CoreCivic Investor Presentation Q4 2020
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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
Full year 2020 Revenues and Adj. EBITDA of $1.91 billion and $405 million (21.2%
margin), respectively
Owns and manages nearly 18 million square feet of real estate used by government
Approximately 60% 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
Converting from a REIT to a C-Corp effective as of January 1, 2021, to provide financial
flexibility
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
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
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Public overcrowding or lack of facilities drive private market need
Significant cost and time to build new facility
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35+ year history of government service and relationships
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Average retention rate of 94% since 20161
Strong and predictable cash flow from large unencumbered asset
base
Moderate leverage and strong fixed charge coverage
Diversifying toward growing Properties and Community segments
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
• Improved conditions
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➤ Reduced overcrowding, modern amenities, and improved medical
programs
➤ 99.5% average facility ACA Audit Score in 2020
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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Refers to Owned / Controlled facilities
2View entire presentation