INVESTMENT CASE Investors > Investment case "WE HAVE RESILIENT AND DIVERSIFIED INCOME STREAMS BY HAVING MORE THAN ONE ROUTE TO MARKET." PETER TRUSCOTT CHIEF EXECUTIVE STRONG FUNDAMENTALS FOR UK HOUSING MARKET Market demand underpinned by growing population and limited housing supply Structural shift post COVID-19 with strong demand for homes outside of major cities COVID-19 initiated changes to agile working with customers contemplating a future of less commuting and more home working Government continues to play an important role in supporting house buyers e.g. Help to Buy, the second phase of which has been extended to 2023 The lending environment continues to be supportive with long-term low interest rates and good mortgage product availability. ATTRACTIVE LAND PORTFOLIO Extensive and desirable land portfolio with developments that are primarily concentrated in Southern England and the commuter belt to major towns and cities, especially London Limited exposure to inner city developments Reputation for placemaking enables us to secure sites in desirable locations. BRAND SYNONYMOUS WITH QUALITY AND GREAT PLACEMAKING Established brand name with strong heritage associated with quality Strong reputation for placemaking and for creating attractive, sustainable communities Underpinned by a five-star customer rating. MULTI CHANNEL APPROACH - DIVERSIFIED INCOME STREAM Providing resilience and diversified income streams by having more than one route to market Private Rented Sector (PRS) is a well-capitalised, growing asset class providing dependable yields Dedicated partnership team with clear vision and strong relationships with Registered Providers (RPs) and PRS partners. COMMITMENT TO BALANCING STRATEGIC OBJECTIVES WITH RESPONSIBILITIES TO THE ENVIRONMENT AND WIDER SOCIETY Sustainability Committee, chaired by Chief Executive, now oversees all Environmental, Social and Governance (ESG) matters Clear targets to reduce our carbon emissions (scope 1 and 2) intensity by 25%, waste intensity by 15% and to purchase 100% renewable electricity by 2025 Listed in the FTSE4Good and the Carbon Disclosure Project indices. ROBUST BALANCE SHEET WITH SIGNIFICANT OPPORTUNITIES TO RE-BUILD MARGINS Strong balance sheet with year end net cash position of £142.2m and £250m revolving credit facility fully undrawn Continued focus on work-in-progress and enhancing cash flow generation Dividend reinstated on two and a half times cover basis from HY21. OVERVIEW RESULTS CENTRE BUSINESS MODEL STRATEGY OUR BOARD KEY PERFORMANCE INDICATORS SHAREHOLDER CENTRE INVESTMENT CASE SHARE PRICE TOOLS REGULATORY NEWS CORPORATE GOVERNANCE IPO CONSENSUS ESTIMATES CONNECT WITH CREST NICHOLSON HELPING YOU MOVE BUYING WITH US ABOUT US INVESTORS SEARCH OUR HOMES BY TOWN OR COUNTY TOWN COUNTY Privacy Policy | Cookie Policy | Social Media Terms | Recruitment Privacy Policy | Sales Terms & Conditions | Statutory Information | Supply Chain | Anti slavery and human trafficking statement | Sitemap © Crest Nicholson 2021 We use cookies This website utilises cookies in order to provide analysis of our visitor data, to improve our website, show personalised content and to give you the best experience. For more information, click here. ACCEPT