1H21 FINANCIAL RESULTS
25 FEBRUARY 2021
ANNUAL GENERAL MEETING ǀ 20 NOVEMBER 2019 ǀ PAGE 1
PEET IS WELL POSITIONED TO LEVERAGE MARKET RECOVERY
1• 1H21 operating earnings of $10.1m - up 101%
2• Strong sales growth in 1H21 across national portfolio - up 50%
3• Contracts on hand up 15% providing positive momentum into 2H21
4• Government stimulus packages have supported a further improvement in sales and enquiry activity
5• Non-core divestment program ahead of expectations with $39m under contract
6• Focused on driving operating leverage with >80% of the land bank expected to be in development by FY23
LARGEST 'PURE PLAY' RESIDENTIAL DEVELOPER IN AUSTRALIA
INTEGRATED MODEL WITH PROVEN CAPITAL PARTNERING CAPABILITY
Significant and diversified land bank encompassing more than 45,800 lots across 52 projects
Integrated platform with broad product expertise across land, medium density townhouses and low rise apartments
Flexible and unique funding model underpinned by proven capital partnering capability of c.34,000 lots held in capital efficient arrangements
BROAD CUSTOMER AND PRODUCT REACH
SCALE PIPELINE WITH LOW COST BASE
Diversified land bank
strategically located in growth corridors of major cities in every mainland state of Australia
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Peet Limited published this content on 25 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 February 2021 00:31:01 UTC.