EX-99.1 3 g77972exv99w1.txt SUPPLEMENTAL INFORMATION EXHIBIT 99.1 AMERICAN RETIREMENT CORPORATION (ACR) - Q2 2002 DATA SHEET - PAGE 1 OF 2 -------------------------------------------------------------------------------- Revenue Composition --------------------------------------------------------------------------------
% of % of Res. Total (in thousands) $ Fees Rev ------- ----- ----- Retirement Centers ------------------ Independent living $29,965 37.1% 36.3% Assisted living 9,300 11.5% 11.3% Skilled Nursing 12,792 15.8% 15.5% Therapy Revenue 4,012 5.0% 4.9% Ancillary Services 3,957 4.9% 4.8% Entry Fee Income 1,851 2.3% 2.2% ------- ----- ----- 61,877 76.6% 74.9% Freestanding Assisted Living 18,910 23.4% 22.9% ------- ----- ----- Total Resident Fees 80,787 100.0% 97.8% Freedom Square 173 0.2% Mgmt Fees with purchase rights 130 0.2% Mgmt Fees - other 317 0.4% Reimbursable out-of-pocket 1,236 1.5% ------- ----- 1,856 2.2% TOTAL REVENUES $82,643 100.0%
-------------------------------------------------------------------------------- -------------------------------------------------------------------------------- G&A as a Percentage of Revenue --------------------------------------------------------------------------------
($ in millions) Q2 02 Q2 01 --------------- ------- ------- Consolidated Community Revenue $80,787 $62,405 Freedom Square/Freedom Peoria 7,961 13,308 Other Nonconsolidated Community Revenue 1,278 5,519 ------- ------- Total Community Revenue $90,026 $81,232 G&A (A) $ 6,554 $ 6,756 G&A excluding insurance provisions (B) $ 4,888 $ 4,976 PERCENTAGE OF REVENUE (A) 7.3% 8.3% (B) 5.4% 6.1%
-------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Revenue Composition by Source --------------------------------------------------------------------------------
(in thousands) $ % ------- ------- Private Pay $74,070 89.6% Medicare 7,240 8.8% Medicaid 1,333 1.6% ------- ------- TOTAL $82,643 100.0%
-------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Same Community Results --------------------------------------------------------------------------------
INCLUDING ENTRY EXCLUDING ENTRY FEE COMMUNITIES FEE COMMUNITIES ------------------------------ --------------------------------- % % (in thousands) Q2 02 Q2 01 change Q2 02 Q2 01 change -------- -------- ------- -------- -------- ------- Resident & HC Revenue $ 67,454 $ 60,822 10.9% $ 52,774 $ 47,133 12.0% Operating Expenses 46,778 42,410 10.3% 36,369 32,939 10.4% -------- -------- -------- -------- Community EBITDAR $ 20,676 $ 18,412 12.3% $ 16,405 $ 14,194 15.6% EBITDAR Margin 30.7% 30.3% 31.1% 30.1% % % Q2 02 Q2 01 change Q2 02 Q2 01 change -------- -------- ------- -------- -------- ------- # Locations 42 42 38 38 Resident Capacity 9,614 9,614 7,480 7,480 Avg. Occupancy 90% 87% 89% 86% Avg. Occupied Units 7,757 7,470 3.8% 6,181 5,894 4.9% Avg. Mo. Revenue/unit 2,899 2,714 6.8% 2,846 2,666 6.8%
-------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Freestanding AL Summary** --------------------------------------------------------------------------------
(in thousands) Q1 01 Q2 01 Q3 01 Q4 01 Q1 02 Q2 02 -------- -------- -------- -------- -------- -------- Revenue $ 11,927 $ 13,716 $ 15,160 $ 16,465 $17,637 $18,910 EBITDAR (1,769) (473) (86) 648 949 1,665 Freestanding AL's opened at quarter end 32 32 32 32 32 32 Ending Occupancy 1,558 1,730 1,863 1,958 2,079 2,241 Ending Unit Capacity 2,954 2,976 2,988 3,000 3,007 3,009 Occupancy Percentage 53% 58% 62% 65% 69% 74%
** Consolidated and nonconsolidated excluding 2 minority-owned Joint Ventures -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Consolidated Community Data** --------------------------------------------------------------------------------
Q2 2002 --------------------- Average Average Capacity Occupancy -------- --------- Independent living 5,333 94.8% Assisted living 3,304 76.7% Alzheimer's 766 76.9% Skilled Nursing 1,221 86.4% ------ ---- Total 10,624 86.9%
** Excludes Freedom Square -------------------------------------------------------------------------------- [ARC LOGO] AMERICAN RETIREMENT CORPORATION (ACR) - Q2 2002 DATA SHEET - PAGE 2 OF 2 -------------------------------------------------------------------------------- Location/Resident Capacity by Community Type --------------------------------------------------------------------------------
Congregate Freestanding CCRC-Rental CCRC-Entry Fee with AL AL --------------- --------------- ---------------- ---------------- Loc. Capacity Loc. Capacity Loc. Capacity Loc. Capacity ---- -------- ---- -------- ---- -------- ---- -------- Owned-100% 4 1,186 3 1,672 5 1,071 6 508 Owned-JV 0 0 0 0 0 0 3 256 ----------------------------------------------------------------------------------------------------------- Freedom Square 0 0 1 868 0 0 0 0 Synthetic Leased 1 220 1 460 0 0 7 728 ----------------------------------------------------------------------------------------------------------- Other Leased 2 689 2 833 2 1,299 0 0 REIT Leased 2 634 0 0 3 634 18 1,682 ----------------------------------------------------------------------------------------------------------- Managed with Purchase Rights 0 0 0 0 2 618 0 0 Managed-other 1 377 2 690 0 0 0 0 ----------------------------------------------------------------------------------------------------------- TOTAL 10 3,106 9 4,523 12 3,622 34 3,174 ----------------------------------------------------------------------------------------------------------- ** DESIGNATES EXPANSIONS Total Stabilized Pre-stabilized ----------------- ----------------- ----------------- Loc. Capacity Loc. Capacity Loc. Capacity ---- -------- ---- -------- ---- -------- Owned-100% 18 4,437 17 4,355 1 82 Owned-JV 3 256 3 256 0 0 --------------------------------------------------------------------------------------- Freedom Square 1 868 1 868 0 0 Synthetic Leased 9 1,408 4 869 5 539 --------------------------------------------------------------------------------------- Other Leased 6 2,821 5 2,649 1 172 REIT Leased 23 2,950 17 2,407 6 543 --------------------------------------------------------------------------------------- Managed with Purchase Rights 2 618 2 416 ** 202 Managed-other 3 1,067 3 1,067 0 0 --------------------------------------------------------------------------------------- TOTAL 65 14,425 52 12,887 13 1,538 ---------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- Cost of Debt Financing --------------------------------------------------------------------------------
Balance 6/30/02 Weighted ($ in thousands) % Avg Rate ---------------- -------- -------- Fixed $397,091 77.1% 7.44% Floating 117,663 22.9% 5.62% -------- ----- ------ Total $514,754 100.0% 7.02%
-------------------------------------------------------------------------------- [ARC LOGO] The information included herein may be deemed to constitute forward-looking information made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking information may be affected by certain risks and uncertainties, including those described in American Retirement Corporation's filings with the Securities and Exchange Commission. In light of the significant uncertainties inherent in the forward-looking information included herein, American Retirement Corporation's actual results could differ materially from such forward-looking information. American Retirement Corporation does not undertake any obligation to publicly release any revisions to any forward-looking information contained herein to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events.