Fletcher Building Limited · NZX:FBU
Fletcher Building — Shareholder Meeting (October 2026)
24 slides from Fletcher Building's shareholder meeting presentation, Oct 21, 2026
Slide 1: Annual Shareholders' Meeting
Annual Shareholders’ Meeting Update picture 21 OCTOBER 2026 Golden Bay – Portland Manufacturing Plant
Slide 2: Important Information
Important Information This presentation has been prepared by Fletcher Building Limited and its group of companies (together “Fletcher Building”) for informational purposes. This disclaimer applies to this document and the verbal or written comments of any person presenting it. This presentation prov
Slide 3: Agenda
Agenda 1. FY26 at a glance Peter Crowley, Chair 2. Operating performance Andrew Reding, Managing Director & CEO 3. Conclusion Peter Crowley, Chair 4. Resolutions Peter Crowley, Chair 5. Thank you Peter Crowley, Chair 3 | Annual Shareholders' Meeting | 21 October 2026 | Fletcher Building Limited
Slide 4: Board of Directors
Board of Directors PETER CROWLEY JAMES MILLER ANDREW REDING CATHY QUINN Chair and Independent Deputy Chair and Independent Managing Director & Independent Non-Executive Non-Executive Director Non-Executive Director Group Chief Executive Officer Director Term of office: Term of office: Term of office
Slide 5: FY26 at a glance
FY26 at a glance Peter Crowley, Chair Update image
Slide 6: FY26 key takeaways
FY26 key takeaways ❶ Steady performance in a tough macro environment ❷ Progressed the execution of our strategy ❸ Strengthened balance sheet, with net debt in target range ❹ Group ROIC improved, but more work to do ❺ Operating cashflows strong, but continue to be impacted by legacy projects 6 | Annu
Slide 7: FY26 financial summary
FY26 financial summary Revenue1 EBIT1,2 EBIT Margin1,2,3 Net Earnings $6.0b $414m 6.9% $228m 7.3% higher than FY25 $85m higher than FY25 vs 5.9% FY25 vs -$419m net loss FY25 Net Cash from Capital Net Operating Activities Expenditure Debt ROIC1,2,3 $715m $288m $637m 5.3% vs $501m FY25 vs $280m FY25 v
Slide 8: Strategy
Strategy We are continuing to execute at pace on the strategy we presented at the Investor Day in June 2025 Strategy Investor Day FY26 • Clear plan with immediate priorities set • Decisive portfolio action, including 1 Urgent action out and next stages identified divestment of Construction, Reinforc
Slide 9: FY26 operational highlights
FY26 operational highlights PlaceMakers’ new Cavendish Drive Frame & Truss plant now operational Firth’s new flagship Auckland batching plant opened in Penrose The Urban Quarry opened a new site in Tamahere, improving cleanfill options for Waikato construction projects Winstone Aggregates Hu
Slide 10: Operating performance
Operating performance Andrew Reding, Managing Director & CEO
Slide 11: Turnaround plan
Turnaround plan FY26 delivered on portfolio simplification, providing a platform for future ROIC improvement Implemented Future Construction Division divested Australian and Steel divisional Assess and execute on growth restructure options inside core divisions Reinforcing & Wire divested
Slide 12: FY26 divisional performance
FY26 divisional performance Improvement in core manufacturing performance; however, ROIC remains below acceptable levels $ Light Heavy Development Building Products Building Materials Distribution Residential (Land Sales) Gross revenue1 $2,305m $2,033m $1,577m $478m $121m 10% from $2,089m 4% fro
Slide 13: Where are the volumes tracking?
Where are the volumes tracking? Q1 FY27 sales volumes ahead of the prior corresponding period in most business units LIGHT BUILDING PRODUCTS VOLUMES1 HEAVY BUILDING MATERIALS AND FRAME & TRUSS VOLUMES2 Rolling 12m average quarterly volumes, Q4 FY19 = 100 Rolling 12m average quarterly volumes, Q4 FY1
Slide 14: Tailwinds and Headwinds
Tailwinds and Headwinds Where in the cycle are we? Residential Commercial Infrastructure 49% revenue exposure 13% revenue exposure 7% revenue exposure House prices remained under near term NZ weak business investment and Supportive, with civil construction, roads NZ pressure, with inventory levels h
Slide 15: Our safety
Our safety Refreshing our commitment to Protect SERIOUS INJURIES Including Construction Excluding Construction • In 2025, we tragically lost one of our colleagues, Max, in a 4 fatal event in Vanuatu (Construction Division). Our 2 2 1 thoughts remain with his family and colleagues FY25 FY26 • The saf
Slide 16: Our customers
Our customers We’re proud of the products and people helping our customers build their future Firth mobilises mobile Iplex AU drives efficient Laminex NZ Calm & PlaceMakers PLUS plants for two major urban infrastructure Cohesive finishes chosen Customer Loyalty wind farms delivery for flagship clini
Slide 17: Our community
Our community Supporting the communities in which we operate Tukapa Rugby & Sports Club received a new roof, via a community Mico team, together with partnership with Dimond our partners, has Roofing, ColorCote, supported Make-A-Wish, Farnsworth Roofing, raising over $450,000 Cunningham Construction
Slide 18: Our environment
Our environment Supporting our local environment and improving our operational sustainability Carbon emissions 76% 86% 21% Leadership Supplier Engagement of revenue from of waste diverted lower vs FY18 baseline1 Sustainably Certified Products from landfill A- A Urban Quarry Golden Bay Cement opened
Slide 19: Hunua Quarry
Hunua Quarry Fast-track approval secures the long-term position of the Hunua quarry within the Auckland market ~3MT ~40MT 10-15 years Up to ~5MT ~225MT Over 50 years Annual Aggregate Estimated Reserve Annual Aggregate Estimated Reserve Production Aggregate Reserves Life Production Aggregate reserves
Slide 20: Conclusion
Conclusion
Slide 21: Conclusion
Conclusion ❶ Steady performance in a tough macro environment ❷ Progressed the execution of our strategy ❸ Strengthened balance sheet, with net debt in target range ❹ Group ROIC improved, but more work to do ❺ Operating cashflows strong, but continue to be impacted by legacy projects 21 | Annual Shar
Slide 22: Resolutions
Resolutions Peter Crowley, Chair Update Image
Slide 23: Resolutions
Resolutions ❶ That Sandra Dodds be re-elected as a director of the Company. ❷ That the directors be authorised to fix the fees and expenses of the auditor. That the Company’s Remuneration Report for the year ended 30 June 2026, as detailed on ❸ the Company’s website, be adopted. 23 | Annual Sharehol
Slide 24: Thank you
@ Fletcher Building Thank you
Fletcher Building — Shareholder Meeting (October 2026) on 6ix