Henry Boot PLC · LSE:BOOT
Henry Boot — Shareholder Meeting (May 2021)
11 slides from Henry Boot's shareholder meeting presentation, May 14, 2021
Slide 1: Annual General Meeting
Annual General Meeting Tim Roberts Presentation 14 May 2021 Our Values | Respect | Integrity | Loyalty | Delivery | Adaptability | Collaboration
Slide 2: Operational performance remained robust
Operational performance remained robust Q Sold 2,000 plots and a significant JV site OPERATING PROFIT Q Land bank of c.16,600 acres comprising 88,070 plots LAND with c.60% SE/Midlands Q Planning consents on 2,708 plots (2019: 1,651) in the £14.2m PROMOTION year 2019: £31.0m Q Completed £58m of devel
Slide 3: Our strategy
Our strategy Focused on three long-term markets Industrial & Logistics Residential Urban Development LAND PROPERTY INVESTMENT HOUSEBUILDING CONSTRUCTION PROMOTION & DEVELOPMENT Grow capital employed by around £150m Target ROCE of 10–15% ESG + People Strategy Henry Boot PLC | 135 years in the making
Slide 4: Opportunities for growth
Opportunities for growth Significant embedded value across the business Property Land Promotion Development Housebuilding Construction & Investment c.£1.4bn development Multi-regional premium Full order book with 16,600 acres or c.88,000 pipeline (HBD share house builder with 1,119 focus on public s
Slide 5: Our targets
Our targets Clear medium-term operational targets Measure Medium term target Current Land Promotion plot sales c.3,500 per annum 2,000 in 2020 HBD development completions HBD share c.£200m per annum HBD share £85m in 2021 Grow investment portfolio To around £150m £83m as at 31 Dec 2020 Stonebridge h
Slide 6: Financial highlights
Financial highlights Robust performance against the challenging backdrop of 2020 Q Revenue decreased 41% as all segments 2020 2019 Change saw delays in activity caused by the global pandemic Revenue £222.4m £379.7m -41% Q perating profit of £17.5m, benefitted from a O Operating profit £17.5m £50.3m
Slide 7: Land promotion
Land promotion UK greenfield land values remained relatively stable Q Continued to trade well, with 2,000 plots sold in the period bids at pre-CV-19 prices OPERATING PROFIT PER PLOT PROFIT Q deals completed, including key disposals at 9 Wellingborough (600 plots) & Lubbesthorpe (258 plots) £14.2m £6
Slide 8: Property investment & development
Property investment & development Continued focus on the industrial and logistics sector Q Industrial sector delivered positive capital growth with investors after high demand in the market OPERATING DEVELOPMENT PROFIT PIPELINE Q Completed developments with a GDV of £58m (HBD Q share £55m), 90% in i
Slide 9: Construction
Construction Robust performance despite lower activity levels Q ivision consists of Construction, Plant Hire and D Road Link (A69) OPERATING EXTERNAL PROFIT TURNOVER Q Construction currently running at 95% of planned Q output ecured £40m BTR scheme and £42.5 mixed use S £6.5m £115.9m urban developme
Slide 10: Outlook
Outlook Q Strong financial and operating position allowed us to continue to invest Q Recovery in our markets with strong forward sales and very healthy order book Q Recovery in land market has continued with 2,309 plots exchanged Q Committed developments of £312m are already 88% presold or let Q Sto
Slide 11: Thank you all for listening
Thank you all for listening and if you require any further information on the AMG please go to the Henry Boot website Henry Boot PLC | 135 years in the making Our Values | Respect | Integrity | Loyalty | Delivery | Adaptability | Collaboration Page 10