25 October 2019

ASX On-Line

Manager Company Announcements

Australian Securities Exchange

Dear Sir

Annual General Meeting Presentation to Shareholders

In accordance with Listing Rule 3.13, we enclose the Chairman's and Managing Director's Address to Shareholders at the GWA Group Limited Annual General Meeting to be held at 10:30 am (AEST) today at the Hilton Hotel, Brisbane.

An audio recording of the AGM presentation will be made available on the GWA website at www.gwagroup.com.aufollowing the conclusion of the meeting.

Yours faithfully

R J Thornton

Executive Director

Superior Solutions for Water

Annual General Meeting

25 October 2019

Agenda

01 Chairman's Address

02 CEO Presentation

03 Formal Business

04 Close

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01 Chairman's Address

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Solid FY19 result

GWA performed ahead of the market and delivered a solid financial result

  • FY19 represents our 4th annual period of increased market share
  • B&K revenue steady despite 1.4% decline in GWA's addressable market
  • Strong cost discipline delivered stable EBIT margin
  • Continued robust cash generation and returns to shareholders - FY dividend up 3%; TSR 20% in FY19

Continued momentum in delivering superior water solutions strategy

  • Strengthened position in core market segments (R&R, Commercial) in Aust/NZ - progressing opportunities in adjacent categories (Commercial R&R, Aged Care)
  • Successful launch of Caroma Smart Command® - opens further opportunities in water solutions
  • Methven acquisition increases our presence in R&R, taps and shower-ware and opens up new international markets

GWA is positioned to compete through the cycle

  • Strengthened presence in more stable R&R segment - increased from 52% to 59% of revenue
  • Delivering revenue growth in identified segments (Commercial, Commercial R&R, aged care)
  • Strengthened customer engagement, consumer initiatives and delivering continued market share growth
  • On track for $9 - 12m cost savings by FY21
  • Methven acquisition is being integrated - on track to realise at least NZ$5m cost synergies by FY21

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GWA Group Limited published this content on 25 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 October 2019 02:30:04 UTC