Slide 1: Building Products Analyst's Presentation
BUILDING PRODUCTS ANALYST’S For personal use only PRESENTATION 31 May 2012 Tim Richards Chief Executive of Building Products Victoria Park Tunnel, Auckland
Slide 2: Cautionary Statement
Building Products Analyst’s Presentation | Fletcher Building | © May 2012 | Page 2 Cautionary Statement For personal use only This presentation contains not only a review of operations, but also some forward looking statements about Fletcher Building and the environment in which the company operates
Slide 3: Building Products Division
Building Products Analyst’s Presentation | Fletcher Building | © May 2012 | Page 3 Building Products Division For personal use only The Building Products Division currently comprises: Plasterboard Group Insulation Group Roof Tiles Group Fletcher Aluminium Tasman Sinkware Building Products Division P
Slide 4: Building Products Division Financial Results
Building Products Analyst’s Presentation | Fletcher Building | © May 2012 | Page 4 Building Products Division Financial Results For personal use only NZ$m 1HY12 1HY11 % Net Sales 355 371 -4 EBITDA (excl unusuals) 56 69 -19 EBIT (excl unusuals) 43 56 -23 Funds Employed 578 674 -14 EBITDA/sales % 15.8
Slide 5: Volumes down across all businesses with some price improvement
Building Products Analyst’s Presentation | Fletcher Building | © May 2012 | Page 5 Volumes down across all businesses with some price improvement For personal use only Gross Sales NZ$m Dec 11 Dec 10 % Volume Price EBITDA New Zealand Plasterboard 71 77 -8 - a Insulation 93 91 +2 b Roof Tile
Slide 6: Plasterboard Group
Building Products Analyst’s Presentation | Fletcher Building | © May 2012 | Page 6 Plasterboard Group For personal use only Winstone Wallboards No. 1 in New Zealand Sole New Zealand plasterboard manufacturer Leading market share Significant proportion of sales from value added performance board
Slide 7: Key Facts
Building Products Analyst’s Presentation | Fletcher Building | © May 2012 | Page 7 Key Facts For personal use only Plasterboard Products • Plasterboard • Compounds/Accessories • Systems • Rondo residential products Comments • Two manufacturing plants (Auckland and Christchurch) • Distributes through
Slide 8: Insulation Group
Building Products Analyst’s Presentation | Fletcher Building | © May 2012 | Page 8 Insulation Group For personal use only Australia New Zealand • Fletcher Insulation • Tasman Insulation • Baron Insulation – New Zealand’s sole manufacturer – Commercial & Industrial • Forman Group – NZ’s No. 1 distrib
Slide 9: Insulation Group: Strategic review of Australian insulation business
Building Products Analyst’s Presentation | Fletcher Building | © May 2012 | Page 9 Insulation Group For personal use only Strategic review of Australian insulation business being undertaken Australian market suffering from excess inventory, increased competition, reduced demand, as a result of sudde
Slide 10: Roof Tile Group
Building Products Analyst’s Presentation | Fletcher Building | © May 2012 | Page 10 Roof Tile Group For personal use only World’s largest manufacturer of stone chip coated metal roof tiles Global manufacturing presence in New Zealand, the U.S.A., Malaysia & Hungary Core market positions in New Zeala
Slide 11: Roof Tile Group Growth Strategy
Building Products Analyst’s Presentation | Fletcher Building | © May 2012 | Page 11 Roof Tile Group For personal use only Growth Strategy: Drive growth by a disciplined focus on selected global core markets Define & implement optimal market models to allow more “in country” management of outcomes an
Slide 12: Key Facts
Building Products Analyst’s Presentation | Fletcher Building | © May 2012 | Page 12 Key Facts For personal use only Europe Hungary North America CEA Japan Los Angeles SEA Africa Malaysia Latin America Sales Volumes by Geography Other New Zealand 8% 10% Manufacturing Auckland USA Australasia 22% RTG
Slide 13: Complementary businesses
Building Products Analyst’s Presentation | Fletcher Building | © May 2012 | Page 13 Complementary businesses For personal use only Fletcher Aluminium No. 2 in New Zealand’s market Innovative product range Scale fabrication investment in Christchurch Tasman Sinkware No. 1 in Australian market Austral
Slide 14: Key residential products and brands
Building Products Analyst’s Presentation | Fletcher Building | © May 2012 | Page 14 Key residential products and brands For personal use only
Slide 15: Key commercial products and brands
Building Products Analyst’s Presentation | Fletcher Building | © May 2012 | Page 15 Key commercial products and brands For personal use only