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Building Products
Distribution
Steel
Concrete
Residential and Development
Construction Australia
Formica and Roof Tile Group
Divisions
Group Performance
Fletcher Building posted underlying operating earnings of $710 million 1
Year ended 30 June 2018 NZ$m
Year ended 30 June 2017 NZ$m
Change %
Reported results
Total revenue
9,471
9,399
1%
50
525
(90%) (33%)
Operating earnings before significant items 1
Significant items
(168) (118) (157) (275)
(252)
Operating earnings (EBIT)
273
NM
Funding costs
(111)
41%
Earnings/(loss) before tax Tax benefit/(expense) Earnings/(loss) after tax Non-controlling interests
162
NM NM NM 0% NM NM
96
(57)
(179)
105
(11)
(11)
Net earnings/(loss)
(190)
94
(60)
321
Net earnings/(loss) before significant items 1
Basic earnings/(loss) per share (cents) Dividends declared per share (cents) Cash flows from operating activities
(25.5)
13.5 39.0 243 319
NM NM
0.0
396 304
63%
Capital expenditure
(5%)
50
525
(90%)
Operating earnings before significant items 1
(660)
(292)
NM
B+I
710
817
(13%)
Operating earnings (excluding B+I) before significant items 1
1 Measures (excluding B+I) before significant items are non-GAAP measures used by management to assess the performance of the business and have been derived from Fletcher Building Limited’s financial statements for the year ended 30 June 2018.
Revenue
Year ended 30 June 2018 NZ$m
Year ended 30 June 2017 NZ$m
Change %
Building Products
764
745
3% 1% 8% 4%
Distribution
1,530
1,519
Steel
532 812 575
491 781 420
Concrete
Residential and Development
37%
Construction
1,685 3,076 1,177
2,246 2,858 1,120
(25%)
Australia
8% 5%
Formica and Roof Tile Group
Divested businesses
108
78
38%
Other
8
9
(11%)
Gross revenue
10,267
10,267
0%
Less intercompany sales Group external revenue
(796)
(868)
(9%)
9,471
9,399
1%
18 Fletcher Building Limited Annual Report 2018
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