Lifestyle Communities Ltd · ASX:LIC
Lifestyle Communities — Shareholder Meeting (November 2019)
13 slides from Lifestyle Communities's shareholder meeting presentation, Nov 18, 2019
Slide 1: A Business for Purpose
A Business for Purpose Annual General Meeting 18 November 2019
Slide 2: Introduction from Chair
Section 1 Introduction from Chair Philippa Kelly 2 Aerial shot of the entry at Lifestyle Ocean Grove
Slide 3: Overview
Overview • A long-term business that is focused on the balance between a sustainable lifestyle for our homeowners and a growing return to our shareholders • Long term Director and Chair, Tim Poole, stepped down in August. Recruitment process is ongoing for a replacement Director who will also Chair
Slide 4: Presentation from Managing Director
Section 2 Presentation from Managing Director James Kelly Homeowners at Lifestyle Ocean Grove 4
Slide 5: FY19 Review
FY19 Review • Achieved 209 sales, 337 settlements, and 53 resales that attracted a Deferred Management Fee • Lifestyle welcomed our 3,000th homeowner • Acquired two additional sites located at Plumpton and Tyabb as well as acquiring additional land to expand our development at Wollert • Total portfo
Slide 6: FY20 Update
FY20 Update • 101 new sales, 78 settlements, and 37 resales that attracted a Deferred Management Fee (up to 14 November) • Settlements weighted to the second half due to commencement of settlements for Mount Duneed and Kaduna Park • Acquired a new site at St Leonards on the Bellarine Peninsula • Lif
Slide 7: Sales rates
Sales rates The higher the sales rate, the faster capital is recycled to undertake more communities Sales profile from date of first sale • Sales rates continue to be driven by homeowner referral, brand awareness and sales team training 250 • Market strategy focusing on the driver for downsizing and
Slide 8: Land Acquisitions & Development Update
Land Acquisitions & Development Update TYABB • Community construction completed • Planning permit delays impacted FY20 • Land contracts conditional on receiving sales and settlements a planning permit • Fully sold and will settle out in FY20 • Construction commenced in August • Planning permit appli
Slide 9: Portfolio Overview
Portfolio Overview 19 Communities in planning, development or under management Greatest growth opportunity Community Homes Settled remains in Victoria with low Brookfield at Melton 228 100% Seasons at Tarneit 136 100% saturation and accessible land Warragul 182 100% Casey Fields at Cranbourne 217 10
Slide 10: Simpson Art Prize
Lifestyle’s major art competition was named the Simpson Art Prize to celebrate Warren and Pauline Simpson who were the first homeowners to move into a Lifestyle community in 2005. Pauline still lives at Lifestyle Brookfield today • 10 Categories • 400 Entrants • Over 600 attended the final held at t
Slide 11: Summary
Summary • FY19 was a year of getting match fit for the next phase of growth • We continue to evolve our customer service and delivery of amazing experiences to our current and prospective homeowners • Constantly updating and adapting our product offering as the baby boomer becomes our primary custom
Slide 12: Important notice and disclaimer
Important notice • This Presentation contains general • Past performance information given in Such statements are subject to significant background information about Lifestyle this Presentation is given for illustrative assumptions, risks and uncertainties, and disclaimer Communities Limited (LIC) a
Slide 13: Lifestyle Communities Limited
LIFESTYLE COMMUNITIES LIMITED Level 1, 9-17 Raglan Street South Melbourne VIC 3205 Ph: (03) 9682 2249 www.lifestylecommunities.com.au LIFESTYLE COMMUNITIES LIMITED A BUSINESS FOR PURPOSE 13
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