Sonida Senior Living, Inc. · NYSE:SNDA
Sonida Senior Living — Capital Senior Living — Q1 2019 Earnings Presentation
14 slides from Sonida Senior Living's earnings presentation, May 9, 2019
Slide 1: Capital Senior Living: A Leading Owner-Operator of Senior Living Communities and Services
Capital Senior Living A leading Owner-Operator of Senior Living Communities and Services Exhibit 99.2
Slide 2: Forward-Looking Statements & Non-GAAP Financial Measures
Forward-Looking Statements & Non-GAAP Financial Measures 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 st
Slide 3: Capital Senior Living at a Glance
Capital Senior Living at a Glance AZ. 189 CA. 408 128 Communities Operated 12,000+ Residents Served 23 States Dallas-based Capital Senior Living is one of the nation’s largest operators of independent living, assisted living and memory care communities for senior adults. Capital Senior Living provid
Slide 4: Implementing real change and charting a new path forward: Stabilize, Invest, Nurture, Grow
Implementing real change and charting a new path forward: Stabilize, Invest, Nurture, Grow Support the already-strong foundation and strengthen execution Invest in systems, promotion, and our real estate Strengthen the customer experience and relationship Growing occupancy and achieving top-line gro
Slide 5: New Strategy Builds on Solid Foundation: 2019 to 21 Strategic Pillars
STABILIZE New Strategy Builds on Solid Foundation 2019 to 2021 Strategic Pillars INVEST NURTURE GROW Optimize Execution Resident-Centric Experience Commercial Excellence Attractive Markets Technology & Analytics Organized for Success Talent Strategy Capital Strategy Scale Real Estate Innovative Prog
Slide 6: Strong Operator of Trusted Senior Living Communities
Strong Operator of Trusted Senior Living Communities Revenue Dollars In Millions Total # of Communities Operated NOI Dollars In Millions Significant growth in revenue and NOI since 2010, largely through acquisition. In 2014, we began conversions units from independent living to assisted living and m
Slide 7: Established Portfolio Provides Economies of Scale in a Highly-Fragmented Market
Senior Housing Operators (by Units) Established Portfolio Provides Economies of Scale in a Highly-Fragmented Market Approximately 1.6 million units are available in the US senior housing market. Capital Senior Living is one of the few operators able to Institute broad best practices Implement portfo
Slide 8: Market Forces: Aligning Strategy with Key Needs
Market Forces: Aligning Strategy with Key Needs Rise in dementia and other conditions requiring constant care & monitoring Changing Availability and proximity of family caregivers Local market senior housing demand and supply Regulatory and legislative climate with increased focus on senior well-bei
Slide 9: Owning our real estate provides significant financial and operational advantages
Owning our real estate provides significant financial and operational advantages Ownership Evolution Real Estate Ownership Provides Flexibility and Opportunities Ownership of 10 Largest US Senior Housing Operators Value derived from owned real while capturing full benefit from operations Stronger ma
Slide 10: Balance Sheet as of March 31, 2019
Balance Sheet as of March 31, 2019 Assets ($ in millions) Cash and Securities $ 35.2 Other Current Assets 27.7 Total Current Assets 62.9 Fixed Assets 1,023.7 Other Assets 256.9 Total Assets $ 1,343.5 Liabilities & Equity ($ in millions) Current Liabilities $ 110.7 Long-Term Debt 952.7 Other Liabilit
Slide 11: Debt Maturities
$ in thousands Debt Maturities * * Excludes Kokomo bridge loan of $3.5M which was paid off as a result of the sell of Kokomo on 5/1/19 Average duration of debt is 6.3 years, with approximately 93% of all debt maturing in 2021 and after. Expect to extend $65 million bridge loan currently expiring in
Slide 12: NNN Leases Represent 36% of Total Portfolio
NNN Leases Represent 36% of Total Portfolio September 2025 7 Communities October 2020 9 Communities April 2026 6 Communities April 2025 8 Communities September 2025 12 Communities April 2026 4 Communities 128 Total Properties CSU Portfolio
Slide 13: Strong and Experienced Leadership
Strong and Experienced Leadership Kim Lody Carey Hendrickson Mike Fryar David Brickman Jeremy Falke Chief Executive Officer, President and Director Executive VP Chief Financial Officer Senior VP Chief Revenue Officer Senior VP General Counsel Senior VP Human Resources Joined CSL Jan 2019 Joined CSL
Slide 14: Investment Rationale
Investment Rationale 1 2 3 4 5 Sizeable, fragmented markets with unmet needs Owner-operator model provides financial and operational advantages Fresh leadership, strategy, structure, and focus 30-years of experience caring for seniors Significant opportunity for near-term operational improvement and
Capital Senior Living — Q1 2019 Earnings Presentation on 6ix