Chiron Real Estate Inc. · NYSE:XRN
Chiron Real Estate — Global Medical REIT — Investor Presentation (November 2017)
25 slides from Chiron Real Estate's investor presentation, Nov 13, 2017
Slide 1: Capital Partners to Health Care Providers
www.globalmedicalreit.com Capital Partners to Health Care Providers INVESTOR PRESENTATION November 13, 2017
Slide 2: Disclaimer
www.globalmedicalreit.com DISCLAIMER 2 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 . (the “Company’s” ; or “GMR’s”) securities . The information contained in this presentation does not
Slide 3: At a Glance
www.globalmedicalreit.com AT A GLANCE ▪ Well - positioned to execute on pipeline acquisitions using revolving credit facility ▪ Addition of recently - announced ATM program provides acquisition financing optionality STOCK INFORMATION * 3 BALANCE SHEET HIGHLIGHTS • Market Capitalization: $200.7 milli
Slide 4: Leadership
www.globalmedicalreit.com LEADERSHIP 4 ▪ Over 30 years of experience in financial accounting, reporting and management, including extensive experience in SEC reportin g a nd Sarbanes - Oxley compliance ▪ Served as the Senior Vice President, Controller and Chief Accounting Officer of FBR & Co. (“FBR”
Slide 5: Company Overview
www.globalmedicalreit.com COMPANY OVERVIEW 5 Healthcare REIT focused on the acquisition and leasing of high - quality, purpose - built healthcare facilities Focus on high - quality medical office buildings (MOB), outpatient and licensed medical facilities ▪ Target the “factory” where core medical pr
Slide 6: Strategy to Outperform
www.globalmedicalreit.com STRATEGY TO OUTPERFORM 6 Creating attractive returns by leveraging management expertise and differentiated investment strategy Attractive Acquisition Dynamics Outsized Current Returns Capital Appreciation Less competitive market segment Deal sourcing through relationships T
Slide 7: Attractive Industry Trends
www.globalmedicalreit.com ATTRACTIVE INDUSTRY TRENDS 7 PROJECTED AGING OF US POPULATION CHANGING CONSUMER PREFERENCES ARE A MAJOR FACTOR IN GMR’S PROPERTY SELECTION 15% 17% 19% 21% 21% 22% 22% 22% 23% 24% 0% 5% 10% 15% 20% 25% 30% 0 20 40 60 80 100 120 2015 2020 2025 2030 2035 2040 2045 2050 2055 20
Slide 8: GMR Investment Criteria
www.globalmedicalreit.com GMR INVESTMENT CRITERIA 9 HIGH - QUALITY FACILITIES x Facilities recently built or renovated x Facilities core to provider business model x Functionality, reusability, and conversion value FOCUS ON TENANT OPERATIONS x Excellent medical practice groups with sustainable pract
Slide 9: Market Leading Tenants
www.globalmedicalreit.com MARKET LEADING TENANTS ESTABLISHED PROVIDER CLINICAL EXPERTISE STRONG CREDIT 11 What we seek to acquire: ▪ Demonstrated clinical leaders ▪ Going concern history ▪ High market share ▪ Stable and competent management ▪ Robust and durable payor contracts Competitive advantages
Slide 10: Property Portfolio
www.globalmedicalreit.com PROPERTY PORTFOLIO* 11 *As of November 13, 2017 12 Property Location # of Buildings Facility Type Net Leasable Square Feet Lease Years Remaining Year Built/ Renovated Annualized Rent (1) Annualized Rent Per Square Foot (1) Tenant/Guarantor (2) Alliance Medical Plaza Fort Wo
Slide 11: Property Portfolio - Continued
www.globalmedicalreit.com PROPERTY PORTFOLIO - CONTINUED * 12 *As of November 13, 2017 13 Property Location # of Buildings Facility Type Net Leasable Square Feet Lease Years Remaining Year Built/ Renovated Annualized Rent (1) Annualized Rent Per Square Foot (1) Tenant/Guarantor (2) Orlando Health, S
Slide 12: Property Portfolio - Continued
www.globalmedicalreit.com PROPERTY PORTFOLIO - CONTINUED* (1) Annualized rent calculated by multiplying (a) actual monthly rent for the month of November 2017, by (b) 12. Accordingly, this methodology produces an annualized amount as of a point in time but does not take into account future contractu
Slide 13: Property Portfolio Map
www.globalmedicalreit.com PROPERTY PORTFOLIO MAP* 15 *As of November 13, 2017
Slide 14: Portfolio Metrics
www.globalmedicalreit.com PORTFOLIO METRICS AVERAGE ASSET AGE LEASE MATURITY – SQ. FT. EXPIRING PREMIUM PORTFOLIO FUNDAMENTALS Portfolio metrics reflecting newer buildings, dominant tenants and long term leases 0.0% 0.0% 0.0% 0.0% 14.8% 4.4% 80.8% 0% 25% 50% 75% 100% 2017 2018 2019 2020 2021 2022 20
Slide 15: Associates in Ophthalmology, West Mifflin, PA
www.globalmedicalreit.com ASSOCIATES IN OPHTHALMOLOGY WEST MIFFLIN, PA KEY STATISTICS STATE OF THE ART FACILITY TOP FACILITIES AND CREATIVE LEASE LOCALLY DOMINANT TENANT • The building contains state of are equipment used diagnosis and treatment of cataracts, glaucoma, diabetic eye care and macular
Slide 16: HealthSouth Portfolio Arizona and Pennsylvania
www.globalmedicalreit.com • Although each facility has a different overall layout, the buildings are purpose built to provide a complete compliment of care • Sustainable Design Elements such as the use of sunshade devices on windows • Centrally Located Nursing Stations • Comforts amenities such as a
Slide 17: Pipeline Overview
www.globalmedicalreit.com PIPELINE OVERVIEW STEADY PORTFOLIO GROWTH ▪ GMR’s portfolio exceeded $441 million of gross investment with leasable square feet of approximately 1,259,760 ▪ Q4 acquisition pipeline consists of 9 properties, comprised of approximately 195,480 square feet and a total value of
Slide 18: Investment Highlights
www.globalmedicalreit.com INVESTMENT HIGHLIGHTS Management Team with Public REIT Experience Attractive Industry Trends Market Leading Tenants High Quality Portfolio Substantial Pipeline of High Quality Assets 20
Slide 19: Appendix
www.globalmedicalreit.com APPENDIX 21
Slide 20: Independent Directors
www.globalmedicalreit.com INDEPENDENT DIRECTORS 22 ▪ President of Global Development International, providing development support and oversight for initiatives in medical and hea lth care programs (e.g. Instant Labs Medical Diagnostics, MedPharm & MPRC Group) ▪ Former President and Founder of intern
Slide 21: Interested Directors
www.globalmedicalreit.com INTERESTED DIRECTORS 23 ▪ 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 ▪ Developed lar
Slide 22: Annualized Rent Growth by Quarter
www.globalmedicalreit.com ANNUALIZED RENT GROWTH BY QUARTER $0 $5,000,000 $10,000,000 $15,000,000 $20,000,000 $25,000,000 $30,000,000 $35,000,000 Pre-IPO Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Pre-IPO Annual Rent Escalation Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Most Recent Four Quarters: Average
Slide 23: Statement of Operations
www.globalmedicalreit.com NET INCOME (LOSS) OR STATEMENT OF OPERATIONS 25 Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Revenue Rental revenue $ 7,921,913 $ 1,932,425 $ 19,217,710 $ 4,994,172 Expense recoveries 443,816 - 1,141,455 - Other income 23,134 70,225 1
Slide 24: Balance Sheet
www.globalmedicalreit.com BALANCE SHEET 26 As of September 30, 2017 December 31, 2016 Assets (unaudited) Investment in real estate: Land $ 36,839,127 $ 17,785,001 Building 349,041,480 179,253,398 Site improvements 3,992,974 1,465,273 Tenant improvements 5,095,651 1,186,014 Acquired lease intangible
Slide 25: FFO, AFFO and Normalized AFFO Reconciliation
www.globalmedicalreit.com FFO , AFFO AND NORMALIZED AFFO RECONCILIATION* 27 Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 (unaudited) (unaudited) Net income (loss) attributable to common stockholders $ 381,268 $ (1,982,826) $ (1,559,440) $ (4,423,588) Depreciat
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