Lifestyle Communities Ltd · ASX:LIC
Lifestyle Communities — Shareholder Meeting (November 2020)
14 slides from Lifestyle Communities's shareholder meeting presentation, Nov 18, 2020
Slide 1: Annual General Meeting 18 November 2020
Annual General Meeting 18 November 2020
Slide 2: Section 1: Introduction from Chair - Philippa Kelly
Section 1 Introduction from Chair - Philippa Kelly Artist impression - Lifestyle Plumpton
Slide 3: Overview
Overview • Challenges of 2020 have reinforced the sound fundamentals of Lifestyle’s business • Increasing demand for affordable housing options by A B U SI N ESS FO R PU R P OSE active retirees and downsizers • Lifestyle is a people based business - focus on health and wellbeing of homeowners and ou
Slide 4: Section 2: Presentation from Managing Director - James Kelly
Section 2 Presentation from Managing Director - James Kelly Our beautiful gardens at Lifestyle Warragul
Slide 5: FY20 review
FY20 review • Acquired four new sites in St Leonards, Pakenham East, Clyde North, and Clyde • First homeowners moved in to Mount Duneed in December A B U SI N ESS FO R PU R P OSE 2019 and Kaduna Park in May 2020 • 280 new home sales and 253 new home settlements – impacted by Covid-19 from March 2020
Slide 6: Our approach to COVID-19
Our approach to COVID-19 Our Homeowners • Facilities closed in accordance with Government advice • Implemented a virtual wellness program • Surprise and delight initiatives • Virtual Community Meetings A B U SI N ESS FO R PU R P OSE Our Team • Retained all our team and redeployed team members with a
Slide 7: FY21 update
FY21 update • Sales have been impacted by the shutdown of Victoria’s real estate industry – This will impact settlements through FY21 • Construction has continued with civil programs and housing on track. Some minimal slippage to A B U SI N ESS FO R PU R P OSE clubhouse timeframes due to Covid restr
Slide 8: Sales rates
Sales rates • Established a virtual sales capability as covid Sales profile from date of first sale restrictions increased - limited success Ocean Grove with virtual sales as potential homeowners (Mar-17) 180 understandably want to inspect before purchase A B U SI N ESS FO R PU R P OSE 160 • Shifted
Slide 9: Land acquisitions and development update
Land acquisitions and development update • First homeowners settled in • First frames went up in • Land settlement expected to December 2019 October 2020 occur in the middle of 2021 • Access road now complete • First settlements expected in • First customer home A B U SI N ESS FO R PU R P OSE • Club
Slide 10: Developments in progress
Developments in progress 6 Communities in development phase A B U SI N ESS FO R PU R P OSE Construction fully complete First homeowners settled in May 2020 Clubhouse completed in October 2020 and final homes settling and clubhouse under construction L I FE ST Y L E CO M MU NI T I E S Civil works in
Slide 11: Portfolio overview and land acquisition strategy
Portfolio overview and land acquisition strategy 22 Communities in planning, development or under management Lifestyle Communities undertakes a detailed vetting of each potential site, and prioritises acquisitions based on Shepparton Focus remains on Melbourne and Geelong’s the following criteria: g
Slide 12: Summary
Summary • The Company adapted quickly and implemented a A BUSINESS FOR PURPOSE number of new practices to adjust to Covid normal • Additional marketing campaigns during lockdown means we are well prepared to re-engage with customers as restrictions continue to ease • A number of key milestones due t
Slide 13: Important notice and disclaimer
Important notice and disclaimer warranty, express or implied, beliefs of LIC’s management cautioned not to place undue is made as to the fairness, as well as assumptions made reliance on forward-looking accuracy, completeness or by and information currently statements and LIC assumes correctness of
Slide 14: Lifestyle Communities Limited contact details
Lifestyle Communities Limited Level 1, 9-17 Raglan Street South Melbourne VIC 3205 Ph: (03) 9682 2249 www.lifestylecommunities.com.au
Lifestyle Communities — Shareholder Meeting (November 2020) on 6ix