Taylor Wimpey Plc · LSE:TW.
Taylor Wimpey — Shareholder Meeting (April 2022)
23 slides from Taylor Wimpey's shareholder meeting presentation, Apr 26, 2022
Slide 1: Annual General Meeting 26 April 2022
Annual General Meeting 26 April 2022
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 Pete Redfern Jennie Daly Chris Carney Robert Noel Humphrey Scilla Grimble Lord Jitesh Gwyn Burr Angela Knight Singer Gadhia CBE Group Operations Chief Executive* Director and CEO Group Finance Non Executive Non Executive Non Executive Non Executive Non Execut
Slide 5: Welcome
Welcome Irene Dorner Chairman
Slide 6: Group overview
Group overview Pete Redfern Chief Executive
Slide 7: Strong 2021 performance
Strong 2021 performance 2021 highlights ● Positioned Group for growth with high-quality land Group investment completions Revenue Operating profit* ● 5-star customer rating 14,302 £4,284.9 million £828.6 million maintained ● Environment strategy progressed Construction Quality Review 8-week ‘would y
Slide 8: ESG highlights 2021
ESG highlights 2021 • Achieved 35% absolute reduction in emissions since 2013, and reduced our carbon emissions intensity by 50% since 2013 • One of the first UK developers to set Science Based Targets across our value chain, including a 1.5 ⷪC target for operational emissions. During 2022, we will
Slide 9: Fire safety
Fire safety ● The safety of our customers is of paramount importance and we took early and proactive action in the immediate aftermath of the Grenfell tragedy to address fire safety and cladding issues ● In March 2021, we committed significant further funding to bring all Taylor Wimpey apartment bui
Slide 10: Stakeholders and Total Shareholder Return
Stakeholders Total Shareholder Return TSR - Value (£) (rebased)** 1,000 800 600 400 200 0 2011 2013 2015 2017 2019 2021 Taylor Wimpey FTSE 350 Housebuilders Index **based on £100 invested / Source: Thomson Reuters Datastream Our employees Our customers Our partners Our communities Our investors ● An
Slide 11: Delivering 2021 priorities
Delivering 2021 priorities Progress Delivered strong uplift in 2021 completion volumes ⚫ Strong recovery in operating margin through increased volumes and continued cost discipline ⚫ Significant land investment and outlet progress provides platform for growth ⚫ Embedding new environment strategy wit
Slide 12: Current trading and outlook
Current trading and outlook Jennie Daly CEO Designate
Slide 13: Maintaining momentum
Maintaining momentum ● Operating margin ● Operational excellence and discipline driving increase in operating margin ● Outlet growth ● Progressing recent land acquisitions through planning to facilitate outlet growth in late 2022 and volume growth in 2023 ● Great stakeholder experience ● Continue to
Slide 14: Our capital allocation priorities
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 growth Maintain low adjusted geari
Slide 15: UK current trading
UK current trading ● The UK housing market remains healthy, underpinned by continued strong customer demand, low interest rates and good mortgage availability ● The recent increase in interest rates, from 0.5% to 0.75%, has not impacted customer appetite and the mortgage market remains competitive,
Slide 16: Outlook and summary
Outlook and summary ● We continue to make good progress on our priorities, including improving operating profit margin and opening new outlets to enable material volume growth in 2023 ● Our focus remains on delivering our operating profit margin target of 21-22% and we expect to see further progress
Slide 17: Q & A
Q & A 17 Taylor Wimpey Annual General Meeting 26 April 2022
Slide 18: Resolutions and proxy votes
Resolutions and proxy votes Irene Dorner Chairman
Slide 19: 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 2021 Report & Accounts 2,230,515,221 3,357,736 99.97 0.01 0.02 2 2021 Final Dividend 2,233,588,284 284,673 99.85 0.01 0.14 3 Irene Dor
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 (%) 10 PricewaterhouseCoopers LLP 2,233,238,714 634,243 98.71 0.01 1.28 11 Auditor’s fees 2,233,504,479 368,478 99.85 0.02 0.13 12 Authority
Slide 21: Annual General Meeting
Annual General Meeting 26 April 2022
Slide 22: Appendix
Appendix Annual General Meeting 26 April 2022 Taylor Wimpey plc
Slide 23: 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