Taylor Wimpey Plc · LSE:TW.
Taylor Wimpey — Shareholder Meeting (April 2024)
23 slides from Taylor Wimpey's shareholder meeting presentation, Apr 23, 2024
Slide 1: Annual General Meeting
Annual General Meeting 23 April 2024
Slide 2: Disclaimer
Disclaimer For the purposes of this notice, this “presentation” shall include these slides and any question-and-answer session that follows oral briefings by representatives of Taylor Wimpey plc. This presentation is for information purposes only and is not intended to, and does not constitute or fo
Slide 3: Welcome
Welcome Robert Noel Chair
Slide 4: Board of Directors
Board of Directors Robert Noel Chair Jennie Daly Chris Carney Humphrey Singer Irene Dorner Scilla Grimble Lord Jitesh Clodagh Moriarty Mark Castle Gadhia Chief Executive Group Finance Senior Non-independent Independent Independent Independent Independent Director Independent Non Executive Non Execut
Slide 5: Welcome
Taylor | ple Wimpey Welcome Robert Noel Chair
Slide 6: Group overview
Group overview Jennie Daly Chief Executive
Slide 7: 2023: Delivering a good performance by managing through the cycle
2023: Delivering a good performance by managing through the cycle Net private sales rate – Group completions homes per outlet per including joint week ventures 0.62 10,848 (2022: 0.68) (2022: 14,154) Operating profit Plots in short term margin* landbank 13.4% c.80k (2022: 20.9%) (2022: c.83k) * See
Slide 8: Building for the future
Building for the future Strong and resilient business Differentiated by our landbank Sustainable and responsible Reliable shareholder returns 8 Taylor Wimpey Annual General Meeting 23 April 2024
Slide 9: Focused on investing in our employees
Focused on investing in our employees ● Employee engagement score of 93% ● 98% of employees agree that we take health and safety in the workplace seriously ● 96% of employees are proud to work for Taylor Wimpey ● Investing in our people ● 45% of our regional management teams have been promoted inter
Slide 10: Focused on creating value for our customers, communities and partners
Focused on creating value for our customers, communities and partners ● 92% 8-week ‘would you recommend’ score (2022: 90%) ● 4.89 Construction Quality Review score out of 6 (2022: 4.81) ● Contributed £405 million to local communities (2022: £455 million) ● Donated and fundraised c.£1 million for reg
Slide 11: Creating value for our investors: capital allocation priorities
Creating value for our investors Our capital allocation priorities Highly cash generative business allows for investment for growth and attractive shareholder returns 1 2 3 4 Investment in land and Maintain a strong Sustainable ordinary WIP to drive future Return excess cash balance sheet dividend g
Slide 12: Timber frame production commenced
Timber frame production commenced ● Production commenced, deliveries to site in H1 2024 ● Full capacity will be c.3,000 units per year ● Supports goal of increasing timber frame usage to 30% of production by 2030 (in combination with existing suppliers) 12 Taylor Wimpey Annual General Meeting 23 Apr
Slide 13: 2024 priorities
2024 priorities Continue to Remain focused Adjust build Will be active in Continue to prioritise value on building a plans to meet land market invest in our over volume strong order anticipated where we people and book demand see good long term opportunities sustainability 13 Taylor Wimpey Annual Ge
Slide 14: Current trading and outlook
Current trading and outlook Jennie Daly Chief Executive
Slide 15: UK current trading
UK current trading ● The Spring selling season is progressing in line with our expectations ● Traffic to our website is encouraging and there are good levels of visitors to our sites despite some market uncertainty and affordability challenges for some customers ● Lenders continue to be supportive a
Slide 16: Outlook
Outlook ● Remain focused on prioritising value over volume, building a strong order book and positioning ourselves for growth from 2025, assuming supportive market conditions ● Continue to expect 2024 UK completions (excluding JVs) to be in the range of 9,500 to 10,000, with completions weighted 45%
Slide 17: Q & A
Q & A 17 Taylor Wimpey Annual General Meeting 23 April 2024
Slide 18: Resolutions and proxy votes
Resolutions and proxy votes Robert Noel Chair
Slide 19: Proxy vote for Resolutions
Proxy vote for Resolutions Percentage of total votes cast (excluding withheld) Votes in Total votes favour incl. Discretionary Votes against Number Resolution cast Votes withheld discretionary (%) (%) (%) 1 2023 Annual Report & Accounts 2,342,907,980 24,909,144 99.99 0.01 0.01 2 2023 Final Dividend
Slide 20: Proxy vote for Resolutions
Proxy vote for Resolutions Percentage of total votes cast (excluding withheld) Votes in Total votes favour incl. Discretionary Votes against Number Resolution cast Votes withheld discretionary (%) (%) (%) 12 PricewaterhouseCoopers LLP 2,342,907,980 428,740 98.82 0.01 1.18 13 Auditor’s fees 2,342,907
Slide 21: Annual General Meeting
Annual General Meeting 23 April 2024
Slide 22: Appendix
Appendix Annual General Meeting 23 April 2024 Taylor Wimpey plc
Slide 23: Definitions
Definitions ● Operating profit is defined as profit on ordinary activities before financing, exceptional items and tax, after share of results of joint ventures. Operating profit margin is defined as operating profit divided by revenue. ● Adjusted gearing is defined as adjusted net debt divided by n