Taylor Wimpey Plc · LSE:TW.
Taylor Wimpey — Shareholder Meeting (April 2015)
23 slides from Taylor Wimpey's shareholder meeting presentation, Apr 23, 2015
Slide 1: Taylor Wimpey plc Annual General Meeting
Taylor Wimpey plc Annual General Meeting 23 April 2015
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 3
Slide 4: Group overview
Group overview Pete Redfern Chief Executive 4
Slide 5: A responsible and well rounded business
A responsible and well rounded business • We make a major contribution to the economy and our local communities – Contributed £300 million to our local communities including infrastructure, schools, affordable housing and community facilities – Large local employer: c.3,900 people and opportunities
Slide 6: 2014 business highlights
2014 business highlights • Accident rate kept low – Annual Injury Incident Rate of 209 per 100,000 employees and contractors (2013: 207) 6
Slide 7: 2014 business highlights
2014 business highlights • National house type range fully rolled out and effective on >70% of sites / plots 7
Slide 8: 2014 business highlights
2014 business highlights • 70 NHBC Pride in the Job Awards – strongest performance to date – Andy Shaw, from our Midlands regional business, named Runner-Up in the Multi-Storey Builder category at the Supreme Awards 8
Slide 9: Customer service – a continued focus for 2015
Customer service – a continued focus for 2015 • Always a strong focus for Taylor Wimpey • Getting service right in 2014 was difficult with industry growth and resource challenges • H1 2015 focus on mapping out a new service offering for roll out in H2 • Improvements planned to communication, deliver
Slide 10: 2014 financial highlights
2014 financial highlights • Operating profit* margin increased to 17.9% (2013: 13.6%) • Return on net operating assets** of 22.5% (2013: 16.8%) • Tangible net asset value† per share up 11.9% to 77.9p (2013: 69.6p), 15.8% growth in net assets before cash distributions • £73m total cash paid to shareh
Slide 11: 2014 financial highlights
2014 financial highlights Operating profit is defined as profit on ordinary activities before net finance costs and 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 open
Slide 12: Returns to shareholders
Returns to shareholders • 2014 maintenance dividend pay-out doubled to 2% of net assets – Reflecting both confidence in our performance and the resilience of the UK housing market – 2014 final maintenance dividend of 1.32 pence per share (2013: 0.47 pence per share), if approved, to be paid on 20 Ma
Slide 13: Returns to shareholders
Returns to shareholders • Current value of £100 invested in 2008 13
Slide 14: Key differentiators
Key differentiators 1. We have invested in new land in a disciplined way, at the right time and in the right locations 2. We have a clear view on the right size of our business and our focus is on delivering sustainable growth and value generation in a balanced, consistent way through the housing cy
Slide 15: Current trading and outlook
Current trading and outlook 15
Slide 16: A positive housing market with strong underlying demand
A positive housing market with strong underlying demand • Positive trading environment – High levels of customer confidence and an affordable mortgage environment – Average private net reservation rate of 0.76 sales per outlet per week for the year to date (2014 equivalent period: 0.74) – Cancellati
Slide 17: Short term landbank
Short term landbank All active sites Key: Strategically sourced Not strategically sourced 17
Slide 18: Outlook
Outlook • Overall market outlook remains positive - strong first quarter in a positive trading environment • Uncertainty surrounding the general election outcome has not impacted customer confidence and underlying demand remains high • High degree of confidence in delivering 3-year medium term targe
Slide 19: Resolutions and proxy votes
Resolutions and proxy votes 19
Slide 20: Questions and Answers
Taylor ple Wanieaies Questions and Answers
Slide 21: Proxy vote for Resolutions 1-11
Proxy vote for Resolutions 1-11 Percentage of total votes cast Total votes Votes Votes in Discretionary Votes against Number Resolution cast withheld favour (%) (%) (%) 1 Report & Accounts 2,002,085,882 4,960,482 99.90 0.09 0.01 2 Dividend 2,002,085,882 4,817,954 99.90 0.09 0.01 3 Special dividend 2
Slide 22: Proxy vote for Resolutions 12-20
Proxy vote for Resolutions 12-20 Percentage of total votes cast Total votes Votes Votes in Discretionary Votes against Number Resolution cast withheld favour (%) (%) (%) 12 Deloitte LLP 2,002,085,882 22,096,808 99.07 0.11 0.82 13 Auditors' fees 2,002,085,882 4,906,884 99.83 0.11 0.06 14 Authority to
Slide 23: Taylor Wimpey plc
Taylor Wimpey plc Annual General Meeting 23 April 2015