NewLake Capital Partners, Inc. · OTC:NLCP

NewLake Capital Partners — Q1 2023 Earnings Presentation

13 slides from NewLake Capital Partners's earnings presentation, May 10, 2023

  1. Slide 1: A Leading Provider of Real Estate Capital To State-Licensed Cannabis Operators

    A Leading Provider of Real Estate Capital To State-Licensed Cannabis Operators May 10, 2023

  2. Slide 2: Safe Harbor Statement; Use of Non-GAAP Financial Information

    newlake.comOTCQX: NLCP 2 This presentation has been prepared by the NewLake Capital Partners, Inc. (“we,” “us” or the “Company”) solely for informational purposes. This presentation and related discussion shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there b

  3. Slide 3: By The Numbers

    newlake.comOTCQX: NLCP 3 By The Numbers 100% Leased — All Triple-Net Leases Founded in 2019 — 2021 IPO ~$421 Million Deployed — Invested & Committed 86% AFFO Payout Ratio — Strong Dividend Coverage 32 Properties — 12 States, 1.7 Million Square Feet 0.2x Debt To EBITDA — $89 Million Available Credit

  4. Slide 4: Experienced Management Team

    newlake.comOTCQX: NLCP 4 Experienced Management Team Anthony Coniglio Chief Executive Officer & President, Director Lisa Meyer Chief Financial Officer, Treasurer & Secretary Jarrett Annenberg Director of Acquisitions  Former CEO of Primary Capital Mortgage, a residential mortgage company  14 years

  5. Slide 5: Experienced Board of Directors

    newlake.comOTCQX: NLCP 5 Experienced Board of Directors Gordon DuGan Chairman of the Board, Independent Director Alan Carr Independent Director Joyce Johnson Independent Director  Co-Founder and Chairman of the Board of Blackbrook Capital  Chairman of the Board of INDUS Realty Trust (Nasdaq: INDT)

  6. Slide 6: Experienced Board of Directors Continued

    newlake.comOTCQX: NLCP 6 Experienced Board of Directors Continued Peter Kadens Independent Director Peter Martay Independent Director David Weinstein Director  Co-Founder and former CEO of Green Thumb Industries, Inc., one of the leading public cannabis companies  Co-Founder and former CEO of SoCo

  7. Slide 7: Portfolio Overview

    newlake.comOTCQX: NLCP 7 Portfolio Overview A geographically diverse national platform • 12 states • 1.7M square feet • Primarily limited-license jurisdictions • 100% leased Note: Data as of March 31, 2023 based on Committed Capital Curaleaf 22.4% Cresco 12.1% Revolutionary Clinics 10.1%Trulieve 9.9

  8. Slide 8: NewLake's Underwriting Approach

    newlake.comOTCQX: NLCP 8 NewLake’s Underwriting Approach Licensing Tenant Quality Real Estate Industry leading rent collection Emphasis on limited-license jurisdictions Better operating environment for tenant Created more value for real estate Strong financial profiles 64% Pubic, 36% Private Strong

  9. Slide 9: Financial Overview

    newlake.comOTCQX: NLCP 9 Financial Overview Shareholder Equity $428 Million Invested & Committed Capital $421 Million Cash $42 Million Debt1 $3 Million Market Capitalization2 $276 Million Stock Price2 $12.92 Dividend Yield3 12.1% Common Shares Outstanding 21,358,887 1Q23 Annualized Dividend4 $1.56 T

  10. Slide 10: NewLake is Focused on a High-Growth Industry

    newlake.comOTCQX: NLCP 10 NewLake is Focused on a High-Growth Industry • 83% of the U.S. population (279 million people) reside in Medical Markets • 48% of the U.S. population (161 million people) reside in Adult-Use Markets • 88% of the U.S. population supports Adult-Use and/or Medical Cannabis Mea

  11. Slide 11: Investment Highlights

    newlake.comOTCQX: NLCP 11 Investment Highlights Experienced Team Experienced team with a track record of strong corporate governance and delivering returns for investors Scale and Early Mover NewLake’s scale and early mover advantage positions the Company for long-term success Exceptional Portfolio

  12. Slide 12: Delivering Growth

    newlake.comOTCQX: NLCP 12 Delivering Growth 1.1% 2.8% 1.4% 1.1% 1.5% 2019 2020 2021 2022 2023 G&A as Percentage of Total Assets $0 $9 $22 $39 $40 2019 2020 2021 2022 2023 AFFO Growth $1 $12 $28 $45 $46 2019 2020 2021 2022 2023 Revenue Growth ($ in Millions, expect per share amounts) $0.31 $0.33 $0.3

  13. Slide 13: Thank You

    Thank You Company Contact: Lisa Meyer CFO, Treasurer and Secretary Lmeyer@newlake.com Investor Relations Contact: Valter Pinto / Jack Perkins KCSA Strategic Communications NewLake@KCSA.com (212) 896-1254

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