Fletcher Building Limited · NZX:FBU
Fletcher Building — Investor Day (May 2021)
17 slides from Fletcher Building's investor day presentation, May 26, 2021
Slide 1: Fletcher Building Investor Day May 2021
Fletcher Building Investor Day May 2021 Dean Fradgley CE, Australia 26 May 2021
Slide 2: Agenda
Agenda 1. Introduction, Fletcher Building Overview Ross Taylor 2. Group Financials Bevan McKenzie 3. Safety Wendi Croft 4. Building Products Hamish McBeath 5. Concrete Nick Traber 6. Distribution Bruce McEwen 7. Residential and Development Steve Evans 8. Construction Peter Reidy 9. Australia Dean Fr
Slide 3: Australia
Australia We have well-established and leading brands that operate across manufacturing and distribution sectors è Businesses of scale in specific sectors è Positioned for growth across the key markets Civil / Business Unit Overview Residential Commercial Infrastructure • Laminex is the leading manu
Slide 4: Australia market outlook
Australia Overall market outlook is expected to be stable over the next two years; strong growth in medium-term AU Historical and Forecast Market Outlook Residential/ A&A (A$b) The Australian market has rebounded well from the impact of COVID-19 CAGR -1% è Residential (60% exposure) è Residential de
Slide 5: Australia market share
Australia Despite a broadly flat market, good progress made on profitable share gains Market Size (NZ$b) and Share (%) HY21 Revenue Weighted Sector Exposure $1.8b $4.2b $1.4b $0.4b $0.5b $2.6b 12% 28% Market share % 60% Key: Residential Non Residential Infrastructure Our growth strategy has seen us
Slide 6: Australia profit improvement and EBIT margin target
Australia The Division has evidenced material profit improvement in FY21; this will continue into FY22 and beyond as we target 5-7% EBIT margin by FY23 EBIT ($m)1 EBIT Margin1 (%) and ROFE2 (%) Key Non-financial Measures FY19 YTD21 c.7.6% TRIFR3 5.4 5.8 $100-105m NPS 33 25 Engagement 64% 59% 5.0% $7
Slide 7: Australia market leading performance and growth
Economic Australia Leadership in Market leading performance innovation, customer Lowest of each sustainability, solutions and delivered cost business in and growth via Quality of underlying earnings improved materially; now in growth mode services industry top quartile disruption 5-7% EBIT margin by
Slide 8: Laminex
Laminex Market leading customer Economic performance of each Leadership in innovation, Performing very well in market; gross margin now at top quartile levels, solutions and services business in industry top sustainability, and growth via disruption supported by sustainable low operating costs quart
Slide 9: Laminex
Laminex Leadership in innovation, sustainability, and growth via Now leading the market with best-in-class vitality and innovation disruption What have we done to improve performance? What we are doing to drive growth è The strong digital offer is è Primary demand via our sales team is driving speci
Slide 10: Laminex trial stores with B2B joinery offer
Laminex Laminex will launch trial stores in June this year with a market leading B2B joinery offer YOU RESELL PRE-ASSEMBLED HIGH QUALITY, HAVEN KITCHENS Five store trial in Victoria 100% IN STOCK, BY FORMICA RIGID CARCASS 100% OF TIME. TO THE END KITCHENS WITH PICK UP A CONSUMER AT FREE AT HOME KITC
Slide 11: Tradelink & Oliveri
Economic Tradelink & Oliveri Market leading customer solutions and Lowest delivered cost performance of each business in Making pleasing progress, supported by margin expansion & efficiency gains services industry top quartile è 46% of total revenue is SME, up from 34% Customer Mix Targeted SME è Gr
Slide 12: Tradelink & Oliveri efficiencies and own brand
Tradelink & Oliveri Lowest Efficiencies evidenced through strong sales metrics, own brand sales exceeding expectations, delivered cost and digital offer launched with improving volumes and conversion rates What have we done to improve performance? What we are doing to drive growth Sales & Margin per
Slide 13: Fletcher Insulation
Fletcher Insulation Market leading customer Lowest Transformational change now complete; significant efficiency gains delivered; solutions and services delivered cost now executing growth strategy è Direct to site model has facilitated a 35% reduction Glasswool GlasswoolManufacture manufacture costC
Slide 14: Iplex
Iplex Market leading customer Lowest Economic performance of each Leadership in innovation, Pleasing progress in strategic areas of growth set against a slow project solutions and services delivered cost business in industry top sustainability, and growth via disruption market; simplified business m
Slide 15: Stramit
Stramit Market leading customer Lowest Economic performance of each Leadership in innovation, Material improvement in profitability YoY; performed well in its key solutions and services delivered cost business in industry top sustainability, and growth via disruption strategic growth areas quartile
Slide 16: Closing summary
Economic Australia Leadership in Market leading performance innovation, customer Lowest of each sustainability, solutions and delivered cost business in and growth via Closing summary services industry top quartile disruption Strong Momentum in Growing share 30% Digitisation Commitment to operationa
Slide 17: Questions
Questions 17 Fletcher Building Limited Investor Day Presentation | © May 2021