Equity Lifestyle Properties, Inc. · NYSE:ELS
Equity Lifestyle Properties — Investor Presentation (September 2015)
14 slides from Equity Lifestyle Properties's investor presentation, Sep 15, 2015
Slide 1: Equity LifeStyle Properties
Exhibit 99.1 ExhibitLifeStyle Equity 99.1 Properties
Slide 2: Our business
Ourbusiness One Unique Own Low Lease High-quality More Property Stable, Balance 1In Story of maintenance the than developed the predictable business sheet land locations 80 100 nation’s for real properties flexibility properties more model sites estate costs/customer are in financial largest than re
Slide 3: Property Locations
Property WA WI WY 7NV IN 16 4KS AZ 11 MS 6FL 214 103NM MT NE 7 26 17 34OH 8VA 2WV NY MO 3TX ME 414 DE OK 10 IA RI 3MI 6NC AL OR 937 MD KY ND 5AR Locations NJ NH PA TN GA VT UT MN 66ID SC LA 6CO 46 CA CT IL SD 9 2 2 3 MA
Slide 4: Steady, Predictable Property/Site Revenue Streams
Steady,Predictable Property/Site 202 71,600 185 72,200 Annuals Membership Property Transient Seasonal Annual All (1) Note: 3Second Property Annual home RV sites Right RV MH Quarter resorts 26,600 Operating 10,700 3.7% 10,800 5.1% manufactured/resort Revenue 14.9% 68.7% revenue sites composition to R
Slide 5: Our Resort Customers
OurResort Customers Resort Recreational We Manufactured 4RV Site offer seek Lifestyle cottages to a Cottage lifestyle own create vehicles Options homes Home (park thelong-term and units models) a they variety relationships place of product on ourwith sites options our customers to meet our customers
Slide 6: Favorable Customer Demographics
Favorable The Roughly U.S. 0120,000 New MH Average Sources: 5Note: 2015 population Population Residents 2020 100,000 age: US 10,000 Customer Census 2025 62of 55 Over Baby years 80,000 people 2030 2012, Demographics Age Boomers RV60,000 age 55 Acxiom 55 (inwill 40,000 and thousands) 2014, turn older
Slide 7: Track Record of Performance
Track Item Properties Sites States FFO Normalized Common Enterprise Dividend Cumulative S&P 10-Year Equity Source: (1) Note: (2) (3) (4) 6(5) Total The SNL Stock See Source: IPO Per 500 12,312 Record 16 Lifestyle pages 1993 2015 SNL Total US Share return Total 32 Year—1993 price Paid Stock 41 Value
Slide 8: Consistent ELS Same Store NOI Growth Outperformance
Consistent ELS (1) Note: 7classes, Source hasincluding maintained for SameSame Store regional positive Store NOINOI malls, Growth same data: shopping store and CitiNOI Outperformance Investment centers, growthmultifamily, in Research, all quarters August student since 2015. housing, at least Earlies
Slide 9: FFO Growth and Multiples: ELS vs. Indices
FFOThe 1996-2003 2004-2013 2014 Same ELS (1) Note: (2) (3) 8(4) Source: vs. compounded Index(2) Multiples 18.5x Store Multi-family Multifamily 12.9x 17.0x Citi SNL 17.8x NOIMulti-family (3) Investment Financial. Indexed 11.0x 17.7x Same ELSIndex Multifamily(4) Store Growth(1) Growth Average Index(2)
Slide 10: Capital Structure
Capital As Total $400 Debt Outstanding OPU’s Mortgage (1) 9Note: of Stock to Maturity million enterprise July $417.8, Structure enterprise price Debt 31,Debt available 2015 5.5% as $1,963.0 value of (in value (in July Term thousands) isline millions) $7.6 is25.9% 31, 28.5% Loan of2015. billion credi
Slide 11: Core Performance Update
Performance 198 Core(2) 184 Core (1) Note: (2) The (3) 10 Excludes Core Compared Manufactured RV Core occupancy community resort rental Resorts(1) occupancy Portfolio Portfolio income base joint Update to has rental the base venture isHome may of growth grown two defined 93% rental income change mon
Slide 12: Safe Harbor and Non-GAAP Financial Measures
SafeThe Under and July reforecasts Non-GAAP Computation Net Income Series Right-to-use Depreciation Amortization Gain FFO Change Transaction Loss Normalized (1) Note: 11 our Income income 21, Harbor available from onB the 2015 allocated to in 2015 real Redeemable Private certain fair early and avail
Slide 13: Non-GAAP Financial Measures
Non-GAAP Funds generally operations impairments, over of Normalized impact mergers We actual comparisons differences change because investors, Investors operating term normalized cash accordance funds 12 the define receive believe the generated inavailable deferral or from of in accordance it these
Slide 14: Equity LifeStyle Properties contact
Equity Two North LifeStyle Riverside Properties Plaza, Chicago, Illinois 60606 800-247-5279 | www.EquityLifeStyle.com
Equity LifeStyle Properties — Investor Presentation (September 2015) on 6ix