Equity Lifestyle Properties, Inc. · NYSE:ELS
Equity Lifestyle Properties — Investor Presentation (February 2013)
12 slides from Equity Lifestyle Properties's investor presentation, Feb 26, 2013
Slide 1: Equity LifeStyle Properties
Exhibit 99.1 ELS Equity LifeStyle Properties
Slide 2: Our Story
OUR Own Low Lease >80 >100 Property 1•Balance ELS One Unique High-quality Stable, In business properties maintenance the properties STORY of developed Sheet the Predictable land locations business nation’s for Flexibility real with within more sites costs/customer model are in estate lake, Financial
Slide 3: Property Locations
NDLouis MT OR ME Portland WA Seattle LOCATIONS PROPERTY NY WI SD Boise Boston Minneapolis WY ID Detroit Milwaukee NV MA MI CA Salt CT PA Chicago IA NE UT RI NJ OH IL CO Sacramento Philadelphia IN Indianapolis Denver Baltimore Las DE St KS Richmond Louisville Los KY MO AZ MD Charlotte TN Albuquerque
Slide 4: Steady, Predictable Property Revenue Streams
STEADY, •75,600 67,100 Annuals Membership 1) Note: as REVENUE PROPERTY Seasonal Transient Annual 3All ELS Property/Site 209 174 Property set Annual manufactured/resort RV forth sites Right RV MH 22,700 9,400 3.1% resorts 10,900 3.8% PREDICTABLE in Revenue 13.1% revenue STREAMS BUCKETS(1) 71.4% sites
Slide 5: Our Customers
OUR Resort •Recreational Manufactured 4RV ELS We Customers Resort Site offer seek CUSTOMERS cottages to aCottage lifestyle own create Vehicles homes Home (park thelong-term and units models) a they variety relationships place of product on ourwith sites options our customers to meet our customers’ n
Slide 6: Favorable Customer Demographics
•FAVORABLE The U.S. RV 70-74 65-69 60-64 55-59 50-54 Ages 2025 2020 2015 2010 20M 40M 60M 80M 100M 8M Over Average Owners Sources: Note: 5Resort ELS 80M Owners -population Population 9M 200K Baby within of University RV42K RV Boomers Owners CUSTOMER 100 sales of Over RVpeople miles of inAge Michigan
Slide 7: IPO Track Record
IPO Item RECORD TRACK FFO 32 16 States 142,682 12,312 Sites 383 41 Properties 2012 Common $4.62 $0.94 Enterprise $71.60 $12.88 $296 $5.9 $Dividend 1Cumulative 5-4S&P 10 Total Note: 3) 4) 5) Source: Notes: 1) 62) ELS 30.94 ,313% 00% Year-Total The Total See Enterprise Source: SNL Year Year-1993 billi
Slide 8: Consistent Same Store NOI Outperformance
SAME CONSISTENT NOI Same Q31998-Q32012(1) OUTPERFORMANCE Apartments 2.4% REITs 3.8% REIT Q3’98 Industry Apartment Average 1) Note: 7including ELSSource Average GROWTH has Industry Store STORE Apartment Average maintained regional forNOI Same (1) AND Averages: malls, Store positive shopping NOIsame d
Slide 9: Same Store FFO Multiples vs. Multifamily
SAME FFO 1996-2001 Multifamily 2002-2011 11.0x 12.9x Same 19.1x 14.8x 2012 18.2x 16.9x 1) Note: 2) 83) ELSSource: VS. compounded Multiples Store STORE MULTIFAMILY Citi SNL (3) NOIInvestment NOI Financial. Indexed Same INDEXED Store Growth Average Research, NOI GROWTH(1) FFO growth August Multiple ra
Slide 10: FFO/Share Growth vs. Multifamily and Total Return
FFO/SHARE While FFO/Share Source: Note: 1) 9Total ELS Growth VS. Return ELS SNL MULTIFAMILY in and assumes Financial, FFO/Share AND Total SNLTOTAL Multifamily Return: Return dividend asand ofRETURN (Indexed) Total 12/31/12. 2002-2012 reinvestment. Index Return have (1) assumes had similar initial to
Slide 11: Capital Structure
As STRUCTURE •CAPITAL OPU’s Term Preferred 1) Note: 38.7% $2,266.9 Debt 51.0% Mortgage $2,980.3 Common(1) ELS Total Debt $380 Stock of Loan January to million enterprise $266.9, price enterprise $136.1, $200.0, 31, as available 4.6% of value 2.3% 2013 3.4% value 1/31/2013. (1) (In line isis $US 42.2
Slide 12: Safe Harbor Statement and Non-GAAP Financial Measures
SAFE Under STATEMENT and to NON Funds MEASURES FINANCIAL generally income The adjustments refundable Although calculation amortization comparisons deferral activities comparable not accordance indicative Computation Net 2013(1) 2012 2011 2010 2009 Income 108.4 54.8 22.8 38.4 34.0 Series 9.7 5.1 3.1
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