Hammerson PLC (LSE:HMSO)
£ 2.882 0.054 (1.91%) Market Cap: 1.42 Bil Enterprise Value: 2.52 Bil PE Ratio: 0 PB Ratio: 0.75 GF Score: 75/100
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Half Year 2022 Hammerson PLC Earnings Call Transcript

Jul 28, 2022 / 09:30AM GMT
Release Date Price: £2.34 (+8.18%)
Rita;Rose Gagne
Hammerson plc - CEO & Executive Director

Good morning, everyone, and thanks for joining us for our half year presentation today. This is our third set of results under new leadership and another half year focused on execution, which has delivered tangible results. I will give you a quick overview and then pass on Himanshu to take you through the numbers.

This slide shows on the left our key priorities and what we said we would deliver. We said we'd optimize cash flow and drive further value from our assets through operational improvement. We said we'd reduce cost and drive organizational speed to value through digitalization and automation. We also said we generate capital to reduce debt and reinvest. And we said we create value and optionality by hitting key milestones on our predevelopment scheme.

On the right, you can now see what we did and how we delivered on all of our commitments and key metrics. Like-for-like GRI grew by 16% and NRI by 48%. Footfall, sales, occupancy and collections are recovering and now close to or above 2019 levels. This

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