Ingenia Communities Group · ASX:INA
Ingenia Communities — Morgans Investor Conference 2015
25 slides from Ingenia Communities's conference presentation, Feb 11, 2016
Slide 1: Ingenia provides manufactured home sales and acquisitions update
ASX / Media Release 23 October 2015 Ingenia provides manufactured home sales and acquisitions update Year to date new sales of 49 homes (and 28 settlements) achieved at 21 October, on track to meet target of 120 sales for FY16 Unconditional acquisition of expansion land at Bethania to add furthe
Slide 2: Further information and contacts
Further information on the Group’s recent acquisitions and sales is contained in the attached presentation, to be given at the Morgan’s Investor Conference on the Gold Coast on 23 October. ENDS For further information please contact Simon Owen Donna Byrne Chief Executive Officer Group Investor Relat
Slide 3: Morgan's Investor Conference
IngeniaCOMMUNITIES INGENIA Communities Group GROUP Morgan’s Morgan’sInvestor Conference Queensland Conference 23 October 2015 October 2015 Lakeside Lara, Lara, VIC
Slide 4: Our Business
OUR BUSINESS Ingenia is a leading owner, operator and developer of affordable Retirement, Lifestyle and Leisure Communities p2
Slide 5: Ingenia Communities Group Overview
INGENIA COMMUNITIES GROUP Overview ► ASX Code: INA Diversified earnings base of 63 assets Proforma asset value (post ► Market Cap: $380m Retirement announced acquisitions) Villages ► Leading provider of rental based (DMF) 13% independent living for Australian seniors Seniors Rental ► Established in
Slide 6: Convergence of Ageing Population and Housing Affordability Crisis
CONVERGENCE OF AGEING POPULATION AND HOUSING AFFORDABILITY CRISIS Australia's Over 50's Population Projections 25.0m Australia’s population is rapidly ageing 44% 42% 20.0m • ABS and 2011 Census figures indicate that 77% of single people Portion of Population 40% 15.0m over 65 rely on the pension as
Slide 7: Ingenia Meets This Convergence
INGENIA MEETS THIS CONVERGENCE MARKET DRIVERS OPPORTUNITY INGENIA 1. Australia’s population is rapidly Industry experienced Board ageing – more than 700 people and Management team are estimated to be entering the combined with significant 60+ age bracket every day1 sector roll-up opportunity 2. Ther
Slide 8: Portfolio Overview
PORTFOLIO OVERVIEW Conjola Lakeside, Lake Conjola, NSW p6
Slide 9: Growing Portfolio of Seniors Rental Communities
GROWING PORTFOLIO OF SENIORS RENTAL COMMUNITIES Ingenia has 63 Australian communities and growing 24 LIFESTYLE PARKS • 1,620 permanent sites • 593 annual sites • 1,300 short term sites • 1,637 development sites Largest owner/operator of Growing presence in NSW and SE QLD seniors rental villages in A
Slide 10: Garden Villages
GARDEN VILLAGES 31 seniors rental villages ► Ingenia is the largest owner/operator of seniors rental accommodation in Australia ► Over 1,600 units across Australia ► Affordable rental accommodation with modest facilities coupled with services and activities Significant organic growth opportunities T
Slide 11: Garden Villages (Seniors Rental)
GARDEN VILLAGES (SENIORS RENTAL) Organic growth opportunity ► Existing portfolio of 31 villages (book value: $125.7 million) is core ► Generates over $24 million in rental income annually from stable, recurring cash flows underpinned by Government payments (pension and rent assistance) ► Strong dema
Slide 12: Active Lifestyle Estates (Lifestyle Parks)
ACTIVE LIFESTYLE ESTATES (LIFESTYLE PARKS) Ingenia’s growth focus ► High yielding assets with low risk, capital light development ► Fragmented ownership offering considerable consolidation opportunities ► Delivers quality seniors housing significantly more affordable than other models Conjola Lakesi
Slide 13: Ingenia's Active Lifestyle Estates Portfolio
INGENIA’S ACTIVE LIFESTYLE ESTATES PORTFOLIO Mixed use assets maximise performance • Diversifies and increases cash flow Tourism • Mix of location | product reduces volatility complementary • Seasonal, not cyclical Permanent Residents strong cash flow • Cross-selling opportunities + resident benefit
Slide 14: Acquisition Update
ACQUISITION UPDATE Expansion land at Bethania, QLD 7.1 hectare site acquired for $3.3 million Secures further expansion of Bethania, recently acquired partially developed MHE community p12
Slide 15: Case Study: Lakeside Lara
CASE STUDY: LAKESIDE LARA Acquisition overview Lakeside Lara – to settle 26 October 2015 ► Pure manufactured home community located 60km South West of Melbourne ► First Lifestyle Park acquisition in Victoria - situated within an established Cluster ► ‘Build ready’ partially developed community compr
Slide 16: Case Study: Lakeside Lara
CASE STUDY: LAKESIDE LARA Delivering value: growth in rental returns On completion of the development Lakeside Lara will comprise 233 homes, generating stable rental cashflows ► Current average rent of $140 per week from 56 sold and occupied homes ► With new $3.5 million clubhouse now complete, rent
Slide 17: Case Study: Lakeside Lara
CASE STUDY: LAKESIDE LARA Acquisition analysis Acquisition price - $16.3 million Development Returns End Value $20.0m $18.0m $16.0m $14.0m $12.0m $11.0m $10.0m $13.7m $18.6m $8.0m $6.0m $4.0m $3.4m $2.0m $3.1m $2.0m $0.0m 13 completed 56 occupied 164 DA approved Sale of 13 Development Development Vi
Slide 18: Case Study: BIG4 Soldiers Point
CASE STUDY: BIG4 SOLDIERS POINT Generating returns from mixed use assets BIG4 Soldiers Point – to be settled October 2015 ► Mixed use community comprising tourism and permanent home sites ► Located in a prime tourism location within well established Hunter/Newcastle Cluster ► Licensed for 136 sites
Slide 19: Case Study: BIG4 Soldiers Point
CASE STUDY: BIG4 SOLDIERS POINT Acquisition analysis Acquisition price - $10.5 million End Value $14.0m $12.0m $1.5m $13.1m $10.0m $2.6m $1.5m $8.0m $6.0m $9.0m $9.0m $4.0m $2.0m $0.0m Existing NOI at 9.5% Vacant sites Existing NOI at 9.5% NOI from new NOI from additional End value cap cap cabins at
Slide 20: Active Lifestyle Estates
ACTIVE LIFESTYLE ESTATES Highest and best use drives mix In select iconic coastal parks, tourism generates significantly higher returns than permanent sites Tourist cabin – 72 m2 Permanent site - 135 m2 Average rent $127 p/n Rent from senior $133 p/w @ 68% occupancy = $6,900 per year = $31,500 per y
Slide 21: Development and Sales Update
DEVELOPMENT AND SALES UPDATE Development pipeline now 1,637 potential sites ► Growing development pipeline in key coastal and metro locations ► New projects secured in Queensland and Victoria TOTAL STATE CLASSIFICATION APPROVED DA LODGED FUTURE POTENTIAL DEV. SITES METRO 112 0 142 254 NSW COASTAL 18
Slide 22: Development and Sales Update
DEVELOPMENT AND SALES UPDATE On track to deliver 120 sales FY16 Targeting 120 sales FY16 ► Achieved 49 sales (and 28 settlements) to 21 October 2015 Rolling 12 month sales and settlements 25 FY16 Homes Contracted & Reserved Homes Settled 21 20 20 19 16 At 21 October 15 13 13 11 10 10 10 9 9 9 9 8 6
Slide 23: Outlook
OUTLOOK Strong outlook as Lifestyle Parks rental income and development ramps up ► Lifestyle Parks market competition increasing but Ingenia remains well positioned to lead sector consolidation ► Ageing population driving demand for affordable seniors accommodation ► Continuing earnings growth in to
Slide 24: Contact Information
CONTACT INFORMATION SIMON OWEN CEO & Managing Director Tel: +61 2 8263 0501 Mob: +61 412 389 339 Email: sowen@ingeniacommunities.com.au INGENIA COMMUNITIES GROUP Level 5, 151 Castlereagh Street Sydney NSW 2000 www.ingeniacommunities.com.au p22
Slide 25: Disclaimer
DISCLAIMER This presentation was prepared by Ingenia Communities Holdings The forward looking statements included in this presentation involve Limited (ACN 154 444 925) and Ingenia Communities RE Limited subjective judgment and analysis and are subject to significant (ACN 154 464 990) as responsible
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