Slide 1: Supplemental Operating and Financial Data December 31, 2011
Supplemental Operating and Financial Data December 31, 2011 (Unaudited) South Hills, PA 67 units Gulf Breeze, FL 61 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 Lease & Mortgag
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, Ni
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 Year 2011
6 Acquisitions: Year 2010 and Year 2011 REAL ESTATE PORTFOLIO Hewitt, TX 140 licensed beds (dollar amounts in thousands) 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 Creative Solutions 1
Slide 7: Real Estate Portfolio Summary
7 Real Estate Portfolio Summary REAL ESTATE PORTFOLIO “Same Property Portfolio” Quality Mix (dollar amounts in thousands) For the Nine Months Ended September 30, 2011 Private Pay 61.2% Medicare 14.3% Medicaid 24.5% (1) Quality mix for our skilled nursing portfolio, for the period presented, is 23.9%
Slide 8: "Same Property Portfolio" Statistics
8 “Same Property Portfolio” Statistics (1) Real Estate Portfolio Summary Historical “Same Property Portfolio” SNF Coverage (1) REAL ESTATE PORTFOLIO EBITDAR Coverage EBITDARM Coverage 3Q11 2.2 3.0 2Q11 2.2 3.0 1Q11 2.1 2.9 4Q10 2.0 2.8 (1) Data from property level operator financial statements which
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: Operators
10 Real Estate Portfolio Diversification REAL ESTATE PORTFOLIO Owned and Loan Portfolio – Property and Asset Type Diversification Owned Portfolio – Operator Diversification (dollar amounts in thousands) Operator % % Extendicare REIT and Assisted Living Concepts, Inc 37 88,034 $ 12.1% 10,963 $ 13.1%
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. (2) Under Development Properties. See definition in the Glossary. (dollar a
Slide 12: Top Ten Operators — Owned Portfolio
12 Top Ten Operators — Owned Portfolio REAL ESTATE PORTFOLIO Extendicare REIT and Assisted Living Concepts, Inc (TSX: EXE.UN) operates 262 senior care facilities in Canada and in the United States with the ability to serve approximately 28,213 residents. EHSI offers a continuum of health care servic
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 per share, 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 p
Slide 14: Lease and Mortgage Loan Receivable Maturity
14 Lease and Mortgage Loan Receivable Maturity LTC’s investment portfolio has a long-term weighted roll-over maturity schedule. Over 77% of the portfolio has lease expirations beyond 2017. Over 22% of outstanding mortgage loans mature after 2017. FINANCIAL Investment Portfolio Maturity Schedule (as
Slide 15: Debt Maturity
15 Debt Maturity (in thousands) FINANCIAL $ - $ - $ 565 $ 565 - - 600 600 - 4,167 635 4,802 56,000 29,166 1,400 86,566 - 16,667 - 16,667 - 14,167 - 14,167 - 14,167 - 14,167 - 21,666 - 21,666 $ 56,000 $ 100,000 $ 3,200 $ 159,200 (1) (2) Year 2018 2012 2013 2014 Unsecured Line of Credit (2) Senior Uns
Slide 16: Financial Data Summary
16 Financial Data Summary FINANCIAL (dollar amounts in thousands) 12/31/09 12/31/10 12/31/11 Net Real Estate Assets $444,163 $515,983 $599,916 Total Assets 490,593 561,264 647,097 Total Debt 25,410 91,430 159,200 Total Liabilities 36,280 103,742 178,387 Preferred Stock 186,801 126,913 38,500 Total E
Slide 17: Financial Data Summary: Normalized EBITDA Reconciliation
17 Financial Data Summary FINANCIAL (dollar amounts in thousands) Non-Cash Rental Revenue Components $ 962 $ 639 $ 572 $ 573 $ 568 (165) (165) (165) (165) (165) $ 797 $ 474 $ 407 $ 408 $ 403 (1) 4Q12 (1) 4Q11 1Q12 (1) 2Q12 (1) 3Q12 (1) Straight-line rent Amort of lease inducement Net Projections bas
Slide 18: Consolidated Statements of Income
Consolidated Statements of Income 18 FINANCIAL (dollar amounts in thousands, except per share amounts) (unaudited) 2011 2010 2011 2010 Revenues Rental income 20,504 $ 16,996 $ 77,643 $ 64,351 $ Interest from mortgage loans 1,560 1,799 6,411 7,482 Interest and other income 234 1,025 1,106 1,863 Total
Slide 19: Consolidated Balance Sheets
Consolidated Balance Sheets 19 FINANCIAL (amounts in thousands) December 31, 2011 December 31, 2010 December 31, 2011 December 31, 2010 (unaudited) (unaudited) ASSETS LIABILITIES Real estate investments: Bank borrowings 56,000 $ 37,700 $ Land 57,093 $ 43,031 $ Senior unsecured notes 100,000 50,000 B
Slide 20: Funds from Operations
Funds from Operations 20 FINANCIAL (dollar amounts in thousands, except per share amounts)) 2011 2010 2011 2010 Net income available to common stockholders $ 11,656 $ 9,583 $ 39,832 $ 29,587 Add: Depreciation and amortization (continuing and discontinued operations) 5,141 4,162 19,623 16,109 Less: G
Slide 21: Glossary
21 GLOSSARY Glossary Adjusted Funds From Operations (“AFFO”): FFO excluding the effects of non - cash rental income. Assisted Living Properties (“ALF”) : Senior housing properties serving elderly persons who require assistance with activities of daily living, but do not require the constant supervis
Slide 22: Glossary
22 GLOSSARY Glossary Licensed Beds/Un its: The number of beds and/or units tha t an operator is authorized to operate at a senior housing property . Licensed b eds and/or u nits may differ from the number of beds and/or units in service at any given time. Net Real Estate Assets: G ross investment le
Slide 23: Glossary
23 GLOSSARY Glossary Same Property Portfolio (“SPP”) : S ame property statistics allow management to evaluate the performance of LTC’s leased property portfolio under a consistent population , which eliminates the changes in the composition of our portfolio of properties. We identif y our same prope