Nexliving Communities Inc · TSXV:NXLV
Nexliving Communities — Investor Presentation (June 2022)
19 slides from Nexliving Communities's investor presentation, June 2022
Slide 1: June 2022 Investor Presentation
June 2022 Investor Presentation
Slide 2: Disclaimer
Disclaimer Forward-Looking Information This presentation contains certain statements, which may constitute “forward looking information” under Canadian securities law requirements and “forward looking statements” under applicable securities laws (collectively, “forward-looking information”). Forward
Slide 3: NexLiving Communities At a Glance
NexLiving Communities At a Glance 27 827 99% 8 Years Average Properties Suites Occupancy Building Age * As of March 31, 2022 $0.17 $0.22 5.02% Share Price NAV per Share Implied Cap Rate * As of May 30, 2022 * As of March 31, 2022 * As of May 30, 2022 Internal $151mm Management Team Fair Value * As o
Slide 4: Corporate Overview
- communities inc. IV NexL liew X Corporate Overv
Slide 5: Company Snapshot
Company Snapshot Description Annualized NOI and Margin NexLiving is focused on the acquisition and management of 5 ,0 0 0 4,577 65% multi-family rental properties in Atlantic Canada and Ontario: 4 ,5 0 0 4,251 4 ,0 0 0 3,777 • Targeting low and mid-rise properties, with close 3 ,5 0 0 3,149 proximit
Slide 6: Experienced Management Team and Board of Directors
Experienced Management Team and Board of Directors Management & Operating Team Board of Directors MIKE ANAKA, CEO and Director RICHARD TURNER, Chairman • 35-year career with PwC LLP, including as Managing Partner, Atlantic Canada • President and CEO of Titanstar Investment Group Inc. • Significant e
Slide 7: Company History
Company History 2018 2019 2020 2021 2022 Q3 Q2 Q1 Q2 Q2 Current Raised $2.4mm of Second building (42 Acquired a three Acquired a property Rebranded to Acquired two buildings equity & convertible units) acquired for property (124 units) (20 units) for $7.3mm. NexLiving. (122 units) for debt capital a
Slide 8: Company Strategy
Company Strategy NexLiving
Slide 9: The Secondary Market Opportunity
The Secondary Market Opportunity § Rising home prices and ownership costs, especially in core markets, driving higher rental absorption across the country § Target markets experiencing significant rent growth as a results of out-migration from Strong Macro major cities Backdrop § Increased federal i
Slide 10: NexLiving Capitalizing on Opportunity
NexLiving Capitalizing on Opportunity Acquire Increase Balanced Focused on Returns and Smart Asset Value Capital Structure Per Share Metrics § Acquire assets in secondary § Active property management § Create and manage a well § Growing NAV and FFO per markets with strong population laddered debt ma
Slide 11: Strong Track Record of Creating Value per Share
Strong Track Record of Creating Value per Share Nex has consistently grown NAV per share … … and FFO per share … $70 $0.22 $0.25 0.34c 0.37c $0.22 0.32c 0.21c $60 $0.20 $50 $0.16 (0.22c) $40 $ Millions $0.15 $0.10 (0.71c) $30 $0.10 $0.07 (1.01c) $20 (1.28c) $0.05 $10 (1.58c) $- $- Q1 Q2 Q3 Q4 Q1 Q2
Slide 12: New Brunswick Market
NexLiving communities inc.
Slide 13: New Brunswick Population Growth
New Brunswick Population Growth Population Growth Remains High Atlantic Canada Population Growth • New Brunswick home prices continue to make all-time highs 25,000 • Interprovincial migration is at an all-time high as: o Canadians from all over the country (mainly Ontario) have been moving to Atlant
Slide 14: Greater Moncton Area Housing Statistics
Greater Moncton Area Housing Statistics Months of Inventory Unsustainable Home Prices up +85% since 2018 All-time Low Vacancy Rate Average 2-Bdrm Rents up +50% since 2018 8.3% $1,400 $1,300 $1,200 $1,100 5.9% 4.5% $1,000 3.7% 4.6% 3.3% 3.0% $900 2.1% $800 2.9% $700 2.8% 2.2% $600 1.5% Aug-16 Dec-16
Slide 15: Ontario Secondary Markets Overview
Ontario Secondary Markets Overview Macro Factors Driving Growth 2021 Vacancy Rates in Ontario Secondary markets around the GTA experiencing significant migration and rent growth driven in part by accelerating housing prices in core GTA • Secondary market assets appear mispriced given underlying rent
Slide 16: Pipeline Overview
Pipeline Overview NexLiving
Slide 17: Properties Under Discussion
Properties Under Discussion Property Source Location Units Comments New Relationship Nova Scotia 218 4 buildings, excellent location, resident base fits strategy Sole Source Saint John, NB 82 New build luxury property, attractive amenities, target demographic Existing Developer Moncton, NB 80 Vendor
Slide 18: Financial Summary
Financial Summary NexLiving
Slide 19: Balanced Capital Structure
Balanced Capital Structure Current Capitalization – May 30, 2022 Debt Maturity Profile Share price $0.17 $30 3.60% 4 .0 % Shares outstanding 291.6 3 .5 0 % $25 ITM dilutive securities - 3 .0 % Market cap $ 49.6 $20 2.37% 2.19% 2.17% 2 .5 0 % Millions 1.76% Cash 14.6 $15 1.56% 2 .0 % Cash ITM securit
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