Sonida Senior Living, Inc. · NYSE:SNDA
Sonida Senior Living — Capital Senior Living — Investor Presentation (July 2021)
16 slides from Sonida Senior Living's investor presentation, Jul 22, 2021
Slide 1: Strategic Investment from Conversant Capital and Proposed Rights Offering
Exhibit 99.1 Capital Senior Living Announces Strategic Investment from Conversant Capital and Proposed Rights Offering to Raise Up to $152.5 Million Investor Presentation July 22, 2021Exhibit 99.1 Capital Senior Living Announces Strategic Investment from Conversant Capital and Proposed Rights Offeri
Slide 2: Forward-Looking Statements & Non-GAAP Financial Measures
Forward-Looking Statements & Non-GAAP Financial Measures Forward Looking Statements: The forward-looking statements in presentation are subject to certain risks and uncertainties that could cause the Company’s actual results and financial condition to differ materially, including, but not limited to
Slide 3: Important Information
Important Information No Offer or Solicitation /Additional Information and Where to Find It This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of any securities in any state or other jurisdiction in which such offe
Slide 4: Leading Operator of Seniors Housing and Services
Leading Operator of Seniors Housing and Services 68 30+ 6,000+ 76.8% 3,200+ Communities 3 Year YTD 2021 Avg Occupancy Residents Employees 60 Owned History Served 60 owned communities 8 Managed Attractive Markets and Resident Attractive Private Pay 1,2 1 15+ Communities Demographic Focus 6,881 Units
Slide 5: Business Update
Business Update 5Business Update 5
Slide 6: Strong Leading Indicators Support 2021 Occupancy Recovery
Strong Leading Indicators Support 2021 Occupancy Recovery Leads Tours COVID-19 COVID-19 Vaccine Vaccine Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun '20 '20 '20 '20 '20 '20 '20 '20 '20 '20 '20 '20 '21
Slide 7: Outperforming Peers Through Challenging Environment
Outperforming Peers Through Challenging Environment • COVID-19 Pandemic has had a material impact on senior housing operations throughout the industry • Capital Senior Living continues to outperform peers in this challenging environment, with a less pronounced occupancy decline through the trough in
Slide 8: Transaction Overview
Transaction Overview 8Transaction Overview 8
Slide 9: Partnering with Conversant Capital to Recapitalize the Company & Position it for Growth
Capital Senior Living is Partnering with Conversant Capital to Recapitalize the Company & Position it for Growth Capital Senior Living is pleased to announce a strategic investment from Conversant Capital. This comes at a pivotal time as the industry turns the corner from the pandemic and the manage
Slide 10: Transforming Itself Into a Low Risk – High Growth Company
Capital Senior Living is Transforming Itself Into a Low Risk – High Growth Company Capital Senior Living Then Capital Senior Living Now • 80+ population growth of 1.3% from 2010 to 2019 as the Senior Housing • Sharply accelerating growth of 80+ cohort: 4.1% population relatively small 1928-1940 gene
Slide 11: Transaction Summary
Transaction Summary • Up to approximately $152.5 million capital raise through the private placement of convertible stock with Conversant Investment (1) Capital (“Conversant”) and a proposed common stock rights offering to existing stockholders Summary • Incremental $25 million accordion from Conver
Slide 12: Transaction Benefits and Strategic Rationale
Transaction Benefits and Strategic Rationale Structure Provides Injects Liquidity and Positions Company to Certainty and Opportunity Fortifies Balance Sheet Benefit from Recovery for Existing Stockholder Participation Adds Working Capital and Investment in Existing Properties Conversant Backstop Pro
Slide 13: Injects Liquidity and Fortifies Balance Sheet
Injects Liquidity and Fortifies Balance Sheet Debt Maturity Schedule as of 6/30/2021 • Approx. $17.3M $ 296.9 M interim loan The proposed investment will immediately adds substantially enhance the Company’s working capital into the balance sheet and improve liquidity by providing working capital and
Slide 14: Provides Capital to Accelerate Occupancy Recovery and Market Penetration
Provides Capital to Accelerate Occupancy Recovery and Market Penetration With the availability of new capital, Capital Senior Living intends to pursue a pipeline of identified potential investments in its current portfolio with attractive expected return on investment in the mid-teens. • Common area
Slide 15: Illustrative Uses of Capital
Illustrative Uses of Capital Pro forma for the transaction, we believe Capital Senior Living will be capitalized for growth and sustainable, long-term value creation Use Timing Est. $MM § Execute on pipeline of identified investments in existing portfolio Current Portfolio § High-impact community re
Slide 16: Summary
Summary The senior living industry is at an inflection point: it is recovering from Industry Dynamics the COVID-19 led downturn with a favorable long-term outlook Capital Senior Living Capital Senior Living continues to outperform peers in the challenging Performance environment Capital Senior Livin
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