Kilroy Realty Corporation · NYSE:KRC
Kilroy Realty — Investor Presentation (March 2023)
8 slides from Kilroy Realty's investor presentation, Mar 15, 2023
Slide 1: Kilroy Investor Update
KILROY INVESTOR UPDATE REALTY March 15, 2023 K I L R O Y R E A LT Y | 1
Slide 2: Overview
OVERVIEW NO EXPOSURE TO SILICON VALLEY BANK OR SIGNATURE BANK. 1 LIMITED EXPOSURE TO OTHER REGIONAL BANKS. 2 HIGH QUALITY, WELL CAPITALIZED TENANT ROSTER 3 FORTRESS BALANCE SHEET WITH STRONG LIQUIDITY K I L R O Y R E A LT Y | 2
Slide 3: No Exposure to Silicon Valley Bank or Signature Bank; Limited Exposure to Other Regional Banks
NO EXPOSURE TO SILICON VALLEY BANK OR SIGNATURE 1 BANK; LIMITED EXPOSURE TO OTHER REGIONAL BANKS Silicon Valley Bank (SVB) & Signature Bank Other Regional Banks • Kilroy has no direct or indirect leases with SVB or Signature Bank • Regional Banks make up ~2% of KRC ABR • Kilroy has zero deposits hel
Slide 4: High Quality, Well Capitalized Tenant Roster
2 HIGH QUALITY, WELL CAPITALIZED TENANT ROSTER Platform Tenant Roster is Over 50% Investment Grade Rated With 98% ofBYTenant TENANT Rent INDUSTRY Collected(1) BREAKDOWN Tenant Diversification Legend Private Public Company 28% Public Company; Investment Grade Private Company; Investment Grade Private
Slide 5: Fortress Balance Sheet Strong Liquidity
3 FORTRESS BALANCE SHEET WITH STRONG LIQUIDITY Fortress Balance Sheet Strong Liquidity Sources No Significant Low Leverage Total Debt Maturities Profile Until December Cash on Hand $300M 2024 6.0x (1) Term Loan Availability $320M Revolver Availability $1,100M Fixed or Capped Rate Debt >95% TOTAL $1,
Slide 6: Diversified Exposure Across Debt Capital Stack with Ample Covenant Flexibility
FORTRESS BALANCE SHEET WITH STRONG LIQUIDITY 3 (CONT’D) Diversified Exposure Across Debt Capital Stack with Ample Covenant Flexibility Unsecured Bank Facilities and Private Placement Notes Unsecured Senior Notes Actual Actual Covenants Covenant Levels Performance as Covenants Covenant Levels Perform
Slide 7: Disclaimer
DISCLAIMER This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on our current expectations, beliefs and assumptions,
Slide 8: Where Innovation Works
Where Innovation Works K I L R O Y R E A LT Y | 8 Kilroy Oyster Point / South San Francisco