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We have an ambition to deliver earnings growth through geographical expansion while offering a competitive dividend.

STRONG FUNDAMENTALS FOR UK HOUSING MARKET

  • Market demand underpinned by growing population and limited housing supply
  • Complex planning system favours experienced housebuilders with broad range of capabilities and knowledge of local market
  • The lending environment remains supportive with competitive supply of mortgages.

ATTRACTIVE LAND PORTFOLIO

  • High quality and desirable land portfolio, primarily concentrated in Southern England, with new sites being added in new regions of the UK
  • Extensive strategic land portfolio is predominantly held under option and represents excellent capital efficiency
  • Strong financial position enables us to remain active in acquiring land in competitive environments

BRAND SYNONYMOUS WITH QUALITY AND GREAT PLACEMAKING

  • Established brand name with strong heritage associated with quality and customer service
  • Strong reputation for placemaking and for creating attractive, sustainable communities
  • Opportunity to offer more customers the chance to own a Crest Nicholson home across the UK.

DIVERSIFIED SOURCES OF INCOME

  • Our Multi Channel Approach provides resilience by delivering income from a variety of sources and capital
  • Private Rented Sector (PRS) is a well-capitalised, growing asset class providing dependable yields
  • Dedicated Partnerships and Strategic Land division maintaining strong relationships with Registered Providers and PRS partners.

CLEAR RESPONSIBILITIES TO SOCIETY AND THE PLANET

  • Committed to net zero emissions by 2045 and established interim science-based targets covering scope 1, 2 and 3 emissions
  • Reducing our waste and minimising our impact on natural resources
  • Increasing procurement of renewable electricity to 100% by 2025.

ROBUST BALANCE SHEET WITH MARGIN RECOVERY PLAN ON TRACK

  • Strong balance sheet with year end net cash position of £276.5m and a renewed £250m revolving credit facility
  • Disciplined and selective approach to land acquisition and capital allocation
  • Sustainable dividend cover on two and a half times cover basis.