Apartment Investment And Management Company · NYSE:AIV
Apartment Investment And Management — Debt Investor Presentation (November 2008)
10 slides from Apartment Investment And Management's debt investor presentation, Nov 6, 2008
Slide 1: November 2008
November 2008 3400 Avenue of the Arts Costa Mesa, CA Park Towne Place Philadelphia, PA Calhoun Beach Club Minneapolis, MN Malibu Canyon Calabasas, CA
Slide 2: Forward-looking Statements and Other Information
This presentation contains forward-looking statements, including various scenarios to evaluate liquidity, coverage ratios and sources and uses. For purposes of analysis, the presentation includes a number of different scenarios based on a variety of assumptions and does not necessarily reflect Aimco
Slide 3: Introduction
Every year at this time, Aimco meets with the participants in Aimco's syndicated credit facility. Material from the presentation made to the bank group is also a useful follow-up to many of the items discussed in Aimco's third quarter 2008 earnings release and related earnings conference call, which
Slide 4: Liquidity, Coverage Ratios and Sources and Uses
2009 Liquidity, Coverage Ratios and Sources and Uses
Slide 5: 2009 Base Case assumptions
As we plan for 2009, we have analyzed our liquidity, coverage ratios and sources and uses under a variety of scenarios. The Base Case for 2009 includes the assumptions described below. Please note that these assumptions are not intended as the basis for 2009 earnings guidance and are before the comp
Slide 6: Base Case Scenario
2009 Base Case Scenario - Hypothetical Results This information is not intended as the basis for 2009 earnings guidance. These scenarios are for analytical purposes only and are based on preliminary and high-level estimates and before the completion of Aimco's full 2009 budget process. Accordingly,
Slide 7: Recession Scenario
2009 Recession Scenario - Hypothetical Results In order to understand how changes to certain Base Case assumptions would affect our analysis, we have provided certain additional scenarios. The Recession Scenario contains all of the Base Case assumptions except NOI growth is assumed to be negative 5%
Slide 8: Additional Sales Scenario
2009 Additional Sales Scenario - Hypothetical Results In order to understand how changes to certain Base Case assumptions would affect our analysis, we have provided certain additional scenarios. The Additional Sales Scenario contains all of the Base Case assumptions except we assume an additional $
Slide 9: 2009 - 2012 Sources and Uses - Assumptions
We have analyzed our sources and uses through 2012, as well as potential mitigating items that could reduce any cash deficits. In order to stress test our 2009-2012 sources and uses, we have projected 2010- 2012 based on the 2009 Base Case with the following adjustments: NOI is held flat; Redevelopm
Slide 10: 2009 - 2012 Sources and Uses
2009 - 2012 Sources and Uses - Hypothetical Results
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