Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksHeathrow6.45% S Regulatory News (88BX)

Share Price Information for Heathrow6.45% S (88BX)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 108.25
Bid: 105.50
Ask: 111.00
Change: -0.125 (-0.12%)
Spread: 5.50 (5.213%)
Open: 108.00
High: 108.375
Low: 108.00
Prev. Close: 108.375
88BX Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Publication of June 2017 Investor Report

27 Jun 2017 07:00

RNS Number : 2176J
Heathrow
27 June 2017
 

27 June 2017

 

Heathrow Funding Limited

Heathrow Finance plc

 

Publication of June 2017 Investor Report

 

On behalf of Heathrow Airport Limited, Heathrow Express Operating Company Limited, Heathrow (AH) Limited and Heathrow (SP) Limited, LHR Airports Limited (as 'Security Group Agent') is today distributing its semi-annual Investor Report to various parties pursuant to the terms of the Common Terms Agreement entered into on 18 August 2008.

 

The Investor Report is also being distributed by the Security Group Agent and Heathrow Finance plc to various parties pursuant to Heathrow Finance plc's £275 million 5.375% Senior Secured Notes dated 10 December 2012 and due 2019, £250 million 5.75% Senior Secured Notes dated 13 October 2014 and due 2025 and £275 million 3.875% Senior Secured Notes dated 5 June 2017 and due 2027 (the 'Heathrow Finance Bonds') and pursuant to Heathrow Finance plc's Facilities Agreements dated 15 December 2014, 10 February 2016 and 5 October 2016 (the 'Heathrow Finance Facilities Agreements').

 

The Investor Report contains information relevant to creditors of both Heathrow (SP) Limited (and its subsidiaries) and Heathrow Finance plc.

 

The attention of potential readers of the Investor Report is drawn to page 2 of the document which contains an Important Notice, including in relation to certain forward-looking statements included in the Investor Report, and contains a description of the basis on which the operational and financial information included in the document has been prepared.

 

The Investor Report includes 2017 forecasts for the financial performance of Heathrow (SP) Limited prepared on a consolidated basis, forecast nominal debt and financial ratios for Heathrow (SP) Limited and Heathrow Finance plc. Heathrow (SP) Limited, through its indirect subsidiary, Heathrow Airport Limited, owns Heathrow airport.

 

Heathrow (SP) Limited's latest expectations for financial performance for the year ending 31 December 2017 indicate that Adjusted EBITDA(1) will be £1,735 million, an increase from £1,660m included in the previous Investor Report published in December 2016, and up 3.5% on 2016. The increase is primarily driven by a revised traffic forecast for the year of 76.7 million passengers compared to 75.0 million in the previous Investor Report. Retail income per passenger is also forecast to increase 5.2% versus 2016 to £8.50, an increase versus £8.41 in the previous forecast. Heathrow (SP) Limited remains on track to deliver its ambitious cost optimisation plans for 2017 while welcoming a record number of passengers and providing better service and operational standards.

 

The Investor Report document is available in pdf format at the following link:

 

http://www.rns-pdf.londonstockexchange.com/rns/2176J_-2017-6-26.pdf

 

 

The Investor Report is available from today via the Heathrow Investor Centre at www.heathrow.com/company/investor-centre within the Document Centre.

 

Pursuant to the terms of the Common Terms Agreement, the Security Group Agent is today also distributing the consolidated financial information of Heathrow (SP) Limited for the year ended 31 December 2016 and the regulatory accounts for Heathrow Airport Limited for the year ended 31 December 2016.

 

Pursuant to the terms of the Heathrow Finance Bonds and the Heathrow Finance Facilities Agreements, Heathrow Finance plc is today also distributing its consolidated financial statements for the year ended 31 December 2016.

 

(1) Adjusted EBITDA is earnings before interest, tax, depreciation and amortisation and exceptional items

 

For investor enquiries please contact Investor Relations on +44 20 8745 0811.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCPGUGCQUPMGRQ
Date   Source Headline
23rd Feb 20237:00 amRNSHeathrow SP Limited - FY 2022 Results
13th Feb 20234:55 pmRNSNotice of Results
13th Feb 20237:00 amRNSBusiness and traffic commentary Jan 2023
2nd Feb 20239:00 amRNSAnnouncement on CEO of Heathrow
11th Jan 20237:00 amRNSBusiness and traffic commentary Dec 2022
16th Dec 20227:00 amRNSPublication of December 2022 Investor Report
12th Dec 20227:00 amRNSBusiness and traffic commentary Nov 2022
25th Nov 20222:58 pmRNSDocuments Incorporated by Reference
25th Nov 20222:51 pmRNSPublication of a Prospectus
11th Nov 20227:00 amRNSBusiness and traffic commentary Oct 2022
26th Oct 20227:00 amRNS3rd Quarter Results
18th Oct 20227:00 amRNSNotice of Results
11th Oct 20227:25 amRNSBusiness and traffic commentary September 2022
12th Sep 20227:00 amRNSBusiness and traffic commentary August 2022
30th Aug 20223:27 pmRNSInterest Step-Up Termination Notice
15th Aug 20223:49 pmRNSCapacity Cap Extension
11th Aug 20227:00 amRNSBusiness and traffic commentary July 2022
9th Aug 20222:25 pmRNSPublication of Final Terms
26th Jul 20224:00 pmRNSDocuments incorporated by reference
26th Jul 20223:43 pmRNSPublication of Suppl.Prospcts
26th Jul 20227:00 amRNSHalf Year Results
12th Jul 202210:53 amRNSHeathrow imposes capacity cap until 11 Sept
12th Jul 20227:00 amRNSNotice of Results
11th Jul 20227:00 amRNSBusiness and traffic commentary June 2022
28th Jun 20227:08 amRNSHeathrow comment on CAA's H7 Final Proposal
23rd Jun 20227:00 amRNSPublication of Investor Report
13th Jun 20227:00 amRNSBusiness and traffic commentary May 2022
27th May 20224:00 pmRNSPublication of Final Terms
12th May 20229:13 amRNSDocuments Incorporated by reference
12th May 20229:13 amRNSPublication of Suppl.Prospcts
10th May 20227:00 amRNSBusiness and traffic commentary April 2022
26th Apr 20227:00 amRNS1st Quarter Results
11th Apr 20225:00 pmRNSNotice of Results
11th Apr 20227:00 amRNSBusiness and traffic commentary March 2022
6th Apr 20229:00 amRNSHeathrow appoints Mark Brooker to its Board
11th Mar 20227:00 amRNSBusiness and traffic commentary February 2022
24th Feb 20225:22 pmRNSHeathrow Funding Ltd credit ratings update
23rd Feb 20227:00 amRNSHeathrow SP Limited - FY2021 results
11th Feb 20227:00 amRNSBusiness and traffic commentary Feb 2022
28th Jan 20227:08 amRNSPublication of Investor Report Update
11th Jan 20227:00 amRNSBusiness and traffic commentary December 2021
16th Dec 20217:05 amRNSResponse to CAA's statement re 2022 airport charge
13th Dec 20213:47 pmRNSBorrower Loan Amendments - LIBOR Transition
10th Dec 20217:00 amRNSPublication of Investor Report
10th Dec 20217:00 amRNSBusiness and traffic commentary November 2021
11th Nov 20217:00 amRNSBusiness and traffic commentary October 2021
26th Oct 20217:00 amRNS3rd Quarter Results
18th Oct 20215:19 pmRNSNotice of Results
11th Oct 20217:00 amRNSBusiness and traffic commentary September 2021
8th Oct 20215:19 pmRNSPublication of Final Terms

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.