St. Joe Company (the) · NYSE:JOE
St. Joe Company (the) — Investor Presentation (May 2019)
12 slides from St. Joe Company (the)'s investor presentation, May 20, 2019
Slide 1: WaterColor Inn & Resort
WaterColor inn & Resort
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTSIf we refer to “we,” “us,” “our,” “St. Joe” or “the Company,” we mean The St. Joe Company and its consolidated subsidiaries. Certain statements contained in this presentation (other than statements of historical fact) are forward-looking statements. Words such as “believe,”
Slide 3: Foundation 2015-2018: Value Creation
Right – Size JOE Enterprise Act Like Responsible Owners Focus on Home Team Advantages Create Growth Plan © 2019, The St. Joe Company 3 Foundation 2015 - 2018 Value Creation
Slide 4: Growth Plan 2019-2021
4 Build Recurring Income Collaborate to Accelerate Make Every Square Foot Count Grow Residential, Commercial, Hospitality © 2019, The St. Joe Company Value Creation Growth Plan 2019 - 2021 4
Slide 5: Walton County Spotlight
© 2019, The St. Joe Company 5TH FASTEST GROWINGCOUNTY IN THE COUNTRY 2017 - 2018 4TH FASTEST GROWING COUNTY IN FLORIDA Walton County Spotlight JOE is a major private land owner in Walton County with 13,500+ ACRES 4.5% 29.7% $2.2 BILLION in single-family home sales Sources: US Census, Metro Market Tr
Slide 6: Bay County Spotlight
© 2019, The St. Joe Company Annual Passengers JOE is a major private land owner in Bay County with 120,900+ ACRES $2 BILLION in real estate transactions (increase of 13.53% from 2017) Bay County Spotlight Sources: Metro Market Trends, Northwest Florida Beaches International Airport, Visit Panama Cit
Slide 7: Broad Natural Demand
RESIDENTIAL HOMESITES AS OF MARCH 31, 2019 JOE HAS 773 Residential homesites under contract to develop, expected to result in revenue of $74.5M over the next several years Not including Latitude Margaritaville Watersound or other new residential communities currently in planning COMMERCIAL LEASING A
Slide 8: Development projects by segment, 2018 and 2019
ResidentialWatersound Origins SouthWood WaterColor Camp Creek* Breakfast Point East* Latitude Margaritaville Watersound*Titus Road*Brannonville* Park Place* Mexico Beach Village**New Residential Community Hospitality Embassy Suites Hotel JV Camp Creek Inn Camp Creek Club Lifestyle Village Hotel at N
Slide 9: Latitude Margaritaville Watersound Progress Report
Progress Report Bay-Walton Sector Plan Entitlements for 145,000+ Units in Bay County (Approved)Off-Site Sanitary Sewer Main Along County Road 388 (Completed)Detailed Specific Area Plan (DSAP) for Latitude (Approved by Bay County in February of 2019 )West Bay Parkway 4-lane road from entrance of Lati
Slide 10: Planned Gross Capital Allocation 2019-2021
Residential $300 Leasing $470 Hospitality $130 Total $900 10 © 2019, The St. Joe Company © 2019, The St. Joe Company Planned Gross Capital Allocation 2019 – 2021 NOTE: The time frame for these expenditures and investments will vary based upon the type of project. The above amounts represent the proj
Slide 11: Unit Milestones 2021
© 2019, The St. Joe Company HOMESITES APARTMENT AND ASSISTED LIVING UNITS HOTEL ROOMS COMMERCIAL SQUARE FEET CLUB MEMBERSHIPS 1,000 PER YEAR 1,300 900 1.5MM 1,400 Under development, under construction or completed. Managed, owned or partially owed with a JV Partner. Unit Milestones 11 2021 NOTE: Sub
Slide 12: Key Takeaway
Key Takeaway 12 © 2019, The St. Joe Company Expect MeasurableMulti – Generational Value Creation Watersound Origins Event GKN at VentureCrossings WaterColor Inn WaterSound Beach Club © 2019, The St. Joe Company Key Takeaway 12