Grainger : Analyst Presentation for Annual Results for the year ending 30 September 2021 (PDF)

Acceleration into a new phase of growth

Full Year Financial Results

for the year ended 30 September 2021

18 November 2021

Agenda

1. Overview
2. Financial Results
3. Market and business update
4. Summary and Q&A
5. Appendix

Originate

Invest

Operate

Helen Gordon

Chief Executive

Rob Hudson

Chief Financial Officer

Helen Gordon

Chief Executive

Helen Gordon

Chief Executive

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Strong lettings momentum signals Originate Invest Operate growth ahead

95%

Apex Gardens,London

Occupancy as at Oct 2021

The Filaments, Manchester

£2.1bn

Operational PRS portfolio

1,304

New PRS homes in FY21

8,373

Future homes in the pipeline

Windlass Apartments, London

2.5x

Potential NRI growth from pipeline

Gatehouse Apartments, Southampton

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Robust performance; a growing business

Originate

Invest

Operate

Net rental	Passing NRI	Rental	Adjusted	EPRA NTA	Dividend
income		growth (L4L)	earnings	a	a

£70.6m	£81m	+1.0%	£83.5m	pps	5.15pps
		297
(4)%	+15%	(195) bps	+2%	+4%	(6)%

Financial highlights:

Passing net rental income up +15% on reported FY21 net rental income to £81m

L4L rental growth of +1.0%, reflecting our focus on retention, 2.0% excl. incentives

Adjusted earnings +2% over the last 12m +14% residential sales profit

Net rental income lower due to accelerated asset recycling in H1 to capitalise on strong market and temporary voids

Strategic highlights:

Growing PRS Portfolio now £2.1bn and 69%

Successful equity raise of £209m gross proceeds, now committed, positive shareholder support

6 new buildings (1,304 homes) now c.91% let

183 new Affordable homes added to total portfolio of 878

4 new acquisitions (£299m; 1,174 homes)

2 new planning consents (618 homes)

Continued our investment in our technology platform

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A socially responsible business

Originate

Invest

Operate

Taking a leading industry role in driving responsible business practices

84%	85%	89/100	878	552
electricity supplies	EPC A-C	WalkScore	operational	community
within our	events, many
purchased is	within PRS	Affordable homes
renewable	pipeline	with 183 added	celebrating
portfolio
	A 'very walkable'	this year	Diversity &
		Inclusion
		portfolio

Renting homes, enriching lives

Highlights for the year

Net Zero Carbon	Published Grainger's net zero carbon road map
	Co-Sponsored the COP26 Built Environment Virtual Pavilion
Positive social impact	Defined our social value priorities
	Embedded community engagement best practice blueprint
	Became LandAid charity pro bono and first steps partner
Diversity & Inclusivity	Developed our strategic framework for diversity & inclusion
	Employee-led D&I Network delivered programme of activity for employees
	and residents
Sustainable	Issued our first TCFD summary report
investment decisions	Developed Grainger's sustainable finance framework

ESG

Leadership

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