Helical Plc · LSE:HLCL
Helical — Non-Deal Roadshow (September 2018)
38 slides from Helical's roadshow presentation, Sep 17, 2018
Slide 1: Helical Plc - US Investor Trip
- m= =< — oa | ae HELICAL PLC - US INVESTOR TRIP eh it Hel is { mi = | VEER ed | | | =n) Ez NEW YORK AND BOSTON TT if Ta |e ; | | @ est 17/18 SEPTEMBER 2018 17/18 September 2018 US Investor Trip - New York and Boston - 2018
Slide 2: Helical is a UK focused property investment and development company
HELICAL IS A UK FOCUSED PROPERTY INVESTMENT AND DEVELOPMENT COMPANY LISTED ON THE MAIN MARKET OF THE LONDON STOCK EXCHANGE WITH A MARKET CAPITALISATION OF c.£405M/$525M (12 SEPTEMBER 2018). Our portfolio is a select showcase for London and Manchester. We create buildings for today’s occupiers who de
Slide 3: Strategy
STRATEGY * Helical invests in: * London for development profit, income and capital growth * Manchester for income and capital growth * We invest in multi-let office buildings for enhanced performance and reduced risk * We use an “equity lean” model, leveraging the balance sheet to give enhanced upsi
Slide 4: Income and capital returns FY93-FY18
(100) (50) 50 100 150 200 0 FY94 FY95 FY96 FY97 FY98 FY99 FY00 FY01 FY02 FY03 FY04 Income FY05 FY06 FY07 Capital FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 -50% 50% 100% 150% 200% 0% FY93 FY94 FY95 FY96 FY97 FY98 FY99 FY00 FY01 FY02 FY03 Rolling 5yr return FY04 FY05 FY06 FY07 FY08 FY09 F
Slide 5: NAV discount and sector spread
60% 60% 40% 40% 20% 20% 0% 0% -20% -20% -40% -60% -40% -80% -60% Jan-90 Jan-94 Jan-98 Jan-02 Jan-06 Jan-10 Jan-14 Jan-18 Dec-99 Dec-02 Dec-05 Dec-08 Dec-11 Dec-14 Dec-17 NAV discount Spread (HLCL - Sector) HLCL Sector
Slide 6: A growing stream of rental income
A GROWING STREAM OF RENTAL INCOME 8 = £57.8m £60 = London Offices = Manchester Offices £50 £43.4m £42.0m £40 £37.0m £30 £20 £10 £0 r r : r Passing Rent as at Contracted Rent Contracted Rent Reversionary Rent Unlet Space - Unlet Space - March 2018 FY2019 2020+ Complete Under Construction 17/18 Septem
Slide 7: City & Tech Belt London portfolio
CITY & TECH BELT LONDON PORTFOLIO YSN VEVEDS muwwer oe 4507 = SHOREDITCH é ad pine The Blues KitcHen OLD STREET Rich Mix ©. GOLDEN gall RO LANE ESTATE Buxton St © Brick Lane Market fabricO e imithfield Market @ the East London Mc & London Muslim Ci © Bank of Engl 4 (| One New.Change 788" 2 ary 3 Ell
Slide 8: How do we create capital growth?
HOW DO WE CREATE CAPITAL GROWTH? The Bower, * REDEVELOP * On balance sheet * ‘equity lean’ model * REFURBISH * REPOSITION 17/18 September 2018 US Investor Trip - New York and Boston - 2018 8
Slide 9: One Creechurch Place
ONE CREECHURCH PLACE REDEVELOP US Investor Tri 17/18 September 2018
Slide 10: Redevelop
US Investor Trip - New York and Boston - 2018 WS BE DS i \\S ab BBD & i EY Nee. a ts q \ SBERBRR SU = Lu = fe) _l fe) rc | ~ < ao Lu z fe) REDEVELOP 17/18 September 2018
Slide 11: Barts Square
BARTS SQUARE REDEVELOP W/// fg /// 4 TZ 1 US Investor Trip - New York and Boston - 2018 17/18 September 2018
Slide 12: Redevelop - Farringdon East
REDEVELOP - FARRINGDON EAST MILL | 17/18 September 2018 US Investor Trip - New York and Boston - 2018
Slide 13: 17/18 September
17/18 September 2018
Slide 14: Refurbish - Charterhouse Square
REFURBISH - 25 CHARTERHOUSE SQUARE 17/18 September 2018 US Investor Trip - New York and Boston - 2018
Slide 15: Reposition - The Loom
REPOSITION - THE LOOM 17/18 September 2018 US Investor Trip - New York and Boston - 2018 15
Slide 16: 17/18 September 2018
17/18 September 2018 16
Slide 17: Recycled equity - C Space
RECYCLED EQUITY - C SPACE Acquired June 2013 £17.6m Refurbishment completed £21.0m Total Cost £38.6m Sold November 2017 £74.0m Realised capital profit £35.4m Unleveraged IRR 21.3% Leveraged IRR 43.5% 17/18 September 2018 US Investor Trip - New York and Boston - 2018 7
Slide 18: Recycled equity - sale September 2018
Acquired March 2000 £12.8m Refurbishment completed 2001 £20.5m Total Cost £33.3m Sold September 2018 £125.3m Realised capital profit £92.0m Unleveraged IRR 12.1% Leveraged IRR 15.5% 17/18 September 2018 18
Slide 19: Recycled equity - Broadway House
RECYCLED EQUITY - BROADWAY HOUSE Acquired January 2012 £14.1m Refurbishment completed £5.5m Total Cost £19.6m Sold November 2016 £34.5m Realised capital profit £14.9m Unleveraged IRR 18.4% Leveraged IRR 32.2% 17/18 September 2018 US Investor Trip - New York and Boston - 2018 19
Slide 20: Technology and workplace change
* 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 21: Tenants by building
| a fim -_ The Loom 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 151,000 sq ft 53,000 sq ft The Tower, The Bower 2+ tenants 31 Booth Street 2+ tenants 181,500 sq ft 25,000 sq ft 25 Charte
Slide 22: Workspace
.7 = SS G oi OF F WORKSPACE 17/18 September 2018 US Investor Trip - New York and Boston - 2018
Slide 23: } Barbara
} Barbara Hepworth 17/18 September 2018 23
Slide 24: 17/18 September 2018
17/18 September 2018 24
Slide 25: 17/18 September 2018
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Slide 26: 17/18 September 2018
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Slide 27: US Investor
US Investor Trip - New York and Boston - 2018
Slide 28: Public realm
PUBLIC REALM One Creech irch Place 17/18 September 2018 US Investor Trip - New York and Boston - 2018
Slide 29: Public realm
PUBLIC REALM ‘= 3.35'Dale street; Manchester 7 POWER ROAD STUDIOS nid UN The Bower US Investor Trip - New York and Boston - 2018
Slide 30: Public realm
PUBLIC REALM The Bower 17/18 September 2018 US Investor Trip - New York and Boston - 2018
Slide 31: 17/18 September 2018
17/18 September 2018 3
Slide 32: Cafes, restaurants and bars
CAFES, RESTAURANTS AND BARS Fanze & E¥ensiat The Bower 17/18 September 2018 US Investor Trip - New York and Boston - 2018
Slide 33: The Shoreditch Grind at The Bower
17/18 September 2018 * The Shoreditch Grind at The Bower 33
Slide 34: 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 17/18 September 2018 US Investor Trip - New York and Boston - 2018
Slide 35: One Creechurch Place
fe Creechtirch Place 17/18 September 2018 US Investor Trip - New York and Boston - 2018
Slide 36: Shower and cycle facilities
SHOWER AND CYCLE FACILITIES One Creechurch Placess = === 17/18 September 2018 US Investor Trip - New York and Boston - 2018
Slide 37: 17/18 September 2018
17/18 September 2018 37
Slide 38: Helical Hanover Square
HELICAL 5 Hanover Square London WIS 1HQ 0207 629 O113 www.helical.co.uk @helicalple reception@helical.co.uk