Equity Lifestyle Properties, Inc. · NYSE:ELS
Equity Lifestyle Properties — Investor Presentation (February 2014)
14 slides from Equity Lifestyle Properties's investor presentation, Feb 25, 2014
Slide 1: Equity LifeStyle Properties
St ae DP Equity LifeStyle Properties
Slide 2: Our Story
OUrStory, + 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 t
Slide 3: Property Locations
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Slide 4: Steady, Predictable Revenue Streams
Steady, Predictable Revenue Streams Property Operating -Property/Site composition +201 manufactured/resort home communities > 71,500 sites +178 RV resorts > 68,900 sites » Annuals 25,000 » Seasonal 9,500, » Transient 10,300 » Membership sites 24,100 1) Property revene bucket let Campa estate 2014 po
Slide 5: Customers own the units they place on our sites
- 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-term relationships with our customers
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. U.S. Population Over Age 55 (in millions) RV Owners | | | + 8M - 9M RV owners i ~ + Over 230K RV sales in 2013 + Average of 42K RV 4 owners within 100 amo 2oas | | miles of each ELS
Slide 7: Track Record
Track Record '5 Year - Total Return Performance Item IPO Year-1993 2014 Properties a 379 Sites 1232 140,298 States 16 Ey FFO Per Share?) $0.47 $2.68 Normalized FFOPer Share $0.47 $2.68 Common Stock Price $6.44 $3931 Enterprise Value®? $296 million $5.9 billion Dividend Paid Cumulative) $16.47 Cumula
Slide 8: Consistent Same Store NOI Growth and Outperformance
Consistent Same Store NOI Growth and Outperformance Q3 1998-3 2013") Same Store NOI Averages: ELS 37% REITs 24% Apartments 2.69% ELS has maintained positive same store NOI growth in all quarters since at least Q3 ’98
Slide 9: ELS vs. Multifamily
ELS vs. Multifamily Same Store NOI Indexed Growth” ELS compounded Same Store Same Store NOI Indexed Growth NOI growth rates significantly outperformed the REIT Multifamily industry since 1999 FFO Multiples ELS Multifamily 1996-2001") 29x nox 2002-2011 (0) 16.9% 18.2% 2012 14.8% 19.1% ed byte era sae
Slide 10: Capital Structure
Capital Structure As of January 31, 2014 (in millions) + Total enterprise value is $5.9 billion + Debt to enterprise value is 37.1% + $380 million available line of credit Mortgage Debt $1,986.41 33.7% OPU’s $301.4, 5.1% ‘Term Loan $200.0, 3.4% Preferred $136.1, 2.3% Common\ $3,273.9 55.5%
Slide 11: Performance Update
Performance Update + 197 Manufactured Home Communities“ + Core® occupancy of 92% » Core occupancy has grown 17 consecutive quarters through 12/31/2013 »Core community base rental income growth for the month ended 1/31/2014 is 3.3% +177 RV Resorts" »Core resort income growth for the month ended 1/31/
Slide 12: Safe Harbor Statement
Safe Harbor Statement 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 described under the heading “Risk Factors” in our 2012 Annual Report on Form 10-K and our Quarterly
Slide 13: Funds from Operations is a non-GAAP financial measure
‘unds from Operations isa non-GAAP financial measure. We believe FFO, as define 1e Board of Governors of ion Funds from Operations ("FO") GAAP financial We believe FFO, as defined by the Board of G f the National Association of Real Estate Investment Trusts ("NAREIT’), is generally an appropriate me
Slide 14: Equity LifeStyle Properties
Equity LifeStyle Properties Two North Riverside Plaza, Chicago, Illinois 60606 800-247-5279 | www.EquityLifeStyle.com
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