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Fletcher Building Investor Day 2021 Presentation Download Fletcher Building Investor Day May 2021 26 May 2021 Agenda 1. Introduction, Fletcher Building Overview Ross Taylor 2. Group Financials Bevan McKenzie 3. Safety Wendi Croft 4. Building Products Hamish McBeath 5. Concrete Nick Traber 6. Distribution Bruce McEwen 7. Residential and Development Steve Evans 8. Construction Peter Reidy 9. Australia Dean Fradgley 10. People, Innovation and Sustainability Claire Carroll 11. Concluding Remarks and Q+A Ross Taylor Fletcher Building Limited Welcome and introduction Section Presenter AEST / NZT 1. Introduction, Fletcher Building Overview Ross Taylor 9:00am / 11:00am 2a. Group Financials Bevan McKenzie 9:20am / 11:20am 2b. Q+A Ross Taylor and Bevan McKenzie 9:40am / 11:40am 3. Safety Wendi Croft 10:00am / 12:00pm 4. Building Products Hamish McBeath 10:15am / 12:15pm 5. Concrete Nick Traber 10:45am / 12:45pm 6. Distribution Bruce McEwen 11:15am / 1:15pm 7. Residential and Development Steve Evans 11:45am / 1:45pm 8. Construction Peter Reidy 12:15pm / 2:15pm 9. Australia Dean Fradgley 12:45pm / 2:45pm 10. People, Innovation and Sustainability Claire Carroll 1:15pm / 3:15pm 11. Concluding Remarks and Q+A Ross Taylor 1:40pm / 3:40pm 3 Fletcher Building Limited Investor Day Presentation | © May 2021 Presentations from our Executive Team members Operational Heads presenting HAMISH BRUCE NICK STEVE PETER DEAN McBEATH McEWEN TRABER EVANS REIDY FRADGLEY Chief Executive Chief Executive Chief Executive Chief Executive Chief Executive Chief Executive Building Products Distribution Concrete Residential and Construction Australia Development Functional Heads presenting Functional Heads BEVAN WENDI CLAIRE ANDREW DANIEL McKENZIE CROFT CARROLL CLARKE BEECHAM Chief Financial Chief Health and Chief People and Group General Chief Information Officer Safety Officer Communications Counsel and Officer Officer Company Secretary 4 Fletcher Building Limited Investor Day Presentation | © May 2021 Adjustment of viewing panes and Q&A functionality If you are using a desktop, you can resize any of the viewing panes by grabbing the edge and making it bigger or smaller. You can also move any windows in the same way To send in a question, simply click the “Q&A” tab, type your question and then press “New Question” button 5 Fletcher Building Limited Investor Day Presentation | © May 2021 Mobile device Q&A functionality If you are using a mobile device, tab the menu icon at the top left hand corner to open the panel and tab the “Q&A” icon Enter your question into the text box and tab “New Question” 6 Fletcher Building Limited Investor Day Presentation | © May 2021 Agenda 1. Introduction, Fletcher Building Overview Ross Taylor 2. Group Financials Bevan McKenzie 3. Safety Wendi Croft 4. Building Products Hamish McBeath 5. Concrete Nick Traber 6. Distribution Bruce McEwen 7. Residential and Development Steve Evans 8. Construction Peter Reidy 9. Australia Dean Fradgley 10. People, Innovation and Sustainability Claire Carroll • CEO of Fletcher Building since November 2017 11. Concluding Remarks and Q+A Ross Taylor • Spent career in the Real Estate, Construction, Engineering and Building Products sectors internationally; worked extensively across: New Zealand, Australia, Asia, Europe and the USA • Direct experience across much of the sector value chain, having led businesses with activities in: investment, development, construction, product manufacturing, and resources extraction & operations Fletcher Building Limited Significant NZ and Australia player, focused in the building products and distribution sectors People: c.14,500 External Revenue: NZD c.$8.0 billion NZX/ASX listed: FBU New Zealand Australia South Pacific c.9,100 people c.4,600 people c.800 people External Revenue $5.2b $2.8b $0.1b FY21F NZ Residential 9%4% NZ Commercial 36% 19% NZ Infrastructure AU Residential AU Commercial by Market (%) Market by 17% Total FB Revenue Total 15% AU Infrastructure 8 Fletcher Building Limited Investor Day Presentation | © May 2021 Leading NZ sector exposures with strong market positions and brands New Zealand Market share Sites Gross Revenue Brands Building Products 32%1 c.65 $1.4b 140 points 20%1 $1.7b Distribution of presence Concrete 38%1 c.100 $0.8b #2 largest Residential & Auckland homebuilder $0.7b Christchurch Development 800 homes p.a. Construction 7%1 $1.4b 1. Estimates based on the markets in which we participate, e.g. SME, Commercial, Plumbing, Bathroom, Group Home Builders and 9 Fletcher Building Limited Investor Day Presentation | © May 2021 Retail for PlaceMakers and Mico Australia position smaller but scale in specific sectors Australia Market share Sites Gross Revenue Brands Building Products 29%1 74 $2.8b Distribution 19%1 221 10 Fletcher Building Limited Investor Day Presentation | © May 2021 1. Estimates based on the markets in which we participate, e.g. Plumbing distribution market for Tradelink Having reset the business, delivering performance in FY21, we are strongly positioned for ongoing performance and growth FY19 FY20 FY21 FY22 FY23+ Refocus & stabilise Set up for Performance Ongoing performance & growth performance 11 Fletcher Building Limited Investor Day Presentation | © May 2021 Our strategy is aligned to this next phase of ongoing performance & growth 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 performance Leadership in innovation, Strategic Market leading customer Zero injuries every day Lowest delivered cost of each business in sustainability, and solutions and services Goals industry top quartile growth via disruption Our Focused on Global expertise – Strive for growth Driven by purpose Obsession for customers People operational excellence locally delivered and innovation and values Group Zero Serious Injuries NPS ≥ 55 Engagement ≥ 80% 30% Carbon Reduction Measures DIFOTIS ≥ 98% EBIT Margin ≥ 10% Cash Conversion ≥ 60% ROFE ≥ 15% Values 12 Fletcher Building Limited Investor Day Presentation | © May 2021 DIFOTIS = Delivery In Full On Time On Spec Focus on achieving our vision, anchored by our purpose and values 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 performance Leadership in innovation, Strategic Market leading customer Zero injuries every day Lowest delivered cost of each business in sustainability, and solutions and services Goals industry top quartile growth via disruption Our Focused on Global expertise – Strive for growth Driven by purpose Obsession for customers People operational excellence locally delivered and innovation and values Group Zero Serious Injuries NPS ≥ 55 Engagement ≥ 80% 30% Carbon Reduction Measures DIFOTIS ≥ 98% EBIT Margin ≥ 10% Cash Conversion ≥ 60% ROFE ≥ 15% Values 13 Fletcher Building Limited Investor Day Presentation | © May 2021 Our strategic goals driving us to achieve performance and growth 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 performance Leadership in innovation, Strategic Market leading customer Zero injuries every day Lowest delivered cost of each business in sustainability, and solutions and services Goals industry top quartile growth via disruption Our Focused on Global expertise – Strive for growth Driven by purpose Obsession for customers People operational excellence locally delivered and innovation and values Group Zero Serious Injuries NPS ≥ 55 Engagement ≥ 80% 30% Carbon Reduction Measures DIFOTIS ≥ 98% EBIT Margin ≥ 10% Cash Conversion ≥ 60% ROFE ≥ 15% Values 14 Fletcher Building Limited Investor Day Presentation | © May 2021 Our people are integral to delivery of our strategy 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 performance Leadership in innovation, Strategic Market leading customer Zero injuries every day Lowest delivered cost of each business in sustainability, and solutions and services Goals industry top quartile growth via disruption Our Focused on Global expertise – Strive for growth Driven by purpose Obsession for customers People operational excellence locally delivered and innovation and values Group Zero Serious Injuries NPS ≥ 55 Engagement ≥ 80% 30% Carbon Reduction Measures DIFOTIS ≥ 98% EBIT Margin ≥ 10% Cash Conversion ≥ 60% ROFE ≥ 15% Values 15 Fletcher Building Limited Investor Day Presentation | © May 2021 Key group measures are aimed to deliver financial and non-financial performance and growth 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 performance Leadership in innovation, Strategic Market leading customer Zero injuries every day Lowest delivered cost of each business in sustainability, and solutions and services Goals industry top quartile growth via disruption Our Focused on Global expertise – Strive for growth Driven by purpose Obsession for customers People operational excellence locally delivered and innovation and values Group Zero Serious Injuries NPS ≥ 55 Engagement ≥ 80% 30% Carbon Reduction Measures DIFOTIS ≥ 98% EBIT Margin ≥ 10% Cash Conversion ≥ 60% ROFE ≥ 15% Values 16 Fletcher Building Limited Investor Day Presentation | © May 2021 Confident this strategy positions
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