15 slides from Inventrust Properties's shareholder meeting presentation, May 6, 2021
Slide 1: Annual Shareholder Meeting
Annual Shareholder Meeting May 6, 2021 Essential Retail. Smart Locations.®
Slide 2: Forward Looking Statements
Forward-Looking Statements in this presentation, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical, including statements regarding management’s i
Slide 3: Opening Remarks
Opening Remarks Tom McGuinness - CEO Essential Retail. Smart Locations.® | 2021 3
Slide 4: InvenTrust Emerging from the Pandemic
InvenTrust Emerging from the Pandemic • The administration of the COVID vaccine provides a light at the end of the tunnel for the retail sector: IVT has guarded optimism that retail health will continue to improve • IVT properties demonstrated resiliency during the pandemic: rent collections exceede
Slide 5: 65 Retail Properties, 13 Sun-Belt Markets, 85% Grocery-Anchored
Essential Retail. Smart Locations 65 Retail Properties $2.8B Gross Asset Value 2 13 Sun-Belt Markets (~20 MSAs) 18% Net Leverage Ratio 3 85% Grocery-Anchored 1 2.7% Dividend Yield 96% Q4 Rent Collected $2.89 Estimated Share Value Essential Retail. Smart Locations.® | 2021 5
Slide 6: Geography: Sun-Belt Focused
Geography: Sun-Belt Focused Operating teams located within two-hour drive of 90% of properties 2021B Pro-Rata NOI 1 Other 10% Florida North 19% Carolina 12% Southern Atlanta California 12% 12% Texas… Essential Retail. Smart Locations.® | 2021 6
Slide 7: Grocery-Anchored Centers: Predictable & Durable Income
Grocery-Anchored Centers: Predictable & Durable Income By Net Operating Income NOI from Grocery-Anchored Centers 17% Power Center with Grocer 22% 16% 10% 85% Grocery Grocery Anchored – Power Center - Anchored 1 No Grocer Neighborhood 7% & Community 15% Centers 63% 20% 15% Essential Retail. Smart Loc
Slide 8: Portfolio Composition: Essential Tenants
Portfolio Composition: Essential Tenants 1 Essential Retail: Tenants open and operating, providing consumers with immediate needs Other Essential Banks Office/ Pets Retail/Services 4% Communications 3% 2% 5% Hardware/Auto Essential Retail: 1% 44% of Pro Rata ABR Medical 8% Restaurants 19% Restaurant
Slide 9: Grocery Concentration versus Retail Peers
Grocery Concentration versus Retail Peers 1 Grocery Anchored Higher Grocery 100% Concentration 95% 90% 85% 80% Lower Grocery 75% Concentration 96% 70% 85% 82% 65% 80% 77% 75% 60% 70% 67% 67% 66% 55% 50% ROIC IVT WRI REG KIM KRG BRX SITC RPT RPAI Essential Retail. Smart Locations.® | 2021 9
Slide 10: Flexible & Conservative Capital Structure
Flexible & Conservative Capital Structure • Below 20% net leverage with no unsecured maturities until 2023 • Year-end line of credit balance has been fully repaid • Significant cash reserve and low leverage balance sheet to fund dividend payments and strategic portfolio growth Capital Structure 1 Ma
Slide 11: Fifth Consecutive Annual Dividend Increase
Fifth Consecutive Annual Dividend Increase $0.080 $0.0782 $0.0759 $0.075 $0.0737 $0.0716 $0.070 $0.0695 $0.0675 $0.065 $0.060 2016 2017 2018 2019 2020 2021 Essential Retail. Smart Locations.® | 2021 11
Slide 12: Recent Company Updates & Announcements
Recent Company Updates & Announcements • A CEO succession program and Tom McGuinness’ retirement • Tom retiring in August and will remain on the Board until 2022 • Daniel (DJ) Busch appointed President / Christy David appointed COO in February • In August, DJ will assume CEO role & Mike Phillips wil
Slide 13: 2021 Strategic Priorities
2021 Strategic Priorities Properties Platform Team Culture Grocery-anchored Simple, focused, and Deep real estate centers in Sun-Belt Innovative, collegial, flexible in both the expertise embedded and accountable markets with portfolio and capital in our markets close favorable structure to our asse
Slide 14: InvenTrust
&* Inventrust 14 “Sage Properties
Slide 15: Footnotes
Footnotes Page 5 anchored 1. By 2020A NOI at pro-rata share. NOI percentages include shadow-anchored grocery store tenants. Walmart, Target and warehouse clubs are considered grocers, Page 8 regardless of whether 1. By pro-rata ABR including ground leases as of December 31, 2020. the box is owned by