Taylor Wimpey Investor Presentation — May 2018

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Changing environment

Enhanced dividend and capital structureStrategy and goalsChris

Group Management Team

Current trading and outlook for 2018 –no change since AGM

4▪The underlying housing market has remained stable in the first four months of 2018, with continued good

accessibility to mortgages at competitive rates

▪During the first few weeks of March, poor weather conditions had a noticeable impact on sales and build rates

but activity has since recovered

▪Solid consumer demand continues to drive a healthy sales rate against a very strong comparator. Average

private sales for the year to date were 0.85 sales per outlet per week (2017 equivalent period: 0.93) in line with

▪Cancellation rates remained low at 13% (2017 equivalent period: 10%)

▪Total order book stood at 9,057 homes (2017 week 18: 9,226), excluding legal completions to date

▪Total order book value stood at approximately £2,182 million (2017 week 18: £2,230 million)

▪Guidance for 2018 unchangedStrategy introduction

5▪Operating to current strategy since around 2011, have updated during the last 7 years with:

▪Increased focus on customer satisfaction and staff development

▪New financial targets

▪Now is the time for a more in depth review:

▪Changed and changing environment

▪Previous strategy essentially complete

▪Important to test, challenge and push ourselves2011 –2018: A changing environment?

6Land and planning environment and industry structureHousing market and customer drivers

People, production, resources and capacity constraints

Taylor WimpeyToday’s housing market drivers

7▪Macro drivers have changed little over 20 years: