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Brickworks (BKW) investor relations material
Brickworks Scheme Meeting 2025 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Opening remarks and agenda
Chair opened two consecutive meetings: the Brickworks share scheme meeting and the general meeting regarding performance rights for the proposed Topco CEO.
Quorum confirmed, and meeting adjourned and reconvened as per agenda.
Introduction of board, executive team, and key directors present.
Meeting commenced following the closure of the Share Scheme Meeting, with an agenda covering the general meeting overview, resolution, Q&A, voting, chairman's address, and closure.
Board and executive committee updates
Independent Board Committee led negotiations for the proposed combination, excluding directors with conflicts.
Board unanimously recommends shareholders vote in favor of the share scheme, citing value creation and growth.
Proposed appointment of Mr Todd Barlow, current MD & CEO of Soul Patts, as MD & CEO of Topco following the combination.
The Independent Board Committee and Soul Patts Board both recommended shareholders vote in favor of the FY26 LTI grant to Mr Barlow, with Mr Barlow abstaining from the recommendation process.
Strategic initiatives and plans
Proposed combination of Brickworks and Soul Patts under Topco aims to eliminate cross-shareholding and simplify structure.
The combination aims to create a $16.9 billion ASX-listed company with a simplified, well-capitalized balance sheet and increased scale.
Topco to raise AUD 1.4 billion via new share issuance to fund growth, pay down debt, and cover transaction costs.
Brickworks shareholders to receive 0.82 Topco shares per Brickworks share, implying a value of AUD 36.33 per share.
Implementation timeline includes court approval, ASX listing, and share allocation, with completion expected by 23 September 2025.
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- TMCV
Q2 FY26 delivered strong growth, margin gains, and record cash flow despite mark-to-market losses. - BMRI
2025 net profit up to Rp61.3T, assets at Rp2,830T, and NIM ranged from 4.59% to 4.89%. - XEL
Ongoing EPS reached $3.80 in 2025; 2026 guidance is $4.04–$4.16 with a $60B capital plan. - EL
Strong Q2 results and raised FY26 outlook, with sales and margins up despite headwinds. - KCR
Record profitability and strong orders in 2025; stable outlook for 2026 amid uncertainties. - 532539
Record Q3 FY26 revenue and profit growth, major expansions, and strong industry outlook. - HAE
Gross margin and net income rose despite lower revenue; guidance for EPS and cash flow increased. - QIGD
Revenue up 18% but net profit down 15% as higher costs and dividends reduced margins and equity. - MYCR
Record annual sales, Q4 order drop, strong Global Technologies, and four acquisitions. - 532548
Revenue up 18.4% YoY, margin gains, and capacity expansions support a positive outlook.
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