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Ingenia, FY18 Results Presentation

HIGHLIGHTS

Financial

EBIT $48.8 million – up 52% on FY17
Underlying profit EPS 17.7 cents – up 36% on FY17
Revenue of $189.5 million – up 26% on FY17 Operating cash flow of $47.2 million – up 56% on FY17

Strategy

Non-core asset sales well progressed - $60 million contracted or completed
Over 7,000 income producing sites
Largest development pipeline in sector – over 3,240 sites secured (92% in metro and coastal locations)

Operations

Lifestyle and Holidays EBIT margin increased 370 basis points on FY17 to 39%
High occupancy across Ingenia Gardens portfolio – >92%

Development

New home settlements 287 exceeded upgraded guidance
All approvals in place for FY19 target of >350 settlements
Added 48 holiday and rental cabins in FY18 – immediately accretive in FY19


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