GWA : Annual General Meeting Presentation to Shareholders
October 24, 2019 at 10:31 pm EDT
Share
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
2
01 Chairman's Address
3
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
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
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
GWA Group Limited is an Australia-based supplier of building fixtures and fittings to households and commercial premises. The principal activities of the Company include research, design, import and marketing of building fixtures and fittings to residential and commercial premises, and the distribution and installation of various products through a range of distribution and customer channels in Australia, New Zealand and selected international markets. Its water solutions segment includes sale of vitreous China toilet suites, basins, plastic cisterns, taps and showers, baths, kitchen sinks, laundry tubs, domestic water control valves, smart products and bathroom accessories. The Company's brands include Caroma, Methven, Dorf and Clark. Its subsidiaries include Caroma Holdings Limited, Caroma Industries Limited, Caroma International Pty Ltd, Caroma Singapore Pte Ltd, Deva Tap Company Ltd, GWA Finance Pty Limited, GWA Group Holdings Limited, and GWA Group Holdings (NZ) Limited.