Ingenia Communities Group · ASX:INA
Ingenia Communities — Shareholder Meeting (November 2021)
32 slides from Ingenia Communities's shareholder meeting presentation, Nov 11, 2021
Slide 1: AGM Addresses of Chairman and Managing Director ASX Release
ASX / MEDIA RELEASE 11 November 2021 For personal use only Annual General Meeting – Addresses of Chairman and Managing Director Ingenia Communities Group (ASX: INA) releases the attached Chairman and Managing Director addresses for the Group’s Annual General Meeting (AGM) which is being held today,
Slide 2: Chairman's Address
ASX / MEDIA RELEASE 11 November 2021 Ingenia Communities 2021 Annual General Meeting For personal use only Chairman’s Address JIM HAZEL – CHAIRMAN Ladies and Gentlemen, On behalf of the Board and management, I welcome you to Ingenia Communities Group’s second virtual Annual General Meeting. While I
Slide 3: Chairman's Address: FY21 result
ASX / MEDIA RELEASE The FY21 result benefitted from the stable rent base that has been built over many years, strategic acquisitions which expanded the portfolio, and strong results from the holidays and development businesses For personal use only as restrictions eased. A total of $215 million of a
Slide 4: Chairman's Address: sustainability and acquisitions
ASX / MEDIA RELEASE We remain focussed on the impact we have on our communities and their environments as we expand our reporting and embed a focus on sustainability within the business. For personal use only Over the last year we have continued to build a leading presence in the lifestyle sector an
Slide 5: Chairman's Address: board and remuneration
ASX / MEDIA RELEASE As our strategy has progressed and the business has grown, the Board has evolved to ensure that it meets the current, and future, needs of the Group. This will continue. For personal use only In accordance with the requirements of the Company’s Constitution I will be seeking re-e
Slide 6: Managing Director's Address
ASX / MEDIA RELEASE Ingenia Communities 2021 Annual General Meeting Managing Director’s Address For personal use only SIMON OWEN – MANAGING DIRECTOR and CEO Good morning everyone and thank you for your attendance today. I am very pleased to be providing an update on some recent events, as well as pr
Slide 7: Managing Director's Address: acquisitions
ASX / MEDIA RELEASE On 1 November we announced some $552 million of acquisitions and a $475 million equity raising. These acquisitions included two quality portfolios and support our strategy to continue to access high quality For personal use only communities and developments and our aspiration to
Slide 8: Managing Director's Address: operating conditions
ASX / MEDIA RELEASE Restrictions related to COVID-19 led to closures in our holiday parks from the end of June, which have only recently eased and while booking demand has surged since, approximately $10 million of revenue from the For personal use only holidays business has been lost year to date.
Slide 9: Managing Director's Address: residents and staff
ASX / MEDIA RELEASE We invested a huge amount of effort and resources to keep our residents, staff and guests safe. In periods where travel and visits from friends and family were not allowed, we provided greater connection within our For personal use only communities - delivering meals to homes, or
Slide 10: Managing Director's Address: outlook
ASX / MEDIA RELEASE We will continue to focus on our residents and guests, recruit and develop the best talent, seek continual improvement and enhance the sustainability of our operations and new developments as we seek to deliver For personal use only on our strategic and performance targets for FY
Slide 11: Ingenia Communities Group 2021 Annual General Meeting
11:30am (AEDT) Thursday, 11 November 2021 For personal use only Seachange Emerald Lakes, QLD INGENIA COMMUNITIES GROUP 2021 ANNUAL GENERAL MEETING
Slide 12: Chairman's address
Chairman’s address For personal use only Ingenia Lifestyle Latitude One, NSW 2
Slide 13: Welcome and introduction
Welcome and introduction The business continued to face challenges as COVID-19 For personal use only impacted operating conditions in FY21 and into FY22 • A focus on supporting residents and our teams has continued • Uncertainty remains as Governments and businesses adjust Ingenia Lifestyle Bethania
Slide 14: FY21 result
FY21 result Ingenia entered FY21 with a strong balance sheet, a clear strategy and a purpose-driven culture For personal use only Result underpinned by • Stable rent base • Strategic acquisitions • Improving holidays and development returns as restrictions eased Over $215 million in acquisitions con
Slide 15: Security price and total returns
Security price and total returns For personal use only Ingenia Security Price ($) Total Securityholder Return (%) $ % to September 2021 7.2 6.7 60 48.3% 6.2 50 5.7 40 33.6% 5.2 28.2% 4.7 Equity Raising 22.5% 30 4.2 3.7 $6.44 20 3.2 10 2.7 2.2 0 1-Feb-20 1-Feb-21 1-Nov-20 1-Dec-20 1-Nov-21 1-Aug-20 1
Slide 16: Sustainability
Sustainability For personal use only Progressing sustainability initiatives Clean Energy Finance Corporation (CEFC) funding established February 2021 - clear energy targets and commitment • Targeting carbon neutral operation by 2035 – emissions pathway published • Complements existing energy reducti
Slide 17: Focus on the future
Focus on the future Ingenia Holidays Merry Beach, NSW Forecasting growth for FY22 For personal use only • Recent acquisitions and development pipeline support future growth • Fundamental demand drivers remain strong – ageing population and domestic travel • Improvement in operating conditions – easi
Slide 18: Resolutions
Resolutions For personal use only Ingenia Holidays Bonny Hills, NSW
Slide 19: CEO address
CEO address For personal use only Ingenia Lifestyle Hervey Bay, QLD Ingenia Lifestyle Latitude One, NSW
Slide 20: Results summary
Results summary Growth across all key operating metrics For personal use only • Revenue of $295.6 million – up 21% on FY20 • EBIT of $94.4 million – up 31% on FY20 FINANCIALS • Underlying EPS of 23.6 cents – up 7% on FY20 • Operating cash flow of $137.6 million – up 105% on FY20 • Growing portfolio
Slide 21: Latitude One by Ingenia Lifestyle
Latitude One by Ingenia Lifestyle For personal use only First greenfield development compete - 270 homes and resort style facilities, 460 residents Ingenia Lifestyle Latitude One, NSW 11
Slide 22: Growing market leading position
Growing market leading position Transformative acquisitions announced 1 November 2021 – add 2,955 income producing sites For personal use only and 856 potential development sites ~$552m acquisitions1 Contracted acquisitions Acquisitions under offer or in due diligence $441m ~$111m • Seachange Group
Slide 23: Seachange Group
Seachange Group Six lifestyle communities Adds 693 occupied homes and 548 development sites For personal use only Hervey Bay 1 Seachange Arundel (414 sites) 4 Seachange Toowoomba (170 sites) Seachange Arundel Seachange Toowoomba homes 5 2 Seachange Emerald Lakes (126 sites) Seachange Victoria Point
Slide 24: Caravan Parks of Australia
Caravan Parks of Australia Seven lifestyle and holiday communities For personal use only Koonoomoo • 518 permanent sites Bowna • 394 annual sites • 494 tourism sites MELBOURNE Swan Reach Chelsea Carrum Downs Frankston Swan Bay Murray River 1,406 additional sites 14
Slide 25: BIG4 Beacon Resort, Queenscliff, Victoria
BIG4 Beacon Resort, Queenscliff, Victoria For personal use only Continues expansion of holidays business – parks from Torquay to Cairns 15
Slide 26: Acquisitions significantly expand footprint
Acquisitions significantly expand footprint For personal use only New acquisitions Existing communities 16
Slide 27: Operating conditions improving
Operating conditions improving Artist impression – internal view clubhouse Growing certainty supporting For personal use only Ingenia Lifestyle Ballarat, VIC forecast growth Easing of travel restrictions end Oct/early November driving strong rebound in bookings • Revenue holdings per park up on FY21
Slide 28: High occupancy across rental communities
High occupancy across rental communities • New rental cabins and upgrades to facilities supporting high occupancy of 97% across For personal use only rental communities 18
Slide 29: Accelerating ESG program
Accelerating ESG program Creating a positive social impact is core to For personal use only the Group’s strategy • Focus on resident and guest health and well-being • Working with our communities and suppliers • Extending our charitable contributions • Additional support for our teams during COVID-1
Slide 30: Creating more sustainable communities
Creating more sustainable communities Preparing for first Green Star community – targeting 6 stars Battery storage at Hervey Bay – reducing energy costs and emissions For personal use only Ingenia Lifestyle Fullerton Cove, NSW Ingenia Lifestyle Hervey Bay, QLD First eco-friendly cabins now in place
Slide 31: Outlook
Outlook For personal use only Ingenia Lifestyle Lara, VIC 21
Slide 32: Disclaimer
Disclaimer For personal use only 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 Ingeni
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