Lifestyle Communities Ltd · ASX:LIC
Lifestyle Communities — Goldman Sachs Emerging Leaders Conference 2023
20 slides from Lifestyle Communities's conference presentation, Apr 5, 2023
Slide 1: Goldman Sachs Emerging Leaders Conference
Goldman Sachs Emerging Leaders Conference Mount Duneed Project Deep Dive 5 April, 2023
Slide 2: Overview of the Lifestyle Communities model
SECTION 1 Overview of the Lifestyle Communities model Lifestyle Communities— Mt Duneed Project deep dive — April 2023 1
Slide 3: Our story
Our story Overview of the Lifestyle Communities model and purpose We’re champions for facilitating a We build communities because our homeowners have But, most of all, we champion bigger, more enhanced worked hard for what they have, and they deserve lives for our homeowners because we know that big
Slide 4: Model of living
Model of living Overview of the Lifestyle Communities model How does the Lifestyle Communities’ model of living work? Homeowners at Lifestyle Communities own their own home and lease the land upon which their homes are located, via a weekly site fee and a deferred management fee. Homes typically pri
Slide 5: Macro themes providing resilience through the cycle
Macro themes providing Overview of the Lifestyle Communities model resilience through the cycle Baby Boomers and First Home Buyers driven to action regardless of the cycle Lifestyle Communities provides a credible option even in falling market • Downsizing releases equity to improve living Ageing Po
Slide 6: Growing recurring revenue stream
Growing recurring Overview of the Lifestyle Communities model revenue stream Lifestyle Communities’ business has two core elements 1. Creating communities 2. Managing communities A mix of equity and debt capital is used to develop greenfield Completed communities generate recurring revenue streams w
Slide 7: Dividend policy
Dividend policy Overview of the Lifestyle Communities model Full year dividend growth over time As a general principle, Lifestyle Communities intends to pay dividends out of post-tax operating cashflow generated from community management including: • Operating cash flow generated from community mana
Slide 8: Mount Duneed Project deep dive
Library time at Lifestyle Mt Duneed SECTION 2 Mount Duneed Project deep dive Lifestyle Communities— Mt Duneed Project deep dive — April 2023 7
Slide 9: Site summary
Site summary Mount Duneed Project deep dive • Mt Duneed (Armstrong Creek) is the primary growth corridor of Geelong • Lifestyle Mount Duneed is located: – 3km from HomeCo Armstrong Creek Town Shopping Centre – 3km from Waurn Ponds Shopping Centre – 2km from Waurn Ponds Train Station which has multip
Slide 10: Mt Duneed amenities
Mt Duneed Mount Duneed Project deep dive amenities Mount Duneed homeowners have access to: • Multi-million dollar architecturally designed Clubhouse which includes: – Heated indoor pool and spa with pool deck lounge and change rooms – Modern gym – Fully serviced library and business centre – Multi-p
Slide 11: Sales and median house prices
Sales and median Mount Duneed Project deep dive house prices Sales prices as % median over time • Starting house price was 77% of the median • Lifestyle seeks to recover its development costs through house sales • Over time, the median house price growth for the catchment exceeded our cost increases
Slide 12: Sales and settlements profile
Sales and Mount Duneed Project deep dive settlements profile Sales, settlements and key project milestones over time Lifestyle Communities— Mt Duneed Project deep dive — April 2023 11
Slide 13: Mount Duneed cash flow profile
Mount Duneed Mount Duneed Project deep dive cash flow profile All development costs have been recovered through sale of homes. Cumulative cash flows Actuals Forecast Lifestyle Communities— Mt Duneed Project deep dive — April 2023 12
Slide 14: Development cash flows
Development cash flows Mount Duneed Project deep dive Our new home pricing strategy is to recover our development costs, including land. We seek to price as low as possible, sell quickly, and reduce property cycle risk. Development phase Feb 2018 Feb 2019 Feb 2020 Feb 2021 Feb 2022 Feb 2023 ($000) Y
Slide 15: Project Profit & Loss
Project Profit & Loss Mount Duneed Project deep dive Development phase Feb 2018 Feb 2019 Feb 2020 Feb 2021 Feb 2022 Feb 2023 ($000) Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Total Per home Settlements 16 73 57 45 Home sales (incl. GST) – – 6,787 31,593 27,126 23,760 89,265 467 Home sales (excl. GST)
Slide 16: Balance sheet extract
Balance sheet extract Mount Duneed Project deep dive Development phase Feb 2018 Feb 2019 Feb 2020 Feb 2021 Feb 2022 Feb 2023 ($000) Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Undeveloped land 1,000 11,139 10,206 5,949 2,624 – Work in progress/inventory1 39 2,468 17,427 24,150 14,215 – Underlying fair
Slide 17: Completed community snapshot
Completed Mount Duneed Project deep dive community snapshot Occupied homes mix Gender split 191 TOTAL HOMES 262 TOTAL HOMEOWNERS y e ars MOVING IN 71.3 AVERAGE AGE y e ars AVERAGE AGE 73.2 CURRENT Examples of recent home resales Original Original Home design Bedrooms purchase date purchase price Sal
Slide 18: Mount Duneed homeowners have access to Club Lifestyle at no extra charge
Mount Duneed homeowners have access Mount Duneed Project deep dive to Club Lifestyle at no extra charge 1 Club Lifestyle unlocks a world of exclusive benefits, adventures and unique experiences that only come with being a homeowner at Lifestyle Communities. We’re helping our homeowners to live ‘Even
Slide 19: Important notice and disclaimer
Important notice and disclaimer This Presentation contains general background information about Lifestyle Communities Limited (LIC) and its activities current at 5 April 2023 unless otherwise stated. It is information in a summary form and does not purport to be complete. It should be read in conjun
Slide 20: Lifestyle Communities contact details
Level 5, 101 Moray Street South Melbourne VIC 3205 1300 50-55-60 lifestylecommunities.com.au
Lifestyle Communities — Goldman Sachs Emerging Leaders Conference 2023 on 6ix