Slide 1: A growing business with growing opportunities
A GROWING BUSINESS WITH GROWING OPPORTUNITIES
Slide 2: Strong performance in 2024
am Persimmon Strong performance in 2024 ersimmeon Investment in key capabilities delivering a return to growth Completions Outlets 0.70 up from 0.58 Current total forward order book +12% Owned landbank +4% 96.0% up 310bps 2 ‘Full Year Results 2024
Slide 3: Growing returns into the medium-term
Growing returns into the medium-term Operating margin and ROCE ambition of 20% Increasing shareholder returns Supported by market fundamentals and a pro-housing government
Slide 4: Andrew Duxbury
> —_ > Q x =) Q > o om xe) Cc < (@ Persimmon Ne Together, we make your home
Slide 5: Delivering a return to growth
Delivering a return to growth
Slide 6: Delivering homes at affordable prices
Delivering homes at affordable prices ▪ ▪ ▪ ▪ ▪ ▪ ▪
Slide 7: Underlying operating profit bridge
Underlying operating profit bridge ▪ ▪ ▪ ▪ ▪
Slide 8: A strong balance sheet
A strong balance sheet ▪ ▪ 154 ▪ ▪ 235 ▪
Slide 9: Good progress on building safety
Good progress on building safety ▪ ▪ ▪ ▪ ▪
Slide 10: Disciplined cash deployment with a self-sustaining model
Disciplined cash deployment with a self-sustaining model ▪ ▪ Cash 31 December 2023 Reported operating profit Net investment in land Decrease in WIP Other working capital and other movements Interest and tax Capital expenditure Investing & finance Cash pre-building safety and dividend Building Safety
Slide 11: Continued disciplined investment into land
Continued disciplined investment into land ▪ ▪ ▪ ▪
Slide 12: Good quality land portfolio, with strong embedded margins
Good quality land portfolio, with strong embedded margins ▪ ▪ ▪ ▪
Slide 13: Medium-term margin progression
Medium-term margin progression ▪ - - - - - ▪ ▪
Slide 14: Clear priorities for capital allocation
Clear priorities for capital allocation 60
Slide 15: 2025 financial outlook
2025 financial outlook (@ Persimmon 2024 2025 New home completions 10,664 11,000-11,500 = Assumes stable macroeconomic and Net finance expense £10m £15m-£20m geopolitical conditions Underlying operating margin 14.1% 14.2%14.5% = Investment in land driving outlet and Tax rate 25.6% 29% volume growth
Slide 16: Dean Finch
Dean Finch Group Chief Executive (@ Persimmon Together, we make your home
Slide 17: Growing business with growing opportunities
Growing business with growing opportunities Well placed for further growth with a pro-housing government
Slide 18: Proactive and disciplined approach to land
Proactive and disciplined approach to land ▪ - ▪ ▪ ▪ - ▪ A platform for growth ▪ ▪ ▪
Slide 19: Strategic land portfolio a key asset
Strategic land portfolio a key asset ▪ ▪ ▪ - - ▪ - - ▪ A platform for growth ▪ ▪ ▪
Slide 20: Consistent improvement in quality and customer service
Consistent improvement in quality and customer service ▪ - - - ▪ ▪ A platform for growth ▪ ▪ ▪
Slide 21: Consistent improvement in sales and marketing
Consistent improvement in sales and marketing ▪ - - ▪ - - ▪ - - A platform for growth ▪ ▪ ▪
Slide 22: Charles Church reinvigorated
Charles Church reinvigorated ▪ - - ▪ - - ▪ - - ▪ A platform for growth ▪ ▪ ▪
Slide 23: Other strategic markets
Other strategic markets ▪ ▪ - - - - - ▪ - ▪ A platform for growth - ▪ - ▪ ▪
Slide 24: Innovation and unique vertical integration
Innovation and unique vertical integration ▪ ▪ ▪ - - ▪ ▪ - - A platform for growth • • •
Slide 25: A good start to 2025
A good start to 2025 ▪ - - ▪ - - ▪ - A platform for growth - • -
Slide 26: Growing returns into the medium-term
Growing returns into the medium-term Supported by market fundamentals and a pro-housing government
Slide 27: Appendices
Appendices
Slide 28: Appendices
APPENDICIES Underlying trading performance Underlying trading per plot Trading performance — Brand Balance sheet — key items Cash flow Forward order book Monthly mortgage approvals Oo NOM a wWN a Net zero transition pathway 28 Full Year Results 2024 @®@ Persim Together, we make
Slide 29: Underlying trading performance
Underlying trading performance
Slide 30: Underlying trading per plot
APPENDIX 2 Underlying trading per plot (@®@ Persimmon Together, we make your home New housing per plot 2024 2023 Change 2024 2023 Change Revenue £268,499 £255,752 +5.0% 100.0% 100.0% Land costs £(31,907) £(29,920) +6.6% (11.9)% (11.7)% (0.2)% Build and other direct costs £(181,982) £(173,414) +4.9%
Slide 31: Trading performance - Brand
APPENDIX 3 Trading performance - Brand fae (@ Persimmo New housing 2024 2023 Change New housing 2024 2023 Change No. No. £m £m Units Persimmon 8,128 6,958 +17% Gross Persimmon 444.7 384.3 +16% Charles Church 947 723 431% Fi Charles Church 94.0 75.6 424% Partnerships 1,589 2,241 (29)% Partnerships 43
Slide 32: Balance sheet - key items
APPENDIX 4 Balance sheet - key items (@®@ Persimmon Together, we make your home 2024 2023 Change Work in progress £1,426.3m £1,431.3m £(5.0)m Land £2,265.5m £2,103.5m +£162.0m Land creditors £423.2m £372.0m +£51.2m Part exchange £154.4m £114.6m +£39.8m Shared equity loans £29.0m £32.1m £(3.1)m Net c
Slide 33: Cash flow
APPENDIX 5 Cash flow £m H1 2024 H2 2024 FY 2024 FY 2023 Operating cash generated (before working capital movements) 164.7 254.9 419.6 360.1 Movement in working capital: Decrease/ (increase) in gross land 0.5 (161.3) (160.8) (8.8) (Decrease)/increase in land creditors (56.3) 103.7 474A (106.8) Net la
Slide 34: Forward order book
APPENDIX 6 Forward order book ( Persimmon 31 December 2024 31 December 2023 Variance Forward order book Units ASP Revenue Units ASP Revenue Units ASP Revenue Private 2,360 £276,857 £653m 1,877 £266,092 £499m +26% +4% +31% Housing Association 3,110 £158,334 £493m 3,530 £158,782 £561m (12)% -% (12)% T
Slide 35: Monthly mortgage approvals
APPENDIX 7 Monthly mortgage approvals (@®@ Persimmon Together, we make your home Improving trend ‘000s 120 Dec 2020: 101,200 100 Dec 2013: Bo 72,800 60 60,100 40 20 Dec 2015: 71,000 Average monthly approvals since beginning of 2013: 64,866 May 2020: 9,300 Dec 2021: 71,200 2013 2014 Source: Bank of E
Slide 36: Net zero transition pathway
(@®@ Persimmon Net zero transition pathway vec Thermally efficient ground sar (3) Integrated photovoltaic panels Panelised off-site manufacturing using Space4 9) Wastewater heat recovery from fully insulated timber frame shower Gen4 bricks from our Brickworks factory © ae tiles from our Tileworks ‘a
Slide 37: Disclaimer
Disclaimer @ Persimmon Important Notice Some of the information in this document may contain projections or other forward-looking statements regarding future events or the future financial performance of Persimmon Plc and its subsidiaries (the Group). You can identify forward-looking statements by t