Equity Lifestyle Properties, Inc. · NYSE:ELS
Equity Lifestyle Properties — Investor Presentation (August 2011)
13 slides from Equity Lifestyle Properties's investor presentation, Aug 31, 2011
Slide 1: Investor Presentation August 31, 2011
Investor Presentation August 31, 2011
Slide 2: Forward-Looking Statements
2 Forward-Looking Statements This presentation includes certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. When used, words such as "anticipate," "expect," "believe," "project," "intend," "may be" and "will be" and similar words or phrase
Slide 3: ELS Overview
ELS Overview One of the nation's largest real estate networks with over 380 properties(1) owned or under contract containing over 140,000 sites in 32 states and British Columbia ELS has a unique business model ELS owns the land Leases individual developed sites to customers Customers own the units t
Slide 4: ELS Key Value Drivers
ELS Key Value Drivers Well Located Real Estate >80 properties with lake, river or ocean frontage (1) >100 properties within 10 miles of coastal United States (1) Property locations are strongly correlated with population migration Long Term Predictable Cash Flows Favorable Customer Demographics Acti
Slide 5: Real Estate
Real Estate Primary investment is land/appreciating component of real estate Lower maintenance costs/customer turnover costs High quality real estate Major metros/high growth areas High barriers to entry Retirement and vacation destinations Asset scarcity 5
Slide 6: ELS LifeStyle and Activities
ELS LifeStyle and Activities 6 Recreation Golf, softball, fishing, tennis, swimming, shuffleboard Arts Concerts, shows, art fairs, crafts Education Seminars, One Day University Volunteerism Consider Others, fund raising
Slide 7: Customer Demographics
Customer Demographics Lifestyle focus Amenities / social activities Communities Attractive housing High quality Low capital commitment Easy maintenance Long Term Multi-Phase Relationship Camping ? RV ? Cottage ? Resort Home Flexible use to multi-use / locations High repeat and referral Long term rel
Slide 8: Management Focus
Management Focus 8 Rental unit activity increase Decline in new home sales Increased capital investment 2011 Acquisition Properties increases exposure to affordable housing Opportunity for occupancy increases in Michigan Financial flexibility
Slide 9: Consistent Same Store NOI Growth and Outperformance
9 Consistent Same Store NOI Growth and Outperformance Notes: Source: Citi Investment Research, August 2011. "REIT Industry" includes an index of REITs across a variety of asset classes, including regional malls, shopping centers, multi family, student housing, manufactured homes, self storage, offic
Slide 10: 2011 Acquisition Overview
10 2011 Acquisition Overview
Slide 11: 2011 Acquisition Overview
2011 Acquisition Overview $1.43 billion acquisition of 76 properties at a 6.7% cap rate(1) (the "Acquisition Portfolio") Closed on 51 MH communities to-date in Q3 2011 $0.51 FFO per fully diluted share accretion for 2011 if we had acquired on January 1, 2011 (2) $1.43 billion purchase price is expec
Slide 12: Significant Overlap in Core Geographies
12 Significant Overlap in Core Geographies
Slide 13: Non GAAP Financial Measures
13 Non GAAP Financial Measures Funds from Operations ("FFO") is a non-GAAP financial measure. The Company believes that FFO, as defined by the Board of Governors of the National Association of Real Estate Investment Trusts ("NAREIT"), is generally an appropriate measure of performance for an equity
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