INVESTOR DAY PRESENTATION

JUNE 2022

PARK HOLIDAYS - INVESTOR DAY AGENDA

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Overview and Rationale

SEAVIEW - WHITSTABLE, KENT

Business Overview

STEEPLE BAY - SOUTHMINSTER, ESSEX

Why Park Holidays

WOOD FARM - CHARMOUTH, DORSET

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1 OVERVIEW AND RATIONALE

ACQUISITION

In April 2022, Sun Acquired Park Holidays UK for £950mm

  • 2nd Largest UK Holiday Park Owner and Operator:
    • 42 communities(1), comprising ~15,900 sites
    • Irreplaceable portfolio of high-quality,well-located and highly-amenitized parks, predominantly in seaside communities throughout the affluent South of England
    • Strong brand equity in addition to proven value creation capabilities

Business Model Nearly Identical to Sun's Resilient Manufactured Housing Platform

  • Majority of sites owner-occupied on 20+ year licenses with annual rent increases
  • Average customer tenure of 7+ years
  • Remaining sites comprise its holiday rental fleet, which feeds home sales as approximately 80% of holiday home buyers have stayed on a holiday park before

Substantial Opportunity to Continue Organic and External Growth

  • Market revenue growth is supported by a continued structural shift in UK demand towards domestic holidays (Brexit impact)
  • Numerous barriers to entry including strict regulatory environment, scarcity of desirable land and benefits of scale
  • Opportunity to increase rental rates and convert holiday rental fleet to owner-occupied
  • Ability to expand existing communities and to consolidate fragmented UK market

Long Tenured Management Team

  • Highly experienced team with significant industry knowledge, relationships and operational expertise
  • Senior management team rolled £25mm of equity into SUI common stock

MARLIE - NEW ROMNEY, KENT

CHICHESTER LAKESIDE - CHICHESTER, SUSSEX

Source: Company information. Refer to Sun Communities, Inc. Form 10-Q and Supplemental for the quarter ended March 31, 2022, as well as Press Releases and SEC Filings

after March 31, 2022, for additional information. Refer to information regarding non-GAAP financial measures in the attached Appendix

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(1) Includes two communities managed on behalf of third parties

LOOK AND FEEL LIKE SUN'S MH AND RV PROPERTIES

  • Nearly identical business model to Sun's
  • Recurring "sticky" fee paid for land use and park maintenance by all owners
  • Ability to generate revenue throughout the life of a home

BUENA VISTA - BUCKEYE, ARIZONA

ALLENDALE MEADOWS - ALLENDALE,

HARTS - ISLE OF SHEPPEY, KENT

ALBERTA- WHISTABLE, KENT

MICHIGAN

SUN OUTDOORS ORANGE BEACH -

SUN OUTDOORS SARASOTA -

SEAWICK - NR CLACTON-ON-SEA,

COGHURST HALL - HASTINGS, SUSSEX

ORANGE BEACH, ALABAMA

SARASOTA, FLORIDA

ESSEX

Source: Company websites

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Sun Communities Inc. published this content on 20 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 June 2022 20:53:01 UTC.