Inventrust Properties Corp. · NYSE:IVT
Inventrust Properties — Investor Presentation (June 2018)
16 slides from Inventrust Properties's investor presentation, Jun 5, 2018
Slide 1: InvenTrust Properties Investor Presentation June 2018
, Inventrust INVESTOR PRESENTATION Properties June 2018
Slide 2: Forward Looking Statements
~— Forward Looking Statements Forward-Looking Statements in this presentation, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward- looking statements are statements that are not historical, including stat
Slide 3: Unique Retail Platform
nique Retail Platform Right Properties in the Right Markets with Multiple Growth Drivers Best-in-Class Balance Sheet o. Simple & Flexible co Maintain Net Debt / EBITDA of 4.0x - 5.0x Focused Portfolio In Sun Belt Markets o $3.5 Billion Retail REIT’ o Concentrating Portfolio into ~15 Core Markets wit
Slide 4: Balance Sheet Supports Future Growth
Available Unsecured Debt $300 million Net Debt to EBITDA! Target Net Debt to EBITDA Fixed Charge Coverage WAVG Debt Maturity 33 years Distribution Rate on NAV 2.3% Free Cash Flow after Dividends ~$30 million Debt Maturity Schedule 2018 2019 2020 2021 Mortgage Note Payable mi Unsecured Revolver Unsec
Slide 5: Open-Air Centers portfolio
81 Open-Air Centers 14.2 Mil SF GLA! Miami/Ft Lauderdale/ | West Palm Beach 05.3% @y InvenTrust —— 5 “Net? Properties
Slide 6: Strategically targeting Sun Belt markets
ically targeting Sun Belt markets ed in High Growth Markets ! Overall Estimated Portfolio Population & Job Growth 7A% ('18-'22) Population Growth Job Growth Peers* 63 60 Portfolio TAP Scores? IVT SS! Inventrust properties Peers: 6
Slide 7: The economy is strong and consumers are upbeat
The economy is strong and consumers are upbeat a) Unemployment at historical lows b) Inflation manageable } Consumer confidence in April 2018 at 18 year high 2. Brick and mortar stores continue to grow a) Chains operating more than 50 locations opened about 4,000 more stores than they closed in 2017
Slide 8: Portfolio Evolution to Grocery Anchored Assets
Portfolio Evolution to Grocery Anchored Assets
Slide 9: Capital Recycling Impact
ital Recycling Impact ity of its portfolio and operations with $2.3 billion of transaction volume since embarking on our capital recycling efforts in 2015. Dispositions completed completed since 2015 since 2015 # Properties 22 pa GLA? 4.1 million 7.1 million Value of Transactions $1.3 billion $1.0 b
Slide 10: Recent Acquisitions - Upgrading the Portfolio
~~ Recent Acquisitions — Upgrading the Portfolio The investable universe is shrinking, making high quality grocery-anchored centers more valuable PGA Plaza alm Beach Gi ns, FL ABR PSF - $33.05, Trader Joe’s anchored 94% occupied 3-mile Avg. HH Income - $97,429 3-mile Population - 64,044 Grocer Sales
Slide 11: Distribution Rate & Estimated Share Value
e & Estimated Share Value Annualized Distribution Rate Estimated Share Value (NAV) $3.40 wane Dnuovincconnatuntzaninaonnad $3.30 $0.0700 $0.0695 $3.20 $0.0675 $3.14 $3.14 $0.0675 $3.10 $0.0650 $3.00 2016 2017 2018 2016 2017 2018 & InvenTrust —— 11 Properties
Slide 12: Board of Directors & Management Team
‘oard of Directors & Management Team Paula J. Saban — (2004) Chairperson 25+ years of banking & financial services, including Bank of America Julian Whitehurst (2016) CEO of National Retail Properties with over 30 years of eetail real estate experience ‘Thomas Glavin (2007) Michael Stein (2016) CPA
Slide 13: Premium assets within select Sun Belt markets
Premium assets within select sun belt markets © Superior asset quality: $17.63 ABR PSF ' © Strong management team able to execute on focused strategic vision & drive operational excellence 6 Flexible capital structure supports growth: Net Debt/EBITDA target of 4.0x-5.0x o Continually evaluating vari
Slide 14: Appendix
appendix
Slide 15: Majority of Board Independent under NYSE Standards
Majority of Board Independent under NYSE Standards Formed Comp ion and inating C i under SEC and NYSE Standards blished Market-Based E: ‘ive and Director C Amended Code of Ethics and Business Conduct Program Ad: d Corporate idelines and New Policy Second “Say on Pay” App by Shareholders at Annual M
Slide 16: Footnotes and definitions
1 2. 3 1 2. 3 4 properties, (6) 100% Retail Fund |, LLC CIAGM", out joint venture with PGGM Private Real Estate Fund, {c) CDH CDO LLC and Concord Debt Holdings LLC, (d} Downtown Railyard Venture LLC, and (e}<ash and I Percentages include shadow-anchored grocery store tenants, Walm: Targel and wareho
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