Fleetwood Limited · ASX:FWD
Fleetwood — Investor Presentation (August 2026)
29 slides from Fleetwood's investor presentation, Aug 27, 2026
Slide 1: FY26 Results Presentation
FY26 Results Presentation 27 August 2026 (revised version) Searipple Village, Karratha WA
Slide 2: 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 3: Today's Speakers
Today’s Speakers Andrea Pidcock Cate Chandler Chief Executive Officer Chief Financial Officer 31
Slide 4: Highlights
Highlights Underlying* Final Dividend Community Solutions Community Solutions EBIT Fully Franked EBIT Searipple Occupancy $35.6m 9.5 cps $50.0m 82-92% FY27 contracted + expected bookings Free Cash Full Year Dividends Building Solutions Building Solutions Flow Fully Franked Underlying* EBIT Order Boo
Slide 5: Financial Results
Financial Results Cate Chandler Chief Financial Officer Crestmead, QLD 5
Slide 6: Profit & Loss
Profit & Loss $ Million FY26 FY25 Var + Revenue was 6% lower across Building Solutions Revenue 475.0 505.2 -30.2 and RV Solutions, which was partly offset by record EBITDA 23.3 54.1 -30.9 occupancy at Searipple Village Karratha that Impairment - 9.1 9.1 contributed record earnings for Community Solu
Slide 7: Cash Flow
Cash Flow $ Million FY26 FY25 Change + Strong closing cash position of $61.5m EBITDA 23.3 54.1 -30.8 + Disciplined working capital management and the Non-cash items in EBITDA 9.0 2.6 6.4 divestment of RV Solutions were the drivers that Working Capital / Provisions 31.6 -14.0 45.6 lifted operating ca
Slide 8: Capital Management
Capital Management $ Million FY26 FY25 Change + Free cash flow generated $35.9m Net working capital / other 8.9 44.2 35.3 Property Plant & Equipment 27.7 32.2 4.5 + Disciplined working capital management has been the key Held for Sale 9.1 - -9.1 driver of improved free cash flow Intangibles 35.0 38.
Slide 9: Segment Results
Segment Results Andrea Pidcock Chief Executive Officer QBuild MMC, Toowoomba, QLD 9
Slide 10: Community Solutions
Community Solutions $ Million FY26 FY25 Var + Searipple Village occupancy of 96%, underpinned by Occupancy % 96% 84% 12% investment in regional projects, drove a record EBIT of $50.0m Revenue 93.8 76.9 16.9 EBIT 50.0 39.2 10.8 + Searipple FY27 contracted occupancy 72% and EBIT % Revenue 53.3% 51.0%
Slide 11: Building Solutions
Building Solutions + Revenue increases in VIC, SA and WA were offset by $ Million FY26 FY25 Var declines in QLD and NSW Revenue 323.5 356.2 -32.7 - QLD was lower in 1H26 due to delays in large EBIT -24.1 11.0 -35.1 projects being awarded Restructuring costs 15.4 - -15.4 + Underlying EBIT1 was $19.7m
Slide 12: RV Solutions
RV Solutions $ Million FY26 FY25 Var + RV Solutions remained profitable on an underlying Revenue 55.9 70.6 -14.7 EBIT1 basis despite market headwinds as local EBIT -12.5 -13.8 1.3 caravan manufacturers faced increasing competition from imports Restructuring costs 14.2 11.0 -3.2 Underlying1 EBIT 1.7
Slide 13: Strategy & Outlook
Strategy & Outlook Andrea Pidcock Chief Executive Officer Dept Housing WA, Manjimup 141
Slide 14: Simplified business with two divisions
Simplified business with two divisions 1 Community Solutions 2 Building Solutions Leader in design and construction of modular buildings, delivered through an Leader in building, operating and managing high-quality accommodation villages integrated model providing certainty, speed, and quality acros
Slide 15: Community Solutions
15 Community Solutions Built and managed by Fleetwood - 293 houses built for Port Hedland Accommodation portfolio enables yield optimisation and Council, housing key workers (teachers, police and local staff). - Parks, roads, footpaths and homes all development options managed and maintained by Flee
Slide 16: Community Solutions
Community Solutions The earnings uplift reflects the demand for Transient Worker Accommodation in Karratha driving higher occupancy Community Solutions EBIT vs Searipple Occupancy EBIT $m Occupancy % 96% 50 100 84% 40 80 30 60 34% $50.0 20 $39.2 40 10 20 $8.3 $10.2 $11.5 0 0 FY22 FY23 FY24 FY25 FY26
Slide 17: Demand for TWA is expected to continue, underpinned by a $30B+ pipeline
Demand for TWA is expected to continue, underpinned by a $30B+ pipeline of infrastructure projects, existing operations and maintenance works Company Project Industry Investment Status Transient workers Rio Tinto Parker Point Water Security $1.0B Construction 300 Stage 2 approved March 2026 Perdaman
Slide 18: Karratha's sustained accommodation shortfall reinforces the value of Fleetwood's WA portfolio strategy
Karratha’s sustained accommodation shortfall reinforces the value of Fleetwood's WA portfolio strategy Shortfall of 1,500 Transient Worker rooms + Short-term accommodation shortage: the region is forecasting a multi-year shortfall of at least 1,500 TWA rooms, driving strong Karratha Transient Worker
Slide 19: Red Dog Village
Red Dog Village Red Dog Village Acquisition1 $20m + Announced: 16 July 2026 + Location: Karratha, WA + Accommodation type: Transient Worker + Site size: 45 hectares + Built: 2022 + Rooms: 2,169 + Completion1: 1 January 2027 1. Subject to satisfaction of conditions precedent 19
Slide 20: Strategic acquisition strengthens Community Solutions earnings potential
20 20 Strategic acquisition strengthens Community Solutions earnings potential SEARIPPLE + Depending on occupancy and market conditions, the Red Dog Village acquisition1 has the potential to increase Community Solutions EBIT by $10.0m-$20.0m on an annualised basis + Searipple contracted and expected
Slide 21: The Fleetwood advantage
The Fleetwood advantage Fleetwood is a national accommodation provider, with modular capability enabling scalable and profitable growth, asset renewal and flexible deployment across regions Community Solutions Building Solutions Two businesses Accommodation portfolio Integrated modular capability co
Slide 22: Building Solutions
Building Solutions Building Solutions is a leader in modern modular manufacturing and construction with a national footprint to support profitable growth Location Total Facility Area (m2) High Wycombe, WA 66,350 Crestmead, QLD 50,000 Para Hills West, SA 19,000 Crestmead QLD High Wycombe Kangaroo Fla
Slide 23: Building Solutions Order Book
Building Solutions Order Book The outlook is positive with $156m work in hand and a pipeline >$200m pending award Work in Hand $156m June 26 Tender Pipeline >$200m June 26 Defence & Other Defence & Other 1% Government 11% Education 22% Government 25% Education 12% 38% 16% Resources 20% Resources 22%
Slide 24: Building Solutions Revenue Outlook
Building Solutions Revenue Outlook Revenue growth of more than 5% in FY27 with a sharpened focus on earnings quality Revenue $m 356 333 324 310 296 249 221 209 179 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 24
Slide 25: Summary & Outlook
Summary & Outlook Successful portfolio simplification positions Fleetwood for growth in FY27 Community Solutions Building Solutions Capital Management + Record Community Solutions EBIT of + Reset the Building Solutions fixed cost + Closing cash of $61.5m $50.0m underpinned by 96% occupancy base by $
Slide 26: Three immediate focus areas
Three immediate focus areas 1 2 3 Improve Building Solutions Deliver value from Red Dog Lift organisational capability Profitability Village acquisition and culture + Strengthen foundations in end-to-end + Ensure Conditions Precedent are met + Strengthen capabilities required for project governance
Slide 27: Summary: why Fleetwood
Summary: why Fleetwood Modular builder with Six (6) manufacturing facilities and 221,775m² of capacity, positioned for a 1 national footprint national housing shortfall and rising government infrastructure spend Resilient, recurring Community Solutions Positioned to deliver sustainable earnings with
Slide 28: Q&A
Q&A Red Dog Village, Karratha WA 28
Slide 29: Thank you
Thank you For further information, please contact: Cate Chandler Chief Financial Officer 0419 186 575 Investor Relations: info@fleetwood.com.au VSBA, Glen Waverley School, VIC 29