Connector News and views from the co-operative - NZPM

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Connector News and views from the co-operative - NZPM
April 2020

                                                                                                  In this month’s issue:
                                                                                Director’s point of view from Peter Faul
                                                                                        pwGO website announcement

Connector
                                                                                                           Metrix Update
                                                                                                     YPOTY 2020 Update
                                                                          Future Governance Article from Dave Morgan

News and views from the co-operative.

Chair update.
What an incredibly crazy and         sheet, and with the resilience and      interest in the future governance
saddening couple of months           flexibility to weather this event.      of the co-operative, and who also
we’ve seen, particularly during      The investment we’ve made in            demonstrate the core attributes
March, with the spread of            digital and technology solutions        for development and mentoring
COVID-19 creating a deadly           will also stand us in good stead,       as potential future directors. 
worldwide pandemic, and as I         and due to the foresight of our
write this, New Zealand with an      management team we have a
increasing number of confirmed       good level of stock in both Metrix
cases and now in the early           and Plumbing World to support
stages of a Level 4 Alert. Whilst    our customer’s needs over the
a number of our customers            forthcoming months.
are still operating as ‘essential
services’, many of our members       So, as we navigate these new and
businesses will undoubtedly be       unprecedented times in New
significantly impacted by the        Zealand, we’ll continue to operate
trading restrictions imposed, and    the business in the most effective
as a co-operative we’ll continue     and efficient manner, with the
to work with our shareholders        best interests of the co-operative
during these turbulent times.        paramount in our thinking. To
                                     underpin this, we’ve engaged
Obviously both Plumbing World        Richard Westlake the founder
and Metrix are also severely         of Westlake Governance to carry
affected by this sudden reduction    out a review of both the Board
in customer demand, which has        and Executive team over the next
resulted in our business virtually   few weeks. Many of you will have
shutting down for at least the       heard Richard speak at our AGM
next four weeks. This will create    last August about governance
a significant drop in both our       in the co-operative sector, and
revenue and profit, and whilst we    how sound board leadership and
don’t expect this to impact on the   direction for the business will
level of dividend we pay on our      become increasingly important as
redeemable preference shares,        we grow and develop our vision of
it is likely to mean that a lower    being a 100-year co-operative.
than previously anticipated rebate
dividend will be declared on our     To continue that process of
ordinary shares for the current      developing our governance
financial year. A more detailed      capability, we’ll again be running
announcement in relation to this     our NZPM Future Governance
change is available on our NZPM      Programme in 2020, and
website: www.nzpm.co.nz              applications are now open
                                     through until 17th July for up
Fortunately, the work we’ve done     to two shareholder members
over the last 18 to 24 months sees   to participate. We’re seeking
the co-operative in good financial   applicants who have a strong
health, with a strong balance
Connector News and views from the co-operative - NZPM
This is a fantastic opportunity        and to consider a scenario where       carefully over the forthcoming
to learn more about your               we may be in lockdown (or a            period will be critical to your
board and how they operate,            restricted state) for longer, and      resilience.
and at the same time receive           where commerce may take
some professional training as a        significantly longer than expected     Kind Regards,
company director.                      to return to sustainable levels. For
                                       those working in the construction
Finally, whilst we’re all obviously    market, the risks associated
hopeful of a return to at least        with working for companies and
some level of normality after the      developers with the thin balance
next few weeks, I urge all of our      sheets frequently seen in this         John DeBernardo
members to look at their own           sector are huge. Managing your         NZPM Chair
business restart plans carefully,      creditors, debtors and cashflow

A word from Rob Kidd.
As John has already said, we are       further restrictions such as;          With both of these technologies
now operating in unprecedented         • A possible extension of Level 4      you are able to order product for
times.                                                                        delivery direct to your workshop
                                       • A drop to Level 3 which may still
                                                                              or construction / plumbing
During the course of the                 incur a number of travel and
                                                                              site — no travel by you or your
Governments Level 4 COVID-19             other restrictions imposed by
                                                                              tradespeople required.
national lockdown, Plumbing              the government
World are able to continue             • A drop to Level 2 where people       If you wish, you can also order the
providing product for essential /        may still choose to travel less      product and have it ready for pick
emergency service work.                                                       up from your local branch without
                                       The pwGO App which was                 having to come in and pick the
While our branches remain shut,        launched late last year is already     items yourself.
you are able to utilise our call-out   up and operating for use on
service to access product you          mobile devices, and will enable        Thank you for your support
need for undertaking emergency         you to continue ordering product       of Plumbing World and let’s
work — please refer to the             under Level 2, 3 and Level 4           continue to work together
communication we sent you on           scenarios.                             through these challenging times
Tuesday 24th March and again                                                  to ensure your co-operative
on Friday 27th March where             If you don’t have the pwGO App         continues to be strong and
we outline what constitutes            loaded and want to know more           resilient through the months and
emergency work and then access         please contact your Plumbing           years to come.
the call-out service by ringing        World sales representative or local
your branch manager directly on        branch manager — both groups           Regards,
their mobile phone.                    are available by mobile phone or
                                                                              Rob Kidd
                                       email — to enable the service you
If you don’t have their mobile                                                Plumbing World GM
                                       require.
number already loaded on your
phone, or for some reason can’t        We are also on track for pwGO
get hold of the branch manager,        Online (the online programme
please go to www.plumbingworld.        to replace the existing tradepass
co.nz and click on the “on-call        trade portal) to go live in April.
request” tab which will take you       Developed utilising the same
through to your branch and either      technology as the App, pwGO
the manager’s mobile number or         Online is super user friendly, will
another person from the branch.        enable you to easily search for
Please also follow us on our           product including photographs
Facebook page ‘Plumbing World          and product specification
NZ’ for up-to-date COVID-19            information, order product from
information as well.                   Plumbing World online from your
                                       computer, as well as provide your
We are also anticipating that          invoice statements and product
beyond April 22nd, there may be        catalogue information.
Connector News and views from the co-operative - NZPM
2020 Future Governance Programme.
                                           who have indicated a strong                opportunity for up to two
                                           desire to be involved in the future        shareholder members each
                                           governance of the co-operative,            year to become involved in
                                           and who also demonstrate the               the governance aspect of the
                                           core attributes for development            co-operative by learning more
                                           and mentoring as potential future          about your Board and how they
Applications are now open for our          directors.                                 operate, whilst at the same time
2020 NZPM Future Governance                                                           receiving professional learning as
                                           Applicants will be shortlisted and
Programme.                                                                            a company director.
                                           interviewed by an independent
Following the success of this              selection panel during July, and           We are currently seeking
initiative over the last three years,      the successful candidates will be          applications to participate in the
the NZPM Board is pleased                  announced at this year’s AGM in            2020 programme from interested
to announce the opening of                 Rotorua in August.                         ordinary shareholder members
our 2020 Future Governance                                                            until 17 July this year.
                                           This year we’ve lengthened the
Programme, as we continue                  programme, and the selected                If you have any questions or
to help foster future elected              candidates will be expected                would like to apply to participate
director capability from within            to attend and participate in               in the programme please
our ordinary shareholder                   NZPM Board meetings between                contact us at:
membership pool.                           September 2020 and August                  governance@nzpm.co.nz,
The objective of the programme is          2021. During that time they’ll also        or you can speak direct with
to identify potential future elected       receive some Institute of Directors        NZPM Group Chairman John
directors for the NZPM Board, by           structured governance training,            DeBernardo on 021 424 944.
selecting up to two shareholder            and one-on-one mentoring
applicants to participate in the           from an independent professional
programme in this year.                    director.
It is expected that the successful         The NZPM Future Governance
applicants will be shareholders            Programme offers a great

                                                                                          pw
Access everything!
One login ID, linked with a Plumbing World trade account is
all you need to access both the pwGO website, and the pwGO app.
If you are already registered on the pwGO app, you can login to the new website platform using the
same login details. Any new or existing TradePass users will need to register on the website.

                                                                                                       Website
      pwGO website                                                                                     going live
                                                                                                        in April!
      AVAILABLE APRIL

               Order Products.
               Thousands of products to shop from our
               trusted suppliers.

               Spec & Safety Data Sheets.
               View and download specification and
               safety sheets.

               Custom Lists.
               Create and manage products with
               custom lists.

               Invoices & Statements.
               Account owners can view and download
               account financials.

               Manage Users.
               Account owners can manage their staff
               user profiles.

                                                                                           https://www.pwgo.co.nz/
Connector News and views from the co-operative - NZPM
Eat Up NZ.
Plumbing World has recently signed up to a
new community initiative called Eat Up NZ.
Eat Up New Zealand is a registered charity
that engages corporate groups to make
free lunches which are given to schools to
help support students who arrive to school
without adequate food.
They are currently supporting 20 schools in
the Manawatu, Rangitikei and Horowhenua
areas, with ambition to grow as they bring on
more corporate supporters to host sandwich
making events. The Plumbing World
Support Office will have their first sandwich
making event later in May (all going well
with Government restrictions). This will
form part of a team bonding exercise and
will take 60 mins for all Support Office staff
to be involved in. This aligns well with our
co-operative principles and we are proud
to support this initiative to support our
communities.

Director’s point of view - Peter Faul.
Hello to all.                         our customers are placed will         side in the best possible shape.
What a crazy time to be writing to    be vital to having our business’s     We can and we will, it’s what
you. I could never have envisaged     positioned to match their needs.      Kiwis do; Embrace the challenges
only a few weeks ago we would         In the jobbing market there is        head on.
all be in a national lockdown. Like   likely to be some pent up demand
you I am sure, I have fingers and     that will require our attention and
                                                                            Regards to all.
toes crossed it will not have to go   could provide some bounce in the
                                      short term. Commercial projects       Peter Faul
on too long.
                                      already underway hopefully            Director NZPM and fellow
As a new director to NZPM I                                                 Businessman
                                      will continue to completion,
still couldn’t be more excited to
                                      however, there is no guarantee.
have joined the board. I love big
                                      I will be keeping in contact with
challenges and this certainly
                                      larger clients to keep a close eye
meets that criteria. Even more
                                      on developments during the
exciting is the strength of the
                                      lockdown to make sure we have
company, its balance sheet and
                                      the ability to adjust accordingly.
the commitment of its amazing
people led by an extremely            We are potentially in one of the
focused executive team. Their         luckier industries as demands for
preparedness will have the            our services won’t dry up as they
company in the best possible          did with the Hospitality industry.
shape to resume business as soon      Based in Queenstown I can tell
as the chance arises.                 you the immediate effect on
                                      tourism has been devastating.
What happens when we get
                                      Spare a thought for everyone
to restart our businesses will
                                      affected at this time, we need to
be top of mind for all. There is
                                      pull together as an industry and
much we don’t know at this
                                      as a nation to get out the other
time but determining where
Connector News and views from the co-operative - NZPM
Future Governance - Dave Morgan.
“I do what I do, not for thanks but    Holding to Account and Effective       most importantly, how I have
only because it’s the right thing      Compliance, don’t get overawed         grown professionally through this
to do” is a mantra I believe in        by them just understand them           great initiative.
not only in my business life but       and learn that they are the guide
also my family life. Being part of     to help you make good decisions
                                                                              Thanks to NZPM for the
the NZPM Future Governance             at a board level. Sounds deep
                                                                              opportunity.
Program has shown me that as           but it’s actually not. As mangers
a co-operative we have a very          and business people we actually
dedicated Board and Executive          engage in most of these daily, it’s    Dave Morgan
team who demonstrate this ethic        just someone put a fancy name to
in every action and decision that      them.
is made.                               Secondly, get involved put your
My journey through the last year       hand up and be prepared for a
as part of this programme has          very insightful journey. The people
helped me develop both as a            on the Board and Executive
manager in the business I am           team are there to help/guide and
currently managing, and it’s also      support the programme, and if
taught me to look above the            you listen, you will not only enjoy
business from a Governance level.      the journey but you will take away
This insight is what I would like to   insight that will assist you back in
share with anyone considering          your own business.
joining the Future Governance          Lastly, call me and at the cost
programme, so here goes.               of a beer I will tell you what
Firstly, understand the “Four          this journey has meant to me
Pillars of Governance” being           personally. I’ll tell you about the
Determining Purpose, An                new network of friends I have
Effective Governance Culture,          met, the insight I have learnt and

Obituary - Pekka Orpana.
In mid-February we were                range of strategies to improve the
saddened to hear of the loss           efficiency and profitability of the
of former NZPM Group CEO               business including the opening
Pekka Orpana, who passed away          of showrooms, instigation of the
suddenly. Pekka was appointed          new Cross-Dock Facility, and a
to the role in 1998 following the      review and restructure of the
retirement of Paul Cowan, and          senior management team.
after a lengthy recruitment
                                       Pekka left NZPM in 2004 during
process in both New Zealand and
                                       which time he had seen a huge
Australia.
                                       change in the co-operative, with
Arriving with a sound knowledge        sales increasing by over 50%,
of the plumbing industry               significantly improved customer
through his time with Tradelink        service and a steady increase in
in Australia, Pekka very quickly       shareholder membership.
picked up the nuances of a co-
                                       The NZPM Co-operative extends
operative company by touring
                                       our deepest condolences to the
the country and visiting every
                                       Orpana family on their loss.
Plumbing World branch. He then
commenced implementing a
Connector News and views from the co-operative - NZPM
Metrix Update.
To our Metrix customers, friends        all of our training modules,                           weeks well and safely. Wishing
and families.                           reviewing pricing, working                             you all the very best until we see
                                        remotely with Metrix Parnell                           you again.
New Zealand, like the rest of
                                        clients on their specifications, and
the world, is experiencing an
                                        updating our spare parts book.
unprecedented and incredibly
                                                                                               Kind regards,
challenging time that will impact       In coming weeks we will also be
massively on all of our health,         assisting Plumbing World with                          Garry, Andrea, Lorelei, Steve, Sally,
wellbeing, livelihoods and way          some online product training for                       Fleur, Vernon, Nadeem, Devon,
of life.                                their team.                                            Arezou, Anca, Ronita, Rikki-Leigh,
                                                                                               Jono, Craig, Sharleen and Paul.
Metrix will be adhering strictly to     Though this time, our customer
the Government’s edict that will        services team will still be able to
effectively lockdown New Zealand.       take your calls on 09 444 5656.
Our showroom and warehouse              From time to time family duties
will be closed from Thursday            may mean the phones will not be
March 26 and will reopen on             attended, but you have the option
Wednesday April 22, or whenever         of leaving a voice message or
the Government declares it safe         emailing us at info@metrix.co.nz.
and appropriate                         We will respond to you as quickly
to do so.                               as we can.
All of our staff will be working        If you would like to access our
from home as required as well           new bathroom design collection
as working on initiatives that          brochure, you can view it online,
will improve our business when          or download it from our website:
we are able resume business             www.metrix.co.nz.
operations. These include
                                        We hope that you, your family and
upgrading our website, updating
                                        friends all weather the coming

Young Plumber of the Year 2020.

                                                                            THERE CAN ONLY
2020 promised to be an exciting year for Plumbing World’s
Young Plumber of the Year – with incredible products
to showcase from our gold and silver sponsors, and over
                                                                           BE ONE
                                                                            THE R I S E O F T HE YO U NG P LU MBE R
                                                                                       21 D

$50,000 worth of amazing prizes up for grabs.
                                                                         $50,000                                                                                                                  INCLUDING A TRIP TO
                                                                                     20 E

                                                                                                                                                                                                  TOTO INDONESIA &
                                                                                                                                                                                                  $30,000
However, following the Ministry of Health guidelines                      IN PRIZES
                                                                                    L N

                                                                                                                                                                                                  WORTH O F TO O L S
                                                                          TO BE WON!                                                                                                              F R O M T O O LW A R E

relating to COVID-19, we have to regretfully postpone the
                                                                                                                                                                                                                                    Andrew Bright 2019 Young Plumber of the Year winner – Warwick Kirwan Plumbung Ltd
                                                                                  TI O

2020 Young Plumber of the Year competition until 2021.
                                                                                N P

As the Young Plumber of the Year is a pinnacle series
                                                                               U ST

of events on the industry calendar, planning will now
                                                                                  O

shift to the 2021 competition. We highly encourage
                                                                                P

young plumbers to enter over the duration of this year,
as any entries received during 2020 will automatically be
transferred to the 2021 competition.
                                                                                                                                              IT’S FREE TO ENTER! ASK YOUR BRANCH
For further information on the competition, including                                                                                         MANAGER OR VISIT WWW.YPC.CO.NZ

eligibility, prize pool, sponsors or to enter, visit https://           THANKS TO O UR SPONSO RS

youngplumbersclub.co.nz/young-plumber-of-the-year.
Take care,
The YPC team                                                                 SUPPORTED BY: Bromic Ltd, Heron Plumbing Ltd, HiFlo Plumbing, Hutt Gas & Plumbing Systems Ltd, Milwaukee, RMC, Toto and Whitehead Plumbing & Gas Ltd
Connector News and views from the co-operative - NZPM
Shareholder loyalty.
We love celebrating your loyalty to our co-operative and it’s great to see shareholders being
acknowledged. Congratulations to everyone who has recently received their loyalty awards.

                                                      50                                                               40
                                                     YEARS                                                            YEARS

                                                               Stuart Gladding of Alpha Plumbing accepting his 40 year
 Mr D A Busst accepting his 50 year loyalty award, presented   loyalty, presented by (left to right) Marcel Virtue (North Shore
 by Blair Funnell (Palmerston North Branch Manager).           Branch Manager, Rob Kidd (PWL General Manager) and Tristan
                                                               Wilkinson (Northern Region Regional Manager).

                                                      20                                                               20
                                                     YEARS                                                            YEARS

 Graham Anderson of Aquatite Plumbing and Drainage             Steve Sowerby of Coastal Drainage accepting his 20 year
 accepting his 20 year loyalty award, presented by James       loyalty award, presented by Edin Gribbin (Thames Branch
 Montgomery (Manukau Trade Supervisor).                        Manager).

                                                      10                                                               10
                                                     YEARS                                                           YEARS

                                                                John Wavish from Amazon Plumbing and Gasfitting
                                                                accepting his 10 year loyalty award, presented by
                                                                Marcel Virtue (North Shore Branch
 Paul Martin of Paul Martin Plumbing accepting his 10 year      Manager).
 loyalty award, presented by Lance Walters (Whangarei
 Branch Manager).

NZPM’s Mission
To contribute to our members’ business success by                                  Part of our NZPM Co-operative
representing their interests and delivering
performance excellence.
                                                                                                                          Page 7
Connector News and views from the co-operative - NZPM Connector News and views from the co-operative - NZPM Connector News and views from the co-operative - NZPM
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