Lifestyle Communities Ltd · ASX:LIC
Lifestyle Communities — Shareholder Meeting (November 2012)
11 slides from Lifestyle Communities's shareholder meeting presentation, Nov 22, 2012
Slide 1: Annual General Meeting 22 November 2012
For personal use only Annual General Meeting 22 November 2012
Slide 2: FY2012 Highlights
1.FY2012 HIGHLIGHTS • EBIT: $11.4m Income Growth For personal use only • Net profit before tax: $8.9m • Net profit after (current) tax: $25,000,000 –– –– $7,000,000 $8.9m ^ • Net profit after tax: $6.0m • Included in profit is $0.5m –– $6,000,000 pre-tax of expenses written- $20,000,000 –– off relat
Slide 3: Portfolio Status
2. PORTFOLIO STATUS For personal use only Sites sold Sites sold, occupied & being developed Total sites in Sites sold Communities & awaiting communities & occupied settlement # % Existing Communities – Mature Melton 228 227 1 228 100% Tarneit 136 129 5 134 99% Existing Communities – In Development W
Slide 4: Annuity Streams
3. ANNUITY STREAMS The level of annuity income increases as each home is settled For personal use only Annuity Income $5,000,000 –– $4,500,000 –– $4,000,000 –– $3,500,000 –– $3,000,000 –– $2,500,000 –– $2,000,000 –– $1,500,000 –– $1,000,000 –– $500,000 –– FY2008 FY2009 FY2010 FY2011 FY2012 Average N
Slide 5: Trading Update
4. TRADING UPDATE The start of FY2013 has seen continued improvement in sales commitments For personal use only Sales Commitments Settlements • August and October 2012 were record months for sales commitments • Settlements to 31 October have exceeded budget • Demand at Chelsea Heights, Cranbourne an
Slide 6: Key Market Drivers
5. KEY MARKET DRIVERS Demographic changes are driving a rapid increase in the size of the For personal use only potential market for affordable housing; between 2001-2011 Victoria’s over 55 population grew by 30%, compared to a total population increase of 15%(1) The big housing market themes are: A
Slide 7: Entitlement Offer and Placement
6. ENTITLEMENT OFFER AND PLACEMENT Lifestyle Communities is undertaking a transformational equity raising that For personal use only will change the investment proposition Proposed Offer Benefits for Shareholders Structure: Placement and 1 for 1 Opportunistic Growth Entitlement Offer • Expanded deve
Slide 8: Opportunistic Growth
7. OPPORTUNISTIC GROWTH The additional equity funding in the development business will enable a For personal use only sustainable growth profile • T he current downturn in residential construction and land development is expected to give rise to attractive opportunities for Lifestyle Communities inc
Slide 9: Contact Details
CONTACT DETAILS For personal use only For further information please contact: Lifestyle Communities Limited Geoff Hollis Bruce Carter Chief Financial Officer & Company Secretary Executive Director-Finance Ph: (03) 9682 2249 Ph: (03) 9682 2249 Email: geoff.hollis@mylifestyle.com.au Email: bruce.carte
Slide 10: Important Notice and Disclaimer
IMPORTANT NOTICE AND DISCLAIMER For personal use only While every effort is made to provide accurate and complete information, Lifestyle Communities Limited does not warrant or represent that the information in this presentation is free from errors or omissions or is suitable for your intended use.
Slide 11: Lifestyle Communities Limited
For personal use only Lifestyle Communities Limited Level 2, 35 Market Street South Melbourne VIC 3205 Ph: (03) 9682 2249 www.lifestylecommunities.com.au S H EP PARTON - C RANB OU RNE - WARRAGUL - CHEL SEA H EIGH T S - HA S T I NG S - TA R NE I T - M E LTO N
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