DPS

Dividend Per Share

Forward Land

Land which is owned or controlled by Redrow, generally under option, which is being promoted through the planning system in order to ultimately achieve a residential planning consent

GDPR

General Data Protection Regulation

GDV

Gross Development Value

HBF

Home Builders Federation

NHBC

National House Building Council

PRS

Private Rented Sector

Sales outlet

A development with new homes for sale, comprising a discreet sales area and with a planned selection of new homes available

SDLT

Stamp Duty Land Tax

NPPF

National Planning Policy Framework

How Key Performance Indicator Measures are Calculated

Accident incident rate by site

No. of notifiable accidents in financial year divided by average no. of sites

Earnings per share (EPS)

Profit attributable to ordinary equity shareholders (excluding exceptional items and deferred tax rate changes) divided by the weighted average no. of ordinary shares in issue during the financial year

HBF customer satisfaction rating

 Independent HBF customer satisfaction rating score

Land holding years

No. of plots in owned land holdings at 30 June divided by no. of legal completions in financial year

Number of trainees

No. of trainees at 30 June

private reservation rate

No. of private reservations per week in financial year divided by average no. of sales outlets

Return on capital employed (ROCE)

Operating profit before exceptional items adjusted for joint ventures as a percentage of opening and closing capital employed

Return on equity (ROE)

Profit before tax before exceptional items adjusted for joint ventures as a percentage of opening and closing net assets

Revenue

Revenue per consolidated income statement

Sales outlets

No. of sales outlets open at 30 June