Gwa Group Limited · ASX:GWA
Gwa — Shareholder Meeting (October 2023)
21 slides from Gwa's shareholder meeting presentation, Oct 30, 2023
Slide 1: 2023 Annual General Meeting
30 October 2023 ASX Market Announcements 2023 Annual General Meeting In accordance with ASX Listing Rule 3.13.3, GWA Group Limited (GWA) attaches the Chairman’s and Managing Director’s address to be delivered at GWA’s 2023 Annual General Meeting at 10.30 am today in Brisbane. The release of this ann
Slide 2: GWA AGM
GWA AGM 30 OCTOBER 2023 | METHVEN
Slide 3: Financial Statements
FINANCIAL 1 STATEMENTS
Slide 4: Chairman's Address
CHAIRMAN’S es ADDRESS _
Slide 5: FY23 Review and Summary of FY23 Result
Financial Chairman MD & CEO Formal Statements Address Address Business FY23 Review o Year of two halves o H1 strong until end CY22 o Responded quickly to a changing market dynamic o Resulting in improved EBIT and EBIT margin in H2 Summary of o Improved cash flow from operations and free cash flow wi
Slide 6: ESG Strategy
Financial Chairman MD & CEO Formal Statements Address Address Business ESG Strategy • Detailed ESG roadmap developed by internal ESG Steering Committee • Enhanced ESG reporting and disclosures – ESG Report 2023 • Commenced alignment with best-practice frameworks with Board and Executive oversight •
Slide 7: Remuneration
Financial Chairman MD & CEO Formal Statements Address Address Business Remuneration • With the exception of one role FY23 executive fixed remuneration remained unchanged • FY23 STI plan maintained Earnings Before Interest and Tax (EBIT) as the single financial target as it is an effective basis for
Slide 8: Board Renewal
Financial Chairman MD & CEO Formal Statements Address Address Business Board Renewal • Continued process of Board renewal and appointments with assistance from external advisers, Hattonneale • Retirements from the Board: o Stephen Goddard retired 30 June 2023 o Jane McKellar retires at AGM today • B
Slide 9: MD & CEO Address
MD & CEO 3 ADDRESS
Slide 10: Continued commitment to safety
Financial Chairman MD & CEO Formal Statements Address Address Business Continued commitment to safety • Focus on leading indicators - (worker insights) more than doubled in FY23 • ISO45001 re-certified • TIFR – 2 minor injuries in NZ in H1 9
Slide 11: Rapid response to softening market conditions limit the impact on Group results
Financial Chairman MD & CEO Formal Statements Address Address Business A$m Normalised1 FY23 FY22 % Change Rapid response to softening market conditions limit Revenue 411.8 418.7 -1.6% the impact on Group results EBITDA 89.1 94.6 -5.9% EBIT 70.4 74.8 -6.0% o Revenue - Economic slow down and particula
Slide 12: Promising improvement in Q4 across AUS & UK
Financial Chairman MD & CEO Formal Statements Address Address Business Promising improvement in Q4 across AUS & UK FY23 Revenue Revenue commentary $ Revenue & % of Group AUD 1H FY23 2H FY23 Australia AUD $m $m 167.4 169.0 • Fast start impacted by economic conditions late Q2, R&R most impacted $336.4
Slide 13: Cost control and price offset negative volumes and domestic customer freight
Financial Chairman MD & CEO Formal Statements Address Address Business Cost control and price offset negative volumes and domestic customer freight • Volume: largely reflects de-stocking by a customer in H1. Normalised¹ EBIT Bridge (A$M) • Price/Mix: Two price increases and mix shift to sanitaryware
Slide 14: FY23 final dividend of 7.0c per share fully franked
Financial Chairman MD & CEO Formal Statements Address Address Business FY23 final dividend of 7.0c per share fully franked 13
Slide 15: Excellent progress made on Strategy
Financial Chairman MD & CEO Formal Statements Address Address Business Excellent progress made on Strategy Key Performance Measures Progress • Win the Plumber Win the Plumber o 20,000+ plumbers signed up and categorised; 25,000 plumbers engaged o 6,700 plumbers engaged in technical services; and Tec
Slide 16: Delivering NPD launches that are helping to complete our portfolio
Financial Chairman MD & CEO Formal Statements Address Address Business Delivering NPD launches that are helping to complete our portfolio. o Launch of stylish entry level tapware, showers and accessories collection - to grow share in builders and affordable housing market. o Continued expansion of o
Slide 17: FY24 Outlook
Financial Chairman MD & CEO Formal Statements Address Address Business FY24 OUTLOOK No change to economic outlook since FY23 results commentary Key focus FY24 commentary • 1Q FY24 Group Revenue down 2.0% compared to very strong pcp (1Q23 +8% vs 1Q22) Trading update 1QFY24 o Australia: solid performa
Slide 18: Formal Business
FORMAL 4 BUSINESS
Slide 19: Resolutions to be conducted via Poll
Resolutions to be conducted via Poll Financial Statements Chairman Address MD & CEO Address Formal Business Resolutions 1-3: • Election of Directors: o Ms Bernadette Inglis o Ms Patria Mann; and o Mr Stephen Roche Resolution 4: • Adoption of the Remuneration Report for the year ended 30 June 2023 Re
Slide 20: Disclaimer
DISCLAIMER o 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 subjectiv
Slide 21: GWA AGM Presentation
GWA AGM PRESENTATION 30 OCTOBER 2023