Webinar Presentation

20 January 2021

Investing in care

Delivering returns

Birkdale Tower Lodge, Southport

COVID-19: A modern portfolio's response

Mid-April 2020:

restricted availability of testing

3.2%

Beds in Operational Peak of COVID-19 cases

Portfolio

Current position: mass testing across portfolio

2.4%

Beds in Operational

COVID-19 cases

Portfolio

(20 Jan 2021)

32

31

Homes with COVID-19 cases

27

25

(suspected or confirmed) at point in time1

21

22

20

18

18

14

13

13

15

14

12

12

11

10

9

10

10

10

9

8

7

6

6

6

6

6

6

6

6

5

5

5

5

4

4

3

2

2

1

20-Mar03-Apr17-Apr01-May15-May29-May12-Jun26-Jun

10-Jul

24-Jul

07-Aug

21-Aug

04-Sep

18-Sep

02-Oct

16-Oct30-Oct13-Nov27-Nov11-Dec04-Jan20-Jan

2

1 - As reported to the Investment Manager during biweekly calls with tenants.

Resilient tenant trading performance

Rent Cover - Mature Homes (rolling last 12 months)(1)

1.6x

1.6x

1.6x

1.6x

1.6x

1.6x

1.5x

1.5x

1.5x

1.5x

1.5x

1.5x

1.4x

Stability of rent cover across the mature homes in the portfolio

Sep-17

Dec-17

Mar-18

Jun-18

Sep-18

Dec-18

Mar-19

Jun-19

Sep-19

Dec-19

Mar-20

Jun-20

Sep-20

Underlying occupancy of Mature Homes (rolling last 12 months)(1)

100%

95%

90%

85%

80%

75%

70%

65%

60%

55%

50%

Sep-17

Dec-17

Mar-18

Jun-18

Sep-18

Dec-18

Mar-19

Jun-19

Sep-19

Dec-19

Mar-20

Jun-20

Sep-20

Notes:

Fairmile Grange, Christchurch

(1) Mature homes in the portfolio defined as being in continual operation for more than three years.

Vaccination: transformational impact

COVID-19 vaccination programme is

THR Homes receiving COVID-19 Vaccinations

well advanced in 86%of THR homes

20 January 2021

Remainder of THR portfolio expected to commence vaccination programme prior to the Government aim of 31 January

Roll-out expected to have a positive impact on underlying occupancy in the near-term

100%

90%

80%86%

70%

60%

61%

50%

40%

42%

30%

20%

21%

10%

14%

11%

0%

6%

09-Dec-2016-Dec-2023-Dec-2030-Dec-2006-Jan-2113-Jan-2120-Jan-2127-Jan-2131-Jan-21

Confirmed

Expected

4

Note - vaccinations are being distributed in stages in some homes while some residents / staff have not received a dose for various medical / personal reasons.

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Disclaimer

Target Healthcare REIT plc published this content on 20 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 January 2021 15:05:00 UTC