Equity Lifestyle Properties, Inc. · NYSE:ELS
Equity Lifestyle Properties — Investor Presentation (November 2015)
15 slides from Equity Lifestyle Properties's investor presentation, Nov 16, 2015
Slide 1: Equity LifeStyle Properties
Exhibit 99.1 Equity LifeStyle Properties
Slide 2: Our business
Ourbusiness One uLease High-quality population Stable, 1In Story of the predictable developed nation’s migration for real more estate sites financial largest than uProperty locations 40 real performance years estate locations uMore networks than in andretirement 80 fundamentals with properties 387an
Slide 3: Property Locations
Property WA MN WI WY 7NV UT 416 AZ 11 TX MS 6FL 29114 07SC 3NM MT 72NE 26 WV 410 8KS 2NY AL CO MO 3ME 414 OK IA RI 337 MI GA NC DE IL OR KY ND 5AR Locations NH PA 6LA 4VT VA NJ TN 6ID6 46 CA IN OH SD 2 2 3 MA
Slide 4: Steady, Predictable Revenue
Steady,Predictable Revenue Property/Site •Right uAnnuals uSeasonal (1) Note: 68.7% 3(“ELS 202 185 Property home RV toReports Use Buckets(1) resorts 26,700 10,700 manufactured/resort revenue composition Third 7.5% Annual 14.9% Revenue buckets Quarter u72,300 uTransient RV Transient Streams reflect Re
Slide 5: Our Resort Customers
OurResort Customers We Manufactured 4RV Site offer Lifestyle a Cottage lifestyle own Options Home the and unitsa they variety place of product on our sites options uManufactured to meet our customers’ homes uResort needs cottages We seek(park to create models) long-term uRecreational relationships v
Slide 6: Favorable Customer Demographics
Favorable The U.S. 80,000 100,000 120,000 0260,000 20,000 40,000 Sources: Note: 015population Population 2020 New MH US Customer 2025 uAverage Residents Census of Over 2030 people 2014, Demographics Age age:age 55 Acxiom 62 55 (in years and thousands) 2014, RV older u Average Pew is expected Researc
Slide 7: Track Record and Total Return Performance
Track Item Properties Dividend Note: (4) 61(5) 10 -- --100 --50 Total (+2,479%) ELS 5/27/15 5/27/14 5/27/13 5/27/12 5/27/11 5/27/10 5/27/09 5/27/08 5/27/07 5/27/06 5/27/05 5/27/04 5/27/03 Source: Notes: (+945%) Equity REIT US SNL (1) (2) (3) 0-Year Years The Total See Source: SNL Stock (+250%) IPO U
Slide 8: Consistent positive Same Store NOI Growth
Consistent positive 3.8 98 3Q (1) Note: 7including 99 Source 1Q99 3Q ELS 00 regional 1Q for Same 00has Same 3Q 01Store same 1Q 01 malls, Store 02 3QNOI maintained 02 shopping 1Q NOI 03 Growth 3Q03 data: 1Q04 store centers, and 3Q Citi 04 1Q 3.1 0505 Outperformance Investment multifamily, 3Q NOI 061Q
Slide 9: Same Store NOI Growth Indexed Comparison
Comparison Growth Indexed Store Same NOI outperformed industry 160 ELS 100 110 120 130 140 (1) Note: 8Averages Source: growth compounded Index(2) since equal Citi rates ofthe Multi-family 1999. ELS annualized Investment REIT significantly Same to 150Multifamily Multifamily Store quarterly Index(2) R
Slide 10: Capital Structure
Capital As Total $400 OPU’s $300,000 Debt Mortgage Common(1) $100,000 2015 *Includes (1) Note: of Stock to $200,000 million ‘16 enterprise October $435.9, Structure enterprise ‘17 price Debt $200available ‘18 31, 5.5% as $150,000 $65. million value ‘19 of value 2015 5,098. October thousands) ‘20* is
Slide 11: Core Portfolio Performance Update
Performance 198 quarters 10/31/2015 (1) Note: (2) The Excludes Core Manufactured Corethrough Portfolio Portfolio isjoint Update 5.5%(3) 9/30/2015 venture isHome may defined change Communities(1) sites. 10/31/2015 as properties from time-to-time is 7.8%(3) acquired 184 RV depending uCore Resorts(1) p
Slide 12: 2016 Normalized FFO and Core NOI Guidance
Normalized 2016 (1) Note: Core 11 See NOI Guidance(1) dividend pages growth FFO 12 of and of $1.70 of$294.9 disclosed 4.0% 13per foruCore share million the in our reconciliation MH u13% guidance u $3.15—$3.25 rent increase growth furnished andover definition ofper 3.5% 2015 with fully uCore the u70%
Slide 13: Safe Harbor and FFO Reconciliation
SafeThe Under certain become expectations Non-GAAP Computation Net Income Depreciation place FFO Change Normalized (1) Note: 12 Income income Harbor available leases the Quarterly 2015 allocated in forPrivate fair the available to FFO Financial 28.5 Statement on on and offor FFO value untrue recent
Slide 14: Non-GAAP Financial Measures
Non-GAAP Funds appropriate defined and refundable Although FFO. contingent acquisitions; We estimated performance operating believe Normalized cases, Investors performance. the companies GAAP, cash 13 current define believe after flow we from nor that byadjustments should provide performance the gai
Slide 15: Equity LifeStyle Properties contact
Equity Two 11/15North LifeStyle Riverside Properties Plaza, Chicago, Illinois 60606 800-247-5279 | www.EquityLifeStyle.com
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