Metro Performance Glass Ltd · NZX:MPG
Metro Performance Glass — Shareholder Meeting (August 2015)
20 slides from Metro Performance Glass's shareholder meeting presentation, Aug 26, 2015
Slide 1: Metro Performance Glass Annual Shareholders' Meeting
Metro Performance Glass Annual Shareholders’ Meeting, 26 August 2015 Strictly confidential and not for public release
Slide 2: Disclaimer
Disclaimer This presentation, dated 26 August 2015, provides additional commentary on Metro Performance Glass’s financial results announcement for the eight months ended 31 March 2015. It should be read in conjunction with the documents attached to that announcement, which highlight future outlook,
Slide 3: Today's agenda
Today’s agenda 1 Chairman’s address 2 CEO’s address 3 Ordinary business and resolutions 4 Voting 5 General business Strictly confidential and not for public release 2
Slide 4: Chairman's address
Chairman’s address Strictly confidential and not for public release
Slide 5: Review of key achievements in FY2015
Review of key achievements in FY2015 Metro Performance Glass Limited listed on the NZX and ASX in July 2014 Completion of the Auckland consolidation and automation project – on time and on budget Achieved core financial objectives despite lower than anticipated industry growth o Net profit aft
Slide 6: Financial outlook
Financial outlook Full Year 2016: 12 months to 31 March 2016 o Anticipate that total sales will be in the order of $190m o Net profit after tax for the full year will be in the vicinity of $20m - $22m First Half 2016: 6 months to 30 September 2015 o Sales will be in line with the PFI forecast of $94
Slide 7: Chief Executive Officer's address
Chief Executive Officer’s address Strictly confidential and not for public release
Slide 8: Official opening of Highbrook facility, June 2015
Official opening of Metro Performance Glass’ Highbrook facility, June 2015 Strictly confidential and not for public release
Slide 9: The new Auckland automated processing facility is performing well
The new Auckland automated processing facility is the most advanced in Australasia and is performing well We are very pleased that the Auckland consolidation and automation project was completed on-time and on budget o Project involved exiting 5 sites and opening 1 o 3 sites fully exited, 1 sub-leas
Slide 10: 12 month residential consents
Consents have been lower than anticipated at IPO and have not converted into sales as quickly as in the past New Zealand residential new build consents Alignment of Metro Glass’ revenue and 9 month lagged housing consents 12 month residential consents 35,000 Average: 21.3k consents per annum 30,000
Slide 11: Sales performance and key initiatives
Sales performance and key initiatives Sales performance for the 8 Retrofit sales have started to The Commercial pipeline months ended 31 March 2015 accelerate continues to grow Daily sales growth vs. pcp Retrofit sales vs. last year FY15 forward orders ($m) 15.8 FY14 FY15 11.7 11.1% 13.9% Actual Pro
Slide 12: Completed commercial projects and strong pipeline
Metro Glass has completed a number of exciting commercial projects this year, and has a strong pipeline for the future Birkenhead Library Christchurch Cathedral 151 Cambridge St Awly Building Burwood Hospital Strictly confidential and not for public release 11
Slide 13: FY2015 financial highlights
FY2015 financial highlights $000’s Actual PFI Change Sales for the 8 months to 31 March Net Sales 114,998 117,792 (2.4%) 2015 were $115.0m, up + 11.1% vs. Gross Margin 60,216 62,537 (3.7%) pcp, but slightly lower than the PFI Gross Margin % 52.3% 53.1% (0.8pts) Margins largely met expectations EBIT
Slide 14: Priorities for the FY2016 year
Priorities for the FY2016 year •1 Drive top line growth, through our product and supply chain strategy ensuring customers’ expectations are exceeded, and that Metro Glass is the Company of choice •2 Deliver manufacturing excellence to achieve our desired service and cost leadership position •3 Maxim
Slide 15: Formal business
Formal business Strictly confidential and not for public release
Slide 16: Ordinary business and resolutions: Resolution 1
Ordinary business and resolutions To consider and, if thought fit, pass the following ordinary resolution: o Resolution 1: That PwC be appointed as the Auditor of the Company Votes received in advance of today’s meeting: For Open Against Total votes % of issued capital Votes 128,875,734 67,911 10,48
Slide 17: Ordinary business and resolutions: Resolution 2
Ordinary business and resolutions To consider and, if thought fit, pass the following ordinary resolution: o Resolution 2: That the Board be authorised to fix the fees and expenses of PwC as Auditor for the ensuing year Votes received in advance of today’s meeting: For Open Against Total votes % of
Slide 18: Ordinary business and resolutions: Resolution 3
Ordinary business and resolutions Sir John Goulter KNZM, JP To consider and, if thought fit, pass the Independent, Non-Executive Chairman following ordinary resolution: Member of Audit and Risk Committee Sir John has long-standing experience in o Resolution 3: That Sir John Goulter be both the publi
Slide 19: Ordinary business and resolutions: Resolution 4
Ordinary business and resolutions Mr Michael Alscher To consider and, if thought fit, pass the Non-Executive Director following ordinary resolution: Michael is the Managing Partner and founder of Crescent Capital Partners, a o Resolution 4: That Mr Michael Alscher leading Australian private equity f
Slide 20: Shareholder questions
Shareholder questions Strictly confidential and not for public release
Metro Performance Glass — Shareholder Meeting (August 2015) on 6ix