Sonida Senior Living, Inc. · NYSE:SNDA
Sonida Senior Living — Capital Senior Living — Q3 2021 Earnings Presentation
16 slides from Sonida Senior Living's earnings presentation, Nov 10, 2021
Slide 1: A Leading Owner-Operator of Senior Living Communities and Services
ry A Leading Owner-Operator of Senior Living Capital Communities and Services Investor Presentation
Slide 2: Forward-Looking Statements
A AS Forward-Looking Statements Capital Forward Looking Statements: The forward-looking statements in this presentation are subject to certain risks and uncertainties that could cause the Company's actual results and financial condition to differ materially, including, but not limited to, the contin
Slide 3: Non-GAAP Financial Measures
A A Non-GAAP Financial Measures Capital Non-GAAP Financial Measures: This presentation contains the financial measures (1) Continuing Community Net Operating Income and (2) Continuing Community Net Operating Income Margin which are not calculated in accordance with U.S. generally accepted accounting
Slide 4: Communities Owned and Managed at a Glance
68 Communities 60 Owned 8 Managed 6,000+ Residents Served 3,200+ Employees 78.2% YTD 2021 Avg Occupancy1 60 owned communities 30+ Year History 15+ Communities 5 - 14 Communities < 5 Communities 6,881 Units 18 States OwnedManaged
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Slide 6: Q3 2021 Highlights
A A Q3 2021 Highlights Capital Strategic investment transaction represents culmination of Capital Senior Living’s multi-year strategy to reposition towards stable, sustainable growth and allows shareholders to benefit from the ongoing senior housing recovery w Closed Strategic Investment Transaction
Slide 7: Sonida Senior Living
SONIDa SENIOR LIVING At Sonida Senior Living, we bring quality senior living to life by focusing on what matters most. We provide comfortable, safe, affordable communities where residents can form friendships, enjoy new experiences and receive personalized care from dedicated team members who treat
Slide 8: Q3 2021 Key Operating Metrics
• • • • • 3Q21 2Q21 3Q20 YTD 2021 YTD 2020 Average Occupancy 81.0% 78.1% 79.3% 78.2% 81.5% RevPOR $ 3,578 $ 3,518 $ 3,582 $ 3,544 $ 3,587 Revenue (1) $ 49.0 $ 46.4 $ 48.0 $ 140.4 $ 148.2 Adjusted Operating Expenses (2) $ 38.7 $ 36.4 $ 35.7 $ 111.2 $ 105.4 NOI (60 Properties) (3) $ 10.3 $ 10.0 $ 12.3
Slide 9: Leading Indicators Support 2021 Occupancy Recovery
A Ae ital Capi icators Support 2021 Occupancy Recovery ing Ind Strong Lead Move Outs Move Ins 9 ‘See Forward Looking Statements Disclaimer Data for 60 Capital Senior Living owned communities
Slide 10: Sharp Occupancy Rebound; Peer Leading Occupancy Gains
A AS Sharp Occupancy Rebound; Peer Leading Occupancy Gains Capital * COVID-19 Pandemic has had a material adverse impact on senior housing operations throughout the industry * Capital Senior Living continues to outperform peers in this challenging environment, with a less pronounced occupancy declin
Slide 11: Quarters of Pandemic Impact; Q3 '21 Second Full Quarter of Recovery
A Ae A Quarters of Pandemic Impact; Q3 ‘21 is the Second Full Quarter of Recovery Capital Occupancy Average Rent Q 2 3 OF Qt Q G3 SH A 2 BS BB a BV Bs 2018 2018 2018 2018 2019 2019 2019 2019 2020 2020 2020 2020 2021 2021 2021 eo 2 8 ee ee ee Se ee ee 2018 2018 2018 2018 2019 2019 2019 2029 2020 2020
Slide 12: Amended Transactions Summary
A A Amended Transactions Summary Capital $154.8 million capital raise through the $82.5 million private placement of convertible and common stock to Conversant Capital (“Conversant”) and a $72.3 million common stock rights offering to existing shareholders Incremental $25 million accordion from Conv
Slide 13: Expected Uses of Capital through 2022
A Expected Uses of Capital through 2022 Capital Common Equity (Rights rin Capital buffer, to be Private used for accretive Placement) growth investments, ‘oras contingency ina ‘prolonged recovery scenario $113.5MM Private Placement Preferred Equity Interim Working Normalize NWC Near-Term Near-Term D
Slide 14: Pro Forma Capital Structure
A A Pro Forma Capital Structure Capital The Amended Transactions significantly enhance the capital structure and position the Company for future grow’ Pro Forma Capital Structure ($MM) 745 745 + The Amended Transactions represent a major step in rightsizing the Company's capital structure * The Comp
Slide 15: Q3 2021 Balance Sheet
Q3 2021 Balance Sheet + Sept 30 ending cash balance of $16.6M includes $5.9M of restricted cash and $4.0M held for other parties. Debt Maturity Schedule as of 9/30/2021* + The Company has negative working § 296.7 MM capital of $26.5M. + $16M interim loan from Conversant Capital immediately added wor
Slide 16: Q3 Key Takeaways
Q3 Key Takeaways Per Capital Recent Positive Momentum Y Continued occupancy gains; Q3 Average 81.0% (290 bps Increase compared to Q2 ‘21) v 5% sequential revenue increase Q3 ‘21 compared to Q2’21 ¥ Average rate increased from $3,518 in the second quarter of 2021 to $3,578 for the third quarter of 20
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