Slide 1: Half Year Results Presentation
€e FletcherBuilding Half Year Results Presentation 11 February 2004
Slide 2: This Half Year Results presentation dated
This Half Year Results presentation dated 11 February 2004 provides additional comment on the media release of the same date. As such, it should be read in conjunction with and subject to the explanations and views of future outlook on market conditions, earnings and activities given in that release
Slide 3: WS SENSE aS WRENN SES aS EEE
WS SENSE aS WRENN SES aS EEE ——— em Ee er r— —e——— i re = | = =e . S SS == see : Se SE Ss RS 8 eS SS ——-="™=—=_ eS -— — &;»4|j eS eS _——————— |] .ChCr—O—O
Slide 4: Soe = ES NGO CGR a a = ee - SELES NSS OE ES
Soe = ES NGO CGR 0 a a = ee - SELES NSS OE ES EEN TEES Serr sr—s—esesrsm — sSsemkmrsmsmsmssa ( sesesseeSOSsSS Soe . OS — 4 eNO =mN ee Sr C
Slide 5: ss Sas SO SSS
ss Sas SO SSS SS lrlrr—rr—“‘ise>~ss”smr-erm—mmCtCmCmCcCC rh CO Nr—“—O Cl S IA INS Sr rr—es— =
Slide 6: = SSS SS ESS = ESE a SRE GS RNS SE STREETS
= SSS SS ESS = ESE a SRE GS RNS SE STREETS ree a Bw
Slide 7: Hn fi Ay ee
i) Hn fi Ay ee i i ~*~ a LB HE esas a
Slide 8: MES SSE ENS
MES SSE ENS S = NNN ae a @ lil ¢
Slide 9: 22. Sr eee
22. Sr eee 2. 0 #|=- & «| SNe FF
Slide 10: Se Se ee RE OE i= SSS SSE IS
Se Se ee RE OE i= SSS SSE IS Se as ~~ as OUT SCT See ee 4 = ~~ mo Bh Sl EE |Cr”r”™”,,.,CrCrCi<iC(‘(C@CséCOCOCOC#CO”C;C;C;zC;CC’(C(CUCG
Slide 11: se SOS
Se =) se SOS |
Slide 12: SSRN RNG CGO SS
SSRN RNG CGO SS OO ee Say ERE
Slide 13: SON ERE at Ss SPSS NNSA SESS
SON ERE at Ss SPSS NNSA SESS Sr eee = |
Slide 14: == Frc wdlLlLrc rr rr CC
rr = . == Frc wdlLlLrc rr rr CC Be — =
Slide 15: SHES NSE SSS
SHES NSE SSS ENS SNES SSS Ss oo = ae FRR RSS NO
Slide 16: a I SENSES GE
a I SENSES GE = = > = = BN
Slide 17: = Sea SSS SSS ASSESS
= Sea SSS SSS ASSESS - 6 = SA AID SRS SERN SN AS = 2 fe fe ee OO ee = LLUrD,Cr*~—*~—C*“‘COi*#;Ci‘(‘(‘j‘S
Slide 18: Laminex
Slide 19: Mw SN RGSS VC]
Mw SN RGSS VC] Srr———C—“=“‘“‘RRNOOUUmUmUmUmUmUmUmUmUmmese SSS RSIS
Slide 20: Se ee = = ERE ge Se | TREN = Fee USERS SERN SSE
Se ee = = ERE ge Se | TREN = Fee USERS SERN SSE SEINE SSNS NERS ESET UST ee SS ee ees—r—“—“—i—iCr — oe Say Fe —-—-— 4 Se SS ena
Slide 21: Total Shareholder Return
is KOs apenas: iff icailliiniae IHR Oy BOM eo PROPANE VAS ARE) Heed Ve AMU DSC) NIRS age gee ey a z Oe ae 7 Ke, | ee Zi, LI ey a i a i BO es ey, yy ae te 0 Pe TE TARO SS Sei, | ae Le gee 5 tic Ve eae iJ eee Y hee GE EEE. WW ies q ae Bu He I A IE yy Tae jf Rat yy Dy Be ei i Ft FZ LL EGO UE OYE GI OIL
Slide 22: Net Debt / Debt Plus Equity
| TRUS I Reap TAR AS Aan 227) NAVA Cs60e<f CAGE Le Ui Yom aati ay EH eae RS MNO MOL Aan Kesey e Ee =| ie ye ee, a oy Mes i EO ie Ce GY Lo ey La ee EMU MRIS EEL. ee Ue ye & » » ~~—ChCl 2 Ee EE EE | ee ee ee, PO er TR Oe oe faa o ee niE Ay’ Rat i 1S Cy a og eee i ¥ ; OM IEE Bon a i s.. MMC EO) oe oe s
Slide 23: WH Wi We ag
WH Wi We ag y Hy, He __ li fe i lal Cay ) 7 Dy = SES Wy, We ye 7 . 7 Gees i Wien CEO aa a Ve en To a) BUG y Ly Ty We, Ly Me iy se WM )) i) —— Hy . _ LL Yaa 7 Hy y a Ms LEN ah yy ea Wik Wi Aine Ta CG arn, ng. sandintoao tadthungaaamaattannsa ah nds oa) nich Hsia ial ad re car pital a te ini aia sh ve
Slide 24: afi see
afi see AA —hhi ee TN JN ic Mi ya AM MMM MM AM IMM Abe a GAN lh 2). ; Mn Wi i Jun 01 tee, Hg ise Vy) 7 yy YY ye Mi y o My ae iy . gy Jun 02 Jun 03 Dec 03 7 . _ - ioe Li 4 . . iil Wey Wy ie Ui YUU G0 i) Ac blll 7 Ly y oe iene eo Ba i) ies a ip y . La fey ee Tu ig i Wy ) - deferred texas ‘Fletcher pan
Slide 25: Interest cover
SURG RTS TINY I Sa ANSEL OL LMI RURAL» alt ie SO EU OEE SEITE DE, Boe ee 5 LD. VE ey 2 BOT BNE SE eh ee, i i eee a Be ER CTR MOSAIC SRS ert eae Nr Cee a Ratio La a, ey (gn hi ae ee aa eee .e ¥ Ly | MAO. a Dee e' u CL a Ee TE TE jy Rat ITT STS RL UME EE MOE | Zz @8&°&°§=€=§=~©~=~ =~ —hCOCCOCOC GE MO
Slide 26: SSS USNS SS ERIN SEES TSE SESS ENTS
~~ SSS USNS SS ERIN SEES TSE SESS ENTS << a RN ee NS NRCC . SC os | SS Sti —— “OA = SS NS Boe Se
Slide 27: Operational & Strategic Update
Slide 28: Ee STS Se SESS RS ESE RE
Ee STS Se SESS RS ESE RE SN \ SS Z CO —rrr—OM—~—“—~——sSC SP rr Se SS See 2 SS = So SS = ee = a eT SS
Slide 29: = NEREING eS ESN Se eT RRR ee RRND NUNES OES CRN TTS
= NEREING eS ESN Se eT RRR ee RRND NUNES OES CRN TTS ON NN = 2 = Wee Ss SS SSS ONG sa] SS r—“ Oe SSS (i j . RS