Sonida Senior Living, Inc. · NYSE:SNDA
Sonida Senior Living — Capital Senior Living — Q2 2021 Earnings Presentation
16 slides from Sonida Senior Living's earnings presentation, Aug 12, 2021
Slide 1: A Ad»
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Slide 2: Forward-Looking Statements & Non-GAAP Financial Measures
A A Forward-Looking Statements & Non-GAAP Financial Measures Capital Forward Looking Statements: The forward-looking statements in this release are subject to certain risks and uncertainties that could cause the Company's actual results and financial condition to differ materially, including, but no
Slide 3: No Offer or Solicitation / Additional Information and Where to Find It
A No Offer or Solicitation /Additional Information and Where to Find It Capital This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of any securities in any state or other jurisdiction in which such offer, solicitat
Slide 4: Communities Owned and Managed
68 Communities 60 Owned 8 Managed 6,000+ Residents Served 3,200+ Employees 76.8% YTD 2021 Avg Occupancy2 60 owned communities 30+ Year History 15+ Communities 5 - 14 Communities < 5 Communities 6,881 Units 18 States OwnedManaged
Slide 5: Q2 2021 Highlights
Q2 2021 Highlights A A s 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 ff Announced Strategic Investment Trans
Slide 6: Move Ins and Move Outs
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun ‘20 '20 '20 '20 '20 '20 '20 '20 '20 '20 '20 '20 '21 '21 '21 '21 '21 '21 ‘20 '20 '20 '20 '20 '20 '20 '20 '20 '20 '20 '20 '21 '21 '21 '21 '21 '21 Move Ins Mov
Slide 7: Sharp Occupancy Rebound 1H21; Peer Leading Occupancy Gains
A AS Sharp Occupancy Rebound 1H21; Peer Leading Occupancy Gains Capital * COVID-19 Pandemic has had a material impact on senior housing operations throughout the industry * Capital Senior Living continues to outperform peers in this challenging environment, with a less pronounced occupancy decline t
Slide 8: Quarters of Pandemic Impact; Q2 '21 is the First Full Quarter of Recovery
a rv" A Quarters of Pandemic Impact; Q2 ‘21 is the First Full Quarter of Recovery Capital Occupancy Average Rent COVID-19 $3,582$3,586 $3,548 $3,534) $3,515 $3,503 5, Recovery Ql Q2 Q3 O24 Ql Q2 Q3 O& Ql Q2 QB OQ Ql Q2z Ql Q2 Q8 Q4 Ql Q2 QB 4 Ql Q2 Qs QB Ql QZ 2018 2018 2018 2018 2019 2019 2019 2019
Slide 9: Key Operating Metrics: Occupancy, RevPOR, Revenue, NOI
• • • • 2Q21 1Q21 2Q20 YTD 2021 YTD 2020 Average Occupancy 78.1% 75.5% 81.5% 76.8% 82.6% RevPOR (1) $ 3,518 $ 3,531 $ 3,600 $ 3,527 $ 3,588 Revenue $ 46.4 $ 45.2 $ 49.6 $ 91.5 $ 100.2 Operating Expenses (2) $ 36.4 $ 36.1 $ 34.7 $ 72.8 $ 69.6 NOI (60 Properties) (3) $ 10.0 $ 9.1 $ 14.8 $ 19.0 $ 30.5
Slide 10: The Operating Environment Remains Challenging Even with COVID-19 Cases Down
The Operating Environment Remains Challenging Even with COVID-19 Cases — & Down Or 00% and Community Operations Normalizing Capital 100% of Capital Senior Living communities are currently accepting new residents 180 Active cases remain low due to implementation of 3,500,000 consistent and robust saf
Slide 11: CSU Is Pivoting to Growth with Focused Portfolio
CSU Is Pivoting to Growth with Focused Portfolio Capital Senior Living Capital Senior Living Senior Housing * 80+ population growth of 1.3% from 2010 to 2019 as the + Sharply accelerating growth of 80+ cohort: 4.1% population CAGR Demand relatively small 1928-1940 generation aged into senior housing
Slide 12: July 22, 2021 Transaction Announcement: Strategic Investment and Proposed Rights Offering
July 22, 2021 Transaction Announcement: A a ” Strategic Investment and Proposed Common Stock Rights Offering Capital Investment Summary Convertible Preferred Stock Up to approximately $152.5 million capital raise through the private placement of convertible stock with Conversant Capital (“Conversant
Slide 13: Transaction Benefits: Liquidity, Stabilization of Balance Sheet, Growth Capital
Transaction Benefits: “ A Liquidity, Stabilization of Balance Sheet, Growth Capital Capital Injects Liquidity and Positions Company to Fortifies Balance Sheet Benefit from Recovery Investment in Existing Properties Conversant Backstop Provides Accelerates Recovery Certainty of Capital Raise Ability
Slide 14: Illustrative Uses of Capital — Current Portfolio Investments
A A Illustrative Uses of Capital — Current Portfolio Investments Capital ( Pipeline of identified investments within current portfolio that Capital | Senior is poised to pursue given the availability of new capital 2021 Capital Spend on Room Key Stats (1): Turns/Upgrades 7% of * Opportunity to captu
Slide 15: Transaction Will Enhance Balance Sheet, Improve Liquidity, and Address Near-Term Maturities
Transaction Will Enhance Balance Sheet, Improve Liquidity, and Address AA .. Near-Term Maturities Capital June 30 ending cash balance of $19.5M reflects $4.9M of restricted cash and $1.0M held for other parties. The Company has negative working capital of $32.9M $17.3M interim loan from Conversant C
Slide 16: Key Takeaways
A A Key Takeaways Capital Near-Term Operating Environment Y Challenging labor environment with limited staff availability and high cost of contract labor in some markets Recent Positive Momentum Y Continued Occupancy Gains; 81.8% July EOP (650 bps Increase since pandemic low) v Inflationary pressure
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