National Healthcare Properties, Inc. · NASDAQ:NHP
National Healthcare Properties — Healthcare Trust — IPO Roadshow (November 2019)
23 slides from National Healthcare Properties's IPO roadshow presentation, Nov 27, 2019
Slide 1: Healthcare Trust, Inc. Third Quarter 2019 Investor Presentation
1 Healthcare Trust, Inc. Third Quarter 2019 Investor Presentation November 2019
Slide 2: Disclaimer
2 Disclaimer Healthcare Trust ("HTI") has filed a registration statement (including a prospectus) (the “Registration Statement”) with the Sec urities and Exchange Commission (the “SEC”) for the offering pursuant to which this presentation relates. Before you invest, you should read the p ros pectus
Slide 3: Term Sheet
3 Term Sheet Issuer Healthcare Trust, Inc. (the “Issuer”) Security Series A Cumulative Redeemable Perpetual Preferred Stock (the “Series A Preferred Stock”) Proposed Ticker / Exchange HTIA / NASDAQ Offering Size $35,000,000 (1) Shares Offered 1,400,000 (1) Overallotment Option 15% Liquidation Prefer
Slide 4: Strategic Overview
4 Strategic Overview (1) Based on total real estate investments, at cost of $2.5 billion, assets held for sale at carrying value of $70.7 million, net of gross market lease intangible liabilities of $22.9 million as of September 30, 2019. (2) Based on NOI for the nine months ended September 30, 2019
Slide 5: Portfolio Snapshot
5 (1) Based on square feet as of September 30, 2019, excludes SHOP. Including SHOP, occupancy was 89.0% as of September 30, 2019 an d 8 9.7% as of September 30, 2018. (2) Based on total real estate investments, at cost of $2.5 billion, assets held for sale at carrying value of $70.7 million, net of
Slide 6: Dynamic Portfolio Fundamentals
6 Other 27% FL 15% PA 13% GA 7% IA 7% MI 7% IL 6% WI 6% CA 4% AZ 4% AR 4% 48% 43% 9% MOB SHOP NNN Dynamic Portfolio Fundamentals HTI is focused on deploying capital into select high quality assets located throughout the United States Select Geographic Mix (1) Based on NOI for the nine months ended S
Slide 7: Strategic Partners
7 x DaVita (NYSE: DVA) and Fresenius (NYSE: FMS) are industry leading publicly traded companies with a combined market cap of over $30 billion x UPMC is a leading health enterprise with over 85,000 employees and 600 clinical locations x The SHOP portfolio features an offering of core operating brand
Slide 8: Closed Transactions and Acquisition Pipeline
8 Closed on $45 million of acquisitions in Q3’19 including a three property portfolio of high quality MOBs for $12 million at a weighted average Cap Rate of 7.3% and a 80,000 square foot SHOP property for $33 million Closed Transactions (as of September 30, 2019) Property Type State Number of Proper
Slide 9: Debt Capitalization
9 Debt Capitalization (1) ($mm) Mortgage Notes Payable $443 Fannie Mae Master Revolving Credit Facilities $359 Total Secured Debt $802 Credit Facility – Revolving Credit Facility and Term Loan (2) $314 Total Unsecured Debt (2) $314 Total Debt $1,116 Weighted Average Interest Rate (3) 4.5% Key Capita
Slide 10: Enhanced Operating Performance
10 4.5% 4.4% Q3 2018 Q3 2019 $8 $11 Q3 2018 Q3 2019 Enhanced Operating Performance HTI remains focused on increasing earnings while driving down cost of debt Funds From Operations (FFO) Net Operating Income (NOI) Revenues from Tenants Mortgage Interest Rate $31 $35 Q3 2018 Q3 2019 $90 $95 Q3 2018 Q3
Slide 11: Experienced Leadership Team
11 Experienced Leadership Team Katie Kurtz Chief Financial Officer, Secretary, and Treasurer Ms . Kurtz currently serves as the Chief Financial Officer, Treasurer and Secretary of the Company . Ms . Kurtz is also Chief Financial Officer for American Finance Trust, Inc . (NASDAQ : AFIN) . She is a ce
Slide 12: Dedicated SHOP Team
12 Dedicated SHOP Team Kimberly Holmes: VP – Operational Analytics ▪ 25 year career in senior housing and hospitality ▪ Her work on financial analysis, planning and benchmarking will translate into operational plans and action items for the portfolio Susan K. Rice, RN: VP – Clinical Operations ▪ 30
Slide 13: Board of Directors
13 Board of Directors Lee M. Elman Independent Director Independent director of the Company since August 2015 Founder & President of Elman Investors Inc., an international real - estate investment bank 40+ years of real estate investment experience in the US and abroad Mr. Elman holds a J.D. from Ya
Slide 14: Company Highlights
14 Company Highlights HTI remains focused on growing the Company’s high quality MOB and SHOP portfolio while maintaining moderate leverage x High Quality Portfolio of 193 healthcare properties comprised of 48% MOB, 43% SHOP and 9% NNN properties (1) x Robust Acquisition Program of $198.6 million of
Slide 15: Legal Notice
15 Legal Notice
Slide 16: Forward Looking Statements
16 Forward Looking Statements Certain statements made in this presentation are “forward - looking statements” (as defined in Section 21E of the Exchange Act), w hich reflect the expectations of the Company regarding future events. The forward - looking statements involve a number of risks, uncertain
Slide 17: Forward Looking Statements (Continued)
17 Forward Looking Statements (Continued) • We are depending on our Advisor to select investments and conduct our operations. Adverse changes in the financial condition of our Advisor and its affiliates or our relationship with our Advisor could adversely affect us. • We are obligated to pay fees, w
Slide 18: Appendix
18 Appendix
Slide 19: Definitions
19 Definitions FFO : We define FFO, a non - GAAP measure, consistent with the standards established over time by the Board of Governors of NAREIT, as restated in a White Paper and approved by the Board of Governors of NAREIT effective in December 2018 (the "White Paper") . The White Paper defines FF
Slide 20: Reconciliation of Non-GAAP Metrics: FFO
20 Reconciliation of Non - GAAP Metrics: FFO Funds from Operations (FFO) Reconciliation Schedule Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2019 2018 2019 2018 Net loss attributable to stockholders (in accordance with GAAP) ($28,789) ($29,607) ($39,954) ($42,548)
Slide 21: Reconciliation of Non-GAAP Metrics: NOI
21 Reconciliation of Non - GAAP Metrics: NOI Three Months Ended September 30 , 2019 (In thousands) Medical Office Buildings Triple - Net Leased Healthcare Facilities Seniors Housing — Operating Properties Consolidated Revenue from tenants $ 25,672 $ 3,783 $ 65,985 $ 95,440 Property operating and mai
Slide 22: Reconciliation of Non-GAAP Metrics: NOI Nine Months
22 Reconciliation of Non - GAAP Metrics: NOI Nine Months Ended September 30 , 2018 (In thousands) Medical Office Buildings Triple - Net Leased Healthcare Facilities Seniors Housing — Operating Properties Consolidated Revenue from tenants $ 73,383 $ 14,779 $ 182,424 $ 270,586 Property operating and m
Slide 23: HealthcareTrustInc.com
23 HealthcareTrustInc.com ▪ For account information, including balances and the status of submitted paperwork, please call us at (866) 902 - 0063 ▪ Financial Advisors may view client accounts, statements and tax forms at www.dstvision.com ▪ Shareholders may access their accounts at www.ar - global.c