Epr Properties · NYSE:EPR
Epr Properties — Q4 2021 Earnings Presentation
16 slides from Epr Properties's earnings presentation, Feb 22, 2022
Slide 1: Fourth Quarter 2021 Earnings Call
FOURTH QUARTER 2021 EARNINGS CALL February 23, 2022
Slide 2: Forward-Looking Statements
2 The financial results in this document reflect preliminary, unaudited results, which are not final until the Company’s Quarterly Report on Form 10-Q is filed. With the exception of historical information, certain statements contained or incorporated by reference herein may contain forward-looking
Slide 3: Introductory Comments
INTRODUCTORY COMMENTS 7 EPR ms Properties”
Slide 4: Portfolio Update
PORTFOLIO UPDATE Properties*
Slide 5: Portfolio Overview
5 PORTFOLIO OVERVIEW Education Portfolio 74 Properties; 8 Operators Occupancy at 100% *See Supplemental Operating and Financial Data – Fourth Quarter and Year Ended December 31, 2021 for definitions and calculations of these non-GAAP measures Experiential Portfolio 279 Properties; 41 Operators Occup
Slide 6: Theatres
6 THEATRES *BoxOfficeMojo $0.0 $2.5 $5.0 Mar Apr May June July Aug Sept Oct Nov Dec Strong Content Driving Recovery $760M+ Domestic Gross Spiderman: No Way Home 3rd Highest Domestic Grossing Film Ever* 2021 Box Office* Recovery (in billions, cumulative) Solid Film Slate for 2022 $4.48B
Slide 7: Portfolio Update
7 PORTFOLIO UPDATE Ski Demand fueled by strong season pass sales Eat & Play Continued strong performance in locations without COVID restrictions Attractions & Cultural Properties have recovered nicely; solid demand in 2022 Experiential Lodging Year-over-year growth in occupancy & ADR Fitness & Welln
Slide 8: Investment Spending
8 INVESTMENT SPENDING Return to Growth • Seeing increased opportunities throughout most verticals • Commenced two build-to-suit Topgolf projects – Ontario, CA – King of Prussia, PA • Acquired Movement Climbing-Fitness-Yoga in Chicago • Total investment in three projects will be $82M, funded $22M in
Slide 9: Financial Review
FINANCIAL REVIEW Properties*
Slide 10: Financial Highlights - Quarter
1 0 (In millions except per-share data) *See Supplemental Operating and Financial Data for the applicable periods for definitions and calculations of these non-GAAP measures FINANCIAL HIGHLIGHTS Financial Performance Quarter ended December 31, 2021 2020(1) $ Change % Change Total Revenue $154.9 $93.
Slide 11: Financial Highlights - Year
1 1 (In millions except per-share data) *See Supplemental Operating and Financial Data for the applicable periods for definitions and calculations of these non-GAAP measures FINANCIAL HIGHLIGHTS Financial Performance Year ended December 31, 2021 2020(1) $ Change % Change Total Revenue $531.7 $414.7
Slide 12: Favorable Debt Capital Market Activities
1 2 Favorable Debt Capital Market Activities • New $1.0B revolving credit facility that matures in October 2025 with options to extend for a total of 12 additional months; same pricing and covenants as previous with improved valuation of certain asset types • Subsequent to December 31, 2021 – Amende
Slide 13: Cash Collections
1 3 CASH COLLECTIONS *Contractual Cash Revenue = $137.5. Contractual cash revenue is an operational measure and represents aggregate cash payments to which the Company is entitled under existing contracts, excluding the impact of any temporary abatements or deferrals, percentage rent (rents received
Slide 14: 2022 Guidance
1 4 2022 GUIDANCE *See Supplemental Operating and Financial Data - Fourth Quarter and Year Ended December 31, 2021 for definition of this non-GAAP measure FFO AS ADJUSTED PER SHARE* Guidance $4.30 - $4.50 INVESTMENT SPENDING Guidance $500M - $700M DISPOSITION PROCEEDS Guidance $0M - $10M 10% MONTHLY
Slide 15: Closing Comments
CLOSING COMMENTS Properties’
Slide 16: EPR Properties contact information
EPR Properties 909 Walnut Street, Suite 200 Kansas City, MO 64106 www.eprkc.com 816-472-1700 info@eprkc.com