Slide 1: Supplemental Operating and Financial Data September 30, 2011
Fort Wayne, IN 62 units Supplemental Operating and Financial Data September 30, 2011 (Unaudited) Erie, PA 69 units
Slide 2: Table of Contents
Table of Contents 2 CORPORATE Company Information 3 Additional Information 4 Forward-Looking Statements 5 Non-GAAP Information 5 Acquisitions 6 Real Estate Portfolio Summary 7-8 Real Estate Portfolio Diversification 9-11 Top Ten Operators - Owned Portfolio 12 Market Capitalization 13 Proforma Market
Slide 3: Company Information
3 Company Information CORPORATE Andre Dimitriadis Wendy Simpson Edmund King Executive Chairman Timothy Triche, MD Boyd Hendrickson Devra Shapiro Lead Director Andre Dimitriadis Wendy Simpson Pam Kessler Executive Chairman Chief Executive Officer and President Executive Vice President and Chief Finan
Slide 4: Additional Information
4 CORPORATE Additional Information BMO Capital Markets Corp. J.J.B. Hilliard, W.L. Lyons, Inc. JMP Securities, LLC Richard Anderson John Roberts Peter Martin KeyBanc Capital Markets, Inc. RBC Capital Markets Corporation Sandler O'Neill + Partners, L.P. Karin Ford Frank Morgan James Milam Stifel, Nic
Slide 5: Forward-Looking Statements
5 Forward-Looking Statements This supplemental information contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, adopted pursuant to the Private Securities Litigation Reform
Slide 6: Acquisitions: Year 2010 and YTD 2011
6 Acquisitions: Year 2010 and YTD 2011 Gulf Breeze, FL 61 units Hewitt, TX 140 licensed beds (dollars in thousands) REAL ESTATE PORTFOLIO DATE # OF PROPERTIES ASSET CLASS # BEDS/UNITS LOCATION OPERATOR DATE OF CONSTRUCTION PURCHASE PRICE ANNUAL GAAP REVENUE GAAP Lease Yield 01/29/10 1 SNF 166 TX Cre
Slide 7: Real Estate Portfolio Summary
7 Real Estate Portfolio Summary REAL ESTATE PORTFOLIO “Same Property Portfolio” Quality Mix Owned Properties Payor Source (1) 2Q11 Private Pay 63.0% Medicare 13.6% Medicaid 23.4% (1) Quality mix for our skilled nursing portfolio, for the quarter presented, is 23.2% Private Pay, 26.6% Medicare, and 5
Slide 8: Real Estate Portfolio Summary: Same Property Portfolio Statistics
8 “Same Property Portfolio” Statistics (1) Real Estate Portfolio Summary Historical “Same Property Portfolio” SNF Coverage (1) REAL ESTATE PORTFOLIO Owned Properties 2Q11 1Q11 2Q11 1Q11 2Q11 1Q11 Assisted Living (2) 77.1% 77.1% 1.41 1.38 1.63 1.61 Assisted Living (3) 88.1% 88.2% 1.48 1.48 1.74 1.74
Slide 9: Real Estate Portfolio Diversification
9 Real Estate Portfolio Diversification REAL ESTATE PORTFOLIO Owned and Loan Portfolio – Property and Asset Type Diversification Owned Portfolio – Operator Diversification
Slide 10: Real Estate Portfolio Diversification
10 Real Estate Portfolio Diversification REAL ESTATE PORTFOLIO Owned and Loan Portfolio – Property and Asset Type Diversification Owned Portfolio – Operator Diversification (dollars in thousands) Gross Gross Property Type Investment % % Asset Type Investment % Skilled Nursing 89 357,271 $ 47.9% 28,3
Slide 11: Real Estate Portfolio Diversification: State
11 Real Estate Portfolio Diversification REAL ESTATE PORTFOLIO Owned and Loan Portfolio - State Diversification By Property Type (1) Due to master leases with properties in multiple states, revenue by state is not available. Gross State (1) # of Props ALF % SNF % Other % School % Investment % Texas
Slide 12: Top Ten Operators – Owned Portfolio
12 Top Ten Operators – Owned Portfolio REAL ESTATE PORTFOLIO Top Ten Operators Extendicare REIT and Assisted Living Concepts, Inc. (TSX:EXE.UN) operates 265 senior care facilities in Canada and in the United States with the ability to serve approximately 29,400 residents. EHSI offers a continuum of
Slide 13: Market Capitalization
13 Market Capitalization (1) Non-traded shares. Two million shares outstanding with a face rate of 8.5% and a liquidation value of $19.25, convertible into common stock on a one-for-one basis. Our Preferred C’s are not redeemable by us. (2) Traded on NYSE. FINANCIAL (In thousands, except per share a
Slide 14: Proforma Market Capitalization
14 Proforma Market Capitalization FINANCIAL (1) Proforma includes $29.6 million net borrowings, subsequent to September 30, 2011, under our Unsecured Credit Agreement, for the purchase of two skilled nursing properties and a vacant parcel of land. (2) Non-traded shares.Two million shares outstanding
Slide 15: Lease and Mortgage Loan Receivable Maturity
15 Lease and Mortgage Loan Receivable Maturity LTC’s investment portfolio has a long-term weighted roll-over maturity schedule. Over 78% of the portfolio has lease expirations beyond 2016. Over 44% of outstanding mortgage loans mature after 2016. FINANCIAL Investment Portfolio Maturity Schedule (as
Slide 16: Debt Maturity - Proforma
16 Debt Maturity - Proforma (in thousands) FINANCIAL (amounts in thousands) (1) Reflects scheduled principal payments for amortizing of debt. In the 3rd quarter of 2011, we completed the sale to Prudential of $50.0 million aggregate principal amount of 4.80% senior unsecured term notes fully amortiz
Slide 17: Financial Data Summary
17 Financial Data Summary FINANCIAL (Dollars in thousands) (1) Proforma includes $29.6 million net borrowings, subsequent to September 30, 2011, under our Unsecured Credit Agreement, for the purchase of two skilled nursing properties and a vacant parcel of land. Proforma (1) 12/31/08 12/31/09 12/31/
Slide 18: Financial Data Summary
18 Financial Data Summary FINANCIAL (Amounts in thousands) Non-Cash Rental Revenue Components (1) Proforma includes $29.6 million net borrowings, subsequent to September 30, 2011, under our Unsecured Credit Agreement, and the purchase of two skilled nursing properties and a vacant parcel of land. $
Slide 19: Consolidated Statements of Income
Consolidated Statements of Income 19 FINANCIAL (Amounts in thousands, except per share amounts) (unaudited) 2011 2010 2011 2010 Revenues Rental income $19,620 $16,227 $57,139 $47,355 Interest from mortgage loans 1,582 1,868 4,851 5,683 Interest and other income 227 264 872 838 Total revenues 21,429
Slide 20: Consolidated Balance Sheets
Consolidated Balance Sheets 20 FINANCIAL (Amounts in thousands) September 30, 2011 December 31, 2010 September 30, 2011 December 31, 2010 (unaudited) (unaudited) ASSETS LIABILITIES Land 50,409 $ 43,031 $ Bank borrowings 28,400 $ 37,700 $ Buildings and improvements 634,418 567,017 Senior unsecured no
Slide 21: Funds from Operations
Funds from Operations 21 FINANCIAL (Amounts in thousands, except per share amounts)) 2011 2010 2011 2010 Net income available to common stockholders $ 11,472 $ 5,571 $ 28,176 $ 20,004 Add: Depreciation and amortization (continuing and discontinued operations) 4,974 4,073 14,482 11,947 FFO available
Slide 22: Glossary
22 GLOSSARY Glossary Assisted Living Properties (“ALF”): Senior housing properties serving elderly persons who require assistance with activities of daily living, but do not require the constant supervision skilled nursing properties provide. Services are usually available 24 hours a day and include
Slide 23: Glossary
23 GLOSSARY Glossary GAAP Rent: Total rent we will receive as a fixed amount over the life of the lease and recognize that revenue evenly over that life. GAAP rent recorded in the early years of a lease is higher than the cash rent received and during the later years of the lease, the cash rent rece
Slide 24: Glossary
24 GLOSSARY Glossary Quality Mix: LTC revenue by operator underlying payor source for the quarter presented. LTC is not a Medicaid or a Medicare recipient. Statistics represent LTC’s rental revenues times operators’ underlying payor source revenue percentage. Underlying payor source revenue Percenta