Sonida Senior Living, Inc. · NYSE:SNDA
Sonida Senior Living — Q2 2022 Earnings Presentation
13 slides from Sonida Senior Living's earnings presentation, Aug 12, 2022
Slide 1: A Leading Owner-Operator of Senior Living Communities and Services
A Leading Owner-Operator of Senior Living Communities and Services Investor Presentation August 12, 2022
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains forward-looking statements which are subject to certain risks and uncertainties that could cause the actual results and financial condition of Sonida Senior Living, Inc. (the “Company,” “we,” “our” or “us”) to differ materially from those indicat
Slide 3: Non-GAAP Financial Measures
Non-GAAP Financial Measures This presentation contains financial measures (1) same-store Resident Revenue, (2) same-store Adjusted Operating Expenses, (3) same-store Net Operating Income and (4) same-store Net Operating Income Margin which are not calculated in accordance with U.S. Generally Accepte
Slide 4: Leading Operator of Senior Housing and Services
Leading Operator of Senior Housing and Services 76 9,500+ 30+ 82.7% Communities Year 2022 YTD Weighted Avg 3,400+ Resident 62 Owned History Occupancy Employees Capacity 14 Managed 62 owned communities Attractive Markets and Resident Demographics 2 Attractive Private Pay Focus 2 15+ Communities 7,204
Slide 5: Q2 2022 Same Store Highlights
Q2 2022 Same Store Highlights Five consecutive quarters of occupancy and revenue growth NOI up 4.0% Occupancy up 510 sequentially bps YoY to 83.2% from Q1 ‘22 RevPAR(1) up 11.3% RevPOR(1) up 4.4% YoY and 2.0% from YoY and 0.8% from Q1 ‘22 Q1 ‘22 Contract labor decreased 41% from Q1 ’22 as workforce
Slide 6: 2022 Strategic Priorities
2022 Strategic Priorities Enhance revenue growth through investment in the resident experience and community physical plant Improved offerings developed for memory care, resident wellness and culinary experience Strategic capital improvements completed throughout 2022 support continued occupancy gro
Slide 7: Q2 2022 Same-Store Financial Comparisons
Q2 2022 Same-Store Financial Comparisons * Q-O-Q Y-O-Y 2Q22 1Q22 2Q21 Key Takeaways Change Change • Comparing the occupancy low point of the COVID-19 Weighted Average pandemic (March 2021), weighted average monthly 83.2% 82.3% 78.1% 90 bps 510 bps occupancy has increased 780 basis points to 83.3% at
Slide 8: Favorable Leading Indicators and Move-in Trends Continue
Favorable Leading Indicators and Move-in Trends Continue Leads Tours Move-Ins Move-Outs Solid lines show actual results. Dotted lines show average trend. Data for 60 Sonida Senior Living owned communities See Forward Looking Statements on Page 2 8
Slide 9: Five Consecutive Quarters of Occupancy Growth
Five Consecutive Quarters of Occupancy Growth 84.2% 83.8% 83.2% 82.3% 82.2% 82.2% 81.5% 81.3% 81.0% 80.6% 79.7% 79.3% 78.6% 78.1% 77.4% 76.7% 76.5% Q2 '20 Q3 '20 Q4 '20 75.5% Q1 '21 Q2 '21 Q3 '21 Q4 '21 Q1 '22 Q2 '22 Weighted Average Occupancy End of Period Spot Occupancy (1) Occupancy for 60 owned
Slide 10: Operating Metrics are Improving in Sequential Periods
Operating Metrics are Improving in Sequential Periods Weighted Average Occupancy Average Rent 3,672 3,643 85.0% 84.4% 84.2% 83.7% 3,601 83.2% 3,586 3,594 3,582 82.3% 3,577 3,577 81.5% 3,563 81.3% 3,559 81.0% 3,546 3,536 79.3% 3,518 78.1% 77.4% 75.5% Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1
Slide 11: Balance Sheet as of June 30, 2022
Balance Sheet as of June 30, 2022 Required Loan Principal Payments • June 30, 2022, ending balances of Including Term Mortgage Debt Maturities $32.7 million and $13.7 million in unrestricted cash and restricted cash, $198 M respectively. $152 M $156 M $114 M $6 M $12 M 2022 2023 2024 2025 2026 There
Slide 12: Favorable Demographic Trends Support Sonida's Growth Strategy
Favorable Demographic Trends Support Sonida’s Growth Strategy Estimated Population Growth Residential Care Community Residents Needing Most Common Chronic Conditions from 2010 to 2050 1 Assistance with Activities of Daily Living 2 Among Residential Care Community (in thousands) Residents 2 25,000 17
Slide 13: Sonida Senior Living
@ SOnIDa SENIOR LIVING At Sonida Senior Living, we bring quality senior living to life by focusing on what matters most. We provide comfortable, safe, affordable communities where residents can form friendships, enjoy new experiences and receive personalized care from dedicated team members who trea