Henry Boot PLC (BOOT) Q2 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

And just before I start the formal parts of the proceedings, just have a look at the image of that. That, believe it or not, is an industrial unit, and that's our development at Raynham. And it overlooks the Thames. You can see how it's a computer-generated image, but it will look like this. You can see how green it is. It almost looks like an R&D technology part, doesn't it? that was being built in the 1990s, and that is net zero carbon. So that's the sort of quality of development that we're developing, even on the industrial market. Nice to see a picture of what we do, isn't it? so morning everybody so we're going to do the normal running order with me covering our operational highlights i'll then give a brief overview of our strategic targets then darren's going to update on financials and land promotion and then i'll go through development construction and finish off with outlook So you can guess what I'm going to do. First of all, I'm going to talk you through our investment case. And I know you're all familiar with this, but... Again, I think that it's useful. We're focused on three long-term markets with positive structural long-term trends. And whilst our markets have slowed, I think that these results show that due to the quality of our sites, the quality of the schemes that we promote, and the premium homes that we build, that you can maintain encouraging levels of demand. It gives you resilience. More importantly, nothing that we've seen over the last 12 months shakes our belief in our three markets. We've continued our long record of managing our balance sheet effectively, and you can see from the bar graph that the NAV just continues to remorselessly grow. With 97,000 plots and a development pipeline of 1.26 billion all held at cost, we've also got ampl...