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Audited Results for the year ended 31 December 2019
INTU PROPERTIES PLC
(Registration number UK3685527)
ISIN Code: GB0006834344
JSE Code: ITU
intu properties plc
12 March 2020
AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2019
HIGHLIGHTS OF 2019
IFRS (£M) 31 December 2019 31 December 2018
Revenue 542.3 581.1
Loss for the year (2,021.8) (1,173.7)
Basic loss per share (pence) (145.1)p (84.3)p
Net assets attributable to owners of intu properties plc 1,904.2 3,811.7
Dividends paid (pence) - 4.6p
Alternative performance measures (APM) (1) (£m)
Net rental income 401.6m 450.5m
Underlying earnings 127.2m 193.1m
Underlying EPS (pence) 9.5p 14.4p
Headline EPS (pence) 0.3p 17.6p
Property revaluation deficit (1,979.7) (1,405.0)
Market value of investment and development property 6,633.3 9,167.4
Net external debt (2) 4,498.4 4,867.2m
EPRA NAV per share (pence) (3) 147p 293p
EPRA NNNAV per share (pence) (3) 149p 271p
Debt to assets ratio (per cent) (2) 67.8% 53.1%
Operational performance
Leasing activity
— number 205 248
— new rent £26m £39m
— new rent relative to previous passing rent +1% +6%
Rental uplift on rent reviews settled +6% +7%
Footfall +0.3% -1.6%
Occupancy (EPRA basis) 94.9% 96.7%
Net promoter score 75 73
Carbon emission reduction 15% 17%
(1) See presentation of information section for further APM details including rationale for all APMs used and reconciliations between presented figures and IFRS figures.
(2) See other financial information for calculations.
(3) See EPRA measures section for reconciliations between presented figures and IFRS figures.
Short Form Announcement
This short-form announcement is the responsibility of the directors. It is only a summary of the information contained in the
full announcement and does not contain full or complete details. Any investment decision should be based on the full
announcement accessible from 12 March 2020 via the JSE link
https://senspdf.jse.co.za/documents/2020/jse/isse/ITU/FY19Result.pdf and also available on the Company’s website at
intugroup.co.uk. Copies of the full announcement may also be requested by contacting intu Investor Relations via email at
contact@intu.co.uk.
Dividend declaration
The directors are not recommending payment of a final dividend for 2019.
Enquiries:
intu properties plc
Matthew Roberts Chief Executive +44 (0)20 7960 1353
Robert Allen Chief Financial Officer +44 (0)20 7960 1360
Adrian Croft Head of Investor Relations +44 (0)20 7960 1212
Public relations
UK: Justin Griffiths, Powerscourt +44 (0)20 7250 1446
SA: Frédéric Cornet, Instinctif Partners +27 (0)11 447 3030
JSE Sponsor:
Merrill Lynch South Africa (Pty) Limited
Date: 12-03-2020 09:00:00
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