Glenveagh Properties PLC (GLV) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Speaker 1: Welcome to the conference call. For the 1st part of the conference call, the participants will be in listen-only mode. During the questions and answers session, participants are able to ask questions by dialing pound key 5 on their telephone keypad. Now I will hand the conference over to Stephen Garvey. Please go ahead sir. Speaker 2: Good morning everyone and thank you operator. Speaker 2: I am Stephen Garvey, Chief Executive of Glenway Properties. I am joined today by my colleagues Connor Mertz at RCFO Speaker 2: and Kate Halliday of Investor Relations. Speaker 2: Thank you for joining our interim results call for the six-month end of the 13th June 2026. Speaker 2: This morning I'll take you through the executive summary on the H1 performance, Speaker 2: the markets, the policy backdrop and how our Long-term strategy is showing up in home building, partnerships, Speaker 2: land and innovation. Speaker 2: Connor will take you through the financials, Speaker 2: capital allocation Speaker 2: and the outlook and I'll come back at the end for any closing remarks. Speaker 2: As always we'll leave plenty of time for your questions towards the end. Speaker 2: We begin Speaker 2: in slide 4 which sets out the highlights of page 1 including a sold out 2026 Speaker 2: and an EPS Speaker 2: upgrade guidance amongst many other milestones of note. Speaker 2: Overall this is 0.5 of accelerating activity. Speaker 2: Construction spend is up 34%, Speaker 2: we launched 6 new sites and the order book has grown to a record 1.8 billion, up 29% Speaker 2: year on year. Speaker 2: The result is that the 2nd 0.5 is now fully underwritten. Speaker 2: Within our home building segment, nearly 2, 400 units are sold, contracted or reserved of 62% Speaker 2: and every home we expect...