Sonida Senior Living, Inc. · NYSE:SNDA
Sonida Senior Living — Capital Senior Living — Investor Presentation (May 2012)
20 slides from Sonida Senior Living's investor presentation, May 3, 2012
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: Investment Highlights
Investment Highlights Value leader in providing quality seniors housing and care at reasonable prices Industry enjoys favorable demographic and supply/demand trends Substantially all private pay and need-driven business with strong cash flow generation Improving occupancy and revenue growth Executin
Slide 4: Company Overview
Company Overview Capital Senior Living operates 91 communities in geographically concentrated regions with the capacity to serve 12,600 residents CA. 408 AR. 173 AZ. 189 CT. 178 FL. 226 IA. 122 IL. 650 IN. 1,589 KS. 169 LA. 136 MI. 346 MN. 173 MO. 348 MS. 143 NC. 593 SC. 614 NE. 599 NJ. 98 NY. 387 O
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 5
Slide 6: The Capital Advantage: Senior Living Options - Independent Living
The Capital Advantage: Senior Living Options Average 120 units per IL community with large common areas and amenities Supportive services, wellness programs, social, recreational, and educational events Average monthly rate of $2,380 100% 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 67 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 $3,670 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 from 2009 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 (Population in milli
Slide 9: The Capital Advantage: Favorable Supply - Demand Trends
The Capital Advantage: Favorable Supply - Demand Trends Source: Seniors NIC MAP100 Trends 9
Slide 10: The Capital Advantage: Competitive Strengths
The Capital Advantage: Competitive Strengths Value leader in geographically concentrated regions Experienced on-site, regional, and corporate management Larger company economies of scale and proprietary systems that yield operating efficiencies in highly fragmented industry Strong institutional rela
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: 2012 Business Plan
2012 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 12
Slide 13: 2012 Business Plan: Organic Growth
2012 Business Plan : Organic Growth Increase average rents Each 3% increase generates $8.5M of revenue Improve occupancies Each 1% generates $3M of revenue, $2M of EBITDAR and $0.05 per share of CFFO Convert units to higher levels of care Incremental $6M of revenue and $3.6M of EBITDAR Cash flow enh
Slide 14: Operating Performance: Improving Occupancy Trends
Operating Performance 14 Improving Occupancy Trends Same Store Communities Financial Occupancy
Slide 15: Operating Performance: Revenue and EBITDAR growth
Operating Performance 15 Revenue and EBITDAR growth
Slide 16: 2012 Business Plan: External Growth
2012 Business Plan : External Growth Strategic acquisitions of high quality senior living communities to enhance geographic concentrations Economics from $75.6 million of acquisitions completed in 2012 Seven communities with 563 units Debt $54.8 Equity $20.8 Revenue $19.4 EBITDAR $8.0 Cash Flow From
Slide 17: Income Statement: Q1 Comparison
Income Statement: Q1 12 Comparison 2011 2010 % Increase Total Revenues $ 72.2 $ 59.8 20.7% Operating Expenses (42.1) (34.0) General & Administrative Expenses (3.3) (2.8) Other Expense (1.1) (2.5) EBITDAR $ 25.7 $ 20.5 25.3% % Margin 35.6% 34.3% Lease Expense (13.5) (11.4) Interest, Taxes and Other (
Slide 18: Balance Sheet
Balance Sheet ASSETS ASSETS Cash and Securities $ 26.8 Other Current Assets 26.1 Total Current Assets 52.9 Fixed Assets 413.8 Other Assets 39.8 TOTAL ASSETS $506.5 LIABILITIES & EQUITY LIABILITIES & EQUITY Current Liabilities $ 38.5 Long-Term Debt 270.8 Other Liabilities 27.0 Total Liabilities 336.3
Slide 19: Investment Highlights
Investment Highlights Favorable demographics and attractive industry fundamentals Value leader in geographically concentrated regions Experienced management team with demonstrated ability to operate, acquire and create value Substantially all private pay with minimal federal regulation Accretive acq
Slide 20: Capital Senior Living Corporation
Capital Senior Living Corporation
Capital Senior Living — Investor Presentation (May 2012) on 6ix