Fleetwood Limited · ASX:FWD
Fleetwood — Shareholder Meeting (November 2019)
17 slides from Fleetwood's shareholder meeting presentation, Nov 28, 2019
Slide 1: 2019 Annual General Meeting
For personal use only BUILDING SOLUTIONS 2019 Annual General Meeting NOVEMBER 2019 VILLAGE SOLUTIONS Fleetwood Australia 2019 AGM 1 RV SOLUTIONS
Slide 2: Operating Segments
Operating Segments For personal use only Fleetwood Australia 2019 AGM 2
Slide 3: Management Team
Management Team For personal use only Andrew Elizabeth Jarrod Dominic Manny Wackett Maynard Waring Letts Larre CHIEF FINANCIAL OFFICER & GENERAL COUNSEL & CHIEF OPERATING OFFICER CHIEF OPERATING OFFICER CHIEF OPERATING OFFICER COMPANY SECRETARY COMPANY SECRETARY BUILDING SOLUTIONS VILLAGE SOLUTIONS
Slide 4: Fleetwood Corporation from then till now
Fleetwood Corporation from then till now For personal use only Fleetwood Australia 2019 AGM 4
Slide 5: Highlights FY19
Highlights FY19 For personal use only Financial Results + Revenue from continuing operations up 18% to $315m + EBITA from continuing operations up 34% to $25.3m + Net Cash at 30 June of over $33m Structural + Two acquisitions completed, funded by $60m capital raise + $12m realised from sale of carav
Slide 6: Segment Performance
Segment Performance For personal use only Building Village RV Solutions Solutions Solutions EBITA EBITA EBITA 15 12 6 12 10 11.5 5 5.7 12.6 8 4 9 9.1 10.1 6 3 3.6 6 4 2 3 2 1 0 0 0 FY18 FY19 FY18 FY19 FY18 FY19 + MBS performed strongly in + Searipple benefited from + NRV 11 month contribution in its
Slide 7: Forward Strategy
Forward Strategy For personal use only Fleetwood has successfully Developing a larger underlying base Diversifying sources of revenue commenced adapting traditional from Village Solutions will improve in the RV Solutions business areas of the construction industry overall quality of earnings in the
Slide 8: Building Solutions Market Exposure
Building Solutions Market Exposure For personal use only Over the last eight years, EXPOSURE EXPOSURE Fleetwood has grown in this INDIGENOUS HOUSING No exposure FY20 SCHOOL SPEND UP TO 5ha in segment (both organically and by $1.2bn OVER 10 YRS Crestmead, presently $1.1bn acquisition) to become the l
Slide 9: Building Solutions Competitive Advantage
Building Solutions Competitive Advantage For personal use only In-house Architectural Design + Allows deep engagement with clients at concept, budget or FEED stage + Provide services to assist scoping or setting out projects + Ultimate request for tender can include Fleetwood design elements Advance
Slide 10: Building Solutions Mass Customisation Example
Building Solutions Mass Customisation Example For personal use only + The two projects below are based on the same “kit of parts”, just configured differently. Results in significant manufacturing efficiencies and speed to market Two storey open plan layout Three storey configuration FAIRFIELD PRIMA
Slide 11: Village Solutions Overview of Karratha/Dampier Market
Village Solutions Overview of Karratha/Dampier Market For personal use only 7000 6000 6500 5000 + Construction (potential) 4000 3000 3000 2000 2500 + Shutdown + Shutdown 1000 1500 Operational Operational 0 Operational + Shutdown + Construction (potential) Demand Supply Fleetwood Australia 2019 AGM S
Slide 12: Village Solutions Expansion Strategy
Village Solutions Expansion Strategy For personal use only + Expanding our footprint in this segment will improve Fleetwood’s overall quality of earnings + Fleetwood’s modular business provides the ability to develop new villages at a cost lower than potential competitors Fleetwood Australia 2019 AG
Slide 13: RV Solutions Competitive Advantage
RV Solutions Competitive Advantage For personal use only + The RV market is undergoing structural change and is facing the + Our strategy in response to these trends is: threat of increasing imports + To embed further into the OEM caravan manufacturing + As industry concentration increases, this is
Slide 14: Outlook
Outlook For personal use only + The Australian modular building + Benefited from unusually high activity + OEM market to remain tough in industry is still in its infancy. levels in FY19 which are unlikely to FY20. Targeting growth from the Fleetwood intends to be at repeat in FY20 aftermarket, new p
Slide 15: From the ashes
From the ashes For personal use only Fleetwood Australia 2019 AGM 15
Slide 16: Important Notices and Disclaimer
Important Notices and Disclaimer For personal use only The information contained in this presentation is provided by Fleetwood Corporation Limited ACN. 009 205 261 (Fleetwood) for informational purposes only and does not constitute an offer, invitation or recommendation to subscribe for or purchase
Slide 17: Thank you
Thank you For personal use only Investor Relations T 08 9323 3300 E info@fleetwood.com.au Fleetwood Australia 2019 AGM 17