page_title: Brickworks Limited
section_title: Corporate Structure
hierarchical_section_title: Brickworks Limited / Corporate Structure
caption_attribution_description: English: Glen-Gery Park Chelsea Apartments
context_page_description: Brickworks has been building the Australian dream for over a century. Today, Brickworks is more than Australia's largest and most trusted brick manufacturer. It comprises a diversified portfolio of attractive assets, offering shareholders stability and long-term growth. The company has a proud track record, having paid a dividend every year since listing on the ASX in 1962.
  Brickworks comprises four divisions – Building Products Australia, Building Products North America, Industrial Property, and Investments.
  Building Products Australia includes Austral Bricks, the country's largest bricks producer, and other leading brands such as Austral Masonry, Austral Precast and Bristile Roofing. Building Products North America is the leading brick producer in the North-east of the United States and includes the flagship brand of Glen-Gery.
  On surplus land assets, Brickworks has developed extensive industry property assets in conjunction with Joint Venture partner the Goodman Group. These facilities help its customers to meet the supply chain needs of the growing digital economy.
  Brickworks also has a long-standing investment in Washington H.
context_section_description: Under the Brickworks Limited umbrella are four main groups: Building Products Australia, Building Products North America, Property, and Investments.
  1. Building Products Australia is a leading Australian manufacturer and distributor of building products, and up until 2002 consisted only of brick manufacturing across New South Wales and Queensland. This branch is responsible for the operation of the company's 13 current brands of building products, from sourcing raw materials, to manufacturing, to warehousing, to distribution and logistics, to marketing and promotion and sales.
  This branch is also responsible for research, development and design of new products to cater or serve the demands of the building industry and the market in general. It also houses the company's creative force in coming up with innovations in building products, setting trends and incorporating new technology to manufacturing and design.
  
  In total, Building Products Australia comprises 68 locations in the country including manufacturing plants, as well as Design Studios and Centres, including its flagship Sydney Design Studio.
  2. Building Products North America was established upon the acquisition of Glen-Gery in November 2018. This was followed by the acquisition of Sioux Cuty Brick in August 2019 and Redland Brick in February 2020.
  With a leading position in the Midwest, Northeast and Mid-Atlantic states, this group boasts 28 locations across the continent, being manufacturing plants, masonry supply centres, and Design Studios, including its soon-to-be-opened flagship New York City Design Studio on Fifth Avenue. 
  3. Property exists to maximise the value of surplus land created by the Building Products business. Operational land that becomes surplus to the business needs is transferred to the Property division where it is assessed for optimum land use.
  The Joint Venture Industrial Property Trust is a 50/50% partnership between Brickworks and Goodman Industrial Trust. Over the past decade it has grown significantly and now has a total asset value of over $1.7 billion. After including debt, Brickworks 50% share of the Property Trust has an equity value of $633 million.
  The Property branch of the company consists of:
  Land Sales
  Property Trust
  Waste Management
  The business maximises the value of surplus land through:
  a. Residential and other land to be:
  Rezoned, rehabilitated & prepared for sale by Brickworks
  Sold to the open market
  b. Industrial Land to be:
  Rezoned and rehabilitated by Brickworks
  Assessed for inclusion in a property trust and held long term
  In addition to the Property Trust, the Company holds around 3,750 hectares of operational land and 370 hectares of development land. The company also holds 2,400 hectares of land in North America
  4. Investments primarily consists of a 39.4% stake in Washington H. Soul Pattinson (WHSP), an S&P/ASX100 listed company (ASX: SOL). It provides a steady cash-flow stream via dividends that shelters the business during downturns related to the construction industry as well as the overall economy, allowing for long-term strategic decision making. 
  This shareholding in WHSP is an important source of earnings and cashflow diversification for the company and has been a key contributor to Brickworks’ success for more than four decades. The market value of Brickworks shareholding in WHSP was $2.142 billion at 31 July 2019. In March 2019, WHSP was admitted into the ASX100, a significant achievement for the company.
  WHSP holds a significant investment portfolio in a number of listed and unlisted companies including Brickworks, TPG Telecom, New Hope Corporation, Australian Pharmaceutical Industries, Apex Healthcare Berhad and TPI Enterprises.
  This provides WHSP with a diversified end market exposure. Over more than four decades, WHSP has delivered an uninterrupted dividend stream that reflects the earnings from WHSP's diversified investments. This dividend helps to balance the cyclical earnings from Brickworks’ Building Products and Property divisions.
caption: Glen-Gery, Park Chelsea Apartments, Washington DC 2019
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