Chiron Real Estate Inc. · NYSE:XRN
Chiron Real Estate — Global Medical REIT — Investor Presentation (May 2022)
23 slides from Chiron Real Estate's investor presentation, May 13, 2022
Slide 1: Nimble. Tenacious. Disciplined. Investor Presentation May 2022
NIMBLE. TENACIOUS. DISCIPLINED. Investor Presentation May 2022
Slide 2: Our goal is to deliver attractive, risk-adjusted returns by investing in quality healthcare assets
Our goal is to deliver attractive, risk - adjusted returns by investing in quality healthcare assets. As a primarily net - leased medical office real estate investment trust (REIT), we target properties operated by profitable healthcare systems or physician groups that are at the forefront of delive
Slide 3: Company Highlights
COMPANY HIGHLIGHTS 3 • Strategically curated, high - quality portfolio with excellent diversification across tenant/operators and markets • Focused growth strategy with proven results; acquired over $1.3 billion since IPO, with $189 million during 2021 and $75 million year to date* • Strong asset ma
Slide 4: A Strategy That Delivers Value
4 A STRATEGY THAT DELIVERS VALUE $1.4B Investments in Real Estate Gross $1.1B Market Cap* 7.8% Weighted Average Cap Rate 5.1% Dividend Yield* *Based on closing price of the Company’s common stock as of $16.32 on March 31, 2022
Slide 5: CEO quote on strategic growth plans
5 “We continued to execute our strategic growth plans, operate through the uncertainty created by global instability, and source accretive opportunities to grow our portfolio even in a challenging acquisition environment.“ Jeffrey Busch Chairman, Chief Executive Officer and President
Slide 6: High Performing Real Estate at the Forefront of Healthcare
HIGH PERFORMING REAL ESTATE AT THE FOREFRONT OF HEALTHCARE 6 5.0X RENT COVERAGE 2.0% WEIGHTED AVERAGE RENT ESCALATIONS 6.9 WEIGHTED AVERAGE LEASE TERM 171 BUILDINGS 201 TENANTS 97% OCCUPANCY 4.4M Net Leasable Area (SF) As of March 31, 2022.
Slide 7: Diverse, Well-Positioned Portfolio
DIVERSE, WELL - POSITIONED PORTFOLIO 44.1% 16.9% 4.7% 18.7% 6.3% 9.3% MOB MOB/ASC MOB/Imaging/ER IRF Surgical Hospital Other 7 As of March 31, 2022.
Slide 8: Investing in the Future of Healthcare
8 INVESTING IN THE FUTURE OF HEALTHCARE
Slide 9: CIO quote on finding value in overlooked markets
9 “We dig deeper to find value in properties and markets that other investors overlook. Our unique strategy is bolstered by favorable demographic trends and the shift in healthcare delivery to local markets and the smaller, specialized facilities we invest in.” Alfonzo Leon Chief Investment Officer
Slide 10: $1.4B and Continuing to Grow
$1.4B AND CONTINUING TO GROW $94 $207 $472 $648 $906 $1,143 $1,343 $1,368 $0 $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 At IPO 2016 2017 2018 2019 2020 2021 2022 56% CAGR Since IPO Gross Real Estate Assets in Millions 10 As of March 31, 2022.
Slide 11: A Distinct Approach
A DISTINCT APPROACH 11 • Longer - term leases • Annualized rent escalations • Bedroom communities • Secondary markets with favorable demand drivers • Positioned to benefit from decentralization trends • Uncover mispriced acquisition opportunities • Sustainable cash flows • Attractive lease coverage
Slide 12: Investing in the Future of Healthcare
INVESTING IN THE FUTURE OF HEALTHCARE 12 90 % of Americans age 50 and older want to age in place. 1 65 % of seniors between the ages of 60 and 70 find it “very easy” to live independently. 2 As American’s choose to age in place, demand for conveniently located healthcare will continue to increase. 1
Slide 13: A Long Runway for Accretive Growth
A LONG RUNWAY FOR ACCRETIVE GROWTH 13 $20B Medical Office and In - Patient Real Estate Transactions Annually $2B in Targeted Markets, Property Types and Cap Rate Range $800M Investigated/Reviewed ~$ 75M+ in Completed Deals* Our pipeline is full of opportunity, but it’s our distinct strategy and due
Slide 14: COO quote on building enduring relationships
14 “We don’t look at investing in real estate as a single activity to be completed but as the first step in building an enduring relationship.” Danica Holley Chief Operating Officer
Slide 15: Profitable, Strong Healthcare Tenants
15 DOMINANT LOCAL PHYSICIAN GROUPS FOR - PROFIT SYSTEMS AFFILIATIONS AND SURGICAL OPERATOR PARTNERSHIPS PROFITABLE, STRONG HEALTHCARE TENANTS NOT - FOR - PROFIT HEALTH SYSTEMS AFFILIATIONS
Slide 16: Tenant testimonial from former CEO of Gastro One
“With an attentive, flexible and creative approach, Global Medical REIT worked with us to structure a transaction that met our goals and helped propel our growth. GMRE has been a helpful partner and resource since our closing.” David Harano former CEO, Gastro One 16
Slide 17: CFO quote on strengthening the balance sheet
“We continue to strengthen our balance sheet and improve our credit metrics to build a strong foundation for our future growth.” Robert Kiernan Chief Financial Officer and Treasurer 17
Slide 18: Strong Capital Structure Providing Access to Multiple Capital Sources
STRONG CAPITAL STRUCTURE PROVIDING ACCESS TO MULTIPLE CAPITAL SOURCES As of March 31, 2022. *Line of credit capacity as of May 11, 2022 19 • $1.9 million cash on hand • $157 million LOC Availability* • Multiple sources of capital, including: OP Units, ATM, Preferred equity, secured and unsecured deb
Slide 19: Institutional Knowledge, Hands-On Approach
INSTITUTIONAL KNOWLEDGE, HANDS - ON APPROACH Jeffrey Busch — Chairman, Chief Executive Officer and President 20+ years of experience in healthcare, real estate development, management and investment Robert Kiernan — Chief Financial Officer and Treasurer 30+ years of experience in financial accountin
Slide 20: Highly Skilled and Diverse Board
HIGHLY SKILLED AND DIVERSE BOARD Jeffrey Busch — Chairman, Chief Executive Officer and President 20+ years of experience in healthcare, real estate development, management and investment. Matthew Cypher, PH.D — ESG Committee Chair, Nominating and Governance Committee Member Professor at Georgetown U
Slide 21: Committed to Corporate Responsibility
• Continuing to collect tenant data for energy consumption, carbon emissions and efficiency • Board of Directors formed an ESG Committee for oversight corporate sustainability issues • Approaching our 3 rd GRESB submission • Completed an Employee Engagement Survey to capture information on employee
Slide 22: Forward Looking Statement
FORWARD LOOKING STATEMENT This presentation is for informational purposes only and does not constitute an offer to sell, or a solicitation of offers to pu rchase, Global Medical REIT Inc.’s (the “Company”, or “GMRE”) securities. The information contained in this presentation does not pur por t to be
Slide 23: Disclosures
DISCLOSURES Rent Coverage Ratio For purposes of calculating our portfolio weighted - average EBITDARM coverage ratio (“Rent Coverage Ratio”), we excluded credit - rated tenants or their subsidiaries for which financial statements were either not available or not sufficiently detailed. Th ese ratios
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