Equity Lifestyle Properties, Inc. · NYSE:ELS
Equity Lifestyle Properties — Investor Presentation (November 2011)
15 slides from Equity Lifestyle Properties's investor presentation, Nov 15, 2011
Slide 1: Equity LifeStyle Properties Investor Presentation
Exhibit 99.1 Equity LifeStyle Properties ELS Investor Presentation November 15, 2011
Slide 2: Forward-Looking Statements
Equity 1995. otherwise, statements numerous of respect and as financing manufactured regarding favorable Properties looking changes information, sites well 2012 When LifeStyle as to by statements inestimated terms and the Properties by assumptions, under customers are regarding circumstances. used,
Slide 3: ELS Overview
ELS Equity British properties annual 72,100 2011.3 basis Columbia manufactured owned LifeStyle ELS’sor ELS rent under home Properties has position contract asites. unique is ELS Asprime 76,600 business described Overview Over manufactured model on 1,000,000 One page ELS of 11, the owns or customer E
Slide 4: ELS Property Product
ELSProperty (1) Product page Equity 11 for Flexibility aLifeStyle locations discussion Own, Properties areofrent, strongly ourflexible 2011 ELS correlated Acquisition. Key use Value or with rightDrivers ELS population to use Well 4 (1)Includes migration Located Real properties LongEstate Term curren
Slide 5: ELS Real Estate: growth areas and high barriers to entry
Equity LifeStyle growth areas HighProperties barriers to Real entry Estate Retirement Primaryand investment vacation isdestinations land/appreciating Asset scarcity component 5 ELS of real estate Lower maintenance costs/customer turnover costs High quality real estate Major metros/high
Slide 6: ELS LifeStyle University
Equity LifeStyle University Volunteerism Properties Consider ELS LifeStyle Others, fund and Activities raising ELS 6 Recreation Golf, softball, fishing, tennis, swimming, shuffleboard Arts Concerts, shows, art fairs, crafts Education Seminars, One Day
Slide 7: Customer Relationship and Demographics
Equity Multi-Phase Population 1) Sources: LifeStyle Over U.S. Relationship Age Census Properties of 55 Bureau, Camping (in Customer millions)102030405060708020102015202070 2008. RVDemographics ELS Cottage ResortLifestyle Home Flexible focus Amenities use to multi-use to/ 7465 socialto/activities loc
Slide 8: Housing Opportunity
Equity LifeStyle housing Opportunity Properties for occupancy Management increases Focus8 in Michigan Rental unit Financial activityflexibility increase Decline ELS in new home sales Increased capital investment 2011 Acquisition Properties increases exposure to affordable
Slide 9: Consistent Same Store NOI Growth vs REIT Industry
Equity3.0%3.5%4.0%4.5%5.0% across consistently 2.5% 1Q03 1Q11 2Q11 2Q03 aLifeStyle variety 3Q11 3Q03 outperformed ofProperties REIT 4Q03 asset classes, Industry 1Q04 the 9 Consistent REIT 2Q04 5.5%6.0% including (1) industry ELS 3Q04 Same Industry regional 4Q04 6.5%7.0%7.5%8.0%8.5% and Store 1Q05 ha
Slide 10: 2011 Acquisition Overview
Equity LifeStyle Properties 10 2011 Acquisition Overview ELS
Slide 11: 2011 Acquisition Overview and Financing
Equity $1.43 weighted by common notice the financing thatmanufactured incurrence webillion or, LifeStyle closed stock average at the an purchase of on and interest Company’s Properties homes. new September maturity shares is redeemable debt price rate Please ofincluding ofof 2011 option, isSeries 15
Slide 12: Significant Overlap in Core Geographies
Equity LifeStyle Properties 12 Significant Overlap in Core Geographies ELS Communities Acquisition Communities ELS
Slide 13: Preliminary 2012 Guidance - Selected Financial Data
Equityour current resort changes;(vi) (viii) sites; LifeStyle guidance ability (iii) our scheduled to ability Properties assumptions. integrate to retain or2012 and implemented Factors operate and Preliminary attract impacting therate customers Acquisition Guidance increases 2012 renewing guidance -
Slide 14: Preliminary 2012 Guidance - Footnotes
Equity likely Net operations assurances actual Income outcome. income LifeStyle in that and 2011 could our Actual Net Properties of estimates differ Income $282. FFO,materially 2012 4pershare FFO will million Preliminary reflect pershare, from multiplied could actual expected vary Guidance timing. b
Slide 15: Non-GAAP Financial Measures and FFO Definition
Equity Governors measure indicators properties, ventures non-refundable nonrefundable investors losses performance of investing NAREIT, differently be accordance right-to-use considered from LifeStyle of are as activities which in than of plus operating with sales one calculated evaluating between t
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