Sonida Senior Living, Inc. · NYSE:SNDA
Sonida Senior Living — Capital Senior Living — Q4 2019 Earnings Presentation
15 slides from Sonida Senior Living's earnings presentation, 2020
Slide 1: A Leading Owner-Operator of Senior Living Communities and Services
SENIOR LIVING A leading Owner-Operator of Senior Living Communities and Services
Slide 2: Forward-Looking Statements & Non-GAAP Financial Measures
A A Capital Forward Looking Statements: SENIOR LIVING Forward-Looking Statements & Non-GAAP Financial Measures The forward-looking statements in this presentation are subject to certain risks and uncertainties that could cause results and financial condition to differ materially from those indicated
Slide 3: Q4 2019 Operational & Financial Highlights
A A ~ Capital . Q4 2019 SENIOR LIVING * Revenue stabilized in Q4 2019 at $108.7M, consistent with Q3 2019 for like communities * Rate growth of 0.4% in Q4 compared to prior year. * In-place rents increased ~3% year over year. * Retention of Executive Directors in 94% of communities since October 201
Slide 4: Company overview: communities, residents, revenue, employees
124 12,000+ 30+ $442MM 6,600+ Communities Residents Year 2019 Revenue Employees 63% Owned Served History 15+ Communities 23 5 - 14 Communities • States < 5 Communities • Attractive Private Pay Focus Balanced Unit Mix* % of Revenue Memory Care Private Pay 11% Assisted 94% Living Independent 50% 39% L
Slide 5: Stabilize, Invest, Nurture, Grow
STABILIZE INVEST NURTURE GROW • • • • • • • • • • • • • • • •
Slide 6: Stabilize and Talent & Retention initiatives
• All assets “Rent ready” • Transition to portfolio-wide operating systems, • Rates stabilized, minimal discounting including Yardi, UltiPro, and TELS for improved transparency, reporting packages, and tools • Care assessments & fees standardized • Resident acuity guidelines confirmed • Daily report
Slide 7: Strong Operator of Trusted Senior Living Communities
Strong Operator of Trusted Senior Living Communities ie ai # of Communities ou 2a \ 129 129 129-126 \ 126 12. 43 «7 TI \ 2010 2011 2012 2013 2014 2015 2016 2017 2018 2a) \ oo Revenue nee % 88 88 86 ill i 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 NOI (elas In Millions 4a7 467 460 wa \ 412 384
Slide 8: Approximately 1.6 million units available in US senior housing market
Approximately 1.6 million units are available in the US senior housing market. Source: ASHA 2018 Top 50, company filings and investor presentations. • • • • • • Source: NIC Investment Guide, Fifth Edition ©2019 National Investment Center for Seniors Housing & Care (NIC)
Slide 9: Seniors Housing Construction | Primary Markets
Seniors Housing Construction | Primary Markets 50,000 9% 40,000 7% 30,000 5% 20,000 3% Source: U.S. Census Bureau Projections, 2017 Source: Moody’s Analytics ©2019 National Investment Center for Seniors Housing & Care (NIC) 10,000 1% ©2019 National Investment Center for Seniors Housing & Care (NIC)
Slide 10: Total Properties
124 Total ✓ Properties 77 Total Properties • • • ✓ ✓ ✓
Slide 11: Assets and Liabilities & Equity
Assets ($ in millions) Liabilities & Equity ($ in millions) Cash and Securities $ 31.7 Current Liabilities $ 129.0 Other Current Assets 31.5 Long-Term Debt 905.6 Total Current Assets 63.2 Other Liabilities 218.7 Fixed Assets 969.2 Total Liabilities 1,253.3 Other Assets 235.3 Stockholders’ Equity 14.
Slide 12: Debt Maturities
A Debt Maturities A ™ Capital SENIOR LIVING * Average duration of debt is 5.7 years $298,545 > * Approximately 83% of all debt matures in 2024 and after. $252,372 $216,010 $82,992 $38,344 $38,207 $0 ia 2020 2021 2022 2023 2024 2025 2026 & After Sin thousands DISCOVER the difference 12
Slide 13: 124 Total Properties
• • • • • • • • • • • • • 124 Total Properties
Slide 14: Management team
Kim Lody Carey Hendrickson Brandon Ribar Mike Fryar David Brickman Jeremy Falke Chief Executive Officer, President Executive VP Executive VP Senior VP Senior VP Senior VP and Director Chief Financial Officer Chief Operating Officer Chief Revenue Officer General Counsel Human Resources Joined CSL Jan
Slide 15: Investment Rationale
Investment Rationale A 1OR LIVING @ 30-years of experience caring Solid strategy, structure, for seniors standards and focus Significant opportunity for near- Sizeable, fragmented wn term operational improvement markets with unmet needs and long-term growth provides financial and learning, collabora
Capital Senior Living — Q4 2019 Earnings Presentation on 6ix