Sonida Senior Living, Inc. · NYSE:SNDA
Sonida Senior Living — Q4 2020 Earnings Presentation
13 slides from Sonida Senior Living's earnings presentation, Mar 31, 2021
Slide 1: A Leading Owner-Operator of Senior Living Communities and Services
A Leading Owner-Operator of Senior Living Communities and Services Investor Presentation March 31, 2021
Slide 2: Forward-Looking Statements & Non-GAAP Financial Measures
Forward-Looking Statements & Non-GAAP Financial Measures Forward Looking Statements: The forward-looking statements in this presentation are subject to certain risks and uncertainties that could cause the Company’s actual results and financial condition to differ materially, including, but not limit
Slide 3: Agenda
Agenda I. Transformative Strategic Actions II. Pro-Forma Portfolio III. Performance in the COVID-19 Environment IV. Growth Levers in the Post-Pandemic Environment 3
Slide 4: Transformative Strategic Actions Undertaken Since 2019
Transformative Strategic Actions Undertaken Since 2019 Capital Senior has executed several key steps to right-size the portfolio, improve operational and financial performance, and reposition the business for long-term success New Senior Leadership Team CEO, COO, Chief Revenue Officer, and others
Slide 5: Transitioning to a More Focused Owned Platform
Transitioning to a More Focused Owned Platform 68 6,000+ 30+ Communities 80.5% 3,200+ Residents Year 2020 Occupancy 60 Owned History Employees Served 60 owned communities 8 Managed Attractive Markets and Resident Demographic1,2 Attractive Private Pay Focus 1 15+ Communities 6,881 Units 5 - 14 Commun
Slide 6: Trend Financial Results for ProForma Owned Assets
Trend Financial Results for ProForma 60 Owned Assets Occupancy Average Rent COVID-19 $3,601 $3,577 $3,582 $3,586 $3,559 $3,563 $3,548 87.7% $3,546 86.8% 85.7% 85.6% 85.3% 85.0% $3,534 84.4% 84.2% 83.7% 81.5% $3,515 79.3% $3,503 COVID-19 77.4% $3,475 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Slide 7: FY and 4Q 2020 Results for ProForma Portfolio
FY and 4Q 2020 Results for ProForma* Portfolio Key Takeaways 4Q20 3Q20 4Q19 FY 20 FY 19 • FY 2020 Occupancy of 80.5% Average Occupancy 77.4% 79.3% 84.4% 80.5% 84.8% • FY 2020 Revenue at 96% of 2019 Average Rent (1) $ 3,586 $ 3,582 $ 3,563 $ 3,586 $ 3,546 • FY 2020 RevPOR increased 1.1% YoY Revenue $
Slide 8: Portfolio Strategically Positioned in Attractive, High Growth Markets
Portfolio Strategically Positioned in Attractive, High Growth Markets 97% of CSU communities are in markets with expected 5-year 75+ 99% of CSU communities are in markets where 75+ average household population growth of 10% or more income can readily afford CSU average monthly rent of ~$3,600 24 51%
Slide 9: Outperforming Peers Through Challenging Environment
Outperforming Peers Through Challenging Environment • COVID-19 Pandemic has had a material impact on senior housing operations throughout the industry • Capital Senior Living has outperformed peers in this challenging environment • Although occupancy declines persist, rate of decline has decelerated
Slide 10: Encouraging Trend of Declining COVID-19 Cases; Communities Normalizing
Encouraging Trend of Declining COVID-19 Cases; Communities Normalizing • 100% of Capital Senior Living communities are 180 currently accepting new residents 3,500,000 160 • Active cases remain low due to implementation of consistent and robust safety protocols 3,000,000 140 • All communities remain
Slide 11: COVID-19 Vaccination Clinics Expected Complete by April 30, 2021
COVID-19 Vaccination Clinics Expected Complete by April 30, 2021 87% 100% 90% of residents FULLY FIRST and SECOND round vaccinations of residents have received 85% VACCINATED one dose THIRD round completed vaccinations completed 45% 41% of employees of staff have received one FULLY dose VACCINATED D
Slide 12: Strong Leading Indicators Support 2021 Recovery
Strong Leading Indicators Support 2021 Recovery Leads Tours COVID-19 COVID-19 Vaccine Vaccine Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar '20 '20 '20 '20 '20 '20 '20 '20 '20 '20 '20 '20 '21 '21 '21 '20 '20 '20 '20 '20 '20 '2
Slide 13: Strong Growth Levers in the Post Pandemic Environment
Strong Growth Levers in the Post Pandemic Environment Vaccine Pent-up Provider Light Flu Labor Inflation Reduction in Stronger Distribution Demand Dislocation Season Abating New Supply Foundation • 100% of • Delayed and needs • Opportunities to • Very little flu • Premium labor costs • Fewer new • T