Equity Lifestyle Properties, Inc. · NYSE:ELS
Equity Lifestyle Properties — Investor Presentation (February 2018)
14 slides from Equity Lifestyle Properties's investor presentation, Feb 27, 2018
Slide 1: Equity LifeStyle Properties
Equity LifeStyle Properties
Slide 2: Our Story
Our Story • One of the nation’s largest real estate networks with 406 properties containing 151,323 sites in 32 states and British Columbia • Unique business model uOwn the land uLow maintenance costs/customer turnover costs uLease developed sites • High-quality real estate locations uMore than 90 p
Slide 3: Property Locations
Property Locations 2
Slide 4: Steady, Predictable Revenue Streams
Steady,Predictable Revenue Streams Property Operating Revenue Buckets(2) Property/Site composition(1) Transient 6.0% • 205 manufactured/resort home communities Seasonal 4.0% u 73,000 sites Annual Right to Use • 190 RV resorts 6.6% u 76,200 sites u Annuals 28,800 Annual RV u Seasonal 11,600 16.0% u T
Slide 5: Our Lifestyle Options
Our Lifestyle Options • Customers own the units they place on our sites u Manufactured homes u Resort cottages (park models) u 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 RV
Slide 6: Favorable Customer Demographics
Favorable Customer Demographics • The population of people age 55 and older is expected to grow 22% from 2018 to 2033 • Roughly 10,000 Baby Boomers will turn 65 every day through 2030 U.S. Population Over Age 55 (in millions) 120 100 80 New Residents 60 MH u Average age: 59 years RV u Average age: 5
Slide 7: Track Record
Track Record 10-Year Total Return Performance 500 400 300 Item IPO Year—1993 2018 200 100 Properties 41 406 0 Sites 12,312 151,323 -100 States 16 32 1/31/08 1/31/09 1/31/10 1/31/11 1/31/12 1/31/13 1/31/14 1/31/15 1/31/16 1/31/17 1/31/18 ELS (+405%) S&P 500 (+154%) SNL US REIT Equity (+115%) Net Inco
Slide 8: Consistent Same Store NOI Growth and Outperformance
Consistent Same Store NOI Growth and Outperformance ELS has maintained positive same store NOI growth in all quarters since at least Q3 1998.
Slide 9: Dividend
Dividend Dividend per Share $2.50 • 2018—$2.20/share(1) $1.00 g $2.20(1) $2.00 u 13% increase u 8% FFO growth $1.50 • Dividend growth $1.00 u 5 year CAGR (2) uELS 17% $0.50 (3) uREIT Average 7% $0.00 • Tax treatment of dividend 2013 2014 2015 2016 2017 2018 ELS(4) REIT average (5) u70% Ordinary Inco
Slide 10: Capital Structure
Capital Structure As of January 31, 2018 (in millions) Loan Maturity as of December 31, 2017 • Total enterprise value is $10.4 billion $400,000 • Debt to enterprise value is 21.4% $350,000 $300,000 • $370 million available line of credit thousands) (in $250,000 OPU’s $503.2, 4.9% Debt $200,000 Term
Slide 11: Performance Update
Performance Update • 200 Manufactured Home Communities(1) • 189 RV Resorts(1) u Core(2) occupancy of 94.5% as of 1/31/18 u Core resort base rental income u Core occupancy has grown 33 consecutive growth for the month ended quarters through 12/31/17 1/31/18 is 7.9%(3) u Core rental income growth from
Slide 12: Safe Harbor Statement / Non-GAAP Financial Measures
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: The the heading forward -“Risk looking Factors” statements in our contained 2017 Annual in this Report presentation on Form are 10 -subject K. See to Form certain 8-K economic filed January risks 30, and 2018 uncertain
Slide 13: Non-GAAP Financial Measures
Non-GAAP Financial Measures This the paragraphs document contains below. We certain believe non investors -GAAP measures should review used these by management non-GAAP that measures, we believe along are with helpful GAAP in understanding net income and our cash business, flow from as further opera
Slide 14: Equity LifeStyle Properties
Equity LifeStyle Properties Two North Riverside Plaza, Chicago, Illinois 60606 800.247.5279 | EquityLifeStyleProperties.com 2/18
Equity LifeStyle Properties — Investor Presentation (February 2018) on 6ix