Pristine Capital Plc · LSE:PRIS
Pristine Capital — Investor Presentation (October 2024)
23 slides from Pristine Capital's investor presentation, October 2024
Slide 1: Pristine Capital Plc Investor Presentation October 2024
PRISTINE CAPITAL PLC (PRIS.L) “VALUE CREATION THROUGH ACTIVE MANAGEMENT” Investor Presentation October 2024 Pristine Capital Plc– Investor Presentation – October 2024
Slide 2: Agenda
AGENDA 1. Introduction 2. Management Expertise 3. The Real Estate Market Opportunity 4. Gap in the Real Estate Sector 5. The Investment Opportunity Pristine Capital Plc– Investor Presentation – October 2024 2
Slide 3: Introduction
INTRODUCTION Pristine Capital Plc – formerly More Acquisitions Plc a cash shell Listed on the Main Market of the London Stock Exchange (PRIS.L) Raised £1.2M in March 2022 Previous management not successful in respect of a Reverse Takeover (RTO) January 2024, Neil Sinclair, Stanley Davis and Andrew P
Slide 4: The Team Expertise
THE TEAM EXPERTISE Pristine Capital Plc– Investor Presentation – October 2024
Slide 5: Management Experience
MANAGEMENT EXPERIENCE Neil Sinclair Stanley Davis Andrew Perloff • Chairman • NED • Investor • Listed 3 companies • Serial entrepreneur • Founded Panther Securities creating significant • Founded & sold main plc in 1972 shareholder value business for £100m • Increased NAV from 2p to • 50+ years of e
Slide 6: Proven Success Creating Shareholder Value
PROVEN SUCCESS CREATING SHAREHOLDER VALUE What we did at Palace Capital plc • Acquisitions of company structures owning good quality properties • Raised fresh equity to fund corporate transactions • Significant savings on Stamp Duty • £29m of inherent losses, resulting in limited tax charge from 201
Slide 7: Case Study
CASE STUDY Pristine Capital Plc – Investor Presentation – May 2024 7
Slide 8: Hudson Quarter, York
HUDSON QUARTER, YORK 100,000 sq.ft office building known as Hudson House acquired as part of Quintain portfolio. Valued at £3.8m on acquisition 80,000 sq. ft vacant costing Quintain c£600k per annum net Positive cash flow within 12 months. Planning consent secured in 2017 , for 127 apartments & 35,0
Slide 9: Before
BEFORE Pristine Capital Plc – Investor Presentation – October 2024 9
Slide 10: After
AFTER Pristine Capital Plc – Investor Presentation – October 2024 10
Slide 11: The Commercial Real Estate Market Opportunity
THE COMMERCIAL REAL ESTATE MARKET OPPORTUNITY Pristine Capital Plc– Investor Presentation – October 2024 11
Slide 12: Why Now?
WHY NOW? Commercial Real- Estate market Alternative funding sources increasingly available - including a conditions mirror those seen in 2012 "Golden opportunity" to significant family office, where vendors are willing to accept ordinary shares as acquire overleveraged part payment & remain a strate
Slide 13: Real World Examples
REAL WORLD EXAMPLES • 250,000 sq ft mainly office & • Three office buildings, totalling • Multi-let office building totalling retail complex, acquired by an 142,000 sq ft, acquired in 2014 155,000 sq ft institution in 2014, for £81.75m for £43.5m by NatWest Pension • Acquired by Palm Capital for and
Slide 14: Commercial Real Estate Outlook
COMMERCIAL REAL ESTATE OUTLOOK Macro environment Real estate Investors • UK interest rates cycle • Commercial property • Focus on the right • UK economy expected values stabilising assets that can deliver to grow • Re-financing debt is income and capital • There is now political leading to significa
Slide 15: Gap in the Real Estate Sector
GAP IN THE REAL ESTATE SECTOR Pristine Capital Plc– Investor Presentation – October 2024 15
Slide 16: The Investor Opportunity in the Real Estate Sector Is Small-Mid Cap
THE INVESTOR OPPORTUNITY IN THE REAL ESTATE SECTOR IS SMALL-MID CAP Small-mid cap real estate companies have grown significantly While some larger–cap property companies have a market cap today that is no larger than 25 years ago, some small-mid caps have grown very significantly: • St Modwen PLC –
Slide 17: Commercial Real Estate Outlook
COMMERCIAL REAL ESTATE OUTLOOK Macro environment Real estate Investors • UK interest rates cycle • Commercial property • Focus on the right • UK economy expected values stabilising assets that can deliver to grow • Re-financing debt is income and capital • There is now political leading to significa
Slide 18: Current Deal Pipeline
CURRENT DEAL PIPELINE Transaction #1 Transaction #2 Transaction #3 •Mixed use commercial portfolio valued at £30m- •Private property company whose assets were •Private property company whose assets are £50m valued at c.£100m in 2023 worth c. £20m •Owned by significant private family •Bank debt of c.
Slide 19: Summary
SUMMARY Significant management expertise Distressed Real Estate market presents opportunity to rapidly create a high income and high growth portfolio Gap in the sector for a high-growth small-mid cap property investment play Alternative funding available to listed entities through issue of ordinary
Slide 20: Appendix
APPENDIX Pristine Capital Plc – Investor Presentation – May 2024 Pristine Capital Plc– Investor Presentation – October 2024 20
Slide 21: Success at Palace Capital
SUCCESS AT PALACE CAPITAL Stanley Davis stood down as Chairman on 31 December 2021 Neil Sinclair stood down as CEO on 14 June 2022, following Board decision to liquidate the portfolio Record results announced on day of CEO’s departure reflecting his successful partnership with Stanley Davis Investor
Slide 22: Shareholder Success at Palace Capital
SHAREHOLDER SUCCESS AT PALACE CAPITAL* Adjusted earnings up 12.5% 28% Net Income up 27.5% Adjusted profit up 4% 3% • Total property • Loan to value return • Total accounting Basic earnings per return 14.8% IFRS Profit up £30.1m Dividend up 26.2% share up 65.1p 14 98% • Buildings sold • Rent collecti
Slide 23: Thank You
THANK YOU Neil Sinclair, Executive Chairman Email: nsinclair@londonactive.com Tel: +44 (0)7785 226666 Address: Meridien House, 42 Upper Berkeley Street, London, W1H 5QL Web: www.pristinecapitalplc.com (PRIS.L) Pristine Capital Plc Pristine Capital Plc –– Investor Investor Presentation Presentation –
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