Fletcher Building Limited · NZX:FBU

Fletcher Building — Investor Day (May 2021)

14 slides from Fletcher Building's investor day presentation, May 26, 2021

  1. Slide 1: Fletcher Building Investor Day May 2021

    Fletcher Building Investor Day May 2021 Peter Reidy CE, Construction 26 May 2021

  2. Slide 2: Agenda

    Agenda 1. Introduction, Fletcher Building Overview Ross Taylor 2. Group Financials Bevan McKenzie 3. Safety Wendi Croft 4. Building Products Hamish McBeath 5. Concrete Nick Traber 6. Distribution Bruce McEwen 7. Residential and Development Steve Evans 8. Construction Peter Reidy 9. Australia Dean Fr

  3. Slide 3: Construction: Leading New Zealand Tier 1 Contractor

    Construction Leading New Zealand Tier 1 Contractor è Vertical and horizontal construction offering in New Zealand and South Pacific, with strong heritage brands è Full lifecycle service offering è Specialised self-perform businesses Brands Business Units • Buildings: Major buildings for Government,

  4. Slide 4: The Construction sector matters to New Zealand

    Construction The Construction sector matters to New Zealand Construction Market Size (Work Put In Place FY21) South Pacific Sector Size Fletcher Share Commercial $8.5b c.2% Infrastructure $8.9b c.13% Revenue Split South Pacific $2.3b c.4% South Pacific $19.7b1 c.7% 8% New Zealand 92% 4 Fletcher Buil

  5. Slide 5: Positioned in growth sectors

    Construction Positioned in growth sectors TRANSPORT BUILDINGS THREE WATERS SECTOR SIZE / P.A. SECTOR SIZE / P.A. SECTOR SIZE / P.A. $7-7.5b $8-8.5b $1.5-2.0b è Highway and local road construction è Health – hospital upgrades è Water & wastewater network upgrades è Road maintenance è Defence è Treatm

  6. Slide 6: Current earnings reflective of nil margin legacy work

    Construction Current earnings reflective of nil margin legacy work EBIT ($m)1 EBIT Margin1 (%) Key Non-financial Measures FY19 YTD21 TRIFR2 6.1 4.9 $51m NPS3 34 n/a Engagement 72% 66% Carbon (‘000t)4 42 33 $25-30m 3.0% c.2.2% FY19 FY21F FY19 FY21F 1. Before significant items; FY19 is adjusted for pr

  7. Slide 7: Order book growth rebalanced to lower risk

    Construction Order book growth rebalanced to lower risk $3.3b Order Book è 67% of our order book comprises medium risk style contracts – $0.5b Preferred status including multi-year alliance contracts, programme agreements and - asset maintenance $0.7b è Underpins 75% of forecast revenue for FY22 and

  8. Slide 8: Growth driven by lower risk contracts

    Construction Growth driven by lower risk contracts FY21F Annual Revenue Sector Exposure Major Projects >$100m • Commercial Buildings • Roads • Water 23% Private $0.5b $0.9b 77% Infrastructure Services Local and Central Government • Brian Perry Civil • Higgins • South Pacific 8 Fletcher Building Limi

  9. Slide 9: Our 3-stage roadmap to create value

    Construction Our 3-stage roadmap to create value STRENGTHEN DELIVERY BUILD CAPABILITY AROUND GROW ASSET LIFECYCLE CAPABILITY AND CAPACITY GROWTH CUSTOMERS PRODUCTS + SERVICES • Risk management platform and field tools • Specialised plant and assets • Upskilling people Diversifying revenue, offering

  10. Slide 10: Strengthen delivery capability and capacity

    Construction Strengthen delivery capability and capacity Specialised Plant People Development Digital Platforms è Asphalt è Critical skills è Marine è Apprentices è Trenchless pipelines è Diversity è Training & Development 10 Fletcher Building Limited Investor Day Presentation | © May 2021

  11. Slide 11: Build capability around growth customers

    Construction Build capability around growth customers Watercare Enterprise Model AMETI Kings Road 10-year programme Eastern Busway 2, 3, 4 Fiji Roads Authority ENTERPRISE FLETCHER ALLIANCE FLETCHER CONSTRUCT ONLY MODEL SHARE PROJECT SHARE (VARIOUS PROJECTS) $2.4b $1.2b $500m * Preferred $240m $80m 1

  12. Slide 12: Grow asset lifecycle products and services

    Construction Grow asset lifecycle products and services Asset Management Bituminous Products 12 Fletcher Building Limited Investor Day Presentation | © May 2021

  13. Slide 13: Closing summary

    Construction Closing summary è Reshaped forward order book with growth rebalanced to lower risk è Legacy run-off will largely be completed by the end of FY23 è Strong secured revenue for FY22 è Investing in specialised assets, digital risk management tools, safety leadership and people development p

  14. Slide 14: Questions

    Questions 14 Fletcher Building Limited Investor Day Presentation | © May 2021

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