Zentra Group Plc · AQUIS:ZNT
Zentra — One Heritage Group — H1 2022 Earnings Presentation
22 slides from Zentra's earnings presentation, Apr 5, 2022
Slide 1: Interim Results Presentation for the six months to 31 December 2021
One Heritage Group Plc LONDON STOCK EXCHANGE Main Market INTERIM RESULTS PRESENTATION Epic: OHG for the six months to 31 December 2021 MARKET CAP £14.59m 05 APRIL 2022 CORRECT 31st MARCH 2022 Presented by Jason Upton Luke Piggin Chief Executive Officer Finance Director
Slide 2: One Heritage Group Plc
One Heritage Group Plc One Heritage Group is a property development and investment management company. We focus on the residential sector primarily in the North of England. Seeking out value to maximise opportunities for our investors
Slide 3: Strategic Priorities
One Heritage Group Plc Strategic Priorities Success Successfully deliver our development projects. Sales Secure sales for our properties under construction. Portfolio Continue to build our existing letting and property management provisions through our focus on co-living and newly completed developm
Slide 4: Our Business Model
One Heritage Group Plc Our Business Model DEVELOPER OVERSEAS SALES NETWORK Development profits • 6 Projects • 201 Apartments • 2 Commercial Units • £31.9m GDV DEVELOPMENT MANAGER Management Fee & Profit Share • 4 Projects SERVICES: CO-LIVING, • 771 Apartments CONSTRUCTION & • 2 Commercial Units • £2
Slide 5: The Development Portfolio
One Heritage Group Plc The Development Portfolio *Awaiting CGI GDV - £9.4m GDV - £3.8m GDV - £6.3m GDV - £3.6m GDV - £3.2m GDV - £5.6m Lincoln House Bank Street Oscar House Churchgate St Petersgate Seaton House Location: Bolton Location: Sheffield Location: Manchester Location: Leicester Location: S
Slide 6: Sales
One Heritage Group Plc Sales Units Reservations Value Oscar House, Manchester 27 27* £6.1m Lincoln House, Bolton 88 88 £9.26m Bank Street, Sheffield 23 19 £3.0m St Petersgate, Stockport 18 16 £2.4m Churchgate, Leicester 15 Not Started - Seaton House, Stockport 30 Not Started - *Agency agreement sign
Slide 7: Lincoln House Bolton
One Heritage Group Plc Conversion Lincoln House Bolton Conversion of a former office building into 88 self contained apartments and 52 parking spaces Specification: • Private parking with gated access • Landscaped surrounds • Modern stylish design • Bespoke interior design COMPLETION Q2 2022
Slide 8: Lincoln House, Bolton: Living & Communal Areas
One Heritage Group Plc Conversion Lincoln House, Bolton Completed show apartment: Living & Communal Areas
Slide 9: Lincoln House, Bolton: Bedrooms
One Heritage Group Plc Conversion Lincoln House, Bolton Completed show apartment: Bedrooms
Slide 10: Lincoln House, Bolton: Bathrooms
One Heritage Group Plc Conversion Lincoln House, Bolton Completed show apartment: Bathrooms
Slide 11: Development Management
One Heritage Group Plc Development Management One Heritage Tower, Queen Street, Former County Court, One Victoria, Manchester Sheffield Oldham Manchester 542 Apartments, 58 Apartments 42 Apartments 129 Apartments, 2 Commercial Units £7.5m GDV £4.4m GDV 2 Commercial Units £155m GDV Completion Q3 2022
Slide 12: Property Services
One Heritage Group Plc Property Services Co-Living Residential Sourcing Refurbishment Property Management Sales +£5,000 +5% of Cost >4% of Rent per Property +£100,000 +£1,500 per Acquisition, Annual Fee External Network of Agents +£1,500 per Sale Interim Results
Slide 13: Financials
One Heritage Group Plc Financials Interim Results
Slide 14: Financial Highlights
One Heritage Group Plc Financial Highlights £1.5m £4.9m £3.5m Gross proceeds from Group loan facility Signed construction corporate bond finance £4.2m £0.5m 6.7p Construction Loss for period NAV per share expenditure (31 Dec 20: £0.2m) (30 Jun 21: 8.4p) (30 Jun 21: £1.8m) Interim Results
Slide 15: Financial Review
One Heritage Group Plc Financial Review £ 31 Dec 2021 30 Jun 2021 Movement Non-current assets 438,844 442,706 (3,862) + Lincoln House 3.0m Current assets + Oscar House 1.1m Cash and cash equivalents 613,397 204,147 409,250 + Bank Street 0.6m Developments 11,581,221 6,790,676 4,790,545 + St Petersgat
Slide 16: Financial Review
One Heritage Group Plc Financial Review The Group generated a loss £ 31 Dec 2021 31 Dec 2020 Movement for the period of £526,307 Revenue – Dev. management 117,628 44,992 72,636 and loss per share of 1.6p Revenue – Co-living 31,318 142,613 (111,295) (31 Dec 2020: Loss of Cost of sales – Co-living (6,
Slide 17: Financial Overview: Capital Management
One Heritage Group Plc Financial Overview Capital Management • Cash and cash equivalents £613,397 (30 June 2020: £204,147) • Signed a construction finance agreements for £3.5m through Shawbrook Bank to finance the completion of Lincoln House • £1.5m gross proceeds from Corporate Bond • Extension of
Slide 18: Outlook for 2022
One Heritage Group Plc Outlook for 2022 Grow the pipeline to Deliver our existing Expand our Property reach our target of developments Service provisions 400 units by 2024 Secure pre-sales Integrate new where we can through employees our sales network interim Results
Slide 19: Conclusion
One Heritage Group Plc Conclusion • Industry challenges and cost pressures remain • 3 Development Projects completing in 2022 • Income generation strong with new sources added • New service provisions added Interim Results
Slide 20: Contacts
One Heritage Group Plc Contacts Jason Upton Chief Executive Officer [email protected] Luke Piggin Finance Director [email protected] www.oneheritageplc.com Interim Results
Slide 21: Disclaimer
One Heritage Group Plc Disclaimer For the purposes of this notice, this “presentation” shall include these slides and any question-and-answer session that follows oral briefings by representatives of One Heritage Group plc. This presentation is for information purposes only and is not intended to, a
Slide 22: One Heritage
4.1 ONE HERITAGE