Fletcher Building Investor Presentation
Earnings commentary
New Zealand operating earnings' up 38%, driven by increased house-
building activity and repairs and rebuilding work in Canterbury
Deterioration in Australian volumes evident early in the year, and the
market remained soft throughout FY13
Improvement in North America, but Europe worsened and Asia was
mixed
Revenues down due to sale of businesses:
Cory's Electrical (December 2012)
Mico Metals and Austral Wright (June 2012)
Operating cashflow up 25% with increased contributions from Building
Products, Distribution and Construction Divisions
New organisation structure now based around 5 Divisions
All restructuring charges taken 'above the line' offset by gains on sale of
businesses and property disposals
1. Excluding significant items
13 Fletcher Building Investor Presentation | © October 2013View entire presentation