Lifestyle Communities Ltd · ASX:LIC
Lifestyle Communities — Shareholder Meeting (November 2011)
14 slides from Lifestyle Communities's shareholder meeting presentation, Nov 24, 2011
Slide 1: Annual General Meeting
For personal use only Annual General Meeting 24th November 2011 I
Slide 2: Contents
Contents For personal use only 1. Year in Review 2. Financial Highlights 3. Our Customer 4. Current Status 5. Outlook 6. Summary This document should be read with the Disclaimer at the end of the document Affordable Seniors Housing I Page 1
Slide 3: The year in review
The year in review For personal use only • Strong financial performance with increased sales revenues, rental income and profits • As at November, holding in excess of $25m in sales in the form of deposits and committed contracts • Raising $50m in Loan Notes has secured the long term funding and gro
Slide 4: Financial Highlights
Financial Highlights For personal use only Income growth $25,000,000 $5,000,000 • Gross revenues increased by 17% to $28.0m • Net profit before tax increased by 23% to $10.4m $20,000,000 $4,000,000 • Net profit after tax increased by 16% to $6.8m Management income • Gross management revenues increas
Slide 5: Loan Notes to fund growth
Loan Notes to fund growth For personal use only In May 2011 Lifestyle Communities entered into a 10 year* $50m loan note facility. The new funding facility: • Swaps short-term debt with long-term debt providing certainty of funding • Facilitates the recycling of capital from maturing developments in
Slide 6: What our customers are telling us
What our customers are telling us For personal use only • 59% of our residents did not cross shop before they bought • 84% thought that the Lifestyle brand reputation was important in their purchase decision • 69% thought that there was a clear difference between a Lifestyle Community and a retireme
Slide 7: We are becoming more affordable
We are becoming more affordable For personal use only Rent as proportion of pension after rental assistance $30,000 • Residents on the pension are paying 22.7% of their pension as $25,000 rental (for singles) and 19.6% (for couples) after rental assistance $20,000 • The target for residents of publi
Slide 8: A growing market segment
A growing market segment For personal use only • There were 3.01 million people aged 65 years and over in Australia at June 2010, an increase of 370,600 people or 14.0% since June 2005 • At June 2010, 760,000 people aged 65 years and over live in Victoria of which 47% fall within Lifestyle Communiti
Slide 9: Primarily a rental income model
Primarily a rental income model For personal use only • Lifestyle operates as a “land lease” Gross Management Income model and is NOT a retirement $5,000,000 village $4,000,000 • Over 60% of net operational income is derived from site leases $3,000,000 • Additional operational income generated from
Slide 10: Our Current Status
Our Current Status For personal use only Affordable Seniors Housing I Page 9
Slide 11: Development Pipeline
Development Pipeline For personal use only 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 sett
Slide 12: Outlook
Outlook For personal use only Net profit before tax and significant items • Sales bank (as at November) of 12,000,000 over $25m of committed revenue 10,000,000 • Profit Before Tax (PBT) for the first half of this financial year will be 8,000,000 greater than for the same period last year 6,000,000 •
Slide 13: Commercial in confidence
For personal use only Commercial in confidence I
Slide 14: 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
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