Sonida Senior Living, Inc. · NYSE:SNDA
Sonida Senior Living — Capital Senior Living — Investor Presentation (November 2013)
21 slides from Sonida Senior Living's investor presentation, Nov 4, 2013
Slide 1: Capital Senior Living Company Presentation
Capital Senior Living Company Presentation Exhibit 99.2
Slide 2: Forward-Looking Statements
2 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 co
Slide 3: Investment Highlights
3 Investment Highlights Value leader in providing quality seniors housing and care at reasonable prices Well positioned to make meaningful gains in shareholder value Substantially all private pay with strong cash flow generation Industry benefits from need-driven demand, limited new supply and impro
Slide 4: Company Overview
4 Company Overview Capital Senior Living operates 108 communities in geographically concentrated regions with the capacity to serve 14,300 residents
Slide 5: Resident Demographics at CSU Communities
5 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
Slide 6: The Capital Advantage: Senior Living Options (Independent Living)
6 The Capital Advantage: Senior Living Options Independent Living – 54% of Resident Capacity Average 115 units per IL community with large common areas and amenities Supportive services, wellness programs, social, recreational and educational events Average monthly rate of $2,475 100% private pay Av
Slide 7: The Capital Advantage: Senior Living Options (Assisted Living)
7 The Capital Advantage: Senior Living Options Assisted Living- 46% of Resident Capacity Average 66 units per community 73% of communities offer AL Assistance with activities of daily living including medication reminders, bathing, dressing and grooming Average monthly rate of $3,677 Substantially a
Slide 8: The Capital Advantage: Need Driven Demand
8 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 U.S. Seniors Populatio
Slide 9: The Capital Advantage: Limited New Supply
9 The Capital Advantage: Limited New Supply Source: Seniors NIC MAP100 Trends
Slide 10: The Capital Advantage: Senior Housing Occupancy Trends
10 The Capital Advantage: Senior Housing Occupancy Trends Source: Seniors NIC MAP100 Trends
Slide 11: The Capital Advantage: Competitive Strengths
11 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 Solid reputation in ind
Slide 12: The Capital Advantage: Strategy
12 The Capital Advantage: Strategy Focus on our core strengths Capitalize on competitive strengths within each of our regions to maximize the cash flow generated by our communities and our operations Capitalize on the fragmented nature of the senior living industry to strategically aggregate local a
Slide 13: 2013 Business Plan
13 2013 Business Plan Focused on Operations, marketing and growth to enhance shareholder value through: Organic growth Proactive expense Management Accretive acquisitions and unit conversions Utilization of technology
Slide 14: 2013 Business Plan: Organic Growth
14 2013 Business Plan: Organic Growth Increase average rents Each 3% increase generates $10.4M of revenue Improve occupancies Each 1% generates $3.5M of revenue, $2.5M of EBITDAR and $0.06 per share of CFFO Convert units to higher levels of care Cash flow enhancing renovations and refurbishments New
Slide 15: Operating Performance
15 Operating Performance Same-store comparable trends
Slide 16: 2013 Business Plan: External Growth
16 2013 Business Plan: External Growth 2012 2013 YTD Combined Strategic acquisitions of high quality senior living communities to enhance geographic concentrations - 17% cash on cash returns (in millions except number of communities and units) Purchase Price $181.3 $85.4 $266.7 Communities Units 1,3
Slide 17: Operating Performance: Revenue and EBITDAR growth
17 Operating Performance Revenue and EBITDAR growth EBITDAR increased 104.9% on an 83.7% increase in revenue EBITDAR margin increased from 29.9% in Q1 2010 to 35.2% in Q3 2013 * As adjusted in Q3 2013 earnings release
Slide 18: Income Statement: September YTD Comparison
18 Income Statement: September YTD Comparison 2013 2012 % Increase As adjusted in press releases Total Revenues $ 261.4 $ 227.3 15.0% Operating Expenses (153.5) (133.1) General & Administrative Expenses (13.8) (9.7) Other Expense (4.3) (3.7) EBITDAR $ 89.8 $ 80.8 11.1% % Margin 35.0% 35.6% Lease Exp
Slide 19: Balance Sheet
19 Balance Sheet ASSETS LIABILITIES & EQUITY As of September 30, 2013 (in millions) Cash and Securities $ 30.2 Other Current Assets 25.1 Total Current Assets 55.3 Fixed Assets 565.9 Other Assets 48.7 TOTAL ASSETS $ 669.9 Current Liabilities $ 54.4 Long-Term Debt 387.7 Other Liabilities 61.3 Total Li
Slide 20: Investment Highlights
20 Investment Highlights Value leader in geographically concentrated regions Substantially all private pay Need-driven demand , limited new supply and improving housing market Experienced management team with demonstrated ability to operate, acquire and create shareholder value Accretive acquisition
Slide 21: Capital Senior Living
Capital Senior Living Company Presentation
Capital Senior Living — Investor Presentation (November 2013) on 6ix