Nexliving Communities Inc · TSXV:NXLV
Nexliving Communities — Investor Presentation (April 2022)
24 slides from Nexliving Communities's investor presentation, April 2022
Slide 1: April 2022 Investor Presentation
April 2022 Investor Presentation
Slide 2: Disclaimer
Disclaimer Forward-Looking Information This presentation contains certain statements, which may constitute “forward looking information” under Canadian securities law requirements and “forward looking statements” under applicable securities laws (collectively, “forward-looking information”). Forward
Slide 3: NexLiving Communities At a Glance
NexLiving Communities At a Glance 27 827 99% 8 Years Average Properties Suites Occupancy Building Age * As of December 31, 2021 $0.18 $0.22 4.83% Share Price NAV per Share Implied Cap Rate * As of April 14, 2022 * As of December 31, 2021 * As of April 14, 2022 Internal $150mm Management Team Fair Va
Slide 4: Business Update
Business Update Property and population fundamentals remain strong given Timeline of Completed Events New Brunswick continued interprovincial migration and undersupplied market. update Dec 9 Closed oversubscribed $22.6 million equity financing Current estimated home deficit of 1,000-1,500 units. Dec
Slide 5: Corporate Overview
NexLiving communities inc.
Slide 6: Company Snapshot
Company Snapshot Description Annualized NOI and Margin NexLiving is focused on the acquisition and management of 5,000 65% multi-family rental properties in Atlantic Canada and Ontario: 4,500 4,251 4,000 3,777 • Targeting low and mid-rise properties, with close 3,149 60% 3,500 proximity to nature tr
Slide 7: Experienced Management Team and Board of Directors
Experienced Management Team and Board of Directors Management & Operating Team Board of Directors MIKE ANAKA, CEO and Director RICHARD TURNER, Chairman • 35-year career with PwC LLP, including as Managing Partner, Atlantic Canada • President and CEO of Titanstar Investment Group Inc. • Significant e
Slide 8: Company History
Company History 2018 2019 2020 2021 2022 Q3 Q2 Q1 Q2 Q2 Current Raised $2.4mm of Second building (42 Acquired a three Acquired a property Rebranded to Acquired two buildings equity & convertible units) acquired for property (124 units) (20 units) for $7.3mm. NexLiving. (122 units) for debt capital a
Slide 9: Company Strategy
Company Strategy NexLiving
Slide 10: The Secondary Market Opportunity
The Secondary Market Opportunity § Rising home prices and ownership costs, especially in core markets, driving higher rental absorption across the country § Target markets experiencing significant rent growth as a result of out-migration from Strong Macro major cities Backdrop § Increased federal im
Slide 11: NexLiving Capitalizing on Opportunity
NexLiving Capitalizing on Opportunity Acquire Increase Balanced Focused on Returns and Smart Asset Value Capital Structure Per Share Metrics § Acquire assets in secondary § Active property management § Create and manage a well § Growing NAV and FFO per markets with strong population laddered debt ma
Slide 12: Strong Track Record of Creating Value per Share
Strong Track Record of Creating Value per Share Nex has consistently grown NAV per share … … and FFO per share … 0.37c 0.40c $70 $0.25 0.22c $0.22 $60 $0.20 $0.17 $50 (0.23c) $40 $0.15 $0.10 (0.73c) $30 $0.10 (1.03c) $0.07 $20 (1.28c) $0.05 (1.59c) $10 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 $- $- 2018 2019 2020 20
Slide 13: New Brunswick Market
NexLiving communities inc.
Slide 14: New Brunswick Population Growth
New Brunswick Population Growth Population Growth Remains High Atlantic Canada Population Growth • New Brunswick home prices continue to make all-time highs 25,000 • Interprovincial migration is at an all-time high as: o Canadians from all over the country (mainly Ontario) have been moving to Atlant
Slide 15: Greater Moncton Area Housing Statistics
Greater Moncton Area Housing Statistics Months of Inventory Unsustainable Home Prices up +85% since 2018 All-time Low Vacancy Rate Average Rents up +50% since 2018 $1,400 7.7% $1,200 $1,000 5.6% 4.3% 3.7% 3.3% 3.1% $800 4.1% 2.1% 2.8% $600 2.7% 2.2% Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2
Slide 16: Ontario Strategy & Acquisition
Ontario Strategy & Acquisition
Slide 17: Ontario Secondary Markets Overview
Ontario Secondary Markets Overview Macro Factors Driving Growth 2021 Vacancy Rates in Ontario Secondary markets around the GTA experiencing significant migration and rent growth driven in part by accelerating housing prices in core GTA • Secondary market assets appear mispriced given underlying rent
Slide 18: Property Overview – 35 Angeline
Property Overview – 35 Angeline Key Property Characteristics 35 Angeline Location Address: 35 Angeline Street S, Lindsay, ON 5-minute drive to Lindsay Golf & Year Built: 1977 Country Club Number of Storeys: 6 Number of Units: 58 Senior Public School and College grounds Gross Leasable Area: 45,300 sq
Slide 19: Grow in Ontario with Value-add Strategy
Grow in Ontario with Value-add Strategy Transaction Overview • Off-market acquisition of a 58-unit, institutional-quality, multi-family property with meaningful upside at a substantial discount to replacement cost • Current in-place rents are +50% below market • Tenant incentive program to generate
Slide 20: 35 Angeline Unit Repositioning
35 Angeline Unit Repositioning Existing Units Completed Renovation TSXV: NXLV 20
Slide 21: Pipeline Overview
Pipeline Overview NexLiving
Slide 22: Properties Under Discussion
Properties Under Discussion Property Source Location Units Comments New Relationship Nova Scotia 218 4 buildings, excellent location, resident base fits strategy Sole Source Saint John, NB 82 New build luxury property, attractive amenities, target demographic Existing Developer Moncton, NB 80 Vendor
Slide 23: Financial Summary
ea, Pelee a! Toe ee Sy Pa TT a) [ee] 1 | | 4 r 5) [es 1 eS | ES r ae a ty a=) | Le eel | Ly Coy a See — mE Financial Summary NexLiving
Slide 24: Balanced Capital Structure
Balanced Capital Structure Current Capitalization – April 14, 2022 Debt Maturity Profile $30 3% 2.39% $25 2.19% 3% 2.17% 1.93% $20 1.76% 1.76% 2% $15 Millions 2% $10 1% $5 1% $- 0% 2022 2023 2024 2025 2026 2027+ Mortgage Debt Convertible Debentures WAIR Debt to Gross Book Value 77% 66% 2020 2021 Mo
NexLiving Communities — Investor Presentation (April 2022) on 6ix