National Healthcare Properties, Inc. · NASDAQ:NHP
National Healthcare Properties — Healthcare Trust — Q4 2021 Earnings Presentation
22 slides from National Healthcare Properties's earnings presentation, March 2022
Slide 1: Healthcare Trust, Inc. Fourth Quarter 2021 Investor Webcast Presentation
Healthcare Trust, Inc. Fourth Quarter 2021 Investor Webcast Presentation 1
Slide 2: Q4'21 Company Overview
Q4’21 Company Overview HTI is a $2.6 billion(1) healthcare REIT with a high-quality portfolio focused on two segments, Medical Office Buildings (“MOB”) and Senior Housing Operating Properties (“SHOP”) ✓ High-quality portfolio featuring 202 healthcare properties that are 72% MOB and 28% SHOP(2) ✓ Geo
Slide 3: 100% MOB Original Cash Rent Collection
100% MOB Original Cash Rent Collection HTI collected all of the original Cash Rent and deferred rent due across the MOB portfolio in 2021 and management expects to continue to collect all Cash Rent due Quarterly Original Cash Rent Collection Rates 100% 100% 100% 100% 100% 100% 98% Q2'2020 Q3'2020 Q4
Slide 4: Portfolio Snapshot
Portfolio Snapshot High-quality healthcare portfolio featuring an MOB portfolio that is 91% occupied(1) and has embedded long-term rent growth and a 4,500-unit SHOP portfolio that is operated by two best-in-class healthcare operators and has significant Occupancy upside ($ in millions and SF in thou
Slide 5: Dynamic Portfolio Fundamentals
Dynamic Portfolio Fundamentals HTI is focused on deploying capital into select, high-quality MOB and SHOP assets throughout the United States and increasing portfolio Occupancy Portfolio Highlights High-Quality Portfolio ✓ MOB portfolio diversified across 28 states and primarily features long-term l
Slide 6: Strategic Partners
Strategic Partners HTI partners with top healthcare brands in well-established markets MOB SHOP ✓ DaVita (NYSE: DVA) and Fresenius (NYSE: FMS) are industry leading publicly traded companies with a combined market cap of $31 billion(1) ✓ Streamlined SHOP portfolio operators to feature two best-in-cla
Slide 7: Diligent Acquisition Program
Diligent Acquisition Program 2021 closed acquisitions of $160 million at a 7.7% weighted average Cap Rate includes three acquisitions closed in Q4’21 for $13 million at a 7.4% weighted average Cap Rate and an $80 million single-tenant MOB acquisition in Q3’21 with nearly 17 years of Lease Term Remai
Slide 8: Conservative Leverage Profile
Conservative Leverage Profile HTI continues to manage its capital structure and improved Net Leverage(3) by 4% and increased Liquidity by $175 million year-over-year, ensuring financial flexibility and acquisition capacity Debt Capitalization(1) ($mm) Q4’20 Q4’21 Balanced Capital Structure Mortgage
Slide 9: Key Operating Highlights
Key Operating Highlights In 2021, HTI executed on its operating initiatives by focusing on growing its portfolio of high-quality and resilient MOB assets, maintaining high MOB Occupancy and enhancing its balance sheet by improving Net Leverage and Liquidity Operating Highlights Strong Acquisition Pa
Slide 10: Company Highlights
Company Highlights HTI remains focused on generating leasing momentum, collecting 100% of the original Cash Rent due across the MOB portfolio and acquiring high-quality MOB properties while constructing a conservative balance sheet ✓ Collected approximately 100% of the Cash Rent due from HTI’s MOB p
Slide 11: Experienced Leadership Team
Experienced Leadership Team Michael Weil Leslie D. Michelson Scott Lappetito Chief Executive Officer Non-Executive Chairman, Audit Chief Financial Officer, Secretary, and Committee Chair Treasurer Mr. Weil was named Healthcare Trust Inc.’s chief executive officer on August 23, 2018, which went into
Slide 12: Dedicated SHOP Team
Dedicated SHOP Team John Rimbach joined the management team of HTI’s advisor along with his key operating personnel from WESTLiving. This experienced group plays an essential role in managing HTI’s significant operating portfolio John Rimbach: President of Healthcare Facilities ▪ Former President, C
Slide 13: Strong Corporate Governance
Strong Corporate Governance Majority Independent Board of Directors, including an audit committee and nominating and corporate governance committee comprised solely of independent directors Board of Directors Leslie Michelson Non-Executive Chairman, Audit Committee Chair Chairman of Private Health
Slide 14: Legal Notice
HEA WUST INC Legal Notice
Slide 15: Disclaimer
Disclaimer References in this presentation to the “Company,” “we,” “us” and “our” refer to Healthcare Trust, Inc. (“HTI”) and its consolidated subsidiaries. The statements in this presentation that are not historical facts may be forward-looking statements. These forward-looking statements involve r
Slide 16: Forward Looking Statements
Forward Looking Statements Certain statements made in this presentation are “forward-looking statements” (as defined in Section 21E of the Exchange Act), which reflect the expectations of the Company regarding future events. The forward-looking statements involve a number of risks, uncertainties and
Slide 17: Forward Looking Statements (Continued)
Forward Looking Statements (Continued) • We focus on acquiring and owning a diversified portfolio of healthcare-related assets located in the United States and are subject to risks inherent in concentrating investments in the healthcare industry. • The healthcare industry is heavily regulated, and w
Slide 18: Appendix
HEA WUST INC Appendix
Slide 19: Definitions
Definitions Annualized Straight-Line Base Rent: Represents the total contractual base rents on a straight-line basis to be received throughout the duration of the lease currently in place expressed as a per annum value. Includes adjustments for non-cash portions of rent. Cap Rate: Capitalization rat
Slide 20: Reconciliation of Non-GAAP Metrics: NOI
Reconciliation of Non-GAAP Metrics: NOI Twelve Months Ended December 31, 2021 Seniors Housing Medical Office — Operating (In thousands) Buildings Properties Consolidated Revenue from tenants $ 122,867 $ 206,488 $ 329,355 Property operating and maintenance (34,480) (171,333) (205,813) NOI $ 88,387 $
Slide 21: Reconciliation of Non-GAAP Metrics: NOI
Reconciliation of Non-GAAP Metrics: NOI Three Months Ended December 31, 2021 Seniors Housing Medical Office — Operating (In thousands) Buildings Properties Consolidated Revenue from tenants $ 32,115 $ 50,638 $ 82,753 Property operating and maintenance (8,507) (45,173) (53,680) NOI $ 23,608 $ 5,465 2
Slide 22: Shareholder account information
▪ For account information, including balances and the status of submitted paperwork, please call us at (866) 902-0063 ▪ Financial Advisors may view client accounts at www.computershare.com/advisorportal HealthcareTrustInc.com ▪ Shareholders may access their accounts at www.computershare.com/hti 22