FLE122 Annual Report 2018

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Building Products

Distribution

Steel

Concrete

Residential and Development

Construction Australia

Formica and Roof Tile Group

Building Products EBIT 2018 $132m 2017  $152m ▼ 13%

Distribution EBIT* 2018 $104m 2017  $104m

Steel EBIT* 2018 $49m 2017  $54m ▼ 9%

Concrete EBIT* 2018 $90m 2017  $113m ▼ 20%

Residential and Development EBIT 2018 $136m 2017  $130m ▲ 5%

Construction EBIT + 2018 $52m 2017  $88m ▼ 41%

Australia EBIT* 2018 $114m 2017  $119m ▼ 4%

Formica and Roof Tile Group EBIT* 2018 $65m 2017  $79m ▼ 18%

* EBIT before significant items +  EBIT (excluding B+I) before significant items

Reported operating earnings

Operating earnings (excluding B+I) before significant items 1

Year ended 30 June 2018 NZ$m

Year ended 30 June 2018 NZ$m

Year ended 30 June 2017 NZ$m

Year ended 30 June 2017 NZ$m

Change %

Change %

152 104

(13%)

132 104

152 104

(13%)

Building Products

132 101

(3%)

0%

Distribution

41 73

54

(24%) (35%)

49 90

54

(9%)

Steel

113 130

113 130

(20%)

Concrete

136

5% NM NM NM NM NM NM NM NM 0% NM 41%

136

5%

Residential and Development

(613)

(204) (132)

52

88

(41%)

Construction

65

114

119

(4%)

Australia

8

79

(90%)

65

79

(18%)

Formica and Roof Tile Group

(111)

(31)

(45)

(30)

50% 63%

Corporate

50

8

13

8

Divested businesses

(118) (157) (275)

273

710

817

(13%)

Total

(111)

(157)

(111)

41%

Funding costs

162

553

706

(22%) (23%) (21%)

Earnings/(loss) before tax Tax benefit/(expense) Earnings/(loss) after tax Non-controlling interests

96

(57)

(127)

(164)

(179)

105

426

542

(11)

(11)

(11)

(11)

0%

(190)

94

415

531

(22%)

Net earnings/(loss)

1 Measures (excluding B+I) before significant items are non-GAAP measures used by management to assess the performance of the business and has been derived from Fletcher Building Limited’s financial statements for the year ended 30 June 2018.

19 Fletcher Building Limited Annual Report 2018

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