Fletcher Building Limited · NZX:FBU
Fletcher Building — Investor Day (May 2013)
15 slides from Fletcher Building's investor day presentation, May 22, 2013
Slide 1: Infrastructure Products Investor Strategy Presentation
Investor Strategy Day – Infrastructure Products | Fletcher Building | © May 2013 For personal use only | Page 1 Infrastructure Products Investor Strategy Presentation Mark Malpass Chief Executive Infrastructure Products
Slide 2: Disclaimer
Investor Strategy Day - Infrastructure Products | Fletcher Building | © May 2013 | Page 2 Disclaimer 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. B
Slide 3: Infrastructure Products Summary Financials
Investor Strategy Day - Infrastructure Products | Fletcher Building | © May 2013 | Page 3 Infrastructure Products For personal use only Summary Financials (NZ$M) June 11 June 12 Dec 12 NZ$m 12 mths 12 mths %∆ 6 mths 2740 Revenue source Sales (external) 1,530 2,299 50.3 1,052 EBITDA 241 302 25.3 148
Slide 4: Introducing the Division
Investor Strategy Day - Infrastructure Products | Fletcher Building | © May 2013 | Page 4 Introducing the Division For personal use only Infrastructure Products Division • Manufacturer, distributor and marketer of heavy construction materials • Focuses on strengthening and extending core positions i
Slide 5: Divisional Overview
Investor Strategy Day - Infrastructure Products | Fletcher Building | © May 2013 | Page 5 Divisional Overview For personal use only Infrastructure Products Rocla & Rocla Quarry & Firth Golden Bay Humes Iplex Crane EasySteel / SIMS / Pacific Winstone Concrete Cement Pipeline Piplelines Copper Tube Re
Slide 6: Divisional Value Chains
Investor Strategy Day - Infrastructure Products | Fletcher Building | © May 2013 | Page 6 Divisional Value Chains For personal use only Concrete Steel Pipelines External External External Golden Bay Firth Easy Iplex Pacific SIMS Steel / Steel Rocla Winstones Humes REO Internal Internal Internal (Con
Slide 7: Concrete NZ Value Chain
Investor Strategy Day - Infrastructure Products | Fletcher Building | © May 2013 | Page 7 Concrete NZ Value Chain For personal use only Construction Manufactured Building Product End Users Materials Materials Distribution Winstone Aggregates Humes External: e.g. Fulton Golden Bay Hogan, Downer Cemen
Slide 8: Concrete NZ Value Chain Overview
Investor Strategy Day - Infrastructure Products | Fletcher Building | © May 2013 | Page 8 Concrete NZ Value Chain Overview For personal use only Price Business unit Key facts Volumes (NZD Real 2012) GBC – New Zealand’s • Capacity 920,000 tonnes largest cement manufacturer (North Island 70% of locate
Slide 9: Steel NZ Value Chain
Investor Strategy Day - Infrastructure Products | Fletcher Building | © May 2013 | Page 9 Steel NZ Value Chain For personal use only Construction Manufactured Building Product End Users Materials Materials Distribution Sims Exports: e.g. Mesh Pacific Pacific & Bar, VicMesh Steel Metals JC Easysteel
Slide 10: Steel NZ Value Chain Overview
Investor Strategy Day - Infrastructure Products | Fletcher Building | © May 2013 | Page 10 Steel NZ Value Chain Overview For personal use only Business unit Key facts Volumes Price (NZD Real 2012) Pacsteel – NZ’s only steel • Only producer of SEISMIC reinforcing manufacturer reinforcing bars, coil a
Slide 11: Pipelines AU & NZ Value Chains
Investor Strategy Day - Infrastructure Products | Fletcher Building | © May 2013 | Page 11 Pipelines AU & NZ Value Chains For personal use only Manufactured Building Product End Uses Materials Distribution Rocla Pipes Mining & Resources Tradelink Stormwater Humes Rural & Irrigation Iplex Sewer Mico
Slide 12: Pipelines AU & NZ Value Chains Overview
Investor Strategy Day - Infrastructure Products | Fletcher Building | © May 2013 | Page 12 Pipelines AU & NZ Value Chains Overview For personal use only Business unit Key facts Volume Price (NZD Real 2012) Concrete Pipes and • Leading manufacturer and Products – four supplier of engineered infrastru
Slide 13: Infrastructure Products - Capturing Value
Investor Strategy Day - Infrastructure Products | Fletcher Building | © May 2013 | Page 13 Infrastructure Products - Capturing Value For personal use only Group Divisional Levers Levers • Leveraging scale to drive utilisation and efficiencies • Innovation and enhanced leading value propositions Valu
Slide 14: Infrastructure Products – Building Capability
Investor Strategy Day - Infrastructure Products | Fletcher Building | © May 2013 | Page 14 Infrastructure Products – Building Capability For personal use only Reorganized Division into logical BU’s yielding $4m EBIT and highlighted several important themes e.g. GM roles >$200m, multi geography roles
Slide 15: Infrastructure Products – Key Priorities
Investor Strategy Day - Infrastructure Products | Fletcher Building | © May 2013 | Page 15 Infrastructure Products – Key Priorities For personal use only • Capture market growth • Disciplined cost management • Closer customer relationships • Capital spend below depreciation