Ingenia Communities Group · ASX:INA
Ingenia Communities — Investor Presentation (May 2021)
50 slides from Ingenia Communities's investor presentation, May 3, 2021
Slide 1: Virtual Investor Briefing
Presented by Ingenia Communities 3 May 2021 INGENIA COMMUNITIES GROUP VIRTUAL INVESTOR BRIEFING
Slide 2: Introduction
Introduction Introduction Simon Owen Ingenia Holidays Update Matthew Young General Q&A Residential Markets • Kate Melrose Simon Owen Matthew Young • Eliza Owen CEO & Managing Director GM Tourism Ingenia Communities Ingenia Communities • Craig Maidment Residential Q&A Close Simon Owen Eliza Owen Kate
Slide 3: Portfolio overview
Portfolio overview Continuing to grow operations and portfolio scale Over $170 million assets acquired year to date 80 Communities $1.3B Property Portfolio Pipeline remains strong – greenfield land 42 Lifestyle and Holiday Communities and established communities 26 Ingenia Gardens Communities 9 Fund
Slide 4: Expanding presence in Queensland
Expanding presence in Queensland Greenfield site at Bargara expands balance sheet pipeline Bargara Waters Lifestyle Resort • Extends presence on Queensland coast • Ingenia Lifestyle Hervey Bay is located approximately 1.5 hours away • Bargara is a popular tourist town which is well serviced by ameni
Slide 5: Expanding presence in Queensland
Expanding presence in Queensland Greenfield site at Bargara expands balance sheet pipeline Bargara Waters Lifestyle Resort • Attractive 16.2 hectare ocean front greenfield site with approval for a 344 home land lease community and associated community facilities • The development will be undertaken
Slide 6: Expanding presence in Queensland
Expanding presence in Queensland Premium lifestyle community on Sunshine Coast acquired March 2021 Nature’s Edge, Buderim, Queensland • Unique, premium community located on the Sunshine Coast, one hour north • Mature adjoining community, The Village Forest Glen, of 51 homes of Brisbane • Development
Slide 7: Expanding presence in Queensland
Expanding presence in Queensland Holiday and rental community in Townsville acquired March 2021 BIG4 Townsville Woodlands, Townsville, Queensland • Mixed-use resort located in Townsville, along popular drive route to Cairns • Ability to enhance returns through the addition of five new tourism cabins
Slide 8: Ingenia Holidays
Ingenia Holidays a Holiday SOLDIERS POINT
Slide 9: Matt Young
Matt Young General Manager Tourism Matt joined Ingenia in March 2021 and is responsible for all Ingenia Holidays communities and food and beverage operations. Matt brings 25 years’ experience in national and international tourism working with global hotel brands to the role with responsibility for o
Slide 10: Acquisition of unique portfolio of holiday parks to complete July 2021
Acquisition of unique portfolio of holiday parks to complete July 2021 Attractive assets delivering immediate accretion Portfolio of five leasehold holiday parks located in key markets • Three parks in Victoria, complementing BIG4 Inverloch and providing immediate scale • Two parks within existing e
Slide 11: Merry Beach Caravan Park expands NSW South Coast presence
Merry Beach Caravan Park expands NSW South Coast presence Acquisition scheduled to complete 4 May 2021 • Adds 540 income producing sites through an established park with identified upside • Located in a prime beachfront location on over 13 hectares of perpetual leasehold and licensed land • Includes
Slide 12: Quality portfolio with expanding east coast presence
Quality portfolio with expanding east coast presence Recent acquisitions enhance footprint and leverage established platform >1,100 Cabins >2,500 Sites >1.1m Room nights >1,300 Annuals On completion of announced acquisitions the portfolio will consist of 33 holiday parks along Australia’s East Coast
Slide 13: Outlook for domestic travel is positive
Outlook for domestic travel is positive ‘Holidaying at home’ has driven growth in demand Market conditions for caravanning and camping remain buoyant • Market demonstrating resilience post COVID • Ingenia adapting model to cater to diverse guests and needs • Focus on converting first time guests to
Slide 14: Ingenia Holidays business has rebounded strongly
Ingenia Holidays business has rebounded strongly Year to date the portfolio has delivered strong growth across key metrics • Year to date revenue to end March up circa 20% on prior corresponding • Acquisition strategy has increased exposure to recovering market and upside period (based on like for l
Slide 15: Recent trends and performance
Recent trends and performance Digital presence supporting growth – key assets performing well • Driving significant growth in traffic through ingeniaholidays.com.au • Parks within drive distance of cities continuing to exhibit strongest demand as customers travel closer to home and take shorter brea
Slide 16: Current initiatives
Current initiatives Capitalising on increased demand Evolving guest experience and product to respond to emerging needs • Increasing capacity and evolving accommodation offer Addition of new cabins at supply constrained parks (60+ planned FY22) Refining cabin design in response to guest feedback
Slide 17: Current Initiatives
Current Initiatives Capitalising on increased demand Evolving guest experience and product to respond to emerging needs • New website with increased functionality – plan your itinerary through our parks • Digital marketing to 225,000+ database • Broadening customer base Increasing presence in broa
Slide 18: Questions
Questions J tt tk 3 Es 18 Ingenia Lifestyle Ingenia Holidays Ingenia Gardens Ingenia Renta! |
Slide 19: Residential Markets
Residential Markets Jee | ee ae Ingenia Lifestyle
Slide 20: Kate Melrose
Kate Melrose General Manager Project Sales Kate joined Ingenia in August 2014 and is responsible for sales across the Group’s Ingenia Lifestyle development projects. Kate brings over 20 year’s property experience to the role. Kate spent 14 years at Lend Lease in a range of roles including Global St
Slide 21: Post COVID sales rebound supported by market conditions
Post COVID sales rebound supported by market conditions • Growing sales enquiry and increasing settlements • Demand underpinned by longer term demographic trends and more recent catalysts February a record month for sales Ageing population and low penetration rate Settled 223 homes to 31 March
Slide 22: Growing customer awareness of the sector
Growing customer awareness of the sector Increasing consumer demand for community living post COVID • Demand for sea and tree change locations from capital city markets • Increased capacity to pay Taking 4 key themes advantage of driving buyer Escape • A more educated buyer emerging the current beha
Slide 23: Ingenia performing strongly in light of customer insight from industry research
Ingenia performing strongly in light of customer insight from industry research Industry research post-COVID confirmed there are 10 Key factors that drive customer satisfaction and advocacy The pillars that underpin Ingenia’s strong value proposition COVID has driven an increased priority on ageing
Slide 24: First greenfield project established new benchmarks – now sold out
First greenfield project established new benchmarks – now sold out • 270 homes SOLD OUT • Launch record • Strong price escalation • Platinum Home innovation • First solar installation • Established new benchmark for lifestyle living Winner National Marketing Excellence Award 2018 Retirement Living A
Slide 25: Affordable lifestyle & sea-change proposition drives sales volumes at Hervey Bay
Affordable lifestyle & sea-change proposition drives sales volumes at Hervey Bay 25
Slide 26: Ingenia Lifestyle Hervey Bay
Ingenia Lifestyle Hervey Bay Sea change lifestyle and affordability Loc a ti on or i gi n c ha nge pr e • Project pre-launch early 2019 a nd pos t c ovi d • First homes settled December 2019 1/10/19 – 31/3/20 1/1/21 – 31/3/21 • 100+ residents now in place UNKNOWN - ALREADY SOLD AND TRAVELLING 11% 8%
Slide 27: Eliza Owen
Eliza Owen Head of Residential Research Australia, CoreLogic Eliza Owen is the Head of Residential Research Australia. Eliza has a wealth of experience in property data analysis and reporting. She worked as an economist at Residex, a research analyst at Domain Group and previously as the commercial
Slide 28: CoreLogic
CoreLogic CoreLogic Australia is a wholly owned subsidiary of CoreLogic (NYSE: CLGX), which is the largest property data and analytics company in the world. CoreLogic provides property information, analytics and services across Australia, New Zealand and Asia, and recently expanded its service offer
Slide 29: Housing Market Update
Housing Market Update Ingenia Communities May 2021
Slide 30: Residential Real Estate Underpins Australia's Wealth
Residential Real Estate Underpins Australia’s Wealth RESIDENTIAL REAL ESTATE $8.1 Trillion AUSTRALIAN SUPERANNUATION $3.0 Trillion AUSTRALIAN LISTED STOCKS $2.5 Trillion COMMERCIAL REAL ESTATE $964 Billion Data as at May 2021. 10.6 million $1.9 trillion 53.0% 503,691 $331 billion Number of dwellings
Slide 31: COVID-induced dip one of the smallest property downturns in 30 years
The COVID-induced dip became one of the smallest property market downturns in the past 30 years Months and value change from previous record high - dwellings, national 1989-91 1994-95 2004-05 (GFC) 2008-09 2010-13 2015-16 2017-19 COVID-19 (2020-21) 1% 0% -1% Value relative to start of downswing -2%
Slide 32: National home values rose 6.8% in three months to April
In the three months to April, national home values rose 6.8%, which is the highest quarterly dwelling growth rate since December 1988 Rolling quarterly change in dwelling values Change in dwelling values, three months to April 2021 Combined Capitals Combined Rest of State 8% Australia 6.8% Combined
Slide 33: Rolling 28-day growth rate may have peaked through March
The rolling 28-day growth rate shows dwelling value increases may have peaked through the month of March Rolling 28-day growth rate in CoreLogic Home Value Indices Combined Capitals Combined Rest of State 3.0% 2.5% 2.0% 1.8% 1.5% 1.7% 1.0% 0.5% 0.0% -0.5% -1.0% -1.5% 28 Jun 20 15 Nov 20 05 Apr 20 03
Slide 34: Sales volumes increased 22.6% nationally over twelve months
CoreLogic estimates sales volumes increased 22.6% nationally over the twelve months to April Monthly sales with six month moving average, National Annual change in sales volumes April 21 Sydney 18.0% Melbourne 2.8% Brisbane 25.6% 70,000 Adelaide 12.9% Perth 38.9% 60,000 Hobart -7.8% 10-year average
Slide 35: Fresh listings increased but overall stock levels remain below average
Fresh listings to the market have increased substantially over April, but a rapid rate of absorption from strong buyer demand is keeping overall stock levels well below average Number of new listings, National Dwellings Number of total listings, National Dwellings 60,000 300,000 50,000 250,000 40,00
Slide 36: Owner occupiers driving the recovery in home lending
Owner occupiers have been the driving force behind the recovery in home lending, but the most recent trend hints that a shift towards a larger proportion of investors could be underway Monthly value of owner occupier v investor Month-on-month change in the value of Month-on-month change in the value
Slide 37: Investor activity trending higher; first home buyer activity surged
Although investor activity has been trending higher, proportionally the sector is only slightly off record lows. First home buyer activity has surged but may be showing signs of peaking. Investor housing finance commitments as a % of total First home buyer housing finance commitments as a % of housi
Slide 38: Lifestyle markets saw an uplift in dwelling values over 2020
Lifestyle markets in both capital cities and regional Australia generally saw an uplift in dwelling values over 2020. This trend appears to be continuing in 2021, though it is expected the rate of increase will start to ease throughout the year. CONFIDENTIAL © 2021 CoreLogic, Inc. All Rights Reserve
Slide 39: Migration from Melbourne and Sydney to regional areas surging
Residents moving from Melbourne and Sydney to regional areas of NSW and Vic are driving a surge in internal migration towards non-metro areas Net internal migration Net internal migration to regional areas of Australia Combined regional areas of Australia 12,000 12,000 Sep quarter 2019 10,000 Sep qu
Slide 40: Internal migration through the year to June exacerbated historic trends
Internal migration through the year to June showed an exacerbation of historic trends Top 10 SA4s - Net Internal Migration estimate for Bottom 10 SA4s - Net Internal Migration estimate for year to June 2020 year to June 2020 -2,403 Perth - North West Gold Coast 6,709 -3,028 Melbourne - Inner East Su
Slide 41: Sub markets across Australian regions saw increased dwelling values
Most sub markets across Australian regions have seen an increase in dwelling values through the March quarter Quarterly change in dwelling values – SA4 Regions Select regional data Change in values Sales Vols Annual Median Gross Region Median value - 12 change in 12 rent yields 3 months months sales
Slide 42: Sub markets across Australian regions saw increased dwelling values
Most sub markets across Australian regions have seen an increase in dwelling values through the March quarter Quarterly change in dwelling values – SA4 Regions Select regional data Change in values Annual Sales Vols - Median Gross Region Median value change in 12 12 months rent yields sales 3 months
Slide 43: Sub markets across Australian regions saw increased dwelling values
Most sub markets across Australian regions have seen an increase in dwelling values through the March quarter Quarterly change in dwelling values – SA4 Regions Select regional data Change in values Sales Vols - 12 Annual change Gross Region Median value Median rent 12 months in sales yields 3 months
Slide 44: Disclaimer
Disclaimer In compiling this publication, RP Data Pty Ltd trading as CoreLogic has relied upon information supplied by a number of external sources. CoreLogic does not warrant its accuracy or completeness and to the full extent allowed by law excludes liability in contract, tort or otherwise, for an
Slide 45: Get in Touch
Get in Touch CALL US Support, training, sales or account 1300 734 318 ValEx 1300 660 051 CUSTOMER SUPPORT OFFICE HOURS Mon - Fri 7am - 7pm AEST 7am - 8:30pm AEDT Sat 8:30am - 12:30pm AEST Sun Closed CONFIDENTIAL © 2021 CoreLogic, Inc. All Rights Reserved. 45
Slide 46: Craig Maidment
Craig Maidment Managing Director, Ezi Build Group & QMR Constructions Craig Maidment is Managing Director, Ezi Build Group and QMR Constructions Craig has extensive construction and development experience, having worked within the Australian industry for twenty five years. He has been involved in th
Slide 47: QMR Constructions
QMR Constructions QMR Group projects include Plantations and Latitude One. The Group will construct Ingenia’s first ‘Green Home’ at Plantations this year. 47
Slide 48: Questions
Questions 48
Slide 49: Thank You
Thank You w aes Lifest + & ik e Ingenia Lifestyle Ingenia Holidays Ingenia Gardens Ingenia Renta! |
Slide 50: Disclaimer
Disclaimer This presentation was prepared by Ingenia Communities Holdings Limited (ACN 154 444 925) The forward looking statements included in this presentation involve subjective judgment and and Ingenia Communities RE Limited (ACN 154 464 990) as responsible entity for Ingenia analysis and are sub
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