Lifestyle Communities Ltd · ASX:LIC
Lifestyle Communities — Shareholder Meeting (November 2024)
13 slides from Lifestyle Communities's shareholder meeting presentation, Nov 12, 2024
Slide 1: Immediate release to the ASX: AGM presentation
12 November 2024 Immediate release to the ASX Lifestyle Communities® (ASX: LIC) releases the attached Managing Director and Chair presentation for the Annual General Meeting to be held today at 9.00am (Melbourne time). Authorised for lodgement by the Board. For further information please contact: Ja
Slide 2: Annual General Meeting
Annual General Meeting 12 November 2024
Slide 3: Managing Director — James Kelly
Managing Director — James Kelly 1 PRESENTATION Managing Director — James Kelly New homeowners at Lifestyle Riverfield Lifestyle Communities® Life. Unlimited.
Slide 4: FY24 in review
Managing Director — James Kelly 2 FY24 in review Growing annuity income streams • Low consumer confidence, driven by elevated inflation and multiple interest rate rises, resulted in deteriorating conditions in $60 the Victorian property market progressively throughout FY24 • Post covid cost increase
Slide 5: FY25 trading update — YTD October 2024
Managing Director — James Kelly 3 FY25 trading update — YTD 31 October 2024 1 • 92 new home settlements (FY24: 64) • 42 established home settlements (FY24: 51) • Consumer sentiment has been damaged by media coverage which has had an impact on sales and cancellations • We have continued to make sales
Slide 6: Lead indicators
Managing Director — James Kelly 4 Lead indicators Monthly new leads Appointments for the month Media coverage commenced 1,500 280 247 257 1,169 1,212 1,150 1,163 1,131 1,079 1,031 240 195 201 201 Media coverage commenced 200 176 1,000 783 687 160 130 124 525 95 120 85 500 80 40 0 0 Jan-24 Feb-24 Mar
Slide 7: Restoring Lifestyle's reputation — a key priority
Managing Director — James Kelly 5 Restoring Lifestyle’s reputation — a key priority • There is no doubt our reputation has been damaged by recent media coverage • The vast majority of our 5,500+ homeowners have expressed their disappointment at the way the business has been portrayed, which was not
Slide 8: Farewell and thank you
Managing Director — James Kelly 6 for y our sup p ort Farewell and thank y ou Lifestyle Communities® Life. Unlimited.
Slide 9: Chair — David Blight
Chair — David Blight 7 OVERVIEW Chair — David Blight Lifestyle Communities® Life. Unlimited.
Slide 10: FY25 — A transition year
Chair — David Blight 8 FY25 — A transition year • Market environment in Victoria remains challenging — Macro tailwinds remain supportive impacted by interest rates and state taxes over the medium term … • Conditions are expected to remain challenging for the remainder of FY25. Compounded for Lifesty
Slide 11: Independent review
Chair — David Blight 9 Independent review • As part of our response to the media coverage, an independent expert was appointed to review the fairness of our sales processes and customer disclosures • The report was received in early November • The key findings were: – policies and marketing collater
Slide 12: Outlook
Chair — David Blight 10 Outlook • Expect 1HFY25 settlements to be in the range of 120 to 130 (1HFY24: 124) 1 • 1HFY25 Operating Earnings after Tax expected to be in the range of $19.5m to $22m (1HFY24: $20.8m) 1 • Update on New Home Settlement Pipeline: – 92 new home settlements achieved to end of O
Slide 13: Important notice and disclaimer
11 Important notice and disclaimer This Presentation contains information about Lifestyle Communities® Limited (LIC) and its activities current at 12 November 2024 unless otherwise stated. It is information in a summary form and does not purport to be complete. It should be read in conjunction with
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