About the Company
Established in 1949 as a small private tooling and manufacturing shop
in Brisbane, RWC today continues to pioneer and innovate plumbing
products for residential, commercial and industrial plumbing
applications. Its unique end-to-end meter to fixture and floor to
ceiling plumbing solutions target the new construction, renovation,
service, repair and re-model markets.
RWC is a preferred supplier of high-quality products, including its
brass and plastic Push-to-Connect (“PTC”) fittings, PEX pipes, valves,
manifolds, thermal interface units, underfloor heating components and
various accessories to the plumbing and HVAC industry globally. RWC
markets its products under industry-trusted brands such as SharkBite,
Cash Acme, JG Speedfit, Reliance Water Controls, RMC Water Valves,
StreamLabs and HOLDRITE to the wholesale, OEM and retail channels via
well-established partner companies.
In 2004 RWC introduced its SharkBite branded Push-to-Connect (“PTC”)
fittings into the US repair & remodel market for professional
contractors and DIY’ers alike. PTC replaces the traditional, labour
intensive crimp and expansion PEX systems and copper solder fittings,
saving installers significant time and labour and freeing them up to
move on to the next project quickly. Moving forward the company is
expanding further into the new residential market with the launch of the
new EvoPEX plastic PTC fitting and into the Commercial market with the
recent acquisition of HOLDRITE and its range of complimentary
commercially oriented products.
In 2018, RWC acquired UK based John Guest group, a global leader in
plastic PTC fittings and related products. John Guest has extensive
operations across the UK, Europe, the US and parts of Asia, providing a
strong platform for further expansion. John Guest owns key brand names
such as John Guest, Speedfit, Polar Clean and ProLock. The acquisition
represents a strong strategic fit that brings diversification of RWC’s
geographic, product and channel exposure.
Company Facts & Figures
- RWC’s global operations are headquartered in Atlanta, Georgia, USA.
- A small corporate office is maintained in Melbourne Australia.
- RWC, following the acquisition of John Guest, has 15 manufacturing
facilities, 24 distribution centres and 5 R&D locations across its
Americas, Asia Pacific and EMEA operating segments. The combined
business employed over 2,300 people at 30 June 2018.
- RWC listed on the Australian Securities Exchange in April 2016 and is in the S&P/ASX100 index.
Further information may be obtained from their website at http://www.rwc.com/au/
About the Role
This position is responsible for the overall Investor Relations
program of Reliance Worldwide Corporation (RWC), including both the long
term strategy and the annual goals & objectives, as well as the day
to day execution. This position will report to the Group CFO but will
work closely with the Group CEO, senior management and the Board in
developing and executing the program. The role will also participate in
key management meetings, business reviews and strategy sessions in order
to ensure the individual can fully and comprehensively represent the
company’s direction and performance.
The overarching objective is to ensure that the company, its
businesses, its strategies, its performance and its management team are
positioned accurately, positively and consistently with key
stakeholders. The role has primary responsibility for managing
relationships and communication with institutional and retail
shareholders, broking analysts and sell side sales teams.
Key Responsibilities
- Lead the development of an Investor Relations 3-year strategy
- Develop an annual IR plan that includes key goals & objectives for the year, along with supporting activities
- Develop and pro-actively manage both buy and sell-side relationships:
- Develop and maintain strong working relationships with all key
sell-side analysts and brokers as well as key buy-side analysts and fund
managers
- Become trusted first point of contact for all analyst and investor
inquiries, and be capable of handling analyst and investor meetings
directly
- Ensure high quality sell-side research on RWC is published and seek
to expand coverage where practical. Pro-actively engage with analysts
both to influence points of view and to correct any factual errors
- Work to cultivate and expand institutional shareholder register, particularly outside Australasia
- Develop and execute a high-quality investor relations marketing and communications program:
- Undertake an effective roadshow and conference schedule, with a
particular emphasis on continuing to diversify the shareholding base
- Highest quality Half Year and Full Year market briefings (including development of briefing materials)
- Plan and undertake regular analyst and investor strategy briefings and site visits that support annual goals & objectives
- Maintain an appropriate and accurate database of communications with analysts and investors
- Lead and/or support other key shareholder communications:
- Assist in preparation of other major shareholder communications (e.g. Annual Report)
- Oversee the Investor section of the RWC website, including maintenance of relevant content and ongoing development as required
- Support Company Secretary with annual shareholder meeting as required
- Work with senior management, Disclosure Committee to develop and
coordinate an effective media strategy and appropriateness of
announcements
- Track and analyse key shareholder and analyst activity:
- Track and monitor movement in the share register and provide analysis and insights to senior management and the Board
- Monitor shareholder activism and report on significant
communications from shareholder activists and industry bodies such as
the Australian Shareholders Association
- Work with the VP of Management Accounting/FP&A to analyze and
track analyst forecasts and maintain analyst consensus estimates
- Track and disseminate reports from analysts; prepare reports for
senior management and the Board summarizing analyst / market response
when there are significant events (e.g. earnings releases, major
business updates); prepare response to reports and significant issues
raised as warranted
- Lead and/or support relevant Environmental, Social & Corporate Governance (ESG) initiatives:
- Contribute to RWC’s ESG positioning and lead the working group developing the company’s approach to ESG
- Oversee key communications related to ESG, including the annual ESG report and the relevant content on the website
- Develop appropriate internal and external analyses:
- Continually increase knowledge of the company, including its
markets, its customers, and its products as well as its operations and
internal support functions
- Become familiar with and help maintain / update an internal
valuation model; understand and analyze differences with analyst models
- Work with the VP of Strategy/M&A to track performance and public
releases from our key competitors and other relevant industry
participants; develop a peer comparison model
- Provide critical business leadership and strategic support:
- Contribute to the overall growth, development and leadership of the
business by developing a deep understanding of the core operations and
economics of the business; identifying the pools of value within the
value chain; and contributing strategies and tactics to unlock those
pools of value
- Provide additional strategic, analytic and project support to the
Group CEO, Group CFO and other Group or Segment leaders as required
(e.g., supporting M&A activities, debt & equity raising
activities; etc.)
Required Experience
- 5+ years of experience in Investor Relations for an ASX 100 company (ideally some of it as Head of IR)
- 10+ years of progressive experience in finance, strategy and/or other related commercial disciplines
- Understanding of and exposure to fundamentals of corporate finance and capital markets
- Demonstrated ability to leverage existing networks within relevant analyst and investor communities
- Experience operating in international business environments would be strongly preferred
- Exposure to, or knowledge of complex manufacturing environments would be preferred
- Experience operating in the building materials sector would be nice to have
Key Qualifications
- A tertiary qualification in accounting, finance, economics, strategy, commerce or a related discipline
- Thorough understanding of financial statements and an ability to analyse the numbers
- Understanding of different valuation methodologies and the value drivers for a specific company
- Strong desire to add value and drive impact and demonstrate a positive, “can do” attitude
- Ability to operate in a large, complex, global organisation
- Desire to take initiative and operate relatively independently to get results
- Ability to be a solution focused problem solver, not solely task oriented
- Effective project management skills
Personal Qualities
- Clear and logical thinker
- Ability to understand the core drivers of a business and think both strategically and tactically about drivers of performance
- Confidence and diplomacy skills communicate with key stakeholders
- Highly articulate and able to convey complex analysis and outcomes in a clear and compelling manner
- Demonstrates a sense of urgency and determination to drive for results
- Develops a function which is viewed by the business as a source of expertise and support
- Rigorously holds oneself and others accountable for achieving high levels of performance
- Self-directed with a high level of initiative and motivation
- Highly collaborative and takes the initiative to work closely with key functional experts across the business
- Willing to engage in extensive international travel in order to stay
close to key business issues as well as the analyst and investor
communities
Applications
Applications for this role should be directed to the AIRA Secretariat via email
[email protected].
Applications will be accepted up until 18 January 2019. All applications will be treated in the strictest confidence.
Further Information
To discuss this role further, please contact Ian Matheson at the AIRA
Secretariat +61 2 9872 9100. Please note, all inquiries should be
directed to AIRA and not the company directly.