Chiron Real Estate Inc. · NYSE:XRN
Chiron Real Estate — Global Medical REIT — Investor Presentation (November 2021)
24 slides from Chiron Real Estate's investor presentation, Nov 9, 2021
Slide 1: Investor Presentation November 2021
NIMBLE. TENACIOUS. DISCI P LINED. Investor Presentation November 2021
Slide 2: Our goal is to deliver attractive, risk-adjusted returns in healthcare assets
Our goal is to deliver attractive, risk - adjusted returns by investing in quality healthcare assets. As a net - lease medical office real estate investment trust (REIT), we target properties operated by profitable healthcare systems or physician groups that are at the forefront of delivering needed
Slide 3: Company Highlights
COMPANY HIGHLIGHTS 3 • Strategically curated, high - quality portfolio with excellent diversification across tenant/operators and markets • Focused growth strategy with proven results; acquired over $1.3 billion since IPO, and $163 million year - to - date 2021 • Strong asset management expertise dr
Slide 4: A Strategy That Delivers Value
4 A STRATEGY THAT DELIVERS VALUE $1.3B Investments in Real Estate Gross $969MM Market Cap 7.8% Weighted Average Cap Rate 5.6% Dividend Yield As of September 30, 2021.
Slide 5: CEO quote: scale, balance sheet and investment philosophy
5 “Our scale, balance sheet and proven investment philosophy put GMRE in an excellent position to continue to grow and drive shareholder value.“ Jeffrey Busch Chairman, Chief Executive Officer and President
Slide 6: Superior Total Shareholder Return
SUPERIOR TOTAL SHAREHOLDER RETURN 160.0% 140.0% 120.0% 100.0% 80.0% 60.0% 40.0% 20.0% 0.0% - 20.0% - 40.0% GMRE Total Return vs. Indices G MRE Russell 2000 S&P 500 MSCI US REIT (RMS) 6 As of September 30, 2021.
Slide 7: High Performing Real Estate at the Forefront of Healthcare
HIGH PERFORMING REAL ESTATE AT THE FOREFRONT OF HEALTHCARE 4.6X RENT COVERAGE WEIGHTED AVERAGE RENT ESCALATIONS 2.1 % 7.3 WEIGHTED AVERAGE LEASE TERM 163 BUILDI N GS 177 TEN A N TS 98.9% OCCUPANCY 4.2MM Net Leasable Area (SF) 7 As of September 30, 2021.
Slide 8: Diverse, Well-Positioned Portfolio
DIVERSE, WELL - POSITIONED PORTFOLIO 4 2 .6% 1 8 .1% 4.5% 1 8 .6% 6.6% 9.6% MOB M OB / ASC M OB / Im a ging / E R IRF Surgical Hospital Other 8 As of September 30, 2021.
Slide 9: Investing in the Future of Healthcare
INVESTING IN THE FUTURE OF HEALTHCARE 9
Slide 10: CIO quote: finding value overlooked by other investors
“We dig deeper to find value in properties and markets that other investors overlook. Our unique strategy is bolstered by favorable demographic trends and the shift in healthcare delivery to local markets and the smaller, specialized facilities we invest in.” Alfonzo Leon Chief Investment Officer 10
Slide 11: $1.3B and Continuing to Grow
$1.3B AND CONTINUING TO GROW $94 $207 $472 $648 $906 $1,312.00 $1,143 $0 $ 2 00 $ 4 00 $ 6 00 $ 8 00 $ 1 ,0 0 0 $ 1 ,2 0 0 $ 1 ,4 0 0 At IPO 2 0 16 2 0 17 2 0 18 2 0 19 2 0 20 2021 YTD 74% CAGR Since IPO Gross Real Estate Assets in Millions 11 AS OF 9/30/2021 As of September 30, 2021.
Slide 12: A Distinct Approach
A DISTINCT APPROACH DISCIPLINED MARKET SELECTION • Bedroom communities • Secondary markets with favorable demand drivers • Positioned to benefit from decentralization trends STRINGENT UNDERWRITING AND DUE DILIGENCE • Uncover mispriced acquisition opportunities • Sustainable cash flows • Attractive l
Slide 13: Investing in the Future of Healthcare
INVESTING IN THE FUTURE OF HEALTHCARE 9 0 % of Americans age 50 and older want to age in place. 1 6 5 % of seniors between the ages of 60 and 70 find it “very easy” to live independently. 2 As American’s choose to age in place, demand for conveniently located healthcare will continue to increase. 1)
Slide 14: A Long Runway for Accretive Growth
A LONG RUNWAY FOR ACCRETIVE GROWTH Our pipeline is full of opportunity, but it’s our distinct strategy and due diligence that allows us to execute the right deals to drive value. 14 $20B Medical Office and In - Patient Real Estate Transactions Annually $2B in Targeted Markets, Property Types and Cap
Slide 15: COO quote: building enduring relationships
“We don’t look at investing in real estate as a single activity to be completed but as the first step in building an enduring relationship.” Danica Holley Chief Operating Officer 15
Slide 16: Profitable, Strong Healthcare Tenants
DOMINANT LOCAL PHYSICIAN GROUPS FOR - PROFIT SYSTEMS AFFILIATIONS AND SURGICAL OPERATOR PARTNERSHIPS PROFITABLE, STRONG HEALTHCARE TENANTS 16 NOT - FOR - PROFIT HEALTH SYSTEMS AFFILIATIONS
Slide 17: Tenant testimonial: Gastro One
“With an attentive, flexible and creative approach, Global Medical REIT worked with us to structure a transaction that met our goals and helped propel our growth. GMRE has been a helpful partner and resource since our closing.” David Harano former CEO, Gastro One 17
Slide 18: CFO quote: strengthening the balance sheet
“We continue to strengthen our balance sheet and improve our credit metrics to build a strong foundation for our future growth . ” Robert Kiernan Chief Financial Officer and Treasurer 18
Slide 19: Strong Capital Structure Providing Access to Multiple Capital Sources
STRONG CAPITAL STRUCTURE PROVIDING ACCESS TO MULTIPLE CAPITAL SOURCES 19 LEVERAGE RATIO • 42.9% AVAILABLE CAPACITY • $6.0 million cash on hand • $240 million LOC Availability* • Multiple sources of capital, including: OP Units, ATM, Preferred equity, secured and unsecured debt $ - $200,000 $400,000
Slide 20: Institutional Knowledge, Hands-On Approach
INSTITUTIONAL KNOWLEDGE, HANDS - ON APPROACH Jeffrey Busch — Chairman, Chief Executive Officer and President 20+ years of experience in healthcare, real estate development, management and investment Robert Kiernan — Chief Financial Officer and Treasure 30+ years of experience in financial accounting
Slide 21: Highly Skilled and Diverse Board
HIGHLY SKILLED AND DIVERSE BOARD Jeffrey Busch — Chairman, Chief Executive Officer and President 20+ years of experience in healthcare, real estate development, management and investment. Matthew Cypher, PH.D — Investment Committee Chair, Nominating and Governance Committee Member Professor at Georg
Slide 22: Committed to Corporate Responsibility
• Collecting tenant data to benchmark energy consumption and efficiency • Created an ESG working group • Completed inaugural GRESB submission • Employee engagement, health, safety and work - life balance • Board of Directors - 33% women and 55% of individuals from underrepresented groups • Joined Na
Slide 23: Forward Looking Statement
FORWARD LOOKING STATEMENT This presentation is for informational purposes only and does not constitute an offer to sell, or a solicitation of offers to purchase, Global Medical REIT Inc.’s (the “Company”, or “GMRE”) securities. The information contained in this presentation does not purport to be co
Slide 24: Disclosures
DISCLOSURES Rent Coverage Ratio For purposes of calculating our portfolio weighted - average EBITDARM coverage ratio (“Rent Coverage Ratio”), we excluded credit - rated tenants or their subsidiaries for which financial statements were either not available or not sufficiently detailed. These ratios a
Global Medical REIT — Investor Presentation (November 2021) on 6ix