Sutton Harbour Group Plc · LSE:SUH
Sutton Harbour — H1 2018 Earnings Presentation
13 slides from Sutton Harbour's earnings presentation, December 2017
Slide 1: Interim Results for the six month period ended 30 September 2017
Interim Results for the six month period ended 30 September 2017 December 2017 Graham Miller – Chairman Jason Schofield – Chief Executive Natasha Gadsdon – Finance Director - Interim Presentation - 30 September 2017 1 -
Slide 2: Sutton Harbour Holdings plc Income Statement
Sutton Harbour Holdings plc Income Statement • Marine Operations and Waterfront Destination Specialist Net Asset Value H1 Revenue -543 berths in two marina locations £39.1m £3.473m -Plymouth Fisheries (2nd largest in England) -391 public car park spaces H1 LBT -144,533 sq ft of commercial investment
Slide 3: First half year 2017/18 Financial and Operational Highlights
First half year 2017/18 Financial and Operational Highlights Trading Result 30 Sept 2017 30 Sept 2016 Profit before tax (excluding £0.136m £0.232m revaluation, impairments) Loss before tax £(0.702)m £(0.038)m Balance Sheet 30 Sept 2017 31 March 2017 Net Assets £39.084m £40.141m Net Debt* £22.965m £2
Slide 4: Current strategic overview
Current strategic overview Current projects • Future opportunities - A Partial Offer for the shares in the Company was announced on 23 November 2017. • Unlocking regeneration opportunities - the Company has prepared representations from its detailed evidence base in readiness for the public hearing
Slide 5: Results Income Statement
Results Income Statement • Revenue Summary Income 30 Sept 17 30 Sept 16 Statement £000 £000 - undermined by unusually slow trading by Revenue 3,473 3,633 Plymouth Fisheries during the first three months. Sustained recovery since September 2017. Cost of sales (2,155) (2,120) Gross Profit 1,318 1,513
Slide 6: Results Balance Sheet
Results Balance Sheet • Non current assets 30 Sept 31 March 2017 2017 - incorporating JLL valuation as at 30 Sept 2017. £000 £000 - valuation deficit against fisheries and marina Non-current assets 44,451 45,749 assets reflecting trading and expenditure. Current assets • Inventories - Inventories 20
Slide 7: Funding Cash position and banking
Funding Cash position and banking • Highlights Net debt movement Lease Net Bank Total 6m to 30 Sept 2017 Financing Debt - normal reduction in cash position Opening net debt (£0.4m) (£22.1m) (£22.5m) during H1 after fees and rents received in advance at start of the financial year. Movement £0.1m (£0
Slide 8: Results Segmental performance
Results Segmental performance • Overall Revenue 30 Sept 30 Sept 2017 2016 - stable performance by annuity trading £000 £000 businesses. Real Estate 765 808 • Real Estate Car Parking 309 296 - results undermined by void units, but Regeneration - - occupancy stable compared to H2 last year. Marine 2,3
Slide 9: Property and regeneration: The investment portfolio
Property and regeneration The investment portfolio • General Investment Portfolio at 30 Sept 31 March valuation 2017 2017 - stability in valuation compared to £000 £000 valuation as at 31 March 2016. North Quay House 3,225 3,225 • North Quay House Barbican Market Estate 3,800 3,825 - 3rd floor vacan
Slide 10: Property and regeneration: The owner-occupied portfolio
Property and regeneration The owner-occupied portfolio • The Marina at Sutton Harbour Owner occupied portfolio 30 Sept 31 Mch at valuation £000 2017 2017 - demand for annual berths remains steady £000 £000 although visitor berthing was 24% up on H1 last Marina at Sutton Harbour 11,750 12,000 year. P
Slide 11: Property and regeneration: Current project inventory
Property and regeneration Current project inventory • Sites around Sutton Harbour Project inventory 30 Sept 31 March 2017 2017 - full MMO license for ‘Boardwalk’ scheme £000 £000 expected by end of financial year. Sites around Sutton 8,305 8,303 - Sugar House, East Quay – project under Harbour revie
Slide 12: Summary
Summary The Vision - to further develop Sutton Harbour as a leading visitor destination. New Development - the Company awaits the outcome of the new Joint Local Planning Framework public hearing. Core activities - continued investment to improve operations resilience and customer service. Partial Of
Slide 13: Contact us
Contact us at: Tin Quay House, Sutton Harbour, Plymouth PL4 0RA Tel: 01752 204186 www.sutton-harbour.co.uk - Interim Presentation - 30 September 2017 13 -