Lifestyle Communities Ltd · ASX:LIC
Lifestyle Communities — H1 FY2013 Earnings Presentation
15 slides from Lifestyle Communities's earnings presentation, Feb 15, 2013
Slide 1: Results Presentation Half-year ended 31 December 2012
For personal use only Results Presentation Half-year ended 31 December 2012 15 February 2013
Slide 2: Executive Summary
EXECUTIVE SUMMARY For personal use only • Successful completion of the entitlement offer and 31.12.2012 30.06.2012 Statement of Financial Position placement: ($’000) ($’000) - Raised $36.5 million. - Strong institutional support. Cash and equivalents 16,669 3,185 - Over 39% take-up from existing sha
Slide 3: Capital Pool and Annuities
CAPITAL POOL AND ANNUITIES Development Business Community Management Business For personal use only Total homes under management 700 –– 600 –– 500 –– Circulating 400 –– Capital 300 –– 200 –– Pool 100 –– 30-Jun-09 30-Jun-10 30-Jun-11 30-Jun-12 31-Dec-12 Years Lifestyle Communities aims to recover 100
Slide 4: Annuity Streams
ANNUITY STREAMS Annuity Income For personal use only $2,500,000 –– $2,250,000 –– $2,000,000 –– • 68 annuities added to the $1,750,000 –– Community Management Business during the half-year (51 annuities $1,500,000 –– net of joint ventures). $1,250,000 –– • Four existing home sales attracting $1,000,0
Slide 5: Trading Update
TRADING UPDATE Sales Commitments Settlements For personal use only • Strong half of 89 sales commitments. • Settlements of 68 for the half-year. • Cranbourne and Chelsea Heights continue to out- • 30 settlements at Cranbourne, 15 each at Warragul and perform. Shepparton. • Warragul and Shepparton sa
Slide 6: Assets, Liabilities and Equity
ASSETS, LIABILITIES AND EQUITY 31.12.2012 30.06.2012 For personal use only Statement of Financial Position ($’000) ($’000) Entitlement Offer and Placement • $36.5 million raising settled on 21 December Cash and equivalents 16,669 3,185 2012. • Cash costs of $1.2 million. Total Assets 126,408 105,408
Slide 7: Revenue, Expenses and Net Profit
REVENUE, EXPENSES AND NET PROFIT • Net profit before tax was $3.0 For personal use only million compared with $5.9 million 120 –– for the corresponding period last year. This result is in line with budget expectations. 100 –– • Revenue from new home sales $11.3 million compared to $14.5 million for
Slide 8: Portfolio Status
PORTFOLIO STATUS Sites sold For personal use only Total sites in Sites sold Sites occupied and awaiting settlement Communities & awaiting communities & occupied settlement # % Existing Communities – Mature Melton 228 227 1 228 100% Tarneit 136 129 7 136 100% Existing Communities – In Development War
Slide 9: Cash Flow Analysis
CASH FLOW ANALYSIS Chelsea Uncommitted Supplementary Cash Flow Cranbourne Melton Tarneit Warragul Shepparton Heights Hastings Total For personal use only Analysis for 1HFY2013 (50% JV) Capital (50% JV) Total Number of Homes 228 136 182 217 221 105 141 1,230 Settled 1HFY2013 1 3 15 30 15 4 – 68 Remai
Slide 10: Outlook
OUTLOOK For personal use only • The current committed sales bank as of 31 December 2012 is 157 (representing over $37 million of committed revenue); this compares to a sales bank of 132 as at 30 June 2012. • 89 net customer commitments were received between July and December 2012. This is historical
Slide 11: Expected Settlement Profile
EXPECTED SETTLEMENT PROFILE For personal use only Community FY13 FY14 FY15 FY16 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Brookfield (Melton) Seasons (Tarneit) Warragul Cranbourne Shepparton Chelsea Heights Hastings Lifestyle Communities Limited Downsize to a Bigger Life 11 Note: The above tim
Slide 12: Summary
SUMMARY For personal use only • Annuities under management has grown to 614 (557 net of joint ventures) as at 31 December 2013 after the settlement of 68 new homes (51 net of joint ventures) during the half. • Although profit was down half to half it is in line with budget expectations and it is exp
Slide 13: Lifestyle Communities
LIFESTYLE COMMUNITIES Lifestyle Communities is one of Australia’s leading developers of For personal use only affordable residential housing communities Total Lots in Communities Mature communities Brookfield (Melton) 228 Tarneit 136 Currently in development Warragul 182 Cranbourne (1) 217 Shepparto
Slide 14: Important Notice and Disclaimer
IMPORTANT NOTICE AND DISCLAIMER For personal use only While every effort is made to provide accurate and complete information, Lifestyle Communities Limited does not warrant or represent that the information in this presentation is free from errors or omissions or is suitable for your intended use.
Slide 15: Lifestyle Communities Limited
For personal use only Lifestyle Communities Limited Level 2, 35 Market Street South Melbourne VIC 3205 Ph: (03) 9682 2249 www.lifestylecommunities.com.au S H EP PARTON - C RANB OU RNE - WARRAGUL - CHEL SEA H EIGH T S - HA S T I NG S - TA R NE I T - M E LTO N
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