Slide 1: Results Presentation for the Half-year Ended 31 December 2011
For personal use only Results Presentation for the Half- year Ended 31 December 2011 February 2012 I
Slide 2: Contents
Contents For personal use only 1. Financial Results 2. Market Conditions 3. Current Status 4. Outlook 5. Summary This document should be read with the Disclaimer at the end of the document Affordable Seniors Housing I
Slide 3: Financial Results: 1st Half Highlights
Financial Results For personal use only 1st Half Highlights Income growth • Net profit before tax: $5.9m (up from $5.6m $3,000,000 prior half) • Net profit after (current) tax: $5.7m* (up from $5.6m prior half) $20,000,000 $2,500,000 • Net profit after tax: $4.1m (up from $3.5m prior half), included
Slide 4: Profit & Loss
Profit & Loss For personal use only Profit and loss highlights 1H2012 1H2011 (#039;000) (#039;000) % movement Revenue Unit sales 14,507 11,205 29% Management income 2,647 2,182 21% Net profit before tax 5,916 5,555 6% Net profit after (current) tax* 5,721 5,555 3% Earnings per share (based on Net profit a
Slide 5: Balance Sheet
Balance Sheet For personal use only Balance sheet highlights 1H2012 FY2011 (#039;000) (#039;000) Investment properties 62,311 54,982 Total assets 94,735 92,821 Bank borrowings (current) (5,310) (2,334) Loan note borrowings (non‐current) (37,203) (37,170) Loan to value ratio 44.9% 42.6% Total liabilities (
Slide 6: Cash Flow
Cash Flow For personal use only Cash flow highlights 1H2012 1H2011 (#039;000) (#039;000) Receipts from customers 18,968 14,825 Payments to suppliers and employees* (20,337) (15,328) Net interest payments (666) (352) Cash flows from operations (2,035) (855) Project capital expenditure (civil and facilities
Slide 7: Market Conditions
Market Conditions For personal use only Key Indicators Monthly customer commitments ‐ since July 2009 20 • Affordability continues 18 to be a key driver of enquiry 16 14 • Although seasonally quieter in late 2011, 12 customer commitments 10 are looking strong in 2012. It is expected 8 these will tra
Slide 8: Current Status
Current Status For personal use only Communities Sites Sites sold and Sites sold and Sites sold, occupied and being Sites unsold occupied being developed developed Existing # % communities Melton 228 225 3 228 100% 0 Tarneit 136 122 10 132 97% 4 Warragul 182 104 14 118 65% 64 Cranbourne* 217 54 51 1
Slide 9: Outlook
Outlook For personal use only • Received 81 settlements for 1H2012. • The current committed sales bank (as Net profit before tax and significant items of 13th February) is 113 (representing 6,000,000 over $25m of committed revenue), of this 62 commitments are contracted 5,000,000 and awaiting settle
Slide 10: Outlook
Outlook For personal use only • It is expected that settlements for 2H2012 will be softer than 1H2012 due to: • Later than anticipated commencement of Chelsea Heights • Slowdown in customer commitments during Aug to Dec 11, predominantly at Warragul • Slower sell through of customers homes at Warrag
Slide 11: Outlook: Development Forecast
Outlook For personal use only Development Forecast Community FY12 FY13 FY14 FY15 FY16 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Brookfield (Melton) Seasons (Tarneit) Warragul Cranbourne Shepparton Chelsea Heights Hastings Drouin The above timescale reflects current forecasts of the
Slide 12: Summary
Summary For personal use only • 1H2011 key financial highlights: • Gross revenue $18.4m (1H2010: $13.9m) • Net profit before tax $5.9m (1H2010: $5.6m) • Net tangible assets $38m (FY2010: $36.1m) • Status of existing communities (correct at 13 February 2012): • Brookfield: 100% of sites sold • Tarnei
Slide 13: Disclaimer
For personal use only Disclaimer While every effort is made to provide accurate and complete information, Lifestyle Communities Limited does not warrant or represent that the information in this presentation is free from errors or omissions or is suitable for your intended use. Subject to any terms