Boral — Shareholder Meeting (November 2015)
18 slides from Boral's shareholder meeting presentation, Nov 5, 2015
Slide 1: Annual General Meeting 2015 - Chairman's Address
ANNUAL GENERAL MEETING 2015 5 November 2015 Sydney Chairman’s Address Dr Bob Every AO
Slide 2: Safety performance; FY2015 financial results highlights
Safety performance Our goal: ZERO HARM for all Boral employees and contractors Employee and Contractor Recordable Injury Frequency Rate1 (per million hours worked) LTIFR MTIFR 22.7 21.4 19.0 -11% 17.4 13.6 12.1 20.5 19.4 17.2 15.5 11.7 -12% 10.3 2.2 -5% 2.0 1.8 1.9 1.9 1.8 FY2010 FY2011 FY2012 FY201
Slide 3: Capital management; Return on average funds employed
Capital management Balance sheet remains strong and full year dividend increased to 18.0c per share Earnings (EPS)1 and dividends per share (DPS) Net debt A$ cents A$ million 1,518 1,446 DPS EPS 31.9 1,183 817 718 505 24.4 22.1 22.0 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 18.0 Gearing (net debt /
Slide 4: Fix, Execute, Transform program; Board of Directors
Fix, Execute, Transform program How we’re changing Boral Our goal is to transform Boral into a global building and construction materials company that is known for its world-leading safety performance, innovative product platform and superior returns on shareholders’ funds FIX EXECUTE TRANSFORM 2 ye
Slide 5: Chairman Elect; CEO & MD's Address
Chairman Elect Dr Brian Clark CEO & MD’s Address Mike Kane
Slide 6: Boral's Fix, Execute, Transform program
Boral’s Fix, Execute, Transform program FIX EXECUTE TRANSFORM 2 years 4 years 6 years + Fixing things that are Improving the way we Transforming Boral for holding us back operate to be more performance excellence efficient, disciplined and and sustainable growth Streamlined organisation profitable
Slide 7: Boral Construction Materials & Cement
Boral Construction Materials & Cement Concrete, Quarries, Cement, Asphalt, Transport and Property FY2016 Outlook • Excluding Property earnings, we expect Revenue EBIT1 A$ million A$ million to maintain similar high levels of EBIT as FY2015 3,287 • A multi-year recovery in infrastructure 3,091 demand
Slide 8: Boral Construction Materials & Cement outlook and property earnings
Boral Construction Materials & Cement Concrete, Quarries, Cement, Asphalt, Transport and Property FY2016 Outlook • Excluding Property earnings, we expect Revenue EBIT1 A$ million A$ million to maintain similar high levels of EBIT as FY2015 3,287 • A multi-year recovery in infrastructure 3,091 demand
Slide 9: Boral Building Products; Boral Gypsum
Boral Building Products Australian Bricks1, Roofing2 and Timber FY2016 Outlook Revenue EBIT3 • Expect underlying earnings A$ million A$ million improvement despite housing activity forecast to soften 487 485 • However, expect to maintain similar reported EBIT to FY2015, reflecting the impact on earn
Slide 10: Boral USA; 1Q FY2016 Trading Update
Boral USA Bricks, Roof Tiles, Cultured Stone, Fly Ash, Construction Materials FY2016 Outlook • Expect approximately 1.2 million total Revenue EBIT1 A$ million A$ million housing starts in FY2016, in line with forecasters’ projections2 839 • EBIT from Boral’s USA division expected to increase in line
Slide 11: Annual General Meeting 2015 Formal Business
Annual General Meeting 2015 Formal Business Item 1 – Financial Reports To consider the Financial Report, the Directors’ Report and the Auditor’s Report for the year ended 30 June 2015 22
Slide 12: Item 2 – Remuneration Report
Remuneration & Nomination Committee Chairman Dr Brian Clark Item 2 – Remuneration Report To consider and, if thought fit, to pass the following resolution as a non-binding ordinary resolution: “To adopt the Remuneration Report for the year ended 30 June 2015.” 24
Slide 13: Remuneration Report proxies; Item 3 Re-election of Directors
Item 2 – Remuneration Report Proxies Proxies For 498,298,287 Open 4,611,592 Against 6,367,515 % to be cast FOR the resolution* 98.4% * On basis open proxies in favour of the Chairman of the Meeting are voted FOR 25 Item 3 – Re-election of Directors 3.1 To re-elect John Marlay as a Director To consid
Slide 14: Item 3.1 – Re-elect John Marlay
Item 3.1 – To re-elect John Marlay as a Director 27 Item 3.1 – To re-elect John Marlay as a Director Proxies Proxies For 504,520,238 Open 4,777,191 Against 534,151 % to be cast FOR the resolution* 99.6% * On basis open proxies in favour of the Chairman of the Meeting are voted FOR 28
Slide 15: Item 3.2 – Re-elect Catherine Brenner
Item 3 – Re-election of Directors 3.2 To re-elect Catherine Brenner as a Director To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “That Catherine Brenner, who retires in accordance with clause 6.3(b) of the Company’s Constitution, being eligible, be re-el
Slide 16: Item 3.2 proxies; Item 4 Award of rights to Mike Kane
Item 3.2 – To re-elect Catherine Brenner as a Director Proxies Proxies For 501,879,337 Open 4,777,167 Against 3,234,082 % to be cast FOR the resolution* 99.0% * On basis open proxies in favour of the Chairman of the Meeting are voted FOR 31 Item 4 – Award of LTI and deferred STI Rights to Mike Kane
Slide 17: Item 4 proxies; Item 5 Proportional Takeover Provisions
Item 4 – Award of LTI and deferred STI Rights to Mike Kane Proxies Proxies For 494,878,044 Open 5,035,157 Against 9,956,145 % to be cast FOR the resolution* 97.7% * On basis open proxies in favour of the Chairman of the Meeting are voted FOR 33 Item 5 – Proportional Takeover Approval Provisions To c
Slide 18: Item 5 proxies; Annual General Meeting 2015
Item 5 – Proportional Takeover Approval Provisions Proxies Proxies For 501,580,374 Open 5,556,627 Against 2,736,781 % to be cast FOR the resolution* 99.1% * On basis open proxies in favour of the Chairman of the Meeting are voted FOR 35 ANNUAL GENERAL MEETING 2015 5 November 2015 Sydney