Investor Presentation May 2023
Organic Growth Projects
US$
Organic initiatives include the build-out of inventory at existing
cemetery properties, remodeling of existing funeral homes,
construction of new stand-alone funeral homes and
construction of new funeral homes on cemeteries, referred to
as on-sites.
These projects unlock new sources of revenue for existing
businesses while increasing the useful life of Park Lawn's
existing portfolio.
Target IRR of over 20% on
expansion initiatives
Capital Deployment ($M)
2022 TTM Q1 2023
Maintenance CAPEX
$12.4
$12.2
Inventory Replenishment
$2.0
$2.7
$130.1
$14.4
Total Maintenance Capital
$14.4
$14.9
$128.5
$14.9
Development
$9.9
$9.1
Acquisitions
$93.9
$92.7
$103.8
$101.8
Total Growth Capital
$103.8
$101.8
Dividends Paid and
$11.9
$11.8
Accrued
$11.9
$11.8
Total Capital
$130.1 $128.5
2022
2023
Deployed
ΥΠΑΛ
Waco Memorial Funeral Home - Waco, Texas USA
This 10,000 square foot facility is located at Waco Memorial Park, making it the only
on-site in the market. Opened as of March 1, 2023.
Westminster Funeral & Visitation Centre - Toronto, Canada
This 32,100 square foot facility is the first on-site in our Canadian portfolio.
Opened August 2022
We are experiencing a considerable increase in demand for pre-need
interment/entombment arrangements as a result of the new construction.
Eternal Sunset Memorial Park & Cemetery - Lafayette
Township, New Jersey USA
After acquiring CMS - Mid Atlantic, Park Lawn acquired an additional 78 acres of
land in Lafayette Township, NJ for $3 million. Its proximity to New York City, one of
North America's most densely populated and diverse markets, makes Eternal Sunset
an important piece of the Park Lawn portfolio.
Since November 2018, over 18,000 new lots of inventory have been developed and
opened, with an additional 2,500 lots currently under development.
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