INGENIA COMMUNITIES GROUP — Investor Presentation 2016

Jun 21, 2016

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MASTER PLAN
GRAPEVINES
3
2 1
17 18 19 11 12 13 RESTAURANT
10 6 RECEPTION
4 POOL
16 15 14 9 8 7
5
23 24 67 68 69 RESIDENTS PLAYGROUND
22 COMMUNITYBUILDING RESIDENTS BOOM GATE ENTRY/
21 20 66 65 64 ENTRY EXIT
93
70 71 72 73 74
96
28 29 60 61 62 63 94
27 55 97
95 87 86
26 25 59 58 57 56 75
98
88 85
76
99 GAZEBO
89 84
33 34 35 52 53 54 77
100
51 47 90 83
78
32 31 30 50 49 48 101
91 82
79
BBQ 102
92 81
80
103
36 37 38 39 40 41 42 43 44 45 46
GRAPEVINES
LEGEND
Stage 1 New Homes
Future Release
Tourism
JUMPING
CUSHION
SOLD
SOLD
SOLD SOLD SOLD
SOLD
SOLD
SOLD
GRAPEVINES
119
108 118
109 117
110 116
111
112
113
114
115
107
VISITORS PARKING
MOUNT VIEW ROAD
TOURISM FACILITIES
104 105 106
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The Company gives no warranty or makes any representations about the accuracy of the information or representations made. Dimensions are representative only of the designs and to be used as a guide only. The information is provided solely as general information and the final product may differ from what is displayed.28 INGENIA COMMUNITIES HUNTER REGION SITE VISIT JUNE 2016

ACTIVE LIFESTYLE ESTATES HUNTER VALLEY 137 Mount View Road, Cessnock NSW 2325

RESIDENCE 51 3 bedrooms – 1.5 bathrooms

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$295,000
For illustrative purposes only.
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RESIDENCE 51 FEATURES
• Enjoy a new home with
modern finishes
• Modern entertainer’s kitchen
DECK
• Separate laundry LIVING
• 3 bedrooms DINING
• 1.5 bathrooms
• Single carport
• Traditional entry deck
• Entertainment deck
• Built-in-robes KITCHEN
BEDROOM 3 /
• Open plan living STUDY
• Air conditioning to living and
dining areas WC LDRY
ROBE
BATHROOM
INTERNAL LIVING AREA 93.74m [2]
EXTERNAL LIVING AREA 19.85m [2]
CARPORT 18.0m [2]
TOTAL 131.59m [2]
CARPORT BEDROOM 2
BEDROOM 1
The information is provided solely as general information
and the final product may differ from what is displayed.
The fixtures, fittings and finishes displayed may include non-standard inclusions which may become unavailable and are subject to change, therefore the display may differ COVERED ENTRY
from the final product.
LINEN
ROBE
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ACTIVE LIFESTYLE ESTATES HUNTER VALLEY 137 Mount View Road, Cessnock NSW 2325 Tel 0408 295 737 | Email huntervalley@activelifestyleestates.com.au | www.liveinhuntervalley.com.au

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RESIDENCE 54
2 bedrooms + study – 1.5 bathrooms
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RESIDENCE 54 FEATURES

• Enjoy a new home with • Entertainment deck INTERNAL LIVING AREA 93.85m[2] modern finishes • Built-in-robes in all bedrooms EXTERNAL LIVING AREA 11.93m[2]

• • Modern entertainer’s kitchen • Open plan living CARPORT 24.0m[2] • Separate laundry • Air conditioning to living and TOTAL 129.78m[2] • 2 bedrooms + study dining areas • 1.5 bathrooms • Ceiling fans to bedrooms • Single carport and living areas • Traditional entry deck BEDROOM 2

• LAUNDRY DECK CARPORT

• BATHROOM

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The information is provided solely as general information and the final product may differ from what is displayed. The fixtures, fittings and finishes displayed may include
non-standard inclusions which may become unavailable and are subject to change, therefore the display may differ from the final product.
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ACTIVE LIFESTYLE ESTATES HUNTER VALLEY 137 Mount View Road, Cessnock NSW 2325 Tel 0408 295 737 | Email huntervalley@activelifestyleestates.com.au | www.liveinhuntervalley.com.au

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PROUDLY OWNED BY INGENIA COMMUNITIES GROUP

PROUDLY OWNED BY INGENIA COMMUNITIES GROUP

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INGENIA COMMUNITIES HUNTER REGION SITE VISIT JUNE 2016

LAKE MACQUARIE

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INGENIA COMMUNITIES HUNTER REGION SITE VISIT JUNE 2016 31
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Overview

Acquired in November 2013 from the same vendor as Chain Valley Bay, Active Lifestyle Estates Lake Macquarie is located in close proximity to The Grange. The lakefront site has significant frontage to the tidal Stockton Creek (which runs into Lake Macquarie).

On acquisition, the Lake Macquarie Village manufactured home and tourist park comprised 41 permanent homes, 27 tourist/short-term accommodation sites and development potential for 32 home sites (including some tourism conversions), the majority with approvals in place.

Since acquisition, Ingenia has completed Stage 1 of the development, adding 32 new homes on land adjacent to the existing community. Approval has also been received (in February 2016) for the addition of 18 new homes, replacing tourism. Works have now commenced for this final stage of the development.

Location

Located in Morisset, and only 0.5 kilometres from Ingenia’s Active Lifestyle Estates The Grange, Lake Macquarie sits within the Lake Macquarie Local Government Area.

Asset Strategy

Ingenia has made significant changes to the community in line with the Group’s strategy to add new homes on adjacent land, convert existing tourism and provide new community facilities to create a larger, pure manufactured home community.

With the adjacent land now housing new homes which were sold for an average of $320,000, works are underway for an additional 15 new homes, a new entry statement and new community facilities.

Lake Macquarie - development in progress

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INGENIA COMMUNITIES HUNTER REGION SITE VISIT JUNE 2016

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INGENIA COMMUNITIES HUNTER REGION SITE VISIT JUNE 2016
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33
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Property Details

Acquired	November 2013
Book Value (Dec 15)	$6.1 million
Ave. Rent (at Dec 15)	$141.50 per week ($165 new homes)
Current Prices	New homes will be sold from low $300,000s

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Title Details
Address 1A Stockton Street, Morisset
Title Freehold
Site Area 2.9 hectares
Zoning E2: Environmental Conservation
RE2: Private Recreation
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Village Details

Overview	• Lake Macquarie has been converted from a mixed-use tourism and permanent living park to a pure seniors lifestyle community comprising 73 homes (at December 2015). On completion of the development, the community will include 88 homes.
Age	• The frst homes were built in 1991 - 1992.
Accommodation Mix	• The majority of new homes comprise 2 bed, 1.5 bath homes with single carports.
Facilities	• Existing facilities include a pool and barbeque areas. New facilities, including a community centre, will form part of the fnal stage of the development.
Car Parking	• Each dwelling has attached parking and visitor parking is available on site.
Management	• Village Manger - responsible for day-to-day running of the Village. • Groundsman - responsible for day-to-day upkeep of grounds, gardens and general maintenance.

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INGENIA COMMUNITIES HUNTER REGION SITE VISIT JUNE 2016 35
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DEVELOPMENT OVERVIEW

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Stage 1 of the development (comprising 32 homes) was completed in 2015, with houses selling from $285,000 to $345,000.

The Stage 2 development, which has commenced with the removal of the tourist cabins from site, will include the addition of 15 new homes, a community building, refurbished pool, landscaping, walking trails and connection to the sewer.

The first new homes are expected to be on site from September 2016, in conjunction with the delivery to site of the new community building which is a modular construction by Glendale.

Homes, which consist of 2 bed, 2 bed plus study and 3 bed, will be supplied by Glendale and Parkwood. Ingenia’s home designs for the community provide an average 95sqm of living space with an average size (including decks and carports) of 133sqm. The average lot size is 220 sqm.

A VIP preview was held on 16 June 2016. To date, four homes have been deposited, including the only 3 bed home which has attracted a price of $400,000. Prices start from low $300,000s, with an uplift of approximately $20,000 expected from Stage 1 for a similar home.

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New Glendale Community Centre
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INGENIA COMMUNITIES HUNTER REGION SITE VISIT JUNE 2016

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LEGEND
Stage 2 – New Homes
Stage 1
North The Company gives no warranty or makes any representations about the accuracy of the information
or representations made. Illustrations are representative only of the designs and to be used as a guide
Existing sites only. Future residential development is subject to relevant approvals. The information is provided
solely as general information and the final product may differ from what is displayed.
Stage 1 Sold-Out
SOLD SOLD SOLD
SOLD
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38 INGENIA COMMUNITIES HUNTER REGION SITE VISIT JUNE 2016 ACTIVE LIFESTYLE ESTATES 1A Stockton Street, Morisset NSW 2264 Tel 02 4973 1883 | Email lakemacquarie@activelifestyleestates.com.au | www.liveinmorisset.com.au

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RESIDENCE 205
2 bedrooms – 1.5 bathrooms
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$325,000
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For illustrative purposes only.
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SITE 205 FEATURES
BEDROOM 1
• New home with modern DECK
finishes
• Modern entertainer’s kitchen
• Separate laundry
• 2 bedrooms ROBE
• 1 bathroom + separate W/C
• Single carport BATH
• Covered entertainment deck LIVING
WC
• Built-in-robes in all
bedrooms
• Open plan living LDRY
• Air conditioning to
living room ROBE
• Ceiling fans to bedrooms
and living areas
INTERNAL LIVING AREA 92.22m [2] BEDROOM 2 DINING
EXTERNAL LIVING AREA 14.71m [2]
CARPORT 21.00m [2] COVERED
TOTAL 127.93m [2] CARPORT ENTRY
KITCHEN
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The information is provided solely as general information and the final product may differ from what is displayed. The fixtures, fittings and finishes displayed may include

non-standard inclusions which may become unavailable and are subject to change, therefore the display may differ from the final product.

ACTIVE LIFESTYLE ESTATES LAKE MACQUARIE 1A Stockton Street, Morisset NSW 2264 Tel 0458 018 332 | Email lakemacquarie@activelifestyleestates.com.au | www.liveinmorisset.com.au

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RESIDENCE 209
2 bedrooms + study – 1.5 bathrooms
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$330,000
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For illustrative purposes only.
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SITE 209 FEATURES

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• New home with modern
finishes WC DINING
KITCHEN
• Modern entertainer’s kitchen BATH
• Separate laundry BEDROOM 1 LDRY
• 2 bedrooms + study ROBE DECK
• 1 bathroom + separate W/C
• Single carport BEDROOM 2
• Covered entertainment deck
• Built-in-robes in all LIVING
bedrooms STUDY
• Open plan living CARPORT
• Air conditioning to DECK
living room
• Ceiling fans to bedrooms
and living areas
INTERNAL LIVING AREA 98.93m [2]
EXTERNAL LIVING AREA 18.30m [2]
CARPORT 18.00m [2]
TOTAL 135.23m [2]
ROBE
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The information is provided solely as general information and the final product may differ from what is displayed. The fixtures, fittings and finishes displayed may include

non-standard inclusions which may become unavailable and are subject to change, therefore the display may differ from the final product.

ACTIVE LIFESTYLE ESTATES LAKE MACQUARIE 1A Stockton Street, Morisset NSW 2264

Tel 0458 018 332 | Email lakemacquarie@activelifestyleestates.com.au | www.liveinmorisset.com.au

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INGENIA COMMUNITIES HUNTER REGION SITE VISIT JUNE 2016

THE GRANGE

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INGENIA COMMUNITIES HUNTER REGION SITE VISIT JUNE 2016 41
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Overview

The Grange, acquired by Ingenia Communities in March 2013, was Ingenia’s first acquisition in the MHE sector.

The Grange is an excellent example of an established permanent living manufactured home estate.

The site includes 152 permanent dwellings with dated community facilities and potential to further enhance returns through development of vacant land.

Strategically, The Grange is located in close proximity to a number of Ingenia’s Active Lifestyle Estates, including Lake Macquarie, Chain Valley Bay and Ettalong Beach, providing opportunities to leverage existing management capabilities. These villages enable Ingenia to leverage operational and sales capabilities along with strong local market knowledge.

Location

Located in the lower Hunter region within the Lake Macquarie Local Government Area, The Grange is approximately 113km from Sydney and 44km from Newcastle with close proximity to amenities in a peaceful rural location.

The Grange sits in the Hunter/Newcastle region identified by Ingenia as one of its targeted clusters for growth and, within the same LGA as Lake Macquarie.

Asset Strategy

In addition to achieving a strong investment return from the existing site, since acquisition Ingenia has enhanced returns from The Grange through the addition of new homes on infill sites, and selected buyback and refurbishment of dated sites.

A Development Application was lodged in December 2015 to facilitate the development of 56 additional homes and new community facilities.

The Grange and Lake Macquarie - aerial view

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INGENIA COMMUNITIES HUNTER REGION SITE VISIT JUNE 2016

INGENIA COMMUNITIES HUNTER REGION SITE VISIT JUNE 2016 43

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Property Details

Acquired	March 2013
Book Value (Dec 15)	$11.6 million
Ave. Rent (at Dec 15)	$160 per week
Current Prices	New homes not yet for sale

Village Details

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Title Details
Address 4 Gimberts Rd, Morisset, NSW
Title Freehold
Site Area 8.8 hectares
Zoning E2: Environmental Conservatino
RU2: Rural Landscape
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Overview	• The Grange is a freehold seniors lifestyle community comprising 152 existing dwellings and community facilities. • On completion of the planned development, The Grange will include over 200 homes. • A DA was lodged in December 2015 to facilitate the planned development.
Age	• The frst homes were built in the early 1980s.
Accommodation Mix	• 1, 2 and 3 bedroom residences (predominantly 2 bedroom).
Facilities	• Facilities include a swimming pool, recreation building (with library), men’s shed, BBQs, recreation area and a pontoon.
Car Parking	• Each dwelling has attached parking and visitor parking is available on site.
Manager’s Residence	• On-site Manager’s residence comprises a 3 bedroom house.
Management	• Sales/Village Manager - responsible for day-to-day running of the Village as well as new home sales and resales. • Groundsmen - responsible for day-to-day upkeep of grounds, gardens and general maintenance (2 full time, 1 casual).

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INGENIA COMMUNITIES HUNTER REGION SITE VISIT JUNE 2016 45

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DEVELOPMENT OVERVIEW

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The planned development, for which a DA was lodged in December 2015, will include the addition of 56 new homes to be located on land which is currently vacant, a new community centre which will also house a 2 bedroom manager’s residence on a second storey, landscaping, walking trails and sewer connection. Discussions with Council regarding the development are well progressed.

A VIP launch will be held in mid 2016, with homes available for sale off the plan (subject to DA). Average lot sizes are expected to be around 220 sqm with homes comprising 2 bed, 2 bed plus study and 3 bed homes. Homes will be marketed for sale from $300,000 to $400,000.

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New proposed Community Centre
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INGENIA COMMUNITIES HUNTER REGION SITE VISIT JUNE 2016

DRAFT MASTER PLAN

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48 INGENIA COMMUNITIES ACTIVE LIFESTYLE ESTATES THE GRANGE HUNTER REGION SITE VISIT JUNE 2016 4 Gimberts Road, Morriset NSW 2264 | Village Manager Mobile 0448 148 838 Tel 02 4973 1333 | Email thegrange@activelifestyleestates.com.au | www.thegrangevillage.com.au PROUDLY OWNED BY INGENIA COMMUNITIES GROUP

RESIDENCE 46 2 bedrooms – 1 bathroom

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BATHROOM LAUNDRY
CARPORT
ROBE
BEDROOM 1
ENTRY
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Residence Features

RESIDENCE 205 FEATURES

• Enjoy a new home with • Single carport modern finishes

• Covered entertainment

• • Open plan living deck

• Modern entertainer’s • Built-in-robes in all kitchen bedrooms

• Separate laundry • Air conditioning to living

• • 2 bedrooms and dining areas

• 1 bathrooms • Ceiling fans to bedrooms and living areas

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INTERNAL LIVING AREA 71.32m [2]
EXTERNAL LIVING AREA 15.91m [2]
CARPORT 18m [2]
TOTAL 105.23m [2]
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The information is provided solely as general information and the final product may differ from what is displayed. The fixtures, fittings and finishes displayed may include non-standard inclusions which may become unavailable and are subject to change, therefore the display may differ from the final product.

ACTIVE LIFESTYLE ESTATES THE GRANGE

• 4 Gimberts Road, Morisset NSW 2264 | Tel 02 4973 1333 | Email thegrange@activelifestyleestates.com.au www.activelifestyleestates.com.au/thegrange

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PROUDLY OWNED BY INGENIA COMMUNITIES GROUP

Community Centre floorplan

GRA_Floorplan_Res46.indd 1

23/02/2016

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INGENIA COMMUNITIES HUNTER REGION SITE VISIT JUNE 2016

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Operational Overview (Permanent Living) for each Park

Operational Overview

• A resident purchases their home and then enters into a Residential Site Agreement with Ingenia.

Residents Agreement

• The residential Site Agreement is a standard agreement administered under the Residential (Land Lease) Communities Act 2013 and the Residential (Land Lease) Communities Regulation 2015. All agreements offered are for no more than an initial three years (therefore do not need to be registered).

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Van sites at Hunter Valley
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INGENIA COMMUNITIES HUNTER REGION SITE VISIT JUNE 2016 51

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Biographies

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Simon Owen Chief Executive Officer and Managing Director

Simon joined the Group in November 2009 as the Chief Executive Officer. He initiated the internalisation of management and exit from the ING Group as well as Ingenia’s focus on lifestyle parks. Simon leads the management team and has overall responsibility for all facets of the business, including setting and delivery the Group’s strategy, implementation of the business plan and overseeing operational and investment performance. He brings to the Group in-depth sector experience. Simon is currently a Director of BIG4 Holiday Parks, Australia’s leading holiday parks group representing 180 parks across Australia and is a member of the Retirement Living Division Council (part of the Property Council of Australia). He is also a past National President of the Retirement Villages Association (now part of the Retirement Living Council), the peak industry advocacy group for the owners, operators, developers and managers of retirement communities in Australia, a role he held for four years. Simon has over 20 years experience working in ASX listed groups with roles across finance, funds management, mergers and acquisitions, business development and sales and marketing. Prior to joining Ingenia Communities, Simon was the CEO of Aevum, a formerly listed retirement company. Simon is a qualified accountant (CPA) with postgraduate diplomas in finance and investment and advanced accounting.

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Donna Byrne Group Investor Relations Manager

Donna joined Ingenia in November 2014. Donna has extensive experience in communications and corporate affairs working in major Australian entities across the unlisted and listed market. In addition to private consulting roles, Donna’s past roles include Head of Investor Relations and Corporate Affairs for the GPT Group, Head of Investor Marketing and Communications for Lend Lease’s Asia Pacific real estate investment platform and Senior Technical Editor with the Securities Institute of Australia. Donna holds a Bachelor of Economics and a Master of Adult Education.

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Kate Melrose General Manager Project Sales

Kate joined Ingenia in a part-time capacity in August 2014, and commenced her full time role with the Group in January 2015. Kate is responsible for sales across the Group’s Active Lifestyle Estate development projects, including managing the interface with Development and building Ingenia’s sales process and team. Kate brings over 20 year’s property experience to the role, most recently with Greengate Property Group (a small social infrastructure and aged care developer). Prior to Greengate, Kate spent 14 years at Lend Lease in a range of roles, including Global Strategic Marketing Manager (Lend Lease) and Project Director roles within Lend Lease Residential and Delfin Lend Lease. Kate’s qualifications include a Bachelor of Business (Land Economics) and a Certificate in Corporate Real Estate.

Ed Wortman Development Director

Ed is responsible for the Group’s development activities and commenced with Ingenia in December 2015. Ed oversees the design, delivery and project management of new homes across the Group’s growing portfolio of lifestyle communities. Ed has 20 years experience in the property and construction industry, including roles with AV Jennings, Mirvac and Lend Lease. Prior to joining Ingenia he was Development Director at Johnson Property Group with responsibility for land subdivision and built form projects. Ed holds a Bachelor of Building with a major in Construction Economics.

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INGENIA COMMUNITIES HUNTER REGION SITE VISIT JUNE 2016

Disclaimer

This presentation was prepared by Ingenia Communities Holdings Limited (ACN 154 444 925) and Ingenia Communities RE Limited (ACN 154 464 990) as responsible entity for Ingenia Communities Fund (ARSN 107 459 576) and Ingenia Communities Management Trust (ARSN 122 928 410) (together Ingenia Communities Group, INA or the Group). Information contained in this presentation is current as at June 2016 unless otherwise stated.

This presentation is provided for information purposes only and has been prepared without taking account of any particular reader’s financial situation, objectives or needs. Nothing contained in this presentation constitutes investment, legal, tax or other advice. Accordingly, readers should, before acting on any information in this presentation, consider its appropriateness, having regard to their objectives, financial situation and needs, and seek the assistance of their financial or other licensed professional adviser before making any investment decision.

This presentation does not constitute an offer, invitation, solicitation or recommendation with respect to the subscription for, purchase or sale of any security, nor does it form the basis of any contract or commitment.

Except as required by law, no representation or warranty, express or implied, is made as to the fairness, accuracy or completeness of the information, opinions and conclusions, or as to the reasonableness of any assumption, contained in this presentation. By reading this presentation and to the extent permitted by law, the reader releases each entity in the Group and its affiliates, and any of their respective directors, officers, employees, representatives or advisers from any liability (including, without limitation, in respect of direct, indirect or consequential loss or damage or loss or damage arising by negligence) arising in relation to any reader relying on anything contained in or omitted from this presentation.

The forward looking statements included in this presentation involve subjective judgment and analysis and are subject

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to significant uncertainties, risks and contingencies, many of which are outside the control of, and are unknown to, the Group. In particular, they speak only as of the date of these materials, they assume the success of the Group’s business strategies, and they are subject to significant regulatory, business, competitive and economic uncertainties and risks. Actual future events may vary materially from forward looking statements and the assumptions on which those statements are based. Given these uncertainties, readers are cautioned not to place undue reliance on such forward looking statements.

The Group, or persons associated with it, may have an interest in the securities mentioned in this presentation, and may earn fees as a result of transactions described in this presentation or transactions in securities in INA.

This document is not an offer to sell or a solicitation of an offer to subscribe or purchase or a recommendation of any securities.