Investor Presentaiton
FY16 Outlook
Markets
☐
Lead market indicators for our key markets remain largely positive
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Existing Home segment (~65% of revenue) is expected to provide resilient and profitable growth
New Housing (~15% of revenue, late cycle) is expected to remain strong throughout FY16
Commercial & Infrastructure (~15% of revenue) is expected to be subdued (infrastructure weak)
China growth rates relatively weak & PNG market outlook is poor
Business Segments
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☐
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Paints and Coatings ANZ - we expect consistent consumer demand to continue; NZ to return to
growth; YTD margin advantage expected to continue
C&CP
targeting second half growth over pcp
GDO positive outlook given strong sales momentum in H1 and seasonally stronger H2
■
Cabinet & Architectural Hardware - well positioned
Overall
Corporate costs for FY16 to be ~$27M; Targeting 80%+ cash conversion
☐
Expect to maintain ~70% dividend payout ratio on NPAT before non-recurring items
Subject to economic conditions and excluding non-recurring items, we expect that 2016
net profit after tax will be higher than the 2015 equivalent of $124.7M
Disclaimer: Statements contained in this presentation, particularly those regarding possible or assumed future
performance, estimated company earnings, potential growth of the company, industry growth or other trend projections
are or may be forward looking statements. Such statements relate to future events and expectations and therefore
involve unknown risks and uncertainties. Actual results may differ materially from those expressed or implied by these
forward looking statements.
DuluxGroup
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