Nexus Industrial Reit · TSX:NXR.UN
Nexus Industrial Reit — Investor Presentation (May 2022)
16 slides from Nexus Industrial Reit's investor presentation, May 2022
Slide 1: Nexus Industrial REIT Investor Presentation
Nexus Industrial REIT Investor Presentation “Canada’s next Pure Play Industrial REIT” NEXUS INVESTOR PRESENTATION MAY 2022 1
Slide 2: Notice to the Reader
Notice to the Reader ABOUT THIS PRESENTATION No reliance may be placed for any purpose whatsoever on the information contained in this presentation or the completeness or accuracy of such information. No representation or warranty, express or implied, is given by or on behalf of Nexus Industrial REI
Slide 3: Nexus Industrial REIT Poised For Value Creation
Nexus Industrial REIT Poised For Value Creation Nexus Industrial REIT (“Nexus” or the “REIT”) is focused on unitholder value creation through the acquisition and ownership of industrial properties across Canada 1 HIGH QUALITY INDUSTRIAL FOCUSED PORTFOLIO ➢ 106 quality, commercial properties (industr
Slide 4: A Diversified Portfolio With An Industrial Focus
A Diversified Portfolio With An Industrial Focus Industrial Portfolio Retail Portfolio Office Portfolio 84% of NOI 11% of NOI 5% of NOI Stable Cash Flow, Long-Term Leases, Many Investment Grade, High-Quality Majority of Urban Office Assets and Embedded Rent Escalations National Tenants Offering Nece
Slide 5: Nationwide Asset Base
Nationwide Asset Base 106 properties located across Canada NOI by Geography (1)(2) NWT 0.8% BC 3.1% QC 25.1% AB 29.5% MB 1 1.0% NB 4.0% PEI 3 0.2% ON 26 1 18.5% SK 12 17.8% 1 11 3 10 19 NOI by Asset Class (1)(2) 1 1 Office 17 5.0% Retail 72 Industrial 10.6% 20 Retail 13 Office Mixed Use 1 (Industria
Slide 6: Demonstrated Track Record of Success
Demonstrated Track Record of Success Management has demonstrated its ability to successfully make and integrate accretive acquisitions resulting in an attractive normalized AFFO payout ratio 99% 100% 97% 95% 95% Normalized AFFO Payout Ratio1 89% 90% 83% 83% 82% 79% 80% 70% 60% 2014 2015 2016 2017 20
Slide 7: 2021 Acquisitions
2021 Acquisitions Date GLA Purchase Capitalization Province Highlights Closed (at share) Price Rate The REIT completed the acquisition of 11 industrial properties in Ontario and Alberta, highlighted by a portfolio of 6 industrial 8 Ontario Properties Q1&Q2 2021 1,700,000 sf $162.3MM properties in Lo
Slide 8: 2022 YTD Acquisitions
2022 YTD Acquisitions GLA Purchase Cap Date Closed City Highlights (at share) Price Rate Acquired a large bay multi-tenant industrial building in Regina, SK with long-term leases to strong credit tenants. The property includes 21 acres January 12, 2022 Regina, SK 180,000 sf $28MM of excess land wher
Slide 9: Value Creation - Richmond, BC
Value Creation - Richmond, BC Overview Redevelopment Value Creation Underway • Mixed-use asset (consisting of 2 buildings) in Richmond, BC purchased for $57.4MM in April 2018. • Appraised at ~$80MM (March 2018), and $120MM to $136MM (Q3 2021) highlighting the significant inherent value of the proper
Slide 10: Lease Expiries and Occupancy
Lease Expiries and Occupancy Lease Expiry Schedule (Square Feet, ‘000s) at March 31, 2022 Weighted Average Lease Term of ~6.4 Years 5,963 1,190 1,602 917 496 2022 2023 2024 2025 Thereafter % of Total Leased GLA 4.9% 9.0% 11.7% 15.8% 58.6% Occupancy by Asset Class at March 31, 2022 GLA Occupancy (at
Slide 11: Liquidity & Debt Maturities
Liquidity & Debt Maturities Debt Repayment Schedule ($MM) as at March 31, 2022 Weighted Average Term to Maturity ~6.7 Years Weighted Average Interest Rate ~3.3% 430.6 $57.5 $78.5 $100.4 $54.0 $68.8 2022 2023 2024 2025 2026 Thereafter % of Total 8.5% 9.5% 17.9% 10.8% 14.0% 39.2% Debt Liquidity • As a
Slide 12: Benefiting from a Strategic Investor and Partner
Benefiting from a Strategic Investor and Partner • Privately held real estate investment and asset management firm Overview: • Indirectly owns ~6% of the REIT’s outstanding units RFA Bank of Canada Founded: • 1996 • Invests in office, retail, industrial, multi- family and seniors housing properties
Slide 13: Leadership Team
Leadership Team Management Team Board of Trustees Name Title Experience Name Experience • Chairman of the Board Ben • Principal and Managing Partner of RFA Capital Rodney • Former CEO and Trustee of TransGlobe • Chair of Artis REIT Board of Trustees Kelly Apartment REIT CEO Hanczyk • Extensive exper
Slide 14: Favourable Pricing Metrics
Favourable Pricing Metrics Price / Price / Prem./D Units Market Current FFO AFFO Last Price(1) Distribution FFO AFFO NAV isc. O/S Cap(2) Yield 2022E 2022E 2022E 2022E to NAV Nexus Industrial REIT $ 11.14 78.7 $ 877 $ 0.64 5.75% $ 0.82 13.6x $ 0.73 15.3x $ 12.88 -13.5% Industrial REITs Dream Industri
Slide 15: Key Takeaways
Key Takeaways Nexus provides investors the 1. Robust pipeline of industrial acquisition opportunities combined with opportunity to add significant GLA to opportunity to participate in existing assets in the South Western Ontario, Regina early growth stages of an and Calgary markets industrial vehicl
Slide 16: Contact Us
Contact Us Kelly Hanczyk CEO Phone: (416) 906-2379 Email: khanczyk@nexusreit.com Rob Chiasson CFO Phone: (416) 613-1262 Email: rchiasson@nexusreit.com NEXUS INVESTOR PRESENTATION MAY 2022 16
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