Geo Group Inc (the) Reit · NYSE:GEO
Geo Group Inc (the) Reit — Q1 2020 Earnings Presentation
23 slides from Geo Group Inc (the) Reit's earnings presentation, Apr 30, 2020
Slide 1: Supplemental Information First Quarter 2021
Supplemental Information First Quarter 2021 The GEO Group, Inc.'s ("GEO") Unaudited Reconciliation Tables and Supplemental Disclosure presented herein speaks only as of the date or period indicated, and GEO does not undertake any obligation, and disclaims any duty, to update any of this information,
Slide 2: Company Profile Financial Summary - 1 Financial Summary - 2
Company Profile 3 Financial Summary - 1 4 Financial Summary - 2 5 Condensed Consolidated Balance Sheets 6 Condensed Consolidated Statement of Operations 7 Reconciliation of Net Income Attributable to GEO to FFO, Normalized FFO and AFFO 8 Reconciliation of Net Income Attributable to GEO to Net Operat
Slide 3: Company Profile
Company Profile The GEO Group, Inc. (NYSE: GEO) is the first fully integrated equity real estate investment trust specializing in the design, financing, development, and operation of secure facilities, processing centers, and community reentry centers in the United States, Australia, South Africa, a
Slide 4: Financial Summary
Financial Summary Company Profile Q1 2021 Q1 2020 (unaudited) (unaudited) Market Capitalization * ** $ 949,068 $ 1,476,049 Share Price ** $ 7.76 $ 12.16 Revenues * Owned and Leased: Secure Services $ 295,086 $ 308,011 Owned and Leased: Community-Based 36,276 39,138 Owned and Leased: Youth Services 1
Slide 5: Financial Summary
Financial Summary Q1 2021 Q1 2020 Portfolio ** Owned and Leased: Secure Services 34 39 Owned and Leased: Community-Based 35 35 Owned and Leased: Youth Services 8 9 Managed only 25 33 102 116 Owned and Leased: Secure Services * ** Revenue Producing Beds 44,797 45,829 Occupancy 86% 89% Compensated Man
Slide 6: Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets * As of As of March 31, 2021 December 31, 2020 (unaudited) (unaudited) ASSETS Cash and cash equivalents $ 289,391 $ 283,524 Restricted cash and cash equivalents 29,317 26,740 Accounts receivable, less allowance for doubtful accounts 346,817 362,668 Contract rece
Slide 7: Condensed Consolidated Statement of Operations
Condensed Consolidated Statement of Operations * Q1 2021 Q1 2020 (unaudited) (unaudited) Revenues $ 576,377 $ 605,017 Operating expenses 428,151 461,746 Depreciation and amortization 34,117 33,327 General and administrative expenses 48,479 53,782 Operating income 65,630 56,162 Interest income 6,202
Slide 8: Reconciliation of Net Income to FFO, Normalized FFO and AFFO
Reconciliation of Net Income Attributable to GEO to FFO, Normalized FFO and AFFO * Q1 2021 Q1 2020 (unaudited) (unaudited) Net Income attributable to GEO $ 50,544 $ 25,181 Add (Subtract): Real Estate Related Depreciation and Amortization 18,972 18,395 (Gain) on real estate assets, pre-tax (13,329) (
Slide 9: Reconciliation of Net Income to NOI, EBITDAre and Adjusted EBITDAre
Reconciliation of Net Income Attributable to GEO to NOI, EBITDAre and Adjusted EBITDAre * Q1 2021 Q1 2020 (unaudited) (unaudited) Net Income attributable to GEO $ 50,544 $ 25,181 Less Net loss attributable to noncontrolling interests 61 60 Net Income $ 50,483 $ 25,121 Add (Subtract): Equity in earni
Slide 10: Global Operations Profile
Global Operations Profile Global Operating Portfolio by Region * ** United States Facilities Current Beds Beds 1-Yr Ago Texas 22 21,709 22,531 California 13 6,623 6,846 Pennsylvania 12 5,668 5,716 Colorado 7 3,027 3,027 New Jersey 6 3,259 3,795 Florida 6 8,502 8,502 Alaska 6 730 730 Arizona 4 5,930
Slide 11: Portfolio Operating Metrics
Portfolio Operating Metrics * (1) BEDS Q1 2021 (1) # of Facilities Sq. Ft. Owned & Compensated Managed Only Total Revenue* Occupancy Leased Mandays Eastern Region (FL,GA,IN,LA,MI,VA) 10 3,829,667 1,500 15,483 16,983 $65,751 1,411,335 92% Central Region (TX,OK) 2 550,422 2,682 0 2,682 $10,249 233,076
Slide 12: Customer Data
Customer Data 12 www.geogroup.com
Slide 13: Property and Equipment
Property and Equipment * As of As of March 31, 2021 March 31, 2020 (unaudited) (unaudited) Land $ 129,950 $ 130,080 Buildings and improvements 2,275,390 2,235,278 Leasehold improvements 284,079 285,595 Equipment 231,092 218,394 Furniture, fixtures and computer software 66,580 64,506 Facility constru
Slide 14: Capital Expenditures
Capital Expenditures * Q1 2021 Q4 2020 Owned & Leased Owned & Leased Managed Only Managed Only Community Youth BI ** Total Secure Community Youth BI ** Total Secure Services & Other & Other Based Services Services Based Services Cap-Ex Category New facility development $ - $ 1,784 $ - $ - $ 506 $ 2,
Slide 15: Debt Maturity Schedule
Debt Maturity Schedule * 15 www.geogroup.com
Slide 16: Outstanding Debt
Outstanding Debt* Unsecured Senior Notes Due 2023 2024 2026 2026 Closing Date 3/19/13 9/25/14 4/18/16 2/24/21 Denomination USD USD USD USD Original Principal Amount $300,000 $250,000 $350,000 $230,000 Principal Amount (end of quarter) $278,783 $225,293 $350,000 $230,000 Coupon (1) 5.125% 5.875% 6.00
Slide 17: Acquisitions/Dispositions
Acquisitions/Dispositions Acquisitions/Dispositions * Dispositions Bed Count State Sale Price ** Sale Date Talbot Hall 536 NJ $13,922 January 2021 McCabe Center 113 TX $2,550 March 2021 * Represents acquisitions/dispositions of real estate assets, amounts in '000s. ** GEO received net proceeds of $1
Slide 18: Idle Facilities
Idle Facilities (1) Idle Facilities (as of 3/31/2021) Ownership Number of Net Book Location Type Beds Value * Facility D. Ray James Correctional Facility Georgia Owned 1,900 53,946 Moshannon Valley Correctional Facility Pennsylvania Owned 1,878 56,470 Rivers Correctional Facility North Carolina Owne
Slide 19: Property List
Property List Updated as of May 10, 2021 Years Primary Renewal Facility Name City State Years Contracted Capacity Ownership Type Term(s) Upcoming Renewal Date Built/ Renovated Customer(s) Option(s) OWNED AND LEASED PROPERTIES GEO SECURE SERVICES 1 Perry County Correctional Facility Union Town Alabam
Slide 20: Property List
Property List Updated as of May 10, 2021 Years Primary Design Renewal Facility Name City State Years Contracted Ownership Type Term(s) Upcoming Renewal Date Built/ Renovated Customer(s) Capacity Option(s) COMMUNITY-BASED SERVICES 1 Alabama Therapeutic Education Facility Columbiana Alabama 1962 Augus
Slide 21: Property List
Property List Updated as of May 10, 2021 Years Primary Design Renewal Facility Name City State Years Contracted Ownership Type Term(s) Upcoming Renewal Date Built/ Renovated Customer(s) Capacity Option(s) COMMUNITY-BASED SERVICES 24 Tully House Newark New Jersey 1929, 1999 January-20 NJ DOC 344 Owne
Slide 22: Property List
Property List Updated as of May 10, 2021 Years Primary Design Renewal Facility Name City State Years Contracted Ownership Type Term(s) Upcoming Renewal Date Built/ Renovated Customer(s) Capacity Option(s) YOUTH SERVICES 1 Southern Peaks Regional Treatment Center Canon City Colorado 2003, 2004 June-0
Slide 23: Definitions
Definitions Adjusted EBITDAre (Adjusted EBITDA for real estate) Adjusted EBITDAre is defined as EBITDAre adjusted for net loss attributable to non-controlling interests, stock-based compensation expenses, pre-tax, and certain other adjustments as defined from time to time, including for the periods
Geo Group Inc (The) REIT — Q1 2020 Earnings Presentation on 6ix