Taylor Wimpey Plc · LSE:TW.
Taylor Wimpey — Shareholder Meeting (April 2021)
24 slides from Taylor Wimpey's shareholder meeting presentation, Apr 22, 2021
Slide 1: Annual General Meeting
Annual General Meeting 22 April 2021
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 Irene Dorner Chairman
Slide 4: Board of Directors
Board of Directors Irene Dorner Chairman Joined 1 March 2021 Pete Redfern Chris Carney Jennie Daly Robert Noel Gwyn Burr Angela Knight Humphrey Scilla Grimble Lord Jitesh CBE Singer Gadhia Chief Executive Group Finance Group Operations Non Executive Non Executive Non Executive Non Executive Non Exec
Slide 5: Priorities for the Board during the year
Priorities for the Board during the year Supporting and protecting our employees, Positioned to emerge stronger from the customers, partners and communities pandemic • Health and safety • Equity raise, raising net proceeds of £510 million • Employee wellbeing to take advantage of short term opportun
Slide 6: Group overview
Group overview Pete Redfern Chief Executive
Slide 7: 2020 overview
2020 overview 2020 highlights ● Supported all stakeholders through the Q2 shutdown Group ● Adapted to COVID-secure completions Revenue Operating profit* operations ● Assertive re-entry into the 9,799 £2,790.2 million £300.3 million land market Construction Land Since re-entering the Quality Review 8
Slide 8: Supporting our employees
Supporting our employees ● First major homebuilder to stop construction on sites and close sales centres to put in place COVID-secure ways of working ● Daily challenges set for employees to stay connected and engaged ● Introduced a free digital GP service for all employees ● Continuing low level of
Slide 9: Supporting our customers
Supporting our customers ● Five-star homebuilder – 92% in 8-week ‘would you recommend’ score ● Launched a 5% discount for NHS and care workers, over 3,000 NHS and care workers used the scheme, saving a combined c.£46 million on reservations made in the year, as at 31 December 2020 ● Continued to lea
Slide 10: Supporting our communities
Supporting our communities ● Supplied over 50 care organisations with much needed PPE, distributed by employees, and received the Housebuilder Star Award at the Housebuilder Awards 2020 for this initiative ● Contributed over £94k to organisations, such as scout groups, local football teams and vario
Slide 11: Supporting our partners
Supporting our partners ● Introduced our Pay It Forward Scheme early in the pandemic, providing advance payments for future work done by subcontractors where there was a long term relationship ● Raised over £70k for charity in our Isolation Charity Challenge where employees completed as many miles a
Slide 12: Emerging stronger for our investors
Emerging stronger for our investors ● Raised £510 million of net proceeds to take advantage of Total shareholder return short term opportunities in the land market 1,000 900 ● Assertively re-entered the land market and agreed terms on and authorised c.£1.3 billion of gross land purchases 800 up to 3
Slide 13: Shareholder returns
Shareholder returns Resumption of ordinary dividend ● Resumption of Ordinary Dividend Policy, to return approximately 7.5% of net assets ● First payment will be the 2020 final ordinary dividend paid in May 2021, subject to shareholder approval today. This will be 4.14 pence per share which equates t
Slide 14: New environmental strategy targets
New environmental strategy targets Science-based carbon Nature Resources and waste reduction target • Increase natural habitats by • By 2022, publish a ‘towards 10% on new sites from zero waste’ strategy for our • Reduce operational carbon 2023 emissions intensity by 36% sites by 2025 from a 2019 ba
Slide 15: Priorities for 2021
Priorities for 2021 Margin delivery – optimisation of selling price and an enhanced cost mindset Bringing through new land acquisitions for volume growth in 2023/24 v Delivering customer service and consistently great build quality Building on our strengths in Social and Governance areas and new Env
Slide 16: UK current trading
UK current trading ● The UK housing market has remained healthy in 2021, underpinned by continued strong customer demand, low interest rates, good mortgage availability and ongoing Government support, particularly for first time buyers ● The transition into the next phase of Help to Buy has progress
Slide 17: Outlook and summary
Outlook and summary ● We have made good early progress on our 2021 priorities, including driving operating profit margin and an enhanced cost control mindset across the business ● Our focus remains on delivering our operating profit margin target of c.21-22% in the medium term ● Despite the continua
Slide 18: Q & A
Q & A Please type your question in the text box underneath the speaker details on the left hand side of your screen and press ‘submit’ 18 Taylor Wimpey Annual General Meeting 22 April 2021
Slide 19: Resolutions and proxy votes
Resolutions and proxy votes Irene Dorner Chairman
Slide 20: Proxy vote for Resolutions
Proxy vote for Resolutions Percentage of total votes cast Number Resolution Total votes cast Votes withheld Votes in favour (%) Discretionary (%) Votes against (%) 1 Report & Accounts 2,265,114,666 2,966,003 99.97 0.02 0.01 2 2020 Final Dividend 2,268,761,088 79,544 99.96 0.02 0.02 3 Irene Dorner 2,
Slide 21: Proxy vote for Resolutions
Proxy vote for Resolutions Percentage of total votes cast Number Resolution Total votes cast Votes withheld Votes in favour (%) Discretionary (%) Votes against (%) 12 Scilla Grimble 2,267,615,431 465,238 99.93 0.02 0.05 13 PricewaterhouseCoopers LLP 2,267,730,147 350,522 97.99 0.02 1.99 14 Auditor’s
Slide 22: Annual General Meeting
Annual General Meeting 22 April 2021
Slide 23: Appendix
Appendix Annual General Meeting 22 April 2021 Taylor Wimpey plc
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. ● The Annual Injury Incidence Rate (AIIR) is defined as the number of incidents per 100,000 employees and contractors, calculated