Equity Lifestyle Properties, Inc. · NYSE:ELS
Equity Lifestyle Properties — Investor Presentation (June 2015)
14 slides from Equity Lifestyle Properties's investor presentation, Jun 8, 2015
Slide 1: Equity LifeStyle Properties
Exhibit 99.1 Equity LifeStyle Properties
Slide 2: Our Business
Ourbusiness One costs High-quality population Stable, 1In Story ofuLease the predictable nation’s migration for developed real more estate financial largest than uProperty locations sites 40 real performance years estate locations uMore networks than in andretirement 80 fundamentals with properties
Slide 3: Property Locations
Property WA MN WI WY 7NV RI 9IN 4KS AZ 11 TN TX MS 6FL 28114 076SC 3NM MT 7NE 26 4OH 310 8VA 2WV NY AL MO 3ME 414 DE OK IA 337 MI 6GA NC OR MD KY ND 5AR Locations NJ NH PA LA VT UT 6ID6CO 46 CA CT IL SD 2 2 3 MA
Slide 4: Steady, Predictable Revenue
Steady,Predictable Revenue Property/Site •Right uAnnuals uSeasonal (1) Note: 68.8% 3(“ELS 202 184 Property home RV toReports Use Buckets resorts 26,600 10,400 manufactured/resort revenue composition First 7.6% Annual 15.0% Revenue Quarter buckets u71,900 uTransient RV Transient Streams Results”). re
Slide 5: Our Resort Customers
OurResort Customers We Manufactured 4RV Site offer Lifestyle a Cottage lifestyle own Options Home the and unitsa they variety place of product on our sites options uManufactured to meet our customers’ homes uResort needs cottages We seek(park to create models) long-term uRecreational relationships v
Slide 6: Favorable Customer Demographics
Favorable The U.S. 80,000 100,000 120,000 0260,000 20,000 40,000 Sources: 5Note: 015population Population 2020 New MH US Customer 2025 uAverage Residents Census of Over 2030 people 2012, Demographics Age age:age 55 Acxiom 62 55 (in years and thousands) 2014, RV older uAverage Pew is expected Researc
Slide 7: Track Record Since IPO
Track Item 150 200 250 Years 10 --? 300 Properties 50 Sites States FFO (+134%) (+122%) (+252%) Normalized Common Enterprise Dividend Cumulative IPO Since (%) Return Total Inc. Proper=es, Lifestyle 2,000.00 Note: 500.00 1,000.00 1,500.00 determined Share disclosed (+915%) Equity REIT US SNL (+630%) 5
Slide 8: Consistent Same Store NOI Growth
Consistent ELS 3.8 98 3Q (1) Note: 7including 99 Source 2Q has 00 1Qmaintained 000102 regional 4Q for SameSame 3QStore 032Q malls, 03 3.0 Store 1QNOI 0405 positive shopping 4Q NOI Growth 06 3Qdata: 06 NOI 2Qcenters, 070809 and 1Q Citi growth 4Q Outperformance Investment multifamily, 09 3Qsame 10 2Q1
Slide 9: Growth in Indexed NOI and FFO Multiples
Growth Indexed NOI Store Same rates Multifamily 130 140 150 160 FFO 1996-2003 100 110 2014 ELS (1) Note: Averages (3) 8include (4) Source: vs. compounded Index Multiples significantly 18.5x Store only Multifamily equal Multi-family 12.9x Citi SNL 17.8x NOI industry USELS annualized Investment compan
Slide 10: Capital Structure
Capital As Total credit $400 OPU’s $300,000 Debt Mortgage Common(1) $100,000 2015 *Includes (1) Note: of Stock to $200,000 million ‘16 enterprise April $350,000 $381.4, Structure enterprise ‘17 price Debt $200 30, available ‘18 5.3% as $150,000 2015 $62. million value ‘19 of value April 4,449. (in t
Slide 11: Core Portfolio Performance Update
Performance 198 4/30/2015 (3) (1) Note: (2) The from Excludes Core Manufactured Coreannuals Portfolio Portfolio is 7.7%(3) joint Update for venture isHome may the defined quarters change month Communities(1) sites. asthrough ended properties from time-to-time for 3/31/2015 the acquired 183month RVuC
Slide 12: Safe Harbor and Non-GAAP Reconciliation
SafeThe Under certain become recent Non-GAAP Net Computation Redeemable Depreciation operations Normalized (1) Note: 11 Income Harbor investments. the Quarterly 2015 thePrivate 147.4 full to funds Financial Statement Preferred on amounts ofFFO untrue funds rental 210.0 economic Securities from andMe
Slide 13: Non-GAAP Financial Measures
Non-GAAP Funds appropriate defined and refundable Although FFO. contingent acquisitions; We estimated performance operating believe Normalized cases, Investors performance. the companies GAAP, cash 12 current define believe after flow we from nor that byadjustments should provide performance the gai
Slide 14: Contact Information
Two Equity North 800-247-5279 | www.EquityLifeStyle.com LifeStyle Riverside Plaza, Properties Chicago, Illinois 60606
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