Equity LifeStyle Properties, Inc. · NYSE:ELS
Equity LifeStyle Properties — Investor Presentation (February 2017)
15 slides from Equity LifeStyle Properties's investor presentation, Feb 28, 2017
Slide 1: Equity LifeStyle Properties
Equity LifeStyle Properties els
Slide 2: Our Story
Our Story One of the nation’s largest real estate networks with 391 properties containing 146,610 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 80 propert
Slide 3: Property Locations
Property Locations 4 3 2 WA ME ND MN 4 MT 3 OR VT WI NY WY 4 MI NH ID 4 CA SD 2 2 3 MA NV 3 RI 7 NE IA 5 PA 6 6 6 IN OH UT CO IL 6 NJ 9 2 2 16 WV DE 4 7 KS AZ MO KY VA 11 NM NC 4 TN 6 26 OK AR 6 SC MS TX AL GA LA FL 8 6 18 11 37 15 4 14 9 10 2 els
Slide 4: Steady, Predictable Revenue Streams
Steady,Predictable Revenue Streams Property Operating Revenue Buckets(1) Property/Site composition Transient 5.9% home 203 manufactured/resort communities Seasonal 4.1% u 72,600 sites Annual Right to Use 188 RV resorts 6.7% u 74,000 sites u Annuals 27,300 Annual RV u Seasonal 11,600 15.4% u Transien
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 Site
Slide 6: Favorable Customer Demographics
Favorable Customer Demographics The population of people age 55 and older is expected to grow 24% from 2017 to 2032 • 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: 55
Slide 7: Track Record
Track Record 10-Year Total Return Performance 300 Equity Lifestyle Proper1es, Inc. - -- 10 Years Total Return (%) 250 200 IPO Year—1993 2017 150 Item 100 Properties 41 391 50 0 Sites 12,312 146,610 - --50 - --100 States 16 32 1/31/07 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/
Slide 8: Consistent Same Store NOI Growth and Outperformance
Consistent Same Store NOI Growth and Outperformance ELS positive has same maintained store NOI quarters growth since in all at least Q3 1998. 0%1%2%3%4%5%6%7%8%9%10% -1% -2% -3% -4% -5% -6% -7% -8% REIT Industry Apartments ELS Els Average 3.9% Apartments Average 3.2% Industry Average 3.0% 98 99 99 0
Slide 9: Comparison of ELS to MH Industry NFFO per share
Comparison of ELS to MH Industry NFFO per share Indexed Growth $240 $220 ELS compounded NFFO(1) per share growth rates outperformed the $200 REIT MH Industry since 2006. $180 $160 $140 $120 $100 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 ELS NFFO Per Share(2) MH Industry NFFO Per Share(2
Slide 10: Dividend
Dividend Dividend per Share $2.50 2017—$1.95/share(1) $2.00 $1.95 u 15% increase $0.15 $1.95 g $1.70 u 7% FFO growth $1.50 $1.50 $1.30 $1.00 Historical growth $1.00 $0.88 $0.75 (2) u 10 year CAGR of 27% $0.60 $0.55 $0.50 $0.40 $0.30 $0.15 $0.00 Tax treatment of dividend(3) 2006 2007 2008 2009 2010 2
Slide 11: Capital Structure
Capital Structure As of January 31, 2017 (in millions) Total enterprise value is $9.1 billion Debt to enterprise value is 23.2% Loan Maturity as of December 31, 2016 $350,000 $400 million available line of credit $300,000 OPU’s $444.4, 4.9% Term Loan $200.0, 2.2% thousands) $250,000 Preferred $136.1
Slide 12: Performance Update
Performance Update 199 Manufactured Home Communities(1) 187 RV Resorts(1) u Core(2) of 01/31/2017 occupancy of 94% as u Core resort base rental income u Core occupancy has grown 29 consecutive growth for the month ended quarters through 12/31/2016 01/31/2016 is 2.4%(3) u Core community base rental i
Slide 13: Safe Harbor Statement
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: the The heading forward -“Risk looking Factors” statements in our contained 2016 Annual in this Report presentation on Form are 10 -subject K. See to Form certain 8-K economic filed January risks 23, and 2017 uncertain
Slide 14: Non-GAAP Financial Measures
Non-GAAP Financial Measures This discussed document in the contains paragraphs certain below non. -We GAAP believe measures investors used should by management review Funds that from we believe Operations are helpful (“FFO”), in and understanding Normalized our Funds business, from Operations as fur
Slide 15: Equity LifeStyle Properties
Equity LifeStyle Properties Two North Riverside Plaza, Chicago, Illinois 60606 800-247-5279 | www.EquityLifeStyle.com 2/17
Equity LifeStyle Properties — Investor Presentation (February 2017) on 6ix