Epr Properties · NYSE:EPR
Epr Properties — Q1 2021 Earnings Presentation
14 slides from Epr Properties's earnings presentation, May 5, 2021
Slide 1: First Quarter 2021 Earnings Call
FIRST QUARTER 2021 EARNINGS CALL May 6, 2021
Slide 2: Forward-looking statements disclaimer
2 The financial results in this document reflect preliminary, unaudited results, which are not final until the Company’s Annual Report on Form 10-K is filed. With the exception of historical information, certain statements contained or incorporated by reference herein may contain forward-looking sta
Slide 3: Introductory Comments
INTRODUCTORY COMMENTS 3
Slide 4: Portfolio Update
PORTFOLIO UPDATE 4
Slide 5: Portfolio Overview
5 PORTFOLIO OVERVIEW Education Portfolio 74 Properties; 8 Operators Occupancy at 100% * See investor supplemental for the applicable period for definitions and calculations of this Non-GAAP measure Experiential Portfolio 280 Properties; 42 Operators Occupancy at 93% $5.9B Total Investments 4 Propert
Slide 6: Portfolio Reopening: Theatres
6 2021 Reopening – 71% of theatres were open as of April 30, anticipate 98% as of May 21 Demonstrated Demand – April’s box office was $189M, 66% increase over March even with continued closures and capacity limitations • High quality content to drive increasing demand through 2021 Lessons Learned –
Slide 7: Portfolio Reopening: Other Experiential and Education
7 PORTFOLIO REOPENING Reopening – 96% of non-theatre properties are open Other Experiential and Education
Slide 8: Asset Management: Capital Recycling, Collections and Deferrals
8 ASSET MANAGEMENT Capital Recycling Total property disposition proceeds were $13.7M • Sold one theatre property and vacant theatre building, bringing the total number of theatres sold since Q3 2020 to three Executed contracts • 5 remaining transitional AMC properties and former CMX theatre; anticip
Slide 9: Financial Review
FINANCIAL REVIEW 9
Slide 10: Financial Highlights
1 0 (In millions except per-share data) * See investor supplementals for the applicable periods for definitions and calculations of these non-GAAP measures FINANCIAL HIGHLIGHTS Financial Performance* Quarter ended March 31, 2021 2020 $ Change % Change Total Revenue $111.8 $151.0 ($39.2) (26%) Net (L
Slide 11: Capital Markets Update
1 1 Net Debt to Gross Assets was 39% at 3/31/21 • $3.2B total debt; $3.1B fixed rate or fixed through int. rate swaps at wtd. avg. = 4.7% • Weighted average debt maturity ~5 years; No scheduled debt maturities until revolver matures in 2022 which currently has no balance outstanding • Continue to be
Slide 12: Expected Revenue Recognition and Collections
1 2 EXPECTED REVENUE RECOGNITION AND COLLECTIONS Q2 2021 Range in $ % of Contractual Cash Revenue1 Revenue recognition $109M - $116M 80% - 85% Collections $102M - $109M 75% - 80% (1) Contractual cash revenue is an operational measure and represents aggregate cash payments for which the Company is en
Slide 13: Closing Comments
CLOSING COMMENTS 1 3
Slide 14: EPR Properties contact details
EPR Properties 909 Walnut Street, Suite 200 Kansas City, MO 64106 www.eprkc.com 816-472-1700 info@eprkc.com