Equity Lifestyle Properties, Inc. · NYSE:ELS
Equity Lifestyle Properties — Investor Presentation (December 2012)
20 slides from Equity Lifestyle Properties's investor presentation, Dec 7, 2012
Slide 1: Equity LifeStyle Properties Investor Presentation December 2012
Exhibit 99.1 Equity LifeStyle Properties INVESTOR PRESENTATION DECEMBER 2012
Slide 2: Colony Cove | Ellenton, FL
Colony Cove | Ellenton, FL
Slide 3: Our Story
OUR STORY One of the nation’s largest real estate networks with 382 properties containing over 141,000 sites in 32 states and British Columbia Unique business model Own the land Low maintenance costs/customer turnover costs Lease developed sites High-quality real estate locations >80 properties with
Slide 4: Property Locations
PROPERTY LOCATIONS Seattle WA Portland ME ND MN OR MT Boise SD WI Portland VT NY ID WY Minneapolis Boston NH CA MI MA NV Milwaukee Detroit New York RI UT IA PA CT Salt Lake City NE Chicago Cleveland Philadelphia NJ Sacramento CO IL OH Pittsburgh San Francisco Baltimore Denver Indianapolis IN Cincinn
Slide 5: Steady, Predictable Revenue Streams
STEADY, PREDICTABLE REVENUE STREAMS Property/Site composition 209 manufactured/resort home communities 75,600 sites 173RV resorts 65,500 sites Annuals 21,800 Seasonal 9,400 Transient 10,000 Membership sites 24,300 PROPERTY REVENUE BUCKETS(1) Transient 3.7% Seasonal 3.0% Annual Right to Use 8.7% Annu
Slide 6: Our Customers
OUR CUSTOMERS Customers own the units they place on our sites Manufactured homes Resort cottages (park models) Recreational Vehicles We offer a lifestyle and a variety of product options to meet our customers’ needs We seek to create long-term relationships with our customers Manufactured Home RV Re
Slide 7: Favorable Customer Demographics
FAVORABLE CUSTOMER DEMOGRAPHICS 80M Baby Boomers The population of people 50-74 is expected to grow 24% from 2010 to 2025. U.S. Population Over Age 50 (in millions) 100M 80M 60M 40M 20M 2010 2015 2020 2025 Ages 50-54 55-59 60-64 65-69 70-74 RV Owners 8M-9MRV Owners 192KRVsales in 2011 Average of 42K
Slide 8: Track Record
TRACK RECORD Item IPO Year-1993 2012 Properties 41 382 Sites 12,312 141,077 States 16 32 FFO Per Share (1) $0.94 $4.59 Common Stock Price (2) $12.88 $65.64 Enterprise Value (3) $296 million $5.4 billion Dividend Paid Cumulative (4) — $30.50 Cumulative Total Return (5) — 1,187% S&P 500 Total Return (
Slide 9: Consistent NOI Same Store Growth and Outperformance
CONSISTENT NOI SAME GROWTH STORE AND OUT PERFORMANCE Q31998-Q32012(1) Same Store NOI Averages: ELS 3.8% REITs 2.4% Apartments 2.4% ELS has maintained positive same store NOI growth in all quarters since at least Q3’98 10.0% 9.5% 9.0% 8.5% 8.0% 7.5% 7.0% 6.5% 6.0% 5.5% 5.0% 4.5% 4.0% 3.5% 3.0% 2.5% 2
Slide 10: ELS vs. Multifamily: Same Store NOI Indexed Growth
ELS VS. MULTIFAMILY SAME STORE NOI INDEXED GROWTH(1) ELS compounded Same Store NOI growth rates significantly outperformed the REIT Multifamily industry since 1999 FFO Multiples ELS Multifamily 1996-2001 (3) 12.9x 11.0x 2002-2011 (3) 16.9x 18.2x 2012 14.8x 19.1x Same Store NOI Indexed Growth $165 $1
Slide 11: ELS vs. Multifamily: FFO/Share and Total Return
ELS VS. MULTIFAMILY FFO/SHARE AND TOTAL RETURN While ELS and SNL Multifamily Index have had similar total returns, ELS has far outpaced Multifamily Index in FFO/share growth FFO/Share and Total Return: 2002-2011 (1) FFO/Share and Total Return (Indexed) $350 $300 $250 $200 $150 $100 $50 2002 2003 200
Slide 12: Capital Structure
CAPITAL STRUCTURE As of November 30, 2012 (In $US millions) Total enterprise value (1) is $5.4 billion Debt to enterprise value is 42% $380 million available line of credit Common (1) $2,719, 50.5% Mortgage Debt $2,073, 38.5% Term Loan $200, 3.7% OPU’s (1) $255, 4.7% Preferred $136, 2.5% Note: 1) St
Slide 13: Manufactured Home Communities
MANUFACTURED HOME COMMUNITIES Pine Lakes Country Club | North Ft. Myers, FL De Anza Santa Cruz | Santa Cruz, CA
Slide 14: Manufactured Home Communities
MANUFACTURED HOME COMMUNITIES Casa del Sol East | Glendale, AZ Coral Cay | Margate, FL
Slide 15: RV Resorts
RV RESORTS View Point RV | Mesa, AZ Goose Creek | Newport, NC
Slide 16: RV Resorts
RV RESORTS Hidden Cove at Lake Conroe | Willis, TX Gulf View | Punta Gorda, FL
Slide 17: Our Lifestyle
OUR LIFESTYLE Monte Vista | Mesa, AZ Pine Lakes Country Club | North Ft. Myers, FL
Slide 18: Statement Safe Harbor
STATEMENT SAFE HARBOR Under the Private Securities Litigation Reform Act of 1995: The forward-looking statements contained in this presentation are subject to certain economic risks and uncertainties described under the heading “Risk Factors” in the Company’s 2011 Annual Report on Form 10-K and the
Slide 19: Monte Vista | Mesa, AZ
Monte Vista | Mesa, AZ
Slide 20: Slide 20
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