Lifestyle Communities : Half-Year Results Presentation

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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

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$20.0M

Site Rental Fees

Deferred Management Fees

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$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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