Ingenia Communities Group (ASX:INA) 1H20 results presentation

Company Presentations

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Last Updated: 30/03/2020 3:57 PM

Ingenia Communities Group Limited (ASX:INA) Managing Director & CEO Simon Owen and CFO Scott Noble present the company's half year 2020 results.

Highlights:

Financial:

  • Revenue of $116.9 million – up 25% on 1H19
  • EBIT $32.2 million – up 40% on 1H19
  • Underlying EPS 10.7 cents – up 32% on 1H19

Operations:
  • Rental revenue continuing to grow – up 13% on 1H19 to $49.8 million
  • Continuing Ingenia Lifestyle margin expansion – up 110 basis points to 40.4%
  • Ingenia Holidays revenue up 14% on 1H19

Development:
  • Settled 140 new homes - up 22% on 1H19
  • Average home price up 16% to $420,000
  • Sector leading development pipeline –4,260 potential home sites owned or secured

Strategy:
  • Key strategic priority is positioning for scale and sector leadership
  • Rental base increased by 12% – now 8,290 sites generating stable cash flows
  • Considerable capital management optionality including Funds Management and development Joint Venture with Sun Communities

For more information, view the presentation with Managing Director & CEO Simon Owen and CFO Scott Noble.