Lynne Fleming Director & Chair of the Governance, Nominating and President and CEO of CVL Investments Ltd., and the founder and former President and CEO of Storage for Your Life Solutions Inc. which she sold to StorageVault Canada Inc. in September 2015. Through

  22. Slide 22: SWOT Matrix

    Entry Barriers Rivalry Determinants SWOT MATRIX Determinants of Buyer Power Determinants of Supplier Power Determinants of Substitution Threat 22

  23. Slide 23: Forward Looking Statements

    This presentation contains “forward-looking information” within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. Generally, forward-looking information may be identified by the use of

  24. Slide 24: Rights of Action for Damages or Rescission

    The following statutory rights of action for damages or rescission will only apply to a purchaser of securities of StorageVault in the event that this corporate presentation is deemed to be an offering memorandum pursuant to RIGHTS OF ACTION FOR DAMAGES OR RESCISSION applicable securities legislatio

  25. Slide 25: Thank You

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