Investor Presentaiton slide image

Investor Presentaiton

End Notes 21) Source from IBISWorld, MatrixCare. Based on total number of facilities. [Slide 28] 22) Source: 2023 Medicare Trustees Report. [Slide 29] 23) Source: Medpac and US HHS Department as of March 2020. [Slide 29] 24) Source: Stephens New Medicare Trustees Report April 3, 2023. [Slide 30] 25) The number of SNF beds and ALF units for SNF, ALF and Campus are 6,802, 1,708 and 2,249, respectively. The valuations for SNF, ALF and Campus are $741 million, $244 million and $150 million, respectively. The range of implied capitalization rates for SNF is 6.5% to 11.75%, ALF is 6.0% to 8.5% and Campus is 5.75% to 7.5%. [Slide 31] 26) Cumulative investments over time include initial investment and capital expenditures. [Slide 32] 27) Leases have two or three extension options of five years. [Slide 33] 28) Segment income reflects profit or loss from operations before provision for income taxes and impairment charges from operations. General and administrative expenses are not allocated to the skilled services segment for purposes of determining segment profit or loss. [Slide 37] 29) Represents stock-based compensation expense incurred. [Slide 39] 30) Legal adjustments relate to findings attributable to our ancillary services subsidiary, which includes the portion attributable to non-controlling interests. [Slide 39, 40] 31) Represents costs incurred to acquire operations that are not capitalizable. [Slide 39, 40, 41] 32) Represents the write-off of deferred financing fees associated with the amendment of the credit facility. [Slide 39, 40] 33) Included in depreciation and amortization are expenses related to patient base intangible assets at newly acquired skilled nursing and senior living facilities. [Slide 39, 40] 34) Legal costs incurred in connection with the medical directors related matter. [Slide 39, 40, 41] 35) Represents an adjustment to the provision for income tax to our historical year to date effective tax rate of 25.0%. [Slide 39] 36) Legal adjustments relate to findings attributable to our ancillary services subsidiary, which excludes the portion attributable to non-controlling interests. [Slide 41] 37) Included in other expense (income) for three months ended, net is a loss on investment held in our deferred compensation plan of $1.4 million. There is an offsetting expense allocated between cost of services and general and administrative expenses of $0.7 million and $0.7 million, respectively. [Slide 42] 38) Included in general and administrative expenses is internal rent expense for the Service Center of $0.4 million and management fee of $1.3 million. This amount is eliminated in the eliminations column. [Slide 42] 39) Included in other expense (income) for nine months ended, net is a gain on investment held in our deferred compensation plan of $1.1 million. There is an offsetting expense allocated between cost of services and general and administrative expenses of $0.6 million and $0.6 million, respectively. [Slide 43] 40) Included in general and administrative expenses is internal rent expense for the Service Center of $1.3 million and management fee of $3.7 million. This amount is eliminated in the eliminations column. [Slide 43] 54 44
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