Fleetwood Limited · ASX:FWD
Fleetwood — H1 FY2014 Earnings Presentation
9 slides from Fleetwood's earnings presentation, Feb 20, 2014
Slide 1: 2014 Half Year Results Teleconference
For personal use only 2014 Half Year Results Teleconference 20 February 2014 Steve Price, CEO 2.00pm AEDT / 11.00am AWST Brad Denison, CFO Dial-in 1800 123 296, Conference ID 55981593
Slide 2: Group Overview
Group Overview • Established 1964 Strong track record over the business cycle • Listed 1987 Industry leaders, # 1 or 2 in markets For personal use only • Delivering the Promise 1987 Accommodation Recreational Vehicles Division Division Innovative accommodation solutions Quality recreational vehicles
Slide 3: Summary
Summary Weak trading conditions, but improvement in two key markets For personal use only • Weak trading conditions continue in Resources Highlights • Increased demand in Education & Recreational Vehicles • Built Osprey & Dingo villages • Revenue up 28% driven by new products Financials • Margins do
Slide 4: Operational Performance: Accommodation Division
Operational Performance: Accommodation Division Weak conditions, but some bright spots in Education, Dingo & Osprey For personal use only Education • Qld - stronger demand from Year 7s & installation • Vic - stronger demand from Transfer Program & private schools • WA - won first two sizeable contra
Slide 5: Operational Performance: Recreational Vehicles Division
Operational Performance: Recreational Vehicles Division Increasing demand and new streamlined operations For personal use only Fleetwood RV (Coromal & Windsor) • Ramped up production 56% • Increased import of Asian campers • Developed next generation of higher specification products Camec • Develope
Slide 6: Financial Performance
Financial Performance Increasing revenue in tough trading conditions For personal use only Group Revenue ($m) NPAT ($m) 227.6 27.5 188.4 27.1 185.3 150.5 21.7 212.1 27.7 194.3 190.3 24.3 148.6 121.2 16.7 7.8 8.9 4.2 2010 2011 2012 2013 2014 2010 2011 2012 2013 2014 MA Revenue ($m) MA EBIT ($m) RV Re
Slide 7: Financial Performance
Financial Performance Sizeable investment in Osprey For personal use only Operating Cash Flows ($m) Capital Expenditure ($m) 29.7 3.6 3.9 19.8 23.2 14.8 36.5 17.2 6.7 47.6 8.3 33.0 31.6 19.2 7.6 14.6 15.3 18.5 13.0 10.1 6.2 4.1 2010 2011 2012 2013 2014 2010 2011 2012 2013 2014 1H First half Second h
Slide 8: Outlook
Outlook Weak conditions, but improvement in two key markets For personal use only Outlook Key Strategies Education: normalised demand - Leverage leading position by adding value & growing presence Accommodation Division Resources: “patchy” new project awards - Greater focus on fewer higher value pro
Slide 9: Questions
For personal use only Questions 9