60RZ Wheatley 44

TIDM60RZ

RNS Number : 0648A

Wheatley Group Capital PLC

24 September 2020

Wheatley Group Capital PLC

213800H5Z7A5G7ZS2U33

Annual Report and Financial Statements for the year ended 31 March 2020 of Wheatley Housing Group Ltd

Our Financial Statements and the accompanying ESG report for the year ended 31 March 2020 are now available online on our website: https://www.wheatley-group.com/investor-relations

-- We completed our strategic partnership with Dumfries & Galloway Housing Partnership, 'DGHP' - Scotland's second largest social landlord with 10,300 properties

-- Turnover increased 7% to GBP357.1m (an increase of GBP23.5m, of which GBP14.5m is attributable to DGHP)

-- EBITDA increased 14% to GBP120.0m (an increase of GBP14.9m, of which GBP6.3m is attributable to DGHP), continuing a 5-year period of growth

-- We continue to deliver efficiencies whilst maintaining customer excellence, with the social housing operating cost per unit reducing from GBP3,828 to GBP3,656 since 2016, with the majority of our RSLs exceeding 90% on customer satisfaction from tenants

   --    The Group retained its A+ Stable Long-Term S&P rating in May 2020 

-- Net Assets increased by GBP294.9m to GBP1,140.8m with GBP240.9m of the growth attributable to DGHP

-- Debt levels measured by Debt Per Unit were sustainable at GBP23,030 (2019: GBP21,520) and gearing at 55% (2019: 56%).

-- The Group maintains a strong liquidity position, with GBP345.6m of available, undrawn facilities and GBP116.4m in cash at year-end

A copy of the above document has also been submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk

For further information, please contact:

Wheatley Group Capital plc

Steven Henderson

Group Director of Finance

Wheatley House

25 Cochrane Street

Glasgow G1 1HL

Telephone : 0141 274 6287

Fax : 0141 274 5764

Email : steven.henderson@wheatley-group.com

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September 24, 2020 12:37 ET (16:37 GMT)

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