Lifestyle Communities Ltd · ASX:LIC
Lifestyle Communities — Shareholder Meeting (November 2017)
23 slides from Lifestyle Communities's shareholder meeting presentation, Nov 28, 2017
Slide 1: A Business for Purpose - Annual General Meeting
For personal use only A Business for Purpose Annual General Meeting 28th November 2017 LIFESTYLE COMMUNITIES LIMITED - Downsize to a bigger life A BUSINESS MAKING A DIFFERENCE 1
Slide 2: Agenda
AGENDA For personal use only 1. Introduction from Chairman 2. Presentation from Managing Director 3. Formal Business LIFESTYLE COMMUNITIES LIMITED - Downsize to a bigger life A BUSINESS MAKING A DIFFERENCE 1
Slide 3: Section 1: Introduction from Chairman
For personal use only Section 1 Introduction from Chairman Tim Poole 2
Slide 4: Section 2: Presentation from Managing Director
For personal use only Section 2 Presentation from Managing Director James Kelly 3
Slide 5: Our Story
OUR STORY For personal use only James Kelly, Dael 2003 Perlov and Bruce Carter develop business plan Development of first community at Brookfield. 2004 Opened in June 2005 Listed on the 2007 Australian Stock Exchange Major capital 2012 raising of $36m 1,000th homeowner moves in 2014 2,000th homeowne
Slide 6: A Business for Purpose
A BUSINESS FOR PURPOSE For personal use only • An affordable housing option to the 50% of Australians who have less than $500,000 in total equity • An affordable and sustainable financial model where homeowners can prosper • A respectful but engaging service strategy • High quality resort style faci
Slide 7: Financial Model
FINANCIAL MODEL A win-win for homeowners and shareholders For personal use only CREATING COMMUNITIES MANAGING COMMUNITIES Total annuities at year end Dividend flow Cash break even after allocation of costs to management business Completed communities RECYCLING building a long term CAPITAL POOL susta
Slide 8: Overview Financial Summary
OVERVIEW Financial Summary FY2017 ($ Million) FY2016 ($ Million) Net profit after tax attributable to shareholders $27.7 $19.3 Underlying net profit after tax attributable to shareholders $25.0 $16.9 Business snapshot Total assets $266.1 $222.5 For personal use only Equity $155.5 $131.3 Dividends (i
Slide 9: Portfolio Overview
PORTFOLIO OVERVIEW 15 communities in planning, development or under management For personal use only Focus remains in Victoria Community Homes Settled • Favourable planning legislation • Better access to zoned, flat land for Brookfield at Melton 228 100% development Seasons at Tarneit 136 100% • Low
Slide 10: Market Overview
MARKET OVERVIEW Victorian population growth As at 30 June 2016 there were For personal use only over 629,000 Victorians aged over 70 and over 1,345,000 aged between 50 and 69 85+ (127k) 80-84 (119k) War Generation Average age of someone Baby boomer Generation 75-79 (165k) moving into a Lifestyle Com
Slide 11: Segment Differentiation
SEGMENT DIFFERENTIATION Market starting to differentiate between Lifestyle For personal use only Communities and retirement & others Re Se As tire Age moving in Age moving in Age niors Rental sisted Living ment Villag 65+ 75+ d Care Lifestyle e Communities s Age Move-in age getting younger and incre
Slide 12: Sales Rates
SALES RATES For personal use only 200 • Lifestyle Communities’ Sales SALES PROFILE FROM DATE OF FIRST SALE focus has shifted to improve 180 pre-sales. This reduces Chelsea Berwick risk by supporting a more 160 Cranbourne aggressive construction Officer 140 program to enable faster Hastings capital r
Slide 13: Recent Land Acquisitions
RECENT LAND ACQUISITIONS Lifestyle Berwick Waters For personal use only • First homeowners moved in May 2017 • 172 homes sold to 31 October 2017 since project launch in April 2016 Lifestyle Bittern • Commenced construction • 104 pre-sales achieved up until 31 October 2017 • Strong interest from the
Slide 14: Sales and Settlements July - October 2017
SALES AND SETTLEMENTS July - October 2017 For personal use only • On target to achieve on or around New homes Resale homes New home Resale homes 145 -150 new home settlements for - net sales - net sales settlements settlements 1HFY2018 commitments commitments • As previously advised settlements for
Slide 15: Settlement Goals - New Sales
SETTLEMENT GOALS - NEW SALES Settlements growing with increased sales rates and new projects For personal use only FY2017 FY2018 FY2018 FY2019 settlements settlements settlement settlement (actual) YTD range range (Jul-17 to Oct-17) TOTAL 278 102 260-290 300-340 Shepparton 50 12 40-50 35-50 Lyndarum
Slide 16: Summary
SUMMARY Lifestyle Communities continues For personal use only to capitalise on the solid base established for future growth • Emerging baby boomer driving increased customer interest • More than one in two of sales are coming from customer referrals • Settlements in FY2018 expected to be in the rang
Slide 17: Section: Formal Business
For personal use only Section 3 Formal Business 16
Slide 18: Approval of the Remuneration Report
ITEM 3 Approval of the Lifestyle Communities Limited Remuneration Report For personal use only The instructions given to validly appointed proxies in respect of the resolution were as follows: FOR AGAINST ABSTENTION PROXY’S DISCRETION 50,754,803 281,312 17,738 132,406 LIFESTYLE COMMUNITIES LIMITED -
Slide 19: Election of The Honourable Nicola Roxon as a Director
ITEM 4 Election of The Honourable Nicola Roxon as a Director For personal use only The instructions given to validly appointed proxies in respect of the resolution were as follows: FOR AGAINST ABSTENTION PROXY’S DISCRETION 64,592,879 32,196 18 137,192 LIFESTYLE COMMUNITIES LIMITED - Downsize to a bi
Slide 20: Election of Georgina Williams as a Director
ITEM 5 Election of Georgina Williams as a Director For personal use only The instructions given to validly appointed proxies in respect of the resolution were as follows: FOR AGAINST ABSTENTION PROXY’S DISCRETION 64,618,505 6,570 18 137,192 LIFESTYLE COMMUNITIES LIMITED - Downsize to a bigger life A
Slide 21: Re-election of Tim Poole as a Director
ITEM 6 Re-election of Tim Poole as a Director For personal use only The instructions given to validly appointed proxies in respect of the resolution were as follows: FOR AGAINST ABSTENTION PROXY’S DISCRETION 63,569,688 1,056,387 18 136,192 LIFESTYLE COMMUNITIES LIMITED - Downsize to a bigger life A
Slide 22: Important Notice and Disclaimer
• This Presentation contains general • Past performance information given in Important Notice background information about Lifestyle this Presentation is given for illustrative predictable, which could cause actual results to differ materially, in terms of and disclaimer Communities Limited (LIC) an
Slide 23: Lifestyle Communities Limited contact details
For personal use only LIFESTYLE COMMUNITIES LIMITED Level 2, 25 Ross Street South Melbourne VIC 3205 Ph: (03) 9682 2249 www.lifestylecommunities.com.au LIFESTYLE COMMUNITIES LIMITED - Downsize to a bigger life A BUSINESS MAKING A DIFFERENCE 22
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