Fletcher Building Limited · NZX:FBU
Fletcher Building — Investor Day (June 2025)
10 slides from Fletcher Building's investor day presentation, Jun 24, 2025
Slide 1: Heavy Building Materials Division
INSERT TEXT HERE Heavy Building Materials Division Construction Materials Vertical
Slide 2: NZ's leading construction materials business with a foundation in circularity and low-carbon
The Construction Materials vertical is NZ’s leading construction materials business with a foundation in circularity and low-carbon Leading market positions - Leader in aggregates & recycling, NZ’s only domestic manufacturer of cement, ready-mix concrete, masonry & Dricon (bagged dry concrete) and
Slide 3: Vertically integrated, aggregate-led business model with downstream value-added solutions
Our vertically integrated business model is aggregate-led, with downstream presence to deliver value-added solutions and drive pull- through ~8 million tonnes aggregates p.a. ~1m tonnes cement p.a. Upstream ~470k tonnes recycling/cleanfill p.a. ~100k tonnes waste diverted p.a. materials represent ~7
Slide 4: Golden Bay is NZ's only integrated cement manufacturer
Golden Bay is NZ’s only integrated cement manufacturer The Portland plant in Whangārei has been producing cement since 1913 providing critical supply chain resilience to the construction industry Strategically located near two limestone quarries which provide supply of necessary raw materials fo
Slide 5: Cement manufacturing occurs in two stages: clinker production and grinding
Cement manufacturing occurs in two stages: production of clinker from raw materials; and grinding of clinker to produce cement for distribution Clinker production is an emissions intensive process: 1. Thermal energy: ~35% of current process emissions (addressable by Golden Bay) 2. Limestone chemical
Slide 6: Golden Bay's use of waste-derived alternative fuels is industry leading
Golden Bay’s use of waste-derived alternative fuels is industry leading and we play a significant role in waste diversion for NZ XX 2003: bio-fuel (Woodwaste) 2021: installation of feed system to 2025: Front-end firing project to introduce hard- introduced as a partial replacement handle tyre-derive
Slide 7: Decarbonisation of cement is key to NZ concrete industry net-zero by 2050
Decarbonisation of cement is playing a key role in the NZ concrete industry achieving net-zero emissions by 2050 What Golden Bay is doing: What Golden Bay is doing: • Increasing the use of supplementary cementitious What Firth is doing: • Supporting small-scale carbon capture materials to reduce cli
Slide 8: Current Emissions Trading Scheme settings are uncertain, preventing decarbonisation investment
Current Emissions Trading Scheme settings are uncertain, preventing significant investments in decarbonisation Manufacturing of clinker and cement are qualifying activities under the Emissions Trading Scheme (‘ETS’), therefore Golden Bay has historically received Industrial Allocations (IA’s) of c
Slide 9: Committed to decarbonising cement and concrete but regulatory uncertainty limits capital deployment
We are committed to decarbonising cement & concrete, and we want to remain manufacturing in NZ, but we cannot deploy significant capital with regulatory uncertainty Supplementary Cementitious Materials (‘SCMs’) Positive Government engagement to date – decarbonisation without deindustrialisation
Slide 10: Questions?
Questions? gw ” Fletcher ~ Building