Gwa Group Limited · ASX:GWA
Gwa — Shareholder Meeting (October 2020)
33 slides from Gwa's shareholder meeting presentation, Oct 30, 2020
Slide 1: ASX announcement: AGM Presentation to Shareholders
30 October 2020 ASX On-Line Manager Company Announcements Australian Securities Exchange Dear Sir Annual General Meeting Presentation to Shareholders In accordance with Listing Rule 3.13, we enclose the Chairman’s and Managing Director’s Address to Shareholders at the GWA Group Limited virtual Annua
Slide 2: Superior Solutions for Water - Annual General Meeting
Superior Solutions for Water Annual General Meeting 30 October 2020
Slide 3: Online attendees – question process
Online attendees – question process • When the Question function is available, the Q&A icon will appear at the top of the app. • To send in a question, simply click in the ‘Ask a question’ box, type your question and then press the send arrow • Your question will be sent immediately for review 2
Slide 4: Online attendees – voting process
Online attendees – voting process • When the poll is open, the vote will be accessible by selecting the voting icon at the top of the screen • To vote simply select the direction in which you would like to cast your vote, the selected option will change colour • There is no submit or send button, yo
Slide 5: Resolutions 1 and 2 voting results
Resolution 1 Re-election of Ms Jane McKellar as Director FOR 202,207,978 99.32% OPEN 900,342 0.44% AGAINST 493,113 0.24% ABSTAIN 593,457 Resolution 2 Re-election of Mr Richard Thornton as Director FOR 202,559,393 99.48% OPEN 906,502 0.45% AGAINST 133,025 0.07% ABSTAIN 595,970 4
Slide 6: Resolutions 3, 4 and 5 voting results
Resolution 3 Adoption of Remuneration Report FOR 200,226,576 99.04% OPEN 902,433 0.45% AGAINST 1,013,778 0.51% ABSTAIN 663,275 Resolution 4 Approval of Grant of Performance Rights to Managing Director under the Long Term Incentive Plan FOR 200,118,498 98.75% OPEN 876,847 0.44% AGAINST 1,645,349 0.81
Slide 7: Agenda
Agenda 01 Chairman’s Address 02 CEO Presentation 03 Formal Business 04 Close 6
Slide 8: Chairman’s Address
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Slide 9: FY20 Result - disciplined performance in challenging markets
Chairman’s CEO’s Financial results Resolutions Address Presentation FY20 Result - disciplined performance in challenging markets Operational discipline mitigates significant amount of revenue decline from weaker market and COVID-19 ‒ Merchant destocking in 1H FY20 and COVID-19 restrictions in 2H FY2
Slide 10: Ongoing commitment to sustainability at GWA
Chairman’s CEO’s Financial results Resolutions Address Presentation Ongoing commitment to sustainability at GWA Sustainability remains fundamental to GWA’s business. We have a long-standing history in making life better and contributing to more sustainable communities through our operations and thro
Slide 11: Remuneration
Chairman’s CEO’s Financial results Resolutions Address Presentation Remuneration Board Review of executive remuneration to ensure it remains aligned with remuneration strategy and market practice. Minor changes in FY21: ‒ The Board has considered the setting of performance targets for the FY21 LTIP
Slide 12: CEO’s Presentation
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Slide 13: Workplace Health and Safety
Chairman’s CEO’s Financial results Resolutions Address Presentation Workplace Health and Safety “We care for each other” is one of our cultural pillars Total Injury Frequency Rate – our objective remains to ensure everyone is safe... every day 25 20 Substantial progress made in FY20: 15 ‒ GWA measur
Slide 14: COVID-19 response: strongly positioned to manage through pandemic
Chairman’s CEO’s Financial results Resolutions Address Presentation COVID-19 response: strongly positioned to manage through pandemic Primary focus remains on health and safety of all people at GWA (staff and visitors) ‒ Enhanced safety protection (sanitiser, masks, temperature checks and increased
Slide 15: COVID-19 restrictions impacted Q4 revenue
Chairman’s CEO’s Financial results Resolutions Address Presentation COVID-19 restrictions impacted Q4 revenue Revenue vs pcp Impact of restrictions H1 Q3 Q4 H2 Australia ‒ 1H impacted by significant merchant destocking and weaker market conditions -2.7% -11.0% ‒ Q3 revenue was broadly in line with p
Slide 16: Operational discipline to manage weak markets
Chairman’s CEO’s Financial results Resolutions Address Presentation Operational discipline to manage weak markets Normalised¹ from continuing operations² (pro forma) includes Methven in full year FY19 Pro Forma ‒ Revenue reflects the decline in residential new build and FY19 FY20 renovation construc
Slide 17: Strong cash conversion maintained
Chairman’s CEO’s Financial results Resolutions Address Presentation Strong cash conversion maintained Pro Forma ‒ Continued focus on strong cash management Cash flow from Continuing FY19 FY20 Operations A$M Includ es M et hven f o r f ull year Includ es M et hven f o r f ull year ‒ Cash conversion f
Slide 18: Strong financial position maintained despite COVID-19
Chairman’s CEO’s Financial results Resolutions Address Presentation Strong financial position maintained despite COVID-19 Metrics1 30 June 30 June 30 June 30 June 30 June ‒ GWA remains in a strong financial position to operate 2016 2017 2018 2019 2020 through current challenging environment Net Debt
Slide 19: GWA evolving strategy for growth
Chairman’s CEO’s Financial results Resolutions Address Presentation GWA evolving strategy for growth PURPOSE: We make life better through products, services and technologies that create superior solutions for people to enjoy and sustain water, our planet’s most precious resource. GOAL: We use our fi
Slide 20: Continued focus on superior solutions for water
Chairman’s CEO’s Financial results Resolutions Address Presentation Continued focus on superior solutions for water FY21 A strong resilient business Australia Asia • Extend Australian share • Strengthen GWA foothold in key leadership by shifting growth region investment to “winning” • Develop superi
Slide 21: Building Renovation and Replacement market share in ANZ
Chairman’s CEO’s Financial results Resolutions Address Presentation Building Renovation and Replacement market share in ANZ Consumer engagement ‒ Increased upfront engagement with Caroma website traffic increasing by 23% in 2H FY20 ‒ Combined monthly social media reach of ~800k hits New product laun
Slide 22: Extend ANZ leadership position in Commercial segment
Chairman’s CEO’s Financial results Resolutions Address Presentation Extend ANZ leadership position in Commercial segment ‒ Commercial forward order book remains strong at 16% ahead of the corresponding period last year, through: ‒ Strong traction in Aged Care ‒ Share growth in the declining Multi-re
Slide 23: Traction with Caroma Smart Command
Chairman’s CEO’s Financial results Resolutions Address Presentation Traction with Caroma Smart Command® Progress ‒ Strong customer engagement in multiple commercial segments not only surrounding the system’s water saving technology but also its enhanced hygiene and touchless applications ‒ Caroma Sm
Slide 24: Continued progress on Methven integration opening up overseas growth opportunities
Chairman’s CEO’s Financial results Resolutions Address Presentation Continued progress on Methven integration opening up overseas growth opportunities ‒ Integrated sales structure now implemented and providing improved ranging of 7% Methven products in the Australian merchant channel ‒ Consolidation
Slide 25: FY21 outlook
Chairman’s CEO’s Financial results Resolutions Address Presentation FY21 outlook Key area FY21 commentary ‒ FY21 Group sales (5)% vs Prior Year with Australian sales (8)% partially offset by growth in New Zealand +9% and the United Kingdom +3% FY21 YTD to 28 October 2020 ‒ There is continued momentu
Slide 26: Financial Statements
Chairman’s CEO’s Financial results Resolutions Address Presentation Financial Statements Financial statements for the year ended 30 June 2020 25
Slide 27: Resolution 1 – Re-election of Jane McKellar
Chairman’s CEO’s Financial results Resolutions Address Presentation Resolution 1 – Re-election of Jane McKellar That Ms Jane McKellar, who retires as a director of the Company in accordance with clause 10.3 of the Company’s Constitution, be re-elected as a director of the Company. 26
Slide 28: Resolution 2 – Re-election of Richard Thornton
Chairman’s CEO’s Financial results Resolutions Address Presentation Resolution 2 – Re-election of Richard Thornton That Mr Richard Thornton, who retires as a director of the Company in accordance with clause 10.3 of the Company’s Constitution, be re-elected as a director of the Company. 27
Slide 29: Resolution 3 – Remuneration Report
Chairman’s CEO’s Financial results Resolutions Address Presentation Resolution 3 – Remuneration Report That the Remuneration Report for the year ended 30 June 2020 be adopted. 28
Slide 30: Resolution 4 – Approval of grant of performance rights
Chairman’s CEO’s Financial results Resolutions Address Presentation Resolution 4 – Approval of grant of performance rights That for the purposes of ASX Listing Rule 10.14, and for all other purposes, approval is hereby given for the grant of up to 455,000 Performance Rights (incorporating the right
Slide 31: Resolution 5 – Approval of grant of performance rights
Chairman’s CEO’s Financial results Resolutions Address Presentation Resolution 5 – Approval of grant of performance rights That for the purposes of ASX Listing Rule 10.14, and for all other purposes, approval is hereby given for the grant of up to 55,000 Performance Rights (incorporating the right t
Slide 32: Disclaimer
Disclaimer This Presentation contains projections and other prospective statements that represent GWA's assumptions and views, including expectations and projections about GWA's business, the industry in which it operates and management’s own beliefs and assumptions. Such matters require subjective
Slide 33: Superior Solutions for Water - Annual General Meeting
Superior Solutions for Water Annual General Meeting 30 October 2020