Investor Presentaiton

Important notice and disclaimer This investor presentation ("Presentation") is dated 22 February 2024 and has been prepared by Lifestyle Communities Ltd (ABN 11 078 675 153) ("Lifestyle Communities"). By attending an investor presentation or briefing, or accepting, accessing or reviewing this Presentation, you acknowledge and agree to the terms set out below. This Presentation has been prepared in relation to a pro-rata accelerated non-renounceable entitlement offer of new Lifestyle Communities ordinary shares ("New Shares"), to be made to: · eligible institutional shareholders of Lifestyle Communities ("Institutional Entitlement Offer"); and • eligible retail shareholders of Lifestyle Communities ("Retail Entitlement Offer"), under sections 708AA and 708A(12A) of the Corporations Act 2001 (Cth) ("Corporations Act") as modified by ASIC Corporations (Non-Traditional Rights Issues) Instrument 2016/84 and ASIC Corporations (Disregarding Technical Relief) Instrument 2016/73 (together, the "Entitlement Offer"). The proceeds from the Entitlement Offer will be used to provide balance sheet flexibility to fund strategic growth initiatives, including 5 identified land acquisition opportunities, which if executed are expected to underpin LIC's future earnings growth. See slide 15 for further details on the identified land acquisition opportunities, including the status of those opportunities. There is no guarantee those opportunities will result in acquisitions. SUMMARY INFORMATION The material in this Presentation is for information purposes only and is current as at 22 February 2024. It is information of a general nature given in summary form and does not purport to be complete. It does not purport to contain all of the information that an investor should consider when making a decision on whether to participate in the Entitlement Offer nor does it contain all the information which would be required in a product disclosure statement, prospectus or other offering document under Australian law or under the laws of any other jurisdiction. It should be read in conjunction with Lifestyle Communities' periodic and continuous disclosure announcements lodged with the Australian Securities Exchange ("ASX"), which are available at www.asx.com.au. No member of Lifestyle Communities gives any representations or warranties in relation to the statements or information in this Presentation. The information in this Presentation remains subject to change without notice. Lifestyle Communities reserves the right to withdraw or vary the timetable for the Retail Entitlement Offer and/or Institutional Entitlement Offer without notice. NOT FINANCIAL ADVICE This Presentation is not intended to be and should not be relied upon as advice or as a recommendation to Lifestyle Communities shareholders or potential investors and does not take into account the investment objectives, financial situation or needs of any particular investor. These should be considered, with or without professional advice when deciding whether to participate in the Entitlement Offer. This Presentation does not constitute financial product advice. Cooling off rights do not apply to an investment in New Shares. NOT AN OFFER This Presentation is not and should not be considered an offer or an invitation to acquire New Shares or any other financial products. Each recipient of this Presentation should make their own enquiries and investigations regarding all information included in this Presentation, including the assumptions, uncertainties and contingencies which may affect Lifestyle Communities' future operations and the values and the impact that future outcomes may have on Lifestyle Communities. The retail information booklet for the Retail Entitlement Offer will be available to eligible retail shareholders following its lodgement with the ASX. Any eligible retail shareholder who wishes to participate in the Retail Entitlement Offer should consider the retail information booklet in deciding whether to apply under the Retail Entitlement Offer. Any eligible retail shareholder who wishes to apply for New Shares under the Retail Entitlement Offer will need to apply in accordance with the instructions contained in the retail information booklet and the entitlement and application form or follow the sale instructions in the retail information booklet. FINANCIAL INFORMATION All figures in this Presentation are in Australian dollars (unless stated otherwise or the context requires otherwise). This Presentation includes certain pro forma financial and other information. The pro forma financial information provided in this Presentation is for illustrative purposes only and is not represented as being indicative of Lifestyle Communities' views on its, nor anyone else's, future financial position and/or performance. The pro forma financial information has been prepared by Lifestyle Communities in accordance with the measurement and recognition principles, but not the disclosure requirements prescribed by the Australian Accounting Standards. A number of figures, amounts, percentages, estimates, calculations of value and fractions in this Presentation are subject to the effect of rounding. Accordingly, the actual calculation of these figures may differ from the figures set out in this Presentation. In addition, the pro forma information in this Presentation does not purport to be in compliance with Article 11 of Regulation S-X of the rules and regulations of the U.S. Securities Exchange Commission, and such information does not purport to comply with Article 3-05 of Regulation S-X. Investors should be aware that the financial data in this Presentation includes (i) "non-IFRS financial information" under ASIC Regulatory Guide 230 "Disclosing non-IFRS financial information" published by ASIC and (ii) "non-GAAP financial measures" within the meaning of Regulation G under the U.S. Securities Exchange Act of 1934. These measures include net debt, net debt to assets less unsettled land, annuity revenue, and operating earnings per share. Lifestyle Communities believes that this non-IFRS/non-GAAP financial information provides useful information to users in measuring the financial performance of Lifestyle Communities. The non- IFRS financial information does not have a standardised meaning prescribed by Australian Accounting Standards and, therefore, may not be comparable to similarly titled measures presented by other entities, nor should they be construed as an alternative to other financial measures determined in accordance with Australian Accounting Standards. Investors are cautioned, therefore, not to place undue reliance on any non-IFRS/non-GAAP financial information and ratios included in this Presentation. PAST PERFORMANCE Past performance, including the pro forma historical financial information in this Presentation, is given for illustrative purposes only and should not be relied on and is not an indication of future performance. Historical information in this Presentation relating to Lifestyle Communities is information that has been released to the market. INVESTMENT RISKS An investment in Lifestyle Communities is subject to investment risks and other known and unknown risks, some of which are beyond the control of Lifestyle Communities. Investors should have regard to (among other things) the risk factors outlined in this Presentation when making their investment decision. FORWARD-LOOKING STATEMENTS This Presentation contains certain "forward-looking statements". These forward-looking statements are based on the opinions, expectations, and beliefs of Lifestyle Communities' management as well as reasonable assumptions made by and information currently available to Lifestyle Communities' management, and speak only as of the date of this Presentation. All statements other than statements of historical facts included in this Presentation, including statements regarding Lifestyle Communities' forecasts, business strategy, plans and objectives, are forward-looking statements. In addition, when used in this Presentation, the words "forecast", "estimate", "expect", "anticipated" and similar expressions are intended to identify forward-looking statements. Such statements are subject to significant assumptions, risks and uncertainties, many of which are outside the control of Lifestyle Communities and are not reliably predictable, which could cause actual results to differ materially, in terms of quantum and timing, from those described in this Presentation. Investors are cautioned not to place undue reliance on forward-looking statements Lifestyle Communities - Equity Raising Presentation - February 2024 2