Lendlease Group · ASX:LLC
Lendlease — Investor Presentation (April 2022)
13 slides from Lendlease's investor presentation, Apr 27, 2022
Slide 1: Military Housing Portfolio
Lendlease Military Housing Portfolio April 2022 1 Military Housing Portfolio Carolyn Tregarthen Managing Director US Department of Defense Housing and Lodging Portfolio 27 April 2022
Slide 2: Portfolio
Lendlease Military Housing Portfolio April 2022 2 Portfolio Fort Drum Mountain Community & The Timbers Housing 1,925 homes • More than 40,000 homes 192 Apts − Army: c.26,000 − Airforce: c.6,200 Tierra Campbell Vista Crossing Knox − Navy/Marine Corps: c.7,900 1,525 4,450 Hills Lodging homes homes 2,3
Slide 3: Focused on changing needs
Lendlease 3 Lendlease Military Housing Portfolio April 2022 3 Focused on changing needs (for customers…and partners) 1 2 3 4 5 Improving Strengthening Continuing to Continuous Growing our customer our modernise our improvement as we our experience partnerships housing and hotel strive for operationa
Slide 4: 1. Improving our customer experience
Lendlease Military Lendlease Military Housing Housing Portfolio Portfolio April April 2022 2022 4 1. Improving our customer experience The Challenge • The demographic make-up of our residents has shifted since the first project in 2001 • Millennials (ages 25-40) represent the highest resident compon
Slide 5: 2. Strengthening our relationships
Lendlease Military Housing Portfolio April 2022 5 2. Strengthening our relationships Ongoing development and improvement • We were the first military housing partner to implement the provisions of the FY2020 National Defense Authorization Act • In addition we have made a number of enhancements to li
Slide 6: 3. Modernising our portfolio
Lendlease Military Lendlease Military Housing Housing Portfolio Portfolio April April 2022 2022 6 3. Modernising our portfolio Housing • Innovative portfolio approach allowing surplus cash from individual projects to be reinvested across the entire portfolio − Previously surplus cashflows confined t
Slide 7: Campbell Crossing Renovation Program
Lendlease Military Lendlease Military Housing Housing Portfolio Portfolio April April 2022 2022 7 > Campbell BEFORE AFTER Crossing Renovation Program Currently underway > BEFORE AFTER
Slide 8: 3. Modernising our portfolio: Lodging
Lendlease Military Lendlease Military Housing Housing Portfolio Portfolio April April 2022 2022 8 3. Modernising our portfolio Lodging • Comprehensive program of redevelopment: $1.0b Invested into the portfolio sourced from private market debt $0.8b In debt raised in private markets to fund developm
Slide 9: Branded portfolio $1.8b + Program
Lendlease Military Lendlease Military Housing Housing Portfolio Portfolio April April 2022 2022 9 > 100% Branded portfolio $1.8b + Program $1.01b Spent on construction* > * April 2022
Slide 10: 4. Operational excellence
Lendlease Military Housing Portfolio April 2022 10 4. Operational excellence Process review and simplification • We consistently strive to become more efficient and effective in how we operationally manage the portfolios: 3 3 3 3 3 Implementation of Identified opportunities Creation of a virtual Use
Slide 11: Sustainability
Lendlease Military Lendlease Military Housing Housing Portfolio Portfolio April April 2022 2022 11 Sustainability Initiatives align with Group sustainability targets • Various initiatives across current portfolio and development plans: Current portfolio initiatives: • Modernise and improve energy an
Slide 12: 5. Lodging portfolio growth opportunities
Lendlease Military Housing Portfolio April 2022 12 5. Lodging portfolio growth opportunities The potential • Air Force and Navy/Marine Corps hotel privatisation opportunity is more than double the size of the current Privatised Army Lodging (PAL) portfolio Air Force Navy/Marine Corps 21,300 rooms 22
Slide 13: Portfolio metrics and recent transaction
Lendlease Military Housing Portfolio April 2022 13 Portfolio metrics and recent transaction Portfolio Equity investor in asset management • $13b across more than 50 sites: • Acquisition details: − c.40,000 homes − 28% interest of asset management income stream for c.$170m − c.12,300 hotel rooms − Mu