Helical Plc · LSE:HLCL

Helical — Helical Bar — Investor Presentation (March 2013)

43 slides from Helical's investor presentation, March 2013

  1. Slide 1: Analyst Tour Presentation March 2013

    Helical Bar plc ANALYST TOUR PRESENTATION MARCH 2013 Helical Bar plc

  2. Slide 2: Strategy

    STRATEGY Our prime objective is to maximise returns for shareholders through income, development and trading profits and capital growth. Our strategy for achieving this is to: • Maintain and expand our investment portfolio, providing a blend of high yielding retail, office and industrial property wi

  3. Slide 3: Development

    DEVELOPMENT DEVELOPMENT 3 Helical Bar plc

  4. Slide 4: Mitre Square, London EC3

    MITRE SQUARE, LONDON EC3 THE SCHEME Mitre Square is a landmark City office scheme in the heart of the insurance sector. Extensive public realm improvements are planned which will provide an attractive setting for the new office. THE FACTS ‐ The site will be held on a long leasehold from the City of

  5. Slide 5: Mitre Square, London EC3 - Floor Areas

    MITRE SQUARE, LONDON EC3 Floor Areas FLOOR SQ FT SQ M seventeenth 15,580 1,447 sixteenth 15,580 1,447 fifteenth 15,580 1,447 fourteenth 17,265 1,604 thirteenth 17,265 1,604 twelfth 17,265 1,604 eleventh 15,943 1,604 tenth 15,943 1,481 ninth 15,943 1,481 eighth 15,943 1,481 seventh 15,943 1,481 sixth

  6. Slide 6: Mitre Square Upper Floor Plans

    MITRE SQUARE, LONDON EC3 Upper Floor Plans 2nd-10th floors 11th-14th floors 6 Helical Bar plc

  7. Slide 7: 207 Old Street, London EC1

    207 OLD STREET, LONDON EC1 THE SCHEME In a joint venture with Crosstree Real Estate Partners, Helical have purchased this significant site located immediately adjacent to Old Street Roundabout. THE FACTS The site comprises 231,417 sq ft of existing office space across three buildings; 207 and 211 Ol

  8. Slide 8: Old Street Area Summary

    207 OLD STREET, LONDON EC1 Area Summary 8 Helical Bar plc

  9. Slide 9: Old Street Proposed Lower Ground Floor Plan

    207 OLD STREET, LONDON EC1 Proposed Lower Ground Floor Plan 9 Helical Bar plc

  10. Slide 10: Old Street Proposed Ground Floor Plan

    207 OLD STREET, LONDON EC1 Proposed Ground Floor Plan 10 Helical Bar plc

  11. Slide 11: Old Street Typical Upper Floor Plan

    207 OLD STREET, LONDON EC1 Typical Upper Floor Plan 11 Helical Bar plc

  12. Slide 12: Old Street Proposed Views

    207 OLD STREET, LONDON EC1 Proposed Views 12 Helical Bar plc

  13. Slide 13: 200 Aldersgate, London EC1

    200 ALDERSGATE, LONDON, EC1 THE SCHEME At 200 Aldersgate we have taken a tired and vacant office building and breathed new life into it, creating a “vertical village” comprising a variety of floorplates to suit a range of different occupiers, as well as exceptional tenant facilities, including a con

  14. Slide 14: Aldersgate Interior

    200 ALDERSGATE, LONDON, EC1 Interior 14 Helical Bar plc

  15. Slide 15: 200 Aldersgate tenants and letting summary

    200 ALDERSGATE, LONDON, EC1 FLOOR NIA (SQ TENANT FT) 17 1,759 Oxera 16 1,750 Jampur Group 15 6,269 Agence France Press 14 6,605 Oxera 13 6,600 Dexia Project Finance UK 12 9,052 AIA Worldwide 11 10,624 Maples and Calder 10 15,044 Javelin Group Ltd SUMMARY 9 15,075 Total office NIA 348,421 sq ft 8 17,

  16. Slide 16: Barts Square, London EC1

    BARTS SQUARE, LONDON EC1  Planning application submitted Q1 2012  Resolution to grant planning permission subject to S106 made by City on 20th November  226,000 sq ft offices in two buildings  215 residential apartments (202,000 sq ft)  23,000 sq ft retail and restaurants  Phased vacant posses

  17. Slide 17: Barts Square Ground Floor Plan

    BARTS SQUARE, LONDON EC1 Ground Floor Plan 17 Helical Bar plc

  18. Slide 18: Barts Square

    BARTS SQUARE, LONDON EC1 18 Helical Bar plc

  19. Slide 19: Brickfields, White City, London W12

    BRICKFIELDS,WHITE CITY, LONDON W12 Stanhope/ Mitsui Fudosan/ Alberta Investment Management Corporation BBC Imperial Helical/Aviva M&S Westfield 19 Helical Bar plc

  20. Slide 20: Brickfields masterplan facts

    BRICKFIELDS,WHITE CITY, LONDON W12 • Eric Parry designed masterplan c 1.5m sq ft • 1150 new homes • 200,000 sq ft offices • 60,000 sq ft retail / leisure / community uses • 11 acre site • New bridge link over Central Line cutting • Resolution to grant planning 12th March 2013 20 Helical Bar plc

  21. Slide 21: Brickfields and Imperial College Masterplan Model

    BRICKFIELDS,WHITE CITY, LONDON W12 Brickfields and Imperial College Masterplan Model 21 Helical Bar plc

  22. Slide 22: Brickfields, White City, London W12

    BRICKFIELDS,WHITE CITY, LONDON W12 22 Helical Bar plc

  23. Slide 23: King Street, Hammersmith, London W6

    KING STREET, HAMMERSMITH, LONDON W6 • Joint venture with Grainger plc • Development agreement with the London Borough of Hammersmith & Fulham • Previous scheme obtained a resolution to grant planning at a local level but did not receive Mayoral approval • New Leader at Hammersmith & Fulham Borough C

  24. Slide 24: King Street new brief

    KING STREET, HAMMERSMITH, LONDON W6  Key contentious issues avoided with new brief Much reduced height (8 stories rather than 15) No bridge into Furnival Gardens Not relocating existing residential tenants No loss of Cinema Development site – 2.6 acres No longer included in site – 0.4 acres 24 Heli

  25. Slide 25: King Street scheme out for consultation

    KING STREET, HAMMERSMITH, LONDON W6 Scheme currently out for consultation 25 Helical Bar plc

  26. Slide 26: King Street planning application summer 2013

    KING STREET, HAMMERSMITH, LONDON W6 Planning application to be submitted summer 2013 26 Helical Bar plc

  27. Slide 27: King Street, Hammersmith, London W6

    KING STREET, HAMMERSMITH, LONDON W6 27 Helical Bar plc

  28. Slide 28: King Street, Hammersmith, London W6

    KING STREET, HAMMERSMITH, LONDON W6 28 Helical Bar plc

  29. Slide 29: King Street, Hammersmith, London W6

    KING STREET, HAMMERSMITH, LONDON W6 29 Helical Bar plc

  30. Slide 30: King Street, Hammersmith, London W6

    KING STREET, HAMMERSMITH, LONDON W6 30 Helical Bar plc

  31. Slide 31: Scottish Power HQ, St. Vincent Street, Glasgow

    SCOTTISH POWER HQ, ST. VINCENT STREET, GLASGOW  Development Management Role on behalf of Scottish Power / Iberdrola  New 220,000 sq ft (net) office HQ  25 year lease to Scottish Power being forward funded with an institution  Fee based on % of construction cost / design fees  Underwriting the s

  32. Slide 32: Milestones: Targets to March 2013

    MILESTONES: TARGETS TO MARCH 2013 Property Milestone Progress to March 200 Aldersgate Lettings 97,000 sq ft new lettings since 31/03/12 Europa Centralna Lettings 73 % pre-let, 4% being signed and 4% under offer Fulham Wharf Sale / fee settlement Complete Helical Retail Conditional purchases Ongoing

  33. Slide 33: Investment

    INVESTMENT INVESTMENT 33 Helical Bar plc

  34. Slide 34: Investment Portfolio Overview

    INVESTMENT PORTFOLIO OVERVIEW Investment Portfolio Split • 69% of portfolio by value • £415mn total value. £29.8mn gross rent roll (Helical Share) • Generates income to cover all dividends, operational and finance costs • Focus on asset management to drive NOI and add value Retail - 56% • Intention

  35. Slide 35: Investment Portfolio Income

    INVESTMENT PORTFOLIO INCOME • Strong rental income stream Top 10 Tenants % Rent • 99.7% of rent collected within 3 weeks of December quarter day Rank Tenant Rent Roll demonstrating strong financial discipline 1 Endemol £1,526,923 5.0% • Strong occupancy figures; Retail portfolio 95% let with AWULT i

  36. Slide 36: Battersea Studios, Battersea, London SW8

    BATTERSEA STUDIOS, BATTERSEA, LONDON SW8  107,000 sq ft office building  Acquired with vacant possession in 2005  56,000 sq ft multi let TV production and media office-hub  A further 51,000 sq ft added in 2008  26,000 sq ft vacant, of which 4,000 sq ft under offer and 6,500 sq ft in negotiation

  37. Slide 37: Battersea Studios Asset Management

    BATTERSEA STUDIOS ASSET MANAGEMENT 37 Helical Bar plc

  38. Slide 38: Battersea Studios Asset Management

    BATTERSEA STUDIOS ASSET MANAGEMENT 38 Helical Bar plc

  39. Slide 39: Shepherds Building, Shepherds Bush, London W14

    SHEPHERDS BUILDING, SHEPHERDS BUSH, LONDON W14  150,000 sq ft multi tenanted office building, 65 separate lettable units  Acquired vacant in 2000  Media-friendly creative office environment  Only 652 sq ft vacant  12.6% cash on cash return  Demand remains strong  Capex of c £1.5m summer 2013

  40. Slide 40: Broadway House, Hammersmith, London W6

    BROADWAY HOUSE, HAMMERSMITH, LONDON W6  Part-occupied office and retail building, in need of refurbishment, purchased in January 2012  Full refurbishment completed  11,500 sq ft office space now available  Net income increased from £590,000 pa at acquisition to £800,000 pa now through rent revie

  41. Slide 41: The Morgan Quarter, Cardiff

    THE MORGAN QUARTER, CARDIFF • Acquired empty in 2005 • Comprehensively refurbished • Now let to tenants including Urban Outfitters, White Stuff, Jack Wills • 9% cash on cash return • Current rent roll £3.3 mn ERV £4.25mn • The Hayes zone A £175. Evidenced by recent Jack Wills letting and Moss Bros r

  42. Slide 42: Clyde Shopping Centre, Clydebank

    CLYDE SHOPPING CENTRE, CLYDEBANK • Acquired 2010 in joint venture • Substantial contracted income increase since acquisition (+9.0%) • Excellent tenant demand. 30+ new leases signed since acquisition • 14% cash on cash return • £30-£60 zone A rates • Recent lettings to Watt Bros, The Post Office, Bo

  43. Slide 43: Corby Town Centre, Corby

    CORBY TOWN CENTRE, CORBY • Acquired October 2011 • 40 new leases/lease renewals completed since acquisition • Low zone A rates of £50.00 • 14.5% cash on cash returns • £100,000 saving from service charge 2012-1013 • 9 new leases in solicitor’s hands, £175,000 of new income and associated non-recover

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