Invesque Inc · TSX:IVQ
Invesque — Investor Day (September 2018)
22 slides from Invesque's investor day presentation, Sep 12, 2018
Slide 1: Investor Day Ottawa
I N V E S T O R D AY O T TAWA September 12, 2018
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains forward-looking statements which reflect management’s expectations regarding objectives, plans, goals, strategies, future growth, performance and business prospects and opportunities of Invesque Inc. (the “Company” or “IVQ”). The words “plans”, “
Slide 3: Agenda
1. Phenix Professional Building 2. Carling Broadview Medical Building Agenda 3. Nepean Medical Centre 4. Kanata Medical Arts Building • Overview • Strategy • Finance • Q&A 3
Slide 4: Overview
OVERVIEW
Slide 5: Significant Growth in a Short Period of Time
Significant Growth in a 104 Short Period of Time 89 38 40 32 35 28 23 11 APR JUN OCT NOV DEC MAY DEC FEB JUL 2016 2016 2016 2016 2016 2017 2017 2018 2018 5 OVERVIEW
Slide 6: Growing the Asset Base ($ in Millions)
Growing the Asset $1,400 $1,300 Base ($ in Millions) $747 $680 $636 $575 $598 $443 $303 APR JUN OCT NOV DEC MAY DEC FEB JUL 2016 2016 2016 2016 2016 2017 2017 2018 2018 6 OVERVIEW
Slide 7: Accomplishments in 2018
Accomplishments in 2018 EXPANDING OUR TEAM TRANSFORMATIVE ACQUISITIONS CAPITAL MARKETS • Bryan Hickman • Close on Care • Care: ~$162 Million raised • Azin Lotfi • Close on Mohawk @ 9.75/share • Mohawk: ~$35 Million • Adam Zeiger raised @ 9.75/share • Lis Wigmore (Board) • Preferred Equity: $45 Milli
Slide 8: Unique Investment Opportunity
Unique Investment Opportunity Only health care real estate centric offering in Canada Only truly diversified platform (US or Canada) 8 OVERVIEW
Slide 9: Strategy
STRATEGY
Slide 10: Maniacal Focus on Diversification
Maniacal Focus on SNH SNF Diversification MOB 39% 21% 22% 52% 3% 79% 78% 97% 9% 2015 2016 2017 2018 10 S T R AT E G Y
Slide 11: Continued Diversification
Continued Diversification 20 Number of Operators 10 9 1 2015 2016 2017 2018 11 S T R AT E G Y
Slide 12: One Bed at a Time
One Bed at a Time Units/Beds 9,089 Portfolio Growth 4,940 4,343 2,301 2015 2016 2017 2018 12 S T R AT E G Y
Slide 13: Diversification by Geography
Diversification by Units/Beds 9,089 Geography Property Count 104 Portfolio Growth 4,940 4,343 40 2,301 34 10 2015 2016 2017 2018 13 S T R AT E G Y
Slide 14: Care Portfolio Transforms Invesque
Care Portfolio Transforms Invesque 42 Properties 35 SNH / 7 SNF > 3,700 Beds/Units 24 NNN $425 Million Added 8 States & 18 Joint Ventures 9 Operating Partners 14 S T R AT E G Y
Slide 15: Mohawk – Access to a New Asset Class
Mohawk – Access to a New Asset Class 90%+ occupied 545,000 FT2 Strong historical tenant retention (80%+) Significant pipeline for growth (i.e. Buffalo) 15 S T R AT E G Y
Slide 16: Meaningful Growth Opportunities
Meaningful Growth Opportunities Organic growth from operators Medical office building platform Development opportunities 16 S T R AT E G Y
Slide 17: Finance
FINANCE
Slide 18: Portfolio Snapshot
Platform Growth $30.0m Portfolio Snapshot $25.0m $20.0m Payout Ratio 76% Fixed Rate Debt 76% $15.0m Gross Book Value $1.4 Billion EBITDAR Coverage 1.2x $10.0m EBITDARM Coverage 1.5x Occupancy (NNN) 86% $5.0m $0.0m 2017 2018 Net Income FFO AFFO 18 S T R AT E G Y
Slide 19: G&A as a Percentage of Assets
2017 G&A as a Percentage Q2 YTD of Assets 30 bps 65 bps 2018 Q2 YTD 24 bps 45 bps 19 S T R AT E G Y
Slide 20: Leveraging the Platform and Creating Cost Savings
Leveraging the Platform and Creating Cost Savings Size Greater access to Lower cost Scale financial products of capital Diversification 20 FINANCE
Slide 21: Q&A
Q&A g Invesque
Slide 22: Thank You
THANK YOU g Invesque