Ingenia Communities Group · ASX:INA
Ingenia Communities — Morgans Queensland Conference 2013
20 slides from Ingenia Communities's conference presentation, Oct 11, 2013
Slide 1: Consolidating market leadership in Manufactured Home Estates
Ingenia Communities Group Morgans Queensland Conference For personal use only Simon Owen – Chief Executive Officer 11 October 2013 Consolidating market leadership in Manufactured Home Estates
Slide 2: Repositioned business delivering results
Repositioned business delivering results For personal use only FY13 results demonstrate improved performance Security price performance versus Index > Profit from continuing operations up 95% 175% TSR 1 year: 80.3% pa > Rental and MHE portfolios increased to 55% of portfolio (by value) 165% TSR 3 ye
Slide 3: Portfolio dominated by cash yielding assets
Portfolio dominated by cash yielding assets For personal use only Today, Ingenia has Australian 44 Deferred communities and growing Rental 29 villages Management Fee > 1,520 units 9 villages > In all States except > 950 units ACT and SA > WA, QLD and NSW > Significant organic > Five villages with gr
Slide 4: Clearly differentiated strategy
Clearly differentiated strategy Growing cash yielding asset base For personal use only Portfolio by value as at 30 June 2013 Portfolio by value Proforma position post Rental assets and MHEs 50% of portfolio Rights Issue Rental assets and MHEs 68% of portfolio1 NZ Students, 10% NZ Students, 16% Renta
Slide 5: MHE Strategy
MHE Strategy Abundance of accretive opportunities for Ingenia For personal use only Two years of research invested in assembling a proprietary database of over 2,000 Caravan and Tourist Parks and MHEs across the East Coast and WA p5
Slide 6: MHE strategy
MHE strategy For personal use only Strategy Progress Acquire and integrate a market leading On track for a portfolio of 15 MHEs in NSW portfolio of MHEs and Tourist Parks Well by early 2014 including a land bank of over 1. with a significant land bank and upside advanced 970 home sites potential Rep
Slide 7: MHE Competitive landscape
MHE Competitive landscape For personal use only Major Operators No. of parks Locations Strategy Discovery Holiday 4 in NSW Across Australia, Largest Parks portfolio, owned by private Parks 29 Total mostly in QLD, equity. Predominantly tourist and mining TAS and WA accommodation. Considering liquidit
Slide 8: Our MHE footprint across NSW
Our MHE footprint across NSW Eight more acquisitions to be announced by 1Q 2014 For personal use only Tweed Coast • Drifters Holiday Village, Kingscliff Central West NSW • Mudgee Tourist and Van Resort • Mudgee Valley Tourist Park Hunter/Newcastle • Ettalong Beach Holiday Village • The Grange Villag
Slide 9: MHE development
MHE development Investment cycle For personal use only Low-risk, capital light, accelerated development cycle • Off-site construction • Install home, add Resident • Identify vacant land • Home sold commences • Commence landscaping • Order 1-2 homes • Settlement funds payment of marketing • Ingenia i
Slide 10: DMF development
DMF development Investment cycle For personal use only Capital intensive, higher risk, prolonged development cycle • Commence • Conduct tender • On-site construction • Building handover commences DMF accrues marketing to secure process to appoint • Dwellings sold at typically 3% target pre- builder
Slide 11: Some of our recent MHE acquisitions
Some of our recent MHE acquisitions For personal use only Albury Citygate Mudgee Tourist Park Albury Citygate Mudgee Valley Mudgee Valley Drifters Holiday Village p11
Slide 12: Value enhancement strategies
Value enhancement strategies For personal use only Pre-loved home being removed New home in place New home on-site at The Grange p12
Slide 13: MHE pipeline generating value
MHE pipeline generating value Delivering on-strategy acquisitions at attractive returns For personal use only Funds from two successful raisings quickly deployed on accretive MHE acquisitions $30 million $93.0 million June institutional placement Sept Non-Renounceable Rights and Group debt and cash
Slide 14: Capital management
Capital management Strong earnings growth anticipated in the coming years For personal use only Target Sources of Operating Income in Sources of Operating the medium term (*indicative based on proposed acquisitions Income in FY13 announced) MHEs MHEs 3%1 60 – 70% Garden Villages 56% Rental Garden Se
Slide 15: Capital management
Capital management Further growth likely to be self-funded in the medium term For personal use only Funding Source Uses Rights Issue $61.7m Diagrams are illustrative – not to scale Funding Acquisition of a Increased ~$93.0m further 8 MHEs as Debt $47.5m announced with at facility the Rights Issue NZ
Slide 16: Ingenia Care Assist
Ingenia Care Assist Extracting more value from our rental portfolio For personal use only Ingenia Care Assist program aims to facilitate the delivery of government funded home care packages into our villages by working with approved external care providers > 291 residents departures in our rental vi
Slide 17: Outlook
Outlook For personal use only > Acquisitions – Due Diligence well advanced on pipeline of accretive MHE opportunities with recent Rights Issue capital expected to be fully allocated by 1Q 2014 > Invest in low risk expansion of DMF existing villages – Settlers Ridge Estate Stage 2 construction on tra
Slide 18: Board profile
Board profile For personal use only Directors bring strong industry expertise and professional experience to the Board Jim Hazel Robert Morrison Non-Executive Chairman Non-Executive Director Mr Hazel has had an extensive corporate Mr Morrison has extensive experience in career in both the banking an
Slide 19: Key Management
Key Management For personal use only Industry experienced management team Simon Owen Managing Director and Chief Executive Officer Simon joined Ingenia in November 2009 and has the overall responsibility for the strategic direction of the Group including operational, financial and capital management
Slide 20: Disclaimer
Disclaimer For personal use only This presentation was prepared by Ingenia Communities Holdings Limited (ACN 154 444 925) and Ingenia Communities RE Limited (ACN 154 565 990) as responsible entity for Ingenia Communities Fund (ARSN 107 459 576) and Ingenia Communities Management Trust (ARSN 122 928
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