Boral — Shareholder Meeting (November 2011)
18 slides from Boral's shareholder meeting presentation, Nov 3, 2011
Slide 1: Boral Annual General Meeting 2011
BUILDING SOMETHING GREAT TM BORAL ANNUAL GENERAL MEETING 2011 Dr Bob Every, Chairman 3 November 2011 Boral Limited – Building something great™ 1 1
Slide 2: Financial Highlights
Dr Bob Every – Annual General Meeting 2011 FINANCIAL HIGHLIGHTS - Continuing operations Revenue $4.7bn up 4% Profit after tax 1 $173m up 20% Cash from operations $351m down 24% Net debt $0.5bn down from $1.2bn Gearing 16% down from 45% 1. Prior to significant items Boral Limited – Building something
Slide 3: Shareholder Returns
Dr Bob Every – Annual General Meeting 2011 SHAREHOLDER RETURNS Full year dividend Dividend pay-out ratio of 14.5c up 7% 60% - In line with stated range 70% Shares issued under Dividend Reinvestment Plan at 2.5% discount - Take-up of DRP for the 50% year ~50% For the ten years to June 30% 2011,
Slide 4: Recent Acquisitions
Dr Bob Every – Annual General Meeting 2011 RECENT ACQUISITIONS MonierLifetile, Cultured Stone, Wagners*, Sunshine Coast LBGA USA USA Australia Quarries, Asia Australia Purchase US$ 75m US$ 45m A$ 173m A$ 81.5m € 380m price Revenue US$ 75m US$ 100m A$ 115m A$ 32m US$ 576m Results (US$ 15m) (US$ 14m)
Slide 5: Safety & Sustainability
Dr Bob Every – Annual General Meeting 2011 SAFETY & SUSTAINABILITY Consolidated Employees’ st t ru Be ng and Contractors’ LTIFR* nt ai ni in g a ai ro m le In ing d m an od te W ot g el in re lfa ild n N rv B u e e 3.4 3.2 n io at r m f o in E Pr HS io rit g in is ek in g 2.2 se H y SE el 2.0 2.0 c
Slide 6: Boral Board
Dr Bob Every – Annual General Meeting 2011 BORAL BOARD Bob Every Paul Rayner Eileen Doyle Chairman Chairman of the Chairman of the Health Audit Committee Safety & Environment Committee Mark Selway Richard Longes Catherine Brenner Chief Executive Brian Clark John Marlay Chairman of the Remuneration a
Slide 7: Boral Executive Team
Dr Bob Every – Annual General Meeting 2011 BORAL EXECUTIVE TEAM Mark Selway Chief Executive Murray Read Ross Batstone Mike Beardsell Mike Kane Warren Davison Divisional MD - Boral Divisional MD - Boral Divisional MD - President – Executive Construction Materials Building Products Boral Cement Boral
Slide 8: Strategic Building Blocks for Growth
Dr Bob Every – Annual General Meeting 2011 STRATEGIC BUILDING BLOCKS FOR GROWTH 1 Laying the foundations 2 Reinforcing the core 3 Investing for growth 4 Sector best performance Review & respond, Focus & improve Expand & invest Realise sector best creating a strong assets where Boral through performa
Slide 9: Boral Annual General Meeting 2011 - Mark Selway, Chief Executive
BORAL ANNUAL GENERAL MEETING 2011 Mark Selway, Chief Executive 3 November 2011 Boral Limited – Building something great™ 9
Slide 10: Boral Construction Materials
Mark Selway – Annual General Meeting 2011 BORAL CONSTRUCTION MATERIALS - Performance and key achievements Revenue Var (A$m) FY11 FY10 Var % (A$m) FY11 FY10 % Revenue 2,275 2,119 7 Concrete 1,003 952 5 Revenue Other 6% Concrete EBITDA 294 297 (1) Quarries1 428 400 7 Asphalt 44% 31% EBIT 204 201 1 Asp
Slide 11: Boral Building Products
Mark Selway – Annual General Meeting 2011 BORAL BUILDING PRODUCTS - Performance and key achievements Revenue Var (A$m) FY11 FY10 Var % (A$m) FY11 FY10 % Revenue 1,150 1,206 (5) Plasterboard 395 392 1 Revenue EBITDA 138 158 (12) Plasterboard Clay & Concrete 499 537 (7) 34% EBIT 84 101 (16) Timber 256
Slide 12: Boral Cement
Mark Selway – Annual General Meeting 2011 BORAL CEMENT - Performance and key achievements Revenue Var (A$m) FY11 FY10 Var % (A$m) FY11 FY10 % Revenue 540 512 5 Cement 312 284 10 Revenue Cement EBITDA 150 141 7 Asian Construction 57% 228 228 - Materials EBIT 96 88 9 EBIT ROS 17.8% 17.2% Asian Constru
Slide 13: Boral USA
Mark Selway – Annual General Meeting 2011 BORAL USA - Performance and key achievements Revenue Var (A$m) FY11 FY10 Var % (A$m) FY11 FY10 % Revenue 431 364 19 Cladding1 178 174 2 Revenue Construction Roofing2 Materials & EBITDA (57) (67) 15 Roofing2 89 13 Flyash 21% 38% EBIT (99) (104) 5 Construction
Slide 14: Other Businesses
Mark Selway – Annual General Meeting 2011 OTHER BUSINESSES - Performance and key achievements Revenue Var (A$m) FY11 FY10 Var % (A$m) FY11 FY10 % Revenue 286 294 (3) Windows 155 158 (2%) Revenue De Martin & EBITDA 11 10 12 De Martin & Gasparini 131 136 (4%) 46% Gasparini EBIT 8 6 21 EBIT ROS 2.7% 2.
Slide 15: Scorecard
Mark Selway – Annual General Meeting 2011 SCORECARD - Update since 2010 Annual General Meeting Profit after tax 1 In FY 2011, despite difficult market conditions, the Group delivered net profit after tax ahead of market expectations and 20% above the $173m up 20% prior financial year. Lean Sales & M
Slide 16: LBGA - Acquisition
Mark Selway – Annual General Meeting 2011 LBGA - ACQUISITION Revenue (USD $ million) Plasterboard Demand/GDP per Capita 10 CAGR 10.4% Canada UK Australia Plasterboard Demand per capita France US South Korea Japan (m2 per person – log scale) Spain Germany China Russia Italy 1 Singapore Thailand Mexic
Slide 17: Acquisition Summary
Mark Selway – Annual General Meeting 2011 ACQUISITION SUMMARY Exciting steps for the future development of Boral Increases our exposure to high growth, higher margin sectors which were identified as core in our strategic review. USA Australia Asia Cultured Stone Sunshine Coast Quarries LBGA Wagners
Slide 18: September 2011 Trading Update and Outlook
Mark Selway – Annual General Meeting 2011 SEPTEMBER 2011 TRADING UPDATE AND OUTLOOK It has been a tough start to the financial year, with continued economic uncertainty in the United States and the slower housing starts which we experienced in Australia in the second half of the last financial year