BARRATT REDROW PLC ADR (BTDPY) Q4 2026 Sales/Trading Call Transcript

BARRATT REDROW PLC ADR ( BTDPY ) Q4 2026 Sales/Trading Call July 15, 2026 3:30 AM EDT Company Participants David Thomas - Group CEO & Executive Director Mike Roberts - Chief Operating Officer John Messenger - Group Investor Relations Director Conference Call Participants William Jones - Rothschild & Co Redburn, Research Division Harry Goad - Joh. Berenberg, Gossler & Co. KG, Research Division Zaim Beekawa - JPMorgan Chase & Co, Research Division Christopher Millington - Deutsche Bank AG, Research Division Allison Sun - BofA Securities, Research Division Rebecca Parker - Goldman Sachs Group, Inc., Research Division Charlie Campbell - Stifel, Nicolaus & Company, Incorporated, Research Division Lewis Roxburgh - Goodbody Stockbrokers UC, Research Division Peter Ajose-Adeogun - Morgan Stanley, Research Division Samuel Cullen - Peel Hunt LLP, Research Division Presentation Operator Hello, and welcome to Barratt Redrow plc FY '26 Trading Update call.

My name is Laura, and I will be your coordinator for today's event.

Please note this call is being recorded.

[Operator Instructions]

I will now hand you over to your host, David Thomas, Chief Executive Officer, to begin today's conference.

Thank you.

David Thomas Group CEO & Executive Director Good morning, everyone, and thank you for joining us on our FY '26 trading update call.

Mike Roberts and John Messenger are with me this morning.

As ever, I'd like to start off by thanking all of our employees, our subcontractors and our suppliers for their continued commitment and sheer hard work, which has driven this performance.

Last month, we achieved 122 NHBC Pride in the Job Awards, more than any other housebuilder for the 22nd consecutive year, and it is our best result ever.

It is this commitment, operational excellence and focus on our build quality and our customers that has underpinned this solid performance.

Clearly, the operating environment is challenging, but we've responded proactively to these challenges.

We've used incentives carefully