Ingenia Communities Group · ASX:INA
Ingenia Communities — Shareholder Meeting (November 2019)
22 slides from Ingenia Communities's shareholder meeting presentation, Nov 12, 2019
Slide 1: 2019 Annual General Meeting
For personal use only 2019 ANNUAL GENERAL MEETING Creating Australia’s best lifestyle and holiday communities Ingenia Lifestyle Hervey Bay, QLD
Slide 2: Jim Hazel, Chairman
For personal use only Jim Hazel Chairman Ingenia Lifestyle The Grange, NSW
Slide 3: Overview: FY19
Overview: FY19 Ingenia continues to grow its rental income base, supported by development For personal use only • Resilient business model established • Existing homes, cabins and sites paying rent – generating stable, growing cash flows • Development Joint Venture with Sun Communities and expansion
Slide 4: Strategy focused on growing stable rental returns
Strategy focused on growing stable rental returns For personal use only $73 million of established communities and expansion land acquired • Mixed-use community, at Byron Bay, NSW • Ingenia Lifestyle, Lara, VIC › 269 permanent homes and holiday sites › 6.8 hectares of land adjacent to 210 home commu
Slide 5: Security price and total return
Security price and total return For personal use only Ingenia Security Price ($) Total Securityholder Return (%) to October 2019 4.7 70 Equity Raising 58.3 4.2 60 $3.93 50 3.7 40 3.2 30 23.6 24.1 22.0 2.7 19.4 20 12.7 12.4 12.8 12.4 12.3 8.8 8.3 2.2 10 0 1 year 3 years 5 years 10 years Ingenia Commu
Slide 6: First Joint Venture Project: Burpengary, Queensland
First Joint Venture Project: Burpengary, Queensland For personal use only Artist impressions – Ingenia Lifestyle Freshwater, QLD Development underway at Ingenia Lifestyle Freshwater, QLD 6
Slide 7: Creating Australia's best lifestyle and holiday communities
Creating Australia’s best lifestyle and holiday communities For personal use only 7
Slide 8: Outlook
Outlook For personal use only Ingenia Lifestyle Latitude One, NSW 8
Slide 9: Simon Owen, CEO & Managing Director
For personal use only SIMON OWEN CEO & Managing Director Ingenia Holidays Ocean Lake, NSW
Slide 10: Business Overview
Business Overview Rental base growing through acquisition and development For personal use only $ Stable rent base Over 9,370 >$2 million/pw $1B Income producing Property Portfolio sites Creating Australia’s Best Lifestyle and Holiday Communities Over 3,870 Development sites secured 10 communities u
Slide 11: Key financials
Key financials Successful integration of new assets delivering increased earnings For personal use only KEY FINANCIAL METRICS FY19 FY18 Revenue $228.7m $189.5m 21% EBIT1 $61.5m $48.8m 26% Statutory profit $29.3m $34.2m 14% Underlying profit1 $47.2m $36.8m 28% Underlying EPS1 21.0c 17.7c 19% Operatin
Slide 12: Expansion into funds management
Expansion into funds management Generating new revenue streams and capital efficiency For personal use only Acquisition of established funds management business (Eighth Gate Capital) complete August 2019 • Six funds with $140 million in assets under management • Investment of $19.6 million to acquir
Slide 13: Successful equity raising now complete
Successful equity raising now complete Proceeds to fund on-strategy acquisitions and growth For personal use only $131.1 million raised for six identified acquisitions and Strong demand from existing and new investors additional growth • Participation by over 1,100 investors in the Retail • Three es
Slide 14: First transaction due to be complete end November
First transaction due to be complete end November Colonial Village, Brisbane For personal use only • Well presented mixed-use community in Taigum, 16 km north of Brisbane CBD • Comprises 110 permanent homes and 40 short-term cabins and units as well as ~10 development sites • Median suburb house pri
Slide 15: Delivering future growth
Delivering future growth Building rental base and enhancing capital efficiency For personal use only On balance sheet acquisitions – Three established communities ($64 million) acquired FY19 1 continuing to identify opportunities Further $70 million of established assets to be funded via equity
Slide 16: Greenfield communities: Latitude One
Greenfield communities: Latitude One Attractive lifestyle with quality homes and facilities For personal use only Ingenia Lifestyle Latitude One – first greenfield community experiencing strong demand • Premium community with extensive infrastructure and facilities supporting 270 new homes • Project
Slide 17: Greenfield communities: Hervey Bay
Greenfield communities: Hervey Bay Attractive lifestyle with quality homes and facilities For personal use only Ingenia Lifestyle Hervey Bay – third greenfield community progressing well • Works commenced end 2018 on 253 home lifestyle community • First homes now being constructed • 26 deposits and
Slide 18: Sales outlook remains positive
Sales outlook remains positive For personal use only Record 336 new home settlements delivered FY19 with strong demand at key projects Year to date settlements tracking ahead of FY19 • Settlement of 89 homes FY20 year to date (up 21% on prior year) • Further 243 homes deposited or contracted • Margi
Slide 19: Giving back to our communities
Giving back to our communities Driving resident and team engagement For personal use only Partnership with Ronald McDonald House Charities Australia • First ever National Family Room Partner, providing support across all 18 locations • Cash donation and in kind support Strong sense of engagement fr
Slide 20: Recent awards
Recent awards For personal use only Caravan & Camping Industry Association Land Lease Living Community of the Year Ingenia Lifestyle The Grange Land Lease Living Community Engagement Ingenia Lifestyle Plantations Employee of the Year – Holiday Park Tess Clark Employee of the Year – Community Misty L
Slide 21: FY20 focus
FY20 focus For personal use only Improve performance of existing assets to drive growth in rental revenue Execute Joint Venture business plan, delivering opportunities for capital light growth and additional revenue streams Continue asset recycling to fund growth Continue focus on sales and marketin
Slide 22: 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 For personal use only and Ingenia Communities RE Limited (ACN 154 464 990) as responsible entity for Ingeni
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