Chiron Real Estate Inc. · NYSE:XRN
Chiron Real Estate — Global Medical REIT — Investor Presentation (September 2020)
21 slides from Chiron Real Estate's investor presentation, Sep 1, 2020
Slide 1: Investor Presentation September 2020
Investor Presentation June 2020 September 2020
Slide 2: Forward-Looking Statements
Forward - Looking Statements 1 This presentation is for informational purposes only and does not constitute an offer to sell, or a solicitation of offers to purchase, Global Medical REIT Inc . ’s (the “Company”, or “GMRE”) securities . The information contained in this presentation does not purport
Slide 3: GMRE Compelling Value Proposition
GMRE Compelling Value Proposition Net lease operating platform, which tends to be more resilient during economic fluctuations Healthcare facilities providing mission critical services with leading operators Proven investment strategy resulting in operational flexibility for tenants and improve
Slide 4: Company Profile
Company Profile 3 Owner of national portfolio of purpose - built healthcare facilities leased to strong healthcare systems and groups with leading market share in secondary markets, designed to produce increasing, reliable rental revenue by leasing each property primarily under long - term , triple
Slide 5: Demographic & Healthcare Tailwinds Support GMRE's Strategic Vision
Demographic & Healthcare Tailwinds Support GMRE’s Strategic Vision Healthcare Providers Diversifying Real Estate Strategies to Capture Growing Patient Demand Physicians Forming Groups and Moving to Suburban Communities Consumer Preferences Continue to Push More Healthcare to Outpatient Settings Agin
Slide 6: Increasing Demand for Localized Delivery: Aging Population
Increasing Demand for Localized Delivery An Aging Population Will Drive Healthcare Costs (1) The U.S. 65+ age group is growing faster than the country’s population – ~10,000 Baby Boomers turn 65 every day – By 2030, older adults will make up 20% of the American population, up from 13 % today App
Slide 7: Increasing Demand for Localized Delivery
Increasing Demand for Localized Delivery Source : AHA Annual Survey 2017. (1) CVS Health Institute, 2017. Conveniently Located Healthcare Will Be in Higher Demand (1) According to the 2017 CVS Health Institute survey, individuals aged 65+ want to be independent as long as possible. 79% of the su
Slide 8: Targeted Approach To Acquisitions
Targeted Approach To Acquisitions Focused on constructing a portfolio comprised substantially of off - campus, purpose - built, medical facilities such as MOBs, specialty hospitals, IRFs and ASCs, that are geographically situated to take advantage of the aging U.S. population and the decentralizatio
Slide 9: Attractive Deal Partner
Attractive Deal Partner Ability to navigate complex transactions through an adaptable approach to negotiations and deal structuring, creating a favorable reputation within the market Large, broad network of investment sales brokers, coupled with a solid reputation of being able to execute, drives di
Slide 10: Strong Track Record of Acquisitions Since IPO
$93 $205 $445 $640 $894 $1,026 At IPO 2016 2017 2018 2019 YTD 2020* Strong Track Record of Acquisitions Since IPO Total Investments Since IPO (in ‘000)** Portfolio Asset Base (In MM) Since IPO, portfolio has grown from $93 million to $1,026 million of Gross Real Estate Assets, or 62% annually. 8.2%
Slide 11: Disciplined Underwriting and Due Diligence Process
Disciplined Underwriting and Due Diligence Process Acquisition Funnel (1) Healthcare real estate is highly liquid, with transaction volumes averaging $2 to $4 billion per quarter over the last five years. Focus on acquiring medical office and outpatient facilities in the $5 to $20 million range and
Slide 12: Portfolio Constructed to Maximize Risk Adjusted Returns
Portfolio Constructed to Maximize Risk Adjusted Returns 11 Tenant Credit Strength By Asset Type (Pre - COVID - 19) Category % of ABR Rent Coverage Ratio Inpatient Rehab Facility (IRF) 21.63% 3.84x Surgical Hospital (SH) 8.04% 3.32x Acute Care Hospital 2.98% - 1.36x Long - term Acute Care Hospital (L
Slide 13: Tenant Base – Diversified by Use and Geography
TX OH PA AZ OK FL IL MI TN NC All Others Tenant Base – Diversified by Use and Geography No one tenant contributes greater than 9.4% to annualized based rent 12 Top 10 States % of Annualized Base Rent (1) MOB Total IRF Surgical Hospital Office Acute Hospital LTACH FSED Texas 20.0% Ohio 9.5% Pennsylva
Slide 14: Established Strong Healthcare Operators as Tenants
Established Strong Healthcare Operators as Tenants Not - For - Profit Health System Affiliations For - Profit Systems Affiliations and Surgical Operator Partnerships Dominant Local Physician Groups 13
Slide 15: Strong Balance Sheet to Support Long Term Growth
14 Strong Balance Sheet to Support Long Term Growth Mercy/Kindred Oklahoma City Facility Capitalization ($ MM ) $467 $546 $75 Highlights Total liquidity of approximately $89.2M, as of June 30, 2020* 3.46% Weighted Average Interest Rate Weighted Average Term of Debt is 3.3 years *Includes cash
Slide 16: COVID- and Other Updates
COVID - 19 and Other Updates 15 CORPORATE □ Initiated work from home protocols mid - March □ Suspended non - essential travel □ Guarded stance on acquisition pace for balance of 2020 OPERATIONS □ Second quarter collections were 95% □ Structured rent deferral agreements for tenants under financial pr
Slide 17: Seasoned Leadership
Seasoned Leadership JEFFREY BUSCH , Chairman, Chief Executive Officer and President ROBERT KIERNAN , Chief Financial Officer and Treasurer ALFONZO LEON , Chief Investment Officer ▪ 17 + years of experience in real estate finance and has completed $ 3 billion of transactions ▪ Prior experience as pri
Slide 18: Independent Directors
Independent Directors Majority independent Board with strong backgrounds in healthcare, real estate and capital markets Henry Cole ▪ President of Global Development International, providing development support and oversight for initiatives in medical and hea lth care programs (e.g. Instant Labs Medi
Slide 19: Non-Independent Directors
Non - Independent Directors Jeffrey Busch, Chairman ▪ Over 20 years of experience in healthcare, real estate development, management and investment ▪ Former assistant to the U.S. Secretary of Housing & Urban Development ▪ United States Special Representative to United Nations in Geneva ▪ Developed l
Slide 20: Additional Disclosures
Additional Disclosures 19 Portfolio Snapshot For purposes of calculating our portfolio weighted - average EBITDARM coverage ratio (“Rent Coverage Ratio”), we excluded credit - rated tenants or their subsidiaries for which financial statements were either not available or not sufficiently detailed .
Slide 21: Investor Relations
INVESTOR RELATIONS Evelyn Infurna Evelyn.Infurna@icrinc.com 203.682.8265
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