Persimmon Plc · LSE:PSN
Persimmon — Shareholder Meeting (April 2022)
9 slides from Persimmon's shareholder meeting presentation, Apr 27, 2022
Slide 1: Annual General Meeting: Chief Executive's Presentation
Annual General Meeting Chief Executive’s Presentation (@ Persimmon 27 April 2022 “=~ Together, we make your home
Slide 2: 2021 Trading highlights
2021 Trading highlights 2021 2020 Change Legal completions 14,551 13,575 +7% Underlying PBT* £973.0m £863.1m +13% Underlying new housing operating margin⁺ 28.0% 27.6% +0.4% Cash £1,246.6m £1,234.1m +£12.5m £460 million land investment, securing nearly 21,000 plots across 101 sites Cost to revenue pe
Slide 3: Trading update
Trading update Robust forward sales of £2.8bn Private weekly sales rate per site c. 2% ahead of last year Around 6,600 plots brought into the business across 22 locations Some signs supply chain issues are easing but still uncertain with persistent inflation pressure Pricing remains robust and helpi
Slide 4: Enhancing our strengths; creating further value
Enhancing our strengths; creating further value Persimmon has a unique balance of strengths and skill-sets that will provide a strong, resilient platform for a sustainable future • Our market positioning • High quality land holdings • Highly experienced management team • Ongoing investment in resour
Slide 5: Creating further value
Creating further value Key areas of operational focus: • Build quality - ambition to “build right, first time, every time” 17% improvement in the number of NHBC Reportable Items • Reinforcing trust - customers at the heart of our business 92.0% score for 2020/21 HBF customer satisfaction survey
Slide 6: Strengthening our market positioning
Strengthening our market positioning Widening the opportunity of home ownership across each of our 31 regional operating businesses Strong core product range providing excellent choice for customers Strategic interests acquired during Private house prices range from £100,000 to £1,000,000 FY 2021 St
Slide 7: Leading the industry as a responsible builder
Leading the industry as a responsible builder Residents’ safety is our priority • Committed that leaseholders would not have to pay to remove any cladding or correct safety issues on any multi-storey buildings we constructed - 33 developments identified • Extended the “look back” 30 years in respons
Slide 8: Excellent position to deliver future growth
Excellent position to deliver future growth Robust forward sales – £2.8bn Current private weekly sales rate per site c. 2% ahead of last year Customer enquiry levels remain strong Anticipate expansion in our outlet network through 2022 – on track to open c.75 new outlets in the first half Expect to
Slide 9: Good momentum & positive for the future
Good momentum & positive for the future Leading the industry as a responsible builder Improving build quality and strengthening the brand Meeting the “green” agenda Strong land holdings and growing outlets Investing further in our own vertical integration and people Disciplined growth en