Fletcher Building Investor Presentation

Opening Net Debt Cash from operations (pre working capital) 2,059 (525) (34) Working capital 16 Fletcher Building Investor Presentation | © October 2013 Growth capex + acquisitions NZ$million Stay in business capex Reduction in net debt due to proceeds from divestments and operating cashflows 98 98 Divestments Dividends 148 (91) Minority distn Hedging/ FX on debt 208 12 Closing Net debt (99) 1,776

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