Equity Lifestyle Properties, Inc. · NYSE:ELS
Equity Lifestyle Properties — Earnings Presentation (February 2015)
15 slides from Equity Lifestyle Properties's earnings presentation, Feb 24, 2015
Slide 1: Equity LifeStyle Properties
Exhibit 99.1 Equity LifeStyle Properties
Slide 2: Our business
Ourbusiness One containing Unique Own Low Lease High-quality More Property Stable, Balance In Story of maintenance the than developed the predictable business sheet land locations 80 100 nation’s over for real properties flexibility properties more 143,100 model sites estate costs/customer are in fi
Slide 3: Property Locations
Property WA MT ND OR ID NY CA 7PA UT 16 4WV AZ 11 6TN TX MS FL LA 37 214 103NM 7NE 26 SC 4WY 8317 6RI KS AL CO MO NV 4MN ME DE OK 8IA WI 10MD GA NC 49SD KY 5AR Locations 34IL 6VT MI 26VA IN 26NH 3OH CT 3 MA 6 NJ
Slide 4: Steady, Predictable Revenue Streams
Steady,Predictable Property/Site 201 home 71,500 183 71,600 Annuals Membership Property Transient Seasonal (1) Note: Quarter Right 7.7% Annual 14.9% All 369.0% Property Annual manufactured/resort RV communities tosites RV MH resorts Results”). Use 26,400 Operating 10,400 3.6% 10,700 4.8% Revenue rev
Slide 5: Our Site Customers
OurSite Customers Resort Recreational We Manufactured 4RV Resort offer seek Lifestyle cottages to a Cottage lifestyle own create vehicles Options homes Home (park thelong-term and units models) a they variety relationships place of product on ourwith sites options our customers to meet our customers
Slide 6: Favorable Customer Demographics
Favorable The 02U.S. 20,000,000 40,000,000 60,000,000 80,000,000 100,000,000 120,000,000 2030 2025 2020 Sum New MH RV Roughly Boomers every Sources: 5Note: 015uAverage population uAverage Population of Residents day 55-59 60-64 65-69 70-74 75+ US 10,000 will through Customer Census age: turn age: of
Slide 7: Track Record of Total Return Performance
Track Item Properties Sites States Normalized Common Enterprise Dividend Cumulative Note: FFO January (4) (5) 0-10-Year 50 100 150 200 250 300 350 Years 10 -- Properties, (+110.02%) (+167.69%) S&P (+290.49%) --100 73%) (+2186.73%) ELS --500.00 0.00 500.00 1,000.00 1,500.00 2,000.00 2,500.00 IPO Sinc
Slide 8: Consistent Same Store NOI Outperformance
Consistent ELS 2Q 1Q 4Q 3Q 2. (1) Note: 7including 92.Source 98positive 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 regional for Same has Same Store same malls, Store NOI maintained shopping NOI Growth data: store centers, and Citiquarters Outperformance Investment multifamily, NOIResearch, grow
Slide 9: ELS FFO Multiples vs. Multifamily
ELSSource: FFO 1996-2001 2002-2012 2013 Same 1998 100 110 120 130 140 150 160 170 Multi-family (1) Note: 2014. (3) 8include vs. compounded Multiples 17.3x 1999 Averages Store only Multifamily 2000 (3) Citi SNL 17.0x NOI US Index 13.2x 16.8x ELS equal Investment companies 2001 Financial. Indexed Same
Slide 10: Capital Structure
Capital As Total OPU’s Term Preferred Mortgage $4,602.9 Common(1) (1) Note: 27.4% $2,018.1 9Debt of Stock enterprise Loan January $395.8, Structure price $136.1, 62.6% $200.0, 31, 5.4% as value 1.9% of 2015 2.7% January is(in $7.4 millions) 30, billion 2015. Debt to enterprise value is 30.2% of $400
Slide 11: Pre- and Post-Refinancing Debt Maturity
$395 Post (1) Note: expect Pre-Refinancing Post-Refinancing thousands) $300,000 $350,000 (in Debt Outstanding $100,000 2015 $0 *Includes unsecured 10 AsRefinancing $200,000 $150,000 Refinancing(1) million ‘16 described the‘17 $200 debt remaining $250,000 $50,000 secured ‘18 Year million Debt in ‘19
Slide 12: Core Portfolio Performance Update
Performance 197 sites 182 (1) Note: (2) The 11 Excludes Core Manufactured RV Core through Resorts(1) Portfolio Portfolio joint Update 2014venture isHome uCore may defined change Communities(1) community resort sites. as properties from base rental time-to-time baseacquired uCore(2) rental incomeinco
Slide 13: Safe Harbor and FFO Reconciliation
SafeThe Under The Quarterly obligation Non-GAAP investments. Computation Net Income Series Deferral Depreciation Amortization Gain Funds Change Transaction Loss Goodwill Normalized (1) Note: 12 Income income forward-looking Harbor from onB from the 2015 allocated in real of Redeemable impairment Rep
Slide 14: Non-GAAP Financial Measures
Non-GAAP of equity for and definition prepayment FFO REIT. provides our on in properties. Normalized established the generated distributions liquidity, 13 evaluating accordance operating Funds afrom financial term operating related asset ofare ofand herein unconsolidated FFO Real as REIT. based the
Slide 15: Equity LifeStyle Properties contact
Equity Two 2/15 North LifeStyle Riverside Properties Plaza, Chicago, Illinois 60606 800-247-5279 | www.EquityLifeStyle.com
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