Slide 1: 2011 Full Year Results Teleconference
For personal use only 2011 Full Year Results Teleconference 23 August 2011 Steve Price, CEO 2.15pm AEST / 12.15pm AWST Brad Denison, CFO Dial-in 1800 123 296, Conference ID 82855474
Slide 2: Agenda
Agenda Summary For personal use only Group Structure Operational Performance ‒ Recreational Vehicles ‒ Manufactured Accommodation Financial Performance Outlook ‒ Recreational Vehicles ‒ Manufactured Accommodation Questions 2
Slide 3: Summary
Summary Significant increase in revenues driving improved financial performance For personal use only • Strengthening resource sector demand, high occupancy at Searipple Highlights • BRB Modular acquired August 2010, results in line with expectations • Strong demand for caravans post GFC • Revenue,
Slide 4: Group Structure
Group Structure A complimentary portfolio of businesses For personal use only Manufactured Accommodation Recreational Vehicles Division Division 4
Slide 5: Operational Performance: Recreational Vehicles
Operational Performance: Recreational Vehicles Strong demand post GFC For personal use only • Caravan production up 19.8% Camec store-in-store • 31 new ‘store in stores’ rolled out • Investment in: ‒ new products ‒ new processes Flexisport canopy ‒ Asian supply • Rationalised branch and dealer netwo
Slide 6: Operational Performance: Manufactured Accommodation
Operational Performance: Manufactured Accommodation Strong resource sector demand, acquired BRB Modular For personal use only • Resource sector – strong growth • Completed Karratha village with Thai units • Park & transportable homes – steady Village in Karratha • Searipple ‒ High occupancy ‒ Woodsi
Slide 7: Financial Performance
Financial Performance Improved performance driven by an acquisition & by existing businesses 2011 2010 Change For personal use only Revenue $m 466.6 291.3 60.2% - excl. BRB Modular $m 347.8 291.3 19.4% EBITDA $m 89.5 67.8 32.0% - excl. BRB Modular $m 76.6 67.8 13.0% EBIT $m 75.4 55.0 37.1% - excl. B
Slide 8: Financial Performance: Strong balance sheet, high yield, long term growth
Financial Performance Strong balance sheet, high yield, long term growth For personal use only Revenue ($m) NPAT ($m) 240.0 26.9 184.4 158.6 152.1 21.9 161.3 18.3 17.2 Second Half 13.8 196.7 226.6 First Half 24.4 158.5 160.1 130.1 12.8 18.4 16.8 12.8 2007 2008 2009 2010 2011 2007 2008 2009 2010 2011
Slide 9: Financial Performance: Segment revenue and EBIT
Financial Performance Improved performance driven by an acquisition & by existing businesses For personal use only RV Revenue ($m) MA Revenue ($m) 292.2 186.3 192.5 200.8 168.8 173.8 153.6 154.7 150.8 127.6 136.3 84.3 2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011 Margin % RV EBIT $M Ma
Slide 10: Outlook: Recreational Vehicles
Outlook: Recreational Vehicles Moderate medium term growth For personal use only Market Key Outlook Position Strategies Order book underpins Grow branch & dealer networks increasing caravan production Innovate products Strong A$ Streamline operations Tightening labour market Increase internal collab
Slide 11: Outlook: Manufactured Accommodation
Outlook: Manufactured Accommodation Strong resource sector growth For personal use only Market Key Outlook Position Strategies Larger resource projects Develop solutions for customers Wind down of BER program Focus on WA & Qld resource sector Balanced with Many new applications for manufactured - pa
Slide 12: 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 info@fleetwood.com.au 08 9323 3300 12