Capital Markets Day
Wootton Park and Chicheley Hall • 24 May 2018
bovishomesgroup.co.uk Capital Markets Day
Welcome to Wootton Park
Wootton Park is an attractive new Agenda for the day development in the pretty Bedfordshire 9:45am village of Wootton, less than 6 miles from Arrival on site, PPE and refreshments. the county town of Bedford and within Welcome and introductions, safety easy reach of busy Milton Keynes. briefing, divide into groups
The vibrant village has a wide range of Site visit activities, sports and clubs for all ages, and 1. Site set up and management 2. Health and safety boasts a 14th century church, post office, 3. Phoenix Collection re-plan pharmacy, two convenience stores, pubs, a 4. Sales and marketing health centre, a library and local schools. 5. Sales specification Wootton Park offers a wide choice of 6. Show home brand new homes, each carefully designed 7. Build best practice to meet the needs of today’s lifestyles. 8. Build specification 12:30pm Depart site for Chicheley Hall, refreshments on arrival Presentation - Affordable Housing
1:20pm Buffet lunch
2:00pm
Northampton A45 Presentations -
A6 Business update
A428 A4280 The Phoenix Collection
A509
A422 Newport A1 Q&A Paynell Road Bedford M1 A603 3:30pm Wootton Bedford Road 15 Day ends - coach departs Chicheley Hall
A421 14 for Bedford station Milton Keynes 13 A6 A421 4:11pm N A5 Train departs Bedford for London St Pancras
4:55pm Train arrives London St Pancras Fields Road
4 5 10 11 12 1 2 3 13 6 14 9 7 21 9 44 15
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20 16 41 8 17 47 24 19 46 7 18
86 45 23 25
26 87 85 22 5 27 88 28 4 105 29 6 30
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B 1
180 179 110 109
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177 114 176 106A Sign in and PPE 3 Phoenix Collection re-plan 7 Build best practice James Shuttleworth Dale Burrell 175 Regional Technical Director Site Manager 116 115 B Welcome117 and refreshments 174 Dogan Omer Sales and marketing Assistant Site Manager Site set up and management 4 1 Debbie Meachen Peter Stone Area Sales Director Build specification Regional Build Director 78 Jon Bowen 5 Sales specification Group Commercial Director 122 Health and safety 121 2 Alison Tindle Roger Morton Regional Sales and Marketing Director 123 Head of Talent 9 Walking tour route 120 Matt Baker 6 Show home Health, Safety and Sue Hill Naomi Warren Environment Advisor Sales Advisor Sales Advisor 119
118 Capital Markets Day
1 Site set up and management Peter Stone Regional Build Director
Wootton Park site team
Area build director Site manager
Assistant site manager
Forklift driver Labourer
• Site management team • Materials delivery control - Site Manager, Assistant Site Manager, - Critical for successful site management Forklift driver, Labourer and site profitability - Good site managers attract high - Storeman role key to an efficient site quality tradesmen • Work in progress • Build programme - Target 15 to 18 'unsold' homes - Typical production rate of 50,000 to above slab 60,000 sq ft per year • Welfare facilities - Site occupation strategy is key - Creating a workplace where high quality people want to work
Capital Markets Day
2 Health and safety Roger Morton Matt Baker Head of Talent Health, Safety and Environment Advisor
Safety differently Safe because it is ethically the right thing to do, rather than because the law tells us. See people as the solution, rather than the problem. Emphasise the positives, as well as reporting the negative.
• H&S leadership, advice and • Frequent visits from regional guidance now delivered in-house management team (ICQ visits) • Site set-up and investment in • Regular and transparent reporting site managers on performance • Working partnership with specialist • Drives a more pro-active culture contractors rather than a compliance role • Adopted a much more ‘hands on’ approach
Fusing health and safety together with learning and development • Health and safety is seen as a • New leadership development leadership activity and vital to our programme commenced in April behavioural change programme
Contractor engagement • Provision of Site Safety Supervisor • 2017: Trained 106 contractors from Training Scheme qualifications for 47 companies contractors • 2018: Trained 102 contractors from 37 companies to date
Priorities for 2018 • Simplified health, safety and • Well-being environmental management system • Induction and access control Bovis Homes RIDDOR trends
2 016
2 017
2 018
Report % Score
Previous % Scores 74.8 Jan-18 37 81.9 82.8 Feb-18 Health and Safety Inspection Key Facts 0 Number of topics reviewed 185 82.2 10 Mar-18 Daily 0 147 n/a Scored 3 Apr-18 Maximum number of points available Inspection Scoring system 10 n/a Number of points awarded May-18 2 Form HS3 V2.0 Number of topics not inspected Number of topics not applicable
: Assessment criteria
Best Practice Bovis Homes Health, Safety and Environmental Monitoring Report
Compliant Legally & Policy
Assessment Summary Activity requiring focus (s) observed Performance Non-Compliance % Minor and/or Category 23 - TM; 27 - WAH Non-Compliances Multiple Minor 67.7 Risk identified unsafe * Medium Medium Risk unsafe or multiple Wootton Park High Risk Activities High Risk N/A 86.3 acts or conditions observed, all work on site stopped with immediate effect. Site Activities N/R 80.0 Not Applicable on site / activity does not occur on site Communication Health and Not reviewed at the time of inspection / no evidence 100.0 of activity
Document Control 17/04/2018 - PM 80.0 Time and date of visit: Marco Sidoli Monitoring/close out safety score: Area Build Manager: * High Risk Activities attract a weighted negative score
Big Wootton
Site Address: BHL Site Manager (Agency) Matt Baker Score Position: Visit by: Dale Burrow 3 Item 4 Site Manager: Dale Burrow Score Electricity 35 4 5 Trade Supervision Accompanied by: 36 4 Item 4 PPE Score Welfare / wellbeing 37 * 4 18 5 4 Structural Safety Food Hygiene 38 N/R 82.8% 19 5 Environment Item 4 Safety Signs 39 N/A Site induction 20 5 1 4 Sustainability Safe Access 40 * 5 Toolbox talks 21 -1 2 Asbestos N/R Housekeeping /Workplace* 41 5 Outstanding / Corrective Actions 22 4 * 3 N/R Fire Traffic Management* 42 4 Risk Assessments 23 4 Storage 4 N/R Lifting Operations 43 4 Method Statements 24 * 4 Materials / Manual Handling 5 4 Scaffolding 44 4 25 CPP * -1 Hazardous Substances 6 5 45 * Ladders 4 DABs 26 * 4 HFL/LPG 7 5 Work at Height 46 N/R Competent persons 27 * 4 Waste Management 8 4 47 Falling Objects * N/A Statutory Documents 28 4 Sales/Show house 9 4 48 Excavation/Spoil* First Aid 29 4 Other issues 10 4 Confined space 49 Monitoring HS51-54 30 N/R 11 * 5 Work Equipment Permit to Work * 31 N/R 12 N/R Hand Arm Vibration Security / Public safety 32 N/R 13 5 Noise Adjudication 33 14 4 Hot works Planning & forthcoming works 34 15 N/R Occupation Strategy 16 Emergency Procedures April scores 17 Printed on 18/04/2018
Page 1 of 3
Bovis Homes HS3 Site Inspection Form Capital Markets Day
3 Phoenix Collection re-plan James Shuttleworth Regional Technical Director
• Wootton Park is a consortium site of • No changes to the road layout 600 homes shared equally between as part of the re-plan to reduce Bovis, Bellway and Taylor Wimpey planning risk • The planning approval limits each • The LPA, Bedfordshire Borough developer to 200 homes each, so Council is generally amenable there is no opportunity to increase to minor changes as long as the unit numbers integrity of the development is not compromised • The area identified for the Phoenix re-plan review excludes homes due for completion in 2018 • The re-plan excludes the affordable housing as a contract is already in place with the RP (Bedford Pilgrims Housing Association)
Portfolio Phoenix Portfolio Phoenix Housetype P504 19 Housetype P404 12 Bedrooms 5 5 Bedrooms 4 4 Sq ft 1,837 1,716 Sq ft 1,341 1,218 Build cost £166k £148k Build cost £130k £106k ASP £447k £466k ASP £399k £375k Wootton Fields Phoenix range review 2018
Portfolio areas 94 homes
Phoenix review area 106 homes
Projected upli in coverage (Subject to planning): 3%
Portfolio Phoenix Portfolio Phoenix Portfolio Phoenix Housetype P404 18 Housetype P506 20 Housetype P502 16 Bedrooms 4 5 Bedrooms 5 5 Bedrooms 5 4 Sq ft 1,341 1,792 Sq ft 1,994 2,066 Sq ft 1,757 1,715 Build cost £130k £142k Build cost £170k £155k Build cost £162k £148k ASP £399k £560k ASP £560k £584k ASP £494k £498k Capital Markets Day
4 Sales and marketing Debbie Meachen Area Sales Director
Site statistics
Land acquired December 2016
Land vendor Bedford Borough Council Total units 200 - Private 159 - Affordable 41 Total ASP £333,507 Private ASP £386,926 Affordable housing partner BPHA Showhomes launched 19 May 2018 Expected finish on site June 2022 Let us help smooth the way to your new home
Smooth Move takes the hassle out of selling your old house, and ensures that your move Smooth Move is just one of goes as smoothly as possible. Homes you’ll love – help you’ll really value the ways Bovis Homes offers We’re experienced in home help you’ll really value - so you buying and selling, so you can can get moving. count on us to help you achieve the most cost-effective way to Smooth sell your home - and at the right price. Move Talk to one of our sales advisors today about the smooth way to get moving into your new Bovis Home Choose the easier, more cost-effective way to sell your old property and move Go to www.bovishomes.co.uk and click on into your new Bovis Home Purchase assistance‘Need help to schemesmove?’ for more details
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When y When youthis pachaveou ha finished with this k pleaseve recyfinished wit Smooth Move is available on selected plots only. Smooth Move may not be used in conjunction with any other whole process so muchcle it. h easier leaflet please recycle it.
promotion. Please ask sales advisor for further information. Terms and conditions apply. With our Smooth Move service we’ll make the whole process of selling your The right price, With you every step old property that much easier. Simply sit back and relax while we do the hard the right buyer, of the way work for you. And with your old home sold, you’re free to make the move to the right professionals Even after you’ve bought your the Bovis Home of your choice. If you’ve found your perfect new new home we’ll continue to Printed 04.2018 Bovis Home,bovishomes.co.uk but still need to sell help. We’ll arrange a home your current property, we could demonstration before you Four easy steps to a smoother move find you the right buyer. move in, and afterwards make Smooth Move is designed to a courtesy visit to check that 1 2 3 4 help sell your old property you’re 100% satisfied. If you quickly so you can make the encounter any problems with Once you choose your We arrange for one We’ll instruct the estate Once a buyer is found move to your brand new home. your new home our dedicated new Bovis Home all or more estate agents agent and deal with you can reserve your customer care team is always you have to do is to value your existing them on your behalf new Bovis Home, and We will instruct local estate on-hand to help too. register with our Smooth property and agree a during the marketing on legal completion agents who share our Move service† selling price of your property we’ll pay the estate knowledge of the market In short, we’ll do everything we agent’s fees conditions and so can set a can to make your move go as realistic price. We’ll assist you smoothly as possible. every step of the way, dealing with the agents on your behalf during the marketing of your Potential savings on estate agent’s fees property, saving you the time and trouble. Once you have a †An upfront fee of £500 is required at Selling price of This is what you could save on this stage - all of which is refundable your property agent’s fees with Smooth Move buyer we can also recommend expert and cost-effective against the reservation fee and purchase £100,000 £2,100 solicitors to carry out the legal price of your new Bovis Home. If you £200,000 £4,200 choose not to purchase, Bovis Homes will £300,000 £6,300 work on both your current retain fifty percent of the fee to cover property and your new home. administrative and other costs incurred in £400,000 £8,400 processing and holding the reservation. £500,000 £10,500 We will even pay the estate Smooth Move is available on selected Calculations based on typical estate agent’s fees of 1.75% plus VAT at 20% agent’s fees when your house plots only. Please see the sales advisor is sold, saving you thousands for further information on the home in of pounds! which you are interested.
Homes you’ll love – help you’ll really value Homes you’ll love – help you’ll really value Bringing our Armed Forces homes
Now you can save yourself time and money HelpThanks to our Home Exchange Typically, it will take less than Home scheme we can help make the two weeks from choosing your whole process of buying and new home to us making you an selling so much easier. offer - at market value - on your current property. Simply choose your brand Exchange to newBuy home and the rest of the Home Exchange is just one of moving process is handled the ways Bovis Homes offers We’ll take the trouble out of moving - and Use the Helpby us to - easy! Buy equity loan help you’ll really value – so you can get moving. save you time and money along the way scheme toSee move how quickly into we a can Bovis make it Home just a all happen. 5% deposit Talk to one of our sales advisorsH todayelp about the easiest way to get moving intoto your Buy new Bovis Home Go to www.bovishomes.co.uk and click on Bovis Homes Schemes ‘Need help to move?’ for more details for the Armed Forces
Helping members of the Armed Forces to own a home with assistance from Bovis Homes, the Government and the Ministry of Defence
Please note that leasehold houses with less than 80 years to run on the lease cannot be considered for the Bovis Homes exchange scheme unless you first acquire the freehold. A £500 fee will be taken on reservation and is included as part of the purchase price of your new Bovis Home. Should cancellation occur after 48 hours Bovis Homes will retain fifty percent fee or one hundred percent in circumstances where the Homebuyer report has been undertaken. All purchases are subject to When you have finished with this pack please recycle it. contract, survey and valuation. Bovis Homes as the purchaser, and you as the vendor, have the right to withdraw at any stage prior to the exchange of contracts. Home Exchange is available on selected bovishomes.co.uk plots only. Terms and conditions apply. Please ask the sales advisor for further information. bovishomes.co.uk When you have finished with When youthis pac havek please finished recycle it. with this leaflet please recycle it. Printed 04.2018 bovishomes.co.uk Capital Markets Day
5 Sales specification Alison Tindle Regional Sales and Marketing Director
• New sales specification • Wootton Park - why all inclusive? One size does not fit all - The Bovis Homes ‘difference’ and differentiate on property size, competitive advantage on a location etc. consortium development, reflecting our market intelligence of the area • Select brochure Options model - giving our customers • Price optimisation the ability to personalise their homes Sales advisor incentive scheme to achieve best price Select brochure
Kitchen upgrades Kitchen upgrades
Hotpoint 60cm induction hob Bosch single built-in/under oven Bosch 60cm or 75cm pyramid hood Bosch double built-under oven
Bosch double built-in oven Your choice of options and upgrades
Bosch 60cm hob Bosch 70cm hob Hotpoint 70cm induction hob Bosch 60cm induction hob Hotpoint integrated dishwasher Bosch integrated dishwasher Hotpoint integrated Bosch integrated fridge freezer fridge freezer
Ref. code Ref. code Hotpoint to Bosch single built-in/under oven, 60cm hob and hood K001 Existing 70cm hob to Hotpoint 70cm induction hob K011 Hotpoint to Bosch double built- in oven, 60cm hob and hood K002 Existing 60cm hob to Bosch 60cm induction hob K012 Hotpoint to Bosch double built-under oven, 60cm hob and hood K003 Indesit to Hotpoint fully integrated dishwasher K006 Hotpoint to Bosch double built-in oven, 70cm hob and hood K004 Indesit to Hotpoint fully integrated fridge freezer K007 Hotpoint to Bosch double built-under oven, 70cm hob and hood K005 Indesit to Bosch fully integrated dishwasher K008 Existing 60cm hob to Hotpoint 60cm induction hob K010 Indesit to Bosch fully integrated fridge freezer K009
3 We cannot guarantee the supply of specific models, and in some circumstances alternatives may be used. We cannot guarantee the supply of specific models, and in some circumstances alternatives may be used. 4
New specification bathroom
Supply and demand chart
Supply (Properties)
Demand (Properties)
Source: Rightmove.co.uk Capital Markets Day
6 Show home Sue Hill Naomi Warren Sales Advisor Sales Advisor
The Arundel 5 bedroom house Kitchen and utility room
Our kitchens are tailor-made for each You also get to personalise your brand of our homes making sure they make new kitchen with a wide range of finish full use of the available space, whilst combinations (both doors and worktops). incorporating a suite of integrated Hidden away in the utility room in a appliances. The featured integrated cupboard is the modern A energy rated appliances are energy efficient, Potterton condensing boiler for all your manufactured by Indesit/Hotpoint and heating and hot water requirements. are all included within the price.
Main bedroom
A bedroom with contemporary design and attractive features. Bedroom 1 features a built-in wardrobe with sliding mirrored doors. The contemporary en suite can be personalised with your choice of stylish Porcelanosa ceramic tiles, including the combination of both a standard and feature tile. Capital Markets Day
7 Build best practice Dale Burrell Dogan Omer Site Manager Assistant Site Manager
Hands on operational management encouraging best practice on the ground and enabling the sharing and implementation of best practice across the group. Increased focus on the core principles of the Pride in the Job scheme and ‘friendly’ competition between site teams to excel.
• Customers invited to inspect homes • Driving quality and efficiency of during build process construction through: – First fix review popular with - Valuing the importance of customers innovation on sites to reduce defects – Gives greater understanding and confidence to the customer - Increasing the understanding of build construction across all • Focus on NHBC reportable items disciplines within the Group – Allows easy comparability - Cross functionality working parties across sites across the Group • Pride in the Job Award encapsulates - Visualising best practice in drive for improved quality photographic format – effective in - Gives real targets and contractors meetings achievements for sites
Capital Markets Day
8 Build specification Jon Bowen Group Commercial Director
Our strategy To consistently deliver the highest quality new homes whilst maximising build efficiency. To achieve standardisation and consistency across the Group, minimising build defects and customer issues.
Our approach / how are we doing things differently • Getting it right first time • Hands on approach and driving the speed of change • Listening and reacting to feedback
What changes have we made to date • Complete build specification review • Project Phoenix – new specification
Priorities for 2018 and beyond • Continued review of the new house • BIM development of new range type range and specification and specification • Continued exploration of • Modern methods of construction commercial partnering agreements and product innovation • Focus on waste management, sustainability and environmental factors Partnering with market leading brands When you have finished with this pack please recycle it.
When you have finished with this pack please recycle it.
bovishomesgroup.co.uk
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