Ingenia Communities Group · ASX:INA
Ingenia Communities — Finance News Network Investor Event (April 2019)
20 slides from Ingenia Communities's conference presentation, Apr 10, 2019
Slide 1: Finance News Network Investor Event
Presented by Scott Noble, CFO 10 APRIL 2019 For personal use only INGENIA COMMUNITIES GROUP Finance News Network Investor Event
Slide 2: Business overview
Business overview Ingenia owns 61 For personal use only Australian communities Portfolio value over $800 Over 7,600 Income producing sites million Stable rent base >$2 million/pw Creating Australia’s Best Lifestyle and Holiday Communities Over 4,700 rental and lifestyle residents Close to 4,000 deve
Slide 3: Focus on annuity style rental streams
Focus on annuity style rental streams Ingenia operates across four rental segments For personal use only Short-term / Annual Lease Lease type Residential lease Residential site agreement Residential lease Ave. stay 4 nights Tenure Ave. 3 years Perpetual Ave. 2.8 years (cabins and sites) Cabin ~$17,0
Slide 4: Rent cash flows supplemented by development returns
Rent cash flows supplemented by development returns creating new lifestyle communities Sector leading development pipeline For personal use only • Close to 4,000 new home sites secured Partnership with US$10 billion Sun Communities accelerates opportunity • Enhances Ingenia’s capacity to grow develo
Slide 5: Underlying demand drivers for affordable seniors accommodation
Underlying demand drivers for affordable seniors accommodation many seniors will struggle to fund a comfortable retirement For personal use only Median House Price ($) Home Ownership (Age) Limited Savings or Superannuation Pension Source: 6416.0 Residential Property Price Indexes: Eight Capital Citi
Slide 6: Lifestyle communities provide an affordable alternative
Lifestyle communities provide an affordable alternative No entry or exit fees Resident owns the above For personal use only • ground structure and retains any capital gain • Resident pays a weekly ground lease rent to reside on the home site • Upon departure, resident can on-sell the home or remove
Slide 7: Communities provide services and facilities
Communities provide services and facilities For personal use only 7
Slide 8: Quality, modern homes
Quality, modern homes For personal use only 8
Slide 9: Recent performance
Recent performance 1H19 results build on strong FY18 growth For personal use only FINANCIAL STRATEGY OPERATIONS DEVELOPMENT • EBIT $22.9 million – • Non-core asset sales • Lifestyle and • Sector leading up 19% on 1H18 continuing - $23 Holidays rental development million under contract revenue contin
Slide 10: Delivering future growth
Delivering future growth For personal use only Ingenia Lifestyle Latitude One, NSW March 2019 10
Slide 11: Maximising performance from current rental base
Maximising performance from current rental base Portfolio enhanced as new communities For personal use only acquired and development continues to accelerate • Embedded growth through rent escalations • Leveraging tourism database – now 220,000 and growing • Addition of new ‘infill’ homes and tourism
Slide 12: Growing rental base through acquisitions
Growing rental base through acquisitions Recent acquisitions expand For personal use only rental base • Rivershore Resort, Maroochydore (95 tourist sites) • Brisbane North Rental Village (383 homes) • Land adjacent to Ingenia Lifestyle Lara – contract exchanged 12
Slide 13: Growing rental base through acquisitions
Growing rental base through acquisitions Acquisition of Byron For personal use only Holiday Park April 2019 • 269-site mixed use leasehold park • Ingoing yield of over 10% • Extends presence of the Holidays brand on the East Coast
Slide 14: Sector leading development pipeline in place
Sector leading development pipeline in place supporting sustainable future growth • First Joint Venture projects identified 750 Approved Not Approved Development For personal use only Far North Coast NSW (JV) >200 sites (new, optioned) 650 <200 sites Newcastle NSW (JV) (new, secured) Greenfield/JV >
Slide 15: Joint Venture to accelerate development
Joint Venture to accelerate development first projects identified Strategic partnership with Sun Communities For personal use only established November 2018 • Placement to Sun (9.99% of issued capital) • Provides access to Sun’s significant experience in the mature North American market 50:50 develo
Slide 16: Greenfield projects building sales
Greenfield projects building sales Latitude One sets a new benchmark For personal use only Marketing Excellence 16
Slide 17: New projects underway
New projects underway Construction well advanced at Ingenia Lifestyle For personal use only Plantations, Coffs Harbour, NSW • Initial civil works and infrastructure in place • Anticipate first settlements to commence from May 2019 Hervey Bay community commenced • Greenfield 250 home community at Her
Slide 18: FY19 focus
FY19 focus • Sales and marketing to deliver FY19 For personal use only settlements • Execute Joint Venture business plan • Integrate recent acquisitions and accelerate rollout of new rental and tourism cabins • Capitalise on opportunities to expand development pipeline • Secure approvals on existing
Slide 19: Contact information
Contact information For personal use only Scott Noble Donna Byrne Chief Financial Officer Group Investor Relations Manager Tel: +61 2 8263 0538 Tel: +61 2 8263 0507 snoble@ingeniacommunities.com.au dbyrne@ingeniacommunities.com.au Ingenia Communities Group Level 9, 115 Pitt Street Sydney NSW 2000 ww
Slide 20: Disclaimer
Disclaimer This presentation was prepared by Ingenia Communities Holdings Limited (ACN 154 444 925) The forward looking statements included in this presentation involve subjective judgment and For personal use only and Ingenia Communities RE Limited (ACN 154 464 990) as responsible entity for Ingeni
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