Taylor Wimpey PLC Investor and analyst update (6640M)
25 Maggio 2022 - 8:00AM
UK Regulatory
TIDMTW.
RNS Number : 6640M
Taylor Wimpey PLC
25 May 2022
25 May 2022
Taylor Wimpey plc
Investor and analyst update
Taylor Wimpey will be hosting an event for institutional
investors and analysts in London today with CEO Jennie Daly, Group
Finance Director Chris Carney, and further members of the senior
management team.
Our presentation will set out the Group's approach to building a
stronger and more resilient business which will deliver superior
returns for our shareholders. It will provide an overview of our
business priorities and Taylor Wimpey's potential to deliver
enhanced value through our sector leading landbank and sharper
operational focus.
The presentation will provide detail on the Board's strategic
focus for Taylor Wimpey which comprises four key cornerstones of
value for the business going forward:
1. Land: optimising value from our owned and controlled landbank
and our sector leading strategic land pipeline
2. Operational excellence: building greater discipline through
our business model to improve efficiency, protect value and ensure
Taylor Wimpey is fit for the future
3. Sustainability: continuing to evolve and embed ESG throughout
the business for the benefit of all our stakeholders
4. Capital allocation: reinforcing our clear and disciplined
framework that balances investment for future value creation with
sustainable annual dividends and excess cash returns for investors
as appropriate through the cycle
As part of our commitment to delivering a stronger and more
resilient business, we are today confirming our financial targets
comprising an:
- Operating profit* margin of 21-22%; and
- Return on net operating assets** of 30%
Our dividend and capital allocation policy remains
unchanged.
Trading remains in line with trends recently outlined at our
Annual General Meeting on 26 April 2022. Guidance for operating
margin and outlet-led volume growth is reconfirmed today.
* Operating profit is defined as profit on ordinary activities
before net finance costs, exceptional items and tax, after share of
results of joint ventures.
** Return on net operating assets (RONOA) is defined as rolling
12-month operating profit divided by the average of the opening and
closing net operating assets, which is defined as net assets less
net cash, excluding net taxation balances and accrued
dividends.
-Ends-
For further information please contact:
Taylor Wimpey plc Tel: +44 (0) 1494 885656
Jennie Daly, CEO
Chris Carney, Group Finance Director
Debbie Archibald, Investor Relations
Andrew McGeary, Investor Relations
Finsbury TaylorWimpey-LON@fgh.com
Faeth Birch
Anjali Unnikrishnan
James Gray
Notes to editors:
Taylor Wimpey plc is a customer-focused homebuilder operating at
a local level from 23 regional businesses across the UK. We also
have operations in Spain. Our purpose is to build great homes and
create thriving communities.
For further information please visit the Group's website:
www.taylorwimpey.co.uk/corporate
Follow us on Twitter @TaylorWimpeyplc
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END
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