Invesque Inc · TSX:IVQ
Invesque — Mainstreet Health Investments — Merger or Acquisition (September 2016)
13 slides from Invesque's merger presentation, Sep 15, 2016
Slide 1: Acquisitions and Management Internalization
Acquisitions and Management Internalization September 15, 2016 A preliminary short form prospectus containing important information relating to the securities described in this document has not yet been filed with the applicable Canadian securities regulatory authorities in each of the provinces and
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains forward looking statements which reflect management’s expectations regarding objectives, plans, goals, strategies, future growth, results of operations, performance and business prospects and opportunities of Mainstreet Health Investments Inc. (t
Slide 3: Highlights of the Acquisitions and Internalization
Highlights of the Acquisitions and Internalization Mainstreet Health Investments Announces US$152 Million of Acquisitions, Internalization of Management and US$65 Million Bought Deal Offering of Subscription Receipts The Acquisitions complement the Company’s existing portfolio by adding seven high
Slide 4: Acquiring High Quality Healthcare Properties
Acquiring High Quality Healthcare Properties The Company will be investing in: Four Next Generation® post-acute transitional care facilities located in Texas and Kansas from Mainstreet Property Group that will be leased to Ensign for US$92.8 million; One post-acute transitional care and memory c
Slide 5: Pro Forma Portfolio Overview
Pro Forma Portfolio Overview Current Acquisitions Pro Forma High Quality Tenants Operating Properties 24 + 7 = 31 Beds / Suites 3,332 + 739 = 4,071 Mezzanine Investments 5 + 5 = 10 Acquisitions significantly expand existing portfolio and pipeline of Next Generation development properties Mainstreet
Slide 6: Increased Exposure to Attractive Markets
Increased Exposure to Attractive Markets 31 Properties / 4,071 beds & suites / ~US$600 million of Investment Properties 3 NEW YORK ONTARIO 2 7 PENNSYLVANIA NEBRASKA 1 ILLINOIS 11 2 INDIANA COLORADO 3 1 KANSAS 1 2 ARIZONA 4 Current Portfolio TEXAS 2 Acquired Portfolio 2 Mezzanine Investments Growing
Slide 7: Enhanced Diversification
Enhanced Diversification Current Pro Forma SNF TCC SNF TCC 4% AL 4% 3% AL 5% 5% 6% IL / AL 7% Property IL / AL 7% Type TCC / AL 10% SNF / TCC TCC / AL SNF / TCC 68% 24% 57% PA KS PA ON 7% 5% NY 5% 3% 7% NY IN 9% 7% Geography IN TX 9% 8% IL 59% IL 70% KS 11% Ensign Trilogy Saber Autumn- Trilogy 4% wo
Slide 8: Internalization at No Cost
Internalization at No Cost The internalization of management has been approved by the independent members of the Company’s Board and will be completed subject to completion of the Acquisitions – There is no cost to the Company to terminate the Asset Management Agreement The entire senior managem
Slide 9: Financing of the Acquisitions
Financing of the Acquisitions Sources (US$mm)(1) The transaction is being partially financed with a Net Proceeds from the Offering $62.4 US$65 million bought deal subscription receipt offering Shares to be Issued to Autumnwood $3.0 – The net proceeds of the bought deal subscription receipt offerin
Slide 10: Next Steps
Next Steps October 6, 2016: Anticipated closing of subscription receipt offering October 26, 2016: Special meeting of shareholders to approve related party transactions November 2016: Anticipated closing of the acquisitions and internalization of management Mainstreet Health Investments 9
Slide 11: Appendix: Autumnwood Joint Venture
Appendix Autumnwood Joint Venture The Company will acquire a 50% interest in the Autumnwood Portfolio on a joint venture basis The Company will receive distributions from the partnership equivalent to the greater of (i) an annual preferential distribution equal to 7.0% of the Company’s invested
Slide 12: Appendix: Acquisition Property List
Appendix Acquisition Property List Year Built / SNF / TCC Total Beds / Lease Lease Property Name Location Operator Property Type AL / IL Suites Renovated Beds Suites Expiration Escalators Income Producing Properties (1) (3) The Healthcare Resort of Leawood Leawood, KS 2016 Ensign TCC / AL 70 24 94 2
Slide 13: Disclaimer
Disclaimer An investment in the securities described in this presentation is subject to a number of risks that should be considered by a prospective purchaser. Prospective purchasers should carefully consider the risk factors described under “Risk Factors” and “Forward‐Looking Statements” to be incl
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