Fletcher Building Limited Annual Report 2019

Fletcher Building Limited Annual Report 2019

contents

Contents

Where we are right now

01

Results at a Glance

02

Where we work

04

Chair's Report

06

CEO's Report

08

Strategy

10

Sustainability

12

Health and Safety

14

People and Communities

18

Environment

Performance

22Group Performance - Commentary and Tables

26Divisional Review - Commentary and Tables

42

Our Team

- Board and Executive

The Results

45

Trend Statement

46

Financial Statements

100

Independent Auditor's Report

104

Remuneration Report

109

Governance

117

Statutory Disclosures

125

Corporate Directory

This Annual Report is dated 21 August 2019 and is signed on behalf of the Board by:

When used in this annual report, references to the `Company' are references to Fletcher Building Limited. References to `Fletcher Building' or the `Group' are to Fletcher Building Limited, together with its subsidiaries and its interests in associates and joint ventures. All references to financial years (e.g. FY18 and FY19) in this annual report are to the financial year ended 30 June. References to $ and NZ$ are to New Zealand dollars unless otherwise stated.

Bruce Hassall Chair

Robert McDonald Director

In certain sections of this report the Group has chosen to present certain financial information exclusive of the impact of Significant Items and/or the results of the Building + Interiors (B+I) business unit, consistent with previous market guidance. Where such information is presented, it is clearly described and marked with an appropriate footnote. This allows the readers of this report to better understand the underlying operations and performance of the Group.

Results at a Glance

(p) (p)

(p) (p)

(p) (p)

(p) (p)

Revenue

$9,307m

2018 $9,471m 2%

Net earnings/(loss)

$164m

2018 $(190)m

EBIT before significant items (1)

$631m

2018 $50m

Cash flows from operating activities

$153m

2018 $396m 61%

Earnings per share

19.2?

2018 (25.5)?

Return on funds employed (ROFE) before significant items (1)

11.8%

2018 0.9% 10.9 ppts

Total dividend

23CPS

2018 nil

EBIT margin before significant items (1)

6.8%

2018 0.5% 6.3 ppts

Safety TRIFR (2)

5.0

2018 5.1 2%

Employee engagement

71%

2018 70% 1 ppt

Carbon Emission Intensity (3)

139

2018 149 10 pts

Customer NPS (4)

41

2018 33 8 pts

(1) Measures before significant items are non-GAAP measures used by management to assess the performance of the Group and have been derived from Fletcher Building Limited's financial statements for the year ended 30 June 2019.

(2) Total recordable injury frequency rate. Measured by the total number of recordable injuries per million hours worked.

(3) CO2 tonnes for every $1 million of revenue. (4) Net Promoter Score is a measure of how satisfied our customers are with our business.

Fletcher Building Limited Annual Report 2019

1

Where we work

We employ over 16,000 people in New Zealand, Australia and the South Pacific.

5,000+

people across Australia

Australia

$3b 300+

Revenue

Operating sites

2

Fletcher Building Limited Annual Report 2019

800 Approx.

people working on construction in the South Pacific

10,000 Approx.

people across almost every region of New Zealand

Our people are committed to working together to deliver for our customers and to support our communities.

New Zealand

$5b Revenue

400+ Operating sites

Fletcher Building Limited Annual Report 2019

3

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download