Equity Lifestyle Properties, Inc. · NYSE:ELS
Equity Lifestyle Properties — Investor Presentation (September 2017)
14 slides from Equity Lifestyle Properties's investor presentation, Sep 7, 2017
Slide 1: Equity LifeStyle Properties
Exhibit 99.1 Equity LifeStyle Properties
Slide 2: Our Story
Our Story One of the nation’s largest real estate networks with 404 properties containing 149,450 sites in 32 states and British Columbia Unique business model Own the land Low maintenance costs/customer turnover costs Lease developed sites High-quality real estate locations More than 90 properties
Slide 3: Property Locations
Property Locations 4 3 2 WA ME ND MN 4 MT 3 OR VT WI NY WY 4 MI NH ID 4 CA SD 2 2 3 MA NV 3 RI 7 NE IA 5 PA 6 6 6 IN OH UT CO IL 6 NJ 9 2 2 16 WV DE 4 7 KS AZ MO KY VA 11 NM NC 4 TN 6 26 OK AR 6 SC MS TX AL GA LA FL 9 6 18 12 39 16 9 14 10 12 2
Slide 4: Steady, Predictable Revenue Streams
Steady,Predictable Revenue Streams Property/Site composition(1) 205 manufactured/resort home communities 73,000 sites 188 RV resorts 74,000 sites Annuals 27,300 Seasonal 11,600 Transient 11,000 Membership sites 24,100 Property Operating Revenue Buckets(2) Transient 5.8% Seasonal 4.1% Annual Right to
Slide 5: Our Lifestyle Options
Our Lifestyle Options Customers own the units they place on our sites Manufactured homes Resort cottages (park models) Recreational vehicles We offer a lifestyle and a variety of product options to meet our customers’ needs We seek to create long-term relationships with our customers RV Site Manufac
Slide 6: Favorable Customer Demographics
Favorable Customer Demographics The population of people age 55 and older is expected to grow 24% from 2017 to 2032 Roughly 10,000 Baby Boomers will turn 65 every day through 2030 U.S. Population Over Age 55 (in millions) 120 100 80 60 40 20 0 2017 2022 2027 2032 55-59 60-64 65-69 70-74 75+ Note: So
Slide 7: Track Record
Track Record Item IPO Year—1993 2017 Properties 41 404 Sites 12,312 149,450 States 16 32 Net Income Per Share $0.35 $2.19 FFO Per Share (1) $0.47 $3.57 Normalized FFO Per Share (1) $0.47 $3.57 Common Stock Price (2) $6.44 $89.15 Enterprise Value (3) $296 million $10.5 billion Dividend Paid Cumulativ
Slide 8: Consistent Same Store NOI Growth and Outperformance
Consistent Same Store NOI Growth and Outperformance ELS has maintained positive same store NOI growth in all quarters since at least Q3 1998. 3Q 98 1Q 99 3Q 99 1Q 00 3Q 00 1Q 01 3Q 01 1Q 02 3Q 02 1Q 03 3Q 03 1Q 04 3Q 04 1Q 05 3Q 05 1Q 06 3Q 06 1Q 07 3Q 07 1Q 08 3Q 08 1Q 09 3Q 09 1Q 10 3Q 10 1Q 11 3Q
Slide 9: Dividend
Dividend Dividend per Share $ 2.50 2017—$1.95/share(1) 15% increase $2.00 $0.88 g $1.95 9% FFO growth $ 1.50 Historical growth $ 1.00 5 year CAGR (2) ELS 18% $0.50 REIT Average 7%(3) $ 0.00 2012 2013 2014 2015 2016 2017 Tax treatment of dividend(4) ELS REIT average 89% Ordinary Income 68% Ordinary I
Slide 10: Capital Structure
Capital Structure As of August 31, 2017 (in millions) Total enterprise value is $10.5 billion Debt to enterprise value is 19.6% $400 million available line of credit OPU’s $520.2, 4.9% Term Loan $200.0, 1.9% Preferred $136.1, 1.3% (1) Common(2) Mortgage $7,796.3 Debt 74.2% $1,857.8 17.7% Outstanding
Slide 11: Performance Update
Performance Update 199 Manufactured Home Communities(1) Core(2) occupancy of 94% as of 08/31/2017 Core occupancy has grown 31 consecutive quarters through 06/30/2017 Core community base rental income growth for the two months ended 08/31/2017 is 5.0%(3) 187 RV Resorts(1) Core resort base rental inco
Slide 12: Safe Harbor Statement
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: the The heading forward-looking “Risk Factors” statements in our contained 2016 Annual in this Report presentation on Form are 10-K subject and our to certain Quarterly economic Report on risks Form and 10-Q uncertaint
Slide 13: Non-GAAP Financial Measures
Non-GAAP Financial Measures This the paragraphs document contains below. We certain believe non-GAAP investors measures should review used these by management non-GAAP that measures, we believe along are with helpful GAAP in understanding net income and our cash business, flow from as further operat
Slide 14: Equity LifeStyle Properties
Equity LifeStyle Properties Two North Riverside Plaza, Chicago, Illinois 60606 800.247.5279 | EquityLifeStyleProperties.com 9/17
Equity LifeStyle Properties — Investor Presentation (September 2017) on 6ix