Sonida Senior Living, Inc. · NYSE:SNDA
Sonida Senior Living — Q1 2022 Earnings Presentation
14 slides from Sonida Senior Living's earnings presentation, May 23, 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 May 23rd, 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 indica
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+ 81.8% Communities Year 2022 YTD Weighted Avg 3,000+ 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: Q1 2022 Highlights
Q1 2022 Highlights Same-Store Growth Talent Four consecutive quarters of Further strengthened leadership team with new occupancy and revenue growth talent, including Chief Financial Officer and Chief Accounting Officer NOI up 13.3% Occupancy up 680 sequentially from Q4 bps YoY to 82.3% ‘21 Financial
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 Capital improvements completed throughout 2022 support continued occupancy growth Improv
Slide 7: Q1 2022 Same-Store Financial Comparisons
Q1 2022 Same-Store Financial Comparisons * Q-O-Q Y-O-Y 1Q22 4Q21 1Q21 Key Takeaways Change Change • Comparing the occupancy low point of the COVID- Weighted Average 100 680 19 pandemic (March 2021), weighted average 82.3% 81.3% 75.5% Occupancy bps bps monthly occupancy has increased 710 basis points
Slide 8: Favorable Leading Indicators and Move-in Trends Continue
Apr '20 Apr '20 May '20 May '20 Jun '20 Jun '20 Jul '20 Jul '20 Aug '20 Aug '20 Sep '20 Sep '20 Oct '20 Oct '20 Nov '20 Nov '20 Dec '20 Dec '20 Jan '21 Jan '21 Feb '21 Feb '21 Mar '21 Mar '21 Leads Apr '21 Apr '21 Move-Ins May '21 May '21 Jun '21 Jun '21 Jul '21 Jul '21 Aug '21 Aug '21 Sep '21 Sep '
Slide 9: Four Consecutive Quarters of Occupancy Growth
Four Consecutive Quarters of Occupancy Growth 83.8% 83.7% 82.9% 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% 75.5% Q1 '20 Q2 '20 Q3 '20 Q4 '20 Q1 '21 Q2 '21 Q3 '21 Q4 '21 Q1 '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 Resident Revenue (1) Net Operating Income Margin(1) Data for 60 Owned Communities (1) Amounts are not calculated in accordance with GAAP. See page 3 for the Company’s disclosure regarding non-GAAP financial
Slide 11: Balance Sheet as of March 31, 2022
Balance Sheet as of March 31, 2022 Required Loan Principal Payments • March 31, 2022 ending balances of Including Terminal Mortgage Debt Maturities $48.6 million and $4.0 million in unrestricted cash and restricted cash, $198 M respectively. $194 M • As previously announced, the $152 M Company furth
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: Near-Term Operating Environment
Q1 Key Takeaways Near-Term Long Term Operating Outlook Environment Occupancy and rate growth continued in Q1 ‘22 supporting the expectation Recent Positive Sharply accelerating growth of 80+ cohort: 4.1% population for NOI growth in 2022 Momentum CAGR expected from 2020 to 20301 Strong positiv
Slide 14: 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