b'CHP financial statements 2020/2021Metrics overviewRegulatory metrics2020/2021Measure 2019/20202018/20192021/2022 Peer groupSectorActual Actual Actual Target medianmedian 2019/2020 2019/20201. Reinvestment % 6.0% 8.8% 8.7% 7.51% 7.9% 7.2%2a. New supply1.7% 3.7% 3.3% 3.76 3.1% 1.5%(social housing units)2b. New supply delivered0.0% 0.0% 0.0% 0.0% 0.0% 0.0%(non-social housing units)3. Gearing 65.8% 65.5% 63.5% 62.53% 56.6% 44.0%4. EBITDA MRI interest cover 138.8% 113.9% 141.0% 115.37% 166.8% 170.3%5. Headline social housing3,510 3,904 3.312 3,813 3,402 3,835cost per unit6a. Operating margin 27.8% 23.8% 30.2% 27.9% 29.8% 23.1% Reinvestment(social housing lettings)6b. Operating margin (overall) 28.0% 23.1% 28.7% 28.86% 34.3% 25.7% 12.0%10.0%7. Return on Capital Employed 2.9% 2.3% 3.1% 2.79% 3.6% 3.4% 9.79%8.0% 8.80%7.91% 7.51%*Earnings before interest, taxation, depreciation and amortisation, major repairs included (EBITDA-MRI) 7.22%6.0%6.00%4.0%2.0%We will invest to 0.0%ensure our homes areSector median Peer groupCHP CHP CHP CHPwarm, 2019/2020 median2019/20202020/20212020/20212021/2022 2019/2020 actual targetactual targetsafe andThe reinvestment percentage includes spend on newOur performance is projected to rise as we return to full properties held as fixed assets. This is social and affordableoperations post-pandemic. We will continue to investsustainable. rent and shared ownership, as well as capital works toin new homes and deliver against our new Asset existing homes. It excludes investment in properties builtManagement Strategy to ensure our homes are warm,for sale.safe and sustainable.Our actual performance in March 2021 is significantly lower than budget, due to the operational difficulties caused by the COVID-19 pandemic. This was tracked by the Board throughout the year.22 23'