Fleetwood Limited · ASX:FWD
Fleetwood — FY2016 Earnings Presentation
14 slides from Fleetwood's earnings presentation, Aug 30, 2016
Slide 1: FY 2016 Full Year Results
Teleconference 30 August 2016 12:00pm AWST, 2:00pm AEST Dial-in 1800 558 698, Conference ID 380 628 FY 2016 Full Year Results
Slide 2: Group Structure
Group Structure Accommodation Recreational Vehicles Division Division Manufactured Accommodation Parts and Accessories Affordable Housing Camec Education Flexiglass Commercial Bocar Village Operations Recreational Vehicle Manufacturing Searipple Village Coromal Osprey Village Win
Slide 3: Segment Performance
Segment Performance EBIT as per Segment Adjustments ($m) Underlying Trading Segment Note ($m) EBIT ($m) 2016 2015 2016 2015 2016 2015 RV Manufacturing (8.1) (7.6) - - (8.1) (7.6) Parts & Accessories 0.9 0.6 - - 0.9 0.6 Manufactured Accommodation 3.6 (3.6) - - 3.6 (3.6) Village Operations 7.9 18.4 -
Slide 4: Financial Performance
Financial Performance Group Revenue ($m)* Underlying EBIT ($m)* 343.8 312.2 263.4 287.2 11.1 2.4 0.7 2013 2014 2015 2016 2013 2014 2015 2016 -3.9 Net Cash (Debt) ($m) Capital Employed ($m) 270.4 269.9 246.0 183.2 3.1 2013 2014 2015 2016 2013 2014 2015 2016 (32.0) *Group Revenue & Underlying EBIT exc
Slide 5: Recreational Vehicle Manufacturing
Recreational Vehicle Manufacturing Operations • Large scale manufacturing facility in Perth • Coromal and Windsor caravan brands • Nation-wide dealer network 2016 Results • Carry over of prior year order volume impacted results • Management changes • Refreshed product range, show results strong RV M
Slide 6: Recreational Vehicle Manufacturing
Recreational Vehicle Manufacturing Pioneer Element Princeton Princeton 6
Slide 7: Parts and Accessories
Parts and Accessories Operations • Camec - Australian and overseas manufacture of parts for RV industry • Flexiglass – Thai and Chinese manufacture for after market vehicle components • Branch operations throughout Australia and NZ 2016 Results • Overheads reduced Parts & Accessories Parts & Accesor
Slide 8: Parts and Accessories
Parts and Accessories Flexiglass Sport Bocar Tray Camec Retail Store, Qld Camec Warehouse, Dandenong South 8
Slide 9: Manufactured Accommodation
Manufactured Accommodation Operations • Manufacturing facilities in Vic, WA, QLD and NSW • Education and Affordable Housing are key markets 2016 Results • Strong education volume in Vic and QLD • Strong volume from Gateway Lifestyle • WA operation restructured Manufactured Manufactured Accommodation
Slide 10: Manufactured Accommodation
Manufactured Accommodation Gateway Lifestyle Village, Queensland Korin Korin Child and Family Centre, City of Whittlesea, Victoria 10
Slide 11: Manufactured Accommodation
Manufactured Accommodation Homes under construction for National Lifestyle Villages, Western Australia Norfolk Village State School, Ormeau, Queensland 11
Slide 12: Village Operations
Village Operations Operations • Searipple Village in Karratha • Osprey Village in Port Hedland 2016 Results • Osprey village sold to WA State Government • Fleetwood retains Osprey management rights • Rio Tinto preferred supplier agreement at Searipple Village Operations Village Operations Revenue ($
Slide 13: Village Operations
Village Operations Searipple Village, Karratha Osprey Village, South Hedland, Western Australia 13
Slide 14: Summary
Summary Accommodation Recreational Vehicles A Company in Transition … Division Division • Board changes • Refocussed on growth markets • Underperforming operations restructured • Debt free • Large franking balance 14