Metro Performance Glass Ltd · NZX:MPG
Metro Performance Glass — First NZ Capital Building & Construction Sector Conference 2015
14 slides from Metro Performance Glass's conference presentation, Feb 5, 2015
Slide 1: Metro Performance Glass
Metro Performance Glass 2015 Building and Construction Sector Conference Nigel Rigby – Chief Executive Officer David Carr – Chief Financial Officer Strictly confidential and not for public release
Slide 2: Disclaimer
Disclaimer This presentation contains not only a review of operations, but also some forward looking statements about Metro Performance Glass and the environment in which the company operates. Because these statements are forward looking, Metro Performance Glass’s actual results could differ materia
Slide 3: Business snapshot
Business snapshot Metro is the leading value added glass provider in New Zealand with >50% share and national coverage through 17 sites, >700 employees and >260 vehicles Key facts Key activities Market leader with >50% share (~2x largest competitor) Cut and Arris National coverage through 17 sites L
Slide 4: New Zealand glass value chain
New Zealand glass value chain Metro Performance Glass has a wide choice of suppliers and fragmented customer base Float glass manufacture Value added glass activities Window manufacturing and glass installation Builders Metro (>50%) ~60% ~350 window manufacturers Asian / global suppliers Others (20
Slide 5: Metro's business model
Metro’s business model Metro’s business model is driven by customised product, short lead times and a broad product range that requires flexible manufacturing equipment and processes Customised product Short lead time New Zealand residential windows are generally Industry standard for delivery of wi
Slide 6: Key market characteristics
Key market characteristics The New Zealand value added glass market is a just-in-time (JIT) market with limited imports New Zealand construction market general expects a high level of customisation Glass orders vary in terms of window size, colour, finishes, etc. (manufacturing Customisation flexibi
Slide 7: Market Update
Market Update Strictly confidential and not for public release
Slide 8: Metro's revenue is growing with consents
Metro’s revenue is growing with consents Metro Revenue vs Housing Consents (9 Month Lag) Comments: 180,000 Sales for 2 months ended 30 September was 13% 170,000 R² = 0.9846 ahead of prior year and 6% ahead of PFI. Metro’s rolling 12 month revenue Current sales continue to trend in line with consents
Slide 9: The commercial pipeline is strong
The commercial pipeline is strong Forward work was building through September with large projects now beginning - effectively reducing forward book. Strictly confidential and not for public release 8
Slide 10: How is Metro Capturing The Opportunity?
How is Metro Capturing The Opportunity? Strictly confidential and not for public release
Slide 11: Our growth strategies centre around 3 interconnected elements
Our growth strategies centre around 3 elements which are interconnected • Expanding capacity is key current demand exceeded our pre upgrade capacity in Christchurch and Auckland. Increased Capacity and • Metro has invested heavily over past 2 years with a Capability +$30M investment which included a
Slide 12: The Auckland start-up is largely on track
The Auckland start-up is largely on track Plant now fully operational except for automated edge working, which is scheduled for a March installation. As expected some start-up issues which we are working through: Not yet at full production Our DIFOT is not where we would like it Capex and restructur
Slide 13: Summary and Q&A
Summary and Q&A Strictly confidential and not for public release
Slide 14: Contact information
Contact information Metro Performance Glass 5 Lady Fisher Place, East Tamaki Auckland 2013 New Zealand http://www.Metro.co.nz/ Nigel Rigby – Chief Executive Officer nigel.rigby@Metro.co.nz (64) 027 703 4184 David Carr – Chief Financial Officer david.carr@Metro.co.nz (64) 027 839 3504 Strictly confid
Metro Performance Glass — First NZ Capital Building & Construction Sector Conference 2015 on 6ix