Nexliving Communities Inc · TSXV:NXLV
Nexliving Communities — Investor Presentation (November 2023)
21 slides from Nexliving Communities's investor presentation, November 2023
Slide 1: November 2023 Investor Presentation
November 2023 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 1,166 98% +10.7% 7 Years Average Building Suites Occupancy SPNOI Age * As of December 1, 2023 * As of September 30, 2023 * As of YTD Q3 2023 * Excludes properties being repositioned $1.55 $4.64 6.16% Share Price NAV per Share Implied Cap Rate * As of December 1, 202
Slide 4: Corporate Overview
= - iving communities inc. NexL WwW ie Corporate Overv
Slide 5: Company Snapshot
Company Snapshot Description Annualized NOI and Margin NexLiving is focused on the acquisition and management of 1 2.0 65% multi-family rental properties in Atlantic Canada and Ontario: 9.9 1 0.0 8.8 • Targeting low and mid-rise properties, with close 7.7 proximity to nature trails and parks, amenit
Slide 6: Experienced Management Team and Board of Directors
Experienced Management Team and Board of Directors Management & Operating Team Board of Directors STAVRO STATHONIKOS, President & CEO RICHARD TURNER, Chairman • 18-year capital markets career with broad experience in the areas of • President, Chairman and CEO of Titanstar Investment Group Inc. insti
Slide 7: Company Strategy
Company Strategy NexLiving
Slide 8: The Secondary Market Opportunity
The Secondary Market Opportunity § Rising home ownership costs, especially in core markets, driving higher rental rates across the country Strong Macro § Target markets experiencing significant rent growth as a results of out-migration from major cities Backdrop § Increased federal immigration targe
Slide 9: NexLiving Capitalizing on Opportunity
NexLiving Capitalizing on Opportunity Acquire Increase Balanced Focused on ROIC and Smart Asset Value Capital Structure Per Share Metrics § Acquire assets in secondary § Active property management § Well-laddered debt maturity § Growing NAV and FFO per markets with strong population profile share th
Slide 10: Capital Structure & Portfolio Age Enhance Returns
Capital Structure & Portfolio Age Enhance Returns Young Portfolio Results in Lower Capex Capex per Unit NexLiving offers a unique value proposition with a young $6,00 0 portfolio with below market rents located primarily in favorable $4,850 landlord markets: $4,472 $5,00 0 $4,356 Peer Average = $3,8
Slide 11: Industry Leading Organic Growth
Industry Leading Organic Growth Sustainable Organic Growth YTD 2023 Same Property NOI Growth NexLiving offers a unique value proposition situated in the 14. 0% 12.7% highest population growth region of the country: 12. 0% 12.1% 10.7% 10.5% • NexLiving has reported above average organic growth 10. 0%
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 cash flow per share … $80 $4.81 $0.16 $5.00 $70 $4.34 $0.11 $60 $0.07 $4.00 $3.28 $50 $ Millions $3.00 $40 $1.93 $30 $2.00 $1.32 $20 $1.00 $10 $(0.20) $- $- 2018 2019 2020 2021 2022 Q3/20 Q3/21 Q3/22 Q3/
Slide 13: New Brunswick
New Brunswick NexLiving Nag
Slide 14: Population and Employment
Population and Employment Employment by Sector New Brunswick Population Growth 2008-2023 Construction 8% Manufacturing “New Brunswick added more people in the past 24 7% Other Services Other Goods- months than the previous 29 years” 32% Producing 5% 30,000 – CBC News, September 29, 2023 Healthcare 1
Slide 15: Rental Market Comparisons
0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% Edmonton Moncton 5.4% Saskatoon Halifax Regina KW & Cambridge TSXV: NXLV Winnipeg PEI Vacancy Rates Calgary Calgary Oshawa London 2.6% Lethbridge Oshawa 3.0%2.9% Ottawa Vancouver Montréal Edmonton Canada Lethbridge 1.9% London Saskatoo
Slide 16: Ontario
= : ivin communities inc. # NexL
Slide 17: Ontario Strategy Overview
Ontario Strategy Overview Secondary Markets Value-Add Strategy Post Renovation Unit Example § Strategy to acquire midcap buildings in secondary markets that have a significant rental uplift opportunity. § Drive meaningful increase in property NOI by: • strategic capital spending • unlocking current
Slide 18: Lindsay Acquisition 18 Months Later
Lindsay Acquisition 18 Months Later NOI Growth ($000s) Value-add Program Sensitivities $845 Cap Rate Building Value April 2022 18 Months 3-Year Goal Acquisition Post-Acquisition 70% Renovation $685 5.00% - 13.7 16.9 4.75% - 14.4 17.8 4.50% - 15.2 18.8 $435 4.25% - 16.1 19.9 4.00% - 17.1 21.1 3.75% -
Slide 19: Capital Structure Summary
a wey i 75/65 mjies| = \\e. = an iis es! cos —_ ae jg Oo me Capital Structure Summary NexLiving a
Slide 20: Balanced Capital Structure
Balanced Capital Structure Current Capitalization Debt Maturity Profile $80 6. 00% 5.05% $70 5. 00% $60 3.72% 3.38% 4. 00% $50 $ Millions $40 3. 00% 2.18% $30 1.76% 2. 00% $20 1. 00% $10 $- 0. 00% 2023 2024 2025 2026 2027 Thereafter Mo rtgage Debt WA IR Note: As of December 1, 2023 Net Debt to EBITD
Slide 21: Non-IFRS Financial Measures
Non-IFRS Financial Measures Non-IFRS Financial Measures This presentation contains several non-IFRS financial measures and ratios that management believes provide relevant supplementary information to both management and investors in measuring the operating and financial performance of the Company.
NexLiving Communities — Investor Presentation (November 2023) on 6ix