Ingenia Communities Group · ASX:INA
Ingenia Communities — Shareholder Meeting (November 2024)
30 slides from Ingenia Communities's shareholder meeting presentation, Nov 14, 2024
Slide 1: 2024 Annual General Meeting of Ingenia Communities Group
ASX / MEDIA RELEASE 14 November 2024 2024 Annual General Meeting of Ingenia Communities Group Enclosed are the speeches and presentation in relation to today’s Annual General Meeting (AGM) of Ingenia Communities Group by: • Mr Jim Hazel, Chairman of today’s meeting; and For personal use only • Mr Jo
Slide 2: Chairman Address
ASX / MEDIA RELEASE Chairman Address Good morning everyone. On behalf of the Board and management I would like to welcome you to Ingenia Communities Group’s Annual General meeting. Before I ask CEO, John Carfi, to give his update and we move to the formal business of the meeting I would like to refl
Slide 3: Chairman Address: board changes
ASX / MEDIA RELEASE Directors Amanda Heyworth and Greg Hayes stepped down during the year and Sally Evans will retire at the conclusion of today’s meeting. The Board would like to thank Amanda, Sally and Greg for their significant contributions and commitment over a period of material expansion and
Slide 4: Chairman Address closing
ASX / MEDIA RELEASE In closing, I would like to thank all those who have contributed to Ingenia’s journey during my time as Chairman, in particular the Board members who have served Ingenia, leaving the business well placed to execute on a bright future. On behalf of the Board, I would also like to
Slide 5: CEO Address
ASX / MEDIA RELEASE CEO Address Good morning, everyone. I would like to join Jim in welcoming you to the Ingenia Communities Group Annual General Meeting. It is a pleasure to be presenting today as CEO of the Group. This morning, I would like to give an overview of the FY24 results, what has been ha
Slide 6: Pathway to improved returns
ASX / MEDIA RELEASE Pathway to improved returns While my first priority was delivering the FY24 result, we have also been refocussing the business and driving returns, particularly from development. The Group has a $2.5 billion real estate portfolio which it owns or manages across 102 individual pro
Slide 7: Occupancy and segment tailwinds
ASX / MEDIA RELEASE At the end of October our Gardens communities had average occupancy of 97%. We continue to attract residents to this portfolio which offers services including meals and access to our value-added programs, Activate and Ingenia Connect. The All-Age rental portfolio is experiencing
Slide 8: Outlook
ASX / MEDIA RELEASE Outlook Finally, I would like to talk about the outlook. I am excited about the opportunity ahead of Ingenia and am pleased with our progress to date – while there is more to do, we are seeing benefits from the changes already made. We have exposure to sectors with ongoing demand
Slide 9: Ingenia Communities 2024 AGM
For personal use only INGENIA COMMUNITIES 2024 AGM Image: Artist impression of clubhouse & pool at Sanctuary Qld
Slide 10: Acknowledgement of country
Acknowledgement For personal use only of country As an owner, operator and creator of real estate across Australia, Ingenia Communities acknowledges the traditional custodians of the lands on which we operate We recognise their ongoing connection to land, waters and community, and pay our respects t
Slide 11: Chairman's address
Chairman’s address For personal use only Image: Ingenia Lifestyle, Chambers Pines, QLD PAGE 3
Slide 12: FY24 Result
FY24 Result Increased development activity and operating asset performance EBIT Underlying DPS Home settlements For personal use only up 17.0% EPS up 2.7% up 24% $125.7m 23.3 cents 11.3 cents 4621 1: Includes Joint Venture and managed funds. PAGE 4 Image: Ingenia Lifestyle, Freshwater, QLD
Slide 13: New CEO in place
New CEO in place For personal use only John Carfi commenced April 2024 • Extensive real estate and development expertise • Appointed Managing Director August 2024 Focus on value realisation via development and execution • Restructured cost base and executive • Identified priorities and pathway Image
Slide 14: Board renewal
Board renewal For personal use only Image: Ingenia Lifestyle Natures Edge, QLD PAGE 6
Slide 15: Retiring Directors
Retiring Directors For personal use only Jim Hazel Amanda Hayworth Greg Hayes Sally Evans Retiring November 2024 Retired June 2024 Retired July 2024 Retiring November 2024 Board member since Board member since Board member since Board member since March 2012 April 2012 September 2020 December 2020 O
Slide 16: Sustainability
Sustainability Aligned to strategy, vision and values For personal use only FY24 SELECT INITIATIVES Sustainable Design Environment Progressed construction at Fullerton Cove NSW, Bargara QLD, Guidelines to support creation of sustainable communities and Beveridge VIC, aiming for Green Star – Communit
Slide 17: A solid foundation
A solid foundation For personal use only Land Lease1 Rental Holidays1 35 Lifestyle 29 Gardens & Rental 38 Holiday Parks 5,300 pipeline Seniors and all age residents Diverse accommodation revenue streams Ingenia Lifestyle: Lakeside Lara, VIC Ingenia Rental: Brisbane North QLD Ingenia Holidays: Torqua
Slide 18: CEO's address
CEO’s address For personal use only Image: Ingenia Lifestyle Chambers Pines, QLD PAGE 10
Slide 19: FY24 Result exceeded guidance
FY24 Result exceeded guidance REVENUE UP 20% UNDERLYING PROFIT UP 14% EBIT UP 17% UNDERLYING EPS $472.3m $94.8m 23.3 cents For personal use only $125.7m (Guidance 10-15%) (Guidance 20.8 to NTA UP 5% HOME SETTLEMENTS UP 24% 22.3 cents) $3.69 4621 1: Includes Joint Venture and managed funds Image: Ing
Slide 20: Segment results
Segment results FY24 EBIT1 Lifestyle Lifestyle For personal use only Rental Development Gardens Holidays 13.8% 40% 12.8% 4.6% $45.3M $59.2m $11.6m $56.9m • CPI linked rental increases, • Increased average sales price • Impacted by divestment of 6 WA • Increased rate and occupancy market rent reviews
Slide 21: Business overview
Business overview1 INVESTMENT COMMUNITIES AND OPERATIONS ‘ROOM NIGHTS’ DEVELOPMENT2 PROPERTY SITES 15,930 ~1.8m 5,311 $2.5b 102 For personal use only Income generating Per annum Pipeline new land Owned/managed homes, villas, cabins lease home sites and sites 1. Includes assets owned by Ingenia, Join
Slide 22: Strong foundation for delivery of enhanced performance through growth
Strong foundation for delivery of enhanced performance through growth Transition from an aggregator of land and assets to operationally efficient developer and operator For personal use only ✓ Leading land lease portfolio, extensive land bank with location and price diversity Large, diverse asset ba
Slide 23: Our focus to drive performance
Our focus to drive performance Strategic levers for growth For personal use only BUILD CAPACITY IN SIMPLIFY BUSINESS DEVELOPMENT GROWTH ENGINE DRIVE OPERATIONAL EFFICIENCY • Deliver pipeline of current projects, • Reduce cost base and refine • Streamline executive and business organisational structu
Slide 24: Year to date performance
Year to date performance On track to deliver FY25 guidance For personal use only • Operating assets delivering stable, recurring income supported by ongoing demand • Ongoing demand supporting high occupancy in residential assets • Ingenia Gardens occupancy 97% at end October • Ingenia Rental occupan
Slide 25: Lifestyle Development
Lifestyle Development Accelerating activity For personal use only Exposure to diverse markets and price points • 13 projects in market • 183 homes settled to 31 October • 153 homes Ingenia (average price $63 4k) • 30 homes Joint Venture • 466 deposits and contracts on hand Image: Ingenia Lifestyle,
Slide 26: Progress at Archer's Run
Progress at Archer’s Run Sales Experience Centre opened November 2024 For personal use only Ingenia Lifestyle; Archer’s Run, NSW PAGE 18
Slide 27: Creating sustainable communities
Creating sustainable communities For personal use only Focus on sustainable long-term investments • Four projects across three states underway and registered for a Green Star – Communities rating • Commenced Australia’s first all Green Star Homes community • Green Star Designed assessment for nine h
Slide 28: Outlook
Outlook For personal use only Ingenia Holidays; Inverloch VIC, Safari Tent PAGE 20
Slide 29: Thank you
Thank you For personal use only Image: Ingenia Holidays, One Mile Beach, NSW PAGE 21
Slide 30: Disclaimer
Disclaimer This presentation was prepared by Ingenia Communities Holdings Limited (ACN 154 444 925) and analysis and are subject to significant uncertainties, risks and contingencies, many of which are Ingenia Communities RE Limited (ACN 154 464 990) as responsible entity for Ingenia Communities out
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