Slide 1: ea Seale
ea Seale
Slide 2: Agenda
HELICAL Agenda 1/ 2/ 3/ 4/ 5/ 6/ Strategic Achievements Matthew Bonning-Snook Financial Results Tim Murphy Our Portfolio Rob Sims Funding the Opportunity James Moss Looking Forward Matthew Bonning-Snook Appendices 12 22 30 34
Slide 3: Slide 3
Slide 4: Revised business strategy
HELICAL @helicalplc | Helical plc | helical.co.uk 4 Revised business strategy A central London development focused business delivering best-in-class, typically large-scale office projects, but increasingly alternative uses, in joint ventures or via equity light structures, in well-located, under sup
Slide 5: Past 12 months — activity & achievements
HELICAL £43.5m Past12 months — activity & achievements Sale of 25 Charterhouse Square for £155m development facility signed for 100 New Bridge Street agreement signed for Brettenham 2024 Formation of 100 New Bridge Street joint venture returning £55m of equity interest in The JJ Olfice move to Schem
Slide 6: Central London office market overview
HELICAL @helicalplc | Helical pic | helical.co.uk Central London office market overview “A clear trend of occupiers taking more space of better quality, rather than the “less but better” “trend” 78% Expanded 22% Contracted Net absorption c.3.25m sq ft Take-up by quarter 140 120 10.0 80 Millions sq f
Slide 7: Financial Results
FIN .L RESULTS
Slide 8: Financial results
HELICAL @helicalplc | Helical pic | helical.co.uk 8 Financial results EPRA TAR VALUATION GAIN SALE/REVALUATION GAIN. 9 £32.2 3 5.8% M (2024: -31.4%) (INC SALES & PURCH: 3.5%) (2024: LOSS OF £188.6m) EPRA NTA PER SHARE NET ASSET VALUE PORTFOLIO VALUE £426.1m £540.4m | in (31MARCH 2024: 331p) (31 MARC
Slide 9: EPRA and IFRS profit
HELICAL EPRA and IFRS profit 40 EPRA EPS 2.2p 35 (2024: 3.5p) £32.2m 30 (€3.3m) 25 20 £19.6m, (£1.9m) 16 (109m) (£9.2m) 5 Net Rents Net Development Administrative Netfinance Expense on Other EPRA profit Net gainonsale Expenseon —_ Financial Other IFRS profit after development staff costs costs costs
Slide 10: EPRA NTA per share
HELICAL EPRA NTA per share 400.0 380.0 360.0 340.0 320.0 300.0 EPRANTA Net gain onsale and Expense of restructuring RCF Dividends paid EPRANTA 31March 2024 revaluation 31March 2025 Year to 31 March 2024 493.29 3.6p (153.3p) - (11.8p) (0.9p) 330.79 *Including 5.6p relating to the sale of the 50% inte
Slide 11: Dividends
HELICAL @helicalplc | Helical plc | helical.co.uk 1 Dividends FINAL DIVIDEND OF 3.50P e Recommended on the back of a strong balance sheet and record low gearing levels as well as realised capital profits DIVIDEND POLICY e The Group’s Dividend Policy is to seek to distribute minimum PID plus a propor
Slide 12: Slide 12
Slide 13: Pipeline delivery
HELICAL @helicalpic | Helical pic | helical.co.uk 13 Pipeline delivery Sal a . : "I ani. as \ “ an Aq “Rabat $ ee i ai HO King William Street| Southwark 110 King William Street PC April 2026 PC 4 2026 PC Q3 2028 Site Drawdown Southwark October 2024 Forward Fund Q3 2025 2024 2026 2028 2027 2025 Brett
Slide 14: 100 New Bridge Street, EC4
HELICAL Ghelicalplc| Helical plc | helical.co.uk 100 New Bridge Street, EC4 WNT See nus BD DaEaess wuz Forward sale agreement exchanged in A\ S&P 500 listed global business for its ow Net sale price of £333m (£166.5m Helica > £100 psf ERV and 5.00% capitalisatio > Capital value of £1,712 psf (£2,000
Slide 15: Brettenham House, WC2
HELICAL @helicalplc | Helical pic | helical.co.uk Brettenham House, WC2 Equity-light joint venture arrangements with the long leaseholder have completed Helical continue to contribute towards the construction costs via £12.5m secured loan arrangement Significant progress has been made on the reposit
Slide 16: 10 King William Street, EC4
HELICAL @helicalplc | Helical plc | helical.co.uk 16 10 King William Street, EC4 | e The island site located in the supply-constrained City core above Bank Station was purchased in joint venture with Places for London in October 2024 e McLaren appointed as main contractor in February 2025 e Simultan
Slide 17: Southwark, SE1
HELICAL @helicalplc| Helical plc | helical.co.uk 7 Southwark, SE1 e Resolution to grant planning permission for 429 studio room PBSA building and 44-unit affordable housing building was received in March 2025 e The design development will continue during the summer with work on site anticipated to s
Slide 18: Paddington, WC2
HELICAL @helicalplc | Helical pic | helical.co.uk Paddington, WC2 The site is located over the canal level eastern entrance to Paddington Station and is due to be purchased in January 2026 The design team continue to look to enhance the existing planning permission which provides for a 19-storey bui
Slide 19: The Bower, EC1
HELICAL @helicalple | Helical pic | helical.co.uk 19 The Bower, EC1 e Beyond the Bower, our serviced office provision on 1st and 24 floors, is now fully occupied e The 3'4, 5' and 6" floors have now been refurbished and are being actively marketed offering fitted space e The 4 floor was let at £72.5
Slide 20: The Loom, E1
HELICAL @helicalplc | Helical plc | helical.co.uk 20 The Loom, E1 e We have completed 7 new lettings across 10 units, totalling 18,918 sq ft and completed 6 lease renewals, totalling 14,361 sq ftin the period ¢ Allowing for lease expiries, the vacancy rate has reduced from 35% to 29% e We continue t
Slide 21: Key takeaways
HELICAL @helicalplc | Helical plc | helical.co.uk 21 Key takeaways Positive momentum building across the development pipeline Active asset management driving rental income New schemes being actively evaluated 100'New Bridge Street
Slide 22: Funding the Opportunity
FUNDING THE OPPORTUNITY James Moss — CFO Designate
Slide 23: Funding the pipeline
HELICAL @helicalplc | Helical plc | helical.co.uk 23 Funding the pipeline SALES IN THE YEAR e Investment property sales of £245m NEW DEBT FACILITIES e £155m development facility (Helical share: £77.5m) for 100 New Bridge Street, with a 4-year term and 1-year extension option e £125m development faci
Slide 24: £245m of sales in the year
HELICAL @helicalplc | Helical plc | helical.co.uk 24 £245m of sales in the year 25 CHARTERHOUSE SQUARE 100 NEW BRIDGE STREET THE Jd MACK BUILDING THE POWER HOUSE e On 25 April 2024 sale © Completed 50% joint e Our 50% interest in the e The Power House, a listed completed of the 42,921 sq venture on
Slide 25: Loan to value and net debt
HELICAL Loan to value and net debt £1,400 £1,200 Portfolio value £1,000 £800 £600 £400 £200 Net debt £0 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Slide 26: Committed capex and LTV
HELICAL @helicalplc | Helical pic | helical.co.uk 26 Committed capex and LTV Committed Sale of Capex to Pro-forma! 100 Pro-forma? 31 March 31 March 31 March New Bridge 31 March 2025 2026 2026 Street 2026 Portfolio fair value £540.4m £111.2m £651.6m (£141.7m) £509.9m Net debt £112.8m £111.2m £224.0m
Slide 27: New debt facilities
HELICAL New debt facilities £155M 100 NEW BRIDGE STREET DEVELOPMENT FACILITY e In May 2024 we arranged a £155m development facility (Helical share: £77.5m) with NatWest and an institutional lender with a 4- year term and 1-year extension option e Interest rate of 8.5% (fully hedged) now reduced to 7
Slide 28: Debt summary
HELICAL @helicalplc | Helical plc | helical.co.uk 28 Debt summary Drawn debt 100% hedged Fully drawn and extended maturity of borrowings was 4.0 years Cash and undrawn facilities of £244.5m Interest rate on secured investment facility of 3.8% Amount Maturity Total facilities £361.3m £379.9m | | Whol
Slide 29: Key takeaways
HELICAL @helicalplc | Helical plc | helical.co.uk 29 Key takeaways Strong balance sheet with LTV at historic low of 20.9% Funded the equity required for our development pipeline Increasing development management fees and promotes, with overheads reduced by 25% On completion of 100 New Bridge Street
Slide 30: Slide 30
Slide 31: Development profit potential
HELICAL @helicalplc | Helical plc | helical.co.uk 31 Development profit potential e Having taken £24m in this financial year the business plan anticipates future additional profits of £95m+ from the existing development pipeline (including development management fees) e With just 5% rental growth th
Slide 32: Looking ahead
HELICAL @helicalplc | Helical plc | helical.co.uk 32 Looking ahead ) Arrange debt financing for Paddington ri Add to existing pipeline with new projects
Slide 33: Helical summary
HELICAL @helicalplc | Helical plc | helical.co.uk 33 Helical summary Decisive action leaves pipeline and balance sheet positioned to drive strong returns Places for London joint partnership provides framework for further exciting schemes Reputation and relationships to source additional off- market
Slide 34: Appendices
HELICAL my) o O Append 1/ 2/ 3/
Slide 35: Slide 35
Slide 36: Sustainability benchmarks
HELICAL @helicalplc | Helical plc | helical.co.uk 36 Sustainability benchmarks 31 March 2025 31March 2024 88/100 87/100 5* 4* 96/100 92/100 5 4* DEVELOPMENTS C E Gold Gold MSCI & AAA AAA NX WCDP B B
Slide 37: Sustainability of portfolio
HELICAL @helicalplc | Helical plc | helical.co.uk Sustainability of portfolio Building ie BREEAM WELL Target Completed properties The Bower, EC1 B Excellent (2014) N/A N/A The Loom, E1 B Very Good (2014) N/A N/A Development pipeline 100 New Bridge Street, EC4 Al Outstanding (2018)? 5 stars Platinum4
Slide 38: Slide 38
Slide 39: Property portfolio
HELICAL @helicalplc | Helical plc | helical.co.uk 39 Property portfolio Area fal vacancy rateat Total vacancy rate at sq ft 31 March 2025 31 March 2024 London Portfolio Description (NIA) % Investment Properties The Warehouse and Studio, The Bower, EC1 Multi-let office building 151,439 8.2% 0.0% The
Slide 40: Investment portfolio metrics
HELICAL @helicalple | Helical plc | helical.co.uk 40 Investment portfolio metrics - Completed properties 379.8 71.0 856 21.3 34 03 0.6 - Development pipeline 155.5 29.0 462 n/a n/a 16.9" 29.1! Total 535.3 100.0 686 21.3 3.1 3.5 5.8 ‘Reflects revaluation gains on 100 New Bridge Street, EC4 forward so
Slide 41: Investment portfolio metrics
HELICAL @helicalplc | Helical plc | helical.co.uk 4 Investment portfolio metrics See-through Total Portfolio Contracted Rent £m Rent lost at break/expiry (4.4) lew lettings 3.6 Contracted rent reduced through sales (12.0) Net decrease in contracted rents in the Year (12.8) Year to 2026 Year to 2027
Slide 42: Capex budget and proposed equity
HELICAL @helicalplc | Helical plc | helical.co.uk 42 Pp Pp £m Proposed Equity 60 Capex Proposed equity Y budget to come tocome (Helical share) (Helical share) 50 £m fa Investment — committed 100 New Bridge Street, EC4 31.9 - 31.9 40 Brettenham House, WC2 8.9 8.9 = 10 King William Street, EC4 547 - 5
Slide 43: Portfolio yields
HELICAL @helicalplc | Helical plc | helical.co.uk 43 EPRA “Topped Up” Net . ' Initial Yield London Portfolio yields ze 50 2017 470 2018 4.51 2019 417 Yield % 2020 3.89 2021 455 7.00 2022 4.23 2023 4.01 2024 5.14 650 2025 4.96 True Equivalent Yield London 2016 5.62 6.00 2017 5.27 2018 5.30 2019 5.09
Slide 44: Letting activity — new leases
HELICAL @helicalple | Helical plc | helical.co.uk 44 Letting activity — new leases Completed - offices The Loom, E1 18,918 18,918 804,000 42.5 (3.8%) The Tower, The Bower,EC1 9,499 9,499 689,000 72.5 3.6% The JJ Mack Building, EC1! 44,104 22,052 2,084,000 94.5 1.2% Offices Total 72,521 50,469 3,577,
Slide 45: Tenant make-up
HELICAL @helicalplc | Helical pic | helical.co.uk 45 Tenant make-up (by contracted rent) Human Resources 5% Financial Products 6% IT Consultancy 7% Government/Charity 2% Restaurants 5% Media. 10% Advertising/Marketing 3% Business Consultancy 3% Other % Consumer services - other, 1% Online retailing
Slide 46: Top tenants at March 2025
HELICAL @helicalplc | Helical pic | helical.co.uk 46 Top 10 tenants at 381 March 2025 1 Farfetch Online retail £2.3m 11.3% 2 VMware Technology £2.2m 10.8% 3 Fresha.com Technology £2.0m 10.2% 4 Verkada Technology £1.9m 9.6% 5 Infosys Technology £14m 7.0% 6 Intercom Software Technology £1.2m 5.8% 7 Al
Slide 47: The Bower, EC1: occupation
HELICAL Ghelicalplc| Helical plc | helical.co.uk 47 The Bower, EC1: occupation THE TOWER THE WAREHOUSE & THE STUDIO 7 Verkada 11,827 9 Intercom Software UK 7,665 16 Verkada 11,306 8 Intercom Software UK 9751 18 Available 11331 7 Available 12,398 4 Incubeta UK 9,568 6 FarFetch UK 12,480 13 OpenPayd 1
Slide 48: Slide 48
Slide 49: Wholly owned yield and rent sensitivity
HELICAL @helicalplc | Helical plc | helical.co.uk 49 Wholly owned yield and rent sensitivity — completed investment portfolio True Equivalent Yield (7.1% at 31 March 2025) Change in portfolio value +50 bps (7.2) (27.5) +25 bps (3.7) (14.2) -25 bps 40 15.4 -50 bps 8.4 32.0 ERV (£66.11 psf at 31 March
Slide 50: Financial highlights
HELICAL @helicalplc | Helical plc | helical.co.uk 50 Financial highlights See-through income statement March 2025 March 2024 Total property return - Net rental income £19.6m £25.5m - Development property profits £0.3m £0.41 - Gain/(loss) on revaluation of investment properties £25.2m (£187.1m) - Gai
Slide 51: See-through income statement
HELICAL @helicalplc | Helical plc | helical.co.uk 51 See-through income statement 31 March 2025 31 March 2024 Group Joint Ventures Total £m £m £m Net rental income 16.2 3.4 19.6} Development property profit 0.3 = 0.3) 16.5 3.4 19.9} Administration expenditure (10.7) (0.2) (10.9) Net finance costs (7
Slide 52: See-through balance sheet
HELICAL @helicalplc | Helical plc | helical.co.uk 52 See-through balance sheet 31 March 2025 31 March 2024 Group Joint Ventures Total — NAV per share Total NAV per share’ £m £m £m pb £m p Investment properties 379.9 165.5 535.4 660.6 Land and development stock (fair value) 0.4 46 5.0 17 Property por
Slide 53: Net cash flow movements
HELICAL @helicalplc | Helical plc | helical.co.uk 53 Net cash flow movements March 2025 March 2024 £m £m Cash generated from operations 1.4 12.3 Capex (5.1) (16.0) Joint ventures (45.0) 1.8 Net disposal proceeds 158.9 - Reduction in net borrowing (55.0) - Other cash flow movements (3.3) (6.0) Divide
Slide 54: EPRA Performance measures
HELICAL @helicalplc | Helical plc | helical.co.uk 54 EPRA Performance measures At At 31March 2025 31March 2024 EPRA net tangible assets £428.2m £406.5m EPRA net reinstatement value per share 364p 349p EPRA net tangible assets per share 348p 8331p EPRA net disposal value per share 347p 327p EPRA net
Slide 55: Disclaimer
HELICAL @helicalplc | Helical plc | helical.co.uk 55 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 accura
Slide 56: reception@helical.co.uk Ganton Street
0207 629 0113 reception@helical.co.uk 22 Ganton Street London WIF 7FD www.helical.co.uk @helicalple PrELICAL