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Investor Presentaiton

Demographic Tailwinds Expected to Drive Occupancy Growth For the Next 20 Years محمد 1 Medicare utilization of SNFs materially increases from 75 years old The SNF industry has been battling with unfavorable demographics for more than a decade with the aging of the "baby bust" generation Based on birth rates beginning in the 1940s and current SNF utilization information, we believe the industry is at the beginning of a 20+ year secular tailwind. This belief is based on: 2 This utilization increases through their late 80s 3 "Baby boomers" started turning 75 in 2016 QOMEGA 4 The age 75+ cohort will grow on both an absolute and relative basis through at least 2040 as the baby boomers replace the baby bust generation within the 75+ population INVESTOR PRESENTATION 36
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