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Taylor Wimpey plc 4 August 2021 Taylor Wimpey plc Half year results for the period ended 4 July 2021 Record first half performance and excellent momentum into the medium term Pete Redfern , Chief Executive , commented : " We have delivered a record first half performance and a strong operating profit margin * † performance of 19.3 % , which reflects tight cost discipline as well as higher completions in the period . Our focus remains on driving further improvement in our operating profit margin and accelerated outlet - driven volume growth from 2023 . Backed by last year's equity raise we stepped up our activity in the land market before competition returned and we successfully increased our land pipeline with high - quality sites that will deliver a strong financial performance . We are progressing this land through the planning stages as expected , providing excellent momentum for growth , enhanced returns for our stakeholders and increased numbers of new homes . We have a clear purpose to deliver high - quality homes and create thriving communities and a strategy to ensure the long term sustainability of the business . We now expect to deliver 2021 full year Group operating profit * of c . £ 820 million , above the top end of consensus¹ , with UK completions ( excluding joint ventures ) expected to be towards the upper end of our guidance range of 13,200 to 14,000 . " Financial highlights : • • • • • Group completions of 7,303 homes ( H1 2020 : 2,771 ) excluding joint ventures , a record first half performance , partly due to the delayed Q4 2020 completions Strong margin performance with first half Group operating profit margin of 19.3 % ( H1 2020 : ( 2.1 ) % ; H1 2019 : 18.0 % ) , as a result of our strong cost and price discipline throughout the business and benefiting from increased completions Net cash of £ 906.5 million , due to timing of land payments Acted decisively in March 2021 , to announce a new cladding fire safety provision of £ 125 million to make apartment buildings safe and mortgageable up to EWS1 ( External Wall Fire Review ) guidance 2021 interim dividend of 4.14 pence per share ( c . £ 151 million in total ) in line with our Ordinary Dividend Policy to return c.7.5 % of net assets to shareholders annually in two equal payments Page | 1