Fletcher Building Limited · NZX:FBU
Fletcher Building — Investor Day (June 2025)
9 slides from Fletcher Building's investor day presentation, Jun 24, 2025
Slide 1: OSB and FOSB: The future of engineered wood products
OSB and FOSB The future of engineered wood products JUNE 2025
Slide 2: What is OSB and FOSB?
What is OSB and FOSB? Oriented strand board (OSB) OSB is a reconstituted wood panel formed by layering wood strands together at specific orientations to achieve structural properties of plywood at a reduced manufacturing cost Fine OSB (FOSB) FOSB is a wood panel with an OSB core and ‘fine’ surface l
Slide 3: Why OSB?
Why OSB? OSB is a ubiquitous building product in North America and Europe, on par with structural plywood. In Asia, OSB consumption is rapidly growing (10yr CAGR: 28%) and displacing structural plywood as observed in other geographies North America Europe Asia 30 12 100 20 90 18 25 10 80 16 Plywood
Slide 4: Why FOSB?
Why FOSB? FOSB is intrinsically superior to PB and MDF in most properties Material Particleboard FOSB MDF FOSB advantages over PB Prone to edge FOSB & MDF FOSB & MDF Processing Machine impact Strength, stiffness and moisture resistance breakout Similar Similar Fabricator | Joiner No added formal
Slide 5: Supportive macro construction trends
Supportive macro construction trends Key construction sector trends are driving increased demand and intensity of construction wood panels New Zealand Residential Construction by Typology 100% Insights: 8% 90% 20% Increasing demand of multi-unit residential construction 80% leading to increased fl
Slide 6: Plant overview – Laminex Taupō
Plant overview – Laminex Taupō Leading investment in the New Zealand wood panels manufacturing industry New plant will utilise advanced technology to produce a wide range of quality, cost competitive and superior products with diverse applications in furniture, joinery and the broader construction
Slide 7: Manufacturing process
Manufacturing process Raw Wood Gluing Forming & Finished Process Materials Processing Drying Pressing Finishing Product MDF Fibre Distribution Density is important Fibre Pulp log & Residues Refine Flaking PB Milling Residues Mill Particle Classification FOSB OSB Stranding Pulp log/Residues Strand St
Slide 8: Product innovation pipeline
Product innovation pipeline The new plant will enable the development of a wide range of engineered wood products Expanded flooring Rigid Air Barrier, Roof High Performance & Wall systems / SIPs and structural range Strand lumber Sheathing Solid Core Doors Up to 40mm thickness Large format panel
Slide 9: Delivery programme
Delivery programme Plant nearing completion, 1st board targeted in early FY27 FY26 FY27 FY28 Construction completion Plant commissioning Core product range development Sales opportunities & development for domestic / export markets BRANZ / Codemark accreditation Development of product range extensio