Lifestyle Communities Ltd · ASX:LIC
Lifestyle Communities — Shareholder Meeting (November 2013)
21 slides from Lifestyle Communities's shareholder meeting presentation, Nov 20, 2013
Slide 1: Annual General Meeting 20 November 2013
For personal use only Annual General Meeting 20 November 2013
Slide 2: Agenda
AGENDA For personal use only 1. Introduction from Chairman 2. Presentation from Managing Director 3. Formal business This document should be read with the Disclaimer at the end of the document Lifestyle Communities Limited Downsize to a Bigger Life 2
Slide 3: Introduction from Chairman - Tim Poole
For personal use only 1. Introduction from Chairman - Tim Poole Lifestyle Communities Limited Downsize to a Bigger Life 3
Slide 4: FY2013 Results
FY2013 RESULTS Lifestyle Communities made very good progress during FY2013 For personal use only Home sites (annuities) under management (1) • Another strong year of settlements (149) and sales (190)(1) 800 –– • 695 occupied home sites(1) 700 –– • Entered into an agreement to expand Lifestyle 600 ––
Slide 5: FY2013 Results: Settlements and Sales
FY2013 RESULTS Settlements and Sales For personal use only 200 –– 150 –– 100 –– • Another strong year of settlements and sales 50 –– - 149 home settlements in FY2013 compared to 134 in FY2012 (1) FY2010 FY2011 FY2012 FY2013 - 190 net sales commitments in FY2013 Settlements Net Sales Commitments comp
Slide 6: FY2013 Results: Profit & Loss highlights
FY2013 RESULTS FY2012 FY2013 % For personal use only Profit & Loss highlights ($’000) ($’000) Movement • Net profit attributable to shareholders up 3% Home settlement revenue 31,660 36,552 15% to $6.2 million Rental and utilities revenue 4,222 5,574 32% • Home settlement revenue up $4.9 million; Def
Slide 7: Strategy
STRATEGY For personal use only • Continue to dominate our niche of affordable housing to the over 55s market • Roll-out a new community every 12-18 months • Maintain a strong balance sheet and liquidity buffer without requiring further equity • Pay dividends from after tax operating cash flow genera
Slide 8: Evolution in Governance
EVOLUTION IN GOVERNANCE For personal use only Board • Jim Craig and Philippa Kelly appointed • David Paranthoiene and Dael Perlov resigned - enormous contribution and great service from both • Majority of independent non-executive directors Executive team • Transition from a ‘partnership’ model to a
Slide 9: Presentation from Managing Director - James Kelly
For personal use only 2. Presentation from Managing Director - James Kelly Lifestyle Communities Limited Downsize to a Bigger Life 9
Slide 10: Market Environment
MARKET ENVIRONMENT For personal use only Housing Market • Strengthening Melbourne housing market has improved consumer confidence and their ability to sell existing homes. Land Access • Focused on acquiring land in the key growth corridors in Melbourne. Demand • Sales for 2013 were 190(1) home sales
Slide 11: Land Acquisition
LAND ACQUISITION For personal use only Since the AGM last year we have secured: 1. Additional land adjoining the Chelsea Heights development which will add 80(1) homes to the pipeline. 2. A new site acquired from AV Jennings in Wollert in the north of Melbourne. This will add an additional 155 homes
Slide 12: Portfolio Update - October 2013
PORTFOLIO UPDATE - 31 OCTOBER 2013 Lifestyle Communities’ portfolio of communities continues to grow For personal use only Home sites Home sites occupied and awaiting Total home Home sites sold & settlement Communities sites in sold & awaiting communities occupied # % settlement Existing Communities
Slide 13: Marketing Activity
MARKETING ACTIVITY A BIGGER The benefits life 9747 6909 DOWNSIZE TO A BIGGER LIFE 111-139 Coburns Rd, Brookfield D OW N S I Z E TO A B I G G E R L I F E of moving to a Lifestyle Communit y For personal use only $185,000 $199,000 $205,000 $225,000 Free up cash the things you’ve wanted to do for years
Slide 14: Outlook FY2014
OUTLOOK FY2014 For personal use only • Market sentiment continues to improve with the uplift in the residential property market. • Communities are mostly meeting or exceeding sales expectations. • We expect new home settlements for the first half to exceed 100(1) homes. • Assuming market conditions
Slide 15: Formal Business
For personal use only 3. Formal Business Lifestyle Communities Limited Downsize to a Bigger Life 15
Slide 16: Resolution 1: Remuneration Report
FORMAL BUSINESS For personal use only Resolution 1: Approval of the Lifestyle Communities Limited Remuneration Report The instructions given to validly appointed proxies in respect of the resolution were as follows: For Against Abstention Proxy’s Discretion 39,966,034 67,363 738,608 1,665,634 Lifest
Slide 17: Resolution 2: Re-election of Mr Bruce Carter
FORMAL BUSINESS For personal use only Resolution 2: Re-election of Mr Bruce Carter, retiring by rotation The instructions given to validly appointed proxies in respect of the resolution were as follows: For Against Abstention Proxy’s Discretion 56,787,999 2,750 1,018 1,664,981 Lifestyle Communities
Slide 18: Resolution 3: Election of Mr Jim Craig
FORMAL BUSINESS For personal use only Resolution 3: Election of Mr Jim Craig The instructions given to validly appointed proxies in respect of the resolution were as follows: For Against Abstention Proxy’s Discretion 56,786,891 4,223 - 1,665,634 Lifestyle Communities Limited Downsize to a Bigger Lif
Slide 19: Resolution 4: Election of Ms Philippa Kelly
FORMAL BUSINESS For personal use only Resolution 4: Election of Ms Philippa Kelly The instructions given to validly appointed proxies in respect of the resolution were as follows: For Against Abstention Proxy’s Discretion 56,786,891 4,223 - 1,665,634 Lifestyle Communities Limited Downsize to a Bigge
Slide 20: Important Notice and Disclaimer
IMPORTANT NOTICE AND DISCLAIMER For personal use only • This Presentation contains general background information about Lifestyle Communities Limited (LIC) and its activities current at 20 November 2013 unless otherwise stated. It is information in a summary form and does not purport to be complete.
Slide 21: Lifestyle Communities Limited contact details
For personal use only Lifestyle Communities Limited Level 2, 35 Market Street South Melbourne VIC 3205 Ph: (03) 9682 2249 www.lifestylecommunities.com.au WO LLER T - HASTI NGS - CHE LSEA HEIGHT S - SH EPPARTON - CRANBO U R NE - WA R R AG U L - TA R NE I T - M E LTO N
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