Slide 1: Marine Operations and Waterfront Destination Specialist: Preliminary Results Year Ended 31 March 2017
Marine Opera*ons and Waterfront Des*na*on Specialist Preliminary Announcement of Results for the year ended 31 March 2017 June 2017 Graham Miller – Chairman Jason Schofield – Chief Execu9ve Natasha Gadsdon – Finance Director
Slide 2: Sutton Harbour Holdings plc Key facts
SuBon Harbour Holdings plc Key facts • Marine Opera9ons and Waterfront Des9na9on Specialist Net Asset Value Revenue -543 berths in two marina loca9ons £40.1m £6.718m -Plymouth Fisheries (2nd largest in England) -391 public car park spaces PBT No. of -144,533 sq ` of commercial investment £0.053m pro
Slide 3: Financial Year 2016/17 Financial and Operational Highlights
Financial Year 2016/17 Financial Highlights Trading Result 31 March 2017 31 March 2016 Profit before tax (excluding £0.331m £0.410m revalua9on, impairments) Profit before tax £0.053m £1.590m Balance Sheet 31 March 2017 31 March 2016 Net Assets £40.141m £40.869m Net Asset Value per share 41.7p 42.4p Ne
Slide 4: Company strategy overview: Current priorities
Company strategy overview Current priori*es • Future opportuni9es - Strategic Review* process underway to explore all op9ons with the objec9ve of maximising shareholder value • Realisa9on of development inventory - prepara9ons for public enquiry on Plymouth and South West Devon Joint Local Plan in r
Slide 5: Results: Income Statement
Results Income Statement • Onerous Leases Summary Income 31 Mar ‘17 31 Mar ‘16 Statement £000 £000 - charge for non-cash increase in provision for the Revenue 6,718 6,509 onerous lease for Salt Quay House which expires 2021. Cost of sales (4,130) (3,960) Onerous Leases / (173) (272) • Gross Profit Im
Slide 6: Results: Balance sheet
Results Balance sheet • Non current assets 31 March 31 March 2017 2016 - incorpora9ng JLL valua9on as at 31 Mar ’17 £000 £000 - valua9on deficit against marina assets Non-current assets 45,749 46,645 • Trade and other debtors Current assets - increase arising from prepayment of bank - Inventories 20,
Slide 7: Results: Cash position and banking
Results Cash posi*on and banking • Highlights Net debt movement Lease Net Bank Total 12m to 31 March 2017 Financing Debt - net bank debt has increased to fund Opening net debt (£0.4m) (£21.8m) (£22.2m) planning and pre-development costs of development inventory sites. Movement - (£0.3m) (£0.3m) - im
Slide 8: Results: Segmental performance
Results Segmental performance • Overall Revenue 31 March 31 March 2017 2016 - stable performance by annuity trading £000 £000 businesses Real Estate 1,609 1,580 • Real Estate Car Parking 483 480 - recent rent increases from reviews offset by Regenera9on - - slightly lower occupancy of 90% (2016: 96%)
Slide 9: Property and regeneration: The investment portfolio
Property and regenera*on The investment porbolio • General Investment Porbolio at 31 March 31 March valua*on 2017 2016 - stability in valua9on, +0.6% change in year £000 £000 to 31 March 2017 North Quay House 3,225 3,425 • North Quay House Barbican Market estate 3,825 3,825 - 3rd floor vacant with cu
Slide 10: Property and regeneration: The owner-occupied portfolio
Property and regenera*on The owner-occupied porbolio • The Marina at Sufon Harbour Owner occupied porbolio 31 31 March at valua*on £000 March 2016 - reflec9ve of occupancy trend for annual marina 2017 £000 berths with occupancy rate for 2016/17 at 75% £000 (2015/16: 77%) Owner Occupied Porbolio – at
Slide 11: Property and regeneration: Current project inventory
Property and regenera*on Current project inventory • Sites around Sufon Harbour Project inventory 31 March 31 March 2017 2016 - final marine statutory consents s9ll awaited £000 £000 for the planning approved ‘Boardwalk’ Sites around Sufon 8,303 8,104 scheme (7,800 sq ` F&B space) following Harbour r
Slide 12: Summary
Summary The Vision - to further develop Sufon Harbour as a leading visitor des9na9on New Development - the Company awaits the outcome of the new Joint Local Planning Framework public hearing Core ac9vi9es - con9nued investment to maintain quality and customer service Funding - ‘Strategic Review’ by
Slide 13: Contact us
Contact us at: Tin Quay House, Sufon Harbour, Plymouth PL4 0RA Tel: 01752 204186 www.sufon-harbour.co.uk - Year End Presenta9on - 31 March 2017 - 13