Upload
buikhanh
View
219
Download
2
Embed Size (px)
Citation preview
properties
2051 bonds
2082 bonds
bonds outstanding
no. properties acquired under reinvestment
long run rent collection rate
no. of staircasing cases
charged asset cover - all bonds
all asset cover - 2051 bonds all asset cover
- all bonds
debt service cover ratio
debt service cover - 2051 bonds
total cash EUV-SH
Total Assets
£100,850,080
£7,567,175
£48,404,840
£25,695,948
£74,100,788
98.8%
4
127%*
228%140%
206%**
227%
£93,282,905
572
* min 120% ** min 105%
6
Introduction
HHT PLC OverviewHHT PLC is a 100% subsidiary of Heylo Housing Limited and on lends the proceeds from its bond issuance to its parent. Security for these loans is provided over the property portfolios of Heylo Housing.
Heylo Housing was established specifically to invest in affordable housing over the long term with a particular focus on shared ownership properties.
Key Performance Indicators
Current Period Previous Period Long Term Averagedebt service cover ratio 206.0% 185.7% 192.5%charged asset cover 127.4% 130.2% 129.2%collection rate 106.1% 98.4% 98.8%
number of properties 23.3% change over 12 monthsEUV-SH 70.2% change over 12 months
H me ReachThe key to home ownership
Heylo Shared Ownership Brands
HHT PLC Bonds
HHT PLC Bonds
• Current Accreted Aggregate Notional Amount (excluding retained) £74,100,788
• On 21st January 2016 certain changes were made to the Bonds, in par-ticular increasing the total issuance by £618,000,000 and extending the maturities
Inflation Linked Guaranteed Secured
Bonds due 2051
Inflation Linked Guaranteed Secured
Bonds due 2082Issuance Date 05/09/2014 05/09/2014Currency GBP GBPAmount 532,000,000 266,000,000Retained 483,000,000 241,500,000Publicly held 49,000,000 24,500,000Accreted Aggregate Notional Amount 48,404,840 25,695,948
Maturity 30/09/2051 30/09/2082Coupon 1.50% 2.50%Listing Dublin GEM Dublin GEM
ISIN XS1103916505 XS1103918204
Base Index Figure Jul-14 256.0LPI Index (t-1) Sep-15 1.0113Index (t-9) Jun-15 258.9Index (t-3) Dec-15 260.6LPI(t) 1.0066LPI Index (t) Mar-16 1.0180
Charged Asset Cover
2051 Only All Bonds
2051 Only All Bonds
All Asset Cover
Bonds
LPI Index
199.3%
127.4%
228.4%
140.2%
2051 2082 Total
Payable Interest Amount £383,895 £89,045 £472,941 Instalment Amount £498,805 £0 £498,805 Total Bond Payments £882,700 £89,045 £971,745
Total current cash or cash equivalents held
Income available for debt service
Total Payments in Period
HHT PLC Bonds continued
Debt Service Cover
2051 Only All Bonds
Payments in Period
£2,001,544
£971,745
£7,567,175
226.8%
206.0%
Heylo Housing - Property Acquisitions
Valuation of properties acquired in period
Total acquisitions to date
% of acquisitions funded by bonds
% of acquisitions funded by income
Number of properties acquired in period
Annual rent roll acquired in period
Value of properties at acquisition
Number of properties
£25,977,109
£852,385
£93,634,898
612
92
94%
6%
Heylo Housing - Property Portfolio
Geography Number of Properties % of Valuation % of Total Rent
London 53 13.9% 7.2%
South East 77 17.2% 19.9%South West 105 21.0% 23.6%East 124 20.1% 25.9%East Midlands 60 5.4% 4.3%West Midlands 16 2.5% 0.0%North East 14 0.7% 0.9%North West 56 11.8% 8.7%Yorkshire & the Humber 61 6.7% 8.6%
Wales 6 0.6% 0.7%
Northern Ireland 0 0.0% 0.0%
Valuation of properties not yet charged
Residual Size Number of Properties % of Valuation % of Total Rent
<30% 52 1.5% 1.5%30% - 40% 19 0.9% 1.0%40% - 50% 20 1.7% 2.2%50% - 60% 100 10.8% 13.5%60% - 70% 27 3.8% 4.7%>70% 354 81.3% 77.1%
Properties in the portfolio by location and residual size
Heylo Housing - Property Portfolio
Count by type Valuation by type Rent by type
1 bed property 2 bed property 3 bed property
Properties in the portfolio by number of bedrooms
flats houses
Properties in the portfolio by house type
572 £93,282,905 £2,720,703
74%
26%
81%
19%
435
137
387
11749
64%
15%9%
71%
18%10%
Count by type Valuation by type Rent by type
Totals
4+ bed property
12%£2,592,103
Valuation of charged properties
£90,690,802
60% 72% 84% 96% 108% 120%
Collection Rate to DateCollection Rate In Period
4+ Bed
3 Bed
2 Bed
1 Bed
60% 72% 84% 96% 108% 120%
Collection Rate to DateCollection Rate In Period
Northern IrelandWales
Yorkshire & the HumberNorth WestNorth East
West MidlandsEast Midlands
EastSouth WestSouth East
London
Heylo Housing – Rent Performance
Rent collection performance by region
Rent collection rate in period
Rent collection rate to date
houses flats
Rent collection performance by bedroom count
Rent collection performance by Residual
60% 72% 84% 96% 108% 120%
Collection Rate to Date
Collection Rate In Period
>70% Residual
60% - 70% Residual
50% - 60% Residual
40% - 50% Residual
30% - 40% Residual
<30% Residual
106.1%
98.8%
104.1% 106.4%
95.3% 99.4%
96% collection rate
Disclaimer:
This presentation is not and is not intended to be a prospectus and does not or is not intended to constitute or form part of any offer for sale or solicitation of any offer to buy or subscribe for any securities in HHT Plc or its parent company Heylo Housing Ltd (the “Company”) in any jurisdiction. It shall not form the basis of, or be relied on in connection with, or act as invitation or inducement to enter into, any contract or commitment whatsoever. No offer of securities is being or will be made in circumstances which would require a prospectus or similar document to be approved.
While the information contained in this presentation, which does not purport to be comprehensive, is believed to be accurate, neither the Company nor any other person has conducted any investigation into or verified such information. No representation or warranty, express or implied, is or will be given by the Company or its directors, officers, employees or advisers or any other person as to the accuracy, completeness or fairness of this presentation and, so far as permitted by law and except in the case of fraud, no responsibility or liability whatsoever is accepted for the accuracy or sufficiency of any of the information contained in this presentation or for any errors, opinions, omissions or misstatements, negligent or otherwise relating to this presentation. Each recipient must conduct its own independent investigation and analysis of the Company and of the information contained in this presentation and bear all the costs of doing so.
This presentation may include certain “forward looking” statements which are based on expectations, projections and forecasts relating to the future performance of the Company. Such statements, projections and forecasts, which are intended as a guide only, represent the Company’s own assessment and interpretation of information available to it at the date of this presentation and reflect significant assumptions and subjective judgements by the Company. A number of factors could cause actual results to differ materially from the potential results discussed in such forward looking statements, estimates and forecasts, including (but not limited to) changes in general economic and market conditions and all other risk factors (whether political, regulatory or otherwise) associated with affordable housing or residential property in the UK. In all cases, recipients should conduct their own investigation and analysis of the information contained in this presentation. No representation or warranty is made or assurance given that the statements, projections and forecasts contained in this presentation will be borne out in practice or that the Company will perform as projected and the Company does not assume responsibility for verifying any of such statements, projections or forecasts. Neither the Company nor any persons shall be liable for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on any statement in or omission from this presentation.This presentation has been made available to recipients for information only. The Company gives no undertaking to provide the recipient with access to any additional information or to update this presentation or any additional information or to correct any inaccuracies in it which may become apparent.No person has approved (for the purposes of section 21 of the Financial Services and Markets Act 2000 (the “FSMA”)) the contents of, or any part of, this presentation. This presentation is only directed at persons who have professional experience in matters relating to investments and who: a) in relation to persons resident in the UK, fall within the exemptions contained in Articles 19 or 49 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (including certain investment professionals, high net worth companies, unincorporated associations or partnerships and the trustees of high value trusts); or b) are otherwise permitted by the laws of the jurisdiction in which they are resident to receive them; and c) in relation to persons in member states of the European Economic Area (“EEA”), are a “professional client” or an “eligible counterparty” within the meaning of Article 4 (1)(II) and 24(2), (3) and (4), respectively, of MiFID as MiFID is implemented into national law of the relevant EEA state.
Persons falling within one of the categories of persons described above must comply with the terms of this disclaimer and they will conduct their own analyses or other verification of the data set out in this presentation and bear the responsibility for all or any costs incurred in doing so. Persons who do not fall within one of the categories of persons described above should not rely on this presentation nor take any action upon it
This presentation has been delivered to you on the basis that you are a person into whose possession this presentation may be lawfully delivered in accordance with the laws of the United Kingdom and you may not, nor are you authorised to, deliver this document, electronically or otherwise, to any other person.