Equity Lifestyle Properties, Inc. · NYSE:ELS
Equity Lifestyle Properties — Investor Presentation (September 2016)
14 slides from Equity Lifestyle Properties's investor presentation, Sep 12, 2016
Slide 1: Equity LifeStyle Properties
Exhibit 99.1 ExhibitLifeStyle Equity 99.1 Properties
Slide 2: Our business
Ourbusiness One Unique Own Low Lease High-quality More Property Stable, Balance In 1 Story of maintenance the than developed the predictable business sheet land locations 80 100 nation’s for real properties flexibility properties more model sites estate costs/customer are in financial largest than r
Slide 3: Property Locations
Property WA WI WY NV 7 UT 16 4 AZ 11 TX MS FL 6 14 1 9 2 08SC 3NM MT 72NE 26 WV 411 8KS 2NY AL CO MO 3ME 414 OK IA RI 37 3MI GA NC DE IL OR KY ND 5AR Locations NH PA 6MD LA 4VT VA NJ MN TN 6ID6 46 CA IN OH SD 2 2 3 MA CT
Slide 4: Steady, Predictable Revenue Streams
Steady, Property/Site 203 72,500 187 73,300 Annuals Membership Property Transient Seasonal Annual (1) Note: Reports All 3 Property Annual manufactured/resort RV sites Predictable Right RV MH resorts Second 27,200 Operating 11,100 3.9% 10,900 5.4% Revenue 15.1% 68.6% revenue sites composition to Quar
Slide 5: Our Resort Customers
OurResort Customers Resort Recreational We Manufactured RV 4 Site offer seek Lifestyle cottages to a Cottage lifestyle own create vehicles Options homes Home (park thelong-term and units models) a they variety relationships place of product on ourwith sites options our customers to meet our customer
Slide 6: Favorable Customer Demographics
Favorable The Roughly U.S. 120,000 2016 Sum New MH RV Sources: Note: 5 Average population Average Population of Residents 2021 55-59 60-64 65-69 70-74 75+ 100,000 US 10,000 Customer 2026 age: Census age: of Over Baby 2031 55 80,000 59 people years 2014, Demographics years Age Boomers 60,000 age 55 A
Slide 7: Track Record of Total Return Performance
Track Item Properties Sites States Net FFO Normalized Common Enterprise Dividend Cumulative Note: midpoint (4) (5) 10-Year (+115%) (+111%) (+380%) 7/31/15 7/31/14 7/31/13 7/31/12 7/31/11 7/31/10 7/31/09 7/31/08 7/31/07 7/31/06 50.00 100.00 150.00 200.00 250.00 300.00 350.00 400.00 450.00 Years 10 --
Slide 8: Consistent Same Store NOI Outperformance
Same Consistent Outperformance positive NOI quarters at (1) Note: including classes, REIT ELS Apartments Industry 10% 3 7 3.0 3.9 3Q 1Q 2Q.2least Source 98Average 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16Growth growth has 9% Industry Store Q3 same since Average maintained 8% regional for
Slide 9: Comparison of ELS Same Store NOI Growth to Multifamily
Comparison ELS (1) Note: (2) Same 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 200 190 180 170 160 150 140 130 120 110 100 Multi-family 8 Source: compounded Store Citi NOI of Index ELS Investment Indexed Same (2) to Multifamily ELS Store Growth Research,
Slide 10: Capital Structure
Capital As Total $400 OPU’s Term Preferred (1) Note: 71.4% $7,014.8 Common(1) 19.2% $1,888.6 Debt(2) Mortgage (2) Debt Outstanding ‘16 Fully Year $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 9 Unsecured Secured of Stock Mortgage ‘17 to Maturity million enterprise Amortizing Loan(
Slide 11: Core Performance Update
Performance 199 Core(2) 186 Core (1) Note: (2) The (3) 10 Excludes Core Compared Manufactured RV Core occupancy community resort rental Resorts(1) occupancy Portfolio Portfolio income base joint Update to has rental the base venture isHome may of growth grown two defined 94% rental income change mon
Slide 12: Non-GAAP Financial Measures: FFO Reconciliation
SafeThe Under subject become supplement Non-GAAP Computation Net Income Right-to-use Depreciation Amortization Gain FFO Change Transaction Loss Normalized (1) Note: 11 Income income Harbor available from onthe and 2016 allocated in 2016 real Private fair early our and available costs to FFO Financia
Slide 13: Non-GAAP Financial Measures Definitions
Non-GAAP discussed (“FFO”), and measures do accordance cash computed joint Investment receive NAREIT over the defined items: extinguishment, necessarily companies 12 they Board cash believe needs, ventures. FROM do represent isand in GAAP, from This aperformance amortization, not use transaction FFO
Slide 14: Equity LifeStyle Properties contact
Equity Two 9/16 North LifeStyle Riverside Properties Plaza, Chicago, Illinois 60606 800-247-5279 | www.EquityLifeStyle.com
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