Lifestyle Communities Ltd · ASX:LIC
Lifestyle Communities — 2024 Macquarie Australia Conference
14 slides from Lifestyle Communities's conference presentation, May 7, 2024
Slide 1: Immediate release to the ASX
Tuesday, 7 May 2024 Immediate release to the ASX Investor Presentation Attached is a presentation that will be delivered by Lifestyle Communities Limited to investors at the 2024 Macquarie Australia Conference held in Sydney from 7 to 9 May 2024. Authorised for release by the Board. For further info
Slide 2: Lifestyle Communities: A Business for Purpose
Lifestyle Communities ® A Business for Purpose
Slide 3: Business snapshot
Business snapshot We’re champions for facilitating a bigger life for our homeowners. A cohort of like-minded working, semi-retired and retired downsizers who belong to a generation that’s seen more change than any before; and possibly any to come. • in the making • • under management • call Lifestyl
Slide 4: How do we differentiate?
How do we differentiate? • Relentless focus on a highly impactful customer journey that amplifies moments that matter – • Nurture a culture that is customer and homeowner centric – • Design and provide facilities that meet and exceed the needs of our emerging customers – • Provide benefits that go b
Slide 5: Club Lifestyle
Club Lifestyle Key Drivers: • Provide a fantastic benefit to our homeowners – • Differentiate against competitors – • Help drive sales –
Slide 6: What do we sell?
What do we sell? We don’t sell homes, we change people’s lives
Slide 7: Our unique Exit Fee
Our unique Exit Fee Co-investing with our homeowners • Key point of difference and customer benefit • Creates a long term vested interest in ensuring that the communities are maintained and improved • Drives our 30-year reinvestment plan in each community • Proof is in the pudding – 9.5% p.a. resale
Slide 8: Property market update
Property market update Residential housing market has softened. Impacted by: • Rapid interest rate rising cycle • High inflation • Insolvencies in the construction industry impacting consumer confidence • Land tax changes for investors Medium term macro dynamics remain positive: • Low unemployment •
Slide 9: Changing times, changing tactics.
Changing times, changing tactics. • Recognising the current market conditions in Victoria • Leaning into increased security concerns and financial stress Our latest radio ad
Slide 10: So why raise capital?
So why raise capital? Positions the business well for when the cycle turns Provides balance sheet strength in a period of slower settlements Avoids the need to slow the development engine and reduce supply in the medium term Enables counter-cyclical acquisition of high-quality land
Slide 11: Medium Term Settlement Outlook
Medium Term Settlement Outlook Increasing project velocity supports increased new home settlements in FY25 Community FY24 FY25 • Increasing settlement outlook due to higher number of Wollert 44-46 25 projects contributing settlements Deanside 32-34 35-40 St Leonards - The Waves 3 St Leonards - The S
Slide 12: Balance Sheet Capacity
Balance Sheet Capacity • Net Debt is currently $325 million. Total debt facility is $700 million. Community $'m Timing Warragul 12.9 Oct-24 • Post 31 December we have settled land at Merrifield, Clifton Ocean Grove 40.1 Jan-25 Clyde III 40.3 Jan-25 Springs, and Yarrawonga. Total Investment = $68 mil
Slide 13: Summary
Summary • FY24 has been a unique period as we have adjusted to the rapidly changing environment • The steps we have taken provide balance sheet strength during a period of slower settlements • Counter-cyclical land acquisitions positions the business well for when the cycle turns • At its core, our
Slide 14: Any Questions?
Any Questions? A Business for Purpose
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