StorageVault Canada Inc. · TSX:SVI

StorageVault Canada — Investor Presentation (October 2023)

25 slides from StorageVault Canada's investor presentation, Oct 25, 2023

  1. Slide 1: Q3 2023 Investor Presentation

    Q3 2023 INVESTOR PRESENTATION OCTOBER 25, 2023

  2. Slide 2: StorageVault Overview

    STORAGEVAULT OVERIEW OVERVIEW  SVI currently owns 209 locations with over 11.5 million sq ft of rentable storage space (101,104 units) on over 677 acres across Canada with over 1.5 million sq ft of expansion potential within these locations  SVI’s largest shareholder is Access Self Storage Inc. (3

  3. Slide 3: SVI – Investment Highlights

    SVI – INVESTMENT HIGHLIGHTS INVESTMENT HIGHLIGHTS  A growing, unique combination of value and growth, cash flowing business, requiring minimal capital expenditures while providing strong FFO  Over $2.09B in accretive acquisitions since April 2015. Over $775M transactions closed in the last 3 years

  4. Slide 4: Industry Overview

    INDUSTRY OVERVIEW

  5. Slide 5: Industry Overview

    INDUSTRY OVERVIEW INDUSTRY OVERVIEW  Storage is the top performing real estate asset class in the US over the past 10, 15, 20 and 25 year periods(1) and in Canada over the last 10 years  Bargaining Power of Suppliers: Very Low – historically almost non-existent  Demand is driven by population gro

  6. Slide 6: Industry Overview – Top Operators

    INDUSTRY OVERVIEW – TOP OPERATORS Canada CompanyA Ticker Stores StorageVault SVI 240 StorageMart - 70 Public Storage - 66 Mini Mall Storage - 55 Apple Storage - 45 U.S. CompanyA Ticker Stores Public Storage PSA 3,310 Extra Space StorageB EXR 2,177 CubeSmart CUBE 1,289 National Storage Affiliates NSA

  7. Slide 7: Industry Dynamics

    INDUSTRY DYNAMICS INDUSTRY DYNAMICS The superior performance of the storage industry has been the result of the following factors:  Bargaining Power of Buyers: Very Low – small $ purchase, high switching costs  Bargaining Power of Suppliers: Very Low – historically almost non-existent  Intensity

  8. Slide 8: Industry Performance

    INDUSTRY PERFORMANCE WHY WILL THIS SUPERIOR PERFORMANCE CONTINUE?  Canadian population continues to grow – it is now projected to be 100 million by 2100  Average condo/apartment size continues to shrink  Canadians continue to acquire more “stuff”  The USA has an average of 8.3 sq ft of storage p

  9. Slide 9: Consistent Outperformance

    INDUSTRY POSITIVE: SELF STORAGE HAS DELIVERED THE HIGHEST ROI AND CONSISTENT OUTPERFORMANCE LOWEST VOLATILITY OF ANY REIT SECTOR Since 1994, self storage REIT returns have outperformed all other equity REIT sectors while experiencing the least volatility  The industry is expected to continue to gen

  10. Slide 10: Industry Performance

    INDUSTRY PERFORMANCE CANADIAN POPULATION GROWTH 2010 - 2100 Canadian Population Projected to Grow to 100M by 2100 Population (Millions) 100.0 Trudeau Projection 100 million 90.0 High Growth 80.0 83 million 70.0 Conservative 60.0 Growth 63 million 50.0 40.0 30.0 2015 2025 2035 2045 2055 2065 2075 208

  11. Slide 11: SVI Overview

    fl SENTINEL STORAGE wa ! SVI OVERVIEW ©

  12. Slide 12: SVI – Asset Overview

    SVI – ASSET OVERVIEW CURRENT PORTFOLIO DETAILS  209 stores owned and 31 managed totalling 240 stores  Over 11.5 million sq ft of rentable storage space  101,104 units  Over 677 acres across Canada  Over 1.5 million sq ft in expansion potential – we expect to complete another 40,000 square feet

  13. Slide 13: Our National Footprint

    OUR NATIONAL FOOTPRINT 18 44 7 11 12 26 122 240 locations owned and managed OUR BRANDS across Canada and growing! 13

  14. Slide 14: Financial Performance

    FINANCIAL PERFORMANCE FINANCIAL PERFORMANCE  SVI has experienced rapid store growth, more than 72X its asset base since 2014  Stores require very little capital expenditure  Annual maintenance capex represents 4% to 5% of revenues with less than 1% being capitalized STORE COUNT, NOI AND AFFO GROW

  15. Slide 15: Share Price Performance

    SHARE PRICE PERFORMANCE SHARE PRICE PERFORMANCE (1) 8.00 7.75 31-Dec-21 7.50 Closed on $270M in 09-Jan-2023 7.25 acquisitions in 2021 Closed on $150M bought offering 7.00 debenture 6.75 6.50 6.25 6.00 5.75 5.50 5.25 04-Jan-22 5.00 20-July-20 Closed on $75M Share price reaches 4.75 31-Dec-19 bought o

  16. Slide 16: Capital Structure & Shareholders

    CAPITAL STRUCTURE & SHAREHOLDERS MAJOR SHAREHOLDERS Shareholders Shares % of Basic Access Self Storage Inc. 137.19MM 36.5% 1934255 Ontario Inc. (50% owned by Access Storage) 16.2MM 4.18% BMO Asset Management Inc. 10.06MM 2.68% CIBC Asset Management 8.43MM 2.24% T. Price Rowe International Ltd. 8.28M

  17. Slide 17: Corporate Governance - Acquisitions

    CORPORATE GOVERNANCE - ACQUISITIONS ACQUISITIONS  SVI purchases assets from related parties, in particular from Access Storage. To govern such potential related party transactions the Corporation has established an Acquisition Committee and developed an Acquisition Committee Mandate  The Acquisiti

  18. Slide 18: Why Storage Is a Smart Place to Invest

    WHY STORAGE IS A SMART PLACE TO INVEST A SMART PLACE TO INVEST  Business is driven by population growth - Canadian population is now projected to grow from 36 million to over 100 million by 2100 – and change in circumstances  Average house and apartment sizes continue to shrink  Since 2015, SVI c

  19. Slide 19: Appendices

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  20. Slide 20: Contacts

    CONTACTS INVESTOR RELATIONS [email protected] 1.877.622.0205 STEVEN SCOTT Chief Executive Officer IQBAL KHAN Chief Financial Officer 20

  21. Slide 21: Management and Board of Directors

    Jay Lynne Fleming Director & Chair of the Governance, Nominating and Compensation In 1999, Ms. Fleming founded Storage For Your Life which was sold to the Corporation in September 2015. She currently serves the Corporation as a director and as a member of the Audit Committee, the Governance, Nominat

  22. Slide 22: SWOT Matrix

    SWOT MATRIX Entry Barriers Rivalry Determinants Determinants of Buyer Power Determinants of Supplier Power Determinants of Substitution Threat 22

  23. Slide 23: Forward Looking Statements

    This presentation contains “forward-looking information” within the meaning of applicable Canadian securities legislation. All statements, other than FORWARD LOOKING STATEMENTS statements of historical fact, included herein are forward-looking information. Generally, forward-looking information may

  24. Slide 24: Rights of Action for Damages or Rescission

    The following statutory rights of action for damages or rescission will only apply to a purchaser of securities of StorageVault in the event that this corporate presentation is deemed to be an offering memorandum pursuant to applicable securities legislation in certain provinces of Canada. These rem

  25. Slide 25: Thank You

    STORAGEVAULT = tHanx you

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