Equity Lifestyle Properties, Inc. · NYSE:ELS
Equity Lifestyle Properties — Investor Presentation (June 2013)
16 slides from Equity Lifestyle Properties's investor presentation, Jun 3, 2013
Slide 1: Equity LifeStyle Properties
Exhibit 99.1 Equity LifeStyle Properties
Slide 2: Our Story
Our Storyfor costs/customer locations business are • One more strongly turnover ofthan thecorrelated nation’s 40 costs years ? largest Lease 1with population developed real estatemigration sites networks • High-quality with Property 383 locations properties real estateincontaining locations retireme
Slide 3: Property Locations
WA10OR 11 Denver 25Minneapolis CA 2 6NV 6 3 ID 3 9UT 3Nashville 9AZ 6 8 NM 3 8 Louisville 17 TX10OK 14LA14 Birmingham AR 37 6MO 7 6 IA Seattle Detroit MN Chicago WIMiami IL OH Houston Boston MI PALos Dallas WVAngeles KY San TNDiego IN MSProperty AL Phoenix GA FL Locations Salt SCLake NC2MD CityDE Bo
Slide 4: Steady, Predictable Revenue Streams
Steady, forth Property/Site MH 71.3% in Predictable our Annual First composition Quarter RV Revenue 13.2% 2013 • 209 Streams Annual Earnings manufactured/resort All Right Release Annual to Use and Revenue 8.6% Supplemental home Seasonal =communities 93.1%3.0% Information $715MTransient ? 75,600 Prop
Slide 5: Variety of product options to meet our customers' needs
Manufactured variety of product Homeoptions RV Resort to meet Cottage our customers’ RV Site •needs Customers • We seek own to thecreate units long-term they placerelationships on our sites ?with Manufactured our customers homes 4 Our ? Resort Customers cottages (park models) ? Recreational vehicles
Slide 6: Favorable Demographics and Customer Statistics
• The population 2009, Favorable Statistical Customer Surveys of people Demographics 2011, 55 and USolder Census is expected 2008, UStoCensus grow 26% 2012.from RV 2015 Owners to 2030. ? 8M—9M U.S. Population RV ownersOver ? Over Age200K 55 (in RVmillions) sales in 2012 Note:?Sources: AverageUnivers
Slide 7: Total Return Track Record
Note: amounts of 30, assumes NASDAQ, Paid Year—1993 (2) Performance the S&P 2013. Cumulative 1) refinancing 500 See common are See OTC 2013 the page (+9%) ELS page midpoint BB, (4) dividend 6announced (+262%) 20 10. -50 -80 Cumulative for Pink 4)0-60 definition Source: 50 ofSheets) reinvestment). SN
Slide 8: Consistent Same Store NOI Growth
Consistent 4.0% 1Q09 NOI May housing, growth 2013. 4.5% 3Q09 manufactured Same Earliest 5.0% 1Q10 in allStore 5.5% quarters 3Q10 quarter NOI 6.0% homes, 1Q11 since collected Growth 6.5% 3Q11 self at 7.0% least storage, and 1Q12 by Citi Q3 7.5% Outperformance 3Q12 office, ’98 is 8.0% third Q3 1Q13 in
Slide 9: ELS vs. Multifamily Same Store NOI Growth
ELS vs. Multifamily Research, annualizedMay quarterly 2013.same ELS Samecompounded store StoreNOI Indexed averages Same Growth Store collected assumes NOIbygrowth Citi. initial8rates investment significantly of $100 outperformed multiplied by thethe REIT annual Multifamily same store industry NOI gr
Slide 10: ELS vs. Multifamily Total Return and FFO Multiples
WhileMultiple Total FFO Multiples Return ELSELS and assumes for Multifamily SNL the Multifamily period initialELS investment calculated vs. Index Multifamily on of have a$100 trailing hadmultiplied FFO/Share similar 12-month total byand basis. the returns, Total annual Multiple ELS Return FFO/Share
Slide 11: Capital Structure
• Total enterprise Common(1) $3,385.0 value(1) 55.8%is $6.1 Preferred billion$136.1, • Debt2.2% to enterprise Term Loanvalue $200.0, is 37.0% 3.3% • $380 OPU’s million $302.9, available 5.0% Mortgage line of credit DebtNote: $2,044.0 1) Stock 33.7% price Capital as ofStructure April 30, 2013. 10 As
Slide 12: Debt Maturity Schedule
Note: 1) 2013. $300,000 11 We $435 $350,000 have million entered 2013 secured 2014 into agreements debt 2015•2016 4.3%2017 to weighted obtain 2018$435 average 2019million 2020 • Approximately 2021 in new 2022 mortgage 2023 18-year 2028 loans weighted 2033 from2038 institutional average Outstanding m
Slide 13: Core Portfolio Performance Update
Note: on and Resorts(1) acquisitions, up1)78Excludes sites ? Core since dispositions resort joint 12/31/12 venture income and ?sites. growth Core significant 2) occupancy for Forthe transactions 2013 four has Core months grown Portfolio or unique ended 14 consecutive is4/30/13 situations. defined is
Slide 14: Funds from Operations reconciliation
Thefunds our supplement Private impact of and extinguishment 5.9—9.4 (1.0) Quarterly other forward-looking —of Securities — from 69.3 Depreciation the 229.5 forward-looking refinancing Report operations 2.8—0.2 ofSafe Litigation debt statements onHarbor on Gain 126.0 Form Income announced rental Ref
Slide 15: Non-GAAP financial measures definitions
Funds an income GAAP, Adjustments accordance the of which REITs. equity financial acquisitions; financing reported not Normalized net norseveral appropriate treatment income, necessarily is itare from REITs. We excluding as indicative by impact activities, measures based defined believe with other O
Slide 16: Equity LifeStyle Properties contact details
Equity LifeStyle Properties Two North Riverside Plaza, Chicago, Illinois 60606 800-247-5279 | www.EquityLifeStyle.com
Equity LifeStyle Properties — Investor Presentation (June 2013) on 6ix