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Harworth Group plc | Half Year Results 2026 www.harworthgroup.com Half Y ear Results 2026 9 September 2026
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Harworth Group plc | Half Year Results 2026 2 1. Introduction 2. Financial & operational review 3. Strategic update Agenda
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Harworth Group plc | Half Year Results 2026 3 Highlights of H1 2026 Strong pipeline momentum: progress on data centre and industrial & logistics transactions Acceleration of key initiatives to create a simpler, lower-cost and higher-returning platform Our largest-ever substantially construction-ready land bank offering c.£600m of GDV potential
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Harworth Group plc | Half Year Results 2026 4 Difficult to replicate industrial & logistics land bank 34.8m sq ft land bank 0.8GW accepted power offers 73% consented or in the planning system 3.8m sq ft substantially construction-ready c.£600m GDV potential over 3-5 years 0.3m sq ft Pre-lets completed or in legals so far this year 1.5m sq ft letting and land sale negotiations progressing Progress so far this year:
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Harworth Group plc | Half Year Results 2026 5 A substantial data centre pipeline Attractive regional markets driven by power scarcity in the South and Government support June 2024 £106.6m powered land sale to Microsoft for construction of hyperscale data centre August 2026 Entered exclusivity on powered land sale to leading data centre provider at second site for delivery of a hyperscale data centre Established powered land track record with potential for five further hyperscale sites Near to medium-term Four further potential hyperscale sites • Two with accepted power offers • Three already in planning system Site preparation works on behalf of Microsoft From 2015 Developing a portfolio of sites with strong power connectivity Other smaller scale data infrastructure across remainder of portfolio c.£46bn announced investments in UK data centres since 20231 8.1GW IT power capacity to be required by 2030 vs 2.9GW today1 1. Source: Oxford Economics 2. Source UK Government estimates 3. JLL analysis separate to the independent Red Book valuation at 30 June 2026, based on assuming full ownership, planning achieved and power secured. Excludes Skelton Grange. More details can be found in Harworth’s Response Document issued today: https://harworthgroup.com/investors/unrecommended-offer-landing-page/ £100bn Potential private investment to be unlocked through Government AI Growth Zones2 £293m Potential future profits from the sale of existing powered land portfolio as serviced powered land for data centre use3 Not currently in EPRA NDV
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Harworth Group plc | Half Year Results 2026 Harworth Group plc | Half Year Results 2026 Financial & operational review Kitty Patmore Chief Financial Officer
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Harworth Group plc | Half Year Results 2026 7 Operational highlights so far this year Progressed infrastructure works on key industrial & logistics sites in preparation for development Site enabling works at Skelton Grange hyperscale data centre site ahead of completion of Plot 2 powered land sale 58% of budgeted full year sales, including 952 residential plots, completed, exchanged or in legals Accepted a new 0.2GW power offer at a data centre pipeline site, further unlocking hyperscale potential Wingates Skelton Grange Benthall Grange Gateway 36 Three Grade A pre-lets completed or in legals, adding £3.7m of rental income at 17% premium to combined ERV DC pipeline
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Harworth Group plc | Half Year Results 2026 8 H1 financial performance overview Total Accounting Return (3.7)% H1 2025: 1.1% EPRA NDV per share 214.8p 31 Dec 2025: 224.4p Net LTV 20.3% 30 June 2025: 19.0% 31 Dec 2025: 15.6% Total property sales £13.2m H1 2025: £18.9m Total portfolio value gains £(14.9)m H1 2025: £15.5m Total dividend per share 0.592p H1 2025: 0.538p
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Harworth Group plc | Half Year Results 2026 9 -20 -15 -10 -5 0 5 10 15 £(14.9)m £12.7m Progress with I&L and data centre pipeline offsetting market construction cost inflation £(14.7)m Market construction cost inflation on sites closer to planning approval and delivery. Longer-term sites broadly stable £(4.3)m Increased vacancy at a site as part of repositioning Excluding this, total IP movement is +£0.8m £(15.8)m Subdued demand, slower new build sales rates and a levelling of house price growth, which is running at a slower rate than cost inflation. £(1.2)m £8.4m Value increases for new BNG schemes and improved outlook for income from wind turbines Total Industrial & logistics Major Developments Strategic Land Investment Portfolio Residential Major Developments Strategic Land Other 1 Portfolio value movements Profit / (loss) on sale Revaluation gains / (losses) 1. Comprises Natural Resources portfolio and agricultural land Valuation movements from 31 Dec 2025 to 30 June 2026 (£m) Key drivers
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Harworth Group plc | Half Year Results 2026 10 Net debt increase with investment in sites Cash £9.8m Net debt (£m) Cash £9.8m 145.9 190.0 13.9 25.7 7.0 8.3 (10.8) 31 Dec 25 Cash & WC used in ops Devl spend & acquisitions Tax & interest paid Other Disposal of Properties 30 Jun 26 31 Aug 26 99.5m Cash & debt headroom127.1m Cash & debt headroom 15.6% LTV 20.3% LTV 17.1% LTV as a result of ongoing management of development spend and working capital
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Harworth Group plc | Half Year Results 2026 11 On track to deliver 100% Grade A Investment Portfolio Investment Portfolio value breakdown (£m) <20% 66% 77% 227.6 319.3 301.4 31 Dec 2020 30 June 2025 30 June 2026 Grade A Non-Grade A Three Grade A pre-lets adding £3.7m of rental income at 17% premium to combined ERV Further progress post period-end £8.1m non-Grade A disposal at a 3% premium to book value Further improvement in quality and sustainability of Investment Portfolio income
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Harworth Group plc | Half Year Results 2026 Harworth Group plc | Half Year Results 2026 Strategic update Lynda Shillaw Chief Executive
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Harworth Group plc | Half Year Results 2026 13 Track record of growth and returns since 2021 9.2m sq ft of planning approvals with a GDV of c.£1.3bn Over £700m of headline sales with a 24% profit on historical cost £15.4m of industrial & logistics land acquired with GDV of c.£2.3bn Average TAR of 8.1% upper quartile performance amongst real estate peers1 8.1% 3.1% Harworth Sector average 5-year average TAR 1. Simple average of the FTSE 250 Real Estate Index
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Harworth Group plc | Half Year Results 2026 14 Refocusing on strategic land, enabling works and selective development where returns are highest Acceleration of key initiatives Becoming a pure play powered land and industrial & logistics specialist to fully align to structural growth markets 1 2 Sizing the Investment Portfolio to support funding, while recycling to optimise returns Aligning our operating model and cost base with a pure play powered land and industrial & logistics approach A pure play powered land and industrial & logistics specialist A simpler, lower-cost and higher-returning platform Targeting low double-digit Total Accounting Return in the longer-term 3 4
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Harworth Group plc | Half Year Results 2026 15 Acceleration of key initiatives Becoming a pure play powered land and industrial & logistics specialist 1 Total ROCE (2023-25) Avg. annual ROCE (2023-25) Industrial & logistics land and developments (including data centres) 72.1% 24.0% Investment Portfolio 28.0% 9.3% Industrial & logistics total 45.4% 15.1% MSCI UK industrial property index 19.4% 6.1% Residential land and developments (2.9)% (1.0)% Natural Resources portfolio and agricultural land 22.6% 7.5% Portfolio total 27.2% 9.1% Industrial & logistics portfolio already delivering 24% ROCE, ahead of the market
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Harworth Group plc | Half Year Results 2026 16 Acceleration of key initiatives Becoming a pure play powered land and industrial & logistics specialist 1 Harworth’s data centre powered serviced land product: high returns, capital positive Increasing capital Powered serviced land sale Low capital relative to industrial & logistics Power secured but land sales could be c.5 years ahead of power on date Attractive multiple to industrial & logistics land ROCE ahead of typical industrial & logistics use Models preferred by others Powered shell and core • Medium capital commitment • Medium risk relative to industrial & logistics • Market yield on cost of 9-11% Fully-fitted data centre • High capital commitment • High risk relative to industrial & logistics • Market yield on cost of c.9-10%
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Harworth Group plc | Half Year Results 2026 17 Acceleration of key initiatives Refocusing on strategic land, enabling works and selective development 2 A growing pipeline of industrial & logistics and powered land opportunities 34.8m sq ft Industrial & logistics and powered land pipeline 9.2m sq ft of planning approvals with a GDV of c.£1.3bn Capital focused on areas where we have a competitive advantage and strong 5-year track record In-house expertise in planning, technical delivery, power, deal execution and development Masterplanning to create nationally-recognised centres of excellence such as the Advanced Manufacturing Park, Rotherham 7.6m sq ft development & land sales 6.0m sq ft land serviced or enabling works underway
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Harworth Group plc | Half Year Results 2026 18 Acceleration of key initiatives Refocusing on strategic land, enabling works and selective development 2 Area (m sq ft) Estimated GDV (£bn) Land status (%) 3.8 0.6 Substantially construction-ready 9.6 1.5 Medium-term pipeline 9.8 1.5 Additional sites with planning submitted 11.5 1.5 Longer-term pipeline 34.8 5.1 0.8 GW Power secured A pipeline primed to deliver Flexibility on structures, including use of off-balance sheet structures 1. As a separate exercise to the independent Red Book valuations as at 30 June 2026, JLL has undertaken an assessment of the poten tial Net Realisable Value (“NRV” as defined in the NRV Report) of Harworth's near to medium-term industrial & logistics development pipeline and identified significant potential embedded value that may be realised through the successful delivery of the relevant developm ent schemes. Harworth have adjusted the potential uplift in value from the I&L portfolio for the impact of tax. 2. As a separate exercise to the independent Red Book valuations as at 30 June 2026, JLL has undertaken an assessment of the poten tial NRV of Harworth's data centre portfolio and identified potential embedded value within Harworth’s data centre pipeline th at may be realised as sites progress through key power and planning milestones and to the point of a powered land sale. For more information: https://harworthgroup.com/investors/unrecommended-offer-landing-page/ Value gains potential Substantially construction-ready and medium-term pipeline1: £174m Data centre pipeline2: £293m
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Harworth Group plc | Half Year Results 2026 19 Acceleration of key initiatives Sizing the Investment Portfolio to support funding, while recycling to optimise returns £301m Investment Portfolio value 77% Grade A 8.2% ROCE p.a. since 2021 A high-quality Investment Portfolio… Recurring rental income & capital from sales Enables debt financing Value creation through asset management Stabilised Investment Portfolio value £500-600m …to be sized to support funding and release capital for developments Transfers in from development pipeline Selected disposals to crystallise value & fund higher-returning land & developments Asset management to enhance or stabilise asset-level returns 3 …with three primary functions… Track record of active management: £149m sales of secondary assets in last 5 years replaced by £145m Grade A completed developments
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Harworth Group plc | Half Year Results 2026 20 Acceleration of key initiatives Aligning our operating model and cost base with a pure play powered land and industrial & logistics approach 4 Single sector focus on industrial & logistics and adjacent industries Digital and wider operational transformation reaching maturity, bringing further efficiencies Simpler, lower-cost and higher- returning platform Current c.100 land & development sites Future c.60 land & development sites
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Harworth Group plc | Half Year Results 2026 21 Strong operational track record over strategic plan period, including in H1 2026 agai nst a challenging macro backdrop Well- positioned as we accelerate key initiatives to align organisational structure and capital allocation with changed external environment Redirecting capital away from residential and other lower- returning assets and towards powered land and industrial growth opportunities Acceleration of key initiatives will create a simpler, lower-co st and higher-returning platform If we identify that we hold surplus capital, including following sales of m aterial assets and having assessed future accretive capital deployment opportunities, the Board will consider returning some or all of such surplus capital to shareholders so that they benefit directly from value creation initiatives as they are executed Implementation of this platform is already underway: once i mplemented, targeting low double-digit Total Accounting Return in the longer-term Outlook
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Harworth Group plc | Half Year Results 2026 Harworth Group plc | Half Year Results 2026 Appendices
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Harworth Group plc | Half Year Results 2026 23 Income statement Cash £117.4m Cash £9.8m Income statement (£m) H1 2026 H1 2025 FY 2025 Revenue 41.3 47.5 129.8 Cost of sales (45.4) (42.1) (117.2) Gross (loss)/profit (4.1) 5.4 12.6 Administrative expenses (17.9) (17.1) (36.3) Other (losses)/gains (2.9) 18.8 45.5 Other operating income/(expenses) 0.1 (0.1) (0.1) Operating (loss)/profit (24.9) 7.1 21.6 Share of (loss)/profit from JVs (0.6) 4.4 6.4 Net interest expense (5.9) (4.0) (10.6) Profit before tax (31.4) 7.4 17.4 Tax credit/(charge) 6.0 2.3 (7.9) (Loss)/profit after tax (25.4) 9.7 9.5 Dividend per share 0.592p 0.538p 1.775p HY 2026 comprised a £3.0m net decrease (H1 2025: £17.3m net increase) in fair value of investment properties, land and buildings and AHFS, offset by profit on sale of investment properties, AHFS and overages of £0.1m (H1 2025: £1.5m). Note there may be small differences in totals due to rounding Dividend increased by 10%, in line with dividend policy HY 2026 gross loss reflects increases in net realisable value provisions on development properties and the impairment of options where initial cost is anticipated to be lower than the day-one market value Revenue breakdown (£m) H1 2026 H1 2025 FY 2025 Total property sales 13.2 18.9 115.0 Income Generation portfolio 11.4 13.6 25.0 Development revenues 15.5 18.4 42.0 Other revenue 1.2 4.6 5.8 Underlying revenue 41.3 55.5 187.8 Less proceeds from sale of investment properties, AHFS and overages - (8.0) (58.1) Statutory revenue 41.3 47.5 129.8
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Harworth Group plc | Half Year Results 2026 24 Balance sheet (£m) 30 Jun 2026 30 Jun 2025 31 Dec 2025 Property portfolio(1) 900.7 908.6 899.4 Trade receivables & other assets 112.5 138.6 115.7 Net debt (190.0) (179.4) (145.9) Deferred tax liabilities (39.3) (33.3) (44.9) Other liabilities (113.1) (136.3) (125.3) Statutory net assets 670.8 698.3 699.0 Mark to market adjustment on development properties and overages, less notional deferred tax (2) 26.9 26.7 28.3 EPRA NDV 697.7 725.0 727.3 EPRA NDV per share 214.8p 223.7 224.4 Total Return (3.7)% 1.1% 1.7% Balance sheet Cash £9.8m Note there may be small differences in totals due to rounding 1. Land a nd buildings, investment properties, investment in joint ventures, development properties (included in inventories), amounts recoverable on contracts (included in receivables) and assets held for sale 2. Notional d eferred tax was £8.9m at 30 June 2026 (30 June 2025: £8.9m, 31 December 2025: £9.4m) 30 June 2026: The overall performance across industrial & logistics and residential, when combined with asset management initiatives across our Investment Portfolio, resulted in EPRA NDV per share decreasing by 4% 30 June 2026: The Group maintains a strong balance sheet, with net debt of £190.0m and net loan to portfolio value of 20.3% at 30 June 2026, alongside available liquidity of £99.5m
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Harworth Group plc | Half Year Results 2026 25 Portfolio bridge and value per segment Industrial & logistics 30 June 2026 average value psf 31 Dec 2025 average value psf Grade A Investment Portfolio £155 £154 Major Development £47 £41 Strategic Land £13 £14 Residential 30 June 2026 average value per plot 31 Dec 2025 average value per plot Serviced Land (sold) £94k £50k Major Development £56k £61k Strategic Land £7k £6k H1 2026 H1 2025 30 June 26 31 Dec 25 Category (Loss)/ profit on sale Reval. (losses)/gains Total (Loss)/ profit on sale Reval. (losses)/ gains Total Total valuation Total valuation Capital Growth Residential Major Developments Development (1.6) (14.2) (15.8) (6.1) (8.4) (14.5) 172.0 192.3 Industrial & Logistics Major Developments Mixed - 12.7 12.7 (0.9) 14.1 13.2 221.3 198.2 Residential Strategic Land Investment - (1.2) (1.2) (0.1) (0.1) (0.2) 61.9 61.5 Industrial & Logistics Strategic Land Investment 0.1 (14.8) (14.7) (0.2) 10.4 10.2 141.2 149.3 Income Generation Investment Portfolio Investment (0.1) (4.2) (4.3) 0.1 4.8 4.9 301.4 305.0 Natural Resources Investment - 3.6 3.6 0.9 0.6 1.5 23.7 19.9 Agricultural Land & other Investment - 4.8 4.8 - 0.3 0.3 15.1 11.0 Total (1.5) (13.3) (14.9) (6.3) 21.7 15.5 936.6 937.2
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Harworth Group plc | Half Year Results 2026 26 Value gains driving EPRA NDV (£m) Cash £117.4m Cash £9.8m £179.4m 727.3 697.7 5.3 (14.9) 1.9 (17.9) 0.0 (4.0) NDV at 31 Dec 2025 Net Revenue Value Gains Other¹ Admin Cost Interest, Fin Cost & Tax² Dividends NDV at 30 June 2026 1. Includes: Share Based Payment £1.9m, Issues of new Shares and Other (£0.4m) 2. Includes: Interest income £(0.7m), Finance cost £6.7m and Tax credit of £(6.0m)
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Harworth Group plc | Half Year Results 2026 27 Administration costs (£m) Cash £117.4m Cash £9.8m £179.4m 17.1 0.2 0.2 (0.1) 0.3 (0.1) 0.3 17.9 H1 2025 Staff costs Legal & professional fees Marketing IT & Digital Transformation Insurance Other HY 2026
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Harworth Group plc | Half Year Results 2026 28 Main industrial & logistics sites (30 June 2026) 1 2 4 7 10 11 3 5 9 6 Industrial & logistics land portfolio Potential to deliver 34.8m sq. ft of space 8 # Site Ownership1 Sold / developed / pre-let (sq ft) Remaining space (sq ft) Estimated GDV remaining (£) Development stage2 (1- 5) Forecast completion 1 Advanced Manufacturing Park (AMP) (Rotherham) FH 1.9m 0.2m £30m - £40m 5 2027 2 Gateway 36 (Barnsley) FH 0.4m 1.1m £130m - £150m 5 2033 3 Chatterley Park (Staffordshire) FH 0.0m 1.1m £180m - £190m 5 2028 4 Wingates (Bolton) FH & O 0.0m 2.9m £520m - £580m 4 2033 5 Skelton Grange (Leeds) FH 0.6m 0.7m Confidential 4 2030 6 Gateway 45 (Leeds) FH 0.0m 0.8m £150m-£160m 3 2029 7 Cinderhill (Derby) FH & PPA 0.0m 1.5m £180m - £190m 3 2030 8 Gascoigne Wood (Selby) FH 0.0m 2.0m £270m - £290m 3 2028 9 Junction 15 (Northampton) O 0.0m 1.5m £260m - £280m 3 2031 10 Rothwell (Kettering) FH 0.0m 1.8m £300m - £330m 3 2031 11 Northern Gateway3 (Manchester) FH & O 0.0m 3.3m Confidential 3 2029-2038 12 N. Yorkshire site O 0.0m 3.3m Confidential 2 2040 1. Ownership key: FH: Freehold, PPA: Planning Promotion Agreement, JV: Joint Venture, O: Option 2. Development stage key: 1. Acquisitions and land assembly, 2. Masterplanning, 3. Planning system, 4. Land remediation and infrastructure development, 5. Direct development/plot sale/placemaking 3. Harworth's share of a 50:50 joint venture 12
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Harworth Group plc | Half Year Results 2026 29 Progress on reducing size and capital intensity of residential portfolio ahead of exit 1 6 3 2 7 5 8 9 1. Excludes 660 plots that were consented in H1 (indicated by shading on 30 June 2026 bar) 2. Ownership key: FH: Freehold, PPA: Planning Promotion Agreement, JV: Joint Venture, 3. Development stage key: 1. Acquisitions and land assembly, 2. Masterplanning, 3. Planning system, 4. Land remediation and infra structure development, 5. Direct development/plot sale/placemaking Main residential sites (30 June 2026) # Site Ownership2 Sold (plots) Remaining (plots) Development stage3 (of 5) 1 Waverley (Rotherham) FH 2,727 244 5 2 Coalville (Leicester) FH 1,738 290 5 3 Rossington (Doncaster) FH 927 479 5 4 Ironbridge (Shropshire) FH 312 688 5 5 Diseworth (East Midlands) FH & PPA - 2,275 3 6 Cinderhill (Derby) FH & PPA - 1,200 3 7 Stewartby (Bedford) FH - 1,000 3 8 Staveley (Chesterfield) FH - 950 2 9 Grimsby West (Grimsby) JV - 3,044 1 4 31,264 29,386 28,584 31 Dec 2024 31 Dec 2025 30 June 2026 -9% 47% of pipeline consented or in the planning system 62% of pipeline in capital-light PPAs, JVs or options Total plots 4,568 3,065 3,598 31 Dec 2024 31 Dec 2025 30 June 2026 Consented plots -35%1
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Harworth Group plc | Half Year Results 2026 30 Debt metrics 30 June 2026 31 December 2025 Net debt (£m) 190.0 145.9 Weighted average cost of debt (%) 5.7 6.2 Net loan to portfolio value (%) 20.3 15.6 Debt overview Drawn debt (30 June 2026) Lender Site Amount drawn (£m) Available facility (£m) Interest rate End date Revolving Credit Facility with NatWest / Santander / HSBC / Barclays All Sites 185.0 275.0 with 50.0 accordion Floating SONIA rate plus 1.95% - 2.25% Nov 2029 Development Loans Site Specific 16.7 Site-Specific Floating SONIA rate plus 2.25% 2028 Gross interest-bearing debt 201.7 4.7% 9.4% 5.4% 19.0% 15.6% 20.3% 31 Dec 23 30 Jun 24 31 Dec 24 30 Jun 25 31 Dec 25 30 Jun 26 Net LTV £150m £200m £200m £240m £275m £275m £40m £40m £50m £50m FY2021 FY2022 FY2023 FY2024 FY2025 Jun-26 RCF Uncomitted accordion Debt profile Uncommitted accordion
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Harworth Group plc | Half Year Results 2026 31 Income H1 2026 2025 H1 2025 2024 2023 2022 2021 Revenue (£m) 41.3 129.7 47.5 181.6 72.4 166.7 109.9 Gross profit (£m) (4.1) 12.6 5.4 31.1 12.4 83.4 48.7 Operating profit (£m) (24.9) 21.6 7.1 74.6 54.2 44.5 121.9 Dividend per share (p) 0.592 1.775 0.538 1.6 1.5 1.3 1.1 Total Return (%) (3.7%) 1.7% 1.1% 9.1 5.1 0.1 24.6 Total property sales (£m) 13.2 115.0 18.9 215.8 125.9 138.5 108.3 Revenue from income generation (£m) 11.4 25.0 13.6 21.5 23.4 31.3 28.8 Other revenue (£m) 16.7 47.8 23.0 19.8 2.3 10.5 14.8 Balance sheet 30 June 2026 31 Dec 2025 30 Jun 2025 31 Dec 2024 31 Dec 2023 31 Dec 2022 31 Dec 2021 Property portfolio valuation (£m) 936.6 937.2 944.2 858.8 768.2 736.8 765.7 Statutory net assets (£m) 670.8 699.0 698.3 691.7 637.7 602.7 578.0 EPRA NDV (£m) 697.7 727.3 725.0 719.5 662.9 633.8 637.5 EPRA NDV per share (p) 214.8 224.4 223.7 222.3 205.1 196.5 197.6 Net debt (£m) 190.0 145.9 179.4 46.7 36.4 48.4 25.7 Net loan to portfolio value (%) 20.3 15.6 19.0% 5.4 4.7 6.6 3.4 Financial track record
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Harworth Group plc | Half Year Results 2026 32 H1 2026 2025 H1 2025 2024 2023 2022 2021 Residential plots sold 155 1,837 649 2,385 1,170 2,236 1,411 Direct development completed (m sq. ft) 0.0 0.3 0.1 0.1 0.2 0.4 0.1 30 June 2026 31 Dec 2025 30 Jun 25 31 Dec 2024 31 Dec 2023 31 Dec 2022 31 Dec 2021 Industrial & logistics pipeline (m sq. ft) 34.8 35.0 34.6 33.6 37.7 35.0 28.2 Residential pipeline (plots) 28,584 29,386 31,636 31,264 27,190 29,311 30,804 Investment Portfolio 30 June 2026 31 Dec 2025 30 Jun- 25 31 Dec 2024 31 Dec 2023 31 Dec 2022 31 Dec 2021 Annualised rent roll (£m) 17.2 18.3 18.3 17.5 14.1 19.7 18.0 Grade A by area/ by value (%) 64/77 64 48 45 37 18 11 Vacancy (%) 8.8 1.0 4.9 5.6 9.9 8.3 4.1 Weighted average unexpired lease term (years) 11.6 11.2 10.4 11.4 12.9 11.3 11.5 Net initial yield (%) 4.6 4.6 5.0 4.8 5.0 5.3 5.4 The Harworth Way(1) H1 2026 2025 H1 2025 2024 2023 2022 2021 Total Scope 1, Scope 2 and Scope 3 business travel emissions (tCO2e) - 612 - 694 834(2) 1,041(2) 1,087(2) Potential Gross Value Added (‘GVA’) of portfolio (£bn) - 4.3 - 4.3 4.8 4.6 4.1 Employee pride (eNPS) +51 +51 - +49 100 100 97 Employee recommendation (eNPS) +28 - - - 1. Metrics provided annually 2. M etrics restated for previous years where received more accurate data since publication Operational track record
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Harworth Group plc | Half Year Results 2026 33 Disclaimer This presentation has been prepared by Harworth Group plc ("Harworth") in relation to its half year results for the six months ended 30 June 2026, published on 9 September 2026 (the "HY26 Results"). This presentation should be read in conjunction with the HY26 Results. This presentation is not a substitute for reading the HY26 Results in full. Harworth shareholders are strongly advised to read HY26 Results in full. This presentation does not and is not intended to constitute or form part of an offer to sell or issue, nor the solicitation of an offer to buy or subscribe for, Harworth shares in any jurisdiction in which such offer or solicitation is unlawful. This presentation is not a prospectus or prospectus-equivalent document or exempted document. The release, publication or distribution of this presentation (in whole or in part), directly or indirectly, in or into or from jurisdictions other than the United Kingdom may be restricted by the laws of those jurisdictions. Therefore, persons into whose possession this presentation comes should inform themselves about, and observe, any applicable legal restrictions or regulatory requirements. Any failure to comply with applicable legal or regulatory requirements of any jurisdiction may constitute a violation of securities laws in that jurisdiction. To the fullest extent permitted by applicable law, Harworth, its affiliates and each of their respective directors, officers, employees and agents disclaim any responsibility or liability for the violation of such restrictions by any person. This presentation (including information incorporated by reference in this presentation) may contain statements which are, or may be deemed to be, "forward-looking statements". Forward-looking statements are prospective in nature and are not based on historical facts, but rather on assumptions, current expectations, valuations, targets, estimates, forecasts and projections of Harworth about future events, and are therefore subject to risks and uncertainties which could cause actual results, performance or events to differ materially from those expressed or implied by the forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of forward-looking words such as "plans", "expects", "or does not expect", "budget", "targets", "aims", "scheduled", "estimates", "forecast", "intends", "anticipates", "seeks", "prospects", "potential", "possible", "assume" or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Harworth gives no assurance that such expectations will prove to be correct. By their nature, forward-looking statements involve risks (known and unknown) and uncertainties (and other factors that are in many cases beyond the control of Harworth) because they relate to events and depend on circumstances that will occur in the future.
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Harworth Group plc | Half Year Results 2026 34 Disclaimer (continued) There are a number of factors that could affect the future operations of the Harworth group and that could cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements. These factors include: changes in the global, political, economic, social, legal, business and competitive environments, in global trade policies, and in market and regulatory forces; the loss of or damage to one or more key customer relationships; changes to customer ordering patterns; the failure of one or more key suppliers; the renegotiation of contracts or licences; changes in future inflation, deflation, exchange and interest rates and fluctuations in component prices; changes in tax and national insurance rates; future business combinations, capital expenditures, acquisitions or dispositions; changes in general and economic business conditions; fluctuations in demand and pricing in the real estate industry; changes in the behaviour of other market participants; labour disputes and shortages; outcome of pending or future litigation proceedings; the failure to maintain effective internal control over financial reporting or effective disclosure controls and procedures, the inability to remediate one or more material weaknesses, or the discovery of additional material weaknesses, in the internal control over financial reporting; other business, technical and/or operational risks and challenges; failure to comply with environmental and health and safety laws and regulations; timing of receipt of, or failure to comply with, necessary notices, concessions, permits and approvals; weak, volatile or illiquid capital and/or credit markets; any public health crises, pandemics or epidemics and repercussions thereof; changes to the board of directors of Harworth and/or the composition of its workforce; safety and technology risks; exposures to IT system failures, cyber-crime, fraud and pension scheme liabilities; risks relating to environmental matters such as climate change; changes to law and/or the policies and practices of regulatory and governmental bodies; heightening of geopolitical tensions and any repercussions thereof; and any cost of living crisis or recession. Other unknown or unpredictable factors could affect future operations and/or cause actual results to differ materially from those in the forward-looking statements. Such forward-looking statements should therefore be construed in the light of such factors. Each forward-looking statement speaks only as of the date of this presentation. No member of the Harworth group nor any of their respective associates or directors, officers or advisers provides any representation, warranty, assurance or guarantee that the occurrence of the events expressed or implied in any forward-looking statements in this presentation will actually occur. Forward-looking statements involve inherent risks and uncertainties. All forward-looking statements contained in this presentation are expressly qualified in their entirety by the cautionary statements contained or referred to in this disclaimer. Readers are cautioned not to place undue reliance on these forward-looking statements. Other than in accordance with their legal or regulatory obligations (including under the Takeover Code, the UK Market Abuse Regulation and the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority of the United Kingdom), Harworth is neither under nor undertakes any obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.