Taylor Wimpey Plc · LSE:TW.
Taylor Wimpey — Shareholder Meeting (April 2018)
24 slides from Taylor Wimpey's shareholder meeting presentation, Apr 26, 2018
Slide 1: Annual General Meeting 26 April 2018
Annual General Meeting 26 April 2018
Slide 2: Disclaimer
Disclaimer This presentation is not intended to, and does not constitute or form part of, any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities in Taylor Wimpey plc or any other invitation or inducement to en
Slide 3: Welcome
Welcome Kevin Beeston Chairman
Slide 4: Board of Directors
Board of Directors Kevin Beeston Chairman Pete Chris James Jennie Daly Kate Gwyn Burr Mike Angela Rob Rowley Humphrey Group Operations Barker Singer Redfern Carney Jordan Director Hussey Knight CBE Chief Executive Group Finance Group Legal Director Director and DBE Company Secretary Executive Direct
Slide 5: Group overview
Group overview Pete Redfern Chief Executive
Slide 6: Group financial highlights
Group financial highlights Return on net operating assets* Total dividends paid 30.7 32.4 500 450.5 30 27.1 400 355.9 308.4 20 300 % £m 200 10 100 0 0 2015 2016 2017 2015 2016 2017 2016-2018 medium term target: 2016-2018 medium term target: Average of 30% Total £1.3bn over period Operating profit* m
Slide 7: UK operating highlights
UK operating highlights 90% 14.0% £69.3k (2016: 86%) (2016: 13.9%) (2016: £65.5k) Average customer Voluntary employee Contribution per satisfaction score turnover completion† over the last six months 0.77 152 17.1k (2016: 0.72) (2016: 211) (2016: 10.8k) Private net sales rate Health and Safety Addit
Slide 8: 2017 shareholder highlights
2017 shareholder highlights ▪Total shareholder return of 92% over three years to Dec 31 2017 Total Shareholder Return 3,000 2,500 Value (£) (rebased) 2,000 1,500 1,000 500 0 01 Jan 31 Dec 31 Dec 31 Dec 31 Dec 31 Dec 31 Dec 31 Dec 31 Dec 31 Dec 2009 2009 2010 2011 2012 2013 2014 2015 2016 2017 Taylor
Slide 9: 2017 shareholder highlights
2017 shareholder highlights ▪ Subject to shareholder approval, 2017 total dividends declared up 68% ▪ 2017 final ordinary dividend of 2.44 pence per share (2016: 2.29 pence per share), to be paid on 18 May 2018 ▪ Total ordinary dividend for the year of 4.74 pence per share (2016 total ordinary: 2.82
Slide 10: Continuous business improvement
Continuous business improvement Health and Business Customer People and Product and safety operating service resources production methods 10
Slide 11: Three focus areas of our employee proposition
Three focus areas of our employee proposition Culture Attraction and Development Pay and Benefits Increasing collaboration Investment in new Training Benchmarked key teams to through open plan Academies (Production, ensure they remain market environments and Customer Services and competitive improve
Slide 12: Employee changes having a positive impact
Employee changes having a positive impact ▪ Consistent, low attrition rate (14% - 15%) even as competition for staff has increased ▪ 93% employee engagement level (72% response rate) ▪ Ranked 15th best place to work in the UK by Glassdoor - voted for by employees, the only commercial housebuilder to
Slide 13: Diversity
Diversity ▪ First Gender Pay Gap report released: ▪ Mean and median gender pay gaps of 1% and -2% respectively, significantly lower than the current UK national average ▪ However with 32% females across the business and significantly more senior men, we recognise that we need to do more ▪ Our Action
Slide 14: Customer service
Customer service ▪ Statistics* - “Recommend” score in 2017 at 89% 95% 90% HBF 5* 85% 80% HBF 4* 75% Jan - Mar April - Jun Jul - Sep Oct - Dec 2016 2017 ▪ Embedding culture and processes takes time, but trend is encouraging ▪ Underlying statistics evidence improvement as we move through the year ▪ Sc
Slide 15: Charity and communities in 2017
Charity and communities in 2017 ▪ Contributed £413 million (2016: £363 million) to our local communities via planning obligations ▪ Charitable donations of over £1 million (2016: over £875k) to registered charities (donations and fundraising), in addition to c.£90k to other organisations (2016: c.£1
Slide 16: Current trading and outlook
Current trading and outlook Pete Redfern Chief Executive
Slide 17: UK current trading
UK current trading ▪ The underlying housing market has remained stable in the first four months of 2018, with continued good accessibility to mortgages at competitive rates ▪ During the first few weeks of March, poor weather conditions had a noticeable impact on sales and build rates but activity ha
Slide 18: Outlook and summary
Outlook and summary ▪ Trading through the spring selling season has been good and customer demand for housing continues to be strong ▪ We remain on track to meet our expectations for the year, but expect completions for 2018 to be more second half weighted than 2017 ▪ Build cost inflation is anticip
Slide 19: Taylor Wimpey plc
19 Wimpey | plc
Slide 20: Resolutions and proxy votes
Resolutions and proxy votes Kevin Beeston Chairman
Slide 21: Proxy vote for Resolutions 1-11
Proxy vote for Resolutions 1-11 Percentage of total votes cast Votes in favour Discretionary Votes against Number Resolution Total votes cast Votes withheld (%) (%) (%) 1 Report & Accounts 1,946,945,613 1,010,573 99.93 0.06 0.01 2 Dividend 1,946,945,613 197,232 99.91 0.06 0.03 3 Special dividend 1,9
Slide 22: Proxy vote for Resolutions 12-21
Proxy vote for Resolutions 12-21 Percentage of total votes cast Votes in favour Discretionary Votes against Number Resolution Total votes cast Votes withheld (%) (%) (%) 12 Gwyn Burr 1,946,945,613 735,332 97.80 0.07 2.13 13 Deloitte LLP 1,946,945,612 7,171,958 98.63 0.08 1.29 14 Auditor’s fees 1,946
Slide 23: Appendices
Taylor Wimpey plc Annual General Meeting Appendices
Slide 24: Definitions
Definitions ▪ Operating profit is defined as profit on ordinary activities before net finance costs, exceptional items and tax, after share of results of joint ventures ▪ Return on net operating assets is defined as 12-month rolling operating profit divided by the average of the opening and closing