1 / 15

Big Yellow Group PLC

Big Yellow Group PLC. Results for the Year End and Fourth Quarter ended 31 March 2003 7 May 2003. Highlights.

david-manning
Télécharger la présentation

Big Yellow Group PLC

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Big Yellow Group PLC Results for the Year End and Fourth Quarter ended 31 March 2003 7 May 2003

  2. Highlights • Earnings from continuing operations for the year before exceptional item, depreciation, amortisation and tax of £1.3 million (2002: Loss £0.2 million) • Maiden dividend of 1.0 pence per ordinary share • 27 stores currently open with a further 5 stores committed providing 1.9 million sq.ft. of storage space when completed • Like for like annualised sales for 19 stores open throughout the year up 41% • Merchandise, insurance and other sales increased to 13.5% of storage income (March 2002: 12.9%)

  3. Changing Market • Store Profiles • Competitors • Supply and Demand • Big Yellow Trading Performance • Property Acquisitions and Property Market

  4. Financial Strategy • Balance Sheet • Cashflow and Capex • Funding Strategy

  5. Management Changes

  6. Store Performance

  7. Consolidated profit & loss account

  8. Balance sheet

  9. Consolidated cash flow

  10. Conclusion

  11. Appendix

  12. History • Early 1998 - market research commenced • Formed Cubic Self Storage in October 1998 • Acquisition of Big Yellow Self Storage Company in January 1999 • PRICOA investment in September 1999 • AIM listing in May 2000 • Placing and Open Offer in May 2001

  13. Self-storage market • The market • US market • 34,000 stores • UK market • 2-300 stores • Potential UK market size • 1,450 stores • Key influencers • public awareness • population mobility • physical planning and constraints • focus on high density development on brownfield sites • small business formation • rising disposable incomes • high rate household formation

  14. Big Yellow model • Develop premium brand • attractive modern premises • prominent main road frontages • high quality fit out • broad client base - B2B and B2C • ancillary retail and products • Customer focus • customer service/loyalty • safe/secure • easy access 24 hours per day • Financial model • economies of scale • roll-out programme • asset backed

  15. Net Operating Income (£000s) Costs (£000’s) 100,000 sq ft 25,000 sq ft Net Operating Income £1,150,000 Net Operating Income Additional profit based on larger store format 100,000 sq ft £000’s Net Operating Income £153,000 Costs £245,000 25,000 sq ft Costs £420,000 Economies of scale

More Related