Epr Properties · NYSE:EPR
Epr Properties — Entertainment Properties Trust — Investor Presentation (December 2006)
23 slides from Epr Properties's investor presentation, Dec 18, 2006
Slide 1: Entertainment Properties Trust
ENTERTAINMENT PROPERTIES TRUST Slide 1
Slide 2: Prospectus
Prospectus The issuer has filed a prospectus in connection with an effective registration statement with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus, registration statement and other documents the issuer has filed with the SEC for m
Slide 3: Safe Harbor Statement
Safe Harbor Statement Except for historical information, the statements made in this presentation are forward-looking statements (as defined in the Private Securities Litigation Reform Act of 1995, identified by such words as "will be," "intend," "continue," "believe," "may," "expect," "hope," "anti
Slide 4: Safe Harbor Statement - continued
Safe Harbor Statement - continued The information in this presentation does not contain all the information that a potential investor should review before investing in our Series C Preferred Shares. Potential investors should carefully review in its entirety the Prospectus (and the Registration Stat
Slide 5: Offering Summary
Offering Summary Offering: 5.0 Million Series C Convertible Perpetual Preferred Shares ($125 Million) Over-allotment Option: 750K Shares ($18.75 Million) Liquidation Preference: $25.00 per share Ranking: Preferred, on parity to Series A and Series B preferred shares Dividend: 5.50%-5.75% Conversion
Slide 6: Agenda
Agenda Exhibition Industry Review EPR Properties Overview Financial Results Review Slide 6
Slide 7: Exhibition Industry Review
Exhibition Industry Review Slide 7
Slide 8: Box Office Revenues
Box Office Revenues **Projected based on current trend of 4% increase vs. last year Source: Nielsen EDI Revenue (in billions) ** Slide 8
Slide 9: Break Even Analysis
Break Even Analysis (in millions) Source: Operating Results of EPR Theatres Slide 9
Slide 10: EPR Properties Overview
EPR Properties Overview Slide 10
Slide 11: Portfolio Information
Portfolio Information Megaplex theatres 77 Entertainment based retail 20 Other1 3 Slice 8 Slice 9 Slice 10 Slice 11 Slice 12 Slice 13 Slice 14 Slice 15 Slice 16 EPR's Portfolio (based on Sq. Ft.) 1,423 screens 100% theatre occupancy 6.2 M SF (7.5M total) Avg. screens = 19 Avg. age < 5 years ~700 acr
Slide 12: Portfolio Metro Rankings
Portfolio Metro Rankings 36% @ #1 e.g. LA, Chicago, Miami, DC, Denver, San Diego, Detroit, KC, Raleigh, Little Rock 63% @ #1-3 e.g. Houston, Phoenix, Dallas, Chicago, Toronto, San Antonio, Tampa 91% @ Top 10 New York, Philadelphia, St. Louis, Toronto, Houston, Miami, Dallas Source: Nielsen EDI Slide
Slide 13: EPR's Theatre Tenants
EPR's Theatre Tenants Slide 13
Slide 14: EPR's Other Tenants
EPR's Other Tenants Slide 14
Slide 15: Property Map
Property Map - Indicate asset locations Geographically diverse portfolio in 26 states & Canada Slide 15
Slide 16: Financial Results Review
Financial Results Review Slide 16
Slide 17: Operating Performance History
Operating Performance History (in millions, except per share data) Slide 17
Slide 18: Balance Sheet Highlights
Balance Sheet Highlights (in millions) Slide 18
Slide 19: General and Administrative Expense
General and Administrative Expense Slide 19
Slide 20: Continuing the Trend of Double Digit Growth
Continuing the Trend of Double Digit Growth Slide 20
Slide 21: 2007 FFO/Share Market Guidance
$4.15 - $4.25 per share* 10% - 13% increase *Reflects the anticipated redemption of the 9.5% Series A Preferred Stock in 2007, but does not include the non-recurring expense of $2.2MM (~$.08/share) as a result of any such redemption. 2007 FFO/Share Market Guidance Slide 21
Slide 22: Capital Structure - September 30, 2006
Capital Structure - September 30, 2006 *Amended 2006 - incr. to $235 M, 50 bpts. lower; secured to unsecured Slide 22
Slide 23: Financial Results Summary
Financial Results Summary Conservative Balance Sheet Management Sustained Double Digit Growth in Assets, Revenues and Profits Significant Annual Dividend Increases Low Overhead/Variable Cost Structure Ready Access to Capital Markets/Decreasing Cost of Capital Slide 23
Entertainment Properties Trust — Investor Presentation (December 2006) on 6ix