Boral Ltd.

Boral — Shareholder Meeting (October 2021)

19 slides from Boral's shareholder meeting presentation, Oct 28, 2021

  1. Slide 1: FY2021 AGM: Board of Directors

    FY2021 AGM 28 October 2021 Building a stronger Boral Board of Directors Ryan Stokes Zlatko Todorcevski Peter Alexander Karen Moses Non-executive Chairman CEO & Managing Director Non-executive Director Non-executive Director Deborah O’Toole Paul Rayner Richard Richards Rob Sindel Non-executive Direct

  2. Slide 2: Executive Committee; How to ask written questions

    Executive Committee Zlatko Todorcevski Tino La Spina Rebelle Moriarty Darren Schulz CEO & Managing Director Chief Finance Chief People President & Chief Executive, & Strategy Officer & Culture Officer Boral North America Wayne Manners Amy Jackson Dominic Millgate Kylie FitzGerald Acting Chief Chief

  3. Slide 3: How to ask a question by phone; How to vote

    How to ask a question by phone 1. Call 1800 290 663 (or for International participants phone +61 2 7201 7805) and when prompted enter your unique PIN 2. Please mute your computer and listen to the meeting by phone 3. When the Chairman calls for questions, press ‘Star 1’ 4. When it is time to ask you

  4. Slide 4: Chairman's Address: Commitment to Zero Harm Today

    Chairman’s Address 7 Commitment to Zero Harm Today Boral Australia Recordable injury frequency rates (RIFR)1 Serious harm injury frequency rates (SHIFR)2 Figures may not add due to rounding Comparable data 13.1 MTIFR Potential SHIFR Actual SHIFR 11.9 11.2 11.3 LTIFR 10.5 9.8 10.3 10.0 8.7 8.4 7.4 10

  5. Slide 5: FY21 financial results; Returning capital to shareholders

    FY21 financial results Total operations Continuing operations  Statutory profit after tax $640m, versus loss  Revenue of $2.92b, down 6% of ($1.145b) in FY20  EBIT1 (excluding property) of $157m, up 11%  Net profit after tax of $251m, up 44% on  Transformation benefits of $75m (net of prior yea

  6. Slide 6: Boral's strategy; CEO & Managing Director's Address

    Boral’s strategy  Divestment program has created value for Boral shareholders  Transformation program targets $200$250m of EBIT uplift › Initiatives include cost reductions, network and supply chain optimisation, profitable growth related to sustainability › supported by new operating model  Pro

  7. Slide 7: Boral's renewed strategy; Executive Committee and Leadership structure

    Boral’s renewed strategy There are four pillars of work that define Boral’s strategy A FOCUS Boral’s portfolio and unlock value: divest non- core businesses to strengthen the portfolio from both a strategic and financial perspective B POSITION our core business in Australia to build a competitive an

  8. Slide 8: Transformation; Adopting climate targets aligned with <1.5C pathway

    Transformation Well underway to delivering our targeted $200-$250 million of transformation benefits Indicative Australian transformation timing Transformation target FY21 Gross Transformation $5-10m $125-175m breakdown benefits of $125m includes: $20-30m • Labour $51m • Ops Excellence $40m $15-25m

  9. Slide 9: Decarbonisation pathways; Trading update: impacts of COVID restrictions

    Decarbonisation pathways have been identified 17 Trading update: impacts of COVID restrictions Boral’s 1Q FY2022 concrete volumes relative to prior year Sydney NSW  In 1Q FY22, Sydney Metro 200% 200% concrete volumes were COVID COVID restrictions 26% below last year shutdown 150% 150%  July and Au

  10. Slide 10: 1Q FY2022 Trading Update

    1Q FY2022 Trading Update Significant impacts from COVID lockdowns in 1Q  $33m EBIT impact in 1QFY22 due to COVID disruptions and lockdowns  Concrete volumes down 2% in 1QFY22 relative to 1QFY21, with NSW down 14%  Quarry volumes up ~3% in 1QFY22 benefiting from 3% revenue lift in Asphalt  Overal

  11. Slide 11: Annual General Meeting; Item 1 – Financial Reports

    Annual General Meeting 21 Item 1 – Financial Reports To consider the Financial report, the Directors’ Report and the Auditor’s Report for the year ended 30 June 2021 22

  12. Slide 12: Item 2 – Election of Director

    Item 2 – Election of Director To consider and, if thought fit, to pass the following resolution To elect Richard Richards as an ordinary resolution: as a Director 23 Item 2 – Election of Director Richard Richards Non-executive Director 24

  13. Slide 13: Item 2 proxy results; Item 3 – Remuneration Report

    Item 2 – Election of Director Proxies 97.6% to be cast FOR the resolution* For 810,152,771 Open 1,394,488 Against 19,535,461 * On the basis that open proxies in favour of the Chairman of the Meeting are voted FOR 25 Item 3 – Remuneration Report To consider and, if thought fit, to pass the following

  14. Slide 14: Item 3 – Remuneration Report

    Item 3 – Remuneration Report  Remuneration decisions taken in response to COVID-19 in FY2020 were maintained in FY2021 › salary freeze for executives and salaried employees › freeze on non-executive Director fees › suspension of the Short-Term Incentive award plan for executives and participating e

  15. Slide 15: Item 3 – Remuneration Report: resolution and proxy results

    Item 3 – Remuneration Report To consider and, if thought fit, to pass the following resolution To adopt the Remuneration Report as a non-binding ordinary for the year ended 30 June 2021 resolution: 29 Item 3 – Remuneration Report Proxies 97.9% to be cast FOR the resolution* For 812,448,198 Open 1,34

  16. Slide 16: Item 4 – Awards of LTI rights to Zlatko Todorcevski

    Item 4 – Awards of LTI rights to Zlatko Todorcevski, CEO & Managing Director To consider and, if thought fit, Award of LTI rights to to pass the following resolution as an ordinary resolution: Zlatko Todorcevski, CEO & Managing Director 31 Item 4 – Awards of LTI rights to Zlatko Todorcevski, CEO & M

  17. Slide 17: Item 5 – Potential return of capital to shareholders

    Item 5 – Potential return of capital to shareholders To consider and, if thought fit, to pass the following resolution Potential return of capital to shareholders as an ordinary resolution: 33 Item 5 – Potential return of capital to shareholders Proxies 99.9% to be cast FOR the resolution* For 829,7

  18. Slide 18: Item 6 – Change of Auditor

    Item 6 – Change of Auditor That Deloitte Touche Tohmatsu, having been To consider and, if thought fit, duly nominated by a shareholder of the Company to pass the following resolution as an ordinary resolution: and having consented in writing to act, be appointed as Auditor of the Company 35 Item 6 –

  19. Slide 19: FY2021 AGM: Building a stronger Boral

    FY2021 AGM 28 October 2021 Building a stronger Boral

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