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FLETCHER BUILDING LIMITED — Board/Management Information 2016
Feb 1, 2016
64902_rns_2016-02-01_da32673d-bd0d-4b8d-85a3-fdea9dfb3dc2.pdf
Board/Management Information
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NEWS RELEASE
Auckland, 2 February 2016 – Fletcher Building Limited today announced changes to its divisional structure and executive officers. The changes follow the evolution of Fletcher Building’s business portfolio, including the completion of the sale of Rocla Quarry Products last week and the acquisition of Higgins announced earlier today.
The new structure will see Fletcher Building organised into five divisions, centred on the manufacture of building products, distribution, residential and land development, construction, and the group’s international businesses. The five new divisions are:
Building Products : manufacture of light and heavy building materials in New Zealand and Australia. This division will be led by Matt Crockett, who is currently chief executive of the Heavy Building Products division.
International : encompasses Fletcher Building’s Laminex, Formica, and Roof Tiles businesses. Francisco Irazusta has been appointed chief executive of this division.
Distribution : building materials, plumbing supplies and steel distribution activities in New Zealand and Australia. Dean Fradgley will continue as chief executive of this division, which will also include the Stramit and Tasman Sinkware businesses in Australia, and Dimond Roofing in New Zealand.
Residential and Land Development : residential development business in New Zealand together with the development of existing non-residential land holdings. Steve Evans, currently chief operating officer of Fletcher Living, has been appointed chief executive of this division.
Construction : building and engineering construction activities in New Zealand and the South Pacific, together with the Higgins contracting businesses in New Zealand and Fiji. Graham Darlow will continue as chief executive of this division.
In addition to these divisional appointments, it is also announced that Mr Lee Finney has been appointed to the new role of Chief Transformation Officer. In this role, Lee will have responsibility for all of Fletcher Building’s centres of excellence including the marketing, operations excellence and procurement functions. He will also be responsible for the acceleration of the growth and cost reduction initiatives and will lead a core team of business transformation specialists.
Lee has extensive experience in transforming the operational performance of international businesses, most recently with Molson Coors where he has been Chief Supply Officer for the Canadian and European divisions since 2010. Prior to that Lee held senior supply chain leadership roles for Goodman Fielder in New Zealand, and for Campbell's in Europe and the USA. Lee has an MBA (Warwick, UK) and has completed the Advanced Management Program (INSEAD, France).
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As a result of these changes, the role of chief executive Laminates & Panels which was based in Melbourne has been disestablished, and Paul Zuckerman has decided to leave Fletcher Building.
Fletcher Building chief executive officer Mark Adamson said the new divisional structure reflected the changes to the business portfolio, with a number of businesses divested over the past two years and the acquisiton of Higgins announced today.
“We have made significant progress in reshaping our portfolio, with a focus on divesting non-core businesses and investing where we see the strongest opportunity to further grow earnings. The new structure we have annouced today accommodates the changes to the portfolio. At the same time it will allow like activities to be grouped together and operating efficiencies to be pursued.
“Under the new structure, Matt Crockett will have responsibility for all of our core manufacturing operations in New Zealand and Australia. Dean Fradgley will have all distribution activities reporting into him. It has become increasingly clear that some of our businesses that were seen as manufacturing operations are really driven by end-to-end service propositions, with less manufacturing input and greater value provided by the service offering. As such, it makes sense to group these activities within the distribution division.
“We have also taken the opportunity to combine our international businesses under one executive. Francisco will have responsibility for the Laminex and Formica businesses as well as our Roof Tiles business. Given their global span of operations, there is a clear benefit in having these businesses managed under one senior leader.
“Our residential development business has grown substantially, and we expect to continue to expand earnings from this activity over the next several years. In addition, we have identified the opportunity to further develop our existing commercial and industrial land holdings, and Steve Evans will pick up responsibilty for this in his new role.
“With the creation of the Chief Transformation Officer role, we will have a dedicated senior executive who will be focussed on accelerating the growth and cost reduction initiatives. Building on the FBUnite transformation programme, we have identified significant further opportunity to eliminate inefficiencies and improve our sales and marketing capabilities. Lee will be responsible for delivering on these opportunities”, Mr Adamson said.
A summary of the new divisional structure and the business composition of each division can be found in Appendix One .
Financial results for the half year to 31 December 2015 will be reported on the basis of the new divisional structure. Prior period figures have been prepared on the basis of the new divisional structure and are summarised in Appendix Two .
ENDS
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For further information contact:
Investors:
Media:
Philip King Shannon Huse Caldwell Group General Manager, External Communications Manager Investor Relations & Capital Markets Phone: + 64 9 525 9043 Phone: +64 9 525 9085 Mobile: + 64 27 444 0203 Mobile: +64 27 807 2933 Email: [email protected] Email: [email protected]
Fletcher Building is an integrated manufacturer and distributor of infrastructure and building products, and a construction company. From the smallest grain of sand to projects of great scale, we make, deliver and build to improve infrastructure, build communities and strengthen economies. We have 19,000 people working in 25 business groups in 45 countries. For more visit www.fbu.com
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New Divisional Structure
Appendix One
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| Division | Business Groupings | Key Businesses |
|---|---|---|
| Building Products | Cement & Aggregates | Golden Bay Cement (NZ) Winstone Aggregates (NZ) Higgins Quarries (NZ) Rocla Quarries (Australia)* |
| Concrete Pipes & Products | Firth Concrete (NZ) Rocla Pipelines (Australia) Humes Pipes (NZ) |
|
| Building Materials | Winstone Wallboards (NZ) Tasman Insulation (NZ) Fletcher Insulation (Australia) |
|
| Plastic Pipes | Iplex (NZ) Iplex (Australia) |
|
| Joint Ventures & Other | Sims Pacific Metals (NZ) Fletcher Aluminium Long Steel Manufacturing (NZ) Crane Copper Tube (Australia) |
|
| International Businesses |
Formica | Formica Asia Formica Europe Formica North America |
| Laminex | Laminex (Australia) Laminex (NZ) |
|
| Roof Tiles Group | Gerard Roofing Systems (NZ/Asia/Europe) DECRA Roofing Systems (USA) |
|
| Distribution | New Zealand Building Supplies | PlaceMakers Mico Plumbing |
| New Zealand Steel Distribution | Fletcher Easysteel Fletcher Reinforcing Pacific Coil Coaters Dimond Roofing |
|
| Australia Building Supplies | Tradelink (Aus) Hudson Building Supplies* |
|
| Australia Steel Distribution | Stramit (Australia) Tasman Sinkware (Australia) |
|
| Residential & Land Development |
NZ Residential Development | Fletcher Living (NZ) |
| Construction | Construction New Zealand | Fletcher Construction (NZ) Fletcher EQR (NZ) Higgins Contracting (NZ) |
| Construction South Pacific | Fletcher Construction South Pacific Higgins Contracting (Fiji) |
- Indicates businesses sold or discontinued whose results are included in the periods until cessesion of their operations within the Fletcher Group
| Group | FY FY FY 2015 2014 2013 2,656 2,766 2,805 2,007 1,930 1,945 3,198 3,199 3,289 1,342 1,125 1,029 238 176 217 5 7 7 9,446 9,203 9,292 (785) (802) (775) 8,661 8,401 8,517 Gross Revenue (NZ$m) |
H1 H1 |
|---|---|---|
| 2015 2014 |
||
| Building Products International Distribution Construction Housing and Development Corporate |
1,320 1,419 1,001 975 1,650 1,621 640 571 101 98 3 4 |
|
| Totalgross sales | 4,715 4,688 |
|
| Less: intercompanysales | (388) (415) |
|
| Total external sales | 4,327 4,273 |
| Group | FY FY FY 2015 2014 2013 2,184 2,246 2,296 1,978 1,899 1,924 2,958 2,979 3,080 1,299 1,102 1,000 238 175 217 4 ‐ ‐ 8,661 8,401 8,517 External Revenue (NZ$m) |
H1 H1 |
|---|---|---|
| 2015 2014 |
||
| Building Products International Distribution Construction Housing and Development Corporate |
1,069 1,146 990 961 1,535 1,507 632 561 101 98 ‐ ‐ |
|
| Total | 4,327 4,273 |
| Group | FY FY FY 2015 2014 2013 259 284 279 143 146 137 148 125 101 74 57 36 66 49 48 (37) (37) (32) 653 624 569 (150) (32) ‐ 503 592 569 Operating Earnings (NZ$m) |
H1 H1 |
|---|---|---|
| 2015 2014 |
||
| Building Products International Distribution Construction Housing and Development Corporate |
114 124 61 62 56 57 46 28 33 28 (20) (18) |
|
| Total excl significant items | 290 281 |
|
| Significant items | (66) ‐ |
|
| Total incl significant items | 224 281 |
| Group | FY FY FY 2015 2014 2013 1,877 1,936 1,999 2,098 1,821 1,912 1,046 1,039 1,166 (54) (10) (29) 211 151 123 (1,468) (1,483) (1,617) 3,710 3,454 3,554 Funds (NZ$m) |
H1 H1 |
|---|---|---|
| 2015 2014 |
||
| Building Products International Distribution Construction Housing and Development Corporate |
1,878 1,936 1,908 1,866 993 1,049 (19) 6 209 128 (1,506) (1,531) |
|
| Total | 3,463 3,454 |
| Group | FY FY FY H1 H1 2015 2014 2013 2015 2014 358 383 386 164 174 202 204 202 92 95 178 160 137 72 72 82 65 44 50 32 66 49 48 33 28 (32) (34) (28) (18) (16) 854 827 789 393 385 EBITDA excl significant items (NZ$m) |
FY FY FY H1 H1 2015 2014 2013 2015 2014 358 383 386 164 174 202 204 202 92 95 178 160 137 72 72 82 65 44 50 32 66 49 48 33 28 (32) (34) (28) (18) (16) 854 827 789 393 385 EBITDA excl significant items (NZ$m) |
|---|---|---|
| 2015 2014 |
||
| Building Products International Distribution Construction Housing and Development Corporate |
164 174 92 95 72 72 50 32 33 28 (18) (16) |
|
| Total | 393 385 |
| Group | FY FY FY 2015 2014 2013 16.4% 17.1% 16.8% 10.2% 10.7% 10.5% 6.0% 5.4% 4.4% 6.3% 5.9% 4.4% 27.7% 28.0% 22.1% EBITDA / External Revenue |
H1 H1 |
|---|---|---|
| 2015 2014 |
||
| Building Products International Distribution Construction Housing and Development |
15.3% 15.2% 9.3% 9.9% 4.7% 4.8% 7.9% 5.7% 32.7% 28.6% |
| Group | FY FY FY 2015 2014 2013 13.8% 14.7% 14.0% 6.8% 8.0% 7.2% 14.1% 12.0% 8.7% n/a n/a n/a 31.3% 32.5% 39.0% EBIT* / Funds |
H1 H1 |
|---|---|---|
| 2015 2014 |
||
| Building Products International Distribution Construction Housing and Development *before significant items |
12.1% 12.8% 6.4% 6.6% 11.3% 10.9% n/a n/a 31.6% 43.8% |
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Geographic segmentation
Geographic segmentation, local currency
| Group Building Products International Distribution Construction Housing and Development Corporate Total Building Products Concrete Products Cement and Quarry Products Building Materials Plastic Pipes JV Earnings & Other Total International Formica Laminex Roofing Total Distribution NZ Building Supplies NZ Steel Distribution Australian Building Supplies Australian Steel Distribution Total Construction Construction Total Housing and Development Housingand Development Total |
FY FY FY 2015 2014 2013 2,656 2,766 2,805 2,007 1,930 1,945 3,198 3,199 3,289 1,342 1,125 1,029 238 176 217 5 7 7 9,446 9,203 9,292 FY FY FY 2015 2014 2013 761 729 757 501 455 411 431 420 431 545 699 755 418 463 451 2,656 2,766 2,805 FY FY FY 2015 2014 2013 888 845 824 940 886 934 179 199 187 2,007 1,930 1,945 FY FY FY 2015 2014 2013 1,413 1,333 1,296 437 406 397 826 928 994 522 532 602 3,198 3,199 3,289 FY FY FY 2015 2014 2013 1,342 1,125 1,246 1,342 1,125 1,246 FY FY FY 2015 2014 2013 238 176 217 238 176 217 Gross Revenue (NZ$m) Gross Revenue (NZ$m) Gross Revenue (NZ$m) Gross Revenue (NZ$m) Gross Revenue (NZ$m) Gross Revenue (NZ$m) |
H1 H1 2015 2014 1,320 1,419 1,001 975 1,650 1,621 640 571 101 98 3 4 4,715 4,688 H1 H1 2015 2014 380 365 243 224 224 215 291 377 182 238 1,320 1,419 H1 H1 2015 2014 425 423 484 452 92 100 1,001 975 H1 H1 2015 2014 710 668 215 200 447 477 278 276 1,650 1,621 H1 H1 2015 2014 640 571 640 571 H1 H1 2015 2014 101 98 101 98 |
Group | FY FY FY 2015 2014 2013 5,082 4,654 4,418 3,158 3,451 3,822 1,206 1,098 1,052 9,446 9,203 9,292 FY FY FY 2015 2014 2013 1,658 1,511 1,382 995 1,240 1,410 3 15 13 2,656 2,766 2,805 FY FY FY 2015 2014 2013 167 174 164 820 769 818 1,020 987 963 2,007 1,930 1,945 FY FY FY 2015 2014 2013 1,851 1,753 1,693 1,343 1,442 1,594 4 4 2 3,198 3,199 3,289 FY FY FY 2015 2014 2013 1,163 1,033 1,172 ‐ ‐ ‐ 179 92 74 1,342 1,125 1,246 FY FY FY 2015 2014 2013 238 176 217 ‐ ‐ ‐ ‐ ‐ ‐ 238 176 217 Gross Revenue (NZ$m) Gross Revenue (NZ$m) Gross Revenue (NZ$m) Gross Revenue (NZ$m) Gross Revenue (NZ$m) Gross Revenue (NZ$m) |
H1 H1 2015 2014 2,450 2,334 1,683 1,807 582 547 4,715 4,688 H1 H1 2015 2014 779 747 538 665 3 7 1,320 1,419 H1 H1 2015 2014 86 86 422 391 493 498 1,001 975 H1 H1 2015 2014 925 868 723 751 2 2 1,650 1,621 H1 H1 2015 2014 556 531 ‐ ‐ 84 40 640 571 H1 H1 2015 2014 101 98 ‐ ‐ ‐ ‐ 101 98 |
Group | Gross Revenue FY FY FY 2015 2014 2013 5,082 4,654 4,418 2,929 3,113 3,062 936 907 860 Gross Revenue FY FY FY 2015 2014 2013 1,658 1,511 1,382 923 1,119 1,130 2 12 11 Gross Revenue FY FY FY 2015 2014 2013 167 174 164 761 694 655 792 816 788 Gross Revenue FY FY FY 2015 2014 2013 1,851 1,753 1,693 1,246 1,301 1,277 3 3 2 Gross Revenue FY FY FY 2015 2014 2013 1,163 1,033 1,172 ‐ ‐ ‐ 139 76 61 Gross Revenue FY FY FY 2015 2014 2013 238 176 217 ‐ ‐ ‐ ‐ ‐ ‐ |
H1 H1 |
|---|---|---|---|---|---|---|---|---|
| NZ Australia Rest of World Building Products |
NZ, NZ$m Australia, A$m Rest of World US$m Building Products |
2015 2014 |
||||||
| 2,450 2,334 1,537 1,591 474 441 H1 H1 |
||||||||
| NZ Australia Rest of World International |
NZ, NZ$m Australia, A$m Rest of World US$m International |
2015 2014 |
||||||
| 779 747 491 586 2 6 H1 H1 |
||||||||
| NZ Australia Rest of World Distribution |
NZ, NZ$m Australia, A$m Rest of World US$m Distribution |
2015 2014 |
||||||
| 86 86 385 344 401 401 H1 H1 |
||||||||
| NZ Australia Rest of World Construction |
NZ, NZ$m Australia, A$m Rest of World US$m Construction |
2015 2014 |
||||||
| 925 868 660 661 2 2 H1 H1 |
||||||||
| NZ Australia Rest of World Housing and Development |
NZ, NZ$m Australia, A$m Rest of World US$m Housing and Development |
2015 2014 |
||||||
| 556 531 ‐ ‐ 68 32 H1 H1 |
||||||||
| NZ Australia Rest of World |
NZ, NZ$m Australia, A$m Rest of World US$m |
2015 2014 |
||||||
| 101 98 ‐ ‐ ‐ ‐ |
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Geographic segmentation
| Group Building Products International Distribution Construction Housing and Development Corporate Total Building Products Concrete Products Cement and Quarry Products Building Materials Plastic Pipes JV Earnings & Other Total International Formica Laminex Roofing Total Distribution NZ Building Supplies NZ Steel Distribution Australian Building Supplies Australian Steel Distribution Total Construction Construction Total Housing and Development Housingand Development Total |
FY FY FY 2015 2014 2013 2,184 2,246 2,296 1,978 1,899 1,924 2,958 2,979 3,080 1,299 1,102 1,000 238 175 217 4 ‐ ‐ 8,661 8,401 8,517 FY FY FY 2015 2014 2013 688 669 698 331 309 293 321 315 324 440 597 642 404 356 339 2,184 2,246 2,296 FY FY FY 2015 2014 2013 887 849 828 922 861 910 169 189 186 1,978 1,899 1,924 FY FY FY 2015 2014 2013 1,266 1,197 1,175 357 337 329 825 927 994 510 518 582 2,958 2,979 3,080 FY FY FY 2015 2014 2013 1,299 1,102 1,000 1,299 1,102 1,000 FY FY FY 2015 2014 2013 238 175 217 238 175 217 External Revenue (NZ$m) External Revenue (NZ$m) External Revenue (NZ$m) External Revenue (NZ$m) External Revenue (NZ$m) External Revenue (NZ$m) |
H1 H1 2015 2014 1,069 1,146 990 961 1,535 1,507 632 561 101 98 ‐ ‐ 4,327 4,273 H1 H1 2015 2014 345 334 159 149 164 159 238 323 163 181 1,069 1,146 H1 H1 2015 2014 428 426 476 440 86 95 990 961 H1 H1 2015 2014 641 595 176 167 446 476 272 269 1,535 1,507 H1 H1 2015 2014 632 561 632 561 H1 H1 2015 2014 101 98 101 98 |
Group | FY FY FY 2015 2014 2013 4,435 4,031 3,832 3,042 3,287 3,640 1,184 1,083 1,045 8,661 8,401 8,517 FY FY FY 2015 2014 2013 1,290 1,134 1,030 891 1,098 1,253 3 14 13 2,184 2,246 2,296 FY FY FY 2015 2014 2013 159 164 155 820 762 813 999 973 956 1,978 1,899 1,924 FY FY FY 2015 2014 2013 1,624 1,548 1,504 1,331 1,427 1,574 3 4 2 2,958 2,979 3,080 FY FY FY 2015 2014 2013 1,120 1,010 926 ‐ ‐ ‐ 179 92 74 1,299 1,102 1,000 FY FY FY 2015 2014 2013 238 175 217 ‐ ‐ ‐ ‐ ‐ ‐ 238 175 217 External Revenue (NZ$m) External Revenue (NZ$m) External Revenue (NZ$m) External Revenue (NZ$m) External Revenue (NZ$m) External Revenue (NZ$m) |
H1 H1 |
|---|---|---|---|---|---|
| NZ Australia Rest of World Building Products |
2015 2014 |
||||
| 2,140 2,012 1,611 1,720 576 541 |
|||||
| 4,327 4,273 |
|||||
| H1 H1 |
|||||
| NZ Australia Rest of World International |
2015 2014 |
||||
| 592 550 473 588 4 8 |
|||||
| 1,069 1,146 |
|||||
| H1 H1 |
|||||
| NZ Australia Rest of World Distribution |
2015 2014 |
||||
| 82 81 422 389 486 491 |
|||||
| 990 961 |
|||||
| H1 H1 |
|||||
| NZ Australia Rest of World Construction |
2015 2014 |
||||
| 817 762 716 743 2 2 |
|||||
| 1,535 1,507 |
|||||
| H1 H1 |
|||||
| NZ Australia Rest of World Housing and Development |
2015 2014 |
||||
| 548 521 ‐ ‐ 84 40 |
|||||
| 632 561 |
|||||
| H1 H1 |
|||||
| NZ Australia Rest of World |
2015 2014 |
||||
| 101 98 ‐ ‐ ‐ ‐ |
|||||
| 101 98 |
Geographic segmentation, local currency
| Group | FY FY FY 2015 2014 2013 4,435 4,031 3,832 2,821 2,966 2,916 919 895 855 FY FY FY 2015 2014 2013 1,290 1,134 1,030 826 991 1,004 2 12 11 FY FY FY 2015 2014 2013 159 164 155 761 687 651 775 804 782 FY FY FY 2015 2014 2013 1,624 1,548 1,504 1,235 1,287 1,261 2 3 2 FY FY FY 2015 2014 2013 1,120 1,010 926 ‐ ‐ ‐ 139 76 61 FY FY FY 2015 2014 2013 238 175 217 ‐ ‐ ‐ ‐ ‐ ‐ External Revenue External Revenue External Revenue External Revenue External Revenue External Revenue |
H1 H1 |
|---|---|---|
| NZ, NZ$m Australia, A$m Rest of World US$m Building Products |
2015 2014 |
|
| 2,140 2,012 1,471 1,515 469 436 H1 H1 |
||
| NZ, NZ$m Australia, A$m Rest of World US$m International |
2015 2014 |
|
| 592 550 432 518 3 6 H1 H1 |
||
| NZ, NZ$m Australia, A$m Rest of World US$m Distribution |
2015 2014 |
|
| 82 81 385 434 395 396 H1 H1 |
||
| NZ, NZ$m Australia, A$m Rest of World US$m Construction |
2015 2014 |
|
| 817 762 654 654 2 2 H1 H1 |
||
| NZ, NZ$m Australia, A$m Rest of World US$m Housing and Development |
2015 2014 |
|
| 548 521 ‐ ‐ 68 32 H1 H1 |
||
| NZ, NZ$m Australia, A$m Rest of World US$m |
2015 2014 |
|
| 101 98 ‐ ‐ ‐ ‐ |
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Geographic segmentation
Geographic segmentation, local currency
| Group Building Products International Distribution Construction Housing and Development Corporate Total Building Products Concrete Products Cement and Quarry Products Building Materials Plastic Pipes JV Earnings & Other Total International Formica Laminex Roofing Total Distribution NZ Building Supplies NZ Steel Distribution Australian Building Supplies Australian Steel Distribution Total Construction Construction Total Housing and Development Housingand Development Total |
FY FY FY H1 H1 2015 2014 2013 2015 2014 259 284 279 114 124 143 146 137 61 62 148 125 101 56 57 74 57 36 46 28 66 49 48 33 28 (37) (37) (32) (20) (18) 653 624 569 290 281 FY FY FY H1 H1 2015 2014 2013 2015 2014 79 79 81 30 30 90 70 59 39 30 77 69 62 38 34 (8) 45 55 (3) 21 21 21 22 10 9 259 284 279 114 124 FY FY FY H1 H1 2015 2014 2013 2015 2014 48 63 58 20 26 81 61 62 37 27 14 22 17 4 9 143 146 137 61 62 FY FY FY H1 H1 2015 2014 2013 2015 2014 75 53 45 29 26 36 33 27 15 17 18 17 8 6 8 19 22 21 6 6 148 125 101 56 57 FY FY FY H1 H1 2015 2014 2013 2015 2014 74 57 36 46 28 74 57 36 46 28 FY FY FY H1 H1 2015 2014 2013 2015 2014 66 49 48 33 28 66 49 48 33 28 Operating Earnings before sig items (NZ$m) Operating Earnings before sig items (NZ$m) Operating Earnings before sig items (NZ$m) Operating Earnings before sig items (NZ$m) Operating Earnings before sig items (NZ$m) Operating Earnings before sig items (NZ$m) |
Group | FY FY FY H1 H1 2015 2014 2013 2015 2014 449 362 286 200 167 119 171 203 49 77 85 91 80 41 37 653 624 569 290 281 FY FY FY H1 H1 2015 2014 2013 2015 2014 248 205 165 110 91 11 79 114 3 33 ‐ ‐ ‐ 1 ‐ 259 284 279 114 124 FY FY FY H1 H1 2015 2014 2013 2015 2014 19 16 11 5 5 68 53 56 33 25 56 77 70 23 32 143 146 137 61 62 FY FY FY H1 H1 2015 2014 2013 2015 2014 112 86 72 44 43 36 39 29 12 14 ‐ ‐ ‐ ‐ ‐ 148 125 101 56 57 FY FY FY H1 H1 2015 2014 2013 2015 2014 51 45 28 31 24 ‐ ‐ ‐ ‐ ‐ 23 12 8 15 4 74 57 36 46 28 FY FY FY H1 H1 2015 2014 2013 2015 2014 66 49 48 33 28 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 66 49 48 33 28 Operating Earnings before sig items (NZ$m) Operating Earnings before sig items (NZ$m) Operating Earnings before sig items (NZ$m) Operating Earnings before sig items (NZ$m) Operating Earnings before sig items (NZ$m) Operating Earnings before sig items (NZ$m) |
Group | FY FY FY 2015 2014 2013 449 362 286 110 154 163 66 75 65 FY FY FY 2015 2014 2013 248 205 165 10 71 91 ‐ ‐ ‐ FY FY FY 2015 2014 2013 19 16 11 63 48 45 43 64 57 FY FY FY 2015 2014 2013 112 86 72 33 35 23 ‐ ‐ ‐ FY FY FY 2015 2014 2013 51 45 28 ‐ ‐ ‐ 18 10 7 FY FY FY 2015 2014 2013 66 49 48 ‐ Operating Earnings before sig item Operating Earnings before sig item Operating Earnings before sig item Operating Earnings before sig item Operating Earnings before sig item Operating Earnings before sig item |
H1 H1 s |
|---|---|---|---|---|---|---|
| NZ Australia Rest of World Building Products |
NZ, NZ$m Australia, A$m Rest of World US$m Building Products |
2015 2014 |
||||
| 200 167 45 68 33 30 H1 H1 s |
||||||
| NZ Australia Rest of World International |
NZ, NZ$m Australia, A$m Rest of World US$m International |
2015 2014 |
||||
| 110 91 3 29 1 ‐ H1 H1 s |
||||||
| NZ Australia Rest of World Distribution |
NZ, NZ$m Australia, A$m Rest of World US$m Distribution |
2015 2014 |
||||
| 5 5 30 22 19 26 H1 H1 s |
||||||
| NZ Australia Rest of World Construction |
NZ, NZ$m Australia, A$m Rest of World US$m Construction |
2015 2014 |
||||
| 44 43 11 12 ‐ ‐ H1 H1 s |
||||||
| NZ Australia Rest of World Housing and Development |
NZ, NZ$m Australia, A$m Rest of World US$m Housing and Development |
2015 2014 |
||||
| 31 24 ‐ ‐ 12 3 H1 H1 s |
||||||
| NZ Australia Rest of World |
NZ, NZ$m Australia, A$m Rest of World US$m |
2015 2014 |
||||
33 28 |