Full Year 2021 Persimmon PLC Earnings Call (Q&A Session) Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Aynsley Lammin - Investec Bank plc, Research Division - Analyst : 2 questions from me actually. It sounds as though you're very confident around kind of maintaining margins. Just wondered if you could give us your view of cost inflation is likely to run at this year and maybe some -- a bit more color on the labor and the build materials element of that. And then secondly, the 2% increase at the start to the year in private reservations, is that kind of reflective of the wider strength of the wider market? Are there any funnels in there? What have you been doing for priced then? And has that impacted kind of where sales rates have gone up to in the early part of the year? So just, again, a bit more color around the kind of start to the year.

Question: Rajesh Patki - JPMorgan Chase & Co, Research Division - Analyst : I've got 2 questions, please. Firstly, just adding on to the previous question. So if you can remind us of what proportion of your brick, tile and timber requirements are sourced in-house, and the quantum of investment you are undertaking to increase brick and tile capacities and how you see the payback on this. And the second question is related to trading remediation. One of your competitors noted this morning that they expect 35 million to 50 million additional costs in the event the HBF's proposed recommendations are implemented. Could you provide your thoughts on the proposed recommendations and what kind of additional costs do you expect?