Medical Properties Trust, Inc. · NYSE:MPT
Medical Properties Trust — Investor Presentation (September 2008)
13 slides from Medical Properties Trust's investor presentation, Sep 9, 2008
Slide 1: Investor Presentation September 2008
Investor Presentation September 2008
Slide 2: Safe Harbor
Safe Harbor Certain statements made during this presentation are forward-looking and are subject to risks and uncertainties. The forward-looking statements made are based on our beliefs, assumptions and expectations of future performance, taking into account all information currently available to us
Slide 3: Overview
Overview Healthcare REIT with a hospital focus Currently 49 operating facilities: 24 acute care hospitals 13 long-term acute care hospitals 6 rehabilitation hospitals 6 wellness centers Current Statistics Market Capitalization: $720 million Enterprise Value: $1.3 billion Total Investments: $1.265 bi
Slide 4: MPT Growth Since Inception
MPT Growth Since Inception 2004 2005 2006 2007 1H 2008 Total Asset 306.5 495.5 744.8 1051.7 1265.8 2004 2005 2006 2007 Total Revenue 10.9 30.5 50.5 96.3 2004 2005 2006 2007 1H 2008 Properties 7 18 26 28 49 2004 2005 2006 2007 FFO 6.1 23.8 36.9 49.8 Total Assets Total Revenue Number of Properties Fun
Slide 5: MPT's Portfolio is Different than Other Healthcare REITs
MPT's Portfolio is Different than Other Healthcare REITs MPT Concentrates on Acute Care, Inpatient Rehab and Long-Term Acute Care Hospitals Source: Other REITs represent current portfolios of 9 Health Care REITs
Slide 6: Medicare Spending Is Growing
Medicare Spending Is Growing Total Medicare Spending, 1966-2009 ($ in billions; figures for 2006 and beyond are projections) Medicare is the largest public health insurance program in the U.S., providing the major source of health care coverage for elderly and disabled persons Centers for Medicare a
Slide 7: Benefits of Diversification of HC Investments into Hospital Space
Benefits of Diversification of HC Investments into Hospital Space Non-discretionary consumers Strong tenant profit margins (MPT coverage portfolio exceeds 3.2x*) Largest segment of U.S. economy Future growth in demand All Presidential healthcare proposals will result in even more patients being cove
Slide 8: Benefits of Diversification of HC Investments into Hospital Space
Benefits of Diversification of HC Investments into Hospital Space Largest consumer segment (senior population) has U.S. Government backed insurance; hospital reimbursements by Medicare have grown at a CAGR of 3.8% since 1996 Only 34% of total Medicare reimbursements in 2007 was for hospital services
Slide 9: Diversified Portfolio
Diversified Portfolio MPW Has No One Property That Represents More Than 6% of Its Total Portfolio 1 Notes: 1 As of July 31, 2008 2 By asset value R:137, G:173, B:161 R:1, G:88, B:56 R:0, G:51, B:102
Slide 10: 2008 Transformational Transaction
2008 Transformational Transaction Notes: 1 Pro forma for transactions subsequent to June 30, 2008, based on total investments 2 Includes Colorado, Connecticut, Virginia, Rhode Island, and Arizona, Michigan MPW Acquisition Tenant Concentration 1 MPW Post-Acquisition Geographic Concentration1
Slide 11: Significant Growth Opportunities in Healthcare Real Estate
Significant Growth Opportunities in Healthcare Real Estate "The MPW Advantage" Able to absorb sizeable portfolios Experience in identifying, acquiring and managing well-located and operated facilities Competitive position in hospital markets Source: Wall Street research dated November 2007 0% 12.5%
Slide 12: Growth Drivers
Growth Drivers 2%-3% same store growth Stable recurring cash flow Sustainable Core Portfolio Growth Property Acquisitions Portfolio Upside Industry Opportunity Comments Examples Competitive advantage in Hospital Real Estate Focused on Market leading operators Disciplined underwriting process Capital
Slide 13: FFO Reconciliation
FFO Reconciliation For the Years Ended December 31, 2004 2005 2006 2007 Funds from operations - FFO 6,054,819 23,823,078 «36,864,622 49,790,643. Depreciation and amortization (1,478,470) (4,182,731) (6,704,924) (12,612,630) Gain on sale of realestate sold S S 4,061,626 Net ineome S 4576349 "$19,640,
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