Fletcher Building Limited · NZX:FBU
Fletcher Building — Investor Presentation (September 2026)
27 slides from Fletcher Building's investor presentation, Sep 30, 2026
Slide 1: Proxy Advisor Presentation
For personal use only 30 September 2026 Proxy Advisor Presentation Fletcher Building releases the attached presentation, which was prepared in connection with Fletcher Building’s upcoming engagement with proxy advisers. There is no new material information contained within the presentation. ENDS Aut
Slide 2: Governance Briefing
Governance Briefing rsonal use only Update picture OCTOBER 2026 Golden Bay – Portland Manufacturing Plant
Slide 3: Agenda
rsonal use only Agenda 1. FY26 at a glance 2. Board composition 3. FY26 Remuneration framework and outcomes 4. Looking ahead: FY27 remuneration framework changes 5. Our stakeholders 6. Appendix 2
Slide 4: FY26 at a glance
FY26 at a glance rsonal use only Update image
Slide 5: FY26 key takeaways
rsonal use only FY26 key takeaways ❶ Steady performance in a tough macro environment ❷ Progressed the execution of our strategy ❸ Resilient balance sheet, with net debt in target range ❹ Group ROIC improved, but more work to do ❺ Operating cashflows strong, but continue to be impacted by legacy proj
Slide 6: FY26 financial summary
rsonal use only FY26 financial summary Revenue1 EBIT1,2 EBIT Margin1,2,3 Net Earnings $6.0b $414m 6.9% $228m 7.3% higher than FY25 $85m higher than FY25 vs 5.9% FY25 vs -$419m net loss FY25 Net Cash from Capital Net Operating Activities Expenditure Debt ROIC1,2,3 $715m $288m $637m 5.3% vs $501m FY25
Slide 7: Turnaround plan
Turnaround plan FY26 delivered on portfolio simplification, providing a platform for future ROIC improvement Implemented Future rsonal use only Construction Division divested Australian and Steel divisional Assess and execute on growth restructure options inside core divisions Reinforcing &
Slide 8: FY26 operational highlights
FY26 operational highlights ▪ PlaceMakers’ new Cavendish Drive Frame & Truss plant now operational ▪ Firth new flagship Auckland batching plant opened in Penrose - a rsonal use only significant investment in Auckland’s ready-mix capacity ▪ The Urban Quarry opened a new site in Tamahere, improving cl
Slide 9: Board composition
Board composition rsonal use only
Slide 10: Board Composition
Board Composition The Board is well equipped to oversee Fletcher Building, following significant recent renewal Committee Memberships Director Appointed Role Safety, Health, rsonal use only Diversity (43%) Average Tenure (3.6 yrs) Independence (86%) People & Audit & Risk Disclosure Nominations Envir
Slide 11: FY26 Remuneration framework and outcomes
FY26 Remuneration framework and rsonal use only outcomes Update Image
Slide 12: FY26 Remuneration Framework
FY26 Remuneration Framework Remuneration is comprised of three components. Short-term incentives were reviewed ahead of FY26, with long- term incentives now also updated. rsonal use only Fixed Remuneration Short-term Incentive (STI) plan Executive Long-Term Share Scheme (ELSS) Reviewed ahead of FY26
Slide 13: Chief Executive LTI Update
Chief Executive LTI Update Long-term incentive changes strengthen alignment with the Group’s turnaround strategy, linking reward more directly to sustainable earnings, capital discipline and long-term value creation. rsonal use only Short-term: Medium-term: Long-term: Decentralisation Divestment of
Slide 14: FY26 STI Outcomes – Group CEO
FY26 STI Outcomes – Group CEO Scorecard Actual Category Measure weighting outcome (% of Comment payout range maximum) Continued to champion the Protect Strategy by maintaining a strong on-site presence, undertaking Safety gate Gate for any payment safety walks and engaging directly with teams across
Slide 15: FY26 LTI Outcomes
FY26 LTI Outcomes Date of offer Shares offered % vested % forfeited Context July 2025 1,637,863 As per the updated ELSS design introduced in FY26, grant and test dates rsonal use only were aligned to Fletcher Building’s In-flight financial year from the 1 July 2025 offer. September 2024 1,302,514 -
Slide 16: FY26 Non-executive Director Remuneration
FY26 Non-executive Director Remuneration Director fees are paid within the total directors’ remuneration pool of $2 million per annum, approved by shareholders in 2011. Board/Committee¹ Role FY25 Remuneration FY26 Remuneration rsonal use only Chair $320,000 $320,000 Board of Directors Deputy Chair -
Slide 17: Looking ahead: FY27 remuneration framework changes
Looking ahead: FY27 remuneration rsonal use only framework changes Update picture
Slide 18: FY27 Remuneration framework changes
FY27 Remuneration framework changes The following key changes were made following the comprehensive review: Variable remuneration Rationale rsonal use only • Introduction of a Group EBIT gate to cap Division/BU plans at • The introduction of a Group EBIT gate to cap payments, is an target: A minimum
Slide 19: Our stakeholders
Our stakeholders rsonal use only
Slide 20: Our safety
Our safety Refreshing our commitment to Protect SERIOUS INJURIES As at 30 June 2026 Including Construction Excluding Construction • In July 2025, we tragically lost one of our colleagues, Max, in a 4 rsonal use only fatal event in Vanuatu (Construction Division). Our thoughts 2 2 remain with his fam
Slide 21: Our people
Our people Targeted investment in leadership, skills and culture is lifting engagement and building capability to deliver our strategy rsonal use only Senior leader engagement Employee Education Fund (EEF) Continuing to grow diversity Reconciliation Action Plan Focus on leadership The EEF continues
Slide 22: Our community
Our community Supporting the communities in which we operate For many years, the Mico team, Tukapa Rugby & Sports Club in rsonal use only together with our customers, Taranaki has received a brand- suppliers and partners, has new roof. The project was a supported Make-A-Wish. result of a community p
Slide 23: Our customers
Our customers We’re proud of the products and people helping our customers build their future rsonal use only Firth mobilises mobile plants for Iplex AU - driving efficient urban Laminex Calm & Cohesive finishes PlaceMakers PLUS two major wind farms infrastructure delivery chosen for flagship clinic
Slide 24: Our environment
Our environment Supporting our local environment and improving our operational sustainability rsonal use only Carbon emissions 76% 86% Supplier 21% of revenue from of waste diverted Leadership Engagement lower vs FY18 baseline1 Sustainably Certified Products from landfill A- A Urban Quarry opened a
Slide 25: Appendix
Appendix rsonal use only Update picture
Slide 26: Fletcher Building at a Glance
Fletcher Building at a Glance • A leading building materials manufacturer and distributor across rsonal use only New Zealand and Australia • NZX and ASX listed (FBU), with market cap of ~NZ$4bn • FY26 Revenue of $6.0b and EBIT1 of $414m (continuing operations) • Operates through a portfolio of 19 co
Slide 27: Thank you
Thank you wy Fletcher ~ Building
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