Boral — Shareholder Meeting (November 2010)
11 slides from Boral's shareholder meeting presentation, Nov 4, 2010
Slide 1: Boral Annual General Meeting 2010
BUILDING SOMETHING GREAT Boral Annual General Meeting 2010 Presented by Dr Bob Every, Chairman, 4 November 2010 DR BOB EVERY – ANNUAL GENERAL MEETING 2010 Financial Highlights Revenue Net debt $4.6bn $1.2bn Down 6% down from $1.5bn Profit Gearing after tax1 (D/E) $132m 45% Up marginally down from 55
Slide 2: Capital Raising and Shareholder Returns
DR BOB EVERY – ANNUAL GENERAL MEETING 2010 Capital Raising Boral undertook an equity raising of approximately $490 million through a fully underwritten 1 for 5 accelerated renounceable pro rata entitlement offer: - 92% take-up from institutional investors - 40% take-up from retail investors This
Slide 3: Safety & Sustainability; Boral Board
DR BOB EVERY – ANNUAL GENERAL MEETING 2010 Safety & Sustainability Employee LTIFR* Contractor LTIFR* 3.1% 7.3% 2.8% 2.5% 5.7% 5.7% 2.1% 1.8% 2.4% 2.3% FY06 FY07 FY08 FY09 FY10 FY06 FY07 FY08 FY09 FY10 * per one million hours worked Before After 5 DR BOB EVERY – ANNUAL GENERAL MEETING 2010 Boral Boar
Slide 4: Boral Executive Team; Strategic Building Blocks for Growth
DR BOB EVERY – ANNUAL GENERAL MEETING 2010 Boral Executive Team Mark Selway Chief Executive Murray Read Ross Batstone Mike Beardsell Mike Kane Warren Davison Divisional MD - Boral Divisional MD - Boral Divisional MD - President – Executive Construction Materials Building Products Boral Cement Boral
Slide 5: Boral Construction Materials – FY10 Performance
BUILDING SOMETHING GREAT Boral Annual General Meeting 2010 Presented by Mark Selway, 4 November 2010 9 MARK SELWAY – ANNUAL GENERAL MEETING 2010 Boral Construction Materials – FY10 Performance QEU 3% (A$m) 2010 2009 %∆ Quarries 20% Revenue 2,119 2,261 (6) Asphalt 32% EBITDA 297 331 (10) EBIT 201 231
Slide 6: Boral Building Products – FY10 Performance
MARK SELWAY – ANNUAL GENERAL MEETING 2010 Boral Building Products – FY10 Performance Asia JV1 Plasterboard 16% (A$m) 2010 2009 %∆ 28% Revenue 1,206 1,137 6 Timber 19% EBITDA 158 110 44 Bricks Masonry 20% EBIT 101 53 90 8% Roofing 9% ROFE 7.7% 3.9% Revenue breakdown Clay & Concrete Products Operating
Slide 7: Boral USA – FY10 Performance
MARK SELWAY – ANNUAL GENERAL MEETING 2010 Boral USA – FY10 Performance Construction (A$m) 2010 2009 %∆ Materials 21% Revenue 364 545 (33) Bricks 43% EBITDA (67) (61) (11) Fly Ash 22% EBIT (104) (109) 5 Roofing1 14% ROFE (15.2%) (13.4%) Revenue breakdown Bricks Operating Structure Realigned to increa
Slide 8: Laying the Foundations – Portfolio Review
MARK SELWAY – ANNUAL GENERAL MEETING 2010 Strategic Review Building Something Great 15 MARK SELWAY – ANNUAL GENERAL MEETING 2010 Laying the Foundations – Portfolio Review Conducted detailed review of the market and Boral’s position in it: Market Attractiveness vs Ability to Compete High ACM & Cement
Slide 9: Simplifying the Organisation; Asset Impairments
MARK SELWAY – ANNUAL GENERAL MEETING 2010 Laying the Foundations – Simplifying the Organisation ACM Cement Plasterboard Clay & Timber USA CRB Concrete Products Mark Selway Chief Executive Murray Read Mike Beardsell Ross Batstone Mike Kane Warren Davison Boral Boral Boral Boral Boral Construction Cem
Slide 10: Priorities for FY11; Scorecard FY10
MARK SELWAY – ANNUAL GENERAL MEETING 2010 Priorities for FY11 – The Strategic Building Blocks for Growth Ensure the operational changes are robustly implemented Focus on innovation and development of great new products 1. Laying the foundations LEAN and Sales & Marketing excellence initiatives
Slide 11: Q1 Trading Update and Outlook
MARK SELWAY – ANNUAL GENERAL MEETING 2010 Q1 Trading Update and Outlook Continued economic uncertainty in the United States and wetter than usual conditions holding back progress in many of our key Australian markets. Boral Construction Rain has affected our principal concrete market. Materials