Fleetwood (FWD) AGM 2024 summary

Opening remarks and agenda

• Meeting opened with acknowledgment of traditional custodians and respect paid to Elders past and present, confirming quorum for a hybrid AGM format.

• Board and executive team introduced, including new General Counsel and Company Secretary; Chair highlighted leadership in modern modular construction.

Financial performance review

• EBIT rose 95% to AUD 8.2 million; NPAT up 90% to AUD 3.8 million.

• Free cash flow was AUD 5.7 million with a 79% cash conversion rate.

• Building Solutions returned to profitability; order book increased to AUD 182 million from AUD 127 million in June 2023.

• Searipple Village FY24 occupancy at 34%, with FY25 contracted at 72%.

• Group safety performance improved with a 30% reduction in TRIFR.

Board and executive committee updates

• Board composition and committee responsibilities outlined, with a Chair, four Non-Executive Directors (each chairing key committees), and the Managing Director & CEO.

• New Head of Communities appointed to drive integration and growth.