Slide 1: Introducing Barratt Redrow
Bertelin Fields, Barat be Woodford Garden Village, Redrow Hendon Waterside, Barratt London Introducing Barratt Redrow David Thomas, Chief Executive Officer & Mike Scott, Chief Financial Officer Barratt Redrow plc
Slide 2: The leading national sustainable homebuilder
The leading national sustainable homebuilder Unique scale, strength and brand offering are set to drive enhanced returns and stakeholder benefits Enhanced growth Improved returns Financial strength Greater scale and growth, with three differentiated brands VN Lo | Increased land bank efficiency impr
Slide 3: Sector leading credentials
Barratt . . Redrow Sector leading credentials BARRALT YY REDROW?C ously ee a at the Job awards NABC 2 2 the Job awards : (2024) Pride in the Job (2024) H nena | ese Arnot | rad rest 1 bth voneecutive 6th youve STeeE Ay A’ rating AA’ rating on climate leadership for commitment to ESG id i dard: Barra
Slide 4: Strong land bank improves visibility of delivery
Strong land bank improves visibility of delivery * Medium term re-alignment of combined land bank to 3.5 years owned and 1 year contracted or controlled through: - Sales outlet optimisation using the three complementary brands and house type ranges - Controlled and disciplined plot replacement * 74%
Slide 5: Unparalleled strategic land position and channel coverage
Unparalleled strategic land position and channel coverage * Our strategic land bank, combining Barratt and Redrow, now encompasses more than 145,000 plots * Our promotional land position, through Gladman, is actively promoting more than 105,000 plots * Comprehensive land sourcing channel coverage th
Slide 6: Three leading, differentiated brands
Barratt Redrow Three leading, differentiated brands David Wilson * Value * Quality * Premium + First time buyers and families * Mover-uppers and families * Premium purchasers and downsizers *.990"" average square feet * c.1,250"! average square feet + c.1,300" average square feet * Typical ASP: c.£3
Slide 7: Delivering more value together
Delivering more value together oO BARRATT DEVELOPMENTS PLC WW REDROW Barratt Redrow Revenue synergies Cost synergies Creating additional outlets Procurement Geographic diversification Divisional office consolidation Flexing our brand portfolio +) Increased operational efficiency Securing and develop
Slide 8: Growing faster - clear plan to deliver revenue synergies
Barratt . : . Red Growing faster - clear plan to deliver revenue synergies eon BARRATT +] HOMES DAVID WILSON HOMES +) W7 REDROW » WHERE QUALITY LIVES. Cumulative incremental . tlet i ¢ Increased geographic reach for Redrow ouriet openings * Greater land bank efficiency with three brands 40 * Redrow
Slide 9: Illustrative benefits of multi-branding
Barratt Redrow Illustrative benefits of multi-branding Example site: ¢ Redrow introduced to Barratt development * Increased customer choice drives incremental sales * 60% improvement in sales rate shortens site life * Site completed over a year and a half earlier * Capital efficiency and cash genera
Slide 10: Clear plan to unlock cost synergies
Clear plan to unlock cost synergies £90m * At least £90m run rate synergies three years post-acquisition ¢ Working collaboratively with our supply chain to generate £34m 38% procurement savings * Divisional office network optimisation has begun * Central and support functions to be right-sized * Exp
Slide 11: Delivery profile of cost synergies
Barratt . . . Redrow Delivery profile of cost synergies Clearance Exit run rate synergies by year received: Oct 24 Oct 25 Oct 26 Oct 27 : Year 1: i Year 2: i Year 3: : i Synergies: £45m run rate : Synergies: >£81m run rate i Synergies: Full run rate to£90m i -. e e sg e ® @ FY25: i FY26: : FY27: FY2
Slide 12: Our model and framework for success
Barratt Redrow - our model and framework for success Business model for the long term Building thriving communities with exceptional build quality and service @ Delivering sustainably with a framework for future homes, great places and better living a) Accelerating completions to deliver the homes t
Slide 13: Current trading
“Oak Leigh.Gardens. Clitheroe Redrow Current trading David Thomas, Chief Executive Officer Barratt Redrow plc AGM trading statement 13
Slide 14: Current trading - Barratt YTD standalone
Barratt Redrow Current trading - Barratt YTD standalone * Sales outlets in line with guidance for 1 July to the full year 13 October 2024 31.9% & + Autumn trading has been in line with en PES DESAI FES" oe expectations - of which PRS and Other MUS 0.05 0.04 n/m . Weak prior period comparative reflec
Slide 15: Current trading - combined group post completion
Barratt Redrow Current trading - combined group post completion Pro-forma® * Private reservation rate of 0.67 since 22 August to 24 August the date of acquisition, including 13 October 2024 15 October 2 0.08 from PRS & multi-unit sales Net private reservation rate" 0.67 36.7% & * Weak prior period c
Slide 16: Outlook
Outlook * Trading in line with expectations * Supportive political backdrop * Competitive mortgage rates supporting customer demand * Redrow integration commenced and good line of sight to synergies + Full year total home completions guidance [including Redrow from 224 August 2024): 16,600-17,200 *
Slide 17: Q&A
The’ Willows. Bourne David Wilson Q&A David Thomas, Mike Scott, Steven Boyes & Matthew Pratt Barratt Redrow plc
Slide 18: Appendix
Sycamore Grove Newcastle Upon Tyne Barratt Appendix Barratt Redrow ple AGM trading statement 18
Slide 19: Scheduled updates
Barratt Redrow Scheduled updates 12' February 2025 Interim results & combination update 16!” April 2025 Q3 trading update Late April 2025 Factory visit and combination update 17% July 2025 Full year trading update 17” September 2025 Full year results presentation 5th November 2025 AGM and trading up