Omega Healthcare Investors : 2024 November Investor Presentation

OHI

OMEGA HEALTHCARE

INVESTORS

INVESTOR

PRESENTATION

November 2024

Disclaimers; Forward-looking Statements and Non-GAAP Information

INVESTOR PRESENTATION 2

Table of Contents

Page

4 Company Profile & Strategy

10 Why Invest?

14 Skilled Nursing Facilities:

What Makes it an Attractive Asset Class?

23 Strong Portfolio of Skilled Operators

33Benefits of Investing in Long-term Care

38 Excellent Financials and Execution Track Record

45 Proven Investment Strategy for Future Growth

50 Liquidity Structure & Credit Profile

56 Commitment to ESG Principles

58 Sources & Appendix

INVESTOR PRESENTATION

3

1

Company

Profile &

Strategy

INVESTOR PRESENTATION

4

OMEGA SNAPSHOT

(NYSE:OHI)

1992

$10.6B

$14.6B

Year Listed

Total RE Investments

Enterprise Value

81

962

90,044

Operators

Properties (US & UK)

Number of Beds

BBB-

47%

6.6%

Investment Grade

5-Year TSR

Dividend Yield

For source information see page 59 onwards

INVESTOR PRESENTATION 5

Differentiators that Support Today's Strength and Tomorrow's Opportunity

1

Largest Skilled

Nursing Facilities

(SNF) focused REIT

2

Consistent dividend

growth

3

Diversified geographic

exposure and tenant base

4

Proven acquisition and

development capabilities

Long-term triple net

5

master leases provide

lower risk, steady income

Positioned to benefit

6

from macro tailwinds

Investment grade credit

7

with ample liquidity

Strong corporate

8

governance program

INVESTOR PRESENTATION

6

Experienced and Proven Management Team

Taylor Pickett

Dan Booth

Bob Stephenson

Chief Executive Officer

Chief Operating Officer

Chief Financial Officer

38 years in industry

39 years in industry

38 years in industry

23 years at OHI

23 years at OHI

23 years at OHI

Gail Makode

Neal Ballew

Matthew Gourmand

Chief Legal Officer

Chief Accounting Officer

SVP, Corporate Strategy

14 years in industry

26 years in industry

25 years in industry

5 years at OHI

4 years at OHI

7 years at OHI

Vikas Gupta

Megan Krull

SVP, Acquisitions

SVP, Operations

& Development

24 years in industry

21 years in industry

13 years at OHI

14 years at OHI

INVESTOR PRESENTATION

7

Strategy that Supports Long-Term Shareholder Value Creation

Growth Through

Accretive Investments

Maintain

Shareholder

Financial

Value Creation

Strength

Continued

Solid Dividend

Growth

Leverage Sound

Corporate Stewardship

Practices

INVESTOR PRESENTATION 8

Operator Updates

On June 3, 2024, Omega issued a press release in response to LaVie Care Centers' ("LaVie")

announcement that it had filed for Chapter 11 bankruptcy protection in the Northern District of Georgia.

Omega believes this filing is a necessary and important step in creating an entity that is operationally solvent and sustainable, with enhanced liquidity and a strengthened balance sheet.

During this filing, our focus, like LaVie's, is on maintaining quality of care for the residents of

these facilities, on supporting the employees that devote their careers to delivering this care, and on the key vendors that help provide operational services. As such, we have elected to commit $10 million to fund 50% of the expected debtor-in-possession financing, in order to support sufficient liquidity to effectively operate the facilities during bankruptcy.

We continue to believe that there is meaningful value in our portfolio of LaVie assets. Omega has been working with LaVie for over a year to reduce its exposure to underperforming assets, and we believe this has meaningfully enhanced the operating performance of our LaVie portfolio. We believe the current cash flow generated by our remaining LaVie portfolio is sustainable and will support long-term annualized rent of $36 million, while also retaining sufficient cash within the business to provide for strong clinical care.

As part of our debtor-in-possession loan commitment, during the period of bankruptcy protection, LaVie is required to pay Omega monthly rent of $3 million related to the 30 properties LaVie continues to lease from Omega, all subject to court approval.

The proposed DIP budget, which provides for LaVie rent, anticipates confirmation of the plan or sale of assets by the end of this year. However, this projection, along with all elements of the bankruptcy filing process, is subject to the approval of the bankruptcy court and other complexities inherent in Chapter 11 proceedings.

LaVie has paid full contractual monthly rent of approximately $3 million since June 2024.

Information provided as of October 31st, 2024

INVESTOR PRESENTATION 9

2

Why Invest?

INVESTOR PRESENTATION 10

Disclaimer

Omega Healthcare Investors Inc. published this content on November 06, 2024, and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on November 06, 2024 at 16:28:02.102.