Sonida Senior Living, Inc. · NYSE:SNDA
Sonida Senior Living — Capital Senior Living — Investor Presentation (November 2011)
18 slides from Sonida Senior Living's investor presentation, Nov 3, 2011
Slide 1: Capital Senior Living Corporation
Capital Senior Living Corporation
Slide 2: Forward-Looking Statements
Forward-Looking Statements The forward-looking statements in this presentation are subject to certain risks and uncertainties that could cause results to differ materially, including, but not without limitation to, the Company's ability to complete the refinancing of certain of our wholly owned comm
Slide 3: Company Overview
Company Overview Capital Senior Living is one of the nation's largest operators of senior living communities Industry enjoys favorable demographic and supply/demand trends Substantially all private pay and need-driven business with strong cash flow generation Executing on accretive growth initiative
Slide 4: Company Overview: Communities in 23 States
Company Overview Capital Senior Living operates 84 communities in 23 states with the ability to serve 12,000 residents Operates in geographically concentrated regions CA. 407 AR. 173 AZ. 189 CT. 178 FL. 226 IA. 122 IL. 650 IN. 1,475 KS. 169 LA. 136 MI. 346 MN. 173 MO. 348 MS. 143 NC. 593 SC. 614 NE.
Slide 5: Resident Demographics at CSU Communities
Resident Demographics at CSU Communities Average age of resident: 85 years Average age of resident moving in: 82 years Average stay period: 2-3 years Percent of female residents: 80% Resident turnover is primarily attributed to death or need for higher care 4
Slide 6: The Capital Advantage: Senior Living Options - Independent Living
The Capital Advantage: Senior Living Options Average 121 units per IL community with large common areas and amenities Supportive services, wellness programs, social, recreational, and educational events Average monthly rate of $2,350 100% private pay Average length of resident stay is 34 months Inde
Slide 7: The Capital Advantage: Senior Living Options - Assisted Living
The Capital Advantage: Senior Living Options Average 59 units per AL community 70% of communities offer AL units Assistance with activities of daily living such as medication reminders, bathing, dressing and grooming Average monthly rate of $3,600 Substantially all private pay Average length of resi
Slide 8: The Capital Advantage: Favorable Demographics
The Capital Advantage: Favorable Demographics U.S. population 75+ years old is estimated to grow by 3.5 million through 2015 Only 1.3 million units serving a population of 18.9 million seniors Current 6.9% penetration rate implies demand growth of 40,000 units per year Current 6.9% penetration rate
Slide 9: The Capital Advantage: Favorable Supply-Demand Trends
The Capital Advantage: Favorable Supply - Demand Trends Source: Seniors NIC MAP100 Trends 8 (CHART)
Slide 10: The Capital Advantage: Competitive Strengths
The Capital Advantage: Competitive Strengths Experienced on-site, regional, and corporate management Larger company economies of scale and systems that yield operating efficiencies in highly fragmented industry Strong institutional relationships (debt and equity) Nimble platform and organizational s
Slide 11: The Capital Advantage: Strategy
The Capital Advantage: Strategy Focus on our core strengths Maximize the cash flow generated by our communities and our operations Enhance geographic concentration and maximize competitive strengths within each of our markets Increase levels of care through conversions to AL or MC units and acquisit
Slide 12: 2011 Business Plan
2011 Business Plan Focused on operations, marketing and growth to enhance shareholder value through: Organic growth Proactive expense management Accretive acquisitions and conversions Utilization of technology 11
Slide 13: 2011 Business Plan: Organic Growth
2011 Business Plan : Organic Growth Increase average rents Improve occupancies Each 1% generates $3M of revenue, $2M of EBITDAR and $0.05 per share of CFFO Convert 170 units to higher levels of care Incremental $5M of revenue and $3M of EBITDAR Cash flow enhancing renovations and refurbishments Inte
Slide 14: 2011 Business Plan: External Growth
2011 Business Plan : External Growth Strategic acquisitions of primarily AL communities to enhance geographic concentrations geographic concentrations geographic concentrations (in millions) - Economics of $83.4 million of recently completed acquisitions 13
Slide 15: Income Statement: Q3 Comparison
Income Statement: Q3 11 Comparison Income Statement: Q3 11 Comparison As adjusted in press releases (in millions, except per share) 14
Slide 16: Balance Sheet
Balance Sheet Balance Sheet Balance Sheet As of September 30, 2011 (in millions) 15
Slide 17: Investment Highlights
Investment Highlights Favorable demographics and attractive industry fundamentals Experienced management team with demonstrated ability to operate, acquire and create value Substantially all private pay with minimal federal regulation Accretive acquisitions in highly fragmented industry Conversions
Slide 18: Capital Senior Living Corporation
Capital Senior Living Corporation
Capital Senior Living — Investor Presentation (November 2011) on 6ix