Sonida Senior Living, Inc. · NYSE:SNDA
Sonida Senior Living — Capital Senior Living — Investor Presentation (August 2011)
18 slides from Sonida Senior Living's investor presentation, Aug 4, 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 communitiesIndustry enjoys favorable demographic and supply/demand trendsNeed driven business with strong cash flow generationExecuting on accretive growth initiatives through acquisitions and conversion
Slide 4: Company Overview
Company Overview Capital Senior Living operates 81 communities in 23 states with the ability to serve 11,500 residentsOperates in geographically concentrated markets CA. 407 AR. 173 AZ. 189 CT. 178 FL. 182 IA. 122 IL. 648 IN. 1,450 KS. 169 LA. 136 MI. 346 MN. 176 MO. 348 MS. 143 NC. 463 SC. 436 NE.
Slide 5: Resident Demographics at CSU Communities
Resident Demographics at CSU Communities Average age of resident: 85 yearsAverage age of resident moving in: 82 yearsAverage stay period: 2-3 yearsPercent 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 131 units per IL community with large common areas and amenitiesSupportive 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 Indep
Slide 7: The Capital Advantage: Senior Living Options - Assisted Living
The Capital Advantage: Senior Living Options Average 66 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 96% private pay Average length of resident stay is 2
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 2015Only 1.3 million units serving a population of 18.9 million seniorsCurrent 6.9% penetration rate implies demand growth of 40,000 units per year Current 6.9% penetration rate im
Slide 9: The Capital Advantage: Favorable Supply Trends
The Capital Advantage: Favorable Supply Trends New supply is constrained as construction starts are at a low level (CHART) (1) Source: Q2 11 NIC Map Data Construction Monitor for the top 31 metro markets 8
Slide 10: The Capital Advantage: Competitive Strengths
The Capital Advantage: Competitive Strengths Experienced on-site, regional, and corporate managementLarger company economies of scale and systems that yield operating efficiencies in highly fragmented industryStrong institutional relationships (debt and equity)Nimble platform and organizational stru
Slide 11: The Capital Advantage: Strategy
The Capital Advantage: Strategy Focus on our core strengthsMaximize the cash flow generated by our communities and our operationsEnhance geographic concentration and maximize competitive strengths within each of our marketsIncrease levels of care through conversions to AL or MC units and acquisition
Slide 12: 2011 Business Plan
2011 Business Plan Focused on operations, marketing and growth to enhance shareholder value through:Organic growthProactive expense managementAccretive acquisitions and conversionsUtilization of technology 11
Slide 13: 2011 Business Plan: Organic Growth
2011 Business Plan : Organic Growth Increase average rentsImprove occupanciesEach 1% generates $3M of revenue, $2M of EBITDAR and $0.05 per share of CFFOConvert 170 units to higher levels of care Incremental $5M of revenue and $3M of EBITDARCash flow enhancing renovations and refurbishmentsInternet
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) - Example of a $100.0 million acquisition 13
Slide 15: Income Statement: Q2 Comparison
Income Statement: Q2 11 Comparison Income Statement: Q2 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 June 30, 2011 (in millions) 15
Slide 17: Investment Highlights
Investment Highlights Favorable demographics and attractive industry fundamentalsExperienced management team with demonstrated ability to operate, acquire and create valuePredominately private pay with minimal federal regulationAccretive acquisitions in highly fragmented industryConversions to highe
Slide 18: Capital Senior Living Corporation
Capital Senior Living Corporation
Capital Senior Living — Investor Presentation (August 2011) on 6ix