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11 months ago

Keepmoat Annual Report & Financial Statements 2022

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Annual

Annual Report & Financial Statements 2022 Chief Executive’s Review A record year I am delighted to report that Keepmoat 1 has delivered a record level of revenue and profit in 2022, achieved with further underlying margin improvement. This has been another excellent year for the Group, and despite the challenging and uncertain market conditions we have made good progress building and strengthening the business. Demand for our affordable, high quality homes has remained strong and, through the year the pricing environment was positive with sales price inflation enabling us to carefully manage continued inflationary cost pressures, ensuring that we maintained and improved our margins. Tim Beale Chief Executive Officer (1) Keepmoat refers to the trading activities of the Keepmoat Limited Group 5 KEEPMOAT.COM

Strategic Report £778.1m Revenue 10.9% increase; £701.6m in 2021 £114.3m Adjusted EBITDA 39.6% increase on the previous year; £81.9m in 2021 £204,000 Average selling price 14.0% increase from £179,000 in 2021 3,776 Homes sold 3.6% decrease, 3,915 in 2021 >23,100 Plots secured Representing 6 years of delivery 77% Brownfield developments Homes sold on brownfield land or in regeneration areas 1,113 Employees 6% of which are trainees, apprentices or graduates 6