Ingenia Communities Group · ASX:INA
Ingenia Communities — Corporate Update (June 2023)
15 slides from Ingenia Communities's corporate update, Jun 8, 2023
Slide 1: Trading update and presentation
ASX / MEDIA RELEASE 8 June 2023 Trading update and presentation Ingenia Communities Group (ASX:INA) provides the following trading update and presentation. Authorised for lodgement by the Board. ENDS For further information please contact: Donna Byrne General Manager Investor Relations & Sustainabil
Slide 2: Ingenia Lifestyle Natura (Bobs Farm), NSW
Ingenia Lifestyle Natura (Bobs Farm), NSW
Slide 3: Overview
Overview On track to deliver FY23 guidance ¨ Growth in EBIT of 0-10% on FY22 and underlying EPS of 19.1cps to 21.5 cps Residential rental and holidays continue to outperform Improvement in development programs ¨ Construction gaining momentum – 18 communities now in development ¨ Pipeline – 6,000 pot
Slide 4: Residential communities
Ingenia Lifestyle Hervey Bay, QLD Residential communities Ingenia Lifestyle, Ingenia Rental and Ingenia Gardens now total over 7,000 rent generating sites Cashflows supported by government payments and CPI linked rents Communities meet growing demand for housing affordability and ageing population L
Slide 5: Rental communities
Rental communities Benefitting from heightened demand and lack of affordable rental homes in key markets Ingenia has the potential to add additional homes to existing Ingenia Rental (all age) communities to expand rent base and meet demand ¨ Current occupancy at 99% ¨ Expect to add ~70 new homes FY2
Slide 6: Land lease communities
Land lease communities In place rents growing as portfolio benefits from CPI linked growth Communities remain fully occupied with strong rent collection Ongoing demand for new and existing communities - settlements increasing as new homes reach completion ¨ Time on market elevated in key markets - c
Slide 7: Development pipeline – 6,000 sites
Development pipeline – 6,000 sites Work has commenced at Fullerton Cove, Newcastle, approximately 170km north of Sydney The 122-home sustainable community is targeting a 6-Star Green Star – Communities rating Work has commenced on the 600-home community at Morisset, approximately 120km north of Sydn
Slide 8: Planned expansion of established Plantations community on mid north coast NSW
Planned expansion of established Plantations community on mid north coast NSW Woolgoolga (mid north coast, NSW) Expansion site A 10-hectare land parcel has been acquired adjacent to 190 home Ingenia Lifestyle Plantations community (sold down in 2022) Existing 190 home community The site has potentia
Slide 9: Holidays
Ingenia Holidays Cairns Coconut, QLD Holidays Holiday parks and mixed-use No. communities1 38 communities provide diverse accommodation options and revenue streams No. tourism sites 4,500 Holiday accommodation includes cabins, glamping tents, airstream caravans and traditional caravan and camp sites
Slide 10: Ingenia Holidays
Ingenia Holidays Domestic Overnight Trips 140 40% 30% 120 20% 100 10% 80 0% 60 -10% Tropical -20% 40 -30% 20 -40% 0 -50% 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Nights (M) LHS YoY Change - RHS Ingenia Holiday Parks benefitting from buoyant demand Over 2022 Car
Slide 11: Ingenia Holidays
Ingenia Holidays Ongoing demand for domestic travel supporting strong performance Tourism rental income up ~15% (Q3FY23 vs Q3FY22) reflecting acquisitions, rate growth and strong trading conditions ¨ Portfolio metrics remain strong • Q3 occupancy 58% (vs 54% Q3 22) • Average daily rate (Q3) $133 per
Slide 12: Capital management
Capital management Capital recycling program underway Balance sheet capacity maintained ¨ Divestment of three communities completed 1H23, releasing $16 million ¨ Pro forma 31 December 2022 LVR (post announced transactions) at 32% ¨ Exchanged contracts to divest Ingenia Lifestyle Lake Munmorah (NSW ¨
Slide 13: Outlook: FY23 guidance maintained
Outlook: FY23 guidance maintained Strategy remains intact - macroeconomic environment creates short term uncertainty Stable rent generating Core businesses FY23 guidance: residential communities Asset recycling and Exposure to seniors delivering growth, Growth in EBIT of provide a significant balanc
Slide 14: Ingenia Communities Group
Merry Beach, NSW Ingenia Communities Group Donna Byrne Karen Landy Level 3, 88 Cumberland Street, GM Investor Relations and Sustainability Chief Financial Officer (Acting) Sydney, NSW 2000 Tel: +61 2 8263 0507 Tel: +61 2 8263 0504 www.ingeniacommunities.com.au dbyrne@ingeniacommunities.com.au klandy
Slide 15: Disclaimer
Disclaimer This presentation was prepared by Ingenia Communities Holdings Limited (ACN 154 444 925) The forward looking statements included in this presentation involve subjective judgment and and Ingenia Communities RE Limited (ACN 154 464 990) as responsible entity for Ingenia analysis and are sub
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