Brookdale Senior Living Inc. · NYSE:BKD
Brookdale Senior Living — Q4 2022 Earnings Presentation
17 slides from Brookdale Senior Living's earnings presentation, Feb 22, 2023
Slide 1: Investor Presentation May 8, 2023
Investor Presentation May 8, 2023
Slide 2: Forward-Looking Statements – Safe Harbor
Forward-Looking Statements – Safe Harbor Certain statements in this Investor Presentation may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward- looking statements are subject to various risks and uncertainties and include
Slide 3: Brookdale at a Glance
Brookdale at a Glance 673 Communities in 41 States(3) OUR MISSION Enriching the Lives of those we serve with compassion, respect, excellence and integrity OUR VISION To be the nation’s First Choice States with Presence Brookdale Community in senior living Leader in Communities and Units Operated(4)
Slide 4: Offers a Broad Continuum of Services
Offers a Broad Continuum of Services INDEPENDENT LIVING HOME ASSISTED HEALTH LIVING HOSPICE MEMORY CARE OUTPATIENT SKILLED THERAPY NURSING TELEHEALTH RESPITE CARE BROOKDALE SERVICES THIRD-PARTY HEALTHCARE PROFESSIONAL(2) IN-HOME SERVICES SERVICES RESIDENT VENTURE PARTNER ENGAGEMENT SERVICES Ability
Slide 5: Strong Revenue Recovery over Past Two Years
Strong Revenue Recovery over Past Two Years Monthly Weighted Average Consolidated Occupancy(1) 80% 680 bps growth since inflection point in March 2021 1Q23 Weighted Avg. 76.3% 75% YOY Growth 290 bps December 2022 –Year end occupancy (77.0%) 70% December 2021 – Year end occupancy (73.6%) March 2021 –
Slide 6: Robust Revenue Opportunity
Robust Revenue Opportunity Returning to pre-pandemic occupancy Achieving our historic occupancy high of 84.5% would drive at least $300M of of 89.0% would drive at least $475M of incremental revenue(1) incremental revenue(1) Brookdale Quarterly Weighted Average Occupancy Historical high 1 (4Q 20
Slide 7: Supply Trends Support Accelerated Revenue Growth
Supply Trends Support Accelerated Revenue Growth • Increasing material, labor, • Lower starts and opens enable and financing costs have • Inventory growth in 2022 was contributed to a slowdown in faster occupancy gains for its lowest since 2014(1). new construction. existing communities. U.S. CONSTR
Slide 8: Target Demographic is Growing
Target Demographic is Growing OPERATIONAL METRICS of our target senior population of our move-ins 16% of our residents are Baby Boomers 30% are under age 80 64% lives within 20 minutes of a Brookdale community(1) DEMOGRAPHIC TRENDS TARGET POPULATION(1) ~1 million new seniors enter 70% of adults age
Slide 9: Proven Leader Where Industry is Growing Fastest
Proven Leader Where Industry is Growing Fastest Higher Acuity Needs: Chronic conditions in residential care(1) Brookdale Mix(2) Industry Mix(2) High Blood High BloodPressure Pressure SNF Alzheimer's Alzheimer's and 3% SNF Other and otherDementias dementias IL 9% Depression Depression 27% AL AL 66% o
Slide 10: Brookdale is Best Positioned to Care for Seniors
Brookdale is Best Positioned to Care for Seniors UNAIDED BRAND AWARENESS(1) Brookdale Leadership Position Competitor A ~2X is Well Recognized Competitor B more mentions #1 in Customer Satisfaction Earned most senior living of Brookdale than among Assisted Living / community recognition Competitor C
Slide 11: 2023 Strategic Priorities
2023 Strategic Priorities Get every available unit in service at the best profitable rate • Increase number of seniors we serve through targeted efforts to further recover occupancy • Implement appropriate pricing actions which consider inflationary pressures and competitive labor markets • Improve
Slide 12: 2023 Second Quarter Guidance
2023 Second Quarter Guidance 2Q 2023 RevPAR YOY Growth 11.5% - 12.0% Adjusted EBITDA $72 million to $77 million Reconciliation of the non-GAAP financial measure included in the foregoing guidance to the most comparable GAAP financial measure is not available without unreasonable effort due to the in
Slide 13: Primed for Growth in 2023 and Beyond
Primed for Growth in 2023 and Beyond Key Drivers of Growth 1 Accelerating Demographic • Significant organic growth opportunity by Growth driving a powerful pandemic recovery in the highly-rated, lower-cost care setting 2 Meaningful Positive Shift in Supply Trend • Positioned for outsized benefit thr
Slide 14: Appendix
Appendix Definition RevPAR, or average monthly senior housing resident fee revenue per available unit, is defined by the Company as resident fee revenue for the corresponding portfolio for the period (excluding revenue for private duty services provided to seniors living outside of the Company's com
Slide 15: Non-GAAP Financial Measures
Non-GAAP Financial Measures Adjusted EBITDA — Definition and Reconciliation Adjusted EBITDA is a non-GAAP performance measure that the Company defines as net income (loss) excluding: benefit/provision for income taxes, non- operating income/expense items, and depreciation and amortization; and furth
Slide 16: Endnotes
Endnotes Slide Reference 1. National Investment Center for Seniors Housing & Care (NIC) IL, AL, and MC units, NIC Supply Set 1Q 2023 2. Brookdale’s Senior Housing segments’ resident fees for the trailing 12 months ending December 31, 2022 3 3. As of December 31, 2022 4. For Brookdale, units as of Ma
Slide 17: Endnotes
Endnotes Normal Seasonality Sequential View 1Q 2Q 3Q 4Q Lower due to increased Historically highest Occupancy Sequential Begins to turn positive Remains flat to slightly incidence and severity of sequential growth period Change towards end of quarter positive to third quarter flu of the year Full-qu
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