Jeff-fairburn-2015

Jeff Fairburn, Group Chief Executive

"Persimmon is committed to working with others in the sector to address the range of challenges that need to be overcome to achieve the Government’s target of
300,000 new homes each year by the mid-2020s.”

Persimmon’s performance over the past 12 months has been excellent. We built 16,043 homes, an increase of 872 on the previous year and continued to execute our long term strategic plan to create superior sustainable shareholder value.

The increase in the number of homes we build is making a good contribution to addressing the housing shortage especially for first-time buyers and first-time movers. This issue has, quite rightly, commanded the attention of the Government and other stakeholders. Persimmon is committed to working with others in the sector to address the range of challenges that need to be overcome to achieve the Government’s target of 300,000 new homes each year by the mid-2020s. This willingness is demonstrated in the Home Building Skills Pledge, which commits Persimmon and other signatories to collaborate on training standards, diversity and inclusion and promoting careers in the sector.

Sustainability is important to Persimmon. It is about acting responsibly to do the right thing for the business, whether that relates to our customers, employees, the communities in which we build or the environment. By integrating sustainability throughout the business we can also improve operational and financial performance. An example of
how we have translated strategy into action is the opening of our new Brickworks which will contribute to a reduction in our environmental footprint as well as delivering financial and supply benefits to the business. Likewise, our investment in customer care has been recognised by improvements in our rating in the HBF National New Homes Customer Satisfaction Survey. We have also improved our own internal customer care measures. I am particularly proud of this achievement, given the growth in build.

Finally, I want to highlight the success of our Healthy Communities Campaign which, since its launch in May 2017, has donated £132,750 through the Persimmon Charitable Foundation to 240 sports teams and clubs aimed at under
21s across the country. We have chosen 30 finalists to compete to receive a top prize of £200,000 and two runner up prizes of £50,000. The winner will be announced in March 2018 and will be the sports club with the most public
votes. Together with our Community Champions scheme, which donated £601,092 through the Persimmon Charitable Foundation to community groups during the year, we aim to support the local communities where we operate.

Jeff Fairburn, Group Chief ExecutiveMarch 2018