Ingenia Communities Group · ASX:INA
Ingenia Communities — Shareholder Meeting (November 2016)
26 slides from Ingenia Communities's shareholder meeting presentation, Nov 15, 2016
Slide 1: 2016 Annual General Meeting
For personal use only Ingenia Lifestyle Bethania, QLD INGENIA COMMUNITIES GROUP 2016 Annual General Meeting 15 November 2016
Slide 2: FY16 Achievements: Strategy
FY16 Achievements: Strategy For personal use only Expansion of cash yielding asset base Lifestyle Parks portfolio grown – six assets acquired or contracted Successful capital raising to fund growth Capital initiatives DRP in place Debt facility extended to $224 million Development underway in thirte
Slide 3: Distributions Continuing to Increase
Distributions Continuing to Increase Distributions (cents per security) For personal use only $0.06 Interim 15% growth Final $0.05 17% growth $0.04 15% growth 9.3 cps $0.03 8.1 cps $0.02 6.9 cps 6.0 cps $0.01 $- FY13 FY14 FY15 FY16 Page 3
Slide 4: For personal use only
For personal use only Page 4
Slide 5: The Future
The Future For personal use only Ingenia South West Rocks, NSW Page 5
Slide 6: Solid Base For Growth Established
Solid Base For Growth Established For personal use only NT 6 QLD SA 6 WA 33 NSW 10 VIC 31 RENTAL COMMUNITIES 29 LIFESTYLE AND HOLIDAY COMMUNITIES 5 TAS Page 6
Slide 7: Delivering on Strategy
Delivering on Strategy Acquired first Greenfields community For personal use only Grow exposure to lifestyle & Development underway at 13 communities with more soon to commence holiday communities Now own 29 communities with a further 6 under option or contract FY16 Underlying Profit from continuing
Slide 8: Business Overview
Business Overview Creating Australia’s best lifestyle communities For personal use only Ingenia has 4,000 Residents Portfolio now 60 Australian Communities & growing Over 3,100 occupied permanent homes $490 million 1,800 tourism sites 760 annuals NT $ Annual revenue $107 million 6 QLD Stable rent ba
Slide 9: Key Financials
Key Financials Strong operating earnings and cashflow For personal use only KEY FINANCIAL METRICS FY16 FY15 CHANGE • Statutory profit marginally Statutory profit $24.3m $25.7m (5.6%) down – tax benefit reducing as profit grows Revenue $107.1m $76.0m 40.9% Underlying profit – • Growth in underlying p
Slide 10: Purpose, Vision and Values
Purpose, Vision and Values Vision Our Values For personal use only Page 10
Slide 11: Portfolio Update
Portfolio Update For personal use only Ingenia Lifestyle Chain Valley Bay, NSW Page 11
Slide 12: Ingenia Settlers (DMF)
Ingenia Settlers (DMF) > Divestment of the majority of the DMF portfolio (5 assets) completed in October 2016 For personal use only • Forum Partners and Ingenia established separate vehicle • Ingenia to retain a 10% economic interest ($2.2 million net investment) • Exploring opportunities to divest
Slide 13: Ingenia Garden Villages and Ingenia Care
Ingenia Garden Villages and Ingenia Care Ingenia is the largest owner/operator of seniors rental accommodation in Australia For personal use only – 31 communities Occupancy and rent growth driving operational performance • Return stable on lower asset base (3 villages sold Jun-15) • Average rent inc
Slide 14: Ingenia Lifestyle and Holidays
Ingenia Lifestyle and Holidays For personal use only Size and growth in permanent rentals driving operational performance Current portfolio location • Average weekly site rent increased to $149 per week – up 2.7% (by value)1 over past 12 months Development profit building as number of projects, busi
Slide 15: Holiday and Short-term Accommodation
Holiday and Short-term Accommodation Aligned with Ingenia’s focus on affordable seniors living For personal use only Complementary business with significant upside 1. Tourism and short-term accommodation provides attractive cashflows, underpinned by strong repeat visitations, and > 620 cabins increa
Slide 16: Development Pipeline Expanded – Over 2,280 Potential New Home Sites
Development Pipeline Expanded – Over 2,280 Potential New Home Sites Targeting further strong growth in sales > Focus on large-scale, multi-year development projects in quality metro and coastal markets For personal use only > Supplemented by expansion and conversion of existing and targeted lifestyl
Slide 17: Building Sales Momentum
Building Sales Momentum On target to deliver 170+ settlements FY17 > As at 14 November 55 homes settled (year to date) with 58 exchanged contracts and 55 deposits on hand For personal use only > Average sale price of over $296,000 with average margin of over $105,000 (to 31 October) Contracts on Han
Slide 18: Recent Acquisitions
Recent Acquisitions For personal use only Avina Van Village – July 2015 Page 18
Slide 19: Avina Van Village, Sydney
Avina Van Village, Sydney DA lodged for 247 new homes For personal use only Page 19
Slide 20: Ingenia Lifestyle Bethania, Brisbane
Ingenia Lifestyle Bethania, Brisbane > Acquired July 2015 For personal use only > On acquisition - 54 homes and community facilities with approval for 76 homes Aerial – August 2015 Page 20
Slide 21: Ingenia Lifestyle Bethania, Brisbane
Ingenia Lifestyle Bethania, Brisbane For personal use only New roads and 25 new homes added Aerial – October 2016 Page 21
Slide 22: Ingenia Lifestyle Chambers Pines, Brisbane
Ingenia Lifestyle Chambers Pines, Brisbane > Acquired March 2015 For personal use only > Partially complete community of 204 homes/units and adjacent golf course Golf Course Immediate development opportunity Approved and serviced sites Aerial – March 2015 Page 22
Slide 23: Ingenia Lifestyle Chambers Pines, Brisbane
Ingenia Lifestyle Chambers Pines, Brisbane > DA secured for 256 new homes For personal use only > Development works now underway for new club house and first stage of 14 homes > Existing rental village of 118 units and a lifestyle community of 84 homes Aerial –November 2016 Page 23
Slide 24: Ingenia Holidays Lake Conjola
Ingenia Holidays Lake Conjola For personal use only > DA now lodged for 119 new homes on golf course land DA lodged for 119 new homes Page 24
Slide 25: Outlook
Outlook For personal use only ► Own, operate, develop and acquire a leading portfolio of rental, lifestyle and holiday communities ► Continue sales growth as new projects launch to achieve target of 170+ settlements for FY17 ► Divest remaining DMF assets to provide additional capital for reinvestmen
Slide 26: Disclaimer
Disclaimer For personal use only This presentation was prepared by Ingenia Communities Holdings Limited (ACN 154 The forward looking statements included in this presentation involve subjective 444 925) and Ingenia Communities RE Limited (ACN 154 464 990) as responsible judgment and analysis and are
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