1Q19 Metrics – Sales of Occupation Rights

Summerset Group Holdings Limited
Level 27 Majestic Centre, 100 Willis St, Wellington
PO Box 5187, Wellington 6140
Phone: 04 894 7320 | Fax: 04 894 7319
Website: www.summerset.co.nz


NZX & ASX RELEASE

5 APRIL 2019

1Q19 METRICS – SALES OF OCCUPATION RIGHTS

Summerset Group achieved 137 sales for the quarter ending 31 March 2019, comprising 71 new
sales and 66 resales.
Summerset CEO Julian Cook said that sales are consistent with levels seen in the first quarter of
2018 and are tracking well despite flat property markets in Auckland and Christchurch.

“We are seeing some increased settlement times due to the slowing property market in Auckland
and Christchurch, however we continue to see good interest in our villages.

“We continue to have low levels of homes for resale available, with 40 uncontracted homes at 31
March compared to 53 at the end of 2018,” said Mr Cook.


YTD19 SALES OF OCCUPATION RIGHTS

1Q19
Actual
New sales 71
Resales 66
Total 137


FY18 SALES OF OCCUPATION RIGHTS

1Q18
Actual
2Q18
Actual
3Q18
Actual
4Q18
Actual
FY18
Actual
New sales 68 77 82 112 339
Resales 75 79 66 81 301
Total 143 156 148 193 640

NOTES:
 Quarterly metrics on occupation right sales are provided by the 10
th
of the month following the end of each
quarter.
 Occupation right sales volumes represent the number of occupation rights settled in the period, and differ from
retirement unit deliveries which represents the number of new homes for which construction was completed in the
period.
 The quarterly sales metrics provided may not necessarily reflect NZ IFRS financial performance for the
corresponding period. In particular, key items in the income statement, such as the fair value movement of
investment property, are dependent on several variables, of which one is occupation right sales. NZ IFRS
financial performance is calculated for the periods ending 30 June and 31 December each year.
ENDS

For investor relations enquiries: For media enquiries:
Scott Scoullar Jenny Bridgen
Deputy CEO & CFO Communications Manager
scott.scoullar@summerset.co.nz jenny.bridgen@summerset.co.nz
04 894 7320 or 029 894 7317 04 830 1106 or 021 408 215


ABOUT SUMMERSET

 Summerset is one of the leading operators and developers of retirement villages in New
Zealand, with 25 villages completed or in development across the country.
 Summerset has 11 sites for development in Milldale (Auckland), Parnell (Auckland), St
Johns (Auckland), Rangiora (Canterbury), Waikanae (Kapiti Coast), Blenheim
(Marlborough), Te Awa (Napier), Pohutukawa Place (New Plymouth), Papamoa
(Tauranga), Kenepuru (Wellington) and Lower Hutt (Wellington), bringing the total number
of sites to 36.
 It provides a range of living options and care services to more than 5,000 residents.
 New Zealand’s largest builder of retirement units in 2018.
 The Summerset Group has villages in Aotea, Avonhead, Casebrook, Dunedin, Ellerslie,
Hamilton, Hastings, Havelock North, Hobsonville, Karaka, Katikati, Levin, Manukau,
Napier, Nelson, New Plymouth, Palmerston North, Paraparaumu, Richmond, Rototuna,
Taupo, Trentham, Wanganui, Warkworth and Wigram.