Fletcher Building Limited · NZX:FBU
Fletcher Building — Investor Presentation (October 2009)
23 slides from Fletcher Building's investor presentation, Oct 14, 2009
Slide 1: The Laminex Group Laminates & Panels Investor Presentation
For personal use only The Laminex Group Laminates & Panels Investor Presentation October 2009 David Worley, Chief Executive Laminex
Slide 2: Disclaimer
2 Disclaimer This presentation contains not only a review of operations, but also some forward looking statements about Fletcher Building and the environment in For personal use only which the company operates. Because these statements are forward looking, Fletcher Building’s actual results could di
Slide 3: Vision
3 Vision • Group Vision – The Laminex Group will be the innovative market leader for For personal use only decorative surfaces and related products in our core geographies of Australia and New Zealand. • Safety Vision – Zero harm Laminex Analyst Presentation – October 2009
Slide 4: Leading Brands
4 Leading Brands For personal use only Laminex Analyst Presentation – October 2009
Slide 5: Revenue by Product 2008/2009
5 Revenue by Product 2008/2009 For personal use only HPL Other 15% 23% Rawboard Domestic 13% Rawboard Ex port 5% Decorated Board 44% Laminex Analyst Presentation – October 2009
Slide 6: Leading Products
6 Leading Products For personal use only Kitchen fit out with TLG doors, bench tops and cupboards TLG Veneers product as used in the Melbourne Convention Centre TLG Essa stone bench top TLG fine edge doors Laminex Analyst Presentation – October 2009
Slide 7: Integrated supply chain particleboard
7 Integrated supply chain particleboard For personal use only Resin Fibre Dynea JV Wespine JV Dardanup particleboard Taupo particleboard NZ Australia Processed LPM Flooring LPM LPM LPM Panels Dardanup Dardanup Ballarat Brisbane Hamilton Cheltenham PBD Outsourced Supply TLG DISTRIBUTION 37 sites in A
Slide 8: Integrated supply chain medium density fibreboard (MDF)
Integrated supply chain medium density fibreboard (MDF) 8 Resin Fibre For personal use only Gympie MDF Veneers LPM LPM LPM LPM Dongwha Cheltenham Ballarat Gympie Brisbane Hamilton MDF jv TLG Distribution 37 sites in Australasia. 12 in New Zealand Customers Laminex Analyst Presentation – October 2009
Slide 9: Integrated supply chain high pressure laminate (HPL)
9 Integrated supply chain high pressure laminate (HPL) For personal use only Resin Paper Resin Paper Cheltenham HPL Formica China HPL TLG Australia distribution TLG New Zealand [37 sites] distribution [12 sites] Australian New Zealand Customers Customers Laminex Analyst Presentation – October 2009
Slide 10: Laminex has a vertically and horizontally integrated position in ANZ
Laminex has a vertically and horizontally integrated position in ANZ 10 Wholesale Raw material Sales and Postforming/ Retail/ Manufacturing and For personal use only production marketing fabrication installation distribution Kraft paper producers Compact Compact import Compact Compact specialists an
Slide 11: Manufacturing Locations
11 Manufacturing Locations For personal use only Gympie MDF Brisbane LPM Hamilton LPM Taupo PBD Ballarat Doors / Componentry Wespine Sawmill JV Cheltenham HPL Ballarat LPM Dunedin Benchtops Dongwha MDF JV Major Manufacturing Facilities Joint Ventures Laminex Analyst Presentation – October 2009
Slide 12: Australian MDF volumes/capacity
12 Australian MDF volumes/ capacity For personal use only Welshpool Closure 24/7/09 Capacity M3 '000 Export Raw MDF Domestic Raw and Low Pressure MDF 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY Source: HIA, BIS and Management estimates Laminex Anal
Slide 13: New Zealand particleboard volumes/capacity
13 New Zealand particleboard volumes/ capacity For personal use only Kumeu Closure 24/7/09 Export Raw Particle Board Capacity M3 '000 Domestic Raw and Low Pressure Particle Board 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY Source: Infometrics and M
Slide 14: Distribution Locations
14 Distribution Locations 37 sites in Australia, 12 in New Zealand For personal use only Widespread geographic coverage with a diversified customer base Brisbane Auckland Perth Sydney Adelaide Melbourne Laminex Analyst Presentation – October 2009
Slide 15: Customer Spread
15 Customer Spread For personal use only NUMBER OF ACTIVE AUSTRALIAN & NZ CUSTOMERS 2008-09 BY SALES GROUPINGS 14,000 13,333 12,000 10,000 8,000 6,000 4,000 2,000 240 24 0 <$0.5m $0.5m-$2.0m $2.0m-$5.0m Laminex Analyst Presentation – October 2009
Slide 16: Revenue by segment 2008/2009
16 Revenue by segment 2008/2009 For personal use only Export 5% New Homes 31% Alterations & Additions 30% Commercial 34% Laminex Analyst Presentation – October 2009
Slide 17: Revenue by major region 2008/2009
17 Revenue by major region 2008/2009 For personal use only Export 5% South Australia New Zealand 6% 17% New South Wales & ACT 18% Victoria & Tasmania 20% Queensland 17% Western Australia 17% Laminex Analyst Presentation – October 2009
Slide 18: Industry Structure
18 Industry Structure Laminex relative market position by major product group For personal use only HPL Wilson Art Others Laminex Decorative MDF/PBD Laminex CHH Borg Others Raw MDF/PBD CHH Laminex excludes Export Sumitomo Others Engineered Quantum Caesarstone Quartz Laminex Stone Source :Management
Slide 19: Revenue NZ$m
19 Revenue NZ$m For personal use only 1200 1131 1120 1100 1089 1052 1031 1000 900 800 700 600 2005 2006 2007 2008 2009 2005 2006 2007 2008 2009 Laminex Analyst Presentation – October 2009
Slide 20: Business Reset Programme
20 Business Reset Programme For personal use only Business optimisation / Reset programme Product/ Distribution Manufacturing Cost Manufacturing NZ Customer Optimisation Footprint Reductions Excellence Business Optimisation Cost to Serve • Plant closures (Kumeu • Procurement (includes • Manufacturin
Slide 21: Competitive advantage
21 Competitive advantage For personal use only National distribution network Local Breadth of manufacturing product range facilities Access to Brand awareness Formica and reputation Scale/scope in marketing Laminex Analyst Presentation – October 2009
Slide 22: Product innovation opportunities
22 Product innovation opportunities • Powder coated doors and componentry panel For personal use only • Cross selling Formica products • Engineered stone: Essa Stone • Solid surface benchtop material • Splashbacks • Greenfirst product range • Plywood • Veneers Laminex Analyst Presentation – October
Slide 23: Major Investments
23 Major Investments Ballarat Doors / Componentry • Relocation / rationalise For personal use only production • Capex $8m – Powder coated doors and panels: new products – Fine edged doors: market leading – Upgraded manufacturing equipment: efficiencies • Commissioned June qtr 2009 • Growth opportuni
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