Equity Lifestyle Properties, Inc. · NYSE:ELS
Equity Lifestyle Properties — Investor Presentation (November 2013)
15 slides from Equity Lifestyle Properties's investor presentation, Nov 12, 2013
Slide 1: Equity LifeStyle Properties
Exhibit 99.1 Equity LifeStyle Properties ELS
Slide 2: Our Business
Ourbusiness One Unique Own Low Lease High-quality More Property Stable, Balance 1In ELS Story of maintenance the than developed the predictable business sheet land locations 80 100 nation’s for real properties flexibility properties more model sites estate costs/customer are in financial largest tha
Slide 3: Property Location
Property Seattle 6San 3Houston 28MA ELS Phoenix OH Miami Francisco NY Cincinnati 4RI MN Location 3 25 2CT WA WI NM 16 3 WV Portland 64Salt ND 6Minneapolis PALouisville lake MT 4 OR NJ WY City 4CA CO 7UT Milwaukee KY DE NVDenver 4Nashville MD Las 4 Boise Vegas WV 92TX 5TN ID VA Chicago 7San 7AZ NC Bi
Slide 4: Steady, Predictable Revenue Streams
Steady, Revenue Property/Site 201 home 71,500 175 67,400 Annuals Membership Transient Seasonal Annual All Note:1) 3Reports ELSAnnual manufactured/resort RVcommunities sites Predictable Right RV MH resorts Property Third 24,000 Buckets(1) 9,300 3.2% 10,000 4.2% Revenue 13.6% 70.2% sites composition t
Slide 5: Our Site Customers
OurSite Customers Resort Recreational We Manufactured 4RV ELSResort offer seek Customers cottages to a Cottage lifestyle own create vehicles 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’ nee
Slide 6: Favorable 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 Sources: Note: RV 8M Over 5Average ELS 015Owners -population Population of 9M 200K 55-59 60-64 65-69 70-74 75+ of University RV Customer 42K RVowners sales of Over RVpeople owners of Demograph
Slide 7: Track Record
Track Item Properties Sites States FFO Normalized Common Enterprise Dividend Cumulative S&P Note: midpoint 3) 4) 55) 20 40 60 80 September-08 -80 -60 -40 0-10 50 100 150 200 250 Total September-03 September-12 Source: Notes: 1) 62) ELS 20 50 Year The Total See Source: SNL Year (+46%) (+160%) IPO Per
Slide 8: Consistent Same Store NOI Growth
Consistent Q3 Same REITs Apartments REIT 3Q99 1Q99 3Q98 -10% -9% -8% -7% -6% -5% -4% -3% -2% -1% 0% 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 1) Note: 7including ELSSource 1998-Q2 3.7% has Industry Store 1Q00 2.4% maintained regional for Same NOI 2.6% 3Q00 2013(1) Same Apartments Averages: Store 1Q01 malls, St
Slide 9: NOI Outperformed; FFO Multiples
NOI outperformed FFO 1996-2001 2002-2011 2012 Same 1998 100 110 120 130 140 150 160 170 180 Multifamily 1) Note: 2) 83) ELSSource: growth vs. compounded Multiples 14.8x 1999 Store Multifamily Citi SNL 2000 (3) 19.1x NOI industry Index rates the 16.9x 12.9x Investment ELS Financial. 2001 Indexed REIT
Slide 10: Capital Structure
Capital As Total Debt $380 OPU’s Term Preferred Mortgage $2,848.3 Common(1) 1) 9Note: ELS Stock ofto million enterprise Loan September $262.5, Structure enterprise price 52.3% $136.1, Debt $200.0, available as 4.8% $1,994.3 value of 30, 2.5% value 3.7% September 2013 isline $5.4 is36.7% (In 40.3% of
Slide 11: Debt Refinancing and Maturities
$430 4.47% Approximately Defease Debt Outstanding 2013 $0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 Post-Refinancing Year 1) Note: expect 10 ELSAs Maturity Refinancing(1) million 2014 described weighted the $295 remaining 2015 Debt secured million Comparison 18-year in average 2016 Pre-R
Slide 12: Core Performance Update
Performance 197 Core(2) 174 Core Annual 1) Note: 2) The 3) 11 ELSExcludes Core Compared Manufactured RV Core occupancy community resort growth Portfolio Resorts(1) occupancy Portfolio income joint Update torate the has base venture isHome may of growth ten defined for grown 91.9% rental the months c
Slide 13: Safe Harbor and FFO Reconciliation
Safe Under The Quarterly forward-looking Non Computation Net Income Series Deferral Depreciation Amortization (Gain) Funds Change Transaction Loss Goodwill Gain Normalized 1) Note: 17 ELSThe Income income forward-looking GAAP Harbor from onB from the loss 2013 allocated in sale of Redeemable impairm
Slide 14: Non-GAAP Financial Measures
Noncurrent Funds appropriate defined and refundable Although FFO. contingent acquisitions; We estimated performance operating believe Normalized cases, Investors performance. the companies GAAP, cash 18 ELS define believe after GAAP flow we from nor that byadjustments should provide performance the
Slide 15: Equity LifeStyle Properties contact
EquityNORTH TWO 800-247-5279 LifeStyle | RIVERSIDE WWW.EQUITYLIFESTYLE.COM Properties PLAZA, CHICAGO, ILLINOIS 60606
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