Boral — Shareholder Meeting (November 2022)
20 slides from Boral's shareholder meeting presentation, Nov 3, 2022
Slide 1: 2022 Annual General Meeting
2022 Annual General Meeting 3 NOVEMBER 2022
Slide 2: Acknowledgement of Country
Acknowledgement of Country We acknowledge the Traditional Owners of the lands across Australia. We recognise and respect Aboriginal and Torres Strait Islander peoples and their unique position in Australian culture and history, and pay our respects to their Elders past, present and emerging 2
Slide 3: Board of Directors
Board of Directors Ryan Stokes AO Vik Bansal Rob Sindel Paul Rayner Non-executive Chairman CEO & Managing Director Lead Independent Director Independent non-executive Director Karen Moses Richard Richards Mark Johnson Jacqueline Chow Independent Non-executive Director Independent Independent non-exe
Slide 4: Executive Committee in Attendance
Executive Committee in Attendance Vik Bansal Jared Gashel* Amy Jackson CEO & Managing Director Acting Chief Financial General Counsel and Officer Company Secretary Lloyd Wallace Rajeev Ramankutty EGM, Concrete & Quarries EGM, Cement & Lime * Belinda Shaw appointed Chief Financial Officer, effective
Slide 5: Chairman's Address
Chairman’s Address 5
Slide 6: Reshaping our future
Reshaping our future Realigned portfolio to be a focused Australian construction materials company Building a more profitable, competitive and customer-focused business Privileged asset position and committed to realising its full potential 6
Slide 7: Financial results
Financial results Continuing operations Revenue $2,956m EBIT1 $107m excluding Property Group NPAT1 $150m Statutory profit $961m 1. Excluding significant items 7
Slide 8: Disciplined capital management
Disciplined capital management Strong balance sheet Gross debt aligned with operational footprint $3 billion returned to shareholders $2.65 per share capital return 7 cents per share unfranked dividend 8
Slide 9: Committed to Zero Harm
Committed to Zero Harm Recordable injury Actual serious harm incident Potential serious harm incident frequency rate (RIFR)1 frequency rate (ASHIFR)2 frequency rate (PSHIFR)2 MTIFR LTIFR 11.5 11.8 9.8 8.2 8.5 7.4 0.4 11.5 0.3 5.3 5.2 3.0 3.6 0.1 2.4 FY20 FY21 FY22 FY20 FY21 FY22 FY20 FY21 FY22 1. RI
Slide 10: Strategy and FY23 priorities
Strategy and FY23 priorities FY22 Excellent progress in strategy execution Challenges have sharpened our focus Looking ahead Still significant work to do to build a more resilient core business Reshaping business to focus on decarbonisation and recycled materials 10
Slide 11: New leadership and Board renewal
New leadership and Board renewal Vik Bansal Mark Johnson Jacqueline Chow CEO & Managing Director Independent non-executive Director Independent non-executive Director 11
Slide 12: CEO's Address
CEO’s Address 12
Slide 13: Taking Boral from Good to Great
Taking Boral from Good to Great Iconic Australian company Rich legacy, deep culture, dedicated workforce, prized infrastructure and extensive footprint Will benefit from clarity of purpose, consistency of key focus areas and discipline in day-to-day operating activities 13
Slide 14: People − Safety & Culture
People − Safety & Culture ▪ S f t is Bo ’s #1 p io it ▪ Zero Harm Council provides oversight ▪ Launched Life Saving Commitments ▪ Continuing to roll-out injury prevention and management initiatives ▪ Operational and front-line d s’ g g m t d accountability for safety is critical 14
Slide 15: New operating model
New operating model: Based on a “decentralisation but standardisation” philosophy 15
Slide 16: Environment & Sustainability
Environment & Sustainability Boral’s FY25 & FY30 Decarbonisation Boral Circular Materials Management targets progress solutions from a FY19 base year Growing our contribution to the circular economy 18% Chlorine bypass Renewable energy reduction in absolute Scope 1 and 2 emissions Commenced construc
Slide 17: Markets & Customers
Markets & Customers ▪ Diverse market segments ▪ Opportunity to simplify and standardise our processes ▪ Digitisation will assist in improved service outcomes ▪ Pricing to better reflect the value of our products and services 17
Slide 18: Assets
Assets ▪ Leading integrated network ▪ Commitment to strengthen and optimise ▪ Geelong Cement facility second mill operational from December 2022 ▪ Areas of focus: location of concrete batching plants; life spans of quarries; use of recycled products 18
Slide 19: Finance
Finance Our trading results for the first quarter of FY23 were in line with our internal expectations. Boral remains committed to price realisation and all elements of performance improvement. 19
Slide 20: Contact Details
Contact Details Name Surname Phone number Email www.boral.com