Ingenia Communities Group · ASX:INA
Ingenia Communities — Shareholder Meeting (November 2017)
25 slides from Ingenia Communities's shareholder meeting presentation, Nov 14, 2017
Slide 1: 2017 Annual General Meeting
14 NOVEMBER 2017 For personal use only Ingenia Lifestyle Latitude One, NSW INGENIA COMMUNITIES GROUP 2017 Annual General Meeting
Slide 2: Meeting outline
For personal use only Meeting outline 2
Slide 3: Chairman’s welcome
For personal use only Chairman’s welcome 3
Slide 4: Ingenia Communities Group Board of Directors
Ingenia Communities Group Board of Directors For personal use only 4
Slide 5: Jim Hazel, Chairman
For personal use only Jim Hazel, Chairman 5
Slide 6: FY17 achievements
FY17 achievements For personal use only Expansion of Lifestyle and Holidays portfolio Lifestyle and holiday communities portfolio growth – twelve assets acquired or contracted Successful capital raising to fund growth Capital initiatives DRP in place Debt facility extended to $300 million De
Slide 7: Solid base for growth established
Solid base for growth established $170 million acquisitions in past 12 months For personal use only Oct 16 Ingenia Holidays Hervey Bay, NSW Oct 16 Ingenia Holidays Avina, NSW Dec 16 Ingenia Lifestyle Latitude One, NSW Jan 17 Ingenia Holidays Blueys Beach, NSW Mar 17 Ingenia Holidays Cairns Coconut,
Slide 8: Simon Owen, CEO
Simon Owen, CEO For personal use only Ingenia Lifestyle Latitude One, NSW 8
Slide 9: Business overview
Business overview Creating Australia’s best lifestyle and holiday communities Ingenia has For personal use only 66 Australian communities & growing Portfolio value now $689 million NT 9 QLD 6 SA WA 36 NSW 10 VIC 5 TAS 9
Slide 10: A five year story
A five year story Delivering growth with significant embedded value EBIT (Continuing Operations) Income Generating Sites For personal use only 35 8,000 30 7,000 32.1 6,000 6,843 25 5,000 20 24.2 5,337 4,000 $m 4,435 15 18.1 3,932 3,000 10 2,000 12.1 5 8.9 1,000 1,750 0 0 FY13 FY14 FY15 FY16 FY17 FY1
Slide 11: Scott Noble, CFO (Acting)
Scott Noble, CFO (Acting) For personal use only 11
Slide 12: Key financials
Key financials Strong operating earnings and cashflow KEY FINANCIAL METRICS FY17 FY16 CHANGE For personal use only Revenue growth, reflecting strong performance from the core Revenue $149.9m $107.1m 40.0% business and contribution from acquisitions EBIT $32.1m $24.2m 32.6% EBIT above guidance - resu
Slide 13: Capital management
Capital management Well positioned to fund development pipeline For personal use only 210 $175m (58%) 180 $125m 150 (42%) 64 120 11 90 59 60 100 30 66 0 Feb-20 Feb-22 1. Pro forma, post acquisition of Ingenia Lifestyle Eight Mile Plains and Ingenia Lifestyle Plantations. Drawn Drawn BG's BG’s Undraw
Slide 14: Ingenia value levers
Ingenia value levers Significant embedded opportunity within the portfolio to create superior value For personal use only 1. Includes some site conversions. 14
Slide 15: Embedded growth
Embedded growth Ingenia Holidays Cairns Coconut offers significant opportunity Acquired March 2017 For personal use only • One of Australia’s leading holiday resorts • Ingoing yield of >8% Strong performance since acquisition • Occupancy up 8% on prior year • Average daily rate up 5% on prior year S
Slide 16: Investing in growth
Investing in growth Acceleration of new home settlements driving earnings growth For personal use only FY17 settled 211 new homes (up 97% on FY16) • Contributing to improved operating margin and yield at key development communities Large metro and coastal projects support future sales and margin gro
Slide 17: Sales update
Sales update For personal use only Note: Includes First Choice Club deposits. 17
Slide 18: Investing in growth: Market leading pipeline secured
Investing in growth Market leading pipeline secured Expect to launch ten new or expansion projects over two years For personal use only Pipeline supplements current ‘in market’ projects 600 550 Latitude One (greenfields) > $500 500 Plantations Avina Forecast Home Sales Price ($'000s) (greenfields) (
Slide 19: Ingenia Lifestyle Latitude One (NSW, Port Stephens)
Ingenia Lifestyle Latitude One (NSW, Port Stephens) First greenfield project on track For personal use only • Greenfield development comprising 229 new homes • Settlement forecast to commence from April 2018 (seeking increase to 270 sites) › 82% of homes released SOLD • Civil infrastructure works on
Slide 20: Ingenia Lifestyle Chambers Pines, Brisbane
Ingenia Lifestyle Chambers Pines, Brisbane For personal use only ● Major expansion (256 homes) underway ● Additional land optioned for 120 new homes ● Will create one of the largest lifestyle communities in SE Queensland 20
Slide 21: Ingenia Lifestyle Bethania, Brisbane
Ingenia Lifestyle Bethania, Brisbane For personal use only ● Adjacent land acquired at $25,500 per site ● DA now in place for additional 188 homes 21
Slide 22: Updated and expanded guidance
Updated and expanded guidance FY18 For personal use only FY18 Previous Comment Growth on FY17 New (Aug 17) Strong contracts and deposits on New home hand but dependent on Q4 260 - 280 260 - 280 >23% settlements settlements at Latitude One, Lake Conjola and The Grange Margin on new home Driven by ris
Slide 23: Outlook: organic growth and capital recycling
Outlook: organic growth and capital recycling For personal use only 23
Slide 24: Thank you
Thank you For personal use only Ingenia Holidays One Mile Beach, NSW 24
Slide 25: Disclaimer
Disclaimer For personal use only This presentation was prepared by Ingenia Communities Holdings Limited (ACN 154 The forward looking statements included in this presentation involve subjective 444 925) and Ingenia Communities RE Limited (ACN 154 464 990) as responsible judgment and analysis and are
Ingenia Communities Group — Shareholder Meeting (November 2017) on 6ix