American Healthcare Reit, Inc. · NYSE:AHR
American Healthcare Reit — Investor Presentation (February 2024)
20 slides from American Healthcare Reit's investor presentation, February 2024
Slide 1: Management Presentation to Stockholders
M A N A G E M E N T P R E S E N TAT I O N TO S TO C K H O L D E R S
Slide 2: Disclaimers
DISCLAIMERS This presentation has been prepared by American Healthcare REIT, Inc. (“AHR”, the “Company,” “we,” “our” or “us”). FORWARD-LOOKING STATEMENTS Certain statements herein may be considered “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amend
Slide 3: Disclaimers
DISCLAIMERS NON-GAAP FINANCIAL MEASURES This presentation includes certain financial measures, such as net operating income (“NOI”), cash NOI and Same-Store NOI, that are calculated and presented on the basis of methodologies other than in accordance with GAAP. Other companies may use similarly titl
Slide 4: Presenters
PRESENTERS Danny Prosky Brian Peay President & CEO CFO 31 35 Years of Experience Years of Experience / 4
Slide 5: Company Update
COMPANY UPDATE
Slide 6: Diversified High-Quality Portfolio
DIVERSIFIED HIGH-QUALITY PORTFOLIO 1(as of 6/30/23) DIVERSIFICATION THESIS 54% RI D E • Powerful secular trend of increasing healthcare usage is expected A /O to benefit all healthcare real estate asset classes PE MOB ISHC/ R AT I Trilogy • Diversified payor mix increases cash flow reliability throu
Slide 7: Operating Portfolio Trends
OPERATING PORTFOLIO ORGANIC GROWTH TRENDS STRONG SENIOR HOUSING FUNDAMENTALS (as of 6/30/2023) FUNDAMENTALS ARE FAVORABLE AS DEMAND INCREASES AND NEW SUPPLY SLOWS OVER 80 POPULATION IS GROWING1 ASSISTED LIVING CONSTRUCTION STARTS AT LOWEST (in millions) LEVEL SINCE 20102 25 6.9 million increase - 49
Slide 8: Operating Portfolio Organic Growth Strong Performance
PORTFOLIO ORGANIC GROWTHSTRONG GROWTH RELATIVE TO PEERS 1PERFORMANCE PORTFOLIO GROWTH OPERATING Operating Portfolio (SHOP & ISHC/Trilogy) has shown substantial year-over-year occupancy, revenue and NOI growth PORTFOLIO driving opportunity for increased stockholder value. OPERATING PORTFOLIO (AHR SHO
Slide 9: External Growth Multiple Avenues with Identified Investments
EXTERNAL GROWTH MULTIPLE AVENUES WITH IDENTIFIED INVESTMENTS SEVERAL LEVERS TO DRIVE POTENTIAL EXTERNAL GROWTH AT THE OPPORTUNE TIME WITH STRONG BALANCE SHEET AND CAPITAL FROM THE OFFERING 1 2 3 4 5 TRILOGY CAPTIVE DEVELOPMENT GROW WITH EXISTING OPPORTUNISTIC CAPITAL BUYOUT PIPELINE OPERATORS SENIOR
Slide 10: SHOP Case Study: Distressed Seller
SHOP – CASE EXTERNAL GROWTH STUDY CASE STUDY: DISTRESSED SELLER PARTNERED WITH EXISTING OPERATOR TO ACQUIRE DISTRESSED PORTFOLIO SSMG SNAPSHOT • Headquarters: Suwanee, Georgia • 17 properties/1,490 units managed for AHR • 37 total facilities operated • In December 2022, took ownership of a TEXAS 7 P
Slide 11: Offering Overview & Strategy
OFFERING OVERVIEW & STRATEGY
Slide 12: Offering Terms & Considerations
OFFERING TERMS & CONSIDERATIONS SUMMARY OF CERTAIN TERMS • • GROSS OFFERING PROCEEDS1: $772,800,000 SHARES ISSUED: 64,400,000 LISTED NYSE: AHR • PRICE: $12.00/share • EST. DIVIDEND2: $1.00/share annually • LISTING DATE: February 7, 2024 KEY CONSIDERATIONS Healthcare REIT Share Price Performance CERT
Slide 13: Key Takeaways and FAQs from AHR's NYSE Listing and Public Offering
KEY TAKEAWAYS AND FAQs FROM AHR’s NYSE LISTING AND PUBLIC OFFERING Certain Key Takeaways • AHR proceeded with a public offering and NYSE listing as management and the Board of Directors felt it would be in the best interests of the company and its stockholders to raise capital in connection with a l
Slide 14: Appendix
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Slide 15: Defined Terms
DEFINED TERMS “DOC” means Physicians Realty Trust. “Grant Income” means stimulus funds granted to us through various federal and state government programs, such as the CARES Act, established for eligible healthcare providers to preserve liquidity in response to lost revenues and/or increased healthc
Slide 16: Non-GAAP Reconciliation
NON-GAAP RECONCILIATION NOI is a non-GAAP financial measure that is defined as net income (loss), computed in accordance with GAAP, generated from properties before general and administrative expenses, business acquisition expenses, depreciation and amortization, interest expense, gain or loss on di
Slide 17: Non-GAAP Reconciliation (Cont'd)
NON-GAAP RECONCILIATION (CONT’D) The following is a reconciliation of NOI (excluding Grant Income) to Cash NOI and Same-Store NOI (relating to Same-Store properties from the second quarter of 2022) for the quarterly periods presented below: Three Months Ended Nine Months Ended (in thousands, 000s) S
Slide 18: Non-GAAP Reconciliation (Cont'd)
NON-GAAP RECONCILIATION (CONT’D) Three Months Ended Nine Months Ended (in thousands, 000s) September 30, 2023 June 30, 2023 March 31, 2023 December 31, 2022 September 30, 2022 September 30, 2023 September 30, 2022 Integrated Senior Health Campuses NOI (excluding Grant Income) $ 36,728 $ 34,160 $ 33,
Slide 19: Non-GAAP Reconciliation (Cont'd)
NON-GAAP RECONCILIATION (CONT’D) The following is a reconciliation of NOI (excluding Grant Income) to Cash revenue and Same-Store cash revenue (relating to Same-Store properties) for the quarterly periods presented below: Three Months Ended Nine Months Ended (in thousands, 000s) September 30, 2023 J
Slide 20: Non-GAAP Reconciliation (Cont'd)
NON-GAAP RECONCILIATION (CONT’D) Three Months Ended Nine Months Ended (in thousands, 000s) September 30, 2023 June 30, 2023 March 31, 2023 December 31, 2022 September 30, 2022 September 30, 2023 September 30, 2022 Integrated Senior Health Campuses GAAP revenue $ 373,355 $ 369,237 $ 361,770 $ 360,279
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