Crest Nicholson Holdings PLC · LSE:CRST
Crest Nicholson — Shareholder Meeting (2005)
57 slides from Crest Nicholson's shareholder meeting presentation, May 3, 2005
Slide 1: Crest Nicholson PLC
CREST NICHOLSON PLC ABCDEFGHIJ
Slide 2: Agenda
AGENDA ABCDEFGHIJ 1. Financial results summary 2. Land and project acquisition update 3. Crest and its business – Traditional – Urban regeneration
Slide 3: Financial Highlights
Financial Highlights (for year ended 31st October 2004) ABCDEFGHIJ 2004 2003 Increase Continuing Turnover £643.2m £550.5m +17% Operating Profit £94.9m £87.3m +9% Pre-tax Profit £82.1m £74.6m +10% Earnings Per Share 49.4p 45.2p +9% Dividends Per Share 12.3p 11.0p +12% Net Assets per Share 260p 224p +
Slide 4: Housing Sales Analysis
Housing Sales Analysis (for year ended 31st October 2004) ABCDEFGHIJ 2004 2003 % Units Open market 1,812 1,628 +11% Affordable 712 308 +131% Total housing units 2,524 1,936 +30% Average selling price £k Open market 244 258 -5% Affordable 123 140 -12% Total housing ASP 210 239 -12% Turnover £m Open m
Slide 5: Sales value of October 2004 land bank
Sales value of October 2004 land bank – build out basis Whole Site £m Sales Taken £m Projected Sales £m ABCDEFGHIJ (note) Bristol Harbourside 334 28 306 Park Central, Birmingham 278 22 256 Ingress Park, Greenhithe 236 109 127 Bolnore Village, Haywards Heath 217 68 149 Braydon Mead, Swindon 210 37 17
Slide 6: Projects contracted and agreed
Projects contracted and agreed ABCDEFGHIJ Units Commercial Projected Sq Ft 000’s Sales £m (note) Contracted at October 2004 15,060 1,833 3,313 Contracted since October 2004 1,175 273 Agreed but not yet contracted 5,190 878 Total contracted and agreed 21,425 2,984 Note: Crest estimates of future deve
Slide 7: Projects contracted since October 2004
Projects contracted since October 2004 ABCDEFGHIJ Units Commercial Sq Ft 000’s Camberley Town Centre 218 214 Bath Western Riverside Phase 1 552 59 (CN share of JV) Others 405 Total 1,175 273
Slide 8: Projects agreed but not yet contracted
Projects agreed but not yet contracted Units Commercial ABCDEFGHIJ Sq Ft 000’s Oakgrove, Milton Keynes (CN share) 1,070 103 Bath Western Riverside Phase 2&3 (CN 1,200 375 share of JV) Aylesbury Town Centre 404 330 Penarth Heights 440 Other agreed urban regeneration projects 415 70 Other traditional
Slide 9: Strategic land bank track record
Strategic land bank track record ABCDEFGHIJ Proportion of additions to short term land bank 38% p.a. from strategic land buying (5 year average) Proportion of units in the October 2004 short 44% term land bank originating from strategic land Strong strategic land performance
Slide 10: Current strategic land prospects
Current strategic land prospects ABCDEFGHIJ Plots which are either included or 2,799 recommended by an Inspector for inclusion in a draft Local Plan Recommended plots average discount to 31% Crest’s estimate of serviced land value ….and good prospects for further recommended allocations….
Slide 11: Crest Nicholson and its Business
ABCDEFGHIJ CREST NICHOLSON AND ITS BUSINESS STANDING OUT STANDING APART
Slide 12: Scope of Business
Scope of Business ABCDEFGHIJ CREST NICHOLSON Traditional Sustainable House Building Development
Slide 13: Crest Area of Operations
ABCDEFGHIJ Crest Area of Operations
Slide 14: Traditional Building
Traditional Building A Better Standard ABCDEFGHIJ CREST NICHOLSON Traditional Sustainable House Building Development Traditional estates Concept schemes Strategic land
Slide 15: Standard Estate Development
Standard Estate Development ABCDEFGHIJ
Slide 16: Bourneville, Crest Quality and Design
Bourneville, Crest Quality and Design ABCDEFGHIJ
Slide 17: Mill Hill, Crest Quality and Design
Mill Hill, Crest Quality and Design ABCDEFGHIJ
Slide 18: Concept Scheme - Portishead
Concept Scheme - Portishead ABCDEFGHIJ
Slide 19: Concept Scheme - Greenhithe
Concept Scheme - Greenhithe ABCDEFGHIJ
Slide 20: Sustainable Development
Sustainable Development ABCDEFGHIJ CREST NICHOLSON Traditional Sustainable House Building Development Traditional estates Urban regeneration Concept schemes New communities Strategic land
Slide 21: Urban Regeneration
Urban Regeneration ABCDEFGHIJ
Slide 22: Types of Urban Regeneration
Types of Urban Regeneration ABCDEFGHIJ CREST NICHOLSON Traditional Sustainable House Building Development Traditional estates Urban regeneration Concept schemes 1. Town centres Strategic land 2. Brown land 3. Estate renewal New communities
Slide 23: Estimated Size of the Urban Regeneration Market
Estimated Size of the Urban Regeneration Market (England) Type of Accommodation ABC Per Annum DEFGHIJ Current Production (starts 2002/3) 140,000 Additional Production 70,000 Current affordable 13,000 Additional affordable 17,000 Unsuitable Homes Backlog 9,000 Total Production Requirement 249,000 Urb
Slide 24: Town Centre Regeneration
Town Centre Regeneration ABCDEFGHIJ CREST NICHOLSON Traditional Sustainable House Building Development Traditional estates Urban regeneration Concept schemes 1. Town centres Strategic land
Slide 25: Town Centre – Regeneration Projects
Gloucester Docks Aylesbury ABCDEFGHIJ Harbourside Hemel Hempstead Bath Camberley Crawley Farnham Town Centre – Regeneration Projects
Slide 26: Harbourside - Bristol
Harbourside - Bristol ABCDEFGHIJ
Slide 27: Mixed use – Hemel Hempstead
Mixed use – Hemel Hempstead ABCDEFGHIJ
Slide 28: Hemel Hempstead - Scale of Operations
Hemel Hempstead- Scale of Operations ABCDEFGHIJ
Slide 29: Brown Land Regeneration
Brown Land Regeneration ABCDEFGHIJ CREST NICHOLSON Traditional Sustainable House Building Development Traditional estates Urban regeneration Concept schemes 1. Town centres Strategic land 2. Brown land New communities
Slide 30: Portishead – Industrial Contamination
Portishead – Industrial Contamination ABCDEFGHIJ
Slide 31: Greenhithe - Dereliction
Greenhithe - Dereliction ABCDEFGHIJ
Slide 32: Greenhithe - Dilapidation
Greenhithe - Dilapidation ABCDEFGHIJ
Slide 33: Clearance and decontamination
Clearance and decontamination ABCDEFGHIJ
Slide 34: Community Focus - Portishead
Community Focus - Portishead ABCDEFGHIJ
Slide 35: Community Focus - Greenhithe
Community Focus - Greenhithe ABCDEFGHIJ
Slide 36: Quality of Environment
Quality of Environment ABCDEFGHIJ
Slide 37: Estate Renewal
Estate Renewal ABCDEFGHIJ CREST NICHOLSON Traditional Sustainable House Building Development Traditional estates Urban regeneration Concept schemes 1. Town centres Strategic land 2. Brown land 3. Estate renewal New communities
Slide 38: Destruction of Established Communities
Destruction of Established Communities ABCDEFGHIJ
Slide 39: Urban Decline and Abandonment
Urban Decline and Abandonment ABCDEFGHIJ
Slide 40: Concentration of Urban Poor
Concentration of Urban Poor ABCDEFGHIJ
Slide 41: Unsuitable Environments
Unsuitable Environments ABCDEFGHIJ
Slide 42: Failed Communities
Failed Communities ABCDEFGHIJ
Slide 43: Abandoned after Years
Abandoned after 40 Years ABCDEFGHIJ
Slide 44: Regeneration through mixed tenure
Regeneration through mixed tenure ABCDEFGHIJ
Slide 45: Modern well designed homes
Modern well designed homes ABCDEFGHIJ
Slide 46: Quality amenities improve quality of Life
Quality amenities improve quality of Life ABCDEFGHIJ
Slide 47: Attractions of City Living
Attractions of City Living ABCDEFGHIJ
Slide 48: Long term community management is a vital component
Long term community management is a vital component ABCDEFGHIJ A Physical and Intellectual Product
Slide 49: Objective to bring youth, skills and vitality back to our cities
Objective to bring youth, skills and vitality back to our cities ABCDEFGHIJ
Slide 50: New Communities
New Communities ABCDEFGHIJ CREST NICHOLSON Traditional Sustainable House Building Development Traditional estates Urban regeneration Concept schemes 1. Town centres Strategic land 2. Brown land 3. Estate renewal New communities
Slide 51: Bidding for Major Government Sponsored Projects
Bidding for Major Government Sponsored Projects ABCDEFGHIJ
Slide 52: Millennium Community
ZAQAKGROVE ILLENNIUM COMMUNITY
Slide 53: Creating townscape of distinction – The evolved Master Plan
ABCDEFGHIJ Creating townscape of distinction – The evolved Master Plan
Slide 54: Diversity and Character
Diversity and Character ABCDEFGHIJ Traditional and Contemporary
Slide 55: Ingress Park
Ingress Park ABCDEFGHIJ Creating Places Where People Want to Live
Slide 56: Hyde Plus - Community Building
ABCDEFGHIJ Hyde Plus - Community Building • Neighbourhood Management • Resident and Community Involvement • Employment and Training Skills • Working With Young and Old People
Slide 57: Standing Out, Standing Apart
STANDING OUT STANDING APART ABCDEFGHIJ Crest has ; Developed its expertise over the last 5-7 years An unparalleled record in the delivery of quality living environments Invested in the management and systems required to deliver Crest is ; The developer of choice for many landowners in the public and