Panelizer Layout/Content not Imported with Features

I exported a feature with Panelizer default settings for one of my node types.

When importing it on the target site, the Layout and Content settings are not present. I've had a look through the feature and the code in panelizer.inc seems to be correct. Its just not having any effect.

On the features page, my panelizer settings are marked as 'Overwritten' even if I revert them.

Here is a copy of the contents of panelizer.inc:

$panelizer = new stdClass;
  $panelizer->disabled = FALSE; /* Edit this to true to make a default panelizer disabled initially */
  $panelizer->api_version = 1;
  $panelizer->name = 'node:hub:default';
  $panelizer->title = 'Default';
  $panelizer->panelizer_type = 'node';
  $panelizer->panelizer_key = 'hub';
  $panelizer->no_blocks = FALSE;
  $panelizer->css_id = '';
  $panelizer->css = '';
  $panelizer->pipeline = 'standard';
  $panelizer->contexts = array();
  $panelizer->relationships = array();
  $panelizer->did = 1;
  $display = new panels_display;
  $display->layout = 'flexible';
  $display->layout_settings = array(
    'items' => array(
      'canvas' => array(
        'type' => 'row',
        'contains' => 'column',
        'children' => array(
          0 => 'main',
          1 => 8,
        ),
        'parent' => NULL,
      ),
      'main' => array(
        'type' => 'column',
        'width' => '100',
        'width_type' => '%',
        'children' => array(
          0 => 3,
          1 => 'main-row',
        ),
        'parent' => 'canvas',
      ),
      'main-row' => array(
        'type' => 'row',
        'contains' => 'region',
        'children' => array(
          0 => 'center',
        ),
        'parent' => 'main',
      ),
      'center' => array(
        'type' => 'region',
        'title' => 'Main',
        'width' => 100,
        'width_type' => '%',
        'parent' => 'main-row',
        'class' => '',
      ),
      3 => array(
        'type' => 'row',
        'contains' => 'column',
        'children' => array(
          0 => 4,
          1 => 5,
        ),
        'parent' => 'main',
        'class' => '',
      ),
      4 => array(
        'type' => 'column',
        'width' => '25.05319539217844',
        'width_type' => '%',
        'parent' => '3',
        'children' => array(
          0 => 6,
        ),
        'class' => 'picture',
      ),
      5 => array(
        'type' => 'column',
        'width' => '74.94680460782156',
        'width_type' => '%',
        'parent' => '3',
        'children' => array(
          0 => 7,
        ),
        'class' => 'information',
      ),
      6 => array(
        'type' => 'row',
        'contains' => 'region',
        'children' => array(
          0 => 'pictures',
        ),
        'parent' => '4',
        'class' => '',
      ),
      'pictures' => array(
        'type' => 'region',
        'title' => 'Pictures',
        'width' => 100,
        'width_type' => '%',
        'parent' => '6',
        'class' => '',
      ),
      7 => array(
        'type' => 'row',
        'contains' => 'region',
        'children' => array(
          0 => 'information',
        ),
        'parent' => '5',
        'class' => '',
      ),
      'information' => array(
        'type' => 'region',
        'title' => 'Information',
        'width' => 100,
        'width_type' => '%',
        'parent' => '7',
        'class' => '',
      ),
      8 => array(
        'type' => 'column',
        'width' => '234',
        'width_type' => 'px',
        'parent' => 'canvas',
        'children' => array(
          0 => 9,
        ),
        'class' => '',
      ),
      9 => array(
        'type' => 'row',
        'contains' => 'region',
        'children' => array(
          0 => 'right',
        ),
        'parent' => '8',
        'class' => '',
      ),
      'right' => array(
        'type' => 'region',
        'title' => 'Right',
        'width' => 100,
        'width_type' => '%',
        'parent' => '9',
        'class' => '',
      ),
    ),
  );
  $display->panel_settings = array(
    'style_settings' => array(
      'default' => NULL,
      'center' => NULL,
      'region_sidebar' => NULL,
      'pictures' => NULL,
      'information' => NULL,
      'right' => NULL,
    ),
  );
  $display->cache = array();
  $display->title = '';
  $display->content = array();
  $display->panels = array();
    $pane = new stdClass;
    $pane->pid = 'new-1';
    $pane->panel = 'center';
    $pane->type = 'node_content';
    $pane->subtype = 'node_content';
    $pane->shown = TRUE;
    $pane->access = array();
    $pane->configuration = array(
      'links' => 1,
      'page' => 1,
      'no_extras' => 0,
      'override_title' => 1,
      'override_title_text' => '',
      'identifier' => '',
      'link' => 0,
      'leave_node_title' => 0,
      'context' => 'panelizer',
      'build_mode' => 'full',
    );
    $pane->cache = array();
    $pane->style = array(
      'settings' => NULL,
    );
    $pane->css = array();
    $pane->extras = array();
    $pane->position = 0;
    $display->content['new-1'] = $pane;
    $display->panels['center'][0] = 'new-1';
    $pane = new stdClass;
    $pane->pid = 'new-2';
    $pane->panel = 'information';
    $pane->type = 'custom';
    $pane->subtype = 'custom';
    $pane->shown = TRUE;
    $pane->access = array();
    $pane->configuration = array(
      'admin_title' => '',
      'title' => '',
      'body' => '',
      'format' => 'plain_text',
      'substitute' => TRUE,
      'name' => 'hub__courses',
    );
    $pane->cache = array();
    $pane->style = array(
      'settings' => NULL,
    );
    $pane->css = array();
    $pane->extras = array();
    $pane->position = 0;
    $display->content['new-2'] = $pane;
    $display->panels['information'][0] = 'new-2';
    $pane = new stdClass;
    $pane->pid = 'new-3';
    $pane->panel = 'information';
    $pane->type = 'entity_field';
    $pane->subtype = 'node:field_hub_facilities';
    $pane->shown = TRUE;
    $pane->access = array();
    $pane->configuration = array(
      'label' => 'title',
      'formatter' => 'taxonomy_term_reference_plain',
      'formatter_settings' => array(),
      'context' => 'panelizer',
      'override_title' => 0,
      'override_title_text' => '',
    );
    $pane->cache = array();
    $pane->style = array(
      'settings' => NULL,
    );
    $pane->css = array();
    $pane->extras = array();
    $pane->position = 1;
    $display->content['new-3'] = $pane;
    $display->panels['information'][1] = 'new-3';
    $pane = new stdClass;
    $pane->pid = 'new-4';
    $pane->panel = 'pictures';
    $pane->type = 'entity_field';
    $pane->subtype = 'node:field_hub_picture';
    $pane->shown = TRUE;
    $pane->access = array();
    $pane->configuration = array(
      'label' => 'hidden',
      'formatter' => 'image',
      'formatter_settings' => array(
        'image_style' => 'square_thumbnail',
        'image_link' => '',
      ),
      'context' => 'panelizer',
      'override_title' => 0,
      'override_title_text' => '',
    );
    $pane->cache = array();
    $pane->style = array(
      'settings' => NULL,
    );
    $pane->css = array();
    $pane->extras = array();
    $pane->position = 0;
    $display->content['new-4'] = $pane;
    $display->panels['pictures'][0] = 'new-4';
    $pane = new stdClass;
    $pane->pid = 'new-5';
    $pane->panel = 'right';
    $pane->type = 'custom';
    $pane->subtype = 'hub__map';
    $pane->shown = TRUE;
    $pane->access = array();
    $pane->configuration = array(
      'admin_title' => '',
      'title' => '',
      'body' => '',
      'format' => 'plain_text',
      'substitute' => TRUE,
    );
    $pane->cache = array();
    $pane->style = array(
      'settings' => NULL,
    );
    $pane->css = array();
    $pane->extras = array();
    $pane->position = 0;
    $display->content['new-5'] = $pane;
    $display->panels['right'][0] = 'new-5';
    $pane = new stdClass;
    $pane->pid = 'new-6';
    $pane->panel = 'right';
    $pane->type = 'custom';
    $pane->subtype = 'hub__feedback';
    $pane->shown = TRUE;
    $pane->access = array();
    $pane->configuration = array(
      'admin_title' => '',
      'title' => '',
      'body' => '',
      'format' => 'plain_text',
      'substitute' => TRUE,
    );
    $pane->cache = array();
    $pane->style = array(
      'settings' => NULL,
    );
    $pane->css = array();
    $pane->extras = array();
    $pane->position = 1;
    $display->content['new-6'] = $pane;
    $display->panels['right'][1] = 'new-6';
  $display->hide_title = PANELS_TITLE_FIXED;
  $display->title_pane = 'new-1';
  $panelizer->display = $display;
  $export['node:hub:default'] = $panelizer;