Lifestyle Communities Ltd · ASX:LIC
Lifestyle Communities — Shareholder Meeting (November 2010)
19 slides from Lifestyle Communities's shareholder meeting presentation, Nov 24, 2010
Slide 1: AGM Presentation November 2010
For personal use only AGM Presentation November 2010 I
Slide 2: Contents
Contents For personal use only 1. Financial Results 2. Market Conditions and Opportunity 3. Current Status 4. Outlook 5. Summary This document should be read with the Disclaimer at the end of the document Affordable Seniors Housing I
Slide 3: Highlights and Income growth
For personal use only Highlights Income growth $3,500,000 • Net Profit Before Tax: $7.6m $20,000,000 $3,000,000 • Net Profit After Tax: $5.3m • Gross revenues: $23.9m (up from $14.8m in the previous financial year) $2,500,000 $16,000,000 • Gross Management Revenue: $3.1m (up from $1.9m in the previo
Slide 4: Profit & Loss Highlights
Profit & Loss For personal use only Profit and Loss Highlights FY2010 FY2009 ($'000) ($'000) Revenue Unit sales 20,755 13,016 Management income 3,140 1,806 Net profit before tax and significant items 7,641 4,110 Significant items ‐ (3,077) Net profit before tax 7,641 1,032 Net profit after tax 5,297
Slide 5: Balance Sheet Highlights
Balance Sheet For personal use only Balance Sheet Highlights FY2010 FY2009 ($'000) ($'000) Investment properties 37,453 27,019 Total assets 60,332 49,476 Bank borrowings (22,830) (24,526) Loan to value ratio 37.8% 49.6% Total liabilities (32,848) (27,340) Net assets 27,484 22,136 NTA backing (cents)
Slide 6: Market Opportunities and Conditions
Market Opportunities and Conditions For personal use only Affordable Seniors Housing I
Slide 7: Key Market Drivers
Key Market Drivers For personal use only Housing affordability is a key issue for both the public and private sectors. • The median net worth of a single person over 65 years of age is $334,000 (ABS: 2005-06) • Percentage of single people that rely on pensions as their primary source of income: 77%
Slide 8: Key Market Drivers
Key Market Drivers For personal use only The big housing market themes are: • Affordability • The ageing population Lifestyle Communities market offering directly addresses these key market themes. Lifestyle Communities will continue to build on its established business and to grow the business. Ind
Slide 9: Senior's Housing Market Segmentation
Senior’s Housing Market Segmentation For personal use only • There are approximately 2.1 million people within households aged over 65 in the population • Over 47% (more than 700,000 people) are within Lifestyle Communities target market • Lifestyle’s penetration of the market is less than ½ of 1% S
Slide 10: Current Status
Current Status For personal use only * Data correct as at 11 November 2010 Affordable Seniors Housing I
Slide 11: Brookfield
Brookfield For personal use only November 2009 September 2010 Affordable Seniors Housing I
Slide 12: Warragul
Warragul For personal use only August 2008 September 2010 Affordable Seniors Housing I
Slide 13: Seasons
Seasons For personal use only November 2009 September 2010 Affordable Seniors Housing I
Slide 14: Outlook
Outlook For personal use only Net profit before tax and significant items • Debt and equity markets remain 8,000,000 tight and LIC will continue to 7,000,000 explore ways to intelligently fund future asset growth 6,000,000 • Aging population and housing 5,000,000 affordability will continue to be th
Slide 15: ESOP
ESOP For personal use only • ESOP has been established as a Long Term Incentive (LTI) for key staff and directors • Total number of options being offered to senior executives and directors is 12,750,000 options including: • Five (5) senior executives will participate in the ESOP • Five (5) directors
Slide 16: ESOP continued
ESOP continued… For personal use only • Additionally senior executives and directors have Short Term Incentives (STI’s) in place to ensure the focus by key executives and directors remains on adding value to the business and shareholder value Affordable Seniors Housing I
Slide 17: Summary
Summary For personal use only • FY2010 key financial highlights: Net profit before tax $7.6m (FY2009: $1.0m) Net tangible assets $27.5m (FY2009: $22.1m) Net operating cash flows $2.3m (FY2009: deficit of $5.4m) • Status of existing communities (correct at 15th November 2010): Melton: 98% of
Slide 18: Commercial in confidence
For personal use only Commercial in confidence I
Slide 19: Disclaimer
For personal use only Disclaimer While every effort is made to provide accurate and complete information, Lifestyle Communities Limited does not warrant or represent that the information in this presentation is free from errors or omissions or is suitable for your intended use. Subject to any terms
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