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Results Presentation Half year ended 31 December 2021
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Contents | Appendix | ||
Overview | 1 | A.1 Model of Living | 23 |
Operations Update | 7 | A.2 Growing Recurring Revenue | 24 |
Financial Results | 13 | A.3 Dividend Policy | 25 |
Outlook | 18 | A.4 Sales and Settlements | 26 |
Summary | 20 | A.5 Deferred Management Fees | 27 |
A.6 Cash Flow Analysis 1HFY22 | 28 | ||
A.7 Cash Flow Analysis 1HFY21 | 29 |
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1.1 Our story continues
2004 | 2012 |
Major capital raising of | |
Development of first community at | |
$36m to drive future growth | |
Brookfield. First homeowner | |
2021 | |
moves in June 2005 | |
Over 4,000 homeowners. | |
Acquire land for 25th community |
1 | 2 | 7 | 12 | 25 |
Community | Communities | Communities | Communities | Communities |
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2003 | |
Founders James Kelly, Dael | 2007 |
Perlov and Bruce Carter develop | |
Listed on the Australian Stock | |
the business plan | |
Exchange and acquire land for | |
the next two communities |
It's been a consistent strategy of delivering an amazing lifestyle to our homeowners and sustainable returns to our shareholders
2014
1,000th homeowner moves in and new home referral rates hits 30%
2016
2,000th homeowner moves in / 10th community clubhouse opens
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1.2 A business for purpose
An affordable housing option for Australians aged over 50
A sustainable financial model where
homeowners can prosper
An empowering and engaging customer
service offering that reimagines
traditional retirement
High quality resort-style facilities that exceed expectation and are actively maintained and refurbished
A sales approach that engages the customer to ensure they are making the right choice
Lifestyle Mt Duneed Clubhouse and bowling green
Financial Summary
1HFY22 | 1HFY21 |
($ Million) | ($ Million) |
1.3 Overview
Net profit after tax | $27.5 | $14.1 | 1HFY22 Results snapshot |
Total assets | $925.9 | $643.6 | |
Equity | $400.3 | $303.5 | |
Dividend | 4.5 cents per share | 3.0 cents per share | |
Net debt | $273.5 | $173.4 | |
Net debt to net debt plus equity | 40.6% | 36.4% | |
Growing annuity income streams
only | $20.0M | Site Rental Fees | Deferred Management Fees | ||||||||||||||
PURPOSEuse | $16.0M | $4.7M | |||||||||||||||
$2.1M | |||||||||||||||||
$12.0M | $2.4M | ||||||||||||||||
$2.0M | |||||||||||||||||
$8.0M | $1.6M | $9.0M | $11.4M | $12.3M | $14.5M | ||||||||||||
personalLIFESTYLE COMMUNITIES A BUSINESS FOR | $4.0M | $7.3M | |||||||||||||||
$0.0M | |||||||||||||||||
1HFY18 | 1HFY19 | 1HFY20 | 1HFY21 | 1HFY22 | |||||||||||||
Total number of | |||||||||||||||||
homes settled | 1,776 | 2,133 | 2,393 | 2,625 | 2,958 | ||||||||||||
(Cumulative) (1) | |||||||||||||||||
Number of | |||||||||||||||||
resales attracting | 34 | 26 | 30 | 32 | 68 | ||||||||||||
a DMF (2) | |||||||||||||||||
Notes | |||||||||||||||||
(1) Represents gross numbers not adjusted for joint venture interests | |||||||||||||||||
(2) Total resale settlements were 73, of which 68 attracted a DMF | |||||||||||||||||
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