Capital & Regional : Presentation

2022 HALF

YEAR RESULTS

REFOCUSED REPOSITIONED RESET

SUPPORTING COMMUNITY LIVING.

RESULTS AND

MARKET OVERVIEW

Lawrence Hutchings

Chief Executive

SUPPORTING COMMUNITY LIVING.

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REFOCUSED REPOSITIONED RESET

Focus on repositioning and operations following active 12 months

Refocus,	Valuations	Consumer demand	Invest in	Refocus leading
restructure	stabilising	for community	customer	management
and recapitalise -		retail and services	proposition	platform
delivered balance
sheet stability

Deliver portfolio income and value growth

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Transforming our Balance Sheet

Disciplined stewardship of capital

72%

Loan	Non-Core Asset
restructuring	sales

Equity

raise40%

HY 2021 LTV

Comprehensive reset of the balance sheet through 7 key transactions over 18 months

LTV	LTV 40% after > 50%
reduction in asset values

HY 2022 PRO-FORMA

Past three valuation cycles stable supported by transactional evidence (e.g. Blackburn)

Driven by self-help initiatives

Protected key assets whilst maintaining operational outperformance

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Resilient Operational Performance

Our ongoing focus on needs based, local retail and services remains relevant

29m 55 93.7%

Footfall visits	Leases signed H1 2022	Occupancy
(+58% vs 2021 YTD)	+34.1% v previous passing	30 June 2022
June +4% v national index	+17.8% v ERV
	65 deals in pipeline	(92.8% Dec 2021)
97.3%	£5.8M	118p

YTD 2022 rent collected	Adjusted Profit
(82.6% for YTD 2021	+87% on H1 2021

at time of HY 2021 results)

NAV per share +16p on Dec 2021

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