Nexliving Communities Inc · TSXV:NXLV
Nexliving Communities — Investor Presentation (December 2022)
18 slides from Nexliving Communities's investor presentation, December 2022
Slide 1: December 2022 Investor Presentation
December 2022 Investor Presentation
Slide 2: Disclaimer
Disclaimer Forward-Looking Information This presentation contains certain statements, which may constitute “forward looking information” under Canadian securities law requirements and “forward looking statements” under applicable securities laws (collectively, “forward-looking information”). Forward
Slide 3: NexLiving Communities At a Glance
NexLiving Communities At a Glance 867 98% +7.7% 8 Years Average Building Suites Occupancy SPNOI Age * As of September 30, 2022 * As of September 30, 2022 * YTD Q3 2022 * Excludes properties being repositioned $0.15 $0.23 4.97% Share Price NAV per Share Implied Cap Rate * As of December 6, 2022 * As
Slide 4: Corporate Overview
NexLiving communities inc.
Slide 5: Company Snapshot
Company Snapshot Description Annualized NOI and Margin NexLiving is focused on the acquisition and management of 6 ,5 0 0 6,025 65% multi-family rental properties in Atlantic Canada and Ontario: 5,425 5 ,5 0 0 4,577 • Targeting low and mid-rise properties, with close 4 ,5 0 0 4,251 3,777 60% proximi
Slide 6: Company History
Company History 2018 2019 2020 2021 2022 Q3 Q2 Q1 Q2 Q2 Current Raised $2.4mm of Second building (42 Acquired a three Acquired a property Rebranded to Two buildings (122 equity & convertible units) acquired for property (124 units) (20 units) for $7.3mm. NexLiving. units) acquired for debt capital a
Slide 7: Experienced Management Team and Board of Directors
Experienced Management Team and Board of Directors Management & Operating Team Board of Directors STAVRO STATHONIKOS, President & CEO RICHARD TURNER, Chairman • 15-year capital markets career with broad experience in the areas of • President and CEO of Titanstar Investment Group Inc. institutional e
Slide 8: Company Strategy
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Slide 9: The Secondary Market Opportunity
The Secondary Market Opportunity § Rising home prices and ownership costs, especially in core markets, driving higher rental absorption across the country § Target markets experiencing significant rent growth as a results of out-migration from Strong Macro major cities Backdrop § Increased federal i
Slide 10: NexLiving Capitalizing on Opportunity
NexLiving Capitalizing on Opportunity Acquire Increase Balanced Focused on Returns and Smart Asset Value Capital Structure Per Share Metrics § Acquire assets in secondary § Active property management § Create and manage a well § Growing NAV and FFO per markets with strong population laddered debt ma
Slide 11: Strong Track Record of Creating Value per Share
Strong Track Record of Creating Value per Share Nex has consistently grown NAV per share … … and FFO per share … $80 $0.23 $0.25 $0.22 0.52c 0.54c $70 0.33c 0.36c 0.31c $0.20 0.20c $60 $0.16 $50 $ Millions (0.22c) $0.15 $40 $0.10 (0.71c) $30 $0.10 $0.07 (1.01c) $20 (1.28c) $0.05 (1.58c) $10 Q1 Q2 Q3
Slide 12: New Brunswick Market
New Brunswick Market NexLiving he. aes Yr | |
Slide 13: Population Growth
Population Growth Atlantic Canada Population Growth 2007-2022 New Brunswick Population Growth 2008-2022 14,424 The Maritimes population grew at a faster pace than the Prairies for the first time since the 1940s 8,164 43,290 5,513 3,709 3,620 3,341 2,628 2,860 2,820 2,429 2,524 1,595 862 744 72 24,83
Slide 14: Greater Moncton Area Housing Statistics
Greater Moncton Area Housing Statistics Months of Inventory Unsustainable Home Prices up +70% since 2018 All-time Low Vacancy Rate Average 2-Bdrm Rents up +50% since 2018 8.3% $1,400 $1,200 5.9% 4.5% 3.7% $1,000 4.6% 3.3% 3.0% 2.1% 2.9% 2.8% $800 2.2% 1.5% $600 2016 2017 2018 2019 2020 2021 2016 201
Slide 15: Renting vs. Owning
Renting vs. Owning New Brunswick Mortgage / Rent Ratio Home Prices in Canadian Cities % Change y/y % Change m/m % Change $2,500 1.60x Metropolitan area (SA) (SA) from peak Moncton, NB 22.90% 2.00% -2.20% Sudbury, ON 18.40% 0.10% -7.40% 1.50x Saint John, NB 18.20% 6.90% -6.70% $2,000 1.41x Sherbrooke
Slide 16: Peak to Trough Home Prices
Peak to Trough Home Prices Rapid Declines in home prices that saw large increases ahead of rate hike TSXV: NXLV 16
Slide 17: Financial Summary
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Slide 18: Balanced Capital Structure
Balanced Capital Structure Current Capitalization – December 6, 2022 Debt Maturity Profile $35 4.28% 4. 75% 4. 25% $30 3.59% 3. 75% 3.14% $25 3. 25% $ Millions $20 2.27% 2.31% 2. 75% 2.05% 2. 25% $15 1. 75% $10 1. 25% 0. 75% $5 0. 25% $- - 0.25 % 2023 2024 2025 2026 2027 Thereafter Mo rtgage Debt WA
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