Sachem Capital Corp. · AMEX:SACH
Sachem Capital — Investor Presentation (January 2023)
22 slides from Sachem Capital's investor presentation, Jan 27, 2023
Slide 1: Sachem Capital Corp. Investor Presentation – January 2023
NYSE - American: SACH Sachem Capital Corp. Investor Presentation – January 2023
Slide 2: Safe Harbor
NYSE - American: SACH Safe Harbor This presentation includes forward - looking statements . All statements in this presentation, other than statements of historical facts, including statements regarding our future results of operations and financial position, strategy and plans, and our expectations
Slide 3: Investment Highlights
NYSE - American: SACH Investment Highlights ▪ $448.5 Million portfolio as of September 30, 2022 ▪ No loan represents more than 10% of portfolio ▪ Target LTV (loan - to - value) of 70%; Target LTC (loan - to - cost) of 85% 3 Strong Diversified Portfolio with Excellent Credit Metrics Multi - pronged G
Slide 4: Key Metrics
NYSE - American: SACH Key Metrics 1 > $860 million in origination since inception > 1,830+ transactions completed loans funded in 14 states 83% of loans have term of less than 1 year total assets: $562 million $940 K average loan size 475+ loans in portfolio 11.3% average yield 4 1 All metrics as of
Slide 5: Competitive Advantage
NYSE - American: SACH Competitive Advantage Over 1,550 transactions completed More than $500M in origination since inception Operations in 3 states: TX, CT and FL Conduct lending services in 12 states 5 Favorably Positioned to Grow ▪ Able to structure loans to meet the unique needs and business plan
Slide 6: Investment Highlights
NYSE - American: SACH Investment Highlights ▪ Virtual lead - generation platform ▪ Significant repeat business ▪ Expanding into new states with favorable demographics and lending laws ▪ Acquisition of Urbane New Haven provides significant efficiency in construction management oversight 6 Disciplined
Slide 7: Loan Portfolio Overview
NYSE - American: SACH 43.5% 23.4% 12.9% 20.2% CT FL NY Other Loan Portfolio Overview 7 S UMMARY D ISTRIBUTION BY R EAL E STATE T YPE Data as of December 31, 202 2 50.7% 28.6% 14.2% 6.5% Residential Commercial Land Mixed Use S UMMARY D ISTRIBUTION BY S TATE
Slide 8: Compelling Growth Strategy
NYSE - American: SACH 8 Goal: To deploy larger amounts of capital with potentially higher returns, better sponsorship, and lower risk Take advantage of dislocation within the real estate lending sector Capitalize on opportunities due to structural changes that limit competitors’ lending Grow loan po
Slide 9: Consistent Portfolio Growth & Strong Performance
NYSE - American: SACH Consistent Portfolio Growth & Strong Performance 9 (1) Weighted average interest rate does not include origination fee income. S UMMARY L OAN P ORTFOLIO O VERVIEW T OTAL A SSET G ROWTH ($ IN M ILLIONS ) C UMULATIVE L OAN O RIGINATIONS ($ IN M ILLIONS ) Year - Ending ($ in Thous
Slide 10: Targeted Acquisition Contributes to Future Growth
NYSE - American: SACH Targeted Acquisition Contributes to Future Growth 10 • Acquired Urbane New Haven, LLC (“Urbane”), a premier real estate firm specializing in all phases of development and construction, including architecture, design, contracting, and marketing for more than 21 years • The trans
Slide 11: Target Market and Opportunity
NYSE - American: SACH Target Market and Opportunity 11 • Demand for property has outstripped supply • SBA can take 6+ months or longer to close on a large loan • Competitors have tightened lending criteria Developers, builders, and investors are facing tightening restrictions in the capital markets
Slide 12: Origination Locations
NYSE - American: SACH Origination Locations 12 Strong core Eastern Seaboard presence complemented by local lending capability Naples, FL Branford, CT
Slide 13: Focused Loan Products
NYSE - American: SACH Focused Loan Products 13 Fix - and - Flip Loans Bridge Loans Distressed / Foreclosure Loans Commercial Real Estate Development New Construction Loans Mission: To create value for our clients and shareholders with tailored solutions across real estate assets, that help build bet
Slide 14: Loan Diversification and Expansion
NYSE - American: SACH Loan Diversification and Expansion 14 Diversifying into larger real estate transactions Commercial Hotels Multi - family Case Studies ▪ $19.5 million loan for the purchase and conversion of a warehouse in Brighton, MA, into a 28 - unit condominium complex within an up - and - c
Slide 15: Turning Liabilities Into Assets
NYSE - American: SACH 15 Turning Liabilities Into Assets - Vacant, Unused, and Abandoned Properties: • Vacant and abandoned properties present daunting challenges to communities nationwide; they drag down local economies, impede population growth, depress property values, increase crime, and impose
Slide 16: Management Team
NYSE - American: SACH John L. Villano CPA, Chairman, Chief Executive Officer, President and Treasurer ▪ Chairman and Chief Executive Officer since the company’s inception in 2010 ▪ Responsible for overseeing all aspects of business operations, including loan origination and servicing, investor relat
Slide 17: Corporate Responsibility
NYSE - American: SACH Corporate Responsibility ▪ Commitment to Responsible Investing • Stabilizing and revitalizing previously vacant, abandoned or uninhabitable properties • Renovation projects improve safety, energy efficiency, useability , and affordability to meet the needs of today’s communitie
Slide 18: Investment Summary
NYSE - American: SACH Investment Summary ▪ $448.5 Million mortgage loan portfolio as of September 30, 2022 ▪ No loan represents more than 10% of portfolio ▪ Target LTV (loan - to - value) of 70%; Target LTC (loan - to - cost) of 85% 18 Strong Diversified Portfolio with Excellent Credit Metrics Multi
Slide 19: Appendix
NYSE - American: SACH Appendix 19
Slide 20: Third Quarter 2022 Key Metrics
NYSE - American: SACH Third Quarter 2022 Key Metrics ▪ Revenue of $13.5 million, up 58.9% from 3Q 2021 ▪ GAAP Net income of $4.1 million, or $0.11 per share ▪ Weighted average portfolio interest rate of 11.25%, not inclusive of fees 20 Earnings Liquidity Originations ▪ $35.5 million cash and cash eq
Slide 21: Balance Sheet Summary
NYSE - American: SACH Balance Sheet Summary 21 September 30, 2022 December 31, 2021 (unaudited) (audited) Assets: Cash and cash equivalents $ 35,464,257 $ 41,938,897 Investment securities 34,351,374 60,633,661 Mortgages receivable 448,524,665 292,301,209 Interest and fees receivable 5,746,907 3,693,
Slide 22: Income Statement Summary
NYSE - American: SACH Income Statement Summary 22 Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Revenue: Interest income from loans $ 11,545,748 $ 6,094,165 $ 30,490,694 $ 15,307,692 Investment gains, net 238,225 532,163 586,166 911,005 Income from partnership
Sachem Capital — Investor Presentation (January 2023) on 6ix