Slide 1: Supplemental Operating and Financial Data March 31, 2011 (Unaudited)
Bradenton, FL 60 licensed beds/22 units Supplemental Operating and Financial Data March 31, 2011 (Unaudited)
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 Real Estate Portfolio Diversification 8-10 Top Ten Operators - Owned Portfolio 11 Market Capitalization 12 Proforma Market C
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 Hilliard Lyons JMP Securities Richard Anderson John Roberts Peter Martin KeyBanc Capital Markets Stifel, Nicolaus & Company, Incorporated Karin Ford Jerry Doctrow Analyst Coverage Any opinions, estimates, or forecasts regarding LTC’s performance
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 1st Quarter 2011
6 Acquisitions: Year 2010 and 1st Quarter 2011 Newberry, SC 20 licensed beds/93 units Crowley, TX 120 licensed beds (dollars in thousands) REAL ESTATE PORTFOLIO # OF PROPERTIES ASSET CLASS (3) # BEDS/UNITS LOCATION 1 SNF 166 TX 1987-1988 (2) $ 7,850 $ 892 11.4% 1 SNF 120 FL 1988 9,000 997 11.1% 2 SN
Slide 7: Real Estate Portfolio Summary
7 Real Estate Portfolio Summary REAL ESTATE PORTFOLIO Real Estate Portfolio Snapshot Portfolio Statistics (1) Non-Cash Rental Revenue Components Owned Properties 4Q10 3Q10 4Q10 3Q10 4Q10 3Q10 Assisted Living (5) 77.7% 76.6% 1.31 1.33 1.53 1.55 Assisted Living (6) 88.4% 88.0% 1.38 1.44 1.63 1.70 Skil
Slide 8: Real Estate Portfolio Diversification
8 Real Estate Portfolio Diversification REAL ESTATE PORTFOLIO Owned and Loan Portfolio – Property and Asset Type Diversification Owned Portfolio – Operator Diversification
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 (1) Includes rental income and interest income from mortgage loans (continuing and discontinued operations). (dollars in thousan
Slide 10: Real Estate Portfolio Diversification
10 Real Estate Portfolio Diversification REAL ESTATE PORTFOLIO State Diversification – By Property Type (1) Due to master leases with properties in multiple states, revenue by state is not available. State (1) Texas 32,369 $ 10.5% 142,606 $ 40.8% 8,625 $ 12.9% - $ 0.0% 183,600 $ Florida 36,625 11.9%
Slide 11: Top Ten Operators – Owned Portfolio
11 Top Ten Operators – Owned Portfolio REAL ESTATE PORTFOLIO Sunrise Senior Living (NYSE: SRZ) operates 319 communities in the United States, Canada and the United Kingdom, with a total capacity of approximately 31,200 units. Sunrise offers a full range of personalized senior living services, includ
Slide 12: Market Capitalization
12 Market Capitalization (1) The Company had a $110 million revolving commitment with a $10 million accordion feature. Subsequent to March 31, 2011, we entered into a new $210 million revolving commitment with a $40 million accordion feature, with no scheduled maturities other than the maturity date
Slide 13: Proforma Market Capitalization
13 Proforma Market Capitalization FINANCIAL (1) The Company had a $110 million revolving commitment with a $10 million accordion feature. Subsequent to March 31, 2011, we entered into a new $210 million revolving commitment with a $40 million accordion feature, with no scheduled maturities other tha
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 76% of the portfolio has lease expirations beyond 2016. Over 42% of outstanding mortgage loans mature after 2016. (as a % of total gross owned investments and mortgage
Slide 15: Debt Maturity
15 Debt Maturity (in thousands) FINANCIAL $ - $ - $ 565 $ 565 - - 600 600 - 4,167 635 4,802 - 29,167 1,400 30,567 - 4,167 - 4,167 - 4,167 - 4,167 - 4,166 - 4,166 - 4,166 - 4,166 $ - $ 50,000 $ 3,200 $ 53,200 (1) (2) Thereafter Reflects amount outstanding at March 31, 2011. Subsequent to March 31, 20
Slide 16: Financial Data Summary
16 Financial Data Summary FINANCIAL Proforma 12/31/08 12/31/09 12/31/10 03/31/11 03/31/11 Net Real Estate Assets $449,683 $444,163 $515,983 $573,477 $573,477 Total Assets 506,053 490,593 561,264 635,428 616,543 Total Debt 36,753 25,410 91,430 53,200 123,200 Total Liabilities 45,041 36,280 103,742 16
Slide 17: Financial Data Summary
17 Financial Data Summary FINANCIAL Net income $ 43,284 $ 44,360 $ 46,053 $ 12,154 $ 11,837 Less: Gain on sale (92) - (310) - - Add: Interest expense 4,114 2,418 2,653 1,104 1,421 Add: Depreciation and amortization (including discontinued operations) 14,960 14,822 16,109 4,521 4,521 EBITDA 62,266 61
Slide 18: Funds from Operations
Funds from Operations 18 FINANCIAL 2011 2010 Net income available to common stockholders $ 5,393 $ 6,694 Add: Depreciation and amortization (continuing and discontinued operations) 4,521 3,860 FFO available to common stockholders 9,914 10,554 Add: Preferred stock redemption charge 3,566 (1) - Add: P