Gwa Group Limited · ASX:GWA
Gwa — Goldman Sachs Emerging Companies Conference 2013
18 slides from Gwa's conference presentation, May 15, 2013
Slide 1: ASX cover letter: Presentation to Goldman Sachs
GWA Group Limited S ABN 15 085 964 380 t 6173109 6000 f 6173852 2201 wwiv.gvagroup.com.au Level 2, HO (South Tower) 20 Wickham Street Fortitude Valley QLD 4006 PO Box 1411 Brisbane QLD 4001 15 May 2013 ASX On-Line Manager Company Announcements Australian Securities Exchange Dear Sir Presentation to
Slide 2: For personal use only
GWA Group Limited S Aa mtlt | mn ih. Wei be Be aR | | | | ie \ | | | | | | = t | I] | / ala EE | t fe) ii Sg ae
Slide 3: Presentation to Goldman Sachs Australia Pty Ltd Emerging Companies Conference
For personal use only Presentation to Goldman Sachs Australia Pty Ltd Emerging Companies Conference Presented by: Peter Crowley Title: Managing Director 15 May 2013
Slide 4: Overview of GWA Group
For personal use only Overview of GWA Group
Slide 5: Bathrooms & Kitchens
For personal use only Bathrooms & Kitchens Sanitaryware Kitchen sinks & Laundry tubs Tapware Hot Water
Slide 6: Door & Access Systems
For personal use only Door & Access Systems Door Furniture Garage Doors Commercial Locksmithing
Slide 7: Heating & Cooling
For personal use only Heating & Cooling Ducted Heating & Cooling
Slide 8: Targeted Market Segments
For personal use only Targeted Market Segments Bathrooms & Door & Access Heating & Kitchens Systems Cooling Acute fix / Acute fix / Acute fix / replacement replacement replacement Value consumer Value consumer Project builders Project builders Project builders Major projects Major projects Style con
Slide 9: Drivers of Demand
For personal use only Drivers of Demand We believe that demand for GWA’s products is generated by: New dwelling construction 30-35% Renovation & replacement 50-55% Commercial building (non dwelling) 10-15%
Slide 10: New Dwelling Activity: Moving Annual Numbers
For personal use only Moving Annual Numbers Ju n- 0 120,000 130,000 140,000 150,000 160,000 170,000 180,000 190,000 D 3 Source: BIS Shrapnel ec -0 Ju 3 n- 0 D 4 ec -0 Ju 4 n- 0 D 5 ec -0 Ju 5 n- 0 D 6 ec -0 Ju 6 n- 0 D 7 ec Approvals -0 Ju 7 n- 0 D 8 ec - Ju 08 n- 0 D 9 ec -0 Ju 9 Commencements New
Slide 11: Results - H/Y to December 2012
For personal use only Results - H/Y to 31 December 2012 Half Year Half Year $000’s 31.12.12 31.12.11 Change Sales Revenue 289,873 314,995 -8.0% Trading EBIT 34,579 44,886 -23.0% EBIT Margin 11.9% 14.2% Trading Profit after Tax 20,899 27,393 -23.7%
Slide 12: Results - H/Y to December 2012
For personal use only Results - H/Y to 31 December 2012 Half Year Half Year $000’s 31.12.12 31.12.11 Trading Profit after Tax 20,899 27,393 Restructuring Expenses after tax -5,168 -7,457 Net Profit (continuing operations) 15,731 19,936
Slide 13: Major Variations in Trading EBIT
For personal use only Major Variations in Trading EBIT 50 Sales volumes adversely 45 44.9 -8.1 impacted by absence of Government stimulus, 40 low building activity and -2.2 35 -8.9 10.0 -1.1 34.6 poor sales of environmental water 30 heaters Price has come under $M 25 pressure in Bathrooms & 20 Kitch
Slide 14: Current Business Priorities
For personal use only Current Business Priorities During the second half our main priorities have been: To bed down the new organisational changes following the December 2012 restructure and deliver the savings To implement the strategic plans which underpinned the restructure And we are simplifying
Slide 15: Financial Structure is Stable With Facilities Available to Fund Growth
For personal use only Financial Structure is Stable With Facilities Available to Fund Growth Total facilities $275 million with maturity in 2016 - 2018 Net debt of $180 million Investment grade metrics allow for targeted bolt on acquisitions from existing facilities
Slide 16: GWA Overarching Strategy
For personal use only GWA Overarching Strategy Our strategy is consistent for the Group and for each Division This strategy is built around FOCUS, REACH and LEVERAGE FOCUS is to grow in targeted market segments where GWA can sustain long term competitive advantage – Organic growth will be achieved b
Slide 17: Our Focus for 2012/13 is to Build a Stronger Business
For personal use only Our Focus for 2012/13 is to Build a Stronger Business so we can Capture the Upside when Building Activity Improves Re-align the business with greater focus on customer segments Strengthen the balance sheet through sale of non-core assets New product offers eg G+ electronic acce
Slide 18: For personal use only
GWA Group Limited S Aa mtlt | mn ih. Wei be Be aR | | | | ie \ | | | | | | = t | I] | / ala EE | t fe) ii Sg ae
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