Market Updates & Recent Developments
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CoreCivic Operates at the Intersection of Government and Real Estate
Company Overview
Diversified government-solutions company with the scale and differentiated expertise to solve the tough challenges
that governments face in flexible, cost-effective ways
Revenues and Adj. EBITDA for the three months ended March 31, 2023, were $458.0 million and $73.7 million
(16.1% margin), respectively
Owns and manages 15.8 million square feet of real estate used by government.
Approximately 56% of privately-owned correctional facilities in the U.S.
Unprecedented commitment to Environmental, Social and Governance (ESG) reporting within the corrections industry
Founded in 1983 and headquartered in Brentwood, Tennessee
CXW
25 LISTED
YEARS
NYSE
20%
BY
2020
2020
WOMEN
V
ON
BOARDS
FRIENDLY
MILITARY
M
2022
EMPLOYER
AMERICA'S MOST
2021
RESPONSIBLE Newsweek
COMPANIES
statista
Provides a broad range of solutions to government partners through three segments
Safety
CoreCivic's historical core business,
addresses the need for correctional
facilities, including programming,
recreational, courts, and
administrative spaces
EST. 1983
Properties
Leases mission-critical real estate to
government tenants to address
serious challenges in their criminal
justice infrastructure
EST. 2012
Community
Completes spectrum of correctional
services by providing needed
residential reentry facilities and
non-residential services primarily to
states and localities
EST. 2013
1) Refers to Owned/Controlled Facilities. Our contract renewal rate excludes contracts that have reached a final termination date
and contracts the Company has unilaterally chosen to exit.
Compelling Investment Opportunity...
Market Leader with
Critical Infrastructure in
Market with High Entry
Barriers
Longstanding
Government
Relationships with High
Renewal Rates
Conservative Balance
Sheet with Strong
Predictable Cash Flows
and Diversified Growth
Proven Management
Team with Track
Record of Excellence
Over Multiple
Administrations
Largest private owner of real-estate utilized by
government agencies
• Public overcrowding or lack of facilities drive private
market need
• Significant cost and time to build new facility
• 40+ year history of government service and relationships
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Average retention rate of 93.8% since 2019(1)
Strong and predictable cash flow from large
unencumbered asset base
• Low leverage and strong fixed charge coverage
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Depressed occupancy levels primarily caused by Title 42.
provides opportunities for organic growth
• Combined 120+ years experience
Unwavering commitment to rehabilitation and combating
recidivism
...That Benefits the Public Good
Prepares Offenders for
Successful Reentry Into
Society
Company's ESG Focus
Benefits All
Stakeholders
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Improved conditions
➤ Reduced overcrowding, modern amenities, and
improved medical programs
➤ 99.5% average facility ACA Audit Score
Focus on rehabilitation and reentry
➤ Supports legislation designed to eliminate
discrimination against rehabilitated justice-involved
persons
Training and treatment programs
• Serves the needs of government partners, taxpayers and
the broader community
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