Chiron Real Estate Inc. · NYSE:XRN
Chiron Real Estate — Global Medical REIT — Investor Presentation (November 2018)
24 slides from Chiron Real Estate's investor presentation, Nov 7, 2018
Slide 1: Global Medical REIT November 2018
5 GLOBAL §@ MEDICAL REIT November 2018
Slide 2: Forward Looking Statements
Forward Looking Statements 1 all data as of 09/30/2018 unless otherwise stated This presentation is for informational purposes only and does not constitute an offer to sell, or a solicitation of offers to purchase, Global Medical REIT Inc . ’s (the “Company”, or “GMRE”) securities . The information
Slide 3: About GMRE
GLOBAL MEDICAL REIT ABOUT GMRE
Slide 4: GMRE Value Proposition
GMRE Value Proposition Net lease operating platform, which tends to be more resilient during economic fluctuations Healthcare facilities providing mission critical services with leading operators Proven investment strategy Resulting in Operational Flexibility for Tenants and Improved Asset Val
Slide 5: Overview
Overview GMRE’s differentiated business strategy combines the inherent strength of the medical industry tailwinds, coupled with a net lease real estate platform that is relatively insulated to economic fluctuations. GMRE’s disciplined execution with a proven underwriting strategy results in a hi
Slide 6: GMRE Strategy
GLOBAL MEDICAL REIT GMRE STRATEGY
Slide 7: Strategy Leverages Key Dynamics in Healthcare Today
Strategy Leverages Key Dynamics in Healthcare Today Industry - wide demographic tailwinds support GMRE’s core strategic vision Healthcare Industry’s “Path of Growth” Favors Localization and Specialization Strong Providers in Our Markets Require Real Estate Solutions The Biggest Risks to Healthcare R
Slide 8: Shifting Demographics and Consumer Preferences Drive Healthcare Industry Growth
Shifting Demographics and Consumer Preferences Drive Healthcare Industry Growth Industry Tailwinds Benefit GMRE US Population is Aging Rapidly 65+ age group expected to double between 2015 and 2060 85+ age group expected to triple between 2015 and 2060 Use of healthcare dramatically increases
Slide 9: Increasing Demand for Localized Delivery
Increasing Demand for Localized Delivery 0% 20% 40% 60% 80% 100% 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 Outpatient Surgeries Inpatient Surgeries An Aging Population… (1) The U.S. 65+ age group is growing faster than the country’s population – ~10,000 Baby Boomers turn 65 every day
Slide 10: Disciplined Yet Opportunistic Acquisition Strategy
Disciplined Yet Opportunistic Acquisition Strategy We aim to create a property portfolio comprised substantially of off - campus, purpose - built, licensed medical facilities such as MOBs, specialty hospitals, IRFs and ASCs, that are geographically situated to take advantage of the aging U.S. popula
Slide 11: Future Growth Strategies
Future Growth Strategies GMRE consistently maintains a large pipeline of actionable acquisition opportunities to sustain growth as a result of being an attractive deal partner Flexible Partner Ability to navigate complex situations via an adaptable approach to negotiations and deal structuring has c
Slide 12: GMRE Portfolio
GLOBAL MEDICAL REIT GMRE PORTFOLIO
Slide 13: Portfolio Composition
Portfolio Composition (1) Monthly base rent for September 2018, multiplied by 12. $ 613M Gross Real Estate Assets 72 State - of - the - Art Purpose - build Healthcare Buildings Rent Coverage 3.8x – Hospital Tenants 7.0x – Physician Group Tenants 100% Occupancy 1.9 Million Square Feet Gross Leasable
Slide 14: Diversified Tenant Base
Diversified Tenant Base (1) Monthly base rent for September 2018, multiplied by 12. % of Annualized Base Rent by State (1) % of Annualized Base Rent by Tenant (1) We seek to diversify our tenant base as demonstrated through no tenant contributing greater than 11% to annualized based rent 13 all data
Slide 15: Established Strong Healthcare Operators
Established Strong Healthcare Operators Not - For - Profit Health System Affiliations For - Profit Systems Affiliations and Surgical Operator Partnerships Dominant Local Physician Groups 14 all data as of 09/30/2018 unless otherwise stated
Slide 16: GMRE Case Studies
GLOBAL MEDICAL REIT GMRE CASE STUDIES
Slide 17: Case Study: Memorial Health System (MHS)
Case Study: Memorial Health System (MHS) Key Statistics New Campus for Rapidly - Growing Health System Four Facilities and ROFO for Future Cancer Center Leading Provider with 200+ Employed Physicians MHS (Fitch BB - ) operates the 199 - bed Marietta Memorial Hospital (MMH), a 25 - bed critical acc
Slide 18: Case Study: NOMS Sale-Leaseback
Case Study: NOMS Sale - Leaseback Key Statistics State of the Art Facility New Facility with Existing Tenant Locally Dominant Tenant Asset Type Medical Office and Imaging Center Gross Leasable Area 25,893 2018 EBITDARM / Rent 2.9 x average at purchase Leased Occupancy 100% Lease Expiration February
Slide 19: Appendix
GLOBAL MEDICAL REIT APPENDIX
Slide 20: Appendix: Leadership
Appendix: Leadership JEFFREY BUSCH , Chairman, Chief Executive Officer and President ROBERT KIERNAN , Chief Financial Officer and Treasurer ALFONZO LEON , Chief Investment Officer ▪ 17 + years of experience in real estate finance and has completed $ 3 billion of transactions ▪ Prior experience as pr
Slide 21: Appendix: Independent Directors
Appendix: Independent Directors Majority independent Board with strong backgrounds in healthcare, real estate and capital markets Henry Cole ▪ President of Global Development International, providing development support and oversight for initiatives in medical and hea lth care programs (e.g. Instant
Slide 22: Appendix: Interested Directors
Appendix: Interested Directors Jeffrey Busch, Chairman ▪ Over 20 years of experience in healthcare, real estate development, management and investment ▪ Former assistant to the U.S. Secretary of Housing & Urban Development ▪ United States Special Representative to United Nations in Geneva ▪ Develope
Slide 23: A Path to Internalized Operations
A Path to Internalized Operations Upon achieving scale, we continue to evaluate internalizing management $500 million of shareholders’ equity is a precursor to internalization Board will appoint a special committee to review the internalization process Two - thirds vote required by our indepen
Slide 24: Investor Relations Contact
Investor Relations Contact maryj@globalmedicalreit.com (202) 524 - 6869 Thank You
Global Medical REIT — Investor Presentation (November 2018) on 6ix