Sonida Senior Living, Inc. · NYSE:SNDA
Sonida Senior Living — Capital Senior Living — Q1 2020 Earnings Presentation
17 slides from Sonida Senior Living's earnings presentation, May 21, 2020
Slide 1: Capital Senior Living
Capital Senior Living A leading Owner-Operator of Senior Living Communities and Services Exhibit 99.2
Slide 2: Forward-Looking Statements & Non-GAAP Financial Measures
Forward-Looking Statements & Non-GAAP Financial Measures Forward Looking Statements: The forward-looking statements in this presentation are subject to certain risks and uncertainties that could cause results and financial condition to differ materially from those indicated in the forward-looking st
Slide 3: Operational & Financial Highlights for Q1 2020
Operational & Financial Highlights for Q1 2020 The Company reached agreements with all three of its landlords for early terminations of its Master Leases. When the transitions are complete, the agreements are expected to improve the Company’s annual cash flow by approximately $22.0 million. The rela
Slide 4: COVID-19 Planning, Preparation, and Response
COVID-19 Planning, Preparation, and Response Our residents and employees’ safety and health is our first priority Established a multi-disciplinary COVID-19 Task Force in early Q1 Serves as an around-the-clock response team to supporting our communities Consistent virtual and on-site communication fr
Slide 5: Real-time Changes to Operating Model
Real-time Changes to Operating Model Revised and strengthened existing protocols and procedures tailored for prevention of infectious disease spread beginning in late January In addition, CDC and state health department guidelines fully implemented Diligent screening of all visitors, employees and r
Slide 6: Capital Senior Living at a Glance
Capital Senior Living at a Glance Dallas-based Capital Senior Living is one of the nation’s largest operators of independent living, assisted living and memory care communities for senior adults. Capital Senior Living provides seniors the freedom and opportunity to successfully, comfortably and happ
Slide 7: Building on Solid Foundation
Building on Solid Foundation STABILIZE INVEST NURTURE GROW Execution Excellence Resident-Centric Experience Commercial Excellence Market Opportunities Quality Systems & Analytics Operational Leadership Talent and Retention Scale Operating Standards Community upgrades and conversions to AL & MC Innov
Slide 8: 2019: Strengthened Operational Foundation
2019: Strengthened Operational Foundation Quality All assets “Rent ready” Rates stabilized, minimal discounting Care assessments & fees standardized Resident acuity guidelines confirmed Staffing models established Peer Review program implemented Systems & Analytics Transition to portfolio-wide opera
Slide 9: Strong Operator of Trusted Senior Living Communities
Strong Operator of Trusted Senior Living Communities Revenue Dollars In Millions Total # of Communities Operated NOI Dollars In Millions Historical Revenue and NOI growth largely through acquisition. In 2014, the company began converting assets from independent living to assisted living / memory car
Slide 10: Economies of Scale in a Highly-Fragmented Market
Senior Housing Operators (by Units) Economies of Scale in a Highly-Fragmented Market Capital Senior Living is one of the few operators able to Institute broad best practices Implement portfolio-wide differentiated programing Utilize scale to achieve cost saving efficiencies Leverage marketing effort
Slide 11: Market Forces: Aligning Strategy with Key Needs
Market Forces: Aligning Strategy with Key Needs Rise in dementia and other conditions requiring constant care & monitoring Changing Availability and proximity of family caregivers Local market senior housing demand and supply Regulatory and legislative climate with increased focus on senior well-bei
Slide 12: Real Estate Ownership a Key Differentiator
124 Total Properties 77 Total Properties Current properties reflect ownership after March 31st, 2020 divestiture of Towne Centre. Ownership Evolution Real Estate Ownership Provides Flexibility and Opportunities Value derived from owned real estate while capturing full benefit from operations Stronge
Slide 13: Balance Sheet as of March 31, 2020
Balance Sheet as of March 31, 2020 Assets ($ in millions) Cash and Securities $ 27.9 Other Current Assets 19.0 Total Current Assets 46.9 Fixed Assets 909.0 Other Assets 22.8 Total Assets $ 978.7 Liabilities & Equity ($ in millions) Current Liabilities $ 108.8 Long-Term Debt 902.6 Other Liabilities 0
Slide 14: Debt Maturities
$ in thousands Debt Maturities Average duration of debt is 5.7 years Approximately 83% of all debt matures in 2024 and after.
Slide 15: All NNN Leases Terminate On or Before 12/31/2020
All NNN Leases Terminate On or Before 12/31/2020 124 Total Properties CSU Portfolio Current properties reflect ownership after March 31st, 2020 divestiture of Towne Centre. Master lease terminates on 12/31/20 Rent reduced to 75% of contractual rate effective 2/1/20 Ventas to reimburse Company for up
Slide 16: Strong and Experienced Leadership
Strong and Experienced Leadership Kim Lody Carey Hendrickson Brandon Ribar Mike Fryar David Brickman Jeremy Falke Chief Executive Officer, President and Director Executive VP Chief Financial Officer Executive VP Chief Operating Officer Senior VP Chief Revenue Officer Senior VP General Counsel Senior
Slide 17: Investment Rationale
Investment Rationale Sizeable, fragmented markets with unmet needs Owner-operator model provides financial and operational advantages Top talent and emerging culture of learning, collaborating, and winning 30-years of experience caring for seniors Significant opportunity for near-term operational im
Capital Senior Living — Q1 2020 Earnings Presentation on 6ix