Develop North PLC · LSE:DVNO
Develop North — Investor Presentation (March 2026)
21 slides from Develop North's investor presentation, March 2026
Slide 1: North East England – A New Era
Providing access to North East investment opportunities North East England A New Era PLC 1
Slide 2: Disclaimer
Disclaimer This document is issued by Develop North PLC (the "Company") in relation to the proposed (i) secondary issue of No advice has been sought on any legal or taxation matters relating to the information set out in this document and shares in the Company and (ii) change of the Company's invest
Slide 3: North East England – A New Era
North East England – A New Era North East England – A New Era PLC 3
Slide 4: Agenda
Agenda 1. Board and Management team 2. The growth of Develop North PLC 3. Capital raise timeline 4. Market opportunity 5. Investment policy 6. Investment strategy > Real estate lending > Commercial real estate > Residential real estate 7. Deployment of capital 8. Financial returns 9. Social and econ
Slide 5: An experienced and proven team
An experienced Decades of combined experience led by local experts who live and and proven team breathe the North East Advisory Board – Providing non- binding strategic advice to the Board of Directors Board of Directors and Chief Executive Officer management Dr Sameer Al Ansari, Ian McElroy, Deputy
Slide 6: Fund/asset managers with an established track record
Fund/asset managers with an established track record Brendan O’Grady, John Seager, Fergus Trim, Real Estate lending Commercial property Commercial property Brendan is a fund manager with deep corporate John has 30 years’ experience in overseeing Fergus is a seasoned property professional with financ
Slide 7: The growth of Develop North PLC
The growth of Develop North PLC 2025 and beyond 2017 - 2024 Evolving into a Multi-Real Estate Proven Track Record Platform. of Investment Delivery. • Deploying patient, purposeful capital to • £89.8m deployed across 43 investments, unlock value creating opportunities providing investors with access
Slide 8: Pathway to £300m AUM: The first step in our growth journey
Pathway to £300m AUM: The first step in our growth journey Evolving to become a regional investment platform providing investors with further access to North East opportunities. • We are seeking to raise new capital to • Our differentiated, place-based investment capitalise on the growing number of
Slide 9: Strong tailwinds driving regional investment
Strong tailwinds driving regional investment The North East is entering a transformative period of growth. • £5.15 billion devolution deals have reshaped the investment landscape. Meaningful control over infrastructure, housing, regeneration and skills funding now sits with local authorities. • Grow
Slide 10: A Region on the Rise
A Region on the Rise Major investments are already transforming the economic landscape. The North East is attracting large-scale, multi-sector capital inflows. Blackstone £10bn advanced AI data centre Spanish investor campus at Blyth Aena acquires stake in Newcastle Airport Saudi-based PIF £305m as
Slide 11: Evolving our investment policy
Evolving our investment policy Consistent income and attractive returns with a local focus. Transitioning to a diversified, multi-real estate investment platform, enabling us to: • Provide investors with access to North East investment opportunities. • Target three clearly defined strategies: Real e
Slide 12: Clearly defined investment strategy
Clearly defined investment strategy Our investment strategy is anchored around three deployment strategies: Real Estate Lending Commercial Real Estate Residential Real Estate Real Estate Commercial Real Residential Real Lending Estate Estate Senior secured lending to A diversified portfolio of Predo
Slide 13: Real estate lending
DEPLOYMENT STRATEGY DEVELOPMENT FUNDING Funds deployed via direct investment Real estate lending EOY and co-investment END OF £35m deployed* YEAR 1 > Strong track record with £89.8m deployed across 43 investments since 2017. This has helped support an estimated 12,000 jobs and END delivered a gross
Slide 14: Commercial real estate
DEPLOYMENT STRATEGY COMMERCIAL REAL ESTATE Commercial real EOY Funds deployed END estate OF 5 £45m deployed* YEAR 1 END > Local expertise can identify attractive opportunities in the region. OF YEAR 3 10 £70m deployed > Buy-side and pricing opportunities are emerging in the region. > Deployment via
Slide 15: Residential real estate
DEPLOYMENT STRATEGY PRIVATE AND SUPPORTED HOUSING Residential real EOY Funds deployed END estate OF 250 £20m deployed* YEAR 1 20+ YEARS’ EXPERIENCE IN BRITAIN'S MOST AFFORDABLE END HOUSING MARKET OF YEAR 3 600 £30m deployed > Local pricing advantage with the most affordable housing in England. END >
Slide 16: Deployment of capital
Deployment of capital Our projected portfolio build-up, demonstrating our capital deployment plans and strategic asset allocation by Year 1, 3, and 5.* *figures are illustrative only Strategic Asset Allocation Over Time 350 Real Estate lending Commercial 300 Residential 250 Capital Deployed (£m) 200
Slide 17: Delivering sustainable, long-term returns for investors
Delivering sustainable, long-term returns for investors Targeting an average Net Asset Value total return of 10%-11% per annum over the next seven years.* Target dividend of 6% - 7% of 4% capital uplift per annum Total Net Asset Value return of Net Asset Value on average based on forecast average va
Slide 18: Driving growth and prosperity
THE OPPORTUNITY BY 2030 Develop North PLC aims to: Support a further 12,000 new jobs across Driving the North East. Provide 720 homes to the Supported growth and Sector. Make meaningful contribution towards the prosperity region’s net zero aspirations. Establish a Develop North Foundation to for all
Slide 19: Providing all investors with access
OUR ETHOS Providing CHARITIES PRIVATE SECTOR PUBLIC SECTOR LOCAL AUTHORITIES FUNDS INDIVIDUALS all investors with access THE NORTH EAST’S INVESTMENT to the North PLATFORM East > > REGIONAL PROSPERITY SUPPORTING COMMUNITIES > ASSESSING YOUR ALLOCATION > GROWING FINANCIAL RETURNS North East England –
Slide 20: Where we all profit
OUR ETHOS Where Strong Financial Returns we all Investors profit Support, funding and transformation Charities and communities DEVELOP NORTH PLC Strategic Investments Real estate, projects and local business The region Growth, prosperity and job creation North East England – A New Era PLC 20
Slide 21: Summary of investment proposition
Summary of investment proposition > Raising capital to accelerate deployment > Compelling multi-real estate strategy across real estate lending, commercial real aiming to deliver attractive returns estate and residential real estate. alongside growth and prosperity for all. > Proven track record: £8