Annual General Meeting May 15, 2019 11:00 AM EST 333 Bay Street, Suite 2400 Toronto, ON
Agenda • Chairman’s Opening Remarks Appointment of Secretary and Scrutineer o Constitution of Meeting o Financial Statements and Auditors’ Report o • Election of Directors • Appointment of Auditors • Management Presentation • Termination of the Meeting • Management Question Period 2 Annual General Meeting
Chairman’s Remarks Scott White, Chairman & CEO • Appointment of Security and Scrutineer • Constitution of Meeting • Financial Statements and Auditor’s Report Annual General Meeting Annual General Meeting 3
Election of Directors Scott White Chuck Herman Randy Maultsby Chairman & CEO Lead Independent Director Director Brad Benbow Shaun Hawkins Adlai Chester Director Director Director & CIO 4 Annual General Meeting
Appointment of Auditors 5 Annual General Meeting
Invesque at a Glance Macro Opportunity Investment Thesis Massive wave of aging baby boomers will Health care real estate generates long- utilize greater health care service and spend term, out-paced risk adjusted returns. more dollars on health care. We are just While any particular asset class may come beginning and the real growth is ahead. in and out of favor in any cycle, long-term, patient investors, will be rewarded . Mission Strategy We are committed to owning best-in-class Build a highly diversified portfolio of properties, providing our partners with an income generating health care real estate. environment to succeed and our Diversify by type of asset, geography, shareholders with long-term value, growth, payor source and operator. Operating stability and ultimately and investment partners are the key to our success . opportunity that matters. 6 Annual General Meeting
Invesque Portfolio Snapshot 102 ~10 years ~2.2% 20 Properties Approximate effective avg. annual Partnerships with age of portfolio rental escalators (1) high-quality operators 8,500+ ~12.5 years Geographically Triple-net lease and joint venture diversified across Beds/Suites Weighted average structure provides 20 states & lease maturity stable cash 577,000 2 Canadian flow MOB ft 2 Provinces (1) Triple net lease portfolio Annual General Meeting 7
102 Properties Building a 100 Properties $1.5 billion $1.4 billion Strong Platform 89 Properties $1.3 billion 40 Properties $747 million 38 Properties $680 million 35 Properties $636 million 32 Properties $598 million 28 Properties $575 million 23 Properties $443 million 11 Properties $303 million May 2019 Mar 2018 Oct 2015/Apr 2016 Jun 2016 Oct 2016 Nov 2016 Dec 2016 May 2017 Nov/Dec 2017 Jan/Feb 2018 Announced Mohawk Acquired 3 Invesque Affiliate $109 million $74 million Acquired Canadian $45 million Acquired Acquired 3 Caret Acquisition Medical REIT Symphony Assets Acquired Initial Equity Follow-on Assets Convertible Portfolio from Transitional Acquired Memory Acquisition and Constant Symphony Offering Offering Debenture Ensign Care Facilities Care and Care Community Portfolio Offering Transitional Care Portfolios Rebrand to Invesque Annual General Meeting 8
Robust Growth At IPO May 2019 Total Total Asset Value 3.5x $428 million $1.5 billion # of Operators 4.0x 5 20 Property Count 4.4x 23 102 Geography 5 States 20 States, 2 Providences 4.4x Annual General Meeting 9
Geographically Diverse Footprint 3 AB 12 ON ONTARIO 102 Properties 9 NY 1 WI 8,500+ suites & beds 2 15 PA CA 2 2 NJ NE 577,000 MOB ft 2 IL 14 2 3 IN MD ~US$1.5 billion of Investment Properties 6 VA 2 KS 1 MO 2 TN 1 AR 4 SC AZ 1 GA 3 TX 13 LA 1 3 FL All information provided includes closed transactions. Annual General Meeting 10
2018 YE – Financial Snapshot $0.86 86% 57% $114M PAYOUT RATIO AFFO / SHARE DEBT TO GBV ANNUAL REVENUE Annual General Meeting 11
2019 Q1 – Financial Snapshot $0.21 ~59% $29M 89% PAYOUT RATIO AFFO / SHARE DEBT TO GBV QUARTERLY REVENUE 12 Annual General Meeting
211 W. Main Street, Suite 400, Carmel, IN 46032 (317) 643.4017 ∙ Invesque.com 13
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