Equity Lifestyle Properties, Inc. · NYSE:ELS
Equity Lifestyle Properties — Investor Presentation (November 2014)
15 slides from Equity Lifestyle Properties's investor presentation, Nov 5, 2014
Slide 1: Equity LifeStyle Properties
Exhibit 99.1 Equity LifeStyle Properties Exhibit 99.1
Slide 2: Where Winter is...Not!
Cifferenty i es fOr . ‘abniag ——e te 8! i] Where Winter is...Not!
Slide 3: One Unique Story
•Our MoreOne Story OwnUnique Low Lease •Balance 1 In of the maintenance the Propertydeveloped Stable, thanland business sheet nation’s business High-quality locations 80 100 sites real properties properties are in largest model costs/customer predictable estate retirement strongly flexibility for mo
Slide 4: Property Locations
4 Property 3 2 WA MN ND OR WI WY ID CA NV 7 RI IN UT 1 9 KS 4 6 NM 3ME NY SD VT 43OH4DE MIMT 2SCLocations 7NE2VA NH3MA 3IA 5AR PA 6 6 6 CT AZ 11 TN 6 TX MS FL LA 37 17 8 14 10 8WV CO MO AL 7GA NCIL MD NJ 25 KY OK
Slide 5: Steady, Predictable Revenue Streams
Steady, •Property/Site 1) 201 71,500 181 69,700 Property Revenue Note: 2014 Predictable Transient Seasonal All 3 manufactured/resort sites RV Annual 25,600 composition resorts Operating Buckets 3.3% Property (“ELS4.7% Revenue Revenue sites Annuals revenue Reports = 92% home Streams Seasonal buckets
Slide 6: Our Customers Lifestyle
•Our Customers Lifestyle Manufactured Resort Recreational We offer RV Resort 4 Site aOptions cottages own (parkthe vehicles homes lifestyle Cottage Home unitsa they models) and place variety on our sites of product options to meet our customers’ needs create relationships our customers We seek to lo
Slide 7: Favorable Population and Customer Demographics
•Favorable 5 015The U.S. 2 0 Note: population 20,000,000 40,000,000 60,000,000 80,000,000 100,000,000 120,000,000 New MH Roughly Boomers every Sources: Customer Average Population Residents 2020 dayUS 10,000 will through 2025 Census RV turn of2012, Over Baby 2030Demographics people Average 2030. 65
Slide 8: Track Record of Total Return Performance
Track Item Properties Sites States FFO Normalized Common Enterprise Dividend Cumulative S&P Note: determined amounts guidance as 4) September 5) (calculation 10-Year Total Equity ELS -200.00 0.00 200.00 400.00 600.00 800.00 1,000.00 1,200.00 1,400.00 1,600.00 1,800.00 2,000.00 Source: Notes: 1) 2) O
Slide 9: Consistent Same Store NOI Outperformance
Consistent ELS 1) Note: asset 7 Source positive classes, for Same has including SameStore same Store NOI maintained regional NOIGrowth data: malls, store Citi andshopping quarters Investment Outperformance centers, NOIResearch, growth multifamily, since August in student all 2014. at least Earliest
Slide 10: ELS FFO Multiples vs. Multifamily
ELS FFO 1996-2001 Same 170 1998 Multi-family 1) Note: 2) 3) 4) 8 The Source: 160 vs. rates Multiples 1999 Store Multi-family Multifamily 150 compounded Citi SNL 2000 (3) NOI 140 Index 13.2x Investment ELS Financial. 2001 Indexed 130 (2) Multifamily Index 10.7x 120 2002 ELS significantly Growth(1) Gr
Slide 11: Capital Structure
Capital •As of Total Note: OPU’s September Structure Common(1) 1) Stock enterprise $306.4, price 30,September $3,554.2 as 4.9% of value 2014 Term is(in Mortgage$6.2 Loanmillions) billion 30, 57.4% $200.0, Debt 2014.Debt 3.2% to enterprise 9 $2,005.9 Preferred 32.3%value 2.2% $136.1, is 35.6% of $400
Slide 12: 2015 Normalized FFO Guidance
•2015 Core 15% 50% (1) Normalized Guidance(1) $2.88—$2.98 7% growth Core 2015 Note:MH RV See NOI revenue Normalized 10 increase pagesFFO FFO per growth dividend rentover in 15last and and of fully growth of 2014 two 16 Core$268.5 ofdiluted 4.3% $1.502.8% ofNOI for per 4.3% years the million share sh
Slide 13: Safe Harbor / FFO Reconciliation
Safe Under The risks October pro Non-GAAP Computation Net Income Series Deferral Depreciation Amortization (Gain) Funds Change Transaction Loss Goodwill Normalized 1) Note: The forma Income income under Harbor onB from from the loss 2014 allocated in and statements of Redeemable impairment expectati
Slide 14: Non-GAAP Financial Measures
Non-GAAP Funds is from impairments, basis. and adjust financial costs We amortization can our account acquisitions performance Normalized Investors REIT’s define comparable FFO income, liquidity, 12 generally define believe management facilitate amortized do operations related We for from the operat
Slide 15: Equity LifeStyle Properties
Equity Two North LifeStyle Riverside Properties Plaza, Chicago, Illinois 60606 800-247-5279 | www.EquityLifeStyle.com
Equity LifeStyle Properties — Investor Presentation (November 2014) on 6ix