Fleetwood Limited · ASX:FWD

Fleetwood — Shareholder Meeting (October 2026)

31 slides from Fleetwood's shareholder meeting presentation, Oct 27, 2026

  1. Slide 1: 2026 Annual General Meeting Chairman's and CEO's Address and Presentation

    27 October 2026 2026 ANNUAL GENERAL MEETING CHAIRMAN’S and CEO’S ADDRESS and PRESENTATION In accordance with ASX Listing Rule 3.13.3, Fleetwood Limited (ASX: FWD) (Fleetwood) is pleased to release the speeches and presentation to be delivered at Fleetwood’s 2026 Annual General Meeting (AGM) by our C

  2. Slide 2: Chairman's Address

    CHAIRMAN'S ADDRESS Good afternoon, ladies and gentlemen, and welcome to the 2026 Annual General Meeting of Fleetwood Limited. My name is John Klepec, and I am the Chairman of the Company. As with previous years, we are holding today's AGM in a hybrid format and I thank you all for your attendance, b

  3. Slide 3: Chairman's Address: housing construction costs and productivity

    generations, major project cost explosions and builder's insolvencies are now everyday headlines. These concerns are valid, but when you strip it back the fundamental problem is the cost of construction in Australia. Three decades ago, when I worked for a major homebuilder in Perth, an average house

  4. Slide 4: Chairman's Address: Building Solutions and Community Solutions

    We also expect to make greater use of joint ventures and other collaborative arrangements to move at the required pace, contain costs and accelerate industrialisation. Given its historical earnings, the market currently ascribes no value to Building Solutions—and understandably so. The Board and man

  5. Slide 5: Chairman's Address: thanks and outlook

    Since Andrea’s arrival, we have acted decisively to simplify the Group, sharpen our operational focus and position the business for long-term growth. These achievements would not have been possible without the dedication and hard work of our people. On behalf of the Board, I sincerely thank all our

  6. Slide 6: CEO's Address: FY26 results overview

    We now have a more streamlined organisation with an expanded Community Solutions business, a lower cost Building Solutions business, and we have completely exited the RV segment. These decisions position us for long-term sustainable earnings growth. Our FY26 financial results reflected contrasting p

  7. Slide 7: CEO's Address: Building Solutions performance

    Then margin compression in the second half. We also had significant costs incurred from a legacy project. While revenue grew in Victoria, South Australia and West Australia, it declined overall in the first half compared to the same period of FY25. In Queensland, revenue was down in the first half d

  8. Slide 8: CEO's Address: RV result and FY27 outlook

    Notwithstanding the challenging conditions, the RV business made a positive underlying EBIT of $1.7m in FY26, the two business sales achieved $14.3million in proceeds and a further tax benefit of $4m will be realised across FY27 and FY28. Now to our outlook for FY27. The tough but necessary decision

  9. Slide 9: CEO's Address: FY27 first half and priorities

    The first half of FY27 continues to be impacted by Smithfield costs and the lower margin projects carried over from FY26, which will produce a first half FY27 loss consistent with the outcome in second half FY26. We expect Building Solutions to return to profitability for the second half of FY27. We

  10. Slide 10: CEO's Address: Modular Manufacturing and leadership

    Earlier this year, we restructured our manufacturing operations into a national Modular Manufacturing division. This was a key enabler for closing Smithfield. We have brought in new talent with manufacturing expertise to run our facilities and now have a balance of building and manufacturing capabil

  11. Slide 11: CEO's Address: people and capability

    We have many highly experienced and capable employees, who are committed to Fleetwood, to our customers and to the school kids, the teachers, the families, the workers and the communities that we serve. We are also bringing in new leaders to lift core capabilities across construction, manufacturing,

  12. Slide 12: CEO's Address: closing thanks

    I would like to take this opportunity to recognise the Smithfield and Camec teams, who did an incredible job ensuring that the complex site closure and business sale projects were completed professionally, to plan within very tight timeframes, with compassion for their colleagues and without major i

  13. Slide 13: Annual General Meeting 2026

    2026 Annual General Meeting 27 October 2026 1

  14. Slide 14: Acknowledgement of Country

    Artwork by Garry Purchase (Dharawal, Bidjigal and Dhungutti) Acknowledgement of Country Fleetwood acknowledges the Traditional Custodians of the lands on which we operate, live, and gather across Australia. We pay our respects to Elders past, present, and emerging, and recognise their continuing con

  15. Slide 15: Board and Executives

    Board and Executives John Klepec Jeff Dowling Adrienne Parker Non-Executive Director, Non-Executive Director, Non-Executive Director, Board Chair Chair of Audit Committee Chair of Sustainability Committee Mark Southey Martin Monro Samantha Thomas Andrea Pidcock Non-Executive Director, Non-Executive

  16. Slide 16: Chair's address

    Chair’s address MR JOHN KLEPEC BOARD CHAIRMAN, NON–EXECUTIVE DIRECTOR fleetwood.com.au Logan Special School, logan Central QLD

  17. Slide 17: CEO's address

    CEO’s address MS ANDREA PIDCOCK CHIEF EXECUTIVE OFFICER fleetwood.com.au MCC QBuild Housing, Mackay QLD

  18. Slide 18: Growth organisation with two core businesses

    Growth organisation with two core businesses 1. COMMUNITY SOLUTIONS 2. BUILDING SOLUTIONS Leader in operating and managing high-quality accommodation Modular builder with end-to-end delivery of projects across villages. education, housing, resources, infrastructure and government. fleetwood.com.au 6

  19. Slide 19: Overview FY26

    Overview FY26 Underlying* Community Solutions Full Year Dividends EBIT EBIT Fully Franked $35.6m $50.0m 19.0 cps Free Cash Building Solutions Building Solutions Flow Underlying* EBIT Order Book $35.9m -$8.7m $156m June 26 Up $56m on June 25 * Underlying EBIT excludes non-recurring restructuring cost

  20. Slide 20: Community Solutions

    Community Solutions • Searipple Village occupancy of 96%, underpinned by $ Million FY26 FY25 Var investment in regional projects, drove a record EBIT of Occupancy % 96% 84% 12% $50.0m. Revenue 93.8 76.9 16.9 • Contracted with RioTinto until April 2027. EBIT 50.0 39.2 10.8 • RioTinto is expected to a

  21. Slide 21: Strategic Red Dog Village acquisition

    Strategic Red Dog Village acquisition SEARIPPLE • The acquisition of Red Dog Village in Karratha provides a modern, high-quality accommodation facility with 2,169 rooms. • The acquisition cost is $20m and will be funded through a term debt facility, maintaining balance sheet flexibility. • Depending

  22. Slide 22: Building Solutions

    Building Solutions • Revenue increases in VIC, SA and WA were offset by $ Million FY26 FY25 Var declines in QLD and NSW Revenue 323.5 356.2 -32.7 - QLD was lower in 1H26 due to delays in large projects EBIT -24.1 11.0 -35.1 being awarded. Restructuring costs 15.4 - -15.4 • H2 Margins were down drive

  23. Slide 23: RV Solutions

    RV Solutions • RV Solutions remained profitable despite market $ Million FY26 FY25 Var headwinds. Revenue 55.9 70.6 -14.7 • Local manufacturing was closed in 1H FY26 incurring EBIT -12.5 -13.8 1.3 restructuring costs of $4.8m. Restructuring costs 14.2 11.0 -3.2 • Northern RV was divested in February

  24. Slide 24: Outlook for FY27

    Outlook for FY27 Successful portfolio simplification positions Fleetwood for growth in FY27 COMMUNITY SOLUTIONS BUILDING SOLUTIONS STRONG BALANCE SHEET • Pilbara project pipeline of over $30 • Positive market conditions driven by: • Closing cash of $61.5m. billion. - National housing shortfall • Fre

  25. Slide 25: Building Solutions can grow nationally where we have proven capability

    Building Solutions can grow nationally where we have proven capability Segment Segment detail QLD NSW VIC SA WA Government/Public Education Private school Government/Social Affordable Housing Lifestyle Communities Resources Mining and Renewables Commercial Infrastructure/Project buildings Defence De

  26. Slide 26: Three key focus areas

    Three key focus areas Achieve sustained profitability and 1 growth in Building Solutions Complete the Red Dog Village 2 acquisition and expand Community Solutions model 3 Lift capability and culture fleetwood.com.au Monash University Independent Living Laboratory, VIC

  27. Slide 27: Achieve sustained profitability and growth in Building Solutions

    Focus 1 Achieve sustained profitability and growth in Building Solutions STRENGTHEN THE FOUNDATIONS BUILD COMPETITIVE ADVANTAGE • Strengthen project governance • Apply manufacturing disciplines to building - Centralised to a national Modular Manufacturing division • Tighten controls - Recruited manu

  28. Slide 28: Complete the Red Dog Village acquisition and expand Community Solutions model

    Focus 2 Complete the Red Dog Village acquisition and expand Community Solutions model DELIVER RED DOG VILLAGE UNLOCK GROWTH • Finalise approvals and complete the transaction. • Secure long-term tenure at Red Dog Village to enable Searipple Village residential conversion. • Prepare for operational ha

  29. Slide 29: Lifting capability and culture

    Focus 3 Lifting capability and culture STRENGTHEN CAPABILITY BUILD A HIGH-PERFORMANCE CULTURE • Refreshed regional leadership. • Listen to our employees and respond to their feedback. • Recruited critical skills in sales, manufacturing, construction and technology. • Build a collaborative, high-perf

  30. Slide 30: Summary: Fleetwood well positioned for growth

    Summary: Fleetwood well positioned for growth Focused and A larger Community Solutions business, a leaner Building Solutions operation, 1 streamlined business and a complete exit from the RV segment. Attractive and growing Positioned well to address strong demand across housing, education, 2 markets

  31. Slide 31: Important notices and disclaimer

    Important notices and disclaimer The information contained in this presentation is provided by Fleetwood Limited ACN 009 205 261 (Fleetwood) for informational purposes only and does not constitute an offer, invitation or recommendation to subscribe for or purchase any securities and neither this pre

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