Corporate Fact Sheet Holdings plc Latest Comment on Outlook Key - - PDF document

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Corporate Fact Sheet Holdings plc Latest Comment on Outlook Key - - PDF document

MARCH 2018 Corporate Fact Sheet Holdings plc Latest Comment on Outlook Key Group Facts Strong alignment of interest: Henry Klotz, Executive Chairman, 6 March 2018 58% Management own The Groups well-established strategy of long-term


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Holdings plc

clsholdings.com 1 CLS Holdings plc, 12th Floor, Westminster Tower, 3 Albert Embankment, London SE1 7SP Tel: +44 (0) 20 7582 7766

MARCH 2018

Corporate Fact Sheet

Latest Comment on Outlook

Henry Klotz, Executive Chairman, 6 March 2018 The Group’s well-established strategy of long-term investment in commercial properties in the three main markets of Europe has been reflected once more in the excellent results for 2017 and the strong financial position of the Group at the year end. The year was both exceptional and transformational for CLS in many ways, with the disposal of our large development site in Vauxhall, substantial acquisitions in Germany, and the introduction of dividends as a means of distributing cash to shareholders.

Overview

At 31 December 2017 the company had shareholders’ funds of £1.033bn, and a property portfolio in London, France and Germany valued at £1.803bn.

CLS Holdings plc is a property investment company which has been listed on the London Stock Exchange since 1994. CLS specialises in owning and managing office buildings, with a range of lease lengths, in order to achieve stable cash flows. Its established local management operate from offices in London, Paris, Luxembourg and Hamburg, and their priority is to meet the requirements of tenants by providing high quality, cost- effective premises with efficient and proactive management services that incorporate the latest technical and IT facilities. CLS aims to hold, develop and refurbish its property investments to obtain long-term asset growth.

Financials DECEMBER 2017 Key Group Facts

Strong alignment of interest: 58% Management own Substantial cash and liquid resources available for new investment

Property Portfolio & Potential

DECEMBER 2017

£16.0m

Solid, stable and diversified portfolio; average lot size

712 tenants

in 129 properties totalling 7.0m sq ft across 3 countries

5.4 years

Weighted average lease length

29.6%

Government income

£103.8m

Contracted rent, valued at £1,566m

41.1%

  • f Group’s rental income subject

to indexation Emphasis on active management, using in-house teams

£157.9m

Profit after tax

38.7p

Earnings per share

252.0p

Net assets per share

12.8p

EPRA earnings per share

286.0p

EPRA net assets per share

3.7 times

Recurring interest cover

5.1%

Net initial yield

36.7%

Net debt to property assets

£206.7m

Liquid resources available for investment

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Holdings plc

clsholdings.com 2 CLS Holdings plc, 12th Floor, Westminster Tower, 3 Albert Embankment, London SE1 7SP Tel: +44 (0) 20 7582 7766

MARCH 2018

London 51.8% France 16.1% Germany 32.1%

Property value by geography Portfolio by value*

Over 10 years 5.56% 5 to 10 years 48.72% Under 5 years 45.72%

Rent by lease length*

UK 52.4% Germany 32.9% France 14.7%

Rent by geography*

Business services 20.6% Government 29.6% Manufacturing 9.6% IT 5.8% Finance 4.4% Other 30%

Rent by sector*

3 1 D e c 8 3 1 D e c 9 3 1 D e c 1 3 1 D e c 1 1 3 1 D e c 1 2 3 1 D e c 1 3 3 1 D e c 1 4 3 1 D e c 1 5 3 1 D e c 1 6 3 1 D e c 1 7

1,000 800 600 400 200

Total Shareholder Return

(CLS HOLDINGS VS. UK–DS REAL ESTATE VS. FTSE ALL SHARE)

CLS Holdings FTSE All Share UK DS Real Estate

Corporate Fact Sheet

(continued)

Strategy

Rewarding shareholders, customers and employees. Acquiring the right properties. Securing the right finance. Delivering value through active management and cost control.

Property and rent values

* All figures at 31 December 2017

Key Directors

Henry Klotz Executive Chairman Fredrik Widlund Chief Executive Officer John Whiteley Chief Financial Officer Sten Mortstedt Executive Director

Significant Shareholders

DECEMBER 2017 The Sten and Karin Mortstedt Family & Charity Trust 50.99% Fidelity International 8.73% Bengt Mörtstedt 6.89% F&C Asset Management 5.21% Other Directors 1.01%

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Holdings plc

clsholdings.com 3 CLS Holdings plc, 12th Floor, Westminster Tower, 3 Albert Embankment, London SE1 7SP Tel: +44 (0) 20 7582 7766

MARCH 2018

Corporate Fact Sheet

(continued)

Recent News

12 December 2017 Letting of 3,854 sqm at East Gate, Munich, Germany 09 November 2017 Acquisition of Columbia Bracknell, United Kingdom 01 November 2017 Disposal of Centenary Court, Bradford 25 October 2017 Early redemption of outstanding 10.765% Amortising Bonds due 2025 04 October 2017 Renewal of Leases on 14 properties with the Secretary of State for Communities and Local Government 21 September 2017 Disposal of Benwell House, Sunbury-on-Thames 22 August 2017 Completion of acquisition of a portfolio of twelve properties in Germany

About

Listing FTSE 250 Sector Real Estate Investment & Services Ticker CLI.L Share Price 241p (6 March 2018) Market Capitalisation £1.06bn (6 March 2018) 12 month high 252.2p 12 month low 151.7p Joint Brokers Liberum and Whitman Howard Financial PR Smithfield Consultants

Financial Calendar

Aug 2018 Half Year Results 2017 Nov 2018 Q3 Trading Update Mar 2019 Annual Financial Results 2018 Apr 2019 AGM May 2019 Q1 Trading Update

Analyst Contacts

David Brockton Liberum +44 (0) 20 3100 2243 Hugh Rich Whitman Howard +44 (0) 20 7659 1261