10-02-2020 : Slideshow Results for the nine months of fiscal year 2020

RESULTS

FOR THE FIRST NINE MONTHS

OF FISCAL YEAR 2020

AND OUTLOOK

October 2, 2020

CONTROLLED GROWTH MOMENTUM MAINTAINED

• Housing orders (in value, €m, incl. VAT)

+30.4%

826.1

1,146.4 1,077.4

-6.0%

> Take-up period for housing
(in months, over the 9-month period)
7.6
-4.6 months
5.7
3.0
-2.7
months

9M	9M		9M
2015	2019		2020
> Housing property portfolio
(number of units)			35,594
+70,5%	33,445
		+6.4%
20,877
End	End		End
Aug.	Aug.		Aug.
2015	2019		2020
9M 2020 results - October 2, 2020

	9M	9M	9M
2015	2019	2020

> Overall backlog
(€m, excl. VAT)		3,697.0
	2.8x	+67.0%	1,307,5 BP*
		2,213.5
		211.0	2,389,5
1,291
		2,002.5
		Housing
		+19.3%
End		End	End
Aug.		Aug.	Aug.
2015	* Business Property and other	2019	2020

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NEW HOUSING

DATA ON THE SITUATION IN FRANCE'S NEW HOUSING MARKET

General economic conditions		New housing market
(Source INSEE)		(Source FPI)

GDP

	Q2 20	Q2 20
	vs	vs
	Q1 20	Q2 19

-13.8%

-19.0%27.5%

14.7%
Q2 19	Q2 20

Construction	Household
GDP	consumption
Q2 20	Q2 20	Q2 20	Q2 20
vs	vs	vs	vs
Q1 20	Q2 19	Q1 20	Q2 19

-11.0%

-15.6%

-21.6%

-31.5%

104	103
	92	94
Jan 20	Mar 20 May 20 Aug 20

Building permits (multi- occupancy, end-July)

3 12

months months

	2020 vs	-16.9%
2019
-34.5%
Housing starts		Units put up for sale
(multi-occupancy,end-July)	H1 20 vs H1 19

3	12
months	-46.7%
months
-8.8%
-12.2%

Property

Household savings	Consumer confidence score
rate

• Average interest rate on new loans: stable

				x2	10.7%
Refusal rate on real estate loans	5.5%
	Dec 19 Aug 20

supply -13.7% H1 20 vs H1 19

Average price

Q2 20 vs Q2 19

Orders

(individual + -31.9%+3.2% blocks)

H1 20 vs H1 19

9M 2020 results - October 2, 2020

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