Slides
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Q2 2026 Conference Call Sienna Senior Living Streetsville Care Community Redevelopment Rendering Greater Toronto Area August 5 , 2026 Sienna Senior Living Inc. ( SIA : TSX )
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Sienna Senior Living 2 Forward-Looking Information Certain information in this presentation may contain forward-looking information. Actual results could differ materially from conclusions, forecasts or projections in the forward-looking information, and certain material factors or assumptions were applied in drawing conclusions or making forecasts or projections as reflected in the forward- looking information. Additional information about the material factors, assumptions and/or risks that could cause actual results to differ materially from the conclusions, forecasts or projections in the forward-looking information, and the material factors or assumptions that were applied in drawing a conclusion or making a forecast or projection as reflected in the forward-looking information are as disclosed in the company’s disclosure documents filed on SEDAR+ from time to time, including but not limited to the company’s most recent MD&A and AIF (www.sedarplus.ca). Non-GAAP Financial Measures Certain non-GAAP financial measures are contained in this presentation. These terms, which include net operating income, funds from operations, operating funds from operations, adjusted funds from operations and occupancy, are defined in Sienna’s Management’s Discussion and Analysis (MD&A) and are reconciled to the most comparable GAAP measures. Sienna’s financial statements and MD&A are available on Sienna’s website at www.siennaliving.ca and on SEDAR+ at www.sedarplus.ca. Cautionary Note
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Presenters Nitin Jain Chief Executive Officer, President & Director David Hung Chief Financial Officer & Executive Vice President, Investments
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Sienna Senior Living Successful Diversification Strategy 4 ~$375M Redevelopments in GTA to commence in early 2027 14TH Consecutive Quarter of Growth in Q2 2026 BBB Morningstar DBRS Credit Rating Double-digit same-property growth Strong balance sheet and investment- grade credit rating Formation of strategic partnership to accelerate long-term care redevelopments
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Sienna Senior Living Strong Operating Results 5 22.6% Q2 2026 SP NOI Growth In Long-Term Care Segment 15.2% Q2 2026 SP NOI Growth In Retirement Segment 200 bps Q2 2026 SP Margin Growth In Retirement Segment 94.1% Q2 2026 SP Occupancy In Retirement Segment 94.5% July 2026 SP Occupancy In Retirement Segment Aspira Hunter Village Saskatoon, Saskatchewan RetirementLong-Term Care 98.5% July 2026 SP Occupancy In Long-Term Care Segment
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Sienna Senior Living 6 Accelerating Long-T erm Care Redevelopments in GTA ~$250M Development of 448-bed LTC Community in Toronto ~$125M Development of 256-bed LTC Community in GTA ~$375M Redevelopments with expected construction start in early 2027 ~81% Redevelopments are located within GTA
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Sienna Senior Living 7 Acquisition Momentum Continues Fort Saskatchewan Care Community Fort Saskatchewan, Alberta The Bartlett Greater Toronto Area, Ontario Rockland Manor Greater Ottawa Area, Ontario ~$168M Acquisitions Closed & Under Contract in Q2 2026 ~$68M Acquisition Under Contract Expected to close in H2 2026 ~$59M Acquisition Closed In Q2 2026 ~$41M Acquisition Closed In Q2 2026 Ballycliffe Greater Toronto Area, Ontario
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Sienna Senior Living Ongoing Platform Improvements 8 • Strategic renovations and asset optimization to align retirement residences with market demand • Expanding services and clinical care offerings to allow residents to stay longer Enhancements to long-term care platform • Elevating resident experience through platform enhancements • Participating in new government-funded renovation program of existing homes currently under evaluation Value creation within retirement portfolio
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Sienna Senior Living 9 Recognized as one of Canada’s Best Companies At Sienna, we are proving that purpose and performance go hand in hand – and that by improving the lives of seniors, we can create lasting value for all stakeholders. —Nitin Jain, President & CEO of Sienna Senior Living
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Operating & Financial Results
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Sienna Senior Living 11 Q2 Financial Results Quarter ended June 30 $Million, except occupancy and per share data 2026 2025 Change Revenue (Proportionate Basis) 288.2 253.6 + 13.6% Same Property (SP) NOI 57.6 48.3 + 19.4% Retirement SP NOI 24.3 21.1 + 15.2% Retirement SP NOI (excl. retroactive items) + 15.2% Long-Term Care SP NOI 33.3 27.2 + 22.6% Long-Term Care SP NOI (excl. retroactive items) + 13.5% OFFO/Share 0.370 0.318 + 16.4% AFFO/Share 0.326 0.262 + 24.4% AFFO Payout Ratio 72.3% 89.5% - 17.2% Double-digit Growth Retirement operations benefitting from improved occupancy and rate growth as well as higher care revenue Long-term care operations benefitting from higher private accommodation revenue, government funding increases and retroactive funding
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Sienna Senior Living 12 Strong Financial Position Debt Maturities ($MMs -100 0 100 200 300 400 500 2026 2027 2028 2029 2030 Thereafter Mortgages Unsecured Debentures Construction Loan $11 $181 $419 $319 $210 $293 $604M Liquidity June 30, 2026 $1.6B Unencumbered Assets June 30, 2026 34.6% Net Debt to Adjusted Gross Book Value June 30, 2026 3.9% Weighted Average Cost of Debt June 30, 2026 2.7 Debt Service coverage Ratio 12-month period ended June 30, 2026 BBB Morningstar DBRS Credit Rating With Stable Trends
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Sienna Senior Living Looking Ahead With Confidence 13 + + + + Performance Indicator 2026 Growth Targets Retirement SP NOI Increase 10%+ Retirement SP Occupancy 95%+ Retirement SP Margin Increase 100 – 150 bps LTC SP NOI Increase Mid- to High-Single-Digit %
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Sienna Senior Living Expediting Redevelopments through Strategic Partnership 14 Formation of Strategic Partnership with Fiera Infrastructure to execute more projects over shorter period of time Sienna & Fiera Infrastructure will each hold a 50% ownership interest in select projects Joint Venture partnership is initially targeting $625M of redevelopment projects Glen Rouge & Streetsville Communities are first projects under consideration … is a global infrastructure investment manager and wholly owned subsidiary of Fiera Capital, a leading Canadian investment management firm with over $160 billion of assets under management.
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Contact Information Sienna Senior Living Inc. siennaliving.ca t: (905) 489-0258 e: investors@siennaliving.ca