Inventrust Properties Corp. · NYSE:IVT

Inventrust Properties — Investor Presentation (February 2022)

35 slides from Inventrust Properties's investor presentation, Feb 16, 2022

  1. Slide 1: InvenTrust Investor Presentation February 2022

    InvenTrust a da ie Investor Presentation February 2022 Essential Retail. Smart Locations.®

  2. Slide 2: Introductory Notes: Cautionary Note About Forward-Looking Statements

    ntroductory Notes Cautionary Note About Forward-Looking Statements This document has been prepared by InvenTrust Properties Corp. (the “Company,” “IVT” or “InvenTrust”) solely for informational purposes. This presentation contains “forward-looking statements” within the meaning of the Private Securi

  3. Slide 3: Overview

    » ™~ Overview Q A ? he = Ta = ee a iii te vo - a | The Shops at Arbor Trails MSA: Austin, TX

  4. Slide 4: Overview: Portfolio and Financial Highlights

    Overview Portfolio Highlights 62 103M 167K 77 RETAIL PROPERTIES TOTAL GLA ! AVG. CENTER SIZE AVG. TAP SCORE (PEER AVERAGE = 68)? 90% 86% 93.9% $18.59 SUN BELT 3 GROCERY-ANCHORED 24 LEASED OCCUPANCY ABR PER SF 5 Financial Highlights © 4.6x 22% ~$400M NET DEBT-TO- NET LEVERAGE RATIO 7” TOTAL LIQUIDITY

  5. Slide 5: Simple and Focused Strategy

    Simple and Focused Strategy Solid Balance Sheet Ample liquidity to execute disciplined Continue to increase our concentration capital allocation providing significant and capitalize on attractive Sun Belt Ti) growth opportunities demographic trends jam Essential Retail Smart Locations.°® Organic & E

  6. Slide 6: Solid Stock Performance Since Public Listing

    Solid Stock Performance Since Public Listing Highlights since public listing High quality portfolio with valuation upside + Allshares had the ability to trade day one; no lock-up + In October 2021, Green Street published an NAV estimate for IVT of $32.75 per share with an applied cap rate of 5.6% +

  7. Slide 7: The Pointe at Creedmoor

    i The Pointe at Greedmoo} WAY Misa: Raleigh / Duthamy _ os |

  8. Slide 8: Essential Retail. Smart Locations.

    Essential Retail. Smart Locations.® Sun Belt Markets Poised for Growth f wie Y 90% of NOI derived from Sun Belt markets, 1** among peers den Village! I | | ] VY Attractive demographic trends with 3-mile avg. population and HHI growth set to outpace peers Angeles, CA’ Y Durable cash flow providing st

  9. Slide 9:              

                                                                    1466935_1.WOR...

  10. Slide 10: Attractive Portfolio Demographics

    Attractive Portfolio Demographics Strong and growing trade areas are expected to lead to market rent growth TAP Score! Top 6 STEM Markets (% of ABR)? 3-Mile Educational Attainment 80 77 51% 75 38% 37: 2m n pula 48% 48% 67 47™% 44% 44% 44% 28% 609 54 22% 57 38% 38% 13% 11% 8% 7% REG IVT ROIC RPT KIM

  11. Slide 11: Portfolio Composition

    Portfolio Composition 86% grocery-anchored with 64% coming from smaller format neighborhood and community centers Old Grove Marketplace MSA: San Diego, CA Sarasota Pavilion MSA: Tampa /St. Petersburg Grocers, id 14M GLA of Neighborhood Center Trade Area 1-3 miles 35 properties 3.5MGLA! 101K average

  12. Slide 12: Essential Retail Tenant Mix

    Essential Retail Tenant Mix Half of our top 10 tenants are grocers, which drive traffic to our centers Top 10 Tenants #of # Tenant Leases % of ABR 1 rd er 15! 5.3% 2 Publix 16? 4.0% 3 A\Albertsons 8! 3.0% 4 12 2.6% 5 ETSMART 8 1.6% 7 3 1.5% s OSS 7 1.3% Duess #ou LESS 9 BEvOnanS 6 1.3% Grocer Tenant

  13. Slide 13: Solid Leasing Momentum Throughout 2021

    Solid Leasing Momentum Throughout 2021 Portfolio is healthy and performing well Executed Leases! Historical Leased Occupancy! Comparable Re-Leasing Spread ' (Thousands of SF) (Blended - New, Renewal & Options) 1,705 4-Year Average: 1,124 4-Year Average: 94% on 8% 4-Year Average: 4% at 94% a8, 94% a0

  14. Slide 14: Redevelopment: Infusing Capital to Enhance the Consumer Experience

    Redevelopment: Infusing Capital to Enhance the Consumer Experience Modest and disciplined capital focused on retenanting, revitalization, and anchor repositioning 1) _ Estimated : fsa Cost (000's) Completion Project Description Suncrest Village Active $7,500 2022 Expansion of the Publix grocery stor

  15. Slide 15: Growth Potential

    Growth Potential PGA Plaza MSA:Miami, FL

  16. Slide 16: Balance Sheet Capacity for Self Funded Growth

    Balance Sheet Capacity for Self Funded Growth Str. Flexible structure allows for various capital allocation levers to drive cash flow + External growth via acquisitions in Sun Belt markets with attractive growth profiles + Reinvest in assets through redevelopment pipeline Net Debt-to-Adjusted EBITDA

  17. Slide 17: Experienced Acquisitions Team

    Experienced Acquisitions Team Best-in-class acquisitions platform with disciplined approach and high volume capabilities Historical Acquisitions’ 600+ Opportunities Evaluated 49 Closed InvenTrust Properties (SM) Average Annual Acquisitions: $280 $633 Total InvenTrust Acquisitions and Dispositions $1

  18. Slide 18: Demographics 3-mile Avg. HH Income $141,700

    Demographics 3-mile Avg. HH Income - $141,700 3-mile Population - 73,900   

  19. Slide 19: Demographics 3-mile Avg. HH Income $117,800

    Demographics 3-mile Avg. HH Income - $117,800 3-mile Population – 91,000   

  20. Slide 20: IVT Market Spotlight — Austin

    IVT Market Spotlight — Austin “Silicon Hills”: Pro-business and Pro-environment + CBRE considers Austin to be the #1 target market for commercial real estate investment post-pandemic + Robust job market has transformed the metro area into one of the fastest-growing cities in the country since 2010 +

  21. Slide 21: Institutional Capital Partnership

    nstitutional Capital Partnership PGGM joint venture provides captive pipeline for future external growth Blackhawk Town Center Stables Town Center MSA; Houston, TX MSA; Houston, TX. + Institutional capital partnership with PGGM since 2013 (InvenTrust currently owns 55% of the JV portfolio) + Joint v

  22. Slide 22: Balance Sheet & 2022 Outlook

    Balance Sheet & 2022 Outlook Inventrust x ! - Gateway Market Center “eS * Fropertes %, MSA: Tampa, FL - - ]

  23. Slide 23: Flexible and Conservative Capital Structure

    Flexible and Conservative Capital S Flexible structure allows for various capital allocation levers to drive cash flow Balance Sheet Highlights Total Market Capitalization? Balance sheet with investment grade-like characteristics Secured Debt Nearly $400M in liquidity Unsecured Debt + Liquidity incl

  24. Slide 24: Six Dividend Increases in Five Years

    Six Dividend Increases in Five Years Increased dividend payments over the last five years and during the pandemic with additional capacity to grow dividend further ¥ Aggregate dividends declared (as a % of Core FFO) = 56% ' Historical & Projected Dividend Payments ” Did not cut or suspend dividend d

  25. Slide 25: 2022 Outlook and Guidance

    2022 Outlook and Guidance Growth Opportunities Contractual Rent Steps 2022 OUTLOOK AND GUIDANCE! i eens ae Net Income per diluted share? $0.13 to $0.19 Leasing Growth NAREIT FFO per share? $1.53 to $1.59 Redevelopment $1.50 to $1.56 Core FFO per share 7% to 11% Acquisition YoY growth SPNOI Growth 2.

  26. Slide 26: Corporate Responsibility

    Corporate Responsibility Trowbridge Crossing MSA: Atlanta, GA ed

  27. Slide 27: ESG Overview

    ESG Overview Effectively managing our business and assets with a focus on environmental, social and governance (“ESG”) initiatives ~ s Environmental Social Governance + Improved energy, water and waste + IVTinvests in its employees through tuition + IVT places a strong emphasis on its management pol

  28. Slide 28: • • • • ° • • • • • • • • •

    • • • • ° • • • • • • • • • • • • • • • • • • • • •

  29. Slide 29: Essential Retail. Smart Locations.

    Essential Retail. Smart Locations.»

  30. Slide 30: Plaza Midtown

    & InvenTrust : Plaza Midtown perties k Pro =MSA-Atlanta, GA as

  31. Slide 31: Non-GAAP Measures and Definition of Terms

    Non-GAAP Measures and Definition of Terms General In addition to measures prepared in accordance with generally accepted accounting principles in the United States of America ("GAAP" measures), this presentation contains and refers to certain non-GAAP measures. We do not consider our non-GAAP measur

  32. Slide 32: Reconciliation of Non-GAAP Measures

    Reconciliation of Non-GAAP Measures Pro Rata Same Property NOI Three Months Ended December 31 Year Ended December 31 2021 2020 2021 2020 Net (loss) income $ (10,751) $ 4,246 $ (5,360) $ (10,174) Adjustments to reconcile to non-GAAP metrics: Other income and expense, net (761) (754) (606) (3,326) Equ

  33. Slide 33: Reconciliation of Non-GAAP Measures: EBITDA and Adjusted EBITDA

    Reconciliation of Non-GAAP Measures EBITDA and Adjusted EBITDA Three Months Ended December 31 Year Ended December 31 —_2027—“‘<(2OSC*CKSC™C”™*~™~#~C~«eLCC~C~C~C«SC~C‘C:*s Net (loss) income $ (10,751) $ 1,246 $ (5,360) $ (10,174) Interest expense © 4,977 5,380 19,362 22,849 Income tax expense (benefi

  34. Slide 34: Reconciliation of Non-GAAP Measures: NAREIT FFO and Core FFO

    Reconciliation of Non-GAAP Measures NAREIT FFO and Core FFO Net (loss) income Depreciation and amortization related to investment properties Provision for asset impairment Gain on sale of investment properties, net Unconsolidated joint venture adjustments ° NAREIT FFO Applicable to Common Shares and

  35. Slide 35: InvenTrust Properties Contact

    & Inventrust Properties Corporate Office 3025 Highland Parkway Suite 350 Downers Grove, IL 60515 Investor Relations 630-570-0605 InvestorRelations@inventrustproperties.com Transfer Agent Computershare 855.377.0510

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