Interim Results

September 2023

Our Values | Respect | Integrity | Loyalty | Delivery | Adaptability | Collaboration

Agenda

■

Introduction and strategy

01

Tim Roberts

■

Financial review

06

Darren Littlewood

■

Operational review

10

Tim Roberts/Darren Littlewood

■

Outlook

19

Tim Roberts

Tim Roberts

Darren Littlewood

Chief Executive Officer

Chief Financial Officer

Henry Boot PLC | 135 years in the making

Our Values | Respect | Integrity | Loyalty | Delivery | Adaptability | Collaboration

Agenda

Introduction and Strategy

Speaker

Tim Roberts

Henry Boot PLC | 135 years in the making

Our Values | Respect | Integrity | Loyalty | Delivery | Adaptability | Collaboration

Page 1

Investment case

A long track record of generating attractive returns through cycles

Net Asset Value per share

300p

250p

Focus on three key markets driven by positive long-term structural trends with clear approach to

ESG

Significant

embedded value

with approximately 97,000 strategic land plots and a £1.26bn development pipeline held at cost

Low gearing, and

track record of

effectively managing

balance sheet

9.1% pa total

shareholder return over 20 years (FTSE All Share: 7.0%)

200p

150p

100p

50p

0

2014

2015

2016

2017

2018

2019

2020

2021

2022

Jun

2023

Dividend per share

12p

10p

8p

6p

4p

HY

2p

0

FY

2014

2015

2016

2017

2018

2019

2020

2021

2022

Jun

2023

Henry Boot PLC | 135 years in the making

Our Values | Respect | Integrity | Loyalty | Delivery | Adaptability | Collaboration

Page 2

Resilient performance

LAND

PROMOTION

PROPERTY

INVESTMENT & DEVELOPMENT

CONSTRUCTION

GROUP

  • Sold 1,900 plots at an increased average gross profit of £11.4k per plot, offsetting the volume reduction
  • Land bank increased to c.97,000 plots. c.60% SE/Midlands
  • with c.8,300 plots permitted, HLM is well placed with high levels of stock both with planning and awaiting determination
  • Completed £70m (HBD share) of developments, 100% pre-sold
  • £341m of committed development (HBD share: £186m) , half of which is in Industrial & Logistics
  • Investment portfolio value increased to £112m, primarily due to retained Industrial & Logistics developments
  • Stonebridge maintained a strong average selling price for private homes of £499k
  • 2023 order book 72% secured - 94% of costs are fixed
  • Banner Plant trading slightly below expectations, and Road Link performing in line with expectations
  • ROCE of 6.3% (H1 22: 10.1%)
  • Central operating costs of £4.2m (H1 22: £4.0m)
  • Post period end, Banner Cross Hall Head Office sold at a premium to book valuation

OPERATING PROFIT

£17.0m

H1 22: £17.2m

OPERATING PROFIT

£8.5m

H1 22: £19.6m

OPERATING PROFIT

£4.4m

H1 22: £6.3m

OPERATING PROFIT

£25.7m

H1 22: £39.1m

Henry Boot PLC | 135 years in the making

Our Values | Respect | Integrity | Loyalty | Delivery | Adaptability | Collaboration

Page 3

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Disclaimer

Henry Boot plc published this content on 19 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 September 2023 08:22:02 UTC.