Ingenia Communities Group · ASX:INA
Ingenia Communities — Shareholder Meeting (November 2022)
24 slides from Ingenia Communities's shareholder meeting presentation, Nov 17, 2022
Slide 1: Annual General Meeting of Ingenia Communities Group
ASX / MEDIA RELEASE 17 November 2022 For personal use only Annual General Meeting of Ingenia Communities Group Enclosed is the presentation in relation to today’s Annual General Meeting (AGM) of Ingenia Communities Group. Authorised for lodgement by the Company Secretary. ENDS For further informatio
Slide 2: Cover to be updated
For personal use only COVER TO BE UPDATED
Slide 3: Acknowledgement of Country
Acknowledgement of Country For personal use only 2
Slide 4: Chairman's address
Chairman’s address For personal use only Ingenia Holidays White Albatross, NSW 3
Slide 5: Welcome and introduction
Welcome and introduction Ingenia celebrated 10 years since internalising management in June 2012 For personal use only Ingenia Gardens First land lease community First holiday park First greenfield development Portfolio of 26 communities 2013 2013 2018 on internalisation 2012 4
Slide 6: FY22 result
FY22 result Guidance delivered in a year of heightened portfolio growth For personal use only ◊ Result underpinned by • Stable rent base • Improving Holiday Parks performance • Acquisitions and new home completions ◊ Distribution per security up 5% to 11.0 cents • Impacted by additional securities o
Slide 7: Sustainability
Sustainability Focus aligned to strategy, vision and values For personal use only 67% Charitable Giving Social Women in the Workplace Industry Leading Positively impacting #1 for gender diversity amongst Parental Leave Policy our communities property companies1 FY22 SELECT INITIATIVES Environment Fi
Slide 8: Sustainability: Contributing to Net Zero
Sustainability For personal use only Contributing to Net Zero transportable cabin prototype through collaboration with Prefabulous Committed to delivering Australia’s first Green Star Homes community 7
Slide 9: Portfolio enhanced
Portfolio enhanced ◊ $650 million acquisitions FY22 For personal use only • Enhanced market reach and scale • Increased exposure to core lifestyle business ◊ Recent acquisitions and development pipeline support future returns ◊ Ongoing portfolio review to support funding needs and improve portfolio
Slide 10: Focus on the future
Focus on the future Forecasting growth for FY23 For personal use only ◊ Fundamental demand drivers remain strong - ageing population and ◊ Guidance reflects current operating conditions and diverse business domestic travel • Strong demand for our communities and holiday parks ◊ FY23 result anticipat
Slide 11: CEO address
CEO address For personal use only Ingenia Holidays One Mile Beach, NSW 10
Slide 12: Business overview
For personal use only Business overview 11
Slide 13: FY22 results: financial summary
FY22 results: financial summary PERFORMANCE For personal use only REVENUE STATUTORY PROFIT UNDERLYING EPS OPERATING CASH FLOW DPS LVR $338.1m $100.6m 23.3¢ $114.9m 11.0 cps 25.7% + 14% on FY21 + 38% on FY21 (1%) on FY21 (17%) on FY21 + 5% on FY21 + 3.5% on June 2021 INVESTMENT PROPERTY* NAV $2.1b $3
Slide 14: Residential communities
Residential communities Resilient rents and high occupancy For personal use only ◊ Over FY22, rental sites across Ingenia Lifestyle, Ingenia Lifestyle Rental Ingenia Gardens Total Rental and Ingenia Gardens increased by 41% Land lease Affordable rental communities communities Seniors ◊ Cashflows sup
Slide 15: Ingenia Gardens and Ingenia Rental
Ingenia Gardens and Ingenia Rental Meeting increasing need for affordable rental accommodation The need for affordable rentals is significant and growing Ingenia Rental occupancy currently 99% with strong demand For personal use only ◊ Approximately 31% of Australia households rent their home (2019-
Slide 16: Ingenia Lifestyle
Ingenia Lifestyle Expanded portfolio with embedded growth For personal use only Since entering the sector in 2013 Ingenia has built a Diverse price points and affordable weekly rents Development provides pathway to additional leading portfolio combined with attractive lifestyle opportunity scale ◊ A
Slide 17: Development
Development Aligned to regions benefitting from population growth and net migration Significant move to regional/coastal markets and QLD driving acquisition strategy For personal use only Strong demand from downsizers, supported by affordable price points and migration patterns Development Pipeline
Slide 18: Market conditions remain challenging
Market conditions remain challenging Labour availability and weather key to home completions Consistent availability of trades and extended construction For personal use only timetables remain key constraint ♢ Weather events have exacerbated the impact on construction programs, particularly in Victo
Slide 19: Ingenia Lifestyle Hervey Bay, Urangan QLD
Ingenia Lifestyle Hervey Bay, Urangan QLD URANGAN, QLD For personal use only CURRENT DAYS ON MARKET MEDIAN SALE PRICE 17 $548K + 55% last 3 years 185 completed homes 269 Source CoreLogic, November 2022. development sites 18
Slide 20: Ingenia Holidays
Ingenia Holidays Over FY22, income producing sites across Ingenia Holidays increased by 36% For personal use only FY22 result reflected strong demand post operating restrictions 1H22 Continued strong performance into FY23 – higher than forecast rate and occupancy supporting outperformance 1. 2H22 co
Slide 21: Capital management
Capital management Balance sheet remains well positioned For personal use only ♢ Pro forma June 22 LVR of 26.6%, post announced transactions ♢ Current hedging 50% of drawn debt Asset recycling aligned to enhancement of portfolio quality and focus on sustainable communities ♢ Divestment of $16 millio
Slide 22: Sustainability – focus aligned to strategy, vision and values
Sustainability – focus aligned to strategy, vision and values Commitment to continuing sector leadership For personal use only Environment Social Governance ◊ Continuing Solar and LED programs ◊ Ranked #1 for women in executive leadership roles ◊ Human rights assessment to inform further ◊ Sustainab
Slide 23: Outlook
Outlook Portfolio growth has enhanced the exposure to seniors housing and domestic travel – both performing well FY23 to date For personal use only ♢ Operational sites increased by 30% to 15,600 sites and development pipeline expanded to 6,580 home sites Core businesses resilient, assisted by divers
Slide 24: Disclaimer
Disclaimer For personal use only This presentation was prepared by Ingenia Communities Holdings Limited (ACN 154 444 925) The forward looking statements included in this presentation involve subjective judgment and and Ingenia Communities RE Limited (ACN 154 464 990) as responsible entity for Ingeni
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