Helical Plc · LSE:HLCL
Helical — Non-Deal Roadshow (October 2019)
38 slides from Helical's roadshow presentation, October 2019
Slide 1: Helical Manchester Property Tour October 2019
y/ HELICAL MANCHESTER PROPERTY TOUR OCTOBER 2019
Slide 2: Helical Manchester Property Tour schedule
HELICAL MANCHESTER PROPERTY TOUR - 38° OCTOBER 2019 2.45 pm Presentation - Lee House Reception 3.00 pm Tour - Churchgate & Lee 3.30 pm Tour - Trinity 4.00 pm Finish @helicalplc | Helical plc | helical.co.uk
Slide 3: The Team Today
THE TEAM TODAY Matthew Bonning-Snook Property Director Tom Anderson Senior Investment Executive James Moss Company Secretary & Group Financial Controller Will Parry Senior Property Executive @helicalplc | Helical ple | helical.co.uk
Slide 4: Why Manchester
WHY MANCHESTER @helicalplc | Helical plc | helical.co.uk
Slide 5: Why Manchester
WHY MANCHESTER Take up (sq ft) 2,000,000 1,800,000 1,600,000 1,400,000 1,200,000 1,000,000 800,000 600,000 400,000 200,000 12% 2 Som a § = 8% & ox tel Bow 3 2% mmm City Centre "10 Year Average £38 £36 £34 £32 £30 £28 Top Rent pst £26 £24 £22 £20 Manchester office rents have risen by nearly 10% in th
Slide 6: Helical in Manchester
HELICAL INMANCHESTER * Focus on acquiring buildings capable of being repositioned to provide multi-let design led, characterful office space with market leading amenities, high quality management and a flexible approach to leasing * 73% of office take up - less than £25 psf * 30% of office supply -
Slide 7: Manchester Portfolio
MANCHESTER PORTFOLIO “NORTHERN by ORG 6. \ °. ER SPINNINGFIELDS (iit EE Ral . "aa Quay Se “es CHINA T OF ammem © DEANS GATE La] EET a Manchester Piccadilly 3 2 GAY VICLAGE . 4 Fairfield st «o xs oe aN ; Fi, m4 . an nT | F; A ef re ~/ 2 va if 18 Teel Oxford Road & AST(M) "ép ‘A ZS A635 v « * om 4 A c
Slide 8: Dale Street, Manchester
35 DALE STREET, MANCHESTER 55,243 sq ft multi let office building * Acquired March 2015 for £7.4m (£140 psf NIA) 6.4% NIY + Average rent at acquisition £12 psf * Comprehensive refurbishment of offices and common parts including new entrance, reception, onsite cafe, bike store and showers * 96% let.
Slide 9: @helicalplc
@helicalplc | Helical plc | helical.co.uk 9
Slide 10: Dale Street, Manchester - Reception
35 DALE STREET, MANCHESTER RECEPTION
Slide 11: Before
BEFORE @helicalplc | Helical ple | helical.co.uk 1
Slide 12: Couchbase
COUCHBASE @helicalple | Helical ple | helical.co.uk 12
Slide 13: @helicalple
@helicalple | Helical ple | helical.co.uk 13
Slide 14: 42,789 sq ft offices, 16,278 sq ft leisure/retail
42,789 sq ft offices. 16,278 sq ft leisure/retail * Acquired July 2018 for £16.5m (£280 psf NIA). 5.3% NIY * Off market acquisition of a Grade 2 listed, freehold office building in the Northern Quarter of Manchester + Located on Hilton Street, to the rear of 35 Dale Street and adjacent to the Piccad
Slide 15: Slide 15
Slide 16: @helicalple
@helicalple | Helical ple | helical.co.uk 16
Slide 17: Existing Atrium
EXISTING ATRIUM @helicalple | Helical ple | helical.co.uk 7
Slide 18: Proposed Atrium
PROPOSED ATRIUM < @helicalplc | Helical ple | helical.co.uk 18
Slide 19: 245,301 sq ft multi let office building
245,301 sq ft multi let office building * Acquired March 2014 for £34m (£138 psf NIA). 5% NIY * Churchgate and Lee are interlinked buildings providing an NIA of 246,032 sq ft with shared car parking for 141 vehicles * Phased refurbishment strategy. Comprehensive refurbishment of common parts and off
Slide 20: Churchgate & Lee, Manchester
CHURCHGATE & LEE, MANCHESTER @helicalplc | Helical plc | helical.co.uk
Slide 21: Churchgate & Lee, Manchester - Churchgate Reception
CHURCHGATE & LEE, MANCHESTER 4 FU BM We Pe POP UE OP ee a Oe ae Oe ee ee ee er \ | ware) ware CHURCHGATE RECEPTION
Slide 22: @helicalplc
@helicalplc | Helical plc | helical.co.uk 22
Slide 23: Slide 23
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no < x i ie Uo o o | | Bs 5 elem! F bea z ile Wes j jie 1 ot NES. a 3 lf es Ete y je- poles F : ES sy — — 2g wi 24 @helicalplc | Helical plc | helical.co.uk
Slide 25: Churchgate & Lee, Manchester - Courtyard Scheme
CHURCHGATE & LEE, MANCHESTER - COURTYARD SCHEME
Slide 26: Bani
Bani @helicalple | Helical ple | helical.co.uk 26
Slide 27: 54,960 sq ft offices, 4,090 sq ft retail / restaurant
54,960 sq ft offices, 4,090 sq ft retail / restaurant * Acquired in May 2017 for £12.9m (£235 psf NIA) * £6.35m construction spend (£108 psf NIA) * Redevelopment of 59,050 sq ft building located between the traditional CBD and Spinningfields * Grade A refurbished office space behind a historic facad
Slide 28: THE APE ANI } APPLE
THE APE ANI } APPLE Ww. ws = st ; i gr | | # a @helicalplc | Helical ple | helical.co.uk 28
Slide 29: Trinity, Manchester
TRINITY, MANCHESTER ACTUAL / ne J @helicalplc | Helical plc | helical.co.uk 29
Slide 30: Trinity, Manchester
TRINITY, MANCHESTER ACTUAL @helicalple | Helical ple | helical.co.uk 30
Slide 31: Trinity, Manchester
TRINITY, MANCHESTER ACTUAL 7'4 FLOOR @helicalplc | Helical plc | helical.co.uk
Slide 32: Trinity, Manchester - 7th Floor Terrace
TRINITY, MANCHESTER ACTUAL 7™4 FLOOR TERRACE @helicalple | Helical ple | helical.co.uk 32
Slide 33: 7A Be
7A Be FO Be Fe ea eee eee @helicalple | Helical ple | helical.co.uk 33
Slide 34: Profit Before Tax and key metrics
PROFIT BEFORE TAX (2018: £30.8m) TOTAL DIVIDEND PER SHARE (2018: 9.50p) SALE/VALUATION GAIN (2018: £40.7m) NET RENTAL INCOME (2018: £36.1m) EPRA NAV PER SHARE (31 March 2018: 468p) EPRA TRIPLE NAV PER SHARE (31 March 2018: 448p) TOTAL ACCOUNTING RETURN (2018: 5.3%) SEE-THROUGH LOAN TO VALUE (31 Marc
Slide 35: Helical Performance Compared with MSCI Indices - March 19
HELICAL PERFORMANCE COMPARED WITH MSCI INDICES - 31 MARCH 2019 —Helical MSCI Annual March All Properties Universe - Upper quartile 6 —SCI Central London Offices Total Return Index - Upper quartile 4 12 10 % 8 6 4 2 oO 20 years 10 years 5 years 3 years 1 year Investment Portfolio 20 Years 10 years 5
Slide 36: 1 year stock price performance
1 year stock price performance (rebased to Helical) Share price (GBP) Helical FTSE 350 RE 4.1 3.9 13.7% 3.7 3.5 1.2% 3.3 3.1 2.9 2.7 2.5 Sep-18 Nov-18 Jan-19 Mar-19 Apr-19 Jun-19 Aug-19 Sep-19
Slide 37: Disclaimer
DISCLAIMER Whilst we have taken all reasonable care to ensure that the information and material contained in this presentation is accurate at the time of its distribution, no representation or warranty, express or implied, is made as to its accuracy or completeness. The presentation should not be co
Slide 38: Helical contact details
HELICAL 5 Hanover Square London WIS IHQ 0207 629 O113 www.helical.co.uk @helicalple reception@helical.co.uk