Slide 1: Investor Presentation
Investor Presentation Presented by Jamie Boot Group Managing Director John Sutcliffe Group Finance Director September 2014
Slide 2: Forward looking statements
This presentation contains forward looking statements. Although the Group believes that the estimates and assumptions on which such statements are based are reasonable, they are inherently uncertain and involve a number of risks and uncertainties that are beyond the Group’s control. The Group does n
Slide 3: Key Messages
Key Messages Strong performance in period. All businesses trading well. Healthy outlook. Economic recovery well established and now moving to the regions. Land supply in line with demand from house builders. Pricing relatively stable in good market. House builder land banks are full. Commercial deve
Slide 4: Henry Boot PLC – Financial Highlights
Henry Boot PLC – Financial Highlights HALF YEAR 2014 2013 2012 Turnover £65.8 £81.8m £43.3m • Turnover higher in 2013 after land sales of £15.0m at York. • Trading profits increased because of improved Trading Profit £11.9m £8.1m £3.9m development activity. Land sale profits similar. • Revaluation s
Slide 5: Land Development
Land Development Land Bank • The interest in land it acquires may June 14 - acres Dec 13 – acres Dec 12 - acres be through outright purchase, option Total 9,512 9,723 9,011 or as agent (10-20% interest). Owned 1,788 1,791 1,765 Agency/Optioned 7,724 7,932 7,246 • Operating nationwide through seven o
Slide 6: Land Development
Land Development KEY EVENTS IN THE PERIOD • Over 40 sites with consent moving into selling phase. • Completed six sales in the period, net profit margin 53%. Replenished portfolio with a similar number. • Circa 10 sites being actively marketed. Timing of completions late second half 2014 or first ha
Slide 7: Property Investment and Development
Property Investment and Development KEY EVENTS IN THE PERIOD • Stoke - 69,000 industrial unit extension and re-gear to 20 year lease – GDV £4.0m/£5.0m. • Huddersfield - 50,000 sq ft clinical facility in JV with NHS Trust – GDV £10.0m. • Thorne - Land sale to Tesco, Marstons, KFC and future grant ass
Slide 8: Construction
Construction KEY EVENTS IN THE PERIOD • Full order book for 2014, beginning to build 2015. • Increased number of tender opportunities, however pricing is still competitive. • Private sector workload beginning to recover. • We continue to have a good quality framework biased customer base. • Stocksbr
Slide 9: Top 10 Institutional Shareholders as at 1.8.14
Top 10 Institutional Shareholders as at 1.8.14 • Standard Life 7,508,746 • Fidelity 6,787,316 • Schroder Investment Management 4,435,230 • Allianz Global Investors Europe (UK) 3,112,630 • Legal & General Investment Management 2,851,723 • Hermes Pensions Management 2,808,380 • Hargreave Hale Stockbro
Slide 10: Henry Boot vs benchmark indices – Previous 12 months
Henry Boot vs benchmark indices – Previous 12 months 240 230 220 210 200 190 180 170 Aug 13 Sep 13 Oct 13 Nov 13 Dec 13 Jan 14 Feb 14 Mar 14 Apr 14 May 14 Jun 14 Jul 14 Henry Boot FTSE 100 FTSE SmallCap FTSE 250 FTSE Allshare FTSE Construction and Materials Investor Presentation September 2014 9
Slide 11: Group Structure 2014
Group Structure 2014 John Brown Non-executive Chairman Chair of Nomination Committee Property Land Investment and Construction Development Development Jamie Boot Group Managing Director Henry Boot Hallam Land Henry Boot Developments Management Construction John Sutcliffe Limited Limited Limited Grou
Slide 12: Markham Vale / Derbyshire
Markham ValeMarkham / Derbyshire Vale / Derbyshire RETAIL COMMERCIAL MIXED USE DEVELOPMENT PARTNERSHIPS 200 acre business 200 acre park, business park, in partnership in partnership with Derbyshire County Council, to create with Derbyshire 5,000County sustainable Council, tonew createjobs 5,000 sust
Slide 13: The Courthouse, Deansgate – Mixed Use Development / Manchester
The Courthouse, Deansgate – Mixed Use Development / Manchester The Courthouse, Deansgate - Mixed Use Development / Manchester RETAIL COMMERCIAL MIXED USE DEVELOPMENT PARTNERSHIPS 35,000 sq ft Grade II sq 35,000 listed building ft Grade II listed building Prime city centre location Prime city centre
Slide 14: The Pennine Property Partnership / Huddersfield
The Pennine TheProperty Partnership Pennine Property Partnership / / Huddersfield Huddersfield RETAIL COMMERCIAL MIXED USE DEVELOPMENT PARTNERSHIPS An innovative joint An innovative venture joint venture company company set up in set up inwith partnership partnership with Calderdale Calderdale & Hud
Slide 15: The Chocolate Works / York
The Chocolate WorksWorks The Chocolate / York / York RETAIL COMMERCIAL MIXED USE DEVELOPMENT PARTNERSHIPS Acquisition of a of Acquisition 27a 27 acre acresite, formerly site, formerly Terry’s Terry’s Chocolate FactoryChocolate Factory The site includes distinctive and iconic listed buildings The sit
Slide 16: Daventry Town Centre / Northamptonshire
Daventry TownDaventry Centre Town/ Northamptonshire Centre / Northamptonshire RETAIL COMMERCIAL MIXED USE DEVELOPMENT PARTNERSHIPS Multi site Multi site town towncentre centre regeneration regenerationproject in project partnership with Daventry in partnership withDistrict DaventryCouncil District C
Slide 17: Meir Park - Recticel (UK) Ltd / Stoke on Trent
Meir Park - Recticel (UK)(UK) Meir Park - Recticel Ltd Ltd / / Stoke Stoke on Trenton Trent RETAIL COMMERCIAL MIXED USE DEVELOPMENT PARTNERSHIPS 18 acre business park adjacent to A50 Highway 18 acre business park adjacent to A50 Highway Recticel (UK) Ltd 123,519 sq ft purpose built production Rectic
Slide 18: Spire Walk / Chesterfield
Spire Walk /Spire Chesterfield Walk / Chesterfield RETAIL COMMERCIAL MIXED USE DEVELOPMENT PARTNERSHIPS Joint Venture Jointwith Lloyds Venture Bank with Lloyds Bank 6 acre gateway site to Chesterfield 6 acreTerms gateway site agreed for to car a new Chesterfield showroom and public house TermsPlanni
Slide 19: Westlakes Science Park / Cumbria
Westlakes Science Park / Cumbria 22,000 sq ft pre let unconditionally exchanged with Atkins Engineering Group Bespoke scheme design to reflect specialist use Regional Growth Fund Grant secured Work commenced on site July 2014 Completion expected May 2015 Investor Presentation September 2014 18
Slide 20: Schemes currently in hand
Schemes currently in hand Blaby, Leicester Warton, Lancashire A minded to grant resolution was secured for 4,250 homes in Hallam has two joint land interests in Warton, Fylde with another Spring 2013. We have a joint venture with two other developers developer which total some 78 acres split between
Slide 21: Schemes currently in hand
Schemes currently in hand Cranbrook, Devon Nuneaton, Warwickshire Hallam secured its interest in this shared site in 1999 and after An outline planning application has been approved on appeal on much preparation work, the development is well underway. our optioned site of over 35 acres with over 27
Slide 22: Schemes currently in hand
Schemes currently in hand Oulton & Rothwell, West Yorkshire Haddington, East Lothian A site of 9 acres at Rothwell was bought into ownership, with A planning application was approved on appeal on part of another site in Leeds at Oulton, by Hallam and a development Hallam's optioned site. The approve
Slide 23: Schemes currently in hand
Schemes currently in hand Hailsham, East Sussex Kettering, Northamptonshire We have a planning promotion agreement on 43 acres of land. Hallam has a solely-owned site of 38 acres that forms part of the An outline planning application for 240 units, a network of green East Kettering Urban Extension a
Slide 24: Schemes currently in hand
Schemes currently in hand Stone, Staffordshire Edenthorpe, South Yorkshire A planning promotion agreement was agreed in partnership with Hallam has an option agreement on this 80 acre greenfield site in Davidson Homes on this land in 2009. A planning application for Edenthorpe, Doncaster and is curr
Slide 25: Sites disposed of in the first half of 2014
Sites disposed of in the first half of 2014 Abingdon, Oxfordshire East Leake, Nottinghamshire Hallam took an interest in a 15 acre property at Drayton Road, A planning promotion agreement was completed in April 2012. Abingdon in the summer of 2012, and submitted an application for Planning permissio