Fletcher Building Limited · NZX:FBU
Fletcher Building — Shareholder Meeting (November 2003)
45 slides from Fletcher Building's shareholder meeting presentation, Nov 11, 2003
Slide 1: 2003 Annual Meeting of Shareholders
FletcherBuilding 2003 Annual Meeting of Shareholders 2.00pm Tuesday 11 November 2003 Eden Park Function Centre, Mt Eden Address by: Dr Roderick Deane Chairman Fletcher Building Limited
Slide 2: Chairman's speech notes: welcome and board introductions
FLETCHER BUILDING LIMITED ANNUAL SHAREHOLDERS’ MEETING 2003 SPEECH NOTES FOR DR RODERICK DEANE CHAIRMAN Good afternoon and welcome to the third annual shareholders’ meeting of Fletcher Building Limited. | advise that a quorum is present and the meeting is duly constituted. We will review the year in
Slide 3: Chairman's speech: meeting process and 2003 progress
if not there will be an opportunity for you to put questions and discuss matters of general interest to the company. After this we will move to the formal part of the meeting with the consideration of the four resolutions outlined in the notice of meeting. When we get to question time, it would be p
Slide 4: Tasman Building Products acquisition and equity placement
Further, since balance date, Tasman Building Products, an Australasian building products business, has been acquired - part funded by a further successful equity placement. Directors are aware that some shareholders would like to have participated in this equity raising through a rights offering. Un
Slide 5: Laminex and Tasman acquisitions
Zealand. Fortuitously, this is compensating for lower export margins resulting from the stronger Australian dollar against the US dollar. Tasman Building Products is a smaller but equally appropriate acquisition. It was on our list of preferred acquisition targets, should it become available, even b
Slide 6: Corporate governance
minimising the chances of corporate failures. There is an array of provisions and procedures in place that affect the company, arising from the exchanges on which we are listed and from regulatory regimes in the jurisdictions in which we operate. There is, however, no substitute for directors and ma
Slide 7: 2003 Annual Meeting of Shareholders: Ralph Waters
“ FletcherSuilcing 2003 Annual Meeting of Shareholders 2.00pm Tuesday 11 November 2003 Eden Park Function Centre, Mt Eden Address by: Ralph Waters Chief Executive Officer & Managing Director Fletcher Building Limited
Slide 8: CEO speech notes: Fletcher Building structure
FLETCHER BUILDING LIMITED ANNUAL SHAREHOLDERS’ MEETING 2003 SPEECH NOTES FOR MR RALPH WATERS CHIEF EXECUTIVE OFFICER Thank you Mr Chairman, and good afternoon ladies and gentlemen. Before commenting on divisional performance, let me first remind you of what Fletcher Building now looks like in terms
Slide 9: Divisional turnover and results
Hardware businesses. This is now a $1 billion revenue Australasian business. Restating the 2003 annual turnover of each division after adjusting for these transfers to the Laminates and Panels division and the acquisition of Tasman Building Products and Laminex on a full year basis, the resulting di
Slide 10: Laminex result and synergies
and contributed $44 million operating earnings. Laminex's full year result was above the $95 million before interest, tax, depreciation and amortisation, or EBITDA, which was the basis of the purchase price. There was, you may recall from last year's meeting, an "earn-out" formula whereby Fletcher B
Slide 11: greater reliability of earnings through the cycle than was the case in the past,
greater reliability of earnings through the cycle than was the case in the past, and on availing ourselves of more value adding growth opportunities.
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