Welltower Inc. · NYSE:WELL
Welltower — Corporate Update (January 2021)
17 slides from Welltower's corporate update, Jan 19, 2021
Slide 1: Business Update January 2021
Exhibit 99.1 Business Update January 2021Exhibit 99.1 Business Update January 2021
Slide 2: Forward Looking Statements
Forward Looking Statements This document contains “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. When Welltower uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “pro forma,” “estimate” or similar exp
Slide 3: Recent Developments
Recent Developments Seniors Housing Operating (SHO) Portfolio Update (1) • Total SHO portfolio occupancy declined approximately 220 basis points (bps) during 4Q2020 from 78.4% to 76.2%. Month-to-date, occupancy has declined an additional 85bps, with occupancy of 75.3% as of January 15, 2021 • Occupa
Slide 4: Seniors Housing Operating & Triple-Net Portfolio Update
Seniors Housing Operating & Triple-Net Portfolio Update 4Seniors Housing Operating & Triple-Net Portfolio Update 4
Slide 5: Spectrum of Seniors Housing
Spectrum of Seniors Housing Seniors housing has many forms across acuity and cost spectrums from addressing the needs of the active senior who is looking for a home that is purpose-built and affordable to higher acuity in high barrier to entry markets Relative Cost of $ $$$ Care Senior Independent A
Slide 6: Seniors Housing Operator Platform | Power of Diversification
Seniors Housing Operator Platform | Power of Diversification Diversity Across Acuity, Geography and Operating Model Operator Diversification | Average Monthly Rent vs Average Portfolio Acuity $$$ $ Low Average Portfolio Acuity High 6 Monthly RentSeniors Housing Operator Platform | Power of Diversifi
Slide 7: SHO Portfolio | Occupancy Observations
SHO Portfolio | Occupancy Observations (1) Total SHO Portfolio Month-End Occupancy -80 bps 85% -230 bps 83% -170 bps -90 bps 81% -60 bps -60 bps 79% -30 bps -40 bps -70 bps -100 bps 77% 75% February March April May June July August September October November December 1. Occupancy represents approxim
Slide 8: SHO Portfolio | Move Ins & Move Outs
(1) SHO Portfolio | Move Ins & Move Outs Indexed Move Outs Since February 2020 Indexed Move Ins Since February 2020 120.0 120.0 20% Decline 76% Decline 161% Increase Feb→ Dec Feb → Apr Apr → Dec 109.0 100.0 100.0 101.8 100.0 100.0 80.0 80.0 84.5 82.8 82.9 81.7 80.0 79.6 78.4 78.5 78.2 78.2 74.0 71.3
Slide 9: SHO Portfolio | COVID-19 Impact Operations Update
(1) SHO Portfolio | COVID-19 Impact Operations Update Resident COVID-19 Cases – Trailing Two Weeks 1142 1,200 1058 1,000 • Operators continue to test new residents for COVID-19 885 791 prior to and post move-in and generally require a period 800 of self-quarantine post move-in 627 567 600 526 487 48
Slide 10: Triple-Net Portfolio Update
Triple-Net Portfolio Update 97% of rent due in 4Q2020 collected in Triple-Net portfolio (1) Triple-Net Coverages Operations Financials 2Q20 3Q20 Near-term pressure on coverage ratios is EBITDAR 1.04x 1.02x expected as fundamental performance is Recent operational headwinds comparable to anticipated
Slide 11: COVID-19 Path to Recovery Vaccine Update
COVID-19 Path to Recovery Vaccine Update (since prior Business Update) (1) • US Food and Drug Administration (FDA) granted Emergency Use Authorization (EUA) to Moderna for its vaccine on December 18, 2020 (2) • UK’s Medicines & Healthcare Products Regulatory Agency (MHRA) granted authorization for t
Slide 12: Vaccine and Therapeutics Timeline
Vaccine and Therapeutics Timeline 2Q20 3Q20 4Q20 2021 2Q20 Welltower engaged in active dialogue with CVS/Omnicare, Walgreens, and academic partners on testing, vaccine distribution and therapeutics (1) 3Q20 Gilead granted EUA for Remdesivir 3Q20 Welltower engaged in active dialogue with the NIH’s Wa
Slide 13: Outpatient Medical Portfolio Update
Outpatient Medical Portfolio Update 13Outpatient Medical Portfolio Update 13
Slide 14: Outpatient Medical | Update
Outpatient Medical | Update Operations • 93.7% portfolio occupancy at December 31, 2020 • All buildings are open and operating with enhanced maintenance and cleaning protocols Financial • Approximately 99% of rent due in 4Q2020 has been collected or had deferral requests approved by WELL • 99% repay
Slide 15: Investments & Balance Sheet Update
Investments & Balance Sheet Update 15Investments & Balance Sheet Update 15
Slide 16: Investment & Balance Sheet Highlights
Investment & Balance Sheet Highlights Notable Fourth Quarter & 2020 Highlights No material unsecured bond maturities before March 2023 (1) • Near-term liquidity of approximately $5.0 billion as of December 31, 2020 Baa1 BBB+ BBB+ • As of December 31, 2020, completed approximately $3.7 billion in pro
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