Sonida Senior Living, Inc. · NYSE:SNDA
Sonida Senior Living — Capital Senior Living — Investor Presentation (August 2013)
22 slides from Sonida Senior Living's investor presentation, Aug 6, 2013
Slide 1: Capital Senior Living Company Presentation
Capital Senior Living Company Presentation
Slide 2: Forward-Looking Statements
Forward-Looking Statements The forward-looking statements in this presentation are subject to certain risks and uncertainties that could cause results to differ materially, including, but not without limitation to, the Company's ability to complete the refinancing of certain of our wholly owned comm
Slide 3: Investment Highlights
Investment Highlights Value leader in providing quality seniors housing and care at reasonable prices Well positioned to make meaningful gains in shareholder value Substantially all private pay with strong cash flow generation Industry benefits from need-driven demand, limited new supply and improvi
Slide 4: Company Overview
Company Overview Capital Senior Living operates 104 communities in geographically concentrated regions with the capacity to serve 13,900 residents CA. 408 AR. 173 AZ. 189 CT. 178 FL. 226 IA. 122 IL. 650 IN. 1,967 KS. 169 LA. 136 MI. 346 MN. 173 MO. 662 MS. 143 NC. 593 SC. 614 NE. 668 NJ. 98 NY. 387
Slide 5: Resident Demographics at CSU Communities
Resident Demographics at CSU Communities Average age of resident: 85 years Average age of resident moving in: 82 years Average stay period: 2-3 years Percent of female residents: 80% Resident turnover is primarily attributed to death or need for higher care
Slide 6: The Capital Advantage: Senior Living Options - Independent Living
The Capital Advantage: Senior Living Options Independent Living - 52% of Resident Capacity Average 115 units per IL community with large common areas and amenities Supportive services, wellness programs, social, recreational and educational events Average monthly rate of $2,460 100% private pay Aver
Slide 7: The Capital Advantage: Senior Living Options - Assisted Living
The Capital Advantage: Senior Living Options Assisted Living- 43% of Resident Capacity Average 66 units per community 72% of communities offer AL Assistance with activities of daily living including medication reminders, bathing, dressing and grooming Average monthly rate of $3,670 Substantially all
Slide 8: The Capital Advantage: Need Driven Demand
The Capital Advantage: Need Driven Demand U.S. population 75+ years old is estimated to grow by 3.5 million from 2009 through 2015 Only 1.3 million units serving a population of 18.9 million seniors Current 6.9% penetration rate implies demand growth of 40,000 units per year U.S. Seniors Population
Slide 9: The Capital Advantage: Limited New Supply
The Capital Advantage: Limited New Supply The Capital Advantage: Limited New Supply Source: Seniors NIC MAP100 Trends
Slide 10: The Capital Advantage: Senior Housing Occupancy Trends
The Capital Advantage: Senior Housing Occupancy Trends The Capital Advantage: Senior Housing Occupancy Trends Source: Seniors NIC MAP100 Trends
Slide 11: The Capital Advantage: Competitive Strengths
The Capital Advantage: Competitive Strengths Value leader in geographically concentrated regions Experienced on-site, regional and corporate management Larger company economies of scale and proprietary systems that yield operating efficiencies in highly fragmented industry Solid reputation in indust
Slide 12: The Capital Advantage: Strategy
The Capital Advantage: Strategy Focus on our core strengths Capitalize on competitive strengths within each of our regions to maximize the cash flow generated by our communities and our operations Capitalize on the fragmented nature of the senior living industry to strategically aggregate local and
Slide 13: 2013 Business Plan
2013 Business Plan Focused on Operations, marketing and growth to enhance shareholder value through: Organic growth Proactive expense Management Accretive acquisitions and unit conversions Utilization of technology
Slide 14: 2013 Business Plan: Organic Growth
2013 Business Plan: Organic Growth Increase average rents Each 3% increase generates $10.4M of revenue Improve occupancies Each 1% generates $3.5M of revenue, $2.5M of EBITDAR and $0.06 per share of CFFO Convert units to higher levels of care Cash flow enhancing renovations and refurbishments New br
Slide 15: Operating Performance: Improving occupancy trends
Operating Performance Improving occupancy trends Same Community Financial Occupancy (CHART)
Slide 16: Operating Performance: Same-store comparable trends
Operating Performance Same-store comparable trends (CHART)
Slide 17: 2013 Business Plan: External Growth
2013 Business Plan: External Growth Strategic acquisitions of high quality senior living communities to enhance geographic concentrations - 17% cash on cash returns (in millions except number of communities and units) 2012 Q1/Q2 2013 Combined Purchase Price $181.3 $32.1 $213.4 Communities 17 3 20 Un
Slide 18: Operating Performance: Revenue and EBITDAR growth
Operating Performance Revenue and EBITDAR growth EBITDAR increased 122% on an 82% increase in revenue EBITDAR margin increased from 29.9% in Q1 2010 to 36.4% in Q2 2013 (CHART) * As adjusted in Q2 2013 earnings release
Slide 19: Income Statement: June YTD Comparison
Income Statement: June YTD Comparison As adjusted in press releases As adjusted in press releases
Slide 20: Balance Sheet
Balance Sheet As of June 30, 2013 (in millions) ASSETS Cash and Securities $ 30.5 Other Current Assets 25.2 Total Current Assets 55.7 Fixed Assets 548.3 Other Assets 49.5 TOTAL ASSETS $ 653.5 LIABILITIES & EQUITY Current Liabilities $ 49.6 Long-Term Debt 373.7 Other Liabilities 62.1 Total Liabilitie
Slide 21: Investment Highlights
Investment Highlights Value leader in geographically concentrated regions Substantially all private pay Need-driven demand, limited new supply and improving housing market Experienced management team with demonstrated ability to operate, acquire and create shareholder value Accretive acquisitions in
Slide 22: Capital Senior Living
Capital Senior Living Company Presentation
Capital Senior Living — Investor Presentation (August 2013) on 6ix