Investor Presentaiton
Liquidity
As of December 31, 2021
FINANCIAL OVERVIEW
•
$67.0 million of unrestricted cash and cash equivalents on hand.
•
$6.8 million of outstanding mortgage debt maturing 2032.
Subsequent to year end
Closed on a $95.0 million senior secured term loan, or the Loan on January 27, 2022.
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$63.0 million of which was funded, including $3.2 million in closing costs.
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The Loan is secured by real estate mortgages on 14 senior living communities owned by the borrower with 1,478 living
units with a net book value of $96.3 million.
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Uses of Cash
1.
2.
3.
Upon closing this Loan, our revolving credit facility, which had no borrowings outstanding, was terminated.
Maintenance CAPEX
The current average investment for our owned
portfolio in Q4 2021 was approximately $2,500
per unit.
Expansion of Ageility Rehabilitation & Fitness Offerings
Opened 20 new clinics in 2021, with up front
initial investment averaging $9k per clinic.
Investment in Growth & Operating Improvements
Reserving capital to pursue external growth
opportunities and internal strategic initiatives.
(1) See slide 17 for calculation of adjusted Net Income and adjusted EPS.
Adjusted Net Income and Adjusted EPS (1)
In thousands, except per share amounts
4Q20
1Q21
2Q21
3Q21
4Q21
Net (Loss)
Income
$2,903
$3,315
$(12,302) $(10,201) $(10,737)
Adj. Net (Loss)
Income
$2,931
$3,507
$(9,335) $(7,368) $(9,708)
Diluted EPS
$0.09
$0.10
$(0.39) $(0.32) $(0.34)
Adj. Diluted EPS
$0.09
$0.10
$(0.30) $(0.23) $(0.31)
11View entire presentation