Annual General Meeting Presentation-vFinal-2 · flow ~10 years Approximate effective age of...

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Annual General Meeting May 15, 2019 11:00 AM EST 333 Bay Street, Suite 2400 Toronto, ON

Transcript of Annual General Meeting Presentation-vFinal-2 · flow ~10 years Approximate effective age of...

Annual General Meeting

May 15, 201911:00 AM EST

333 Bay Street, Suite 2400Toronto, ON

Annual General Meeting

Agenda

• Chairman’s Opening Remarks

o Appointment of Secretary and Scrutineer

o Constitution of Meeting

o Financial Statements and Auditors’ Report

• Election of Directors

• Appointment of Auditors

• Management Presentation

• Termination of the Meeting

• Management Question Period

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Chairman’s Remarks

• Appointment of Security and Scrutineer

• Constitution of Meeting• Financial Statements

and Auditor’s Report

Scott White, Chairman & CEO

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Annual General Meeting

Election of Directors

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Scott WhiteChairman & CEO

Brad BenbowDirector

Shaun HawkinsDirector

Chuck HermanLead Independent Director

Randy MaultsbyDirector

Adlai ChesterDirector & CIO

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Appointment of Auditors

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Invesque at a Glance

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Macro OpportunityMassive wave of aging baby boomers will utilize greater health care service and spend more dollars on health care. We are just beginning and the real growth is ahead.

MissionWe are committed to owning best-in-class properties, providing our partners with an environment to succeed and our shareholders with long-term value, growth, stability and ultimately and investment opportunity that matters.

StrategyBuild a highly diversified portfolio of income generating health care real estate. Diversify by type of asset, geography, payor source and operator. Operating partners are the key to our success.

Investment ThesisHealth care real estate generates long-term, out-paced risk adjusted returns. While any particular asset class may come in and out of favor in any cycle, long-term, patient investors, will be rewarded.

Annual General Meeting

Invesque Portfolio Snapshot

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102Properties

8,500+Beds/Suites

577,000MOB ft2

~2.2%avg. annual

rental escalators(1)

~12.5 yearsWeighted average

lease maturity

Triple-net lease and joint venture structure provides stable cash

flow

~10 yearsApproximate effective

age of portfolio

Geographically diversified across 20 states & 2 Canadian Provinces

(1) Triple net lease portfolio

20Partnerships with

high-quality operators

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Building a Strong Platform

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11 Properties$303 million

Oct 2015/Apr 2016Invesque Affiliate

Acquired Symphony Portfolio

23 Properties$443 million

Jun 2016$109 millionInitial Equity

Offering

Oct 2016

28 Properties$575 million

$74 million Follow-on Offering

Nov 2016

32 Properties$598 million

Acquired Canadian Assets

May 2017

38 Properties$680 million

Acquired Portfolio from

Ensign

Dec 2016

35 Properties $636 million

$45 million Convertible Debenture

Offering

Caret AcquisitionAcquired Memory

Care and Transitional Care

PortfoliosRebrand to Invesque

Jan/Feb 2018

89 Properties$1.3 billion

Nov/Dec 2017

40 Properties$747 million

Acquired 3 Transitional

Care Facilities

Announced Mohawk Medical REIT

Acquisition

Mar 2018

100 Properties$1.4 billion

102 Properties$1.5 billion

May 2019Acquired 3

Symphony Assets and Constant

Care Community

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Robust Growth

Total Asset Value

At IPO April 2019 Total

$428 million

# of Operators

Property Count

Geography

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23

5 States

$1.5 billion

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102

20 States, 2 Provinces

3.5x

4.0x

4.4x

4.4x

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Annual General Meeting

Geographically Diverse Footprint

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ONTARIO

CA2

ON12

AZ 1

NE2

MO1

IN2

KS 2

AR 1

IL 14

NJ2

MD3

VA6

PA 15

NY9

SC4

TX 13 LA1FL3

GA 3

8,500+ suites & beds577,000 MOB ft2

~US$1.5 billion of Investment Properties

All information provided includes closed transactions.

102 Properties

WI1

AB3

TN2

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2018 YE – Financial Snapshot

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86%PAYOUT RATIO

$0.86AFFO / SHARE

57%DEBT TO GBV

$114MANNUAL REVENUE

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2019 Q1 – Financial Snapshot

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88%PAYOUT RATIO

$0.21AFFO / SHARE

~59%DEBT TO GBV

$29MQUARTERLY REVENUE

211 W. Main Street, Suite 400, Carmel, IN 46032

(317) 582.6200 ∙ Invesque.com

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