CoreCivic Investor Presentation Q4 2020
Our Value Proposition to Our Government Partners Remains Strong...
CoreCivic provides tailored solutions to meet the needs of state and federal partners
State Partners
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Key State Partner Challenges:
➤ Prison over-crowding
Federal Partners
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Key Federal Partner Challenges:
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➤ Aging and insufficient infrastructure
➤ Budgetary constraints.
CoreCivic estimates $15 - $20 billon infrastructure pipeline throughout US prison
system
Kansas:
Constructed a built-to-suit facility for Kansas DOC to replace 150+ year old Lansing
Correctional Facility (completed in January 2020)
Inmates in the original state-run prisons were suffering from poor conditions, with
small cells and no air conditioning
Alabama:
➤ Multi-year civil rights investigation by the Justice Department over the conditions in
its state-run prison system (182% capacity)
➤ For the last 3 years the state legislature has failed to approve a $1 billion plan to
construct new correctional facilities. Now, actively pursuing $900 million, 10,000+
bed procurement with private sector financing
➤ We recently signed two 30-year lease agreements for the development of new prison
facilities for the state, subject to close of project-specific financing
Wisconsin, Vermont, Idaho, Wyoming, Kentucky, Nebraska, Hawaii:
Exploring private sector solutions to address criminal justice infrastructure needs
.
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➤ Limited owned infrastructure
➤ Constantly shifting geographic and population needs
➤ Appropriate setting for detainees
Mission Critical Infrastructure for ICE and USMS
ICE: ~95% of detainee capacity is outsourced
➤ USMS: ~80% of detainee capacity is outsourced
➤ The Company estimates construction of equivalent new government capacity would
require Congressional approval and budget of $25+ billion.
Flexible Capacity to respond quickly to ever-changing real estate needs
➤ Location needs change based on law enforcement priorities and varying trends in
different jurisdictions
Appropriate Setting for civil detainees
➤ Lack of ICE and USMS infrastructure means most alternatives to private facilities are
local jails
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Local jails often co-mingle ICE or USMS populations with their inmate populations
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Making many local facilitates unable to meet Performance-Based National
Detention Standards (PBNDS) for ICE and federal detentions standards for
USMS
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