American Healthcare Reit, Inc. · NYSE:AHR
American Healthcare Reit — Investor Presentation (March 2023)
21 slides from American Healthcare Reit's investor presentation, Mar 20, 2023
Slide 1: NAV and Year End 2022 Investor Update
American — Healthcare REIT NAV AND YEAR END 2022 INVESTOR UPDATE
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS Certain statements made today by American Healthcare REIT, Inc. (AHR, the “company,” “we,” “us” or “our") may be considered “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act’), and Section 21 of th
Slide 3: Presenters
PRESENTERS ail, American qr Healthcare REIT Danny Prosky President & CEO Brian Peay Chief Financial Officer
Slide 4: American Healthcare REIT Overview
AMERICAN HEALTHCARE REIT OVERVIEW as of 12/31/22) Management is a Proven Established, Cohesive, Diversified Healthcare REIT Expertise Across All Leader in Portfolio Management platform with with Fully-Integrated Clinical Healthcare Asset Growth and Capital deep healthcare industry Management Classes
Slide 5: Portfolio Snapshot
PORTFOLIO SNAPSHOT ¢es of 12/31/22) MOBs 33% Skilled Nursing Facilities (°SNES”) 2496? Debt Investment 2 % Hospitals 3% Senior Housing 38%2 SEGMENT DIVERSIFICATION! . SNFs 63% OR . e oy MOBs 33% - ° } ISHCs i . oe © Debt Investment a ” 2% . “pad . ~ oe oat i. eM a @ Moss - sal Senior Housing-Leased
Slide 6: 2022 Consolidated Financial Results
2022 CONSOLIDATED FINANCIAL RESULTS $1.6B $302M Revenue MOB $1.95 MFFO / Share! Occupancies of December 31, 20222 ISHC SHOP SNFs Senior Housing - Leased Hospitals 89.0% 84.5% 77.0% 100% 100% teley American qr Healthcare REIT 1 2. Please see financial reconciliation tables and notes in the Appendix t
Slide 7: Key Developments
KEY DEVELOPMENTS In 2022 We Expanded Our Portfolio, Recast Our Credit Facility, & Filed a Registration Statement for a Proposed Common Stock Offering In January 2022, we recast our existing credit facilities and combined the legacy GAHR3 and GAHR4 corporate credit facilities into a new, $1.05 billio
Slide 8: Medical Office (MOB) Update
MEDICAL OFFICE (MOB) UPDATE MOBs Showed Consistent Performance Throughout 2022 Our MOB portfolio has demonstrated occupancy stability with an average leased percentage of 90.5% over the past two years PROPERTIES Management remains confident in MOB fundamentals and expects MOBs to benefit from greate
Slide 9: Senior Housing and Skilled Nursing
SENIOR HOUSING AND SKILLED NURSING Occupancy in Senior Housing and Skilled Nursing Asset Classes Continued to Show Steady Improvement in 2022 208 82.7 A * Occupancy increased substantially over the past seven quarters from 70.1% in Q1 2021 PROPERTIES OCCUPANCY! to 82.7% in Q4 2022! * Headwinds from
Slide 10: Financial Results Impacted by Interest Expense
FINANCIAL RESULTS IMPACTED BY INTEREST EXPENSE NOI Ended 2022 with Strong Growth Despite NOI Growth, Significant Interest Rate Increases Have Negatively Nol! 1922 2022 3Q22 Net Operating Income before COVID Grants COVID Grants While MFFO Decreased Over Same Period Impacted Interest Rate Expense and
Slide 11: Distribution Update
DISTRIBUTION UPDATE * In March of 2023, the Board of Directors elected to adjust the first quarter 2023 distribution from $0.40 per share to $0.25 per share for the distribution payable on or about April 18, 2023, for stockholders of record April 4, 2023. The new quarterly distribution of $0.25 per
Slide 12: Updated Net Asset Value
UPDATED NET ASSET VALUE* Updated Estimated Per Share Net Asset Value - 12/31/22! $31.40 Does Not Reflect Any Portfolio/NAV Premium “NAV is determined by the Board of Directors based on the estimated value of the company's assets less the estimated value of its liabilities, divided by the number of s
Slide 13: Listing/Offering Preparedness
LISTING/OFFERING PREPAREDNESS Summary of Steps Taken to Position the Company for Potential Listing on NYSE * We filed with the SEC a Registration Statement (Form S-11) for a * Completed one-for-four reverse stock split proposed common stock offering and contemplated listing * Changed transfer agents
Slide 14: Insider Stock Ownership
INSIDER STOCK OWNERSHIP as of 3/17/23) Compelling Alignment of Interest Between Shareholders and Insiders 600,000 | SHARES PURCHASED vs. SHARES GRANTED | PURCHASED vs. SHARES GRANTED 500,000 % 400,000 = = 300,000 Re) Purchased’ Granted 200,000 84.4% 15.6% Danny Prosky Jeff Hanson Mathieu Independent
Slide 15: Questions & Answers
Questions & Answers Please contact the AHR Investor Relations department at 844-460-9414 or visit www.AmericanHealthcareREIT.com with additional questions. Sign-up for automatic email alerts in the Investor Relations section of the website.
Slide 16: Appendix: Non-GAAP Reconciliation
APPENDIX: NON-GAAP RECONCILIATION Funds from Operations (“FFO”) and MFFO Due to certain unique operating characteristics of real estate companies, the National Association of Real Estate Investment Trusts, ("NAREIT"), an industry trade group, has promulgated a measure known as FFO, a non-generally a
Slide 17: Appendix: Non-GAAP Reconciliation
APPENDIX: NON-GAAP RECONCILIATION FFO and MFFO (continued) The IPA issued the Practice Guideline 2010-01, Supplemental Performance Measure for Publicly Registered, Non-Listed REITs: Modified Funds from Operations ("Practice Guideline"), which defines modified funds from operations as FFO further adj
Slide 18: Appendix: Non-GAAP Reconciliation
APPENDIX: NON-GAAP RECONCILIATION FFO and MFFO Reconciliation Net loss Depreciation and amortization related to real estate — consolidated properties Depreciation and amortization related to real estate — unconsolidated entities Impairment of real estate investments — consolidated properties (Gain)
Slide 19: Appendix: Non-GAAP Reconciliation
APPENDIX: NON-GAAP RECONCILIATION (1) (2) (3) 4) (5) (©) (7) (8) (9) (10) We recognized a gain upon the acquisition of the 50.0% controlling interest in a privately held company, RHS Partners, LLC., ("RHS"). Such acquisition resulted in the consolidation of RHS, which was previously accounted for as
Slide 20: Appendix: Non-GAAP Reconciliation
APPENDIX: NON-GAAP RECONCILIATION NOI NOI is a non-GAAP financial measure that is defined as net income (loss), computed in accordance with GAAP, generated from properties before general and expen: expenses, depreciation and amortization, interest expense, gain or loss on of real estate of goodwill,
Slide 21: Appendix: Non-GAAP Reconciliation
APPENDIX: NON-GAAP RECONCILIATION Segment NOI Information Senior Housin: i Year Ended ISHC SHOP MoBs Dicaed SNFs Hospitals December 31,2022 Revenues and grant income: Resident fees and services $ — 1,254,665,000 $ 157,491,000 $ 7 $ = $ = $ - $ — 1,412,156,000 Real estate revenue - - 148,717,000 20,8
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