Avalonbay Communities, Inc. · NYSE:AVB
Avalonbay Communities — Investor Presentation (June 2002)
29 slides from Avalonbay Communities's investor presentation, Jun 19, 2002
Slide 1: Annual Growth in Number of Rental Households by Age Group
Annual Growth in Number of Rental Households by Age Group | Echo- | Empty Nesters Boomers 46-55 56-65 @ 3 2 S 2 3 3 = 1990-2000 @ Projected 2000-2010 ‘Age Segment
Slide 2: Payout Ratio
f200, “A Payout Ratio a $200 $100 $050 s0.00+
Slide 3: Slide 3
Slide 4: 150
150 140 130 120 110 100 90 80 70 60 50 40
Slide 5: Projected
Projected 0.0% 4 0.5% 1.0% QW Q Qs QalQr Q2 Qa as 2000 2001 —< AVB Markets —vUS Qa @ Q@3 a4fai 2002
Slide 6: Projected
3.0% Sie <S Projected UVa 1999 QI Q2 Q3 Q4 2000 Ql Q2 Q3 QF 2001 QI @ Q3 Qt 2002 a S AVB Markets —us
Slide 7: 8000 7000 6000 5000, 4000 3000 2000 1000,
8000 7000 6000 5000, 4000 3000 2000 1000, 0
Slide 8: Projected
Projected 1999 2000 =< AVB Markets 2001 2002E Metro A oe 2003E
Slide 9: Projected
Projected 1999 2000 2001 2003E
Slide 10: Projected
Projected \ >< AVB Markets (REIS) —— US Metro Aver: 4Q | 2002 2002
Slide 11: Projected
Projected 2000 —=AVB Markets (REIS) 2001 US Metro Average 4Q 20025 2002
Slide 12: Sep-01
3.0 Sep-01
Slide 13: Z
Z
Slide 14: Mar-0!
5 Mar-0!
Slide 15: Employment growth (Economy.com)
Source: Economy.com (non-farm, non-construction employment)
Slide 16: New Supply as % of Total Apartment Inventory
Defined as New Supply as % Total Apartment Inventory Source: Reis Reports/AVB
Slide 17: Demand/Supply Ratio
Source: REIS, Economy.com, AVB D/S= (Household Growth/Employ. Growth) x Employ. ) / New Supply
Slide 18: Housing affordability
Source: NAHB. Based on % of households that can afford median sales price.
Slide 19: owsog,
owsog, fac weg sopiuy soy PRPES Da worsuryse s80Q {N ene PERF purjst S007] ROWRPE {x woyuon syodouuyy YOK MON oostouesy Urs 10% 6.0% 5.0% 40% 3.0% 20% 10% 0.0%
Slide 20: Where we want to be in the Future
Where we want to be in the Future
Slide 21: Slide 21
Slide 22: Pay More — Higher Rents
+ Pay More — Higher Rents + Reduced Price Sensitivity REFERRALS + Significant “Word of Mouth” + Happy customers tell 5 people REDUCED COST TO SERVICE + Report Fewer Problems + Fewer Contacts per Problem
Slide 23: Regulatory, Customer Needs, Competitive Environment, Economics
Regulatory Environment Customer Needs \ Competitive Environment Economics
Slide 24: Management team
Bryce Blair Chairman, CEO & President 17 years Tim Naughton ‘Tom Sargeant Charlene Rothkopf Ted Schulman coo EVP and CFO SVP, Human Resources VP, General Counsel 1B years 16 years 2 Ya years 3 Ye years ‘Sam Fuller Dirk Herrman: Lili Dunn Leo Horey ¥P, Development/Constucion VP, Marketing AVP, Invest
Slide 25: Same-store revenue trends
20% 13% 10% 05% 0.0%. 05% 10% 15% Projected Accelerating SSS Revenue We Total AVE Markets Decebrating SSS Losses, Dewtkratng SSS Growth, PRIA UT TR. Turing Negative in Aug 01 83 Ss3en8 8 t oe 8 tee et eaae et Bg g fo 9 og ggg eg eye e og eg
Slide 26: Same Store occupancy
98.0% 96.0% 94.0% 92.0% 90.0% ul o1 ogo1 san 2 apron wuice Apr 01 tn of Same Store
Slide 27: All AVB Markets
All AVB Markets SLSESS SELPESSPEPESS SERS SSP SHS SE [Ail Ave Ma
Slide 28: Rent per Home
Rent per Home $1,600
Slide 29: RNa
er gt Co RNa we ry at at @ ee ¥ oF = ee ee e S SS ee e LS SS e &
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