Boral — Shareholder Meeting (October 2018)
19 slides from Boral's shareholder meeting presentation, Oct 30, 2018
Slide 1: Annual General Meeting 2018
Sydney 30 October 2018 ANNUAL GENERAL MEETING 2018 Board of Directors •Kathryn Fagg •Mike Kane •Peter Alexander •Catherine Brenner •Non-executive •CEO & Managing •Non-executive Director •Non-executive Director Chairman Director •Dr Eileen Doyle •John Marlay •Karen Moses •Paul Rayner •Non-executive D
Slide 2: Executive Committee
Executive Committee Joe Goss Ross Harper Mike Kane Rosaline Ng David Mariner Frederic de Divisional Chief Executive General CEO & Managing Chief Financial President and CEO, Rougemont Executive, Boral Manager, Cement Director Officer Boral North America CEO, USG Boral Australia (reporting to Joe Gos
Slide 3: Chairman's address: FY2018 achievements
Chairman’s address Kathryn Fagg FY2018 achievements Delivering transformation and improved earnings FY2018 vs FY2017 EBITDA1,2 ROFE1,3 from 47% 9.2% NPAT before amortisation Acquisition synergies versus year 1 target of 47% US$30-35m Full year dividend Four-year synergy target 10% 15% 1. Excluding s
Slide 4: Safety performance
Safety performance Employee and contractor RIFR1 (per million hours worked) LTIFR MTIFR Comparable data Employee and contractor recordable 15.5 injury frequency rate1 11.7 (per million hours worked) 10.3 7.3 7.1 7.5 6.6 1.9 1.9 1.8 1.3 1.5 1.9 1.6 FY13 FY14 FY15 FY16 FY17 FY17 PF FY18 1. Recordable
Slide 5: Property earnings
Property earnings Property is managed as an integrated and ongoing feature of Boral Australia’s business Property EBIT contribution ($m) since FY2001 63 Boral has recorded an 56 54 47 47 average EBIT 46 contribution from 37 28 29 32 28 28 28 property of $34 million 24 25 24 per annum 12 8 FY2001 FY2
Slide 6: CEO's Address: Safety performance
CEO’s Address Mike Kane Safety performance Employee and contractor RIFR1 (per million hours worked) LTIFR • On a comparable basis (proforma FY2017) MTIFR Comparable data RIFR1 of 8.7 down from 9.2 with LTIFR of 1.6 versus 1.9 last year • RIFR1 for Headwaters businesses improved 27% year on year to 1
Slide 7: Divisional performance
Divisional performance With three strong divisions, Boral is well positioned for growth and continued improved performance Boral Australia Boral North America USG Boral › A$634 million EBITDA › A$368 million EBITDA, › A$1.5 billion revenue business business compares to A$111 million in (100% of JV)
Slide 8: Boral Australia and Boral North America trading update
Boral Australia 1Q FY2019 trading update › Infrastructure and commercial activity strong and growing; residential moderating in some parts › Dry September quarter but some project delays and Berrima outage › Record October rain days in New South Wales and up through Queensland › Improvement programs
Slide 9: September 2018 rainfalls and USG Boral
September 2018 rainfalls Significantly above average September rainfalls in Texas, the Midwest and the Northeast Divisional Precipitation Ranks September 2018 September 2017 Period: 1895-2018 Period: 1895-2017 Record Much Below Near Above Much Record driest below average average average above wettes
Slide 10: Outlook for FY2019 – largely unchanged
Outlook for FY2019 – largely unchanged • High single digit EBITDA growth in FY2019 excluding property in both years • Including Property in both years, expect EBITDA to be broadly in line with prior year Australia • FY2019 Property earnings expected to be around $20m compared with $63m in FY2018 Bor
Slide 11: Absolute emissions
Long-term performance and sustainability of Boral Boral’s GHG emissions from operations1 • Absolute GHG emissions of 2.60m tonnes CO2-e pa North America Asia Australia (scope 1 & 2) 5% in FY2018 27% since FY2012 Emissions intensity (largely due to Headwaters) 671 million tonnes CO2-e per A$m revenue
Slide 12: Financial Reports; Election and Re-election of Directors
Item 1 – Financial Reports To consider the Financial Report, the Directors’ Report and the Auditor’s Report for the year ended 30 June 2018. 23 Item 2 – Election and Re-election of Directors Item 2.1 To elect Peter Alexander as a Director To consider and, if “That Peter Alexander, who retires in acc
Slide 13: Peter Alexander proxy results
Peter Alexander Item 2.1 To elect Peter Alexander as a Director Proxies % to be cast FOR the resolution* For 750,668,530 Open 5,398,445 Against 423,299 99.7% * On basis open proxies in favour of the Chairman of the Meeting are voted FOR 26
Slide 14: Re-elect John Marlay
Item 2 – Election and Re-election of Directors Item 2.2 To re-elect John Marlay as a Director To consider and, if “That John Marlay, who retires in accordance with clause thought fit, to pass the 6.3(b) of the Company’s Constitution, being eligible, be following resolution as elected as a Director o
Slide 15: John Marlay results; Remuneration Report
Item 2.2 To re-elect John Marlay as a Director Proxies % to be cast FOR the resolution* For 749,859,111 Open 5,231,937 Against 1,485,361 99.5% * On basis open proxies in favour of the Chairman of the Meeting are voted FOR 29 Item 3 Remuneration Report To consider and, if thought fit, to pass the “To
Slide 16: Remuneration Report results; Award of rights to CEO
Item 3 Remuneration Report Proxies % to be cast FOR the resolution* For 669,914,411 Open 5,009,371 Against 64,400,654 91.0% * On basis open proxies in favour of the Chairman of the Meeting are voted FOR 31 Item 4 Award of LTI and deferred STI Rights to Mike Kane, CEO & Managing Director To consider
Slide 17: Item 4 results; Proportional Takeover Approvals
Item 4 Award of LTI and deferred STI Rights to Mike Kane, CEO & Managing Director Proxies % to be cast FOR the resolution* For 737,280,189 Open 4,905,744 Against 13,412,789 98.0% * On basis open proxies in favour of the Chairman of the Meeting are voted FOR 33 Item 5 Proportional Takeover Approvals
Slide 18: Item 5 results and Disclaimer
Item 5 Proportional Takeover Approvals Provisions Proxies % to be cast FOR the resolution* For 748,179,662 Open 5,145,294 Against 2,170,824 99.4% * On basis open proxies in favour of the Chairman of the Meeting are voted FOR 35 Disclaimer The material contained in this document is a presentation of
Slide 19: Annual General Meeting 2018
Sydney 30 October 2018 ANNUAL GENERAL MEETING 2018