Fleetwood Limited · ASX:FWD
Fleetwood — Shareholder Meeting (October 2025)
25 slides from Fleetwood's shareholder meeting presentation, Oct 27, 2025
Slide 1: 2025 Annual General Meeting: Chair's Address & CEO's Presentation
27 October 2025 2025 ANNUAL GENERAL MEETING CHAIR’S ADDRESS & MANAGING DIRECTOR & CEO’S PRESENTATION In accordance with ASX Listing Rule 3.13.3, Fleetwood Limited (ASX: FWD) (Fleetwood) is pleased to release the presentations to be delivered by our Chair, John Klepec, and Managing Director & CEO, Br
Slide 2: Chair's Address
CHAIR’S ADDRESS Good afternoon, ladies and gentlemen, and welcome to the 2025 Annual General Meeting of Fleetwood Limited. My name is John Klepec, and I am the Chair of the Company. As with previous years, we’re holding today’s AGM in a hybrid format, and I thank you all for your attendance—both her
Slide 3: Chair's Address (continued)
affordable and lifestyle housing, and increasing traction with our commercial and mining customers. Modular construction continues to gain recognition—by both government and industry— as a scalable, efficient solution to Australia’s housing shortage. Fleetwood is well-placed to be part of this solut
Slide 4: Dividend policy and CEO's presentation
past volatility of earnings and acquisitions that did not create value. We are determined not to repeat those mistakes. We will continue to uphold our dividend policy, distributing 100% of net profit after tax. We have entered FY26 with a solid foundation, a clear strategy, and a shared commitment to
Slide 5: Three business segments
We operate through three distinct business segments: • Community Solutions, where we manage accommodation villages — including Searipple in Karratha, the largest transient worker accommodation facility in the Pilbara, and Osprey Village in Port Hedland, which provides key worker housing; • Building
Slide 6: Community Solutions performance and outlook
This result was underpinned by 84% occupancy at our Searipple Village in Karratha, compared to 34% in FY24. We also invested significantly in upgrades to facilities, infrastructure, and services to enhance guest experience and ensure the village remains the accommodation of choice for a dynamic workf
Slide 7: Building Solutions strategy and outlook
Our strategy for Building Solutions is to accelerate the transformation from builder to manufacturer. The acceptance of modular construction as a high quality, cost-effective solution continues to grow. We are well positioned to continue capitalising on this growth, with panel agreements in educatio
Slide 8: RV Solutions review and restructuring
We also undertook a strategic review, which resulted in a $9.1 million goodwill impairment and $1.9 million in restructuring costs. These actions are repositioning the business with a lower cost base and improved resilience. Despite the challenges, demand from Australia’s large base of nearly one mi
Slide 9: Conclusion and FY26 outlook
In conclusion, FY25 was a transformational year for Fleetwood. We achieved outstanding growth in revenue, earnings, profit, and cash flow. We delivered record dividends for shareholders. We strengthened our balance sheet and continued to invest in our people, systems, and assets. Looking ahead, we rem
Slide 10: 2025 Annual General Meeting
For personal use only 2025 Annual General Meeting Monday, 27 October 2025 Building Solutions: Woodridge School, QLD
Slide 11: Acknowledgement of Country
For personal use only Fleetwood Australia acknowledges the Gadigal people of the Eora Nation, the traditional custodians of this land on which we meet today. We pay our respects to Elders past and present. Artwork by Garry Purchase (Dharawal, Bidjigal and Dhungutti) 2
Slide 12: Board and Executives
Board and Executives For personal use only John Klepec Jeff Dowling Adrienne Parker Mark Southey Non-Executive Director, Non-Executive Director, Non-Executive Director, Non-Executive Director, Board Chair Chair of Audit Committee Chair of Sustainability Chair of Remuneration & Committee Nominations
Slide 13: Chair's Address
For personal use only Chair’s Address Mr John Klepec Board Chair, Non-Executive Director 4
Slide 14: Managing Director & CEO's Address
Managing For personal use only Director & CEO’s Address Mr Bruce Nicholson Managing Director & CEO 5
Slide 15: Vision, Purpose and Values
Zero Harm Zero harm for people and the environment For personal use only Collaboration Vision Better together To be the leader in reimagining sustainable spaces Values Zero harm, Integrity Collaboration, Say what we do and do Integrity, Accountability, what we say Innovation Purpose Purpose, To crea
Slide 16: Operating Segments
Operating Segments For personal use only WA SA VIC NSW QLD 7
Slide 17: Overview FY25
Overview FY25 Final For personal use only Underlying* EBIT Fully Franked Dividend Free Cash Flow $37.7M 13.5 cps $27.0M Up $29.5M on FY24 Up 440% on FY24 Up $29.7M on FY24 Full Year Net Profit After Tax Fully Franked Dividend Searipple Occupancy $14.6M 25.0 cps 84% Up $10.8M on FY24 Up 400% on FY24
Slide 18: Community Solutions
Community Solutions For personal use only Performance $ Million FY25 FY24 Var Occupancy % 84% 34% 50% ✚ Community Solutions delivered a materially improved EBIT result of $39.2M at a 51% Revenue 76.9 33.7 43.2 EBIT 39.2 11.5 27.7 EBIT margin, highlighting the impact of higher occupancy on the operat
Slide 19: Community Solutions Strategy and Outlook
Community Solutions For personal use only Strategy Outlook ✚ Optimise Searipple Village across the cycle by working with long term ✚ Searipple Village FY26 contracted occupancy is currently up to 86% with a counterparties to secure base contracted business, layering in number of opportunities in the
Slide 20: Building Solutions
Building Solutions For personal use only Performance $ Million FY25 FY24 Var Repeat % Revenue 83% 74% 9% ✚ Revenue growth of 15.1% delivered through progress on the revenue diversification Revenue 356.2 309.6 46.6 EBIT 11.0 2.2 8.8 strategy across key sectors including: EBIT % Revenue 3.1% 0.7% 2.4%
Slide 21: Building Solutions Strategy and Outlook
Building Solutions For personal use only Strategy Outlook ✚ Accelerate transformation from builder to manufacturer ✚ The current order book is $150M. The pipeline to replenish remains strong with over $200M in open tenders ✚ A sharper focus on the Build, Transform, Grow strategic initiatives will im
Slide 22: RV Solutions
RV Solutions For personal use only Performance $ Million FY25 FY24 Var Revenue 70.6 75.5 -4.9 ✚ Difficult market and trading conditions continue to impact Camec manufactured Underlying EBIT* -2.8 1.3 -4.1 products and NRV plumbing services, which sell to the OEM caravan market which Underlying EBIT*
Slide 23: RV Solutions Strategy and Outlook
RV Solutions For personal use only Strategy Outlook ✚ Closure of the Dandenong factory and cessation of the production of ✚ The domestic RV manufacturing market continues to face significant sandwich panels and wall frames at the Somerton site. Final assembly of headwinds with further volume decline
Slide 24: Summary and Outlook
Summary and Outlook For personal use only ✚ Underlying EBIT $37.7M, a $29.5M improvement on FY24 ✚ Strong earnings momentum and disciplined working capital management delivered a $29.7M improvement in free cash flow ✚ Reflective of the strong balance sheet and improvement in earnings, the Board decl
Slide 25: 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