Market Eye‘Consumer & Financials’ Investment Conference

Australia's leading supplier of aluminium products and solutions

5 plants; 8 extrusion presses

18 distribution centres Australia-wide

Annual extrusion capacity 70k tonnes

Annual turnover ~$450 million¹

Residential, commercial construction, industrial

Over 1,050 FTEs

¹ 12 months to 31 Dec 2017

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National footprint of aluminium extrusion plants and distribution centres

Distribution centres

Extrusion plants

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Distribution centresExtrusion plants

WA - Canning Vale ▪ Capacity 8k tonnes, 1 press

SA - Angaston▪ Capacity 9k tonnes, 1 press▪ 1 paint line

VIC - Campbellfield▪ Capacity 9k tonnes, 1 press▪ Large industrial press▪ 1 paint line

QLD - Bremer▪ Capacity 35k tonnes, 4 presses▪ 2 paint lines and anodising line

NSW - Penrith▪ Capacity 9k tonnes, 1 press

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Volume Breakdown

Extrusion Direct Ex Mill

50%

Extrusion via RDC

35%

Rolledvia RDC

15%

▪ ~85% of total volume extruded in our Mills

▪ ~15% of total volume is rolled (sheet & plate)

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ResidentialBuilding

43%

NonResidential

Building14%

Industrial43%

Diverse industry exposureChannels to market (volume)

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Where Capral’s residential & commercial products end up

Walan Apartments - Brisbane Adagio Apartments - Perth

Beach House – St Andrews VIC

Project Home

Conditions softening in Residential market

▪ Residential commencements slowing

‒ Detached housing, Capral's primary market is steady

‒ Multi-Residential is falling¹

▪ Facade Solutions division established in 2017 to address multi-res market

▪ Weakness in Western Australia and North Queensland housing markets during 2017

¹ Source: BIS Oxford Economics Nov 2017 forecast (2 quarters delayed)

Annual Dwelling Commencements¹ (‘000)

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0

50

100

150

200

250

2010 2011 2012 2013 2014 2015 2016 2017 (E)2018 (F)

Detached Housing Multi-Res Low Rise Multi-Res High Rise

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Where Capral’s industrial products end up

Maxi CUBE Tautliner

Fred Olsen Trimaran - Spain

Perth Stadium

Industrial sector robust

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▪ Transport segment growing

▪ Growth driven by infrastructure projects and fleet replacement

▪ Marine sector recovering

− Commercial ferries strong − Expect to benefit from future Government

ship building programmes

▪ Manufacturing and general fabrication remain steady

Total Capral Industrial Volumes (Index 2012)

Source: Capral

0

20

40

60

80

100

120

2012 2013 2014 2015 2016 2017

Extrusion market remains relatively strong

Source: Capral 9

156161

173

179

186 184 183

125

150

175

200

'000Tonnes PA

Aluminium Extrusion Market Sales Volume

Source: Capral

(Forecast based on BIS Oxford Economics forecasts and GDP projections)

42.2 42.845.7 45.9

53.8 52.6

0

20

40

60

2012 2013 2014 2015 2016 2017 2018

Capral Extrusion Production Volume

(f)

Total Market 2017 184KT

Strategy and Outlook

“Invest in technology to ensure Capral’s long termcompetitive position"

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BUILDOn our strengths

OPTIMISEWhat we do

GROWFor the future

Key Strategies Remain Consistent

➤ BUILD on our strengths• Widest range• National manufacturing and distribution network• Innovative Aluminium systems and supply chain solutions• Committed and experienced people setting the benchmark in Aluminium expertise

➤ OPTIMISE what we do• Lean manufacturing driving to world class productivity levels• Continually improve key customer service metrics• Invest in new technology to increase our productivity and lower cost• Optimise our supply chain to maximise efficiencies

➤ GROW for the future• Leverage our capabilities into new opportunities• Develop innovative new products and value add opportunities• Capitalise on positive anti-dumping outcomes• Leverage Schüco agency to enhance our presence in the architectural market

Value Proposition - “Australia’s leading supplier of high quality Aluminium products”

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Key Capital Investment Projects to improve competitiveness

▪ Invest in new technology to further reduce operating costs (2018 Capex ~$10m) Automated product handling and packing installation at Bremer Park, QLD Robotic packing line at Penrith, NSW Investment in latest paint line technology at Canning Vale, WA

▪ Warehouse consolidation in WA Relocate distribution centres into an extension at the Canning Vale extrusion site

▪ Invest in baling equipment to improve scrap recycling rates and recover higher prices

▪ Invest in technology to deliver better efficiency and service Increase online sales through Capral's E-Store and EDI CRM system to improve salesforce efficiency and customer service Continue to develop website functionality for customers and specifiers

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2010 – Modest impact from initial measures on Chinese imports

• Case won in 2010 with low level duties imposed

• Circumvention activities diminished the impact

2014 – Anti-Circumvention• Anti-Circumvention case successfully prosecuted against largest Chinese exporter

2015 – Measures increased

• Reforms to legislation & methodology

• Oct 2015: Increased measures on Chinese imports to 2020

2017 – New cases initiated

• Measures imposed against Vietnam and some Malaysian imports

• Nov 2017: Review of China variable measures resulted in higher duties

• New cases against Thailand and two large Chinese exporters

• Anti-Circumvention transhipment case initiated

2018 →

• Continue to interact with Government around strengthening the anti-dumping regime

• Continue to monitor and pursue anti-circumvention /non compliance activities

Capral has taken lead industry role in pursuit of fair trade

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Questions

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