Henry Boot PLC · LSE:BOOT
Henry Boot — Shareholder Meeting (June 2020)
10 slides from Henry Boot's shareholder meeting presentation, Jun 30, 2020
Slide 1: Annual General Meeting 30 June 2020
Respect Integrity Loyalty Delivery Annual General Meeting Adaptability Collaboration 30 June 2020 Annual General Meeting 24th May 2018
Slide 2: Strong position for the future
Strong position for the future • Henry Boot remains in a relatively strong position. • We have an agile plan to respond to COVID-19. • 2019 was a good year with strategic progress made. • Early signs of recovery. • The Group is a long-term business in three key sustainable markets: • Residential • I
Slide 3: Our Plan to COVID-19 is agile and responsive
Our Plan to COVID-19 is agile and responsive Our response has been driven by three main priorities: Safety and Welfare • The office network remains closed with most people working effectively remotely. • Planning to open two offices to employees unable to work from home by early July with strict pre
Slide 4: Operational Highlights 2019 - Another Strong Year
Operational Highlights 2019 - Another Strong Year • Strategic land portfolio of 14,898 acres, 14,713 units permissioned, 10,665 units in planning process. • Completed £407m GDV, 99% sold or let, and committed to another £315m, 100% pre-sold or pre-let. • Development pipeline of £1.3bn – 70% in indus
Slide 5: Financial Highlights
Financial Highlights 2019 Revenue £379.7m 2019 Earnings Per Share 28.3p 2018 2018 £397.1m 28.3p 2017 2017 £408.5m 32.1p • Revenue remains strong at £379.7m. 2016 2016 £306.8m 21.5p 2015 2015 • Profit before tax at £49.1m reflects another good year. £176.2m 17.5p Profit before tax NAV Per Share 2019
Slide 6: Land Promotion
Land Promotion • A very good 2019 with 22 deals completed and 3,427 plots sold in the period. • Strategic land holdings under 15,000 acres. • Continue to work from home effectively. • Planning is still progressing, albeit at a reduced capacity. • Activity in the land market: • Land sales completed •
Slide 7: Property Investment & Development
Property Investment & Development • Completed £407m GDV (1.15m sq ft) across six schemes – 99% of space pre-sold, pre-let or under offer. • Remain active on £315m (inc JVs) committed schemes – all of which pre-sold or pre-let. • Marginal effects on productivity, all 12 live development sites open, i
Slide 8: Construction
Construction • All sites and depot sale centres are now active. • 88% of 2020 construction activity secured 20% secured for 2021. • We have seen an increase on construction productivity since resuming and are now on site at 85% of planned activity. • Banner Plant’s recent weekly sales have been at 8
Slide 9: Summary
Summary • Strong position to deal with the disruption caused by COVID-19. • Almost 15,000 acres of land leaves us well positioned to convert plots through the planning system. • Development pipeline of c £1.3bn with 70% in manufacturing and logistics, the rest in urban office and residential. • Ston
Slide 10: Thank You
Thank You • Thank you to all the team at Henry Boot and the Board for their hard work in 2019. • Farewell and special thanks to John Sutcliffe, who left the Board at the end of May having spent 14 years on the Board. Henry Boot PLC Annual General Meeting – 30 June 2020 Respect • Integrity • Loyalty