Investor Presentaiton
Positioning for the next phase of growth
• Existing portfolio has a concentration of projects settling over FY25-26
(with release of capital for re-investment post settlement)
•
Current market conditions give opportunity to buy additional land sites
(in addition to the 4 already purchased in FY24)
New land acquisitions are expected to provide the platform for LIC to
accelerate into its next phase of growth beyond the FY24-26 period
Settlement Profile of Communities in Development
Community
FY24 FY25 FY26 FY27
FY28+
St Leonards - The Waves
Wollert
Meridian
Bellarine
Home Settlements
6,000
5,000
Recycling
capital pool
Potential settlements
expected over FY24-26
4,000
3,193
3,000
2,792
2,537
2,284
1,947
2,000
1,626
1,348
1,146
906
1,000
695
0
Deanside
3,549
Woodlea
Riverfield
Phillip Island
Yarrawonga
Pakenham East (Ridgelea)
St Leonards - The Shores
Merrifield
Ocean Grove II
Warragul II
Clifton Springs
Clyde II
Inverloch
Identified acquisition
opportunities
Future projects as
capital is recycled
Represents typical
settlement rate
FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY26
Illustrative (1)
Represents tail of development
which is often a slower settlement rate
Majority of existing projects' expected settlements concentrated
in FY25-26, enabling recycling of capital into more projects
(1) Assuming the mid-point of the FY24-26 settlement guidance range (of 1,400 - 1,700 as disclosed in the 1H FY24 results presentation) is achieved. There is no guarantee that the settlements guidance will be achieved.
Please refer to the "Key Risks" section and the "Forward Looking Statements" section of the Important Notice and Disclaimer for further information.
Lifestyle Communities - Equity Raising Presentation - February 2024
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