Helical Plc · LSE:HLCL
Helical — Shareholder Meeting (July 2018)
40 slides from Helical's shareholder meeting presentation, Jul 12, 2018
Slide 1: Annual General Meeting 12 July 2018
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Slide 2: Loan to value and portfolio split
• • 100.0% 3% 90.0% 18% 11% 24% 80.0% 13.0% 70.0% 17.0% 6% 60.0% 5% 86% 50.0% 55.0% LTV 51.4% LTV 40.0% 39.9% LTV 30.0% 20.0% 54% 63% 10.0% 0.0% March 2016 March 2017 March 2018 London Offices/Mixed Use Manchester Offices Logistics Non-Core LTV
Slide 3: Profit before tax and key results
PROFIT BEFORE TAX (2017: £41.6m) TOTAL DIVIDEND PER SHARE +10.5% from 2017 SALE/VALUATION GAIN (2017: £38.6m) TOTAL ACCOUNTING RETURN +5.3% 12 July 2018 EPRA NAV PER SHARE -11% NET RENTAL INCOME (2017: £47.0m) SEE-THROUGH LOAN TO VALUE (pro-forma 371%)
Slide 4: Increasing rental income
INCREASING RENTAL INCOME s = £57.8m = £60 =London Offices = Manchester Offices £50 £40 £30 £20 £10 £0 T T Passing Rent as at Contracted Rent Contracted Rent Reversionary Rent Unlet Space - Unlet Space - March 2018 FY2019 2020+ Complete Under Construction 12 July 2018 Helical Annual General Meeting 2
Slide 5: First quarter update
FIRST QUARTER UPDATE One Bartholomew, EC1 + 54,261 sq ft let to Trade Desk at One Bartholomew + 25% let Barts Square, EC1 * Phase 1- 134 units exchanged/sold - 10 remaining units + Phase 2 - 23 units exchanged, 5 under offer, 64 remaining * 90 Bartholomew Close c. 6,400 sq ft of ground floor space l
Slide 6: Summary
SUMMARY Focus of portfolio - London and Manchester Opportunity in our area of activity Flexibility for customers and to maximise income Upside potential from enduring quality of chosen assets a) 12 July 2018 Helical Annual General Meeting 2018
Slide 7: New opportunities
NEW.-OPPORTUNITIES | Grade Interesting Redevelop Either 100% Helical or ‘Equity Lite’ with partner 12 July 2018 Helical Annual General Meeting 2018
Slide 8: Reposition - The Loom
REPOSITION - THE LOOM 12 July 2018 Helical Annual General Meeting 2018 8
Slide 9: July
9 12 July 2018
Slide 10: Refurbish - C Space
REFURBISH - C SPACE 12 July 2018 Helical Annual General Meeting 2018
Slide 11: July
12 July 2018
Slide 12: Refurbish - Charterhouse Square
REFURBISH - 25 CHARTERHOUSE SQUARE
Slide 13: One Creechurch Place - Redevelop
ONE CREECHURCH PLACE REDEVELOP 2018
Slide 14: Redevelop
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Slide 15: Barts Square
BARTS SQUARE REDEVELOP 07 //4f2//4 GZ LL Ape Helical Annual General Meeting 2018 15 12 July 2018
Slide 16: Redevelop - Farringdon East
REDEVELOP - FARRINGDON EAST MILL | 12 July 2018 Helical Annual General Meeting 2018
Slide 17: Technology trends and the workplace
* Intel estimate their transistors are 90,000 times more efficient and 60,000 times cheaper than their first ones in 1971. * Kodak declared bankrupt in 2012, Instagram acquired by Facebook for US$1Bn. Kodak employed 145,000 people at peak. Instagram 13 at time of acquisition. * By 2020 90% of world’
Slide 18: Properties and tenants
| as fF —_* The Loom E1 35 tenants a Churchgate & Lee House 14 tenants 110,000 sq ft 243,500 sq ft The Warehouse & The Studio, 13 tenants 35 Dale Street 10 tenants The Bower EC1 151,000 sq ft 53,000 sq ft The Tower, The Bower ECI 2+ tenants 31 Booth Street 2+ tenants Under construction 25,000 sq ft
Slide 19: Occupier survey
OCCUPIER SURVEY Independent Survey - February 2018 - 47 occupiers (face to face meetings) The Loom, The Shepherds Building 25 Charterhouse Square, The Bower “With the benefit of hindsight how pleased are you that you decided to have your organisation located here?” 81% very pleased 13% slightly plea
Slide 20: Tenant testimonials
“The sole reason we came to this building was to help attract and retain employees” “[Helical are] very friendly and engaged in what their tenants do, and very helpful on our move into the building.” “| saw [Helical] very early on in our relationship, which has allowed us to pick up the phone if the
Slide 21: Works pre
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Slide 22: Barbara Hepworth
} Barbara Hepworth 22 12 July 2018
Slide 23: July
23 12 July 2018
Slide 24: July
24 12 July 2018
Slide 25: CBS at The Bower
12 July 2018 CBS at The Bower 25
Slide 26: * we a
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Slide 27: Public realm
PUBLIC REALM One Creech irch Plac a Helical Annual General Meeting 2018
Slide 28: Public realm
PUBLIC REALM ‘= 3.35'Dale street; Manchester 7 POWER ROAD STUDIOS YX] The Bower 12 July 2018 Helical Annual General Meeting 2018 28
Slide 29: Public realm
PUBLIC REALM The Bower 12 July 2018 Helical Annual General Meeting 2018
Slide 30: July
30 12 July 2018
Slide 31: Cafes, restaurants and bars
CAFES, RESTAURANTS AND BARS pS. O: j Fanze & E¥ensiat The Bower The Draft House at The Bower 2 July 2018 Helical Annual General Meeting 2018
Slide 32: The Loom
Mes The Loom 12 July 2018 32
Slide 33: Cafes, restaurants and bars
CAFES, RESTAURANTS AND BARS ai Ait B A BA \:G SAR fay Me Be | tee] EE x tem] cl ee | | 2 a eee TE Tie 14 Helical Annual General Meeting 2018
Slide 34: One Creechurch Place
fe Creechirch Place Helical Annual General Meeting 2018
Slide 35: Shower and cycle facilities
SHOWER AND CYCLE FACILITIES G One Creechurch Placess = === One Cree 3 12 July 2018 Helical Annual General Meeting 2018
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Slide 37: July
12 July 2018
Slide 38: The Team
THE TEAM
Slide 39: The Atlas Ascent - Helical's charity trek
THE ATLAS ASCENT - HELICAL’S CHARITY TREK an TIT ABetter === City for All LandAid °)"2.:; THE PROPERTY INDUSTRY CHARITY homelessiess| 12 July 2018 Helical Annual General Meeting 2018 39
Slide 40: Helical contact details
HELICAL 5 Hanover Square London WIS 1HQ 0207 629 O113 www.helical.co.uk @helicalple reception@helical.co.uk