SITE Centers Corp. · NYSE:SITC
SITE Centers — Capital One Securities REIT Conference 2022
11 slides from SITE Centers's conference presentation, January 2022
Slide 1: Capital One Securities REIT Conference
SITE CENTERS Capital One Securities REIT Conference JANUARY 2022
Slide 2: Safe Harbor Statement
S A F E H A R B O R S TAT E M E N T SITE Centers Corp. considers portions of the information in this press release to be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, both as amended, with respect to
Slide 3: Portfolio Transformation
P O R T F O L I O T R A N S F O R M AT I O N 63 LEGACY 90% O F TE NANTS ARE NATIO NAL BY AB R • 62 of top 100 (52%+ of ABR) public 9 B L AC KS TO N E J V • ~25% of ABR investment grade ACQ U IS ITI O N S • New concept growth across multiple unit sizes CO N CE NTR ATE D IN AFFLU E NT SU B MAR K E TS
Slide 4: Key Operational Takeaways
K E Y 4 Q 2 1 O P E R AT I O N A L TA K E AWAY S Focused portfolio located in the wealthiest sub-markets of the U.S. 81 WHOLLY-OWNED PROPERTIES WITH AVERAGE HOUSEHOLD INCOME OF $107K (87TH PERCENTILE) 1 O P E R AT I O N S OV E R VI E W LEASING ACTIVITY REMAINS ELEVATED SNO & PIPELINE TO TENANT BALAN
Slide 5: Company-Wide Commitment to ESG Leadership
CO M PA N Y-W I D E CO M M I T M E N T TO E S G L E A D E R S H I P SIT E C E N T E RS IS CO M M IT T E D TO T R A NS PA R E N C Y A R O U N D O U R E N V I R O N M E N TA L , S O C I A L , A N D G OV E R N A N C E G O A L S G R E E N S TA R R AT E D Community Corporate People Governance C O R P O R
Slide 6: Operations Overview
Operations Overview SITE CENTERS C A P I TA L O N E S E C U R I T I ES R EI T C O N F E R E N C E 2 0 2 2 6
Slide 7: Profitable Sales Growth and Capital Raise Materially Improved Credit Position of Top Tenants
P R O F I TA B L E S A L E S G R O W T H A N D C A P I TA L R A I S I N G M AT E R I A L LY I M P R O V E D CREDIT POSITION OF TOP TENANTS SITE CENTERS’ TOP 62 PUB LIC TENANTS REPRESENTING 52% OF BASE RENT HAVE INCRE ASED EBITDA 28% FROM 2019 AND REDUCED NE T DEBT BY 12% $ 0.8b ipo $0.3B TERM LOA N
Slide 8: SNO Pipeline to Drive Near-Term Earnings Growth
S N O PI PE LI N E TO D RIV E N E A R-TE R M E A R N I N GS G ROW TH 2 02 2 + SN O C O MME N C E ME N T SC H E D U LE $16 CUMULATIVE SNO ($ IN MILLIONS) $12 S I G N E D N O T O P E N E D P I P E L I N E T O TA L S $15.2M O F AN NUALIZE D BASE RE NT (PRS) $8 A S O F D E C E M B E R 3 1 , 2 0 2 1 A S
Slide 9: Elevated Demand from National Tenants Driving Velocity
E L E VAT E D D E M A N D F R O M N AT I O N A L T E N A N T S D R I V I N G L E A S I N G V E L O C I T Y 2 02 1 A N C H O R L E A S I N G AC T I V I T Y WA S 2 3 % A B OV E 2 0 19 L E V E L S F O R T H E CO M PA R A B L E P O R T F O LI O 27 NE W ANCHOR DE ALS SIGNED IN 2021, ON TOP OF 18 SIGNED I
Slide 10: Small Shop Momentum Accelerating
S M A L L S H O P L E A S I N G M O M E N T U M A C C E L E R AT I N G SIG NIFIC ANT OPPORTUNIT Y TO DRIVE PORTFOLIO C ASH FLOW G ROW TH FROM SMALL SHOP OCCUPANCY 150,000 70 60 120,000 2021 SMALL SHOP LEASES SIGNED SHOP LEASES SIGNED 50 WE RE 52% AB OVE 2018 AN D 2019 SHOP PRS GLA 90,000 L E V E L S
Slide 11: Anchor Availability Declining Due to Robust Activity
A N C H O R AVA I L A B I L I T Y D E C L I N I N G D U E T O R O B U S T L E A S I N G AC T I V I T Y JUST 4 WHOLLY- OWNED ANCHORS AVAIL AB LE AS OF YE AR END COMPARED TO 39 VAC ANT BOXES AT MARCH 31, 2021 SH RIN KIN G VAC ANT AN CH O R IN V E NTO RY 15 IN N EG OTIATIO NS, A DVA N CED 14 L E ASED D
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