Equity Lifestyle Properties, Inc. · NYSE:ELS
Equity Lifestyle Properties — Investor Presentation (March 2012)
16 slides from Equity Lifestyle Properties's investor presentation, Mar 12, 2012
Slide 1: Equity LifeStyle Properties Investor Presentation, March 12, 2012
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Slide 2: Forward-Looking Statements
Forward-Looking ¡This unless looking ?in ?results ?impact ?effective ?unanticipated ?ability ?the ?other ¡These disclaims the Company’s dilutive effect presentation risks the age-qualified forward-looking to from statements ofany integration context obtain of government indicated effects home intere
Slide 3: ELS Property Overview
Equity ELS ¡One ?ELS ?Leases ?Customers ¡ELS ?> ?75,600 ?65,600 •Includes ¡ELS’s ¡Over 3(1) 90% Property Overview of has site owns 1,000,000 LifeStyle rent the of individual manufactured RVa46,200 composition property unique nation’s the position own sites operating land customer Properties the site
Slide 4: Key Value Drivers: Property, Customer Demographics, Real Estate
Equityproperties ¡Well ?>80 ?>100 ?Property ¡Long ¡Favorable ?Baby ?Active ¡Product 4?Own,Located Term properties Boomers rent, LifeStyle adults Flexibility locations Customer flexible Predictable Real and with PropertiesELS within RV are Estate use lake, Demographics owners strongly Cash 10 or rive
Slide 5: Asset quality
?Assetquality Equity ¡Primary ¡Lower ¡High ?Major ?High ?Retirement barriers scarcity LifeStyle metros/high maintenance investment and real to vacation PropertiesReal entry estate growth is costs/customer land/appreciating destinations areasEstate turnover component costs of real estate 5
Slide 6: Lifestyle and activities at ELS properties
Equity ELS ?Golf, ¡Recreation ?Concerts, ¡Arts ?Seminars, ¡Education ?Consider 6¡Volunteerism LifeStyle softball, LifeStyle Others, shows, Oneand fishing, Day Properties fund art Activities University fairs, raising tennis, crafts swimming, lawn bowling/bocce
Slide 7: Customer demographics and retention strategy
Notes: Equity Customer 10 ¡Lifestyle ?Amenities ¡Attractive ?Communities ?Low ?Easy ?Camping ?Flexible ?High ¡Long 20 30 capital maintenance Term quality repeat term 1) LifeStyle 40 Sources: use focus Demographics ?RV housing relationship /50 Multi-Phase social and commitment to60 ?Cottage multi-use
Slide 8: Financial Business Model Summary
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Slide 9: Consistent same store NOI growth versus REIT industry
Equity C 4Q11REIT 3Q11 2Q11 1Q11 4Q10 4Q071Q082Q083Q084Q081Q092Q093Q094Q091Q102Q103Q10 3Q07 2Q07 1Q07 4Q06 4Q031Q042Q043Q044Q041Q052Q053Q054Q051Q062Q063Q06 3Q03 2Q03 1Q03 4Q02 4Q991Q002Q003Q004Q001Q012Q013Q014Q011Q022Q023Q02 3Q99 2Q99 1Q99 4Q98 5.0%5.5%6.0%6.5%7.0%7.5%8.0%8.5%9.0%9.5%10.0%3Q98 4.5%
Slide 10: 2011 Acquisition Overview
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Slide 11: 2011 Acquisition financing
Equity ¡$1.4 1)Includes Notes: ?$400millionnewdebt(1) ?~$344millionJune2011publicequityoffering ?Over$500millionassumedmortgagedebtwithaweightedaverageinterestrateof5.6%andaweightedaveragematurityof6years ?$200millionequitytoseller 2011 11 Acquisition and billion LifeStyle iii) theacquisition $100mm
Slide 12: Significant Overlap in Core Geographies
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Slide 13: 2012 Guidance
Equity 2012 TheCompany’sguidanceacknowledgestheexistenceofvolatileeconomicconditions,whichmayimpactourcurrentguidanceassumptions.Factorsimpacting2012guidanceinclude,butarenotlimitedtothefollowing:(i)the schedule (vii)performanceofthechattelloanspurchasedbyusinconnectionwiththeAcquisition,and(viii)ou
Slide 14: 2012 Guidance Footnotes
EquityGuidance 2012 14 4)Duetotheuncertaintimingandextentofrighttouseupfrontpaymentsandtheresultingdeferrals,actualincomecoulddiffermateriallyfromexpectednetincome. 3)Seepage16fordefinitionofFFO. 2)Amountrepresentsestimated2012Coreincomefrompropertyoperationsin2011of$283.3millionmultipliedbyanestima
Slide 15: 2012 occupancy and growth rates
?2012occupancy Equity 2012 ¡MH ?Down ¡February ?MH ?Resort ¡Right-to-use Core base budget LifeStyle 19 base 2012 revenue sites Occupancy revenue annual is YTD compared 46% as Properties growth ofpayments earned (1)as growth February & Growth to is compared or December up is prepaid up 2012 3.0% Rate
Slide 16: Non-GAAP Financial Measures: Funds from Operations
Equity Non aFunds The unconsolidated amortized FFO may deferral performance. definition indication relevant Company be GAAP isfrom LifeStyle helpful of ofdifferently and over limited of right-to-use Operations Financial the The widely defines to the partnerships Company’s Properties investors releva
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