Equity Lifestyle Properties, Inc. · NYSE:ELS
Equity Lifestyle Properties — Investor Presentation (September 2013)
16 slides from Equity Lifestyle Properties's investor presentation, Sep 9, 2013
Slide 1: Equity LifeStyle Properties
> Equity LifeStyle Properties
Slide 2: One of the nation's largest real estate networks
+ One of the nation’s largest real estate networks with 376 properties containing over 139,000 sites in 32 states and British Columbia + Unique business model Own the land Low maintenance costs/customer turnover costs Lease developed sites -High-quality real estate locations More than 80 properties
Slide 3: vay
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Slide 4: Steady, Predictable Revenue Streams
Steady, Predictable Revenue Streams Property Cperating +Property/Site composition +202 manufacturediresort horne communities +174 RV resorts. 100 Membership sites 24,100
Slide 5: Customers own the units they place on our sites
- Customers own the units they place on our sites Manufactured homes + Resort cottages (park models) + Recreational vehicles -We offer a lifestyle and a variety of product options to meet our customers’ needs We seek to create long-term relationships with our customers
Slide 6: Aging population and RV owners
id older is 1o09600,000 sn0000 Population Over Age 55 (in millions) 26% 2030. RV Owners + 8M - 9M RV owners + Over 200K RV sales in 2012 “Average of 42K RV within 100 mies ‘ofeach ELS sort ci
Slide 7: Track Record
Track Record tem IPO Year- 1993 2013 Properties 376 Sites noe 98.964 States 6 FO Per Share! $04 $2.08 Normalized FRO PerShare® $047 $258 Common Stock Price” 56. Value®! $296 million 5.sbilion Dividend Paid Cumulative 515.97 (Cumulative Total Return’) = 1.290% ‘SRP 500 Total Return? - 453% '5 Year -
Slide 8: Consistent Same Store NOI Growth
Consistent Same Store NOI Growth and @3 1998-02 2013 ‘Same Store NOL Averages: ELS 24s Apartments 2.63 ELS has maintained iti st NOI growth in all quarters since at least 03 ‘98
Slide 9: ELS vs. Multifamily
ELS vs. Multifamily Same Store NOI Indexed Growth” ELS compounded Same Store Same Store NOI Indexed Growth NOI growth rates significantly outperformed the REIT Multifamily industry since 1999
Slide 10: FFO/Share and Total Return: 2002-2012
FFO/Share and Total Return: 2002-2012 (I) ELS vs. Multifamily FFO/Share and Total Return While ELS and SNL Multifamily Index have had similar total returns, ELS has far outpaced Multifamily Index in FFO/share rowth, FFO Multiples ELS Multifamily 001) 12.9% 10K 16.9x 18.2% 4.8 1996 2002-2011" 2012
Slide 11: Capital Structure
0PU's $266, 9% i Term Loan $200.0, 25% Capital Structure Preferred $136.1, 25% {As of August 30, 2019 nmlons) + Total enterprise value is $5.5 billion -Debt to enterprise value is 40.0% +$380 million available line of credit
Slide 12: 2013 Refinancing
2013 Refinancing” Debt Maturity Comparison $430 million secured debt se00000 + 4.47% weighted average on. fixed rate i + Approximately g soo 18-year weighted 3 z + Defease $295 million ¥ 200000 of 2015 debt and $17 3 million of 2014 debt © ane alll HH ll iF Al Ti Postatnancng Ml PreRetinencng
Slide 13: Performance Update
Performance Update + 198 Manufactured Home +173 RV Resorts” Communities” »Core resort income growth for the *Core® occupancy of 91.6% seven months ended 7/31/18 is and up 100 sites since 12/81/12 44% » Core occupancy has grown 15 Annual growth rate for the seven consecutive quarters through months e
Slide 14: Safe Harbor Statement
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1985: The fo Ure te Reus Fick Fao in our 2012 Annual Report on Form 10K and our Quart Report on Fox 10-0 forthe 3. See For We assuma Pe obligation upc or spur forwatcooking statements that bacoma untrue because o subsequent
Slide 15: FFO definitions and non-GAAP notes
GAAP 5104s rom cperatens (7707 anon GAAP franca negayo. We bao FFO. ab danas byte Boar of Governor ot the sora of lal Esa Investment Tats (NAFEIT) is goneraly an appropriie measure of periormance Financial sneaiy et ume fro iG. lar and wie Used mast fcporaing prince eau ts tdoes ot Measures © inacae
Slide 16: Equity LifeStyle Properties
Equity LifeStyle Properties Two NortH RIVERSIDE PLAZA, CHICAGO, ILLINOIS 60606 800-247-5279 | WWW.EQUITYLIFESTYLE.COM
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