Sonida Senior Living, Inc. · NYSE:SNDA
Sonida Senior Living — Capital Senior Living — Investor Presentation (November 2018)
16 slides from Sonida Senior Living's investor presentation, Nov 6, 2018
Slide 1: Capital Senior Living: A Leading Pure-Play Senior Housing Owner-Operator
Capital Senior Living A Leading Pure-Play Senior Housing Owner-Operator Exhibit 99.2
Slide 2: Forward-Looking Statements
Forward-Looking Statements 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 in the forward-looking statements, including, but not limited to, the Company’s abi
Slide 3: Non-GAAP Financial Measures
Non-GAAP Financial Measures Adjusted EBITDAR is a financial valuation measure and Adjusted Net Income/(Loss) and Adjusted CFFO are financial performance measures that are not calculated in accordance with U.S. generally accepted accounting principles (“GAAP”). Non-GAAP financial measures may have ma
Slide 4: Top-10 Operator and Pure-Play Senior Housing Company Portfolio Mix
Top-10 Operator and Pure-Play Senior Housing Company Portfolio Mix (Average Units) As of September 30, 2018 AR. 173 AZ. 189 CT. 238 FL. 429 IA. 122 IL. 762 IN. 2,440 MI. 173 MN. 173 MO. 662 MS. 143 NC. 457 SC. 683 NE. 650 NJ. 98 NY. 603 OH. 2,372 TX. 3,990 VA. 455 CA. 408 CA. 408 AZ. 189 Resident Ca
Slide 5: One of the Largest Senior Housing Owners by Percentage of Ownership
One of the Largest Senior Housing Owners by Percentage of Ownership Ownership Evolution Advantages to Real Estate Ownership Ownership of 10 Largest US Senior Housing Operators Value derived from owned real state and capture full benefit from operations Stronger margin profile Financed with attractiv
Slide 6: CSU's Pure-Play Private-Pay Senior Housing Model Similar to Multi-Family and Lodging
CSU’s Pure-Play Private-Pay Senior Housing Model has Many Similarities to the Multi-Family and Lodging Sectors, While Historically Providing Investors with Higher Returns Key Housing Sector Drivers Benchmarking the Housing Sector Senior Housing Yields Consistent High Investment Returns NCREIF Annual
Slide 7: The Senior Living Market Offers Attractive Long Term Fundamentals
The Senior Living Market Offers Attractive Long Term Fundamentals... U.S. population 75+ years old is expected to increase from ~6% of total current population to 12% by 2030 Current penetration rate implies demand growth of ~40K units per annum 75% of the Independent Living market and 63% of the As
Slide 8: CSU Has Limited Exposure to the Top MSAs with Highest Construction
CSU Has Limited Exposure to the Top 10 MSAs with the Highest Levels of Construction Source: NIC MAP Data Service data as of 9/30/2018. Senior Housing Construction vs. Inventory Across the U.S. Top 10 Highest Construction in MSAs Total CSU communities in top 10 highest construction MSAs (~4.0% of tot
Slide 9: Occupancy and Average Rent Monthly Trends
Occupancy and Average Rent Monthly Trends
Slide 10: Operational Initiatives
Operational Initiatives New Leadership in Operations, Human Resources, Sales and Marketing Restructure of our Sales and Marketing Organization Move to a more Centralized Operating Platform Rebasing of Expenses Scale Initiatives Implementing a common electronic information platform Innovative Referra
Slide 11: Strategic Focus Areas
Strategic Focus Areas Shift to a consistent operating model Centralize functions to create economies of scale Implemented a front-end procurement platform to reduce costs and centralize certain Account Payable functions Negotiating national contracts across several cost categories Implement a common
Slide 12: AL is a Lower Cost Alternative for Post-Acute Care
AL is a Lower Cost Alternative for Post-Acute Care Acute Care Post-Acute Care Continuum Hospital $2,271/day Long-Term Care Hospital $1,512/day Inpatient Rehab Facility $1,456/day Skilled Nursing Property $508/day Home w/ Home Health Care $145/day Assisted Living $150/day Sources: 1999 - 2015 AHA Ann
Slide 13: Quality, Service, People, Growth and Cost Pillars
Quality Uphold Highest Quality Standards Reduce Variation/Enhance Safety Service Maintain a Family-Centered Culture Implement Best Practices in Family Experience People Engage Colleagues Cultivate Talent Growth Serve New Residents Cost Move to Centralization/Standardization The Capital Operating Sys
Slide 14: CSU Received Top Scores in Resident Satisfaction
J.D. Power, a global marketing information company, recognized Capital Senior Living as one of the top senior living providers in the nation in their 2018 Senior Living Satisfaction Study The most important factors of satisfaction included: Community staff Convenient location Food and beverage Room,
Slide 15: Balance Sheet as of September 30, 2018
Balance Sheet as of September 30, 2018 Assets Cash and Securities $ 22.7 Other Current Assets 29.2 Total Current Assets 51.9 Fixed Assets 1,071.0 Other Assets 16.8 Total Assets $ 1,139.7 Liabilities & Equity Current Liabilities $ 84.0 Long-Term Debt 926.0 Other Liabilities 70.0 Total Liabilities 1,0
Slide 16: Debt Maturities
Debt Maturities Average duration of debt is 5.6 years, with approximately 93% of all debt maturing in 2021 and after ($ In thousands) Attractive fixed rate non-recourse mortgage loans
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