Slide 1: 2011 Half Year Results
For personal use only 2011 Half Year Results Teleconference details Dial-in 1800 428 662 Conference ID 41719640 2.00pm AEST / 11.00am AWST 24 February 2011 Steve Price Brad Denison CEO CFO
Slide 2: Summary
Summary For personal use only • Strong demand in key markets Performance • BRB Modular acquired 10/8, integration progressing well • Business improvement initiatives underway across the group • Revenue, EBIT & EPS all significantly up Financial • Debt increased to acquire BRB Modular • Interim divid
Slide 3: Group Structure
Group Structure For personal use only Corporate Divisions Operating Companies Recreational Vehicles Manufactured Accommodation 3
Slide 4: Performance: Recreational Vehicles
Performance: Recreational Vehicles For personal use only Revenue ($m) Caravans • Strong industry demand 98.8 93.7 91.9 85.4 • 39% production increase on 1H10 74.0 80.7 68.2 • Strong order books • New products and branding • New production technologies 1H08 2H08 1H09 2H09 1H10 2H10 1H11 Vehicle Canop
Slide 5: Performance: Manufactured Accommodation
Performance: Manufactured Accommodation For personal use only Revenue ($m) • Strong resource sector demand 134.3 • High occupancy at Searipple 110.7 90.0 90.1 • Woodside Agreement extended to 30/6/11 80.4 • Transportables sales higher, park homes flat 60.8 55.9 1H08 2H08 1H09 2H09 1H10 2H10 1H11 • P
Slide 6: Results
Results For personal use only Dec 10 Dec 09 Change Revenue $m 226.6 130.1 + 74.2% - excl. BRB Modular $m 179.0 130.1 + 37.6% EBITDA $m 42.8 29.8 + 43.6% - excl. BRB Modular $m 37.4 29.8 + 25.5% EBIT $m 35.9 23.5 + 52.8% - excl. BRB Modular $m 31.3 23.5 + 33.2% OPAT $m 24.4 16.8 + 45.2% EPS cents 43.
Slide 7: Results
Results For personal use only Revenue ($m) NPAT ($m) 226.6 196.7 24.4 184.4 21.9 160.1 158.6 161.2 18.3 18.4 17.2 16.8 130.1 16.0 1H08 2H08 1H09 2H09 1H10 2H10 1H11 1H08 2H08 1H09 2H09 1H10 2H10 1H11 Dividend Debt ($m) 68c 29.0 28.6 * 65c 66c 24.0 Final 35c 36c 38c 17.0 9.0 Interim 30c 30c 30c 32c 0
Slide 8: Outlook: Recreational Vehicles
Outlook: Recreational Vehicles For personal use only Market Key Outlook Position Strategies Retirees re-emerging • Image and new products Strong A$ • Grow channels to market Premium product, national reach Labour market tightening • Automate and simplify manufacturing • Asia supply Industry leaders
Slide 9: Outlook: Manufactured Accommodation
Outlook: Manufactured Accommodation For personal use only Market Key Position Outlook Strategies Resource project activity Core products • Resources, public sector, Leader in WA park homes End of BER Horizontal Expansion • Resource camps in QLD New applications for • Classrooms in WA Leader on East
Slide 10: Company contact details
Company contact details For personal use only Thank you for your interest in Fleetwood Corporation. Further investor enquiries should be directed to: Brad Denison, CFO bradd@fleetwoodcorp.com.au 08 9323 3300 10