Sonida Senior Living, Inc. · NYSE:SNDA
Sonida Senior Living — Capital Senior Living — Investor Presentation (August 2012)
21 slides from Sonida Senior Living's investor presentation, Aug 2, 2012
Slide 1: Capital Senior Living Corporation
Capital Senior Living Corporation
Slide 2: Forward-Looking Statements
Forward-Looking Statements The forward-looking statements in this presentation are subject to certain risks and uncertainties that could cause results to differ materially, including, but not without limitation to, the Company's ability to complete the refinancing of certain of our wholly owned comm
Slide 3: Investment Highlights
Investment Highlights Value leader in providing quality seniors housing and care at reasonable prices Substantially all private pay with strong cash flow generation Industry benefits from need-driven demand and limited new supply Improving occupancy and revenue growth Executing on accretive growth i
Slide 4: Company Overview
Company Overview Capital Senior Living operates 91 communities in geographically concentrated regions with the capacity to serve 12,600 residents CA. 408 AR. 173 AZ. 189 CT. 178 FL. 226 IA. 122 IL. 650 IN. 1,589 KS. 169 LA. 136 MI. 346 MN. 173 MO. 348 MS . 143 NC. 593 SC. 614 NE. 599 NJ. 98 NY. 387
Slide 5: Resident Demographics at CSU Communities
Resident Demographics at CSU Communities Average age of resident: 85 years Average age of resident moving in: 82 years Average stay period: 2-3 years Percent of female residents: 80% Resident turnover is primarily attributed to death or need for higher care 5
Slide 6: The Capital Advantage: Senior Living Options - Independent Living
The Capital Advantage: Senior Living Options Average 120 units per IL community with large common areas and amenities Supportive services, wellness programs, social, recreational, and educational events Average monthly rate of $2,380 100% private pay Average length of resident stay is 34 months Inde
Slide 7: The Capital Advantage: Senior Living Options - Assisted Living
The Capital Advantage: Senior Living Options Average 67 units per AL community 70% of communities offer AL units Assistance with activities of daily living such as medication reminders, bathing, dressing and grooming Average monthly rate of $3,670 Substantially all private pay Average length of resi
Slide 8: The Capital Advantage: Need-driven Demand
The Capital Advantage: Need-driven Demand U.S. population 75+ years old is estimated to grow by 3.5 million from 2009 through 2015 Only 1.3 million units serving a population of 18.9 million seniors Current 6.9% penetration rate implies demand growth of 40,000 units per year (Population in millions)
Slide 9: The Capital Advantage: Limited New Supply
The Capital Advantage: Limited New Supply Source: Seniors NIC MAP100 Trends 9
Slide 10: The Capital Advantage: Senior Housing Occupancy Trends
The Capital Advantage: Senior Housing Occupancy Trends Source: Seniors NIC MAP100 Trends 10
Slide 11: The Capital Advantage: Competitive Strengths
The Capital Advantage: Competitive Strengths Value leader in geographically concentrated regions Experienced on-site, regional, and corporate management Larger company economies of scale and proprietary systems that yield operating efficiencies in highly fragmented industry Strong institutional rela
Slide 12: The Capital Advantage: Strategy
The Capital Advantage: Strategy Focus on our core strengths Maximize the cash flow generated by our communities and our operations Enhance geographic concentration and maximize competitive strengths within each of our markets Increase levels of care through conversions to AL or MC units and acquisit
Slide 13: 2012 Business Plan
2012 Business Plan Focused on operations, marketing and growth to enhance shareholder value through: Organic growth Proactive expense management Accretive acquisitions and conversions Utilization of technology 13
Slide 14: 2012 Business Plan: Organic Growth
2012 Business Plan: Organic Growth Increase average rents Each 3% increase generates $8.5M of revenue Improve occupancies Each 1% generates $3M of revenue, $2M of EBITDAR and $0.05 per share of CFFO Convert units to higher levels of care Incremental $6M of revenue and $3.6M of EBITDAR Cash flow enha
Slide 15: Operating Performance: Improving Occupancy Trends
Operating Performance 15 Improving Occupancy Trends Same Communities Financial Occupancy
Slide 16: Operating Performance: Revenue and EBITDAR growth
Operating Performance 16 Revenue and EBITDAR growth EBITDAR increased 94% on a 61% increase in revenue EBITDAR margin increased from 29.9% in Q1 2010 to 36.0% in Q2 2012 $ in millions
Slide 17: 2012 Business Plan: External Growth
2012 Business Plan: External Growth Strategic acquisitions of high quality senior living communities to enhance geographic concentrations Economics from $75.6 million of acquisitions completed in 2012 Seven communities with 563 units Debt $54.8 Equity $20.8 Revenue $19.4 EBITDAR $8.0 Cash Flow From
Slide 18: Income Statement: Q2 Comparison
Income Statement: Q2 12 Comparison 2012 2011 % Increase Total Revenues $ 77.0 $ 64.3 19.7% Operating Expenses (44.7) (37.4) General & Administrative Expenses (3.4) (3.1) Other Expense (1.2) (1.2) EBITDAR $ 27.7 $ 22.6 22.8% % Margin 36.0% 35.1% Lease Expense (13.9) (13.6) Interest, Taxes and Other (
Slide 19: Balance Sheet
Balance Sheet ASSETS ASSETS Cash and Securities $ 46.0 Other Current Assets 21.9 Total Current Assets 67.9 Fixed Assets 440.8 Other Assets 51.3 TOTAL ASSETS $560.0 LIABILITIES & EQUITY LIABILITIES & EQUITY Current Liabilities $ 41.2 Long-Term Debt 283.2 Other Liabilities 65.3 Total Liabilities 389.7
Slide 20: Investment Highlights
Investment Highlights Need-driven demand and limited new supply Value leader in geographically concentrated regions Experienced management team with demonstrated ability to operate, acquire and create value Substantially all private pay with minimal federal regulation Accretive acquisitions in highl
Slide 21: Capital Senior Living Corporation
Capital Senior Living Corporation
Capital Senior Living — Investor Presentation (August 2012) on 6ix