Guidance exceeded, supported by strong sales result
STRATEGY
largest contributor to earnings
Portfolio refined in line with strategy - non core assets divested, lifestyle now
33 lifestyle and holiday communities - a further four under contract or option
Over 2,470 development sites secured (90% in metro and coastal locations)
FINANCIAL
EBIT $32.1 million - above guidance and up 32.6% on FY16
Strong operating cashflows of $30.3 million - up 44.3% on FY16
Revenue of $149.9 million - up 40.0% on FY16
Strong balance sheet - LVR of 28%
OPERATIONS
Lifestyle and holidays rental revenue up 35.1% on FY16
Record occupancy across Ingenia Gardens portfolio - 92.8%
DEVELOPMENT
Record 211 new home settlements - up 97.2% on FY16
Development now underway in 12 communities - two more to follow FY18
3
A five year story
Delivering growth with significant embedded value
EBIT (Continuing Operations) Income Generating Sites
35
30
25
$m
20
15
10
5 8.9
0
12.1
18.1
24.2
32.1
8,000
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0
1,750
3,932
4,435
5,337
6,843
FY13 FY14 FY15 FY16 FY17
FY13 FY14 FY15 FY16 FY17
250
200
New Home Settlements Ingenia Gardens Occupancy (%)
94.0
92.0
150
100
50
0
012
107
107
52
52
211
211
90.0
88.0
86.0
84.0
82.0
80.0
85.1 84.6
90.7 90.7
92.8
FY13 FY14 FY15 FY16 FY17
FY13 FY14 FY15 FY16 FY17
4
Ingenia Communities Group published this content on 22 August 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 21 August 2017 23:37:06 UTC.
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Ingenia Communities Group is a property development company. It owns, operates, and develops a portfolio of lifestyle and holiday communities across key urban and coastal markets. It operates in five segments: Lifestyle Development; Lifestyle Rental; Ingenia Gardens; Ingenia Holidays; and Fuel, Food & Beverage Services. The Lifestyle Development segment comprises of the development and sale of lifestyle homes. The Lifestyle Rental segment comprises of long-term accommodation within lifestyle and rental communities. The Ingenia Gardens segment consists of rental villages. The Ingenia Holidays segment comprises of tourism and rental accommodation within holiday parks. The Fuel, Food & Beverage Services segment consists of the Companyâs investment in service station and food & beverage operations adjoined to Ingenia Holiday communities. Its subsidiaries include Bridge Street Trust, Browns Plains Road Trust, Casuarina Road Trust, Edinburgh Drive Trust, and Garden Villages Management Trust.