Strategic Growth and Financial Position Update
Margin resilience through the cycle
555
EBIT (A$m) and margin (%)
14
12
22286 +2
10
90
20
17.8
18.1
17.1
80
16.1
18
80.6
14.6
78.3
70
16
72.8
60
64.5
50
55
40
30
20
4
10
0
0
FY13
FY14
FY15
FY16
FY17
EBIT
EBIT Margin % (RHS)
GWA focused on maintaining margin resilience
through the cycle:
~50% exposure to Renovations and Replacement
market - less cyclical than new build market
■ Market share initiatives to grow presence in key
end markets
■ Reduced cost base through SG&A and Supply Chain
initiatives
G
GWA
Group Limited
inspire
Caroma
■ Lower fixed vs variable cost base from exit of
manufacturing
Low capex requirements and strong balance sheet
enables continued strong cashflow generation
CLARK
Source: GWA. Continuing Operations excluding Brivis Climate Systems, Dux Hot Water and Gliderol Garage Doors divested in FY15/FY16.
dorf
ENTER WITH STYLE
Gainsborough
API
Locksmiths
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