Ingenia Communities Group · ASX:INA
Ingenia Communities — FY2025 Earnings Presentation
47 slides from Ingenia Communities's earnings presentation, Aug 26, 2025
Slide 1: ASX / Media Release: FY25 Results Presentation
ASX / MEDIA RELEASE 26 August 2025 FY25 Results Presentation Ingenia Communities Group (ASX:INA) provides its FY25 Results presentation. Authorised for lodgement by the Board. ENDS For personal use only For further information please contact: Donna Byrne General Manager Investor Relations & Sustaina
Slide 2: FY25 Results Presentation
For personal use only RESULTS PRESENTATION FY25 26 AUGUST 2025 Ingenia Lifestyle Bethania, QLD 1
Slide 3: Acknowledgement of Country and Contents
ACKNOWLEDGEMENT OF COUNTRY CONTENTS Overview & Strategy Update John Carfi, CEO & Managing Director For personal use only FY25 Financial Performance & Capital Management Justin Mitchell, Chief Financial Officer Land Lease Development Michael Rabey, EGM, Acquisitions & Development Lifestyle Rentals &
Slide 4: Overview & Strategy Update
For personal use only OVERVIEW & STRATEGY UPDATE Ingenia Lifestyle Chambers Pines, QLD 3
Slide 5: FY25 Overview
FY25 OVERVIEW Financial and strategic targets delivered For personal use only FY25 EPS exceeded Strategy established August Good momentum across the Solid foundation in place – guidance; EBIT towards top 2024 delivering positive business into FY26 well placed to deliver of guidance range results gro
Slide 6: Driving Performance: Year 1 Goals Delivered
DRIVING PERFORMANCE: YEAR 1 GOALS DELIVERED On track to achieve year 3- and 5-Year Plan goals REFOCUS BUSINESS OPTIMISE RETURNS For personal use only Transition from acquirer to operator complete Building momentum via leaner business with refined structure and clear focus Simplify business • Simplif
Slide 7: Positioned to Deliver Medium-Term Targets
POSITIONED TO DELIVER MEDIUM-TERM TARGETS Year 1 outcomes support strategy and medium-term scale in line with 3- and 5-year goals OPTIMISE RETURNS EFFICIENT PLATFORM OF SCALE For personal use only Strategic actions and execution focus Year 3 Year 5 driving delivery of Year 1 outcomes and Enhanced re
Slide 8: Financial Performance & Capital Management
For personal use only FINANCIAL PERFORMANCE & CAPITAL MANAGEMENT Ingenia Lifestyle Natura, NSW 7
Slide 9: Business Overview
BUSINESS OVERVIEW1 INVESTMENT PROPERTY $2.7b For personal use only Owned/Managed COMMUNITIES & SITES Established, under development 100 and planned DEVELOPMENT 5,0242 Potential new land lease home sites OPERATIONS 15,700 Income generating homes, villas, cabins and sites ‘ROOM NIGHTS’ 1.8m SETTLEMENT
Slide 10: FY25 Financial Highlights
FY25 FINANCIAL HIGHLIGHTS REVENUE3 EBIT1 • Underlying EPS1 guidance exceeded – up 33% on FY24 $512.0m $164.1m For personal use only +8% on FY24 +22% on FY24 • EBIT1 up 22% on FY24 • Development activity accelerating in line with growth targets • 520 new home settlements FY25 (up 13% on FY24)2 with S
Slide 11: EBIT
EBIT Growing ‘passive’ income streams; home settlements increasing in line with demand For personal use only EBIT FY25 FY24 Change Margin • Lifestyle Rental benefitted from growth in rent base as developments added new homes; and rent increases (impacted by lower CPI and legislative Residential Comm
Slide 12: Capital Management
CAPITAL MANAGEMENT Well positioned balance sheet KEY METRICS 30 June 25 30 June 24 Gearing at 29.7% For personal use only Gearing ratio1 29.7% 27.8% • Approximately $198 million in cash and available undrawn debt Loan to value ratio (covenant <55%) 35.2% 32.3% • Impacted by $25.4 million write-off o
Slide 13: Portfolio Valuation Summary
PORTFOLIO VALUATION SUMMARY WEIGHTED AV. WEIGHTED AV. • Independent valuation of 34 assets 2H25 representing 37% of total JUN 252 NET portfolio by value (30 assets 1H25) PORTFOLIO CAP RATE CAP RATE BOOK VALUE REVALUATION3 JUN 251 JUN 241 For personal use only • CPI linked and market-based rent incre
Slide 14: Portfolio Overview
PORTFOLIO OVERVIEW1 Growing stable recurring revenue Annuity-style Revenue Recurring Revenue For personal use only LAND LEASE ANNUAL RENTAL Portfolio EBIT4 Revenue Mix5 CABINS SITES HOMES SITES HOMES Lifestyle Rental RESIDENTIAL Ingenia Lifestyle2 5,207 - 21 - - 31% 39% 34% Ingenia Rental (All age)
Slide 15: Residential Communities
For personal use only RESIDENTIAL COMMUNITIES Ingenia Lifestyle Latitude One, NSW 14
Slide 16: Residential Communities: Increasing exposure to land lease communities
RESIDENTIAL COMMUNITIES Increasing exposure to land lease communities • Ingenia Lifestyle, Ingenia Rental and For personal use only Ingenia Gardens delivering core recurring rental revenue • Cash flows supported by government payments and CPI linked or market-based rents • Communities meet growing d
Slide 17: Land Lease Development
For personal use only LAND LEASE DEVELOPMENT Ingenia Lifestyle Latitude One, NSW 16
Slide 18: Land Lease (Lifestyle) Development
LAND LEASE (LIFESTYLE) DEVELOPMENT Growing settlements and development activity driving EBIT growth For personal use only FY25 FY24 EBIT up 25% on FY24 • Total of 520 home settlements FY25 (up 13% on FY24) Future Focus New home settlements (100% INA) 1 374 370 • Deliver targeted • Increasing contrib
Slide 19: Development Joint Venture
DEVELOPMENT JOINT VENTURE Settlements growth continuing into FY26 Four projects now delivering settlements For personal use only • Total of 146 settlements • Increasing settlements FY26 – anticipated to contribute circa 35% of Group settlements $829k Projects delivering targeted returns AVE. HOME SA
Slide 20: Inventory Levels Aligned to Demand
INVENTORY LEVELS ALIGNED TO DEMAND Development activity led by customer demand and sales For personal use only Only 47 completed homes unsold at 30 June (Ingenia and Joint Venture) • 511 homes constructed FY25 • 63 homes settled year to date with 398 deposited or contracted at 21 August 2025 Growth
Slide 21: Diverse Projects and Price Points
DIVERSE PROJECTS AND PRICE POINTS For personal use only Projects with location and price diversity • Prices for current projects from $475k to >$1 million Demand drivers remain in place – ageing population and desire for affordable living • Attractive to downsizers seeking to release equity and main
Slide 22: Development Activity Supporting Growth Targets
DEVELOPMENT ACTIVITY SUPPORTING GROWTH TARGETS Extending pipeline for development and settlements For personal use only Progressing current projects • Chambers Pines, Seachange Toowoomba and Seachange Coomera complete • Nature’s Edge to complete Q2 FY26 • Eleven communities opened display homes and
Slide 23: Lifestyle Rental (Land Lease and All-Age Rental)
LIFESTYLE RENTAL (LAND LEASE AND ALL-AGE RENTAL) For personal use only KEY DATA FY251 FY24 Total revenue $93.1m $86.5m EBIT $46.2m $45.3m EBIT margin 49.6% 52.3% EBIT margin (stabilised)2 51.9% 52.9% 30 Jun 251 30 Jun 24 Book value – in operation $1,042.3m $956.1m Lifestyle (land lease) and Rental N
Slide 24: Ingenia Lifestyle (Land Lease)
INGENIA LIFESTYLE (LAND LEASE) Rent base growing Continuing to increase rental revenue and manage cost headwinds For personal use only • New home settlements FY25, adding $4.2 million revenue per annum Future Focus • Rent increases reflect regulatory change in Queensland and lower CPI 100% • Grow cu
Slide 25: Ingenia Rental (All Age Rental)
INGENIA RENTAL (ALL AGE RENTAL) All age ‘built to rent’ experiencing high demand High occupancy and rent growth Continue to enhance customer offer For personal use only delivered • Amenities added at Durack (QLD) and Future Focus • Weighted average weekly rent increase Frankston (VIC) 9.1% • Deliver
Slide 26: Ingenia Gardens
INGENIA GARDENS Ingenia Gardens Sovereign NSW High occupancy maintained For personal use only KEY DATA FY25 FY24 Total revenue $21.6m $23.7m Future Focus EBIT $10.7m $11.6m 1,020 • Continue to leverage the Ingenia Connect service to HOMES EBIT margin 49.6% 49.1% support extended length of stay 30 Ju
Slide 27: Holidays
For personal use only HOLIDAYS Ingenia Holidays, Lake Conjola, NSW 26
Slide 28: Ingenia Holidays
INGENIA HOLIDAYS1 35 PARKS WITH >7,500 INCOME GENERATING For personal use only SITES 1,626 ‘ANNUAL’ SITES GENERATING STABLE RENTS 4,650 TOURISM CABINS AND SITES 1,280 PERMANENT HOMES (RENTAL AND LAND LEASE) Ingenia Holidays Byron Bay, NSW 27 1. Includes Ingenia Holidays Kinka Beach, acquired July 20
Slide 29: Ingenia Holidays: Resilient portfolio delivering continued growth
INGENIA HOLIDAYS Resilient portfolio delivering continued growth KEY DATA FY25 FY24 For personal use only Tourism rental income Residential rental income $111.5m $12.3m $105.1m $11.6m 50 Future Focus NEW ‘CABINS’ • Continue to refine portfolio via Annuals rental income $11.6m $11.0m ADDED FY25 selec
Slide 30: Extending Footprint in Strategic Locations
• Add images of Tomakin and Kinka Beach EXTENDING FOOTPRINT IN STRATEGIC LOCATIONS Refining portfolio to enhance value and leverage platform For personal use only Divestment of fund assets completed February 2025 Selectively investing in well located parks with densification opportunities to fill st
Slide 31: Asset management strategies delivering growing revenue streams
INGENIA HOLIDAYS Asset management strategies delivering growing revenue streams For personal use only Investment in densification, and portfolio quality to drive value creation into the medium term • Select acquisitions offering significant upside and extending reach • Introduction of new accommodat
Slide 32: Outlook & Guidance
For personal use only OUTLOOK & GUIDANCE Ingenia Lifestyle Bethania, QLD 31
Slide 33: Transition to Operationally Efficient Developer and Operator
TRANSITION TO OPERATIONALLY EFFICIENT DEVELOPER AND OPERATOR DELIVERING RESULTS Foundations in place - strategic focus on continued execution For personal use only SIMPLIFY BUILD CAPACITY IN DRIVE OPERATIONAL BUSINESS DEVELOPMENT GROWTH ENGINE EFFICIENCY • Streamline executive and business structure
Slide 34: Outlook and Guidance
Ingenia Lifestyle Plantations, NSW OUTLOOK AND GUIDANCE Strategic focus driving growth towards year 5 targets Delivery of FY25 guidance reflects achievement of Year 1 plan goals, including For personal use only development growth Targeting growth in FY26, with reference to • Benefit of cost reductio
Slide 35: Questions
For personal use only QUESTIONS Ingenia Holidays Cape Paterson, VIC 34
Slide 36: Appendices
For personal use only APPENDICES Ingenia Lifestyle Sanctuary, QLD 35
Slide 37: EBIT by segment and underlying profit
APPENDIX 1 EBIT by segment and underlying profit For personal use only Residential Communities Tourism Other Capital Lifestyle Lifestyle Ingenia Ingenia Fuel, Food ($m) Partnerships1 and Total Development Rental Gardens Holidays and Beverage Corporate2 Rental income - 77.5 20.0 12.3 - - 109.8 Touris
Slide 38: Cash flow
APPENDIX 2 Cash flow FY25 FY24 For personal use only ($m) ($m) Opening cash at 1 July 14.5 45.7 Rental and other property income 289.4 268.5 • Increase in number of homes and average weekly rent; higher holidays occupancy and rate • Increase in operating costs in Lifestyle Rental and Holidays; and c
Slide 39: Consolidated balance sheet
APPENDIX 3 Consolidated balance sheet 30 Jun 25 30 Jun 24 For personal use only ($m) ($m) Cash 13.4 14.5 Inventories 83.0 86.5 • Stable inventory balance as aligned to customer demand Investment properties 2,489.0 2,250.7 • Investment property value reflects capital expenditure for existing and new
Slide 40: Key drivers of segment EBIT margin
APPENDIX 4 Key drivers of segment EBIT margin For personal use only LIFESTYLE RENTAL INGENIA GARDENS INGENIA HOLIDAYS DEVELOPMENT 49.6% 52.3% 49.6% 49.1% 40.3% 42.2% 31.8% 28.7% FY25 FY24 FY25 FY24 FY25 FY24 FY25 FY24 EBIT Margin EBIT Margin EBIT Margin EBIT Margin EBIT Margin EBIT Margin EBIT Margi
Slide 41: Lifestyle Rental investment property fair value drivers
APPENDIX 5 Lifestyle Rental investment property fair value drivers Development Component – Land lease Investment Property Value For personal use only • On acquisition of land, the asset is initially recognised in the Development Segment and Primary IP reflects the initial cost of the undeveloped lan
Slide 42: INA settlements – project value metrics
APPENDIX 6 INA settlements – project value metrics Development profit “above the ground” • Reflects the gross development margin (home sales revenue For personal use only less home COGS) for new homes settled during the year Capex • Community infrastructure costs reflect the allocation of total FY25
Slide 43: Joint Venture settlements – project value metrics
APPENDIX 7 Joint Venture settlements – project value metrics Development profit “above the ground” • Reflects the gross development margin (home sales revenue For personal use only less home COGS) for new homes settled during the year Capex • Community infrastructure costs reflect the allocation of
Slide 44: Underlying to statutory profit
APPENDIX 8 Underlying to statutory profit 200.0 FY25 Underlying to Statutory Profit Bridge For personal use only 180.0 49.4 (8.2) (6.6) 160.0 (9.3) 140.0 (4.7) (11.6) 5.7 (12.5) 120.0 126.1 128.4 $m 100.0 80.0 60.0 40.0 20.0 0.0 Underlying Profit Fair value gain on Share of Joint Transaction costs R
Slide 45: Target portfolio structure and returns (5-year plan)
APPENDIX 9 Target portfolio structure and returns (5-year plan) DEVELOPMENT RECURRING REVENUE For personal use only EBIT contribution 50-60% EBIT contribution 40-50% GROW OPTIMISE RETURNS MAXIMISE VALUE LAND LEASE PORTFOLIO and ENHANCE RESIDENTIAL RENTAL HOLIDAYS DEVELOPMENT RETURNS CAPITAL AND • Pr
Slide 46: Contact Us
CONTACT US For personal use only Donna Byrne GM Investor Relations and Sustainability dbyrne@ingeniacommunities.com.au Tel: +61 401 711 542 Justin Mitchell Chief Financial Officer jmitchell@ingeniacommunities.com.au Ingenia Communities Group Level 10, 20 Bond Street, Sydney, NSW 2000 www.ingeniacomm
Slide 47: Disclaimer
DISCLAIMER This presentation was prepared by Ingenia Communities Holdings Limited (ACN 154 444 925) The forward-looking statements included in this presentation involve subjective judgment and and Ingenia Communities RE Limited (ACN 154 464 990) as responsible entity for Ingenia analysis and are sub
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