2006 shareholders review

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2006 shareholders review

• Alan Crowe
• Chief Executive 26 June 2006

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• Year at a glance
• Client profile
• Balance sheet summary
• Key facts and figures
• New thinking on affordability

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Year at a glance
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Strong numbers, new story

• Important challenges in an unprecedented housing
  market
• New thinking on tackling affordability

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Strong numbers, new story

• 504 homes purchased for client households
• 715 homes staircasing (purchasing further equity)

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Client profile
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Client groups

• Single adult households
• first time buyers 95
• separated from a partner coping with
  reduced income
• Lone parents
• Couples setting up home together
• Living with family or renting
• Moving for employment or family reasons
• Currently living in unsuitable housing

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Property purchasers 504
Home buyers, aged from 18 to 81
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Properties purchased 504
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Affordability last year and now 504

• Big and fast housing market price rises - up 25
• Average Co-Ownership purchase price - up 11
• 75,370 (2005) 83,497 (2006)
• Yet - steady client income levels
• 15,842 (2005) 16,012 (2006)

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Staircasers return on investment 686
Clients leaving were 19,208 better off (average)
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Financial summary
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Balance sheet summary
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Key facts and figures
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New thinking on affordability
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• In place
• Reduced rent and applicant fees
• Planned
• Partnership projects to meet local needs
• Proactivity in the housing market
• Secure property for future buyers
• Review applicant affordability criteria
• Reduce entry level from 50 to 40

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