Sonida Senior Living, Inc. · NYSE:SNDA
Sonida Senior Living — Capital Senior Living — Investor Presentation (2019)
14 slides from Sonida Senior Living's investor presentation, 2019
Slide 1: Capital Senior Living
Capital Senior Living A leading Owner-Operator of Senior Living Communities and Services
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 128 12,000+ 23 $460M 7,500+ Communities Residents States 2018 Revenue Employees Operated Served • 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. • Capi
Slide 4: Charting a New Path Forward
Charting a New Path Forward 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 oc
Slide 5: New Strategy Builds on Solid Foundation
New Strategy Builds on Solid Foundation 2019 to 2021 Strategic Pillars STABILIZE INVEST NURTURE GROW Optimize Execution Resident-Centric Experience Commercial Excellence Attractive Markets • Technology & Analytics • Real Estate • Omni-Channel Marketing • Organic sales • Organized for Success • Innov
Slide 6: Strong Operator of Trusted Senior Living Communities
Strong Operator of Trusted Senior Living Communities Total # of Communities Operated Occupancy % 121 129 129 129 88.3 87.7 • Significant growth in revenue 117 87.0 87.1 101 113 84.7 86.3 86.6 and NOI since 2010, largely 84 83.1 83.2 through acquisition. 77 • In 2014, we began converting units from i
Slide 7: Established Portfolio Provides Economies of Scale in a Highly-Fragmented Market
Established Portfolio Provides Economies of Scale in a Highly- Fragmented Market Senior Housing Operators Industry Mix by Level of Care (by Units) (by Units) 10.78% Memory Care 4.17% (MC), 14% Top 10 Operators Independent Top 25 Operators Living (IL), 44% Remaining Market Assisted Living 85.05% (AL)
Slide 8: Market Forces: Aligning Strategy with Key Needs
Market Forces: Aligning Strategy with Key Needs Growth in target demographics Rise in dementia and other Macroeconomic conditions and Growth in Population by Select Cohorts conditions requiring constant care target demographic access to 10.00% & monitoring individual wealth 8.00% Yield Curve for U.S
Slide 9: Real Estate Ownership a Key Differentiator
Owning our real estate provides significant financial and Real Estate Ownership a Key Differentiator operational advantages Ownership Evolution Real Estate Ownership Provides Flexibility and Opportunities Value derived from owned real estate while capturing full benefit from operations 128 Total
Slide 10: Balance Sheet as of March 31, 2019
Balance Sheet as of March 31, 2019 Assets ($ in millions) Liabilities & Equity ($ in millions) Cash and Securities $ 35.2 Current Liabilities $ 110.7 Other Current Assets 27.7 Long-Term Debt 952.7 Total Current Assets 62.9 Other Liabilities 246.2 Fixed Assets 1,023.7 Total Liabilities 1,309.6 Other
Slide 11: Debt Maturities
Debt Maturities Key Take Away • Average duration of debt is 6.3 years, with approximately 93% of all debt maturing in 2021 and after. $540,967 • Expect to extend $65 million bridge loan currently expiring in 2020 for an additional two years. $256,202 $65,000* $62,140 $38,998 $0 $11,189 2019 2020 202
Slide 12: NNN Leases Represent 36% of Total Portfolio
NNN Leases Represent 36% of Total Portfolio CSU Portfolio Owned Leased October 2020 9 Communities April 2025 April 2026 8 Communities 46 6 Communities September 2025 12 Communities 82 April 2026 128 Total September 2025 4 Communities Properties 7 Communities DISCOVER the difference 12
Slide 13: Strong and Experienced Leadership
Strong and Experienced Kim Lody Carey Hendrickson Mike Fryar David Brickman Jeremy Falke Leadership 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 Owner-operator model provides Sizeable, fragmented financial and operational Fresh leadership, strategy, markets with unmet needs advantages structure, and focus 1 2 3 4 5 30-years of experience Significant opportunity for near- caring for seniors term operational improvement an