Cairn Homes : 2022 H1 Interim Results Presentation

Cairn Homes plc

2022 Interim Results Presentation

2022 Interim Results Presentation - 8 September 2022

Michael Stanley

Chief Executive Officer

Shane Doherty

Chief Financial Officer

Declan Murray

Head of Investor Relations

Table of Contents

H1 2022 Highlights &

1 Review

H1 2022 Financial Results &

2 Guidance

3 Leading Sustainably

4 Outlook

5 Appendices

Page

2

13

23

25

27

1

01

H1 2022

Highlights

& Review

Harpur Lane, Leixlip

H1 2022 Key Highlights - KPIs

Strongest Ever H1 Sales

Performance

547

Closed sales (36% of FY22 guidance)

1,988

Current closed and forward sales with a net sales value in excess of €760m

Investment

in Growth

€78m

Net investment in WIP in H1

with €346m invested in our scaling

construction activities

€64m invested in new sites in H1

Revenue and

Operating Profit

€240.3m (+84%)

Revenue from core activities

€36.2m (+209%)

Operating profit and an

operating margin of 15.1%

Construction

Meeting Demand

5

New site commencements in H1,

growing to 7 year to date

22

Active site nationwide supporting over

3,000 full-time positions

On Target for

Current Year Guidance

1,500

Closed new home sales

€600m+

Revenue

21.5%

Gross margin

€100m

Operating profit

€115m

Minimum shareholder returns

3

Competitive Average Starter Home Sales Prices

H1 2022 Average Selling Prices*

			ASPs €'k
Sales	Units	Starter Homes	Trade Up/Down	Apartments	Overall	Revenue
H1 2022	547	330	509	472	439	€240.3m
H1 2021	403	327	458	301	324	€130.4m
Movement	+36%	+1%	+11%	+57%	+35%	+€109.9m

		Cairn
	5	developments
Realisable demand further	where FTBs
have availed of
improved by newly launched
the First Home
Government support		scheme to
	date

Competitive starter home price points achieved by continuing to drive significant efficiency and

innovation through our supply chain, partnerships and business operations

* Net of VAT

4