Slide 1: Q3 2024 Investor Presentation
Q3 2024 INVESTOR PRESENTATION OCTOBER 23, 2024
Slide 2: StorageVault Overview
STORAGEVAULT OVERIEW OVERVIEW SVI currently owns 219 locations with over 12.4 million sq ft of rentable storage space (107,725 units) on over 715 acres across Canada with over 1.5 million sq ft of expansion potential within these locations SVI’s largest shareholder is Access Self Storage Inc. (3
Slide 3: SVI – Investment Highlights
SVI – INVESTMENT HIGHLIGHTS A growing, unique combination of value and growth, cash flowing business, requiring minimal capital expenditures while providing strong FFO Over $2.39B in accretive acquisitions since April 2015. $1.04B in transactions announced and/or completed in the last 5 years -
Slide 4: Industry Overview
INDUSTRY OVERVIEW Investor Presentation 4
Slide 5: Industry Overview
INDUSTRY OVERVIEW INDUSTRY OVERVIEW Storage is the top performing real estate asset class in the US over the past 10, 15, 20 and 25 year periods(1) and in Canada over the last 10 years Bargaining Power of Suppliers: Very Low – historically almost non-existent Demand is driven by population gro
Slide 6: Industry Overview – Top Operators
INDUSTRY OVERVIEW – TOP OPERATORS Canada CompanyA Ticker Stores StorageVault SVI 249 StorageMart - 71 Public Storage - 65 Mini Mall Storage - 55 Apple Storage - 53 U.S. CompanyA Ticker Stores Extra Space StorageB EXR 3,714 Public Storage PSA 3,310 CubeSmart CUBE 1,535 National Storage Affiliates NSA
Slide 7: Industry Dynamics
INDUSTRY DYNAMICS INDUSTRY DYNAMICS The superior performance of the storage industry has been the result of the following factors: Bargaining Power of Buyers: Very Low – small $ purchase, high switching costs Bargaining Power of Suppliers: Very Low – historically almost non-existent Intensity
Slide 8: Industry Performance
INDUSTRY PERFORMANCE WHY WILL THIS SUPERIOR PERFORMANCE CONTINUE? Canadian population continues to grow – it is now projected to be 100 million by 2100 Average condo/apartment size continues to shrink Canadians continue to acquire more “stuff” The USA has an average of 8.3 sq ft of storage p
Slide 9: Consistent Outperformance
SELF STORAGE HAS DELIVERED THE HIGHEST ROI AND CONSISTENT OUTPERFORMANCE INDUSTRY POSITIVE: LOWEST VOLATILITY OF ANY REIT SECTOR Since 1994, self storage REIT returns have outperformed all other equity REIT sectors while experiencing the least volatility The industry is expected to continue to gen
Slide 10: Industry Performance – Canadian Population Growth 2010-2100
INDUSTRY PERFORMANCE CANADIAN POPULATION GROWTH 2010 - 2100 Canadian Population Projected to Grow to 100M by 2100 Population (Millions) 100.0 Trudeau Projection 100 million 90.0 High Growth 80.0 83 million 70.0 Conservative 60.0 Growth 63 million 50.0 40.0 30.0 2015 2025 2035 2045 2055 2065 2075 208
Slide 11: SVI Overview
SVI OVERVIEW Investor Presentation 11
Slide 12: SVI – Asset Overview
SVI – ASSET OVERVIEW CURRENT PORTFOLIO DETAILS 219 stores owned and 30 managed totalling 249 stores Over 12.4 million sq ft of rentable storage space 107,725 units Over 715 acres across Canada Over 1.5 million sq ft in expansion potential – we expect to complete another 110,000 square feet
Slide 13: Investor Presentation
20 44 12 12 28 7 126 Investor Presentation 13
Slide 14: Financial Performance
FINANCIAL PERFORMANCE FINANCIAL PERFORMANCE SVI has experienced rapid store growth, more than 73X its asset base since 2014 Stores require very little capital expenditure Annual maintenance capex represents 4% to 5% of revenues with less than 1% being capitalized STORE COUNT, NOI AND AFFO GROW
Slide 15: Share Price Performance
SHARE PRICE PERFORMANCE SHARE PRICE PERFORMANCE (1) 8.00 7.75 31-Dec-21 Closed on $270M in 7.50 acquisitions in 2021 7.25 7.00 09-Jan-2023 6.75 Closed on $150M 6.50 bought offering 6.25 debenture 6.00 5.75 5.50 5.25 04-Jan-22 Share price reaches 5.00 20-July-20 high of $7.39 4.75 31-Dec-19 Closed on
Slide 16: Capital Structure & Shareholders
CAPITAL STRUCTURE & SHAREHOLDERS MAJOR SHAREHOLDERS Shareholders Shares % of Basic Access Self Storage Inc. 135.804MM 36.45% 1934255 Ontario Inc. (50% owned by Access Storage) 16.2MM 4.18% Capital Research & Management Co. (World Investors) 14.814MM 3.98% 1832 Asset Management LP 7.791MM 2.09% CIBC
Slide 17: Corporate Governance - Acquisitions
CORPORATE GOVERNANCE - ACQUISITIONS ACQUISITIONS SVI purchases assets from related parties, in particular, from Access Storage. To govern such potential related party transactions the Corporation has established an Acquisition Committee and developed an Acquisition Committee Mandate The Acquisit
Slide 18: Why Storage Is a Smart Place to Invest
WHY STORAGE IS A SMART PLACE TO INVEST A SMART PLACE TO INVEST Business is driven by population growth - Canadian population is now projected to grow from 36 million to over 100 million by 2100 – and change in circumstances Average house and apartment sizes continue to shrink Since 2015, SVI c
Slide 19: Appendices
APPENDICES Investor Presentation 19
Slide 20: Contacts
CONTACTS INVESTOR RELATIONS ir@storagevaultcanada.com 1.877.622.0205 STEVEN SCOTT Chief Executive Officer IQBAL KHAN Chief Financial Officer Investor Presentation 20
Slide 21: Management and Board of Directors
Jay Lynne Fleming Director & Chair of the Governance, Nominating and Compensation In 1999, Ms. Fleming founded Storage For Your Life which was sold to the Corporation in September 2015. She currently serves the Corporation as a director and as a member of the Audit Committee, the Governance, Nominat
Slide 22: SWOT Matrix
SWOT MATRIX Entry Barriers Rivalry Determinants Determinants of Buyer Power Determinants of Supplier Power Determinants of Substitution Threat Investor Presentation 22
Slide 23: Forward Looking Statements
This presentation contains “forward-looking information” within the meaning of applicable Canadian securities legislation. All statements, other than FORWARD LOOKING STATEMENTS statements of historical fact, included herein are forward-looking information. Generally, forward-looking information may
Slide 24: Damages or Rescission
The following statutory rights of action for damages or rescission will only apply to a purchaser of securities of StorageVault in the event that this corporate presentation is deemed to be an offering memorandum pursuant to applicable securities legislation in certain provinces of Canada. These rem
Slide 25: Thank You
STORAGEVAULT §=—= Hank vou