Vulcan Steel

Vulcan Steel was founded by Peter Wells in Auckland in 1995 as a steel distribution business.

The company has grown dramatically since then, both organically and through acquiring 10 established businesses.

Vulcan entered the Australian market in 2002 through the acquisition of 50% of Horan Steel, and its most important purchase was Sandvik’s Australasian stainless steel distribution business in late 2014. It bought the remaining 50% of Horan Steel in 2019.

The company is now in 16 locations around Australia, with 460 staff, and 13 locations in New Zealand, with 382 employees here. Last year it generated $451.1 million worth of sales in Australia and $280.4m in New Zealand.

See original story by Brian Gaynor.

Company Details

Registered Office: 29 Neales Road, East Tamaki, Auckland 2013, New Zealand

Postal Address: 29 Neales Road, East Tamaki, Auckland 2013, New Zealand

Telephone: +6492737214

Facsimile: n/a

Website: https://vulcan.co/

First Listed: 04/11/2021

Balance Date: 30 June

AGM: 20/10/2022

Directors and Executives

Wayne Boyd

Non-Executive Director

Adrian Casey

Chief Operating Officer

Russell Chenu

Chair

Bart de Haan

Independent Non-Executive Director

Rhys Jones

Chief Executive Officer and Managing Director

Carolyn Steele

Independent Non-Executive Director

Kar Yue Yeo

Chief Financial Officer

Announcements

Title	Date	Type
Change of Director's Interest Notice	Wed, Nov 29 2023 08:45 am	SHINTR
Change of Director's Interest Notice	Wed, Nov 29 2023 08:40 am	SHINTR
Change of Director's Interest Notice	Fri, Nov 17 2023 04:01 pm	SHINTR
UBS Australasia Conference presentation	Tue, Nov 14 2023 08:57 am	GENERAL
Annual Meeting of shareholders results	Wed, Nov 08 2023 02:42 pm	GENERAL
Annual Meeting of shareholders presentation	Wed, Nov 08 2023 09:16 am	MEETING
Updated - Dividend/Distribution - ASX Appendix 3A.1	Mon, Oct 09 2023 11:06 am	GENERAL
2023 Notice of Annual Meeting of shareholders	Fri, Sep 29 2023 09:04 am	MEETING
Appointment of Nicola Greer to Vulcan’s Board	Mon, Sep 04 2023 04:22 pm	GENERAL
Correction to FY23 Annual Report	Thu, Aug 31 2023 09:47 am	ANNREP

Major Holdings Announcements

Date	Name	No. Held	%	Current
25/01/23	Forsyth Barr Investment Management	7,923,216	5.01	6.03
07/03/22	Takutai Limited as trustee of the T	18,666,039	14.01	14.20
08/11/21	Helen Cynthia Moore, Patrick James	5,400,000	6.85	4.11
08/11/21	Vulcan Sale Company Limited	-	39.83	-
08/11/21	Rhys Jones and Lorraine Susan Taylo	4,718,000	5.98	3.59
08/11/21	Wide View Enterprises Limited	4,604,009	5.84	3.50
08/11/21	Adrian John Casey, Henderika Fiona	5,870,711	7.45	4.47
08/11/21	Partitio Trustee Limited as trustee	7,303,688	9.26	5.56
04/11/21	Vulcan Steel Limited	79,064,144	-	60.17

Director’s Interests Announcements

no directors' interests listed

Analysts’ Forecasts

	profit2021	profit2022	eps2021	dps2021	sales2021	ebit2021	ebitda2021
mean	104.0	79.1	57.0	1,275.0	185.2	228.2
high	104.0	79.1	57.0	1,275.0	185.2	228.2
low	104.0	79.1	57.0	1,275.0	185.2	228.2
sample	1	0	1	1	1	1	1

Disclaimer

Data on this page is from BusinessDesk and NZX Ltd for information purposes only. Details are believed to be accurate but no warranty is given as to accuracy, timeliness, reliability or completeness. No person should rely on the contents of the report and all persons should obtain independent professional advice before acting on any information connected with or contained in this report.

Last Updated: 02/06/2023