Fletcher Building Limited · NZX:FBU
Fletcher Building — Investor Day (June 2022)
17 slides from Fletcher Building's investor day presentation, Jun 22, 2022
Slide 1: Fletcher Building Investor Day June 2022
Fletcher Building Investor Day June 2022 Building for tomorrow 22 June 2022
Slide 2: Outline for today
Outline for today Session 1 Divisional expos Session 2 Presentations and Q&A (Hybrid) Session 3 Site visits Session 4 Evening event Fletcher Building Limited
Slide 3: Fletcher Building – Building for Tomorrow
Fletcher Building – Building for Tomorrow Section Presenter AEST / NZT Duration 1. Building for tomorrow Ross Taylor / Bevan McKenzie 8:00am / 10:00am 55 mins 2. Building Products Hamish McBeath 8:55am / 10:55am 20 mins 3. Distribution Bruce McEwen 9:15am / 11:15am 20 mins Coffee break 9:35am / 11:3
Slide 4: A scale NZ & Australia in-country manufacturer of building products
A scale NZ & Australia in-country manufacturer of building products with complementary distribution, development & construction businesses Australia New Zealand FY22F $2.8b Rev $115m EBIT 4,600 people FY22F $6.5b Rev $635m EBIT 9,100 people Nationwide but East Coast focus Nationwide presence B
Slide 5: NZ plasterboard market likely back in equilibrium by October 2022
It is likely the New Zealand Plasterboard market will come back into equilibrium by October 2022 Plasterboard market volumes were being met to customers up to August 2021 WWB Average Daily Orders (sqm) Following the Auckland lockdown, industry shortages across a range of key building supplies in
Slide 6: New WWB plant at Tauriko opens in 2023
New WWB plant at Tauriko opens in 2023 and will add an extra 30% of capacity to the NZ market New plant was approved in 2019 when consents were running at 35,000 p.a. vs. the current level of c.50,000 p.a. Tauriko plant on track for a May 2023 opening Plant was delayed by around 12 months due to
Slide 7: Our vision, purpose and strategic goals will continue to underpin our journey
Our vision, purpose and strategic goals will continue to underpin the next steps of our journey… Vision To be the leader in New Zealand and Australian building products and solutions Purpose Improving the world around us through smart thinking, simply delivered Economic Leadership Market leading per
Slide 8: Confident of strong growth and improved through-the-cycle performance
… which we are confident can deliver strong growth at present market levels and materially improve through-the-cycle performance FY22F Medium-term targets at current market levels Significant pipeline of growth EBIT1 c.$750m investments in adjacencies + $150-300m Continued push to higher margin
Slide 9: Proven & capable leadership team (1/2)
Our confidence is underpinned by a proven & capable leadership team which continues to grow & evolve in line with our aspirations (1/2) Operational Leaders International design & International distribution & Distribution sector construction experience manufacturing sector experience across mul
Slide 10: Proven & capable leadership team (2/2)
Our confidence is underpinned by a proven & capable leadership team which continues to grow & evolve in line with our aspirations (2/2) Fletcher Building Group Team Global career in engineering, Successful development & Leading & driving Protect construction, building delivery of comprehensive
Slide 11: Experienced GM team and progress across people metrics
This is further reinforced by an experienced GM team and good progress across all people metrics Employee Engagement Rating1 82% engagement across a stable team of General Managers General Managers (GMs), which has been in place & driven the business reset 82% 78% 76% 72% +300bps improvement in
Slide 12: Good progress on safety
Leadership in Market leading Economic performance Strategic innovation, Zero injuries every day customer solutions Lowest delivered cost of each business Goals sustainability, and and services in industry top quartile growth via disruption We are making good progress on safety and getting everyone h
Slide 13: Driving market leading customer solutions and services
Leadership in Market leading Economic performance Strategic innovation, Zero injuries every day customer solutions Lowest delivered cost of each business Goals sustainability, and and services in industry top quartile growth via disruption We are driving market leading customer solutions and service
Slide 14: Relentless focus on operational improvements will continue
Leadership in Market leading Economic performance Strategic innovation, Zero injuries every day customer solutions Lowest delivered cost of each business Goals sustainability, and and services in industry top quartile growth via disruption Our relentless focus on operational improvements will contin
Slide 15: Driving economic performance to be in industry upper quartile
Leadership in Market leading Economic performance Strategic innovation, Zero injuries every day customer solutions Lowest delivered cost of each business Goals sustainability, and and services in industry top quartile growth via disruption We are driving economic performance of each business to be i
Slide 16: Growth opportunities from sustainability, innovation and disruption trends
Leadership in Market leading Economic performance Strategic innovation, Zero injuries every day customer solutions Lowest delivered cost of each business Goals sustainability, and and services in industry top quartile growth via disruption We have a compelling suite of growth opportunities in front
Slide 17: Our strategy positions us well to drive shareholder value
Our strategy positions us well to drive shareholder value in the short- and long-term 01 02 03 04 05 Significant Plans and Established Strong Well-positioned near-term runway for pipeline of enduring for macro profit growth further margin growth financial trends improvement investments – position