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Mountview Estates P.L.C. AGM. Presented by: Duncan Sinclair, Chairman Marie Bray, Finance Director. 15 August 2012. Mountview Estates – FYE March 2012 in review. Overview Our business model Portfolio Performing in a turbulent market Financing FY12 Financial highlights

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Mountview estates p l c agm

Mountview Estates P.L.C. AGM

Presented by:

Duncan Sinclair, Chairman

Marie Bray, Finance Director

15 August 2012


Mountview estates fye march 2012 in review
Mountview Estates – FYE March 2012 in review

  • Overview

  • Our business model

  • Portfolio

  • Performing in a turbulent market

  • Financing

  • FY12 Financial highlights

  • Strong market performance

  • Year in review

  • Strategy for 2013 onwards

  • 2013 Outlook


Overview
Overview

  • A leading UK residential property trading company

  • Effective and successful business model

  • London and South East focused residential portfolio comprising:

    • Regulated tenanted units

    • Investment properties Louise Goodwin & ALG

    • Life tenancy units

    • Ground rent units

  • Long established reputation provides access to new market opportunities

  • Consistently profitable with a well covered dividend



Portfolio
Portfolio

  • Acquisitions

    • Trading companies: invested £47.6 million on new acquisitions 450 regulated tenancies, 2 life tenancies and 26 ground rents

  • Disposals

    • Trading companies: disposals achieved £27.8 million

    • Investment portfolio: achieved premium prices and sold 12 properties for £8.89 million


Performing well in a turbulent market
Performing well in a turbulent market

  • Mountview has delivered a robust and consistent performance despite challenging market conditions

  • £47.6 million of new investment in the yearin our core portfolio of regulated and life tenancies and ground rents

  • Strong start to 2013 with an additional £20 million of new investment in regulated tenancies in London & South East

  • Conservatively geared at 28.9%

  • Portfolio performing well with upside on EPS and NAV

  • Dividend maintained with good cover



Fy12 financial highlights
FY12 – Financial highlights

£m

pence

*Excluding investment properties revaluation

£m

  • Good earnings performance

  • Dividend yield of 3.9%

  • Strong NAV growth

  • Conservative gearing

  • Consistent shareholder return


Strong market performance
Strong market performance

Source: Datastream


Year in review
Year in review

  • Our objective for 2012 was to build the portfolio through acquisition, which we successfully achieved with £47.6 million of acquisitions and a further £20 million in Q1 2013

  • Maintained a low level of gearing

  • Achieved strong shareholder returns despite extremely challenging market conditions

  • Continued to outperform FTSE Real Estate sector



Disclaimer
Disclaimer

This presentation contains certain forward-looking statements. Any statement in this presentation that is not a statement of historical fact including, without limitation, those regarding Mountview Estates P.L.C’s future financial condition, business, operations, financial performance and other future expectations, is a forward-looking statement. By their nature, forward-looking statements involve risk and uncertainty as they relate to events which occur in the future. Actual outcomes or results may differ materially from the outcomes or results expressed or implied by these forward-looking statements. Factors which may give rise to such differences include (but are not limited to) changing economic, financial, business, regulatory, legal or other market conditions. These and other factors could adversely affect the outcome and financial effects of the events specified in this presentation. The forward-looking statements reflect knowledge and information available at the date they are made and Mountview Estates P.L.C. does not intend to update the forward-looking statements contained in this presentation.

This presentation is for information purposes only and no reliance may be placed upon it. No representation of warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of the information contained in this presentation. Past performance of securities in Mountview Estates P.L.C. cannot be relied upon as a guide to the future performance of such securities.

This presentation does not constitute an offer for sale or subscription of, or solicitation of any offer to buy or subscribe for any securities in Mountview Estates P.L.C.


Mountview estates p l c agm1

Mountview Estates P.L.C. AGM

15 August 2012


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