Equity Lifestyle Properties, Inc. · NYSE:ELS
Equity Lifestyle Properties — Investor Presentation (September 2014)
15 slides from Equity Lifestyle Properties's investor presentation, Sep 5, 2014
Slide 1: Equity LifeStyle Properties
Equity LifeStyle Properties ELS
Slide 2: Our Story
Our Story • One of the nation’s largest real estate networks with 379 properties containing over 140,000 sites in 32 states and British Columbia • Unique business model Own the land Low maintenance costs/customer turnover costs Lease developed sites High-quality real estate locations More than 80 pr
Slide 3: Property Locations
Property Locations 2 WA OR CA NV ID UT AZ NM TX OK LA AR MO IA MN WI IL OH MI PA WV KY TN MS AL GA FL SC NC MD DE NJ CT RI MA NH VT ME NY VA KS NE SD ND MT WY CO 4 4 7 6 6 3 3 8 4 4 4 4 2 2 3 2 8 17 37 10 9 7 7 25 6 6 11 4 16 14 14 3 6 5 10 IN ELS
Slide 4: Steady, Predictable Revenue Streams
Steady,Predictable Revenue Streams Property Operating Revenue Buckets(1) Property/Site composition • 201 manufacturedfresort home communities 71,500 sites • 178 RV resorts 68,800 sites Annuals 25,000 Seasonal 9,400 Transient 10,300 Membership sites 24.100 Note: 1) Property revenue buckets reflect Co
Slide 5: Our Lifestyle Options
Our Lifestyle Options ·Customers own the units they place on our sites • Manufactured homes • Resort cottages (park models) • Recreational vehicles ·We offer a lifestyle and a variety of product options to meet our customers’ needs ·We seek to create long erm relationships with our customers Manufac
Slide 6: Favorable Customer Demographics
Favorable Customer Demographics ·The population of people age 55 and older is expected to grow 26% from 2015 to 2030. US Population Over Age 55 (in millions) 80,000,000 60,000,000 40,000,000 20,000,000 New Residents MH • Average age 62 years RV • Average age 55 years Sum of 55-59 Sum of 60-64 Sum of
Slide 7: Customer Outreach
Customer Outreach • Online Marketing • Partners • Customer Engagement Channels 6
Slide 8: Track Record
Track Record Properties Sites States FFO Per Share (1)Normalized FFO Per Share (1)Common Stock Price (2)Enterprise Value (3)Dividend Paid Cumulative (4)Cumulative Total Return (5)S&P 500 Total Return (5) 41 12,312 16 $0.47 $0.47 $6.44 $296 million 379 140,303 32 $2.67 $2.73 $44.29 $6.3 billion $17.1
Slide 9: Consistent Same Store NOI Growth and Outperformance
Consistent Same Store NOI Growth and Outperformance ELS has maintained positive same store NOI growth in all quarters since at least Q3 ’98. REIT Industry Apartment ELS -8% -7% -6% -5% -4% -3% -2% -1% 0% 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 4Q98 2Q99 4Q99 2Q00 4Q00 2Q01 4Q02 2Q02 4Q01 2Q03 2Q04 2Q05 2Q06
Slide 10: ELS vs. Multifamily
ELS vs. Multifamily ELS compounded Same Store NOI growth rates significantly outperformed the REIT Multifamily industry since 1999 Same Store NOI Indexed Growth(1) FFO Multiples ELS Multifamily(4) 1996-2001 (3) 13.2x 10.7x 2002-2012 (3) 16.8x 16.8x2013 17.3x 17.0x Same Store NOI Indexed Growth Multi
Slide 11: Total enterprise value and capitalization
• Total enterprise value is $6.3 billion Debt to enterprise value is 34.2% $400 million available line of creditNote:1) Stock price as of July 31, 2014.10As of July 31, 2014 (in millions) Mortgage Debt$ 1,972.9 31.1% Common(1) $3,715.9 58.6% Preferred $136.1, 2.1% Term Loan $200.0, 3.2% OPU’s $320.3
Slide 12: Performance Update
Performance Update • 197 Manufactured Home Communities(1) Core(2) occupancy of 92% ? Core occupancy has grown 19 consecutive quarters through 6/30/2014 Increase of 115 sites through the first two quaters of 2014 Rental occupancy increased 2 sites through the first two quaters of 2014 ? Core communit
Slide 13: Safe Harbor Statement and Net Income to FFO Reconciliation
Safe Harbor Statement Non GAAP Financial Measures Net Income to FFO and Normalized FFO Reconciliation (in millions) Under the Private Securities Litigation Reform Act of 1995: The forward-looking statements contained in this presentation are subject to certain economic risks and uncertainties descri
Slide 14: Non GAAP Financial Measures
Non GAAP Financial Measures Funds from Operations (“FFO”) is a non-GAAP financial measure. We believe FFO, as defined by the Board of Governors of the National Association of Real Estate Investment Trusts (“NAREIT”), is generally an appropriate measure of performance for an equity REIT. While FFO is
Slide 15: Equity LifeStyle Properties
Equity LifeStyle Properties Two North Riverside Plaza, Chicago, Illinois 60606800-247-5279 | www.EquityLifeStyle.com 08/14
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