Slide 1: Full Year Results FY22
Full Year Results FY22 AUGUST 2022
Slide 2: Operating Segments
Operating Segments COMMUNITY SOLUTIONS WA SA VIC NSW QLD Fleetwod Australia Full Year Results FY22 Page 2 2
Slide 3: Our Vision Our Values
Our Vision Our Values Vision Our Values To be the leader in reimagining sustainable spaces. Zero harm Growth through Collaboration Purpose innovation To create innovative spaces so people can thrive. Integrity Accountability Fleetwod Australia Full Year Results FY22 Page 3
Slide 4: Overview FY22
Overview FY22 + Underlying EBITA loss of $12.3m (vs $26.3m profit in FY21). + Building Solutions impacted by cost increases on major projects, material and labour shortages and COVID-19 lockdowns. EBITA loss of $24.3m. + Community Solutions EBITA of $8.3m ahead of major project demand. + RV Solution
Slide 5: Building Solutions Major Project Overview
Building Solutions Major Project Overview + Approximately 80% of the $24.3m loss in Building Solutions was as a result of major project underperformance. + The Rio Tinto Ti Tree Rail Camp Upgrade mining project in Western Australia accounted for the vast majority of these losses. + Fleetwood will co
Slide 6: Earnings Summary
Earnings Summary + RV Solutions delivered record results in FY22 offset $ MILLION FY22 FY21 by a quieter year from Community Solutions and a loss for Building Solutions. Revenue 446.1 360.1 EBITDA 4.3 42.5 + The Building Solutions loss reflects the impact of major project cost overruns, Depreciation
Slide 7: Cashflow Summary
Cashflow Summary + Prudent management of cash delivered solid $ MILLION FY22 FY21 cashflow despite operational challenges. EBITDA 4.3 42.5 + Tax payments have recommenced. Cash outflows from discontinued businesses 0.0 (0.3) Interest paid (net) (1.4) (1.1) + Working capital contained despite revenue
Slide 8: Balance Sheet Summary
Balance Sheet Summary + Strong cash position retained. $ MILLION FY22 FY21 + Total debt and bonding facilities of $85 Net working capital 8.7 35.1 million drawn to $27 million for performance Property Plant and Equipment 36.9 39.8 bonds. Intangibles 46.8 81.6 + Significant items. Intangibles $33.6m,
Slide 9: Building Solutions Performance
Building Solutions Performance + FY22 recorded an EBITA loss of $24.3m on $ MILLION FY22 FY21 revenue of $333.1m. Revenue 333.1 249.1 + Revenue growth driven by the approximately EBITA (24.3) 9.6 $75m of work performed on the Centre for National Resilience programs. + Earnings impacted by the underp
Slide 10: Building Solutions Strategy and Outlook
Building Solutions Strategy and Outlook Strategy + Build, Transform, Grow roadmap to drive improved quality and consistency of earnings. + Improve capability, systems, processes and brand awareness to underpin long term, sustainable growth. + Revenue diversification and moving from being a builder t
Slide 11: Community Solutions Performance
Community Solutions Performance + Finished FY22 with EBITA of $8.3 million on revenue of $31.7 million. + Return to normal occupancy patterns in FY22 after COVID-19 related rosters in H1 FY21 boosted revenue and earnings. + FY22 also saw the full impact of increased room supply in the Karratha marke
Slide 12: Community Solutions Strategy and Outlook
Community Solutions Strategy and Outlook Strategy + Base utilisation secured with potential for large demand uplift as planned projects gain momentum. + Glyde technology platform can position Fleetwood as a digital and ESG market leader and extend and enrich our relationships with customers. Outlook
Slide 13: RV Solutions Performance
RV Solutions Performance + Strong FY22 performance produced EBIT of $ MILLION FY22 FY21 $9.8 million on revenue of $81.2 million. Revenue 81.2 72.4 + Driven by strength in both the OEM and EBITA 9.8 7.8 aftermarket segments and excellent trading conditions created by buoyant domestic tourism. + Stro
Slide 14: RV Solutions Strategy and Outlook
RV Solutions Strategy and Outlook Strategy + Expand retail offering in the aftermarket and increase visibility and engagement with caravan buyers. + Commercialise new products in the OEM segment. + Update IT systems to take advantage of current technological capability and improve productivity. Outl
Slide 15: Summary and Outlook
Summary and Outlook COMMUNITY SOLUTIONS COMMUNITYSOLUTIONS COMMUNITY SOLUTIONS + Roadmap to improve quality and + Recent 5-year agreement with Rio + Medium term outlook for domestic consistency of earnings outlined Tinto underpins future utilisation. travel market remains positive. with Build, Trans
Slide 16: Important notices and disclaimer
Important notices and disclaimer The information contained in this presentation is provided by Fleetwood Limited ACN. 009 205 261 (Fleetwood) for informational purposes only and does not constitute an offer, invitation or recommendation to subscribe for or purchase any securities and neither this pr
Slide 17: Thank you
Thank you Investor Relations T 08 9323 3300 E info@fleetwood.com.au Fleetwod Australia Full Year Results FY22 Page 17