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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934
For the Month of August 2023
1-15240
(Commission File Number)
JAMES HARDIE INDUSTRIES plc
(Translation of registrant’s name into English)
First Floor, Block A,
One Park Place
Upper Hatch Street, Dublin 2, D02, FD79, Ireland
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F..X....  Form 40-F.........
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): Not Applicable
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): Not Applicable



Table of Contents

TABLE OF CONTENTS
 

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Table of Contents

Forward-Looking Statements
This Form 6-K contains forward-looking statements. James Hardie Industries plc (the “company”) may from time to time make forward-looking statements in its periodic reports filed with or furnished to the Securities and Exchange Commission, on Forms 20-F and 6-K, in its annual reports to shareholders, in offering circulars, invitation memoranda and prospectuses, in media releases and other written materials and in oral statements made by the company’s officers, directors or employees to analysts, institutional investors, existing and potential lenders, representatives of the media and others. Statements that are not historical facts are forward-looking statements and such forward-looking statements are statements made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995.
Examples of forward-looking statements include:
statements about the company’s future performance;
projections of the company’s results of operations or financial condition;
statements regarding the company’s plans, objectives or goals, including those relating to strategies, initiatives, competition, acquisitions, dispositions and/or its products;
expectations concerning the costs associated with the suspension or closure of operations at any of the company’s plants and future plans with respect to any such plants;
expectations concerning the costs associated with the significant capital expenditure projects at any of the company’s plants and future plans with respect to any such projects;
expectations regarding the extension or renewal of the company’s credit facilities including changes to terms, covenants or ratios;
expectations concerning dividend payments and share buy-backs;
statements concerning the company’s corporate and tax domiciles and structures and potential changes to them, including potential tax charges;
statements regarding tax liabilities and related audits, reviews and proceedings;
statements regarding the possible consequences and/or potential outcome of legal proceedings brought against us and the potential liabilities, if any, associated with such proceedings;
expectations about the timing and amount of contributions to AICF, a special purpose fund for the compensation of proven Australian asbestos-related personal injury and death claims;
expectations concerning the adequacy of the company’s warranty provisions and estimates for future warranty-related costs;
statements regarding the company’s ability to manage legal and regulatory matters (including but not limited to product liability, environmental, intellectual property and competition law matters) and to resolve any such pending legal and regulatory matters within current estimates and in anticipation of certain third-party recoveries; and
statements about economic or housing market conditions in the regions in which we operate, including but not limited to, the levels of new home construction and home renovations, unemployment levels, changes in consumer income, changes or stability in housing values, the availability of mortgages and other financing, mortgage and other interest rates, housing affordability and supply, the levels of foreclosures and home resales, currency exchange rates, and builder and consumer confidence.

Words such as “believe,” “anticipate,” “plan,” “expect,” “intend,” “target,” “estimate,” “project,” “predict,” “forecast,” “guideline,” “aim,” “will,” “should,” “likely,” “continue,” “may,” “objective,” “outlook” and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. Readers are cautioned not to place undue reliance on these forward-looking statements and all such forward-looking statements are qualified in their entirety by reference to the following cautionary statements.
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Forward-looking statements are based on the Company’s current expectations, estimates and assumptions and because forward-looking statements address future results, events and conditions, they, by their very nature, involve inherent risks and uncertainties, many of which are unforeseeable and beyond the Company’s control. Such known and unknown risks, uncertainties and other factors may cause actual results, performance or other achievements to differ materially from the anticipated results, performance or achievements expressed, projected or implied by these forward-looking statements. These factors, some of which are discussed under “Risk Factors” in Section 3 of the Form 20-F filed with the Securities and Exchange Commission on 16 May 2023, include, but are not limited to: all matters relating to or arising out of the prior manufacture of products that contained asbestos by current and former Company subsidiaries; required contributions to AICF, any shortfall in AICF funding and the effect of currency exchange rate movements on the amount recorded in the Company’s financial statements as an asbestos liability; compliance with and changes in tax laws and treatments; competition and product pricing in the markets in which the Company operates; the consequences of product failures or defects; exposure to environmental, asbestos, putative consumer class action or other legal proceedings; general economic and market conditions; the supply and cost of raw materials; possible increases in competition and the potential that competitors could copy the Company’s products; compliance with and changes in environmental and health and safety laws; risks of conducting business internationally; compliance with and changes in laws and regulations; currency exchange risks; dependence on customer preference and the concentration of the Company’s customer base; dependence on residential and commercial construction markets; the effect of adverse changes in climate or weather patterns; use of accounting estimates and financial condition and all other risks identified in the Company’s reports filed with Australian, Irish and US securities regulatory agencies and exchanges (as appropriate). The Company cautions you that the foregoing list of factors is not exhaustive and that other risks and uncertainties may cause actual results to differ materially from those referenced in the Company’s forward-looking statements. Forward-looking statements speak only as of the date they are made and are statements of the Company’s current expectations concerning future results, events and conditions. The Company assumes no obligation to update any forward-looking statements or information except as required by law.


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EXHIBIT INDEX
 
Exhibit No.Description
Results for Announcement to the Market
ASX Cover 30 June 2023
Media Release
Management’s Analysis of Results
Management Presentation
Condensed Consolidated Financial Statements
Change in substantial holding
JHX Announces Exclusive National Relationship with DR Horton
2023 AGM Chairperson's Address and Presentation
Results of 2023 Annual General Meeting

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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
James Hardie Industries plc
Date:   8 August 2023
By:  /s/ Aoife Rockett
 
Aoife Rockett
 
Company Secretary

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EXHIBIT INDEX
 
Exhibit No.Description
Results for Announcement to the Market
ASX Cover 30 June 2023
Media Release
Management’s Analysis of Results
Management Presentation
Condensed Consolidated Financial Statements
Change in substantial holding
JHX Announces Exclusive National Relationship with DR Horton
2023 AGM Chairperson's Address and Presentation
Results of 2023 Annual General Meeting
7
Document

Exhibit 99.1
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James Hardie Industries plc
1st Floor, Block A
One Park Palce
Upper Hatch Street, Dublin 2,
D02 FD79, Ireland

T: +353 (0) 1 411 6924
F: +353 (0) 1 479 1128

8 August 2023
The Manager
Company Announcements Office
Australian Securities Exchange Limited
20 Bridge Street
SYDNEY NSW 2000
Dear Sir/Madam
Results for Announcement to the Market
James Hardie announced today its results for the 1st quarter and three months ended 30 June 2023 and has filed the following documents with the ASX:
ASX Cover Sheet
Media Release
Management’s Analysis of Results
Management Presentation
Condensed Consolidated Financial Statements
Copies of these documents are available on James Hardie’s investor relations website at
https://ir.jameshardie.com.au/financial-information/financial-results.
Yours faithfully
James Brennan-Chong
Director of Investor Relations and Market Intelligence
This announcement has been authorized for release by the Board of Directors of James Hardie Industries plc.
James Hardie Industries plc is a limited liability company incorporated in Ireland with its registered office at
1
st Floor, Block A, One Park Place, Upper Hatch Street, Dublin 2, D02 FD79, Ireland.
Directors: Anne Lloyd (Chairperson, USA), Peter-John Davis (Aus), Persio Lisboa (USA), Renee Peterson (USA),
Rada Rodriguez (Sweden), Suzanne B. Rowland (USA), Nigel Stein (UK), Harold Wiens (USA).
Chief Executive Officer and Director: Aaron Erter (USA)
Company number: 485719
ARBN: 097 829 895

                    
Document

Exhibit 99.2
Results for Announcement to the Market
James Hardie Industries plc
ARBN 097 829 895
Three Months Ended 30 June 2023
Key Information
Three Months Ended 30 June
 
 
FY 2024
US$M
FY 2023
US$M
Movement
Net Sales From Ordinary Activities954.31,000.9Down-5%
Profit From Ordinary Activities After Tax Attributable to Shareholders157.8163.1Down-3%
Net Profit Attributable to Shareholders157.8163.1Down-3%
Net Tangible Assets per Ordinary ShareUS$3.12US$2.22Up41%

Dividend Information
On 8 November 2022, the Company announced the replacement of ordinary dividends with a share buyback program

Movements in Controlled Entities during the three months Ended 30 June 2023
There were no movements in controlled entities during the three months ended 30 June 2023.


Associates and Joint Venture Entities
FELS Recycling GmbH (51%); Aplicaciones Minerales S.A. (28%)


Review
The results and information included within this Report have been prepared using US GAAP and have been subject to an independent review by external auditors.
Results for the three months Ended 30 June 2023
Contents
1.Media Release
2.Management's Analysis of Results
3.Management Presentation
4.Condensed Consolidated Financial Statements

James Hardie Industries plc is incorporated under the laws of Ireland with its corporate seat in Dublin, Ireland. The liability of members is limited. The information contained in the above documents should be read in conjunction with the James Hardie 2023 Annual Report which can be found on the company website at https://ir.jameshardie.com.au/financial-information/financial-results.

Document
Media Release
8 August 2023
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Exhibit 99.3
James Hardie Industries Announces First Quarter
Fiscal Year 2024 Results
Adjusted Net Income of US$174.5 Million
Operating Cash Flow of US$252.3 Million
Q2 Adjusted Net Income Guidance of US$170 million to US$190 million
James Hardie Industries plc (ASX: JHX; NYSE: JHX), today announced results for its first quarter ending 30 June 2023.
First Quarter Fiscal Year 2024 Highlights, Compared to First Quarter Fiscal Year 2023, as applicable:
Global Net Sales of US$954.3 million
Record Global Adjusted EBITDA of US$279.1 Million, with an Adjusted EBITDA margin of 29.2%
Record Global Adjusted EBIT of US$234.2 Million, with an Adjusted EBIT margin of 24.5%
Adjusted Net Income of US$174.5 million, up 13%
Adjusted Diluted EPS of US$0.39 per share, up 14%
Operating Cash Flow increased 64% to US$252.3 million
Speaking to the results, James Hardie CEO Aaron Erter said, “Our team’s focus remains simple: working safely, partnering with our customers, managing decisively, and controlling what we can control. This focus has enabled us to start the year strong, delivering our best ever first quarter results for both Adjusted Net Income and Operating Cash Flow.”
Mr. Erter continued, “I believe our last two quarterly results are proof points that we are accelerating through this cycle. We have a superior value proposition with the right products and solutions that help our customers grow profitably. Our team is focused on maintaining our momentum to deliver strong financial results again in the second quarter as highlighted by our guidance range provided today. We are homeowner focused, customer and contractor driven, providing the entire value chain with world class products and services.”
Media Release: James Hardie - First Quarter Ended 30 June 2023
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Media Release
8 August 2023
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First Quarter Segment Results
First Quarter Fiscal Year 2024 Results Compared to First Quarter Fiscal Year 2023 Results
North America Fiber Cement Segment
Net Sales declined 6% to US$694.8 million, on strong average net sales price (ASP) growth of +3%, more than offset by a decline in volumes of 9%. Volume of 747.8 million standard feet was ahead of May guidance of 680 million to 710 million standard feet. Stronger than expected volumes were due to profitable share gain and better than expected market conditions. The strong top line result, combined with significantly lower freight resulted in EBIT increasing 13% to a record US$217.6 million. EBIT margin expanded 540 basis points to a record 31.3%.
Asia Pacific Fiber Cement Segment
Net sales increased 5% to a record A$209.7 million. ASP growth of +12%, was partially offset by an 8% decline in volumes, primarily in our New Zealand business. The record top line result, combined with lower SG&A investments and relatively flat cost of goods sold per unit, led to EBIT increasing 35% to a record A$69.5 million. EBIT margin expanded by 750 basis points to 33.1%, also a record.
Europe Building Products Segment
Net Sales decreased 1% to €109.7 million. ASP growth of +23% was offset by a 18% decline in volumes, driven by the slowdown in the housing markets we participate in. EBIT of €10.8 million was down 5%, at an EBIT margin of 9.8%, which was a significant improvement sequentially.
Capital Resources
Operating cash flow increased 64% to US$252.3 million in the first quarter of fiscal year 2024, driven by strong results in all three regions and significant improvement in working capital. Working capital improved by US$51.8 million primarily due to lower inventory and higher accounts payable.
James Hardie Chief Financial Officer, Jason Miele, stated, “We continue to maintain a strong liquidity position, with our leverage ratio at 0.85x and US$580.7 million of liquidity. We improved our liquidity position by US$104.9 million since 31 March 2023, while also executing the next tranche of our share buyback program. We expect our continued robust operating cash flows will ensure we maintain this strong liquidity position. Our capital allocation framework remains unchanged and matches who we are, a growth company. The number one and primary focus of our capital allocation framework is to invest in organic growth."
Commenting on capital expenditures, Mr. Miele stated “Our capacity expansion program is guided by our expectation for sustainable long term profitable share gain. In Q1 FY24, total capital expenditures were US$125.6 million. Despite the changing market conditions, we remain committed to investing in capacity expansion, but we will continuously adjust, such that we remain flexible and agile to respond as demand increases coming out of this cycle.”
Since the commencement of our share buyback program in November 2022, we have bought back 5.8 million shares for total consideration of US$127.4 million.
Sustainability
Speaking on ESG, Mr. Erter said, “We plan to release our fiscal year 2023 Sustainability Report on 10 August. Sustainability is a never-ending journey for us. We continue to identify and develop solutions that do right by our planet, our people and the communities where we operate. We have increased our ESG commitments, with even larger ambitions across the company while putting roadmaps in place to get us there and hold ourselves accountable. While this is just the beginning, we are all ready to do our part in building a better future for all.”
Media Release: James Hardie - First Quarter Ended 30 June 2023
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Media Release
8 August 2023
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Outlook and Earnings Guidance
The outlook for the housing markets we participate in globally continues to remain uncertain. In our largest market, North America, the external data providers we utilize expect our addressable market to decrease between 5% and 18% in calendar year 2023 versus calendar year 2022.
Guidance for the second quarter of fiscal year 2024; we expect:
Adjusted Net Income to be in the range of US$170 million to US$190 million
North American volumes to be in the range of 740 million to 770 million standard feet
North American EBIT margin to be in the range of 30% to 32%
For the full year FY24, we expect to spend a total of approximately US$550 million in capital expenditures.
James Hardie’s guidance is based on current estimates and assumptions and is subject to several known and unknown uncertainties and risks.
Media Release: James Hardie - First Quarter Ended 30 June 2023
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Media Release
8 August 2023
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Key Financial Information
Q1 FY24Q1 FY23Change
Group (US$ millions)
Net Sales954.3  1,000.9  (5)%
Adjusted EBITDA279.1  248.9  12%
Adjusted EBITDA Margin (%)29.2  24.9  4.3 pts
Adjusted EBIT234.2  208.4  12%
Adjusted EBIT Margin (%)24.520.83.7 pts
Adjusted Net Income174.5  154.3  13%
Adjusted Diluted EPS - US$ per share0.39  0.35  14%
Operating Cash Flow252.3  153.6  64%
North America Fiber Cement (US$ millions)
Net Sales694.8  740.1  (6%)
EBIT217.6  191.8  13%
EBIT Margin (%)31.325.95.4 pts
Asia Pacific Fiber Cement (A$ millions)
Net Sales209.7  200.1  5%
EBIT69.5  51.3  35%
EBIT Margin (%)33.125.67.5 pts
Europe Building Products (€ millions)
Net Sales109.7  110.8  (1%)
EBIT10.8  11.4  (5%)
EBIT Margin (%)9.810.3-0.5 pts

Further Information
 

Readers are referred to the Company’s Condensed Consolidated Financial Statements and Management’s Analysis of Results for the first quarter ended 30 June 2023 for additional information regarding the Company’s results, including information regarding income taxes, the asbestos liability and contingent liabilities.
Media Release: James Hardie - First Quarter Ended 30 June 2023
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Media Release
8 August 2023
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Management Briefing for Analysts, Investors and Media
 

James Hardie will conduct a teleconference and audio webcast for analysts, investors, and media on Tuesday, 8 August 2023, 8:30am Sydney, Australia time (Monday, 7 August 2023, 6:30pm New York City, US Eastern time). Analysts, investors, and media can access the management briefing via the following:
All participants wishing to join the teleconference will need to pre-register by navigating to:
https://s1.c-conf.com/diamondpass/10032004-gh81q3.html
All participants wishing to join the webcast, please use the following link:
https://edge.media-server.com/mmc/p/fj9mx3qd
Once registered, you will receive a calendar invite with dial-in numbers and a unique PIN which will be required to join the call.
Webcast Replay: Will be available after the Live Webcast concludes at https://ir.jameshardie.com.au/financial-information/financial-results.
Use of Non-GAAP Financial Information; Australian Equivalent Terminology
 

This Media Release includes financial measures that are not considered a measure of financial performance under generally accepted accounting principles in the United States (GAAP), such as Adjusted net income, Adjusted EBIT, Adjusted EBITDA and Adjusted Diluted EPS. These non-GAAP financial measures should not be considered to be more meaningful than the equivalent GAAP measure. Management has included such measures to provide investors with an alternative method for assessing its operating results in a manner that is focused on the performance of its ongoing operations and excludes the impact of certain legacy items, such as asbestos adjustments. Additionally, management uses such non-GAAP financial measures for the same purposes. However, these non-GAAP financial measures are not prepared in accordance with GAAP, may not be reported by all of the Company’s competitors and may not be directly comparable to similarly titled measures of the Company’s competitors due to potential differences in the exact method of calculation. The Company is unable to forecast the comparable US GAAP financial measure for future periods due to, amongst other factors, uncertainty regarding the impact of actuarial estimates on asbestos-related assets and liabilities in future periods. For additional information regarding the non-GAAP financial measures presented in this Media Release, including a reconciliation of each non-GAAP financial measure to the equivalent GAAP measure, see the section titled “Non-GAAP Financial Measures” included in the Company’s Management’s Analysis of Results for the first quarter ended 30 June 2023.
In addition, this Media Release includes financial measures and descriptions that are considered to not be in accordance with GAAP, but which are consistent with financial measures reported by Australian companies, such as EBIT and EBIT margin. Since the Company prepares its Condensed Consolidated Financial Statements in accordance with GAAP, the Company provides investors with definitions and a cross- reference from the non-GAAP financial measure used in this Media Release to the equivalent GAAP financial measure used in the Company's Condensed Consolidated Financial Statements. See the section titled “Non- GAAP Financial Measures” included in the Company’s Management’s Analysis of Results for the first quarter ended 30 June 2023.
Media Release: James Hardie - First Quarter Ended 30 June 2023
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Media Release
8 August 2023
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Forward-Looking Statements
 

This Media Release contains forward-looking statements and information that are necessarily subject to risks, uncertainties and assumptions. Many factors could cause the actual results, performance or achievements of James Hardie to be materially different from those expressed or implied in this release, including, among others, the risks and uncertainties set forth in Section 3 “Risk Factors” in James Hardie’s Annual Report on Form 20-F for the fiscal year ended 31 March 2023; changes in general economic, political, governmental and business conditions globally and in the countries in which James Hardie does business; changes in interest rates; changes in inflation rates; changes in exchange rates; the level of construction generally; changes in cement demand and prices; changes in raw material and energy prices; changes in business strategy and various other factors. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein. James Hardie assumes no obligation to update or correct the information contained in this Media Release except as required by law.
This media release has been authorized by the James Hardie Board of Directors.
END
Investor/Media/Analyst Enquiries:
James Brennan-Chong
Director of Investor Relations and Market Intelligence
Telephone:  +1 312 756 9919
Email:  media@jameshardie.com.au

James Hardie Industries plc is a limited liability company incorporated in Ireland with its registered office at 1st Floor, Block A, One Park Place, Upper Hatch Street, Dublin 2, D02 FD79, Ireland.
Media Release: James Hardie - First Quarter Ended 30 June 2023
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Document
Fiscal 2024
Three Months Ended 30 June 2023
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Exhibit 99.4
Management’s Analysis of Results
 
This Management’s Analysis of Results forms part of a package of information about James Hardie Industries plc’s results. It should be read in conjunction with the other parts of this package, including the Media Release, the Management Presentation and the Condensed Consolidated Financial Statements. Except as otherwise indicated in this Management’s Analysis of Results, James Hardie Industries plc is referred to as “JHI plc.” JHI plc, together with its direct and indirect wholly-owned subsidiaries, are collectively referred to as “James Hardie,” the “Company,” “we,” “our,” or “us.” Definitions for certain capitalized terms used in this Management’s Analysis of Results can be found in the section titled “Non-GAAP Financial Measures.”
This Management’s Analysis of Results includes financial measures that are not considered a measure of financial performance under generally accepted accounting principles in the United States (“GAAP”). These non-GAAP financial measures should not be considered to be more meaningful than the equivalent GAAP measures. Management has included such measures to provide investors with an alternative method for assessing its financial condition and operating results in a manner that is focused on the performance of its ongoing operations. These measures exclude the impact of certain legacy items, such as asbestos adjustments, or significant non-recurring items, such as asset impairments, restructuring expenses, as well as adjustments to tax expense. In addition, management provides an adjusted effective tax rate, which excludes the tax impact of the special pre-tax items (items listed above) and special tax items. Management believes that this non-GAAP tax measure provides an ongoing effective rate which investors may find useful for historical comparisons and for forecasting and is an alternative method of assessing the economic impact of taxes on the Company, as it more closely approximates payments to taxing authorities. Management uses such non-GAAP financial measures for the same purposes. These non-GAAP measures should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. These non-GAAP financial measures are not prepared in accordance with GAAP, may not be reported by all of the Company’s competitors and may not be directly comparable to similarly titled measures of the Company’s competitors due to potential differences in the exact method of calculation. For additional information regarding the non-GAAP financial measures presented in this Management’s Analysis of Results, including a reconciliation of each non-GAAP financial measure to the equivalent GAAP measure, see the section titled “Non-GAAP Financial Measures.” In addition, this Management’s Analysis of Results includes financial measures and descriptions that are considered to not be in accordance with GAAP, but which are consistent with financial measures reported by Australian companies. Since James Hardie prepares its condensed consolidated financial statements in accordance with GAAP, the Company provides investors with definitions and a cross-reference from the non-GAAP financial measure used in this Management’s Analysis of Results to the equivalent GAAP financial measure used in the Company's Condensed Consolidated Financial Statements. See the section titled “Non-GAAP Financial Measures.”
These documents, along with an audio webcast of the Management Presentation on 8 August 2023, are available from the Investor Relations area of our website at https://ir.jameshardie.com.au/financial-information/financial-results.
Investor/Media/Analyst Inquiries:
James Brennan-Chong
Director of Investor Relations and Market Intelligence
Telephone:

 +1 312 756 9919
Email:     

 media@jameshardie.com.au
Management's Analysis of Results: James Hardie - 1st Quarter Fiscal Year 2024
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CONSOLIDATED RESULTS
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Overview

James Hardie Industries plc is a world leader in the manufacturing of fiber cement building solutions, and a market leader in fiber gypsum and cement-bonded boards in Europe. Our fiber cement building materials include a wide-range of products for both external and internal use across a broad range of applications. We have four reportable segments: North America Fiber Cement, Asia Pacific Fiber Cement, Europe Building Products and Research and Development.

1st Quarter Financial Highlights
US$ Millions (except per share data)Three Months Ended 30 June
 FY24FY23Change
Net sales$954.3  $1,000.9  (5%)
Gross margin (%)39.1  33.9  5.2 pts
EBIT233.9  221.3  6%
EBIT margin (%)24.5 22.1 2.4 pts
Adjusted EBIT1
234.2  208.4  12%
Adjusted EBIT margin (%)1
24.520.83.7 pts
Net income157.8  163.1  (3%)
Adjusted Net income1
174.5  154.3  13%
Diluted earnings per share$0.36 $0.37 (3%)
Adjusted diluted earnings per share1
$0.39 $0.35 14%
1 See section titled “Non-GAAP Financial Measures" for a reconciliation to the equivalent GAAP measure
Net sales decreased 5% to US$954.3 million driven by a volume decrease of 11% resulting from weaker global housing markets. This decrease was partially offset by an increase in average net sales price for all three operating segments.
Adjusted EBIT margin increased 3.7 percentage points to 24.5% driven by strong EBIT margin growth in our North America and Asia Pacific segments.
Overall, the Company started fiscal year 2024 strong by delivering a record Adjusted EBIT of US$234.2 million and operating cash flow of US$252.3 million. In addition, our Adjusted Net Income of US$174.5 million is our best historical first quarter result. While the outlook for the housing markets we participate is still uncertain, management remains focused on working safely, partnering with our customers, managing decisively and controlling what we can control.
We have a superior value proposition with the right products and solutions that our customers are seeking, which allows us to continue to deliver differentiated results. We are homeowner focused, customer and contractor driven, providing the entire value chain with world class products and services.
Management's Analysis of Results: James Hardie - 1st Quarter Fiscal Year 2024
2

OPERATING RESULTS
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North America Fiber Cement Segment

Operating results for the North America Fiber Cement segment were as follows:
US$ MillionsThree Months Ended 30 June
 
FY24
FY23
Change
Volume (mmsf)747.8  823.7  (9%)
Average net sales price per unit (per msf)US$923 US$893 3%
Fiber cement net sales694.8  740.1  (6%)
Gross profit9%
Gross margin (%)5.7 pts
EBIT217.6  191.8  13%
EBIT margin (%)31.3  25.9  5.4 pts
Q1 FY24 vs Q1 FY23
Net sales decreased 6% due to a 9% decrease in volumes and a change in product mix, partially offset by a 3% increase in the average net sales price primarily due to strategic price increases. The volume decline was driven by a decrease in activity in the US housing market.
Gross margin increased as a result of the following components:
Higher average net sales price2.2  pts
Lower production and distribution costs3.5  pts
Total percentage point change in gross margin5.7  pts
Lower production and distribution costs resulted primarily from lower freight costs. In addition to the significant decrease in freight costs, there was a modest net improvement across the entirety of the remaining items making up production and distribution costs; notably pulp costs decreased while cement prices increased.
SG&A expenses decreased 4% primarily driven by lower marketing costs and professional services. As a percentage of sales, SG&A expenses increased 0.2 percentage points.
EBIT margin increased 5.4 percentage points to 31.3%, driven by higher gross margin.

Management's Analysis of Results: James Hardie - 1st Quarter Fiscal Year 2024
3

OPERATING RESULTS
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Asia Pacific Fiber Cement Segment
The Asia Pacific Fiber Cement segment is comprised of the following regions: (i) Australia; (ii) New Zealand; and (iii) the Philippines.
Operating results for the Asia Pacific Fiber Cement segment in US dollars were as follows:
US$ MillionsThree Months Ended 30 June
 
FY24
FY23
Change
Volume (mmsf)138.4  150.2  (8%)
Average net sales price per unit (per msf)US$908 US$864 5%
Fiber cement net sales140.1  142.8  (2%)
Gross profit 13%
Gross margin (%) 5.7 pts
EBIT46.5  36.6  27%
EBIT margin (%)33.1  25.6  7.5 pts
Operating results for the Asia Pacific Fiber Cement segment in Australian dollars were as follows:
A$ MillionsThree Months Ended 30 June
 
FY24
FY23
Change   
Volume (mmsf)138.4  150.2  (8%)
Average net sales price per unit (per msf)A$1,358 A$1,211 12%
Fiber cement net sales209.7  200.1  5%
Gross profit21%
Gross margin (%)5.7 pts
EBIT69.5  51.3  35%
EBIT margin (%)33.1  25.6  7.5 pts


Management's Analysis of Results: James Hardie - 1st Quarter Fiscal Year 2024
4

OPERATING RESULTS
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Q1 FY24 vs Q1 FY23 (A$)

Net sales increased 5%, driven by a 12% increase in the average net sales price, partially offset by lower volumes of 8%. The growth in average net sales price resulted from price increases across all markets. The decline in volumes is primarily attributable to the New Zealand region.
The increase in gross margin can be attributed to the following components:
Higher average net sales price6.3  pts
Higher production and distribution costs (0.6  pts)
Total percentage point change in gross margin5.7  pts
SG&A expenses decreased 12%, primarily driven by lower professional services and marketing costs. As a percentage of sales, SG&A expenses decreased 1.7 percentage points.
EBIT margin of 33.1% increased 7.5 percentage points, driven by higher gross margin and lower SG&A expenses.
Management's Analysis of Results: James Hardie - 1st Quarter Fiscal Year 2024
5

OPERATING RESULTS
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Europe Building Products Segment
The Europe Building Products segment is comprised of: (i) Europe Fiber Cement; and (ii) Europe Fiber Gypsum.
Operating results for the Europe Building Products segment in US dollars were as follows:
US$ MillionsThree Months Ended 30 June
 
FY24
FY23
Change   
Volume (mmsf)187.0  229.4  (18%)
Average net sales price per unit (per msf)US$520 US$418 24%
Fiber cement net sales21.0  18.6  13%
Fiber gypsum net sales1
98.4  99.4  (1%)
Net sales119.4  118.0  1%
Gross profit10%
Gross margin (%)2.2 pts
EBIT11.8  12.1  (2%)
EBIT margin (%)9.8  10.3  (0.5 pts)
1Also includes cement bonded board net sales
Operating results for the Europe Building Products segment in Euros were as follows:
€ MillionsThree Months Ended 30 June
 
FY24
FY23
Change   
Volume (mmsf)187.0  229.4  (18%)
Average net sales price per unit (per msf)€478 €392 22%
Fiber cement net sales19.3  17.4  11%
Fiber gypsum net sales1
90.4  93.4  (3%)
Net sales109.7  110.8  (1%)
Gross profit 7%
Gross margin (%) 2.2 pts
EBIT10.8  11.4  (5%)
EBIT margin (%)9.8  10.3  (0.5 pts)
1Also includes cement bonded board net sales
Management's Analysis of Results: James Hardie - 1st Quarter Fiscal Year 2024
6

OPERATING RESULTS
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Q1 FY24 vs Q1 FY23 (€)
Net sales decreased 1% due to an 18% decrease in volumes, offset by a 22% increase in average net sales price driven by our strategic price increases and a change in product mix. The volume decrease primarily resulted from lower fiber gypsum volumes as housing market activity decreased.
The increase in gross margin is attributable to the following components:
Higher average net sales price11.5  pts
Higher production and distribution costs(9.3  pts)
Total percentage point change in gross margin2.2  pts
Higher production and distribution costs resulted from inflationary pressures, the largest impacts being increased costs of gypsum and energy, partially offset by lower freight and paper costs.
SG&A expenses increased 14% primarily due to higher employee and marketing costs. As a percentage of sales, SG&A expenses increased 2.3 percentage points.
EBIT margin of 9.8% decreased 0.5 percentage points primarily driven by higher SG&A expenses, partially offset by higher gross margin.

General Corporate
Results for General Corporate were as follows:
US$ MillionsThree Months Ended 30 June
 
FY24
FY23
Change %
General Corporate SG&A expenses$33.4  $23.7  41 
Asbestos:
Asbestos adjustments (gain) loss(0.1) (13.2) (99)
AICF SG&A expenses0.4  0.3  33 
General Corporate costs$33.7  $10.8  212 
General Corporate SG&A expenses increased US$9.7 million primarily due to higher stock compensation expenses mainly driven by an increase in the share price during the period compared to a decrease in the prior corresponding period.
Asbestos adjustments primarily reflect the non-cash foreign exchange re-measurement impact on asbestos related balance sheet items, driven by the change in the AUD/USD spot exchange rate from the beginning balance sheet date to the ending balance sheet date, for each respective period. In addition, these amounts are partially offset by gains and losses on foreign currency forward contracts related to future AICF payments.
Readers are referred to Note 6 of our 30 June 2023 condensed consolidated financial statements for further information on asbestos.

Management's Analysis of Results: James Hardie - 1st Quarter Fiscal Year 2024
7

OPERATING RESULTS
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Interest, net

US$ MillionsThree Months Ended 30 June
FY24
FY23
Change %
Gross interest expense$13.4  $9.9  35 
Capitalized interest(3.8) (0.8) 375 
Interest income(1.5) (0.1) NM
AICF interest income, net(2.3) (0.2) NM
Interest, net$5.8  $8.8  (34)
Interest, net decreased primarily due to higher capitalized interest related to our capital expansion projects, and higher net AICF interest income driven by higher interest rates and AICF investments, partially offset by higher gross interest expense which was driven by a higher average outstanding balance and higher interest rates on our revolving credit facility.
Income Tax

 US$ MillionsThree Months Ended 30 June
    
FY24
FY23
Change
Income tax expense $70.6  $49.2  43%
Effective tax rate (%)30.9  23.2  7.7 pts
Adjusted income tax expense1
$51.9  $44.9  16%
Adjusted effective tax rate1 (%)
22.9  22.5  0.4 pts
1Includes tax adjustments related to the amortization benefit of certain US intangible assets, asbestos, and other tax adjustments

The effective tax rate increased 7.7 percentage points primarily due to asbestos and other tax adjustments. The Adjusted effective tax rate increased 0.4 percentage points, primarily due to a change in the geographical mix of earnings.
Management's Analysis of Results: James Hardie - 1st Quarter Fiscal Year 2024
8

OPERATING RESULTS
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Net Income
US$ MillionsThree Months Ended 30 June
   
FY24
FY23
Change %
EBIT
North America Fiber Cement$217.6  $191.8  13  
Asia Pacific Fiber Cement46.5  36.6  27  
Europe Building Products11.8  12.1  (2) 
Research and Development(8.3) (8.4)  
General Corporate1
(33.4) (23.7) (41) 
Adjusted EBIT234.2  208.4  12  
Net income
Adjusted interest, net1
8.1  9.0  (10) 
Other (income) expense(0.3) 0.2  (250) 
Adjusted income tax expense2
51.9  44.9  16  
Adjusted net income$174.5  $154.3  13  
1.Excludes Asbestos-related expenses and adjustments
2.Includes tax adjustments related to the amortization benefit of certain US intangible assets, asbestos and other tax adjustments
Adjusted net income of US$174.5 million increased 13%, primarily driven by higher EBIT in our North America and Asia Pacific segments, partially offset by increases in general corporate costs and adjusted income tax expense.

Management's Analysis of Results: James Hardie - 1st Quarter Fiscal Year 2024
9

OTHER INFORMATION
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Cash Flow
US$ MillionsThree Months Ended 30 June
FY24FY23ChangeChange %
Net cash provided by operating activities $252.3 $153.6 $98.7 64 
Net cash used in investing activities 149.5 215.8 (66.3)(31)
Net cash (used in) provided by financing activities (129.2)8.9 (138.1)NM
Significant sources and uses of cash during fiscal year 2024 include:
Cash provided by operating activities:
Net income, adjusted for non-cash items, of US$253.6 million;
Working capital decreased by US$51.8 million, primarily due to lower inventory and higher accounts payable; and
Asbestos claims paid of US$33.6 million.
Cash used in investing activities:
Capital expenditures of US$125.6 million, including global capacity expansion project spend of US$63.4 million; and
AICF net investments of US$20.1 million.
Cash used in financing activities:
Repurchase of shares under the share buyback program of US$49.0 million; and
US$80.0 million in net repayments on our revolving credit facility.

Capacity Expansion

Our capacity expansion program is guided by our expectation for sustainable long term profitable share gain. We continue to monitor macro-economic conditions and the impacts on the housing markets we do business in to ensure the program is aligned with our global strategy.

In fiscal year 2024, we estimate total Capital Expenditures will be approximately US$550 million. During FY24 we have:

Purchased land for our future USA Greenfield site in Crystal City, Missouri. We do not intend to begin construction of this site in FY24
Purchased land for our future Fiber Cement Greenfield site in Europe. We do not intend to begin construction of this site in FY24
Announced the cancellation of our plans to build a greenfield site in Truganina, Australia

In addition, in fiscal year 2024, we plan to:

Complete construction of ColorPlus® finishing capacity in Westfield, Massachusetts in Q2 FY24, then complete commissioning and begin production in Q4 of FY24
Continue construction of Sheet Machines #3 and #4 in Prattville, Alabama, with Sheet Machine #3 expected to be completed in Q4 FY24
Continue construction of ColorPlus® finishing capacity in Prattville, Alabama
Continue brownfield expansion of the fiber gypsum facility in Orejo, Spain
Management's Analysis of Results: James Hardie - 1st Quarter Fiscal Year 2024
10

OTHER INFORMATION
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Liquidity and Capital Allocation

Our cash position increased US$24.0 million, from US$113.0 million at 31 March 2023 to US$137.0 million at 30 June 2023. We also have US$443.7 million of available borrowing capacity under our revolving credit facility at 30 June 2023.
During fiscal year 2024, we will contribute A$137.5 million to AICF in quarterly installments; the first payment of A$34.4 million was made 3 July 2023.
Based on our existing cash balances, together with anticipated operating cash flows and unutilized credit facilities, we anticipate we will have sufficient funds to meet our planned working capital and other expected cash requirements for the next twelve months.
Capital Management

Our Capital Allocation framework prioritizes the use of free cash flow as follows:
Invest in organic growth
Maintain a flexible balance sheet
Deploy excess capital to shareholders

For the quarter ended 30 June 2023, we repurchased 2.0 million shares for US$49.0 million at an average per share price of US$25.23. Under our share buyback program announced in November 2022, we have repurchased 5.8 million shares for a total of US$127.4 million.

Management's Analysis of Results: James Hardie - 1st Quarter Fiscal Year 2024
11


NON-GAAP FINANCIAL TERMS
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Financial Measures - GAAP equivalents
This document contains the financial statement line item EBIT, which is considered to be non-GAAP, but is consistent with the term used by Australian companies. Because we prepare our condensed consolidated financial statements under GAAP, the equivalent GAAP financial statement line item description used in our condensed consolidated financial statements is Operating income (loss).

EBIT – Earnings before interest and tax.
EBIT margin – EBIT margin is defined as EBIT as a percentage of net sales.
Non GAAP Financial Terms

This Management’s Analysis of Results includes certain financial information to supplement the Company’s condensed consolidated financial statements which are prepared in accordance with accounting principles generally accepted in the United States (“GAAP”). These financial measures are designed to provide investors with an alternative method for assessing our performance from on-going operations, capital efficiency and profit generation. Management uses these financial measures for the same purposes. These financial measures include: 
Adjusted EBIT;
Adjusted EBIT margin;
Adjusted EBITDA;
Adjusted EBITDA margin;
Adjusted interest, net;
Adjusted net income;
Adjusted diluted earnings per share;
Adjusted income before income taxes;
Adjusted income tax expense; and
Adjusted effective tax rate
These financial measures are or may be non-GAAP financial measures as defined in the rules of the U.S. Securities and Exchange Commission and may exclude or include amounts that are included or excluded, as applicable, in the calculation of the most directly comparable financial measures calculated in accordance with GAAP. These financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures and should be read only in conjunction with the Company’s condensed consolidated financial statements prepared in accordance with GAAP. In evaluating these financial measures, investors should note that other companies reporting or describing similarly titled financial measures may calculate them differently and investors should exercise caution in comparing the Company’s financial measures to similar titled measures by other companies.
Definitions
AFFA Amended and Restated Final Funding Agreement
AICF Asbestos Injuries Compensation Fund Ltd

Average net sales price per msf ("ASP") Total net sales of fiber cement and fiber gypsum products, excluding accessory sales, divided by the total volume of products sold

NM – Not meaningful

Sales Volume
mmsf – million square feet, where a square foot is defined as a standard square foot of 5/16” thickness.
msf – thousand square feet, where a square foot is defined as a standard square foot of 5/16” thickness.
Working Capital The working capital calculation used in our cash provided by operating analysis includes the change in: (1) Accounts and other receivables, net; (2) Inventories; and (3) Accounts payable and accrued liabilities.
Management's Analysis of Results: James Hardie - 1st Quarter Fiscal Year 2024
12


NON-GAAP FINANCIAL MEASURES
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Financial Measures - GAAP equivalents

Adjusted EBIT and Adjusted EBITDA

US$ Millions
Three Months Ended 30 June
 
FY24
FY23
EBIT$233.9  $221.3  
Asbestos:
Asbestos adjustments (gain) loss(0.1) (13.2) 
AICF SG&A expenses0.4  0.3  
Adjusted EBIT$234.2  $208.4  
Net sales954.3  1,000.9  
Adjusted EBIT margin24.5%20.8%
Depreciation and amortization44.9  40.5  
Adjusted EBITDA$279.1  $248.9  
Adjusted EBITDA margin29.2%24.9%

Adjusted interest, net
US$ MillionsThree Months Ended 30 June
 
FY24
FY23
Interest, net$5.8 $8.8 
AICF interest income, net(2.3) (0.2) 
Adjusted interest, net$8.1 $9.0 
Adjusted net income
US$ Millions
Three Months Ended 30 June
 
FY24
FY23
Net income$157.8  $163.1  
Asbestos:
Asbestos adjustments (gain) loss(0.1)(13.2)
AICF SG&A expenses0.4 0.3 
AICF interest income, net(2.3)(0.2)
Tax adjustments1
18.7 4.3 
Adjusted net income$174.5  $154.3  
1Includes tax adjustments related to the amortization benefit of certain US intangible assets, asbestos, and other tax adjustments
Management's Analysis of Results: James Hardie - 1st Quarter Fiscal Year 2024
13


NON-GAAP FINANCIAL MEASURES
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Adjusted diluted earnings per share
Three Months Ended 30 June
 
FY24
FY23
Adjusted net income (US$ millions)$174.5 $154.3 
Weighted average common shares outstanding -
Diluted (millions)
442.8 445.9 
Adjusted diluted earnings per share $0.39 $0.35 
Adjusted effective tax rate
US$ MillionsThree Months Ended 30 June
 
FY24
FY23
Income before income taxes$228.4  $212.3  
Asbestos:
Asbestos adjustments (gain) loss(0.1) (13.2) 
AICF SG&A expenses0.4  0.3  
AICF interest income, net(2.3) (0.2) 
Adjusted income before income taxes$226.4  $199.2  
Income tax expense70.6  49.2  
Tax adjustments1
(18.7) (4.3) 
Adjusted income tax expense$51.9  $44.9  
Effective tax rate30.9%23.2%
Adjusted effective tax rate22.9%22.5%
1Includes tax adjustments related to the amortization benefit of certain US intangible assets, asbestos, and other tax adjustments
Management's Analysis of Results: James Hardie - 1st Quarter Fiscal Year 2024
14

FORWARD-LOOKING STATEMENTS
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This Management’s Analysis of Results contains forward-looking statements. James Hardie Industries plc (the “Company”) may from time to time make forward-looking statements in its periodic reports filed with or furnished to the Securities and Exchange Commission, on Forms 20-F and 6-K, in its annual reports to shareholders, in offering circulars, invitation memoranda and prospectuses, in media releases and other written materials and in oral statements made by the Company’s officers, directors or employees to analysts, institutional investors, existing and potential lenders, representatives of the media and others. Statements that are not historical facts are forward-looking statements and such forward-looking statements are statements made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995.
Examples of forward-looking statements include:
statements about the Company’s future performance;
projections of the Company’s results of operations or financial condition;
statements regarding the Company’s plans, objectives or goals, including those relating to strategies, initiatives, competition, acquisitions, dispositions and/or its products;
expectations concerning the costs associated with the suspension or closure of operations at any of the Company’s plants and future plans with respect to any such plants;
expectations concerning the costs associated with the significant capital expenditure projects at any of the Company’s plants and future plans with respect to any such projects;
expectations regarding the extension or renewal of the Company’s credit facilities including changes to terms, covenants or ratios;
expectations concerning dividend payments and share buy-backs;
statements concerning the Company’s corporate and tax domiciles and structures and potential changes to them, including potential tax charges;
statements regarding tax liabilities and related audits, reviews and proceedings;
statements regarding the possible consequences and/or potential outcome of legal proceedings brought against us and the potential liabilities, if any, associated with such proceedings;
expectations about the timing and amount of contributions to AICF, a special purpose fund for the compensation of proven Australian asbestos-related personal injury and death claims;
expectations concerning the adequacy of the Company’s warranty provisions and estimates for future warranty-related costs;
statements regarding the Company’s ability to manage legal and regulatory matters (including but not limited to product liability, environmental, intellectual property and competition law matters) and to resolve any such pending legal and regulatory matters within current estimates and in anticipation of certain third-party recoveries; and
statements about economic or housing market conditions in the regions in which we operate, including but not limited to, the levels of new home construction and home renovations, unemployment levels, changes in consumer income, changes or stability in housing values, the availability of mortgages and other financing, mortgage and other interest rates, housing affordability and supply, the levels of foreclosures and home resales, currency exchange rates, and builder and consumer confidence.
Words such as “believe,” “anticipate,” “plan,” “expect,” “intend,” “target,” “estimate,” “project,” “predict,” “forecast,” “guideline,” “aim,” “will,” “should,” “likely,” “continue,” “may,” “objective,” “outlook” and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. Readers are cautioned not to place undue reliance on these forward-looking statements and all such forward-looking statements are qualified in their entirety by reference to the following cautionary statements.
Forward-looking statements are based on the Company’s current expectations, estimates and assumptions and because forward-looking statements address future results, events and conditions, they, by their very nature, involve inherent risks and uncertainties, many of which are unforeseeable and beyond the Company’s control. Such known and unknown risks, uncertainties and other factors may cause actual results, performance or other achievements to differ materially from the anticipated results, performance or achievements expressed, projected or implied by these forward-looking statements. These factors, some of which are discussed under “Risk Factors” in Section 3 of the Form 20-F filed with the Securities and Exchange Commission on 16 May 2023, include, but are not limited to: all matters relating to or arising out of the prior manufacture of products that contained asbestos by current and former Company subsidiaries; required contributions to AICF, any shortfall in AICF funding and the effect of currency exchange rate movements on the amount recorded in the Company’s financial statements as an asbestos liability; compliance with and changes in tax laws and treatments; competition and product pricing in the markets in which the Company operates; the consequences of product failures or defects; exposure to environmental, asbestos, putative consumer class action or other legal proceedings; general economic and market conditions; the supply and cost of raw materials; possible increases in competition and the potential that competitors could copy the Company’s products; compliance with and changes in environmental and health and safety laws; risks of conducting business internationally; compliance with and changes in laws and regulations; currency exchange risks; dependence on customer preference and the concentration of the Company’s customer base; dependence on residential and commercial construction markets; the effect of adverse changes in climate or weather patterns; use of accounting estimates; and all other risks identified in the Company’s reports filed with Australian, Irish and US securities regulatory agencies and exchanges (as appropriate). The Company cautions you that the foregoing list of factors is not exhaustive and that other risks and uncertainties may cause actual results to differ materially from those referenced in the Company’s forward-looking statements. Forward-looking statements speak only as of the date they are made and are statements of the Company’s current expectations concerning future results, events and conditions. The Company assumes no obligation to update any forward-looking statements or information except as required by law.
Management's Analysis of Results: James Hardie - 1st Quarter Fiscal Year 2024
15
q1fy24managementpresenta
8 AUGUST 2023 Q1 FY24 Management Presentation


 
Page 2 J A M E S H A R D I E Q 1 F Y 2 4 R E S U L T S CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS This Management Presentation contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. James Hardie Industries plc (the “Company”) may from time to time make forward-looking statements in its periodic reports filed with or furnished to the Securities and Exchange Commission on Forms 20-F and 6-K, in its annual reports to shareholders, in media releases and other written materials and in oral statements made by the Company’s officers, directors or employees to analysts, institutional investors, representatives of the media and others. Words such as “believe,” “anticipate,” “plan,” “expect,” “intend,” “target,” “estimate,” “project,” “predict,” “forecast,” “guideline,” “aim,” “will,” “should,” “likely,” “continue,” “may,” “objective,” “outlook” and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. These forward-looking statements are based upon management's current expectations, estimates, assumptions and beliefs concerning future events and conditions. Readers are cautioned not to place undue reliance on any forward-looking statements. Forward-looking statements are necessarily subject to risks, uncertainties and other factors, many of which are unforeseeable and beyond the Company’s control. Many factors could cause actual results, performance or achievements to be materially different from those expressed or implied in this Management Presentation, including, among others, the risks and uncertainties set forth in Section 3 “Risk Factors” in James Hardie’s Annual Report on Form 20-F for the year ended 31 March 2023; changes in general economic, political, governmental and business conditions globally and in the countries in which the Company does business, including; changes in interest rates; changes in inflation rates; changes in exchange rates; the level of construction generally; changes in cement demand and prices; changes in raw material and energy prices; changes in business strategy and various other factors. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein. James Hardie assumes no obligation to update or correct the information contained in this Management Presentation except as required by law. This Management Presentation includes financial measures that are not considered a measure of financial performance under generally accepted accounting principles in the United States (GAAP). These financial measures are designed to provide investors with an alternative method for assessing our performance from on-going operations, capital efficiency and profit generation. Management uses these financial measures for the same purposes. These financial measures are or may be non-GAAP financial measures as defined in the rules of the U.S. Securities and Exchange Commission and may exclude or include amounts that are included or excluded, as applicable, in the calculation of the most directly comparable financial measures calculated in accordance with GAAP. These non-GAAP financial measures should not be considered to be more meaningful than the equivalent GAAP measure. Management has included such measures to provide investors with an alternative method for assessing its operating results in a manner that is focused on the performance of its ongoing operations and excludes the impact of certain legacy items, such as asbestos adjustments. Additionally, management uses such non-GAAP financial measures for the same purposes. However, these non-GAAP financial measures are not prepared in accordance with GAAP, may not be reported by all of the Company’s competitors and may not be directly comparable to similarly titled measures of the Company’s competitors due to potential differences in the exact method of calculation. For additional information regarding the non-GAAP financial measures presented in this Management Presentation, including a reconciliation of each non-GAAP financial measure to the equivalent GAAP measure, see the slide titled “Non-GAAP Financial Measures” included in the Appendix to this Management Presentation. In addition, this Management Presentation includes financial measures and descriptions that are considered to not be in accordance with GAAP, but which are consistent with financial measures reported by Australian companies, such as operating profit, EBIT and EBIT margin. Since the Company prepares its Condensed Consolidated Financial Statements in accordance with GAAP, the Company provides investors with definitions and a cross-reference from the non-GAAP financial measure used in this Management Presentation to the equivalent GAAP financial measure used in the Company’s Condensed Consolidated Financial Statements. See the section titled “Non-GAAP Financial Measures” included in the Appendix to this Management Presentation. All amounts are in US Dollars, unless otherwise noted CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS USE OF NON-GAAP FINANCIAL INFORMATION; AUSTRALIAN EQUIVALENT TERMINOLOGY


 
Page 3 J A M E S H A R D I E Q 1 F Y 2 4 R E S U L T S AGENDA • Strategy and Operations Update • Q1 FY24 Financial Results • Outlook and Guidance • Q&A Aaron Erter CEO Jason Miele CFO


 
Strategy and Operations Update 8 AUGUST 2023


 
Page 5 J A M E S H A R D I E Q 1 F Y 2 4 R E S U L T S CEO OPERATIONS UPDATE: MANAGING DECISIVELY TO DELIVER DIFFERENTIATED RESULTS Managed Decisively… …Delivered Differentiated Results Continue Strong Execution of Our Strategy Drive Profitable Volume Share Gain Effectively Balance Our Manufacturing Network Manage SG&A for Current Market Environment Continue to Invest in Profitable Growth • Global Adjusted Net Income of US$174.5 Million up 13% vs pcp • Record North America EBIT of US$217.6 Million at record 31.3% EBIT Margin • North America Volume 5% ahead of top end of guidance and EBIT Margin in line with volume sensitivity • Operating Cash Flow of US$252.3 Million 


 
Page 6 J A M E S H A R D I E Q 1 F Y 2 4 R E S U L T S Strategic Initiatives 1 Profitably grow and take share where we have the right to win 2 Bring our customers high valued, differentiated solutions 3 Connect and influence all the participants in the customer value chain Enabled by Customer Integration Innovative Solutions Brand of Choice Global Capacity Expansion Homeowner Focused, Customer and Contractor Driven™ Supported by our Foundational Imperatives Our People GLOBAL STRATEGIC FRAMEWORK ESGZero Harm Hardie Operating System


 
Page 7 J A M E S H A R D I E Q 1 F Y 2 4 R E S U L T S Exterior Design Superior Durability Low-Maintenance Trusted Brand Unrivaled Business Support Localized Manufacturing Midwest & Northeast MountainPNW Mid South Carolinas South East Tacoma – 1998 Reno – 2004 Peru – 2000 Prattville - 2021 Summerville – 2002 Cleburne – 1997 Fontana – 1989 Southwest Manufacturing location Pulaski – 2005 South Central Waxahachie – 2001 Plant City – 1994 Peru Trim – 2004 Tacoma 2 – 2018 8 Geographic Regions Repair & Remodel Single Family New Construction Market Segments Multi-Family New Construction 1. Profitably Grow and Take Share Where We Have The Right to Win 2. Bring Our Customers High Valued, Differentiated Solutions Product Solutions Magnolia Home by James Hardie Hardie® Shingle Siding Hardie® Soffit Panels Hardie™ Architectural Collection Aspyre® by James Hardie Hardie® Trim Boards Cemplank® Lap Siding Hardie® Panel Vertical Siding Hardie® Plank Lap Siding Value Proposition


 
Page 8 J A M E S H A R D I E Q 1 F Y 2 4 R E S U L T S Brand of Choice Customer Builder/Contractor Homeowners Homeowner Focused, Customer and Contractor Driven™ Texas Tough Sp on so rs hi ps C au se M ar ke tin g H om eo w ne r M ar ke tin g Tr ad e M ar ke tin g Lo ca l M ar ke tin g Re ta il 3. CONNECT AND INFLUENCE ALL THE PARTICIPANTS IN THE CUSTOMER VALUE CHAIN


 
Page 9 J A M E S H A R D I E Q 1 F Y 2 4 R E S U L T S - 100 200 300 400 500 600 700 800 900 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 Ad ju st ed E B IT - U S$ M ill io ns 15 16 17 18 19 20 21 22 23 24 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 % o f H om es TAKING SHARE PROFITABLY OVER THE LONG-TERM 1. US Census (completed homes). North America Adjusted EBIT Margin US$ Millions Fiber Cement Share of Primary Cladding of Single Family New Construction1 Proven Track Record of Long-Term Profitable Share Gain 16% Est. Share 2012 23% Est. Share 2022 +7% Share Gain ‘12 – ‘22 13% 10 Yr Adj. EBIT CAGR 26% 10 Yr Adj. EBIT Margin


 
8 AUGUST 2023 Q1 FY24 Financial Results


 
Page 11 J A M E S H A R D I E Q 1 F Y 2 4 R E S U L T S STRONG GLOBAL RESULTS IN Q1 $252.3M$174.5M$954.3M 29.2% Global Net Sales -5% vs. pcp +13% vs. pcp Global Adjusted Net Income Record Global Adj. EBITDA% +430 bps vs. pcp Operating Cash Flow +64% vs. pcp


 
Page 12 J A M E S H A R D I E Q 1 F Y 2 4 R E S U L T S GLOBAL ADJUSTED NET INCOME Adjusted Net Income of US$174.5 million increased US$20.2 million versus prior corresponding period • North America and APAC EBIT growth contributed US$29.9 million • Increased General Corporate Costs lowered Adjusted Net Income by US$7.5 million, primarily due to higher stock- based compensation expenses • Adjusted Effective Tax Rate was 22.9 percent and is our best estimate of the full year FY24 tax rate North America Segment1 Europe Segment2 R&D Segment1 General Corporate Costs1 Adj. Interest/ Other1 Impact of Change in AETR3 Impact of Change in FX Rates4 Q1 FY23 Q1 FY24 APAC Segment2 U S$ M ill io ns 1. Calculated as the change in EBIT for the relevant segment/line item, net of the impact of taxes at current year Adjusted Effective Tax Rate (AETR) of 22.9%. 2. Calculated as the change in EBIT for APAC and Europe adjusted for impact of the change in foreign exchange rates versus pcp and net of the impact of taxes at current year AETR of 22.9%. 3. Calculated as the impact of the increase in AETR vs. pcp multiplied by current year Adjusted income before income taxes. 4. Calculated as the combined impact on APAC and Europe EBIT of the change in foreign exchange rates versus pcp.


 
Page 13 J A M E S H A R D I E Q 1 F Y 2 4 R E S U L T S NORTH AMERICA SUMMARY Net Sales of US$694.8 Million • Volume down 9% driven by reduced housing market activity • Average Net Sales Price up 3% EBIT of US$217.6 Million, up US$25.8 Million • Higher Average Net Sales Price • Lower Freight Costs • Partially offset by a 76 mmsf decrease in volume EBIT Margin of 31.3% Record EBIT and EBIT Margin Q1 FY24 Sales Volume 747.8 mmsf -9% Average Net Sales Price US$923 /msf +3% Net Sales US$694.8 M -6% EBIT US$217.6 M +13% EBIT Margin 31.3 % +5.4 pts EBITDA Margin 36.0 % +6.0 pts All changes presented are versus prior corresponding period


 
Page 14 J A M E S H A R D I E Q 1 F Y 2 4 R E S U L T S APAC SUMMARY Record Net Sales, EBIT and EBIT Margin Net Sales of A$209.7 Million • Average Net Sales Price up 12% • Volume down 8% EBIT of A$69.5 Million, up 35% and A$18.2 million vs pcp • Higher Net Sales • Relatively flat cost of goods sold per unit • Lower SG&A EBIT Margin of 33.1% Q1 FY24 Sales Volume 138.4 mmsf -8% Average Net Sales Price A$1,358 /msf +12% Net Sales A$209.7 M +5% EBIT A$69.5 M +35% EBIT Margin 33.1 % +7.5 pts EBITDA Margin 36.1 % +8.3 pts All changes presented are versus prior corresponding period


 
Page 15 J A M E S H A R D I E Q 1 F Y 2 4 R E S U L T S EUROPE SUMMARY Managed Decisively to Deliver Q1 EBIT Margin of 9.8% Net Sales of €109.7 Million • Average Net Sales Price up 22% • Volume down 18% EBIT down 5% to €10.8 Million • Relatively flat Net Sales • Higher input and production costs • Increase investment in growth initiatives EBIT Margin of 9.8%, in-line with pcp Q1 FY24 Sales Volume 187.0 mmsf -18% Average Net Sales Price €478 /msf +22% Net Sales €109.7 M -1% EBIT €10.8 M -5% EBIT Margin 9.8 % -0.5 pts EBITDA Margin 15.7 % -0.2 pts All changes presented are versus prior corresponding period


 
Page 16 J A M E S H A R D I E Q 1 F Y 2 4 R E S U L T S LIQUIDITY, CASH FLOW, CAPITAL ALLOCATION & CAPITAL EXPENDITURE • Q1 FY24 Operating Cash Flow of US$252.3 million • Working Capital reduced by US$51.8 million • FY24 AICF payments of A$137.5 million • US$580.7 million of liquidity at 30 June 2023 • 0.85x leverage ratio at 30 June 2023 • Strong liquidity position to navigate current market conditions Liquidity Cash Flow Capital Allocation Framework • Invest in Organic Growth • Maintain Flexible Balance Sheet • Deploy Excess Capital to Shareholders Share Buy-Back • Purchased 5.8 million shares for total consideration of US$127.4 million through Q1 FY24 • Q1 FY24 total Capital Expenditures of US$125.6 million • Expect FY24 total capital expenditures of approximately US$550 million • Cancellation of greenfield in Australia Capital Expenditure Flexible Balance Sheet with Strong Cashflow & Liquidity


 
Page 17 J A M E S H A R D I E Q 1 F Y 2 4 R E S U L T S REFINED APPROACH TO APAC CAPACITY Decisive Management to Improve ROCE While Meeting Share Gain Objectives  No change in ability to meet share gain goals for ANZ business for 15+ years  Better use of capital dollars − A$400+ million greenfield project cancelled − Brownfield expansion in APAC can be executed over longer time horizon  Creation of central capital/engineering team  Existing capacity potential increased by HMOS  Announced Rosehill pilot plant cancellation in May  Brownfield Expansion > Greenfield Expansion  Pilot Plant cancellation enables ability to add brownfield capacity  Additional brownfield opportunities identified in Carole Park  Decision made to cancel Greenfield Expansion in Truganina, Australia


 
Outlook and Guidance 8 AUGUST 2023


 
Page 19 J A M E S H A R D I E Q 1 F Y 2 4 R E S U L T S FY24 MARKET OUTLOOK: NORTH AMERICA1 1. Data is from the same set of data providers as our May results briefing and has been updated for their most recent estimates 2. Average of 8 data providers and the range of their growth forecasts of Single-Family New Construction for Calendar 2023 as of 3 August 2023. 3. Average of 8 data providers and the range of their growth forecasts of Multi-Family New Construction for Calendar 2023 as of 3 August 2023. 4. Average of 3 data providers and the range of their growth forecasts/estimates for Calendar 2023 as of 3 August 2023. US Single Family New Construction Calendar 2023 Growth Outlook2 US Repair & Remodel Calendar 2023 Growth Outlook4 External Range 0% to -21% Average: -12% +5% External Range -6% to -25% Average: -12% US Multi Family New Construction Calendar 2023 Growth Outlook3 External Range -8% to -17% Average: -12% -5% -18%toJHX US Total Addressable Market (Blended External Range) Improved Market Outlook +X% -1% Average: -12% 4 Change vs External Data Provider Average Presented 16 May 2023


 
Page 20 J A M E S H A R D I E Q 1 F Y 2 4 R E S U L T S NORTH AMERICA – FY24 QUARTERLY VOLUME SENSITIVITY Estimated Quarterly EBIT Margin (%) 28 – 30% 700 mmsf 30 – 32% 750 mmsf 26 – 28% 650 mmsf Quarterly Volume Scenarios Given the uncertain nature of the US housing market, we have modeled our expected quarterly EBIT margin outcomes at a variety of quarterly volume scenarios. This sensitivity analysis assumes our current range of expectations on average net sales price, raw material costs, freight rates and assumes we continue to invest in growth as currently planned. These volumes are simply to provide context to our EBIT Margin sensitivity to volume, in North America, and do not represent volume guidance for any quarter in Fiscal Year 2024. 25 – 27% 600 mmsf


 
Page 21 J A M E S H A R D I E Q 1 F Y 2 4 R E S U L T S GUIDANCE: Q2 FISCAL YEAR 2024 Adjusted Net Income US$ 170 – 190 million North America Volume 740 – 770 million standard feet North America EBIT Margin 30% - 32% Positioned for a Strong Second Quarter


 
Page 22 J A M E S H A R D I E Q 1 F Y 2 4 R E S U L T S JAMES HARDIE – A GLOBAL GROWTH COMPANY Strong Growth Opportunities Brand of Choice Innovation Pipeline Integrated Localized Supply Chain Multi-Segment Focus Experienced Management Team Strong Balance Sheet & Cash Generation Attractive Returns Premium Products and Services Responsible Corporate Citizen Homeowner Focused, Customer and Contractor Driven™ 11% 16%3x 40% Global Net Sales 10 Year CAGR1 Global Adj. ROCE Avg. FY19-FY23 1. CAGR for the time period FY13 to FY23 2. Comparison of average Global Operating Cash Flow FY21-FY23 and FY11-FY13 Global Operating Cash Flow 3 Year Avg FY23 vs FY132 Global Adj. Net Income 10 Year CAGR1


 
Questions 8 AUGUST 2023


 
Appendix 8 AUGUST 2023


 
Page 25 J A M E S H A R D I E Q 1 F Y 2 4 R E S U L T S NON-GAAP FINANCIAL MEASURES This Management Presentation forms part of a package of information about the company’s results. It should be read in conjunction with the other parts of this package, including the Management’s Analysis of Results, Media Release and Condensed Consolidated Financial Statements Financial Measures – GAAP Equivalents This document contains the financial statement line item EBIT, which is considered to be non-GAAP, but is consistent with the term used by Australian companies. Because we prepare our consolidated financial statements under GAAP, the equivalent GAAP financial Statement line item description used in our condensed consolidated financial statements is Operating income (loss). EBIT – Earnings before interest and tax EBIT margin – EBIT margin is defined as EBIT as a percentage of net sales Definitions ASP – Average net sales price per msf ("ASP") – Total net sales of fiber cement and fiber gypsum products, excluding accessory sales, divided by the total volume of products sold Working Capital – The working capital calculation used in our cash provided by operating analysis includes the change in: (1) Accounts and other receivables, net; (2) Inventories; and (3) Accounts payable and accrued liabilities. ROCE - Return on Capital Employed; calculated as Adjusted EBIT / Adjusted Gross Capital Employed AICF – Asbestos Injuries Compensation Fund Ltd mmsf – sales volume in million square feet, where a square foot is defined as a standard square foot of 5/16” thickness msf – sales volume in thousand square feet, where a square foot is defined as a standard square foot of 5/16” thickness


 
Page 26 J A M E S H A R D I E Q 1 F Y 2 4 R E S U L T S NON-GAAP FINANCIAL MEASURES


 
Page 27 J A M E S H A R D I E Q 1 F Y 2 4 R E S U L T S NON-GAAP FINANCIAL MEASURES


 
Page 28 J A M E S H A R D I E Q 1 F Y 2 4 R E S U L T S US$ Millions FY24 FY23 Interest, net 5.8$ 8.8$ AICF interest income, net (2.3) (0.2) Adjusted interest, net 8.1$ 9.0$ Adjusted interest, net Three Months Ended 30 June NON-GAAP FINANCIAL MEASURES


 
Page 29 J A M E S H A R D I E Q 1 F Y 2 4 R E S U L T S Adjusted diluted earnings per share FY24 FY23 Adjusted net income (US$ Millions) 174.5$ 154.3$ Weighted average common shares outstanding - Diluted (millions) 442.8 445.9 Adjusted diluted earnings per share 0.39$ 0.35$ Three Months Ended 30 June NON-GAAP FINANCIAL MEASURES


 
8 AUGUST 2023 Q1 FY24 Management Presentation


 
Document

Exhibit 99.6

James Hardie Industries plc
Condensed Consolidated Financial Statements
as of and for the Three Months Ended 30 June 2023



F-1


James Hardie Industries plc
Index

 Page

F-2


James Hardie Industries plc
Condensed Consolidated Balance Sheets
(Millions of US dollars)
(Unaudited)
30 June
2023
31 March
2023
Assets
Current assets:
Cash and cash equivalents$137.0 $113.0 
Restricted cash and cash equivalents5.0 5.0 
Restricted cash and cash equivalents - Asbestos15.0 67.6 
Restricted short-term investments - Asbestos194.9 140.9 
Accounts and other receivables, net359.3 354.8 
Inventories312.1 344.2 
Prepaid expenses and other current assets50.0 41.0 
Insurance receivable - Asbestos6.7 6.8 
Workers’ compensation - Asbestos1.8 1.8 
Total current assets1,081.8 1,075.1 
Property, plant and equipment, net1,898.9 1,839.6 
Operating lease right-of-use-assets58.1 59.4 
Finance lease right-of-use-assets3.3 2.0 
Goodwill194.3 194.9 
Intangible assets, net153.7 155.2 
Restricted long-term investments - Asbestos 36.2 
Insurance receivable - Asbestos27.2 28.2 
Workers’ compensation - Asbestos16.2 16.4 
Deferred income taxes725.7 755.6 
Deferred income taxes - Asbestos285.8 298.6 
Other assets16.7 17.9 
Total assets$4,461.7 $4,479.1 
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable and accrued liabilities$397.8 $387.7 
Accrued payroll and employee benefits82.0 108.3 
Operating lease liabilities18.4 18.1 
Finance lease liabilities1.1 0.8 
Accrued product warranties3.8 5.4 
Income taxes payable40.2 15.4 
Asbestos liability118.0 119.4 
Workers’ compensation - Asbestos1.8 1.8 
Other liabilities26.7 40.4 
Total current liabilities689.8 697.3 
Long-term debt977.9 1,059.0 
Deferred income taxes97.5 93.6 
Operating lease liabilities59.2 61.1 
Finance lease liabilities2.4 1.4 
Accrued product warranties31.4 30.2 
Income taxes payable 2.3 
Asbestos liability813.8 857.7 
Workers’ compensation - Asbestos16.2 16.4 
Other liabilities54.1 48.7 
Total liabilities2,742.3 2,867.7 
Commitments and contingencies (Note 8)
Shareholders’ equity:
Common stock, Euro 0.59 par value, 2.0 billion shares authorized; 440,122,249 shares issued and outstanding at 30 June 2023 and 442,056,296 shares issued and outstanding at 31 March 2023
228.7 230.0 
Additional paid-in capital243.0 237.9 
Retained earnings1,308.0 1,196.8 
Accumulated other comprehensive loss(60.3)(53.3)
Total shareholders’ equity1,719.4 1,611.4 
Total liabilities and shareholders’ equity$4,461.7 $4,479.1 
The accompanying notes are an integral part of these condensed consolidated financial statements.
F-3


James Hardie Industries plc
Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited)


Three Months Ended 30 June
(Millions of US dollars, except per share data)20232022
Net sales$954.3 $1,000.9 
Cost of goods sold580.9 661.8 
Gross profit373.4 339.1 
Selling, general and administrative expenses128.9 121.6 
Research and development expenses10.7 9.4 
Asbestos adjustments (gain) loss
(0.1)(13.2)
Operating income233.9 221.3 
Interest, net5.8 8.8 
Other (income) expense (0.3)0.2 
Income before income taxes228.4 212.3 
Income tax expense70.6 49.2 
Net income$157.8 $163.1 
Income per share:
Basic$0.36 $0.37 
Diluted$0.36 $0.37 
Weighted average common shares outstanding (Millions):
Basic441.8 445.4 
Diluted442.8 445.9 
Comprehensive income, net of tax:
Net income$157.8 $163.1 
Currency translation adjustments(7.0)(34.7)
Comprehensive income$150.8 $128.4 
The accompanying notes are an integral part of these condensed consolidated financial statements.
F-4


James Hardie Industries plc
Condensed Consolidated Statements of Cash Flows (Unaudited)
Three Months Ended 30 June
(Millions of US dollars)20232022
Cash Flows From Operating Activities
Net income$157.8 $163.1 
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization44.9 40.5 
Lease expense6.2 6.3 
Deferred income taxes32.8 26.5 
Stock-based compensation6.1 1.4 
Asbestos adjustments (gain) loss
(0.1)(13.2)
Other, net5.9 2.2 
Changes in operating assets and liabilities:
Accounts and other receivables(5.8)13.8 
Inventories30.9 (26.0)
Lease assets and liabilities, net(6.0)(6.4)
Prepaid expenses and other assets(7.9)(23.4)
Insurance receivable - Asbestos0.6 1.4 
Accounts payable and accrued liabilities26.7 (0.4)
Claims and handling costs paid - Asbestos(33.6)(28.6)
Income taxes payable23.0 10.4 
Other accrued liabilities(29.2)(14.0)
Net cash provided by operating activities$252.3 $153.6 
Cash Flows From Investing Activities
Purchases of property, plant and equipment$(125.6)$(174.1)
Capitalized interest(3.8)(0.8)
Purchase of restricted investments - Asbestos(20.1)(40.9)
Net cash used in investing activities$(149.5)$(215.8)
Cash Flows From Financing Activities
Proceeds from credit facilities$ $40.0 
Repayments of credit facilities(80.0)(30.0)
Proceeds from issuance of shares0.1 — 
Repayment of finance lease obligations and borrowings(0.3)(0.3)
Shares repurchased(49.0)— 
Taxes paid related to net share settlement of equity awards (0.8)
Net cash (used in) provided by financing activities$(129.2)$8.9 
Effects of exchange rate changes on cash and cash equivalents, restricted cash and restricted cash - Asbestos$(2.2)$(9.0)
Net decrease in cash and cash equivalents, restricted cash and restricted cash - Asbestos(28.6)(62.3)
Cash and cash equivalents, restricted cash and restricted cash - Asbestos at beginning of period185.6 271.9 
Cash and cash equivalents, restricted cash and restricted cash - Asbestos at end of period$157.0 $209.6 
Non-Cash Investing and Financing Activities
Capital expenditures incurred but not yet paid$18.9 $42.1 

The accompanying notes are an integral part of these condensed consolidated financial statements.
F-5


James Hardie Industries plc
Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited)
Three Months Ended 30 June 2023
(Millions of US dollars)Common
Stock
Additional
Paid-in
Capital
Retained
Earnings
Treasury
Stock
Accumulated
Other
Comprehensive
Loss
Total
Balances as of 31 March 2023
$230.0 $237.9 $1,196.8 $ $(53.3)$1,611.4 
Net income— — 157.8 — — 157.8 
Other comprehensive loss— — — — (7.0)(7.0)
Stock-based compensation— 6.1 — — — 6.1 
Issuance of ordinary shares— 0.1 — — — 0.1 
Shares repurchased— — — (49.0)— (49.0)
Shares cancelled(1.3)(1.1)(46.6)49.0 — — 
Balances as of 30 June 2023
$228.7 $243.0 $1,308.0 $ $(60.3)$1,719.4 

Three Months Ended 30 June 2022
(Millions of US dollars)Common
Stock
Additional
Paid-in
Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Loss
Total
Balances as of 31 March 2022
$232.1 $230.4 $892.4 $(22.0)$1,332.9 
Net income— — 163.1 — 163.1 
Other comprehensive loss— — — (34.7)(34.7)
Stock-based compensation0.1 0.5 — — 0.6 
Dividends declared— — (133.6)— (133.6)
Balances as of 30 June 2022
$232.2 $230.9 $921.9 $(56.7)$1,328.3 
The accompanying notes are an integral part of these condensed consolidated financial statements.


F-6


James Hardie Industries plc
Notes to Condensed Consolidated Financial Statements
1.  Organization and Significant Accounting Policies
Nature of Operations
James Hardie Industries plc ("JHI plc") manufactures and sells fiber cement, fiber gypsum and cement-bonded building products for interior and exterior building construction applications, primarily in the United States, Australia, Europe, New Zealand and the Philippines.
Basis of Presentation
The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the U.S. generally accepted accounting principles ("GAAP") for interim financial information. Accordingly, they do not include all the information and footnotes required by GAAP for complete financial statements. Interim financial results are not necessarily indicative of results anticipated for the full year. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto, included in the Company’s Annual Report on Form 20-F for the fiscal year ended 31 March 2023 from which the prior year balance sheet information herein was derived. The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue and expense, and related disclosures. Actual results could differ from those estimates.
The condensed consolidated financial statements represent the financial position, results of operations and cash flows of JHI plc and its wholly-owned subsidiaries and variable interest entity (“VIE”). Unless the context indicates otherwise, JHI plc and its direct and indirect wholly-owned subsidiaries and VIE (as of the time relevant to the applicable reference) are collectively referred to as “James Hardie”, the “James Hardie Group” or the “Company”. All intercompany balances and transactions have been eliminated in consolidation. In management’s opinion, the accompanying unaudited condensed consolidated financial statements reflect all adjustments, consisting of normal recurring adjustments considered necessary for a fair presentation of the results for the interim periods presented.
The Company has recorded on its condensed consolidated balance sheets certain foreign assets and liabilities, including asbestos related assets and liabilities under the terms of the Amended and Restated Final Funding Agreement (“AFFA”), that are denominated in foreign currencies and subject to translation (foreign entities) or remeasurement (Asbestos Injuries Compensation Fund (“AICF”) entity and Euro denominated debt) into US dollars at each reporting date. Unless otherwise noted, the Company converts foreign currency denominated assets and liabilities into US dollars at the current spot rate at the end of the reporting period; while revenues and expenses are converted using an average exchange rate for the period. The Company records gains and losses on its Euro denominated debt which are economically offset by foreign exchange gains and losses on loans between subsidiaries, resulting in a net immaterial translation gain or loss which is recorded in the Selling, general and administrative expenses in the condensed consolidated statements of operations and comprehensive income.
Summary of Significant Accounting Policies
During the three months ended 30 June 2023, there were no changes to our significant accounting policies as described in our Annual Report on Form 20-F for the fiscal year ended 31 March 2023.
F-7

James Hardie Industries plc
Notes to Condensed Consolidated Financial Statements (continued)
Earnings Per Share
Basic earnings per share ("EPS") is calculated using net income divided by the weighted average number of common shares outstanding during the period. Diluted EPS is similar to basic EPS except that the weighted average number of common shares outstanding is increased to include the number of additional common shares calculated using the treasury method that would have been outstanding if the dilutive potential common shares, such as stock options and restricted stock units, had been issued.
Basic and dilutive common shares outstanding used in determining net income per share are as follows:
 Three Months Ended 30 June
(Millions of shares)20232022
Basic common shares outstanding441.8445.4
Dilutive effect of stock awards1.00.5
Diluted common shares outstanding442.8445.9
There were no potential common shares which would be considered anti-dilutive for the three months ended 30 June 2023 and 2022.
Potential common shares of 0.5 million and 0.3 million for the three months ended 30 June 2023 and 2022, respectively, have been excluded from the calculation of diluted common shares outstanding as they are considered contingent shares which are not expected to vest.
2. Revenues
The following represents the Company's disaggregated revenues:
Three Months Ended 30 June 2023
(Millions of US dollars)North America
Fiber Cement
Asia Pacific
Fiber Cement
Europe Building
Products
Consolidated
Fiber cement revenues$694.8 $140.1 $21.0 $855.9 
Fiber gypsum revenues— — 98.4 98.4 
Total revenues$694.8 $140.1 $119.4 $954.3 
Three Months Ended 30 June 2022
(Millions of US dollars)North America
Fiber Cement
Asia Pacific
Fiber Cement
Europe Building
Products
Consolidated
Fiber cement revenues$740.1 $142.8 $18.6 $901.5 
Fiber gypsum revenues— — 99.4 99.4 
Total revenues$740.1 $142.8 $118.0 $1,000.9 
The process by which the Company recognizes revenues is similar across each of the Company's reportable segments. Fiber cement and fiber gypsum revenues are primarily generated from the sale of siding and various boards used in external and internal applications, as well as accessories. Fiber gypsum revenues also includes the sale of cement-bonded boards in the Europe Building Products segment.
F-8

James Hardie Industries plc
Notes to Condensed Consolidated Financial Statements (continued)
3.  Cash and Cash Equivalents, Restricted Cash and Restricted Cash - Asbestos
The following table provides a reconciliation of Cash and cash equivalents, Restricted cash and Restricted cash - Asbestos reported within the condensed consolidated balance sheets that sum to the total of the same such amounts shown in the condensed consolidated statements of cash flows:
 30 June31 March
(Millions of US dollars)20232023
Cash and cash equivalents$137.0 $113.0 
Restricted cash5.0 5.0 
Restricted cash - Asbestos15.0 67.6 
Total cash and cash equivalents, restricted cash and restricted cash - Asbestos$157.0 $185.6 
Restricted cash relates to an insurance policy which restricts the cash from general corporate purposes.
Restricted cash - Asbestos is restricted to the settlement of asbestos claims and for the payment of the operating costs of AICF.
4.  Inventories
Inventories consist of the following components:
 30 June31 March
(Millions of US dollars)20232023
Finished goods$213.4 $237.8 
Work-in-process22.3 23.0 
Raw materials and supplies90.5 93.9 
Provision for obsolete finished goods and raw materials(14.1)(10.5)
Total inventories$312.1 $344.2 

5.  Long-Term Debt
30 June31 March
(Millions of US dollars)20232023
Senior unsecured notes:
Principal amount 3.625% notes due 2026 (€400.0 million)
$434.8 $436.1 
Principal amount 5.000% notes due 2028
400.0 400.0 
Total834.8 836.1 
Unsecured revolving credit facility150.0 230.0 
Unamortized debt issuance costs:(6.9)(7.1)
Total Long-term debt$977.9 $1,059.0 
Weighted average interest rate of Long-term debt4.7 %4.7 %
Weighted average term of available Long-term debt3.7 years
4.0 years
Fair value of Senior unsecured notes (Level 1)
$788.0 $785.2 
F-9

James Hardie Industries plc
Notes to Condensed Consolidated Financial Statements (continued)
As of 30 June 2023, the Company had a total borrowing base capacity under the revolving credit facility of US$600.0 million with outstanding borrowings of US$150.0 million, and US$6.3 million of issued but undrawn letters of credit and bank guarantees. These letters of credit and bank guarantees relate to various operational matters including insurance, performance bonds and other items, leaving the Company with US$443.7 million of available borrowing capacity under the revolving credit facility.
As of 30 June 2023, the Company was in compliance with all of its covenants contained in the senior unsecured notes and the unsecured revolving credit facility agreement.
6.  Asbestos
In February 2007, the Company's shareholders approved the AFFA, an agreement pursuant to which the Company provides long-term funding to AICF.
Asbestos Adjustments (Gain) Loss
The Asbestos adjustments (gain) loss included in the condensed consolidated statements of operations and comprehensive income comprise the following:
 Three Months Ended 30 June
(Millions of US dollars)20232022
Effect of foreign exchange on Asbestos net liabilities$(4.4)$(34.0)
Loss on foreign currency forward contracts4.2 20.4 
Other0.1 0.4 
Asbestos adjustments (gain) loss
$(0.1)$(13.2)
Claims Data
The following table shows the activity related to the numbers of open claims, new claims and closed claims during each of the past five years and the average settlement per settled claim and case closed:
Three Months
 EndedFor the Years Ended 31 March
  30 June 202320232022202120202019
Number of open claims at beginning of period359 365 360 393 332 336 
Number of new claims
Direct claims96 403 411 392 449 430 
Cross claims39 152 144 153 208 138 
Number of closed claims173 561 550 578 596 572 
Number of open claims at end of period321 359 365 360 393 332 
Average settlement amount per settled claimA$286,000A$303,000A$314,000A$248,000A$277,000A$262,000
Average settlement amount per case closed 1
A$255,000A$271,000A$282,000A$225,000A$245,000A$234,000
Average settlement amount per settled claimUS$191,000US$208,000US$232,000US$178,000US$189,000US$191,000
Average settlement amount per case closed 1
US$170,000US$186,000US$208,000US$162,000US$167,000US$171,000
 1 The average settlement amount per case closed includes nil settlements.
F-10

James Hardie Industries plc
Notes to Condensed Consolidated Financial Statements (continued)
Under the terms of the AFFA, the Company has rights of access to actuarial information produced for AICF by the actuary appointed by AICF, which is currently KPMG. The Company’s disclosures with respect to claims statistics are subject to it obtaining such information, however, the AFFA does not provide the Company an express right to audit or otherwise require independent verification of such information or the methodologies to be adopted by the approved actuary. As such, the Company relies on the accuracy and completeness of the information provided by AICF to the approved actuary and the resulting information and analysis of the approved actuary when making disclosures with respect to claims statistics.
The following is a detailed rollforward of the Net Unfunded AFFA liability, net of tax, for the three months ended 30 June 2023:
(Millions of US dollars)  Asbestos
Liability
Insurance
Receivables
Restricted
Cash and Investments
Other
Assets
and Liabilities
Net Unfunded AFFA LiabilityDeferred Tax
Assets
Income
Tax
Payable
Net Unfunded AFFA Liability, net of tax
Opening Balance - 31 March 2023
$(977.1)$35.0 $244.7 $(0.6)$(698.0)$298.6 $40.7 $(358.7)
Asbestos claims paid33.3 — (33.3)— — — — — 
AICF claims-handling costs incurred (paid)0.3 — (0.3)— — — — — 
AICF operating costs paid - non claims-handling— — (0.4)— (0.4)— — (0.4)
Insurance recoveries— (0.6)0.6 — — — — — 
Movement in income tax payable— — — — — (8.7)(31.6)(40.3)
Other movements— — 1.2 1.0 2.2 (0.5)(0.1)1.6 
Effect of foreign exchange11.7 (0.5)(2.6)(0.1)8.5 (3.6)(0.5)4.4 
Closing Balance - 30 June 2023
$(931.8)$33.9 $209.9 $0.3 $(687.7)$285.8 $8.5 $(393.4)
AICF Funding
During fiscal year 2024, the Company will contribute A$137.5 million to AICF in quarterly installments. The first payment of A$34.4 million was made on 3 July 2023.
For the three months ended 30 June 2023, the Company did not provide financial or other support to AICF that it was not previously contractually required to provide.
F-11

James Hardie Industries plc
Notes to Condensed Consolidated Financial Statements (continued)
Restricted Investments
AICF invests its excess cash in time deposits, which are classified as held to maturity investments and the carrying value materially approximates the fair value for each investment. The following table represents the investments outstanding as of 30 June 2023:
Date InvestedMaturity DateInterest RateA$ Millions
April 202315 April 20244.35%30.0
February 202313 July 20234.74%70.0
February 202313 October 20234.74%40.0
February 202313 January 20244.74%39.0
February 202313 February 20244.74%1.0
April 20225 April 20242.75%54.0
January 202225 January 20241.41%30.0
October 20216 October 20230.60%30.0
7.  Derivative Instruments
The Company uses derivatives for risk management purposes and does not engage in speculative activity. A risk management objective for the Company is to mitigate interest rate risk associated with the Company’s external credit facilities and foreign currency risk primarily with respect to forecasted transactions denominated in foreign currencies. The determination of whether the Company enters into a derivative transaction to achieve these risk management objectives depends on a number of factors, including an evaluation of the extent to which derivative instruments will achieve such risk management objectives of the Company.
Foreign Currency Forward Contracts
The Company’s foreign currency forward contracts are valued using models that maximize the use of market observable inputs including interest rate curves and both forward and spot prices for currencies and are categorized as Level 2 within the fair value hierarchy.
The following table sets forth the total outstanding notional amount and the fair value of the Company’s foreign currency forward contracts:
Fair Value as of
(Millions of US dollars)Notional Amount30 June 202331 March 2023
Derivatives not accounted for as hedges30 June 2023
31 March 2023
AssetsLiabilitiesAssetsLiabilities
Foreign currency forward contracts$462.6 $269.0 $3.0 $16.5 $2.2 $11.4 
F-12

James Hardie Industries plc
Notes to Condensed Consolidated Financial Statements (continued)
The following table sets forth the gain and loss on the Company’s foreign currency forward contracts recorded in the Company's condensed consolidated statements of operations and comprehensive income as follows:
Three Months Ended 30 June
(Millions of US dollars)20232022
Asbestos adjustments loss$4.2 $20.4 
Selling, general and administrative expenses 4.6 
Total loss$4.2 $25.0 
8.  Commitments and Contingencies
Legal Matters
The Company is involved from time to time in various legal proceedings and administrative actions related to the normal conduct of its business, including general liability claims, putative class action lawsuits and litigation concerning its products.
Although it is impossible to predict the outcome of any pending legal proceeding, management believes that such proceedings and actions should not, individually or in the aggregate, have a material adverse effect on the Company’s condensed consolidated financial position, results of operations or cash flows, except as they relate to asbestos, Australia Class Action Securities Claim and New Zealand weathertightness ("NZWT") claims as described in these condensed consolidated financial statements.
New Zealand Weathertightness Claims
Since fiscal year 2002, the Company’s New Zealand subsidiaries have been joined in a number of weathertightness claims in New Zealand that relate to residential buildings (single dwellings and apartment complexes) and a small number of non-residential buildings, primarily constructed from 1998 to 2004. The claims often involve multiple parties and allege that losses were incurred due to excessive moisture penetration of the buildings’ structures. The claims typically include allegations of poor building design, inadequate certification of plans, inadequate construction review and compliance certification and deficient work by sub-contractors.
Historically, the Company’s New Zealand subsidiaries have been joined to these claims as one of several co-defendants, including local government entities responsible for enforcing building codes and practices, resulting in the Company’s New Zealand subsidiaries becoming liable for only a portion of each claim. In addition, the Company’s New Zealand subsidiaries have had access to third-party recoveries to defray a portion of the costs incurred in resolving such claims.
There remains only one outstanding NZWT claim, Cridge, et al., which was filed in 2015 on behalf of multiple plaintiffs against the Company and/or its subsidiaries as the sole defendants, which alleges that the New Zealand subsidiaries’ products were inherently defective. The Company believes it has substantial factual and legal defenses to the claim and is defending the claim vigorously.
F-13

James Hardie Industries plc
Notes to Condensed Consolidated Financial Statements (continued)
Cridge, et al. (Case Nos. CIV-2015-485-594 and CIV-2015-485-773), In the High Court of New Zealand, Wellington Registry (hereinafter the “Cridge litigation”). From August to December 2020, the trial of phase one of the Cridge litigation was held in Wellington, New Zealand solely to determine whether the Company’s New Zealand subsidiaries had a duty to the plaintiffs and breached that duty. In August 2021, the Wellington High Court issued its decision finding in favor of the Company on all claims (the “Cridge Decision”). In September 2021, plaintiffs filed a notice of appeal of the trial court’s decision, and subsequently the appellate court held a hearing in August 2022. The Company anticipates the appellate court will issue its decision during calendar year 2023. As of 30 June 2023, the Company has not recorded a reserve related to the Cridge litigation as the chance of loss remains not probable following the Cridge Decision. An adverse judgement on the Cridge matter could have a material adverse impact on our consolidated financial position, results of operations or cash flows.
Waitakere, et al. (Case No. CIV-2015-404-3080), In the High Court of New Zealand, Auckland Registry was settled on 24 April 2023 via a negotiated commercial agreement, the terms of which are confidential.
Australia Class Action Securities Claim
On 8 May 2023, a group proceeding (class action) was filed in The Supreme Court of Victoria, Australia by Raeken Pty Ltd against James Hardie Industries plc on behalf of persons who purchased certain James Hardie equity securities from 7 February 2022, through 7 November 2022. The litigation is being funded by a litigation funder in Australia, CASL Funder Pty Ltd. The proceeding includes allegations that James Hardie breached relevant provisions of the Corporations Act 2001 (Cth) and the Australian and Securities Investment Act 2001 (Cth), including with respect to certain forward-looking statements James Hardie made about forecasted financial performance measures during the period specified above. The Company is reviewing this matter and will defend the allegations vigorously. As of 30 June 2023, the Company has not recorded a reserve related to this matter as the chance of loss is not probable and the amount of loss, if any, cannot be reasonably estimated.

Environmental
The operations of the Company, like those of other companies engaged in similar businesses, are subject to a number of laws and regulations on air, soil and water quality, waste handling and disposal. The Company’s policy is to accrue for environmental costs when it is determined that it is probable that an obligation exists and the amount can be reasonably estimated.
9.  Income Taxes
Income taxes payable represents taxes currently payable which are computed at statutory income tax rates applicable to taxable income derived in each jurisdiction in which the Company conducts business. During the three months ended 30 June 2023, the Company paid taxes, net of refunds, of US$6.0 million.
Income tax expense differs from the statutory rate primarily due to the Company’s mix of pre-tax income by jurisdiction, foreign taxes on domestic income and foreign exchange on asbestos.
Deferred income taxes include net operating loss carry-forwards. At 30 June 2023, the Company had tax loss carry-forwards in Australia, New Zealand, Europe and the US of approximately US$78.0 million that are available to offset future taxable income in the respective jurisdiction. The Company establishes a valuation allowance against a deferred tax asset if it is more likely than not that some portion or all of the deferred tax asset will not be realized.
F-14

James Hardie Industries plc
Notes to Condensed Consolidated Financial Statements (continued)
The Australian tax loss carry-forwards primarily result from current and prior year tax deductions for contributions to AICF. James Hardie 117 Pty Limited, the performing subsidiary under the AFFA, is able to claim a tax deduction for its contributions to AICF over a five-year period commencing in the year the contribution is incurred. At 30 June 2023, the Company recognized a tax deduction of US$28.9 million (A$43.2 million) for the current year relating to total contributions to AICF of US$620.4 million (A$864.3 million) incurred in tax years 2019 through 2023.
10.  Stock-Based Compensation
Total stock-based compensation expense consists of the following:
 Three Months Ended 30 June
(Millions of US dollars)20232022
Liability Awards$4.1 $(1.7)
Equity Awards6.1 1.4 
Total stock-based compensation expense (income)$10.2 $(0.3)
As of 30 June 2023, the unrecorded future stock-based compensation expense related to outstanding equity awards was US$26.0 million and will be recognized over an estimated weighted average amortization period of 1.8 years.
11. Capital Management
On 8 November 2022, the Company announced a share buyback program to acquire up to US$200 million of its outstanding shares through October 2023. Below is the activity under this program:
In Millions, except price per shareTotal Number
of Shares
Purchased
Average Price
Paid per
Share
(US$)
Total Number of
Shares Purchased
as Part of
Publicly
Announced
Program
Maximum Dollar
Value of Shares
That May Yet be
Purchased Under
the Program
(US$)
Total as of 31 March 20233.83.8$121.6
1 April 2023 - 30 April 2023$—$121.6
1 May 2023 - 31 May 20231.0$24.841.0$96.8
1 June 2023 - 30 June 20231.0$25.651.0$72.6
Total as of 30 June 2023
5.85.8$72.6
All shares repurchased were subsequently cancelled by the Company and are no longer available for issuance.
12.  Segment Information
The Company reports its operating segment information in the format that the operating segment information is available to and evaluated by the Chief Operating Decision Maker. The North America Fiber Cement segment manufactures fiber cement interior linings, exterior siding products and related accessories in the United States; these products are sold in the United States and Canada. The Asia Pacific Fiber Cement segment includes all fiber cement products manufactured in Australia and the Philippines, and sold in Australia, New Zealand, Asia, the Middle East and various Pacific Islands. The Europe Building Products segment includes fiber gypsum product manufactured in Europe, and fiber cement product manufactured in the United States that is sold in Europe. The Research and Development segment represents the cost incurred by the research and development centers. General
F-15

James Hardie Industries plc
Notes to Condensed Consolidated Financial Statements (continued)
Corporate primarily consist of Asbestos adjustments (gain) loss, officer and employee compensation and related benefits, professional and legal fees, administrative costs and rental expense on the Company’s corporate offices. The Company does not report net interest expense for each segment as the segments are not held directly accountable for interest expense.
Operating Segments
The following is the Company’s operating segment information:
Net Sales
Three Months Ended 30 June
(Millions of US dollars)20232022
North America Fiber Cement$694.8 $740.1 
Asia Pacific Fiber Cement140.1 142.8 
Europe Building Products119.4 118.0 
Worldwide total$954.3 $1,000.9 
Operating Income
 Three Months Ended 30 June
(Millions of US dollars)20232022
North America Fiber Cement$217.6 $191.8 
Asia Pacific Fiber Cement46.5 36.6 
Europe Building Products11.8 12.1 
Research and Development(8.3)(8.4)
Segments total267.6 232.1 
General Corporate(33.7)(10.8)
Total operating income$233.9 $221.3 
Depreciation and Amortization
Three Months Ended 30 June
(Millions of US dollars)20232022
North America Fiber Cement$32.7 $30.0 
Asia Pacific Fiber Cement4.1 3.1 
Europe Building Products7.0 6.6 
General Corporate0.5 0.5 
Research and Development0.6 0.3 
Worldwide total$44.9 $40.5 
F-16

James Hardie Industries plc
Notes to Condensed Consolidated Financial Statements (continued)
Research and development expenditures are expensed as incurred and are summarized by segment in the following table. For the three months ended 30 June 2023 and 2022, Research and development segment operating income also includes Selling, general and administrative expenses of US$0.6 million.
Research and Development Expenses
 Three Months Ended 30 June
(Millions of US dollars)20232022
North America Fiber Cement$2.0 $0.9 
Asia Pacific Fiber Cement0.3 0.4 
Europe Building Products0.7 0.3 
Research and Development7.7 7.8 
Worldwide total$10.7 $9.4 
13.  Accumulated Other Comprehensive Loss
Accumulated other comprehensive loss is comprised of the following at 30 June 2023:
(Millions of US dollars)Cash Flow
Hedges
Pension
Actuarial
Gain
Foreign
Currency
Translation
Adjustments
Total
Balance at 31 March 2023
$0.2 $1.8 $(55.3)$(53.3)
Other comprehensive loss— — (7.0)(7.0)
Balance at 30 June 2023
$0.2 $1.8 $(62.3)$(60.3)
F-17
a997changeinsubstantialh
James Hardie Industries plc 1st Floor, Block A, One Park Place, Upper Hatch Street, Dublin 2, D02 FD79, Ireland T: +353 (0) 1 411 6924 F: +353 (0) 1 479 1128 James Hardie Industries plc is a limited liability company incorporated in Ireland with its registered office at 1st Floor, Block A, One Park Place, Upper Hatch Street, Dublin 2, D02 FD79, Ireland. Directors: Anne Lloyd (Chairperson, USA), Peter-John Davis (Aus), Persio Lisboa (USA), Renee Peterson (USA), Rada Rodriguez (Sweden), Suzanne B. Rowland (USA), Nigel Stein (UK), Harold Wiens (USA). Chief Executive Officer and Director: Aaron Erter (USA) Company number: 485719 ARBN: 097 829 895 31 July 2023 The Manager Company Announcements Office Australian Securities Exchange Limited 20 Bridge Street SYDNEY NSW 2000 Dear Sir/Madam Substantial Holding Notice As required under ASX Listing Rule 3.17.3 please see attached copy of the substantial holding notice received by James Hardie on 28 July 2023. Regards Aoife Rockett Company Secretary This announcement has been authorised for release by the Company Secretary, Ms Aoife Rockett.


 
28/07/2023 James Hardie Industries PLC Group Company Secretary Second Floor, Europa House Harcourt Centre Harcourt Street Dublin 2, D02 WR20 Ireland Dear Sir/Madam, Re: Disclosure of holding below 6% threshold AustralianSuper Pty Ltd (“AustralianSuper”) has a relevant share capital holding (as defined in Section 1047 of the Companies Act 2014) in James Hardie Industries PLC which requires disclosure under Section 1048 and/or Section 1050 of the Companies Act 2014, further particulars of which are set out below. As at 20 July 2023, there was an aggregated interest in James Hardie Industries PLC Chess Depository Interests of 5.65% ordinary share capital. This was based on 24,863,510 shares held and a total of 440,122,249 voting shares and class share outstanding. A previous announcement of 6.75% interest in relevant share capital based on the same total voting shares and class share outstanding was disclosed on 06 July 2023 for value date 29 June 2023. Yours faithfully Andrew Lazar Head of Compliance, Investments & Fund Services


 
The Registered holder of all shares is: JP Morgan Nominees Australia Limited 85 Castlereagh Street, Sydney NSW 2000 Date Number of CDIs % held 20/07/2023 24,863,510 5.65%


 
Document
Media Release
3 August 2023
EXHIBIT 99.8
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James Hardie Building Products Announces Exclusive National Relationship with D.R. Horton, “America’s Builder”
The largest hard siding company in North America becomes exclusive hard siding provider to the largest homebuilder in the US

James Hardie Building Products Inc., a subsidiary of James Hardie Industries plc (ASX: JHX; NYSE: JHX), the North American leader in fiber cement home siding and exterior design solutions, is proud to announce a landmark national agreement with D.R. Horton, Inc., the largest homebuilder in the United States. Through this premier relationship, James Hardie is D.R. Horton's national supplier for their hard siding and trim category through December 2026.

The exclusive collaboration solidifies the ongoing relationship between the two industry leaders and promises to bring premier quality and innovative solutions to home construction across the country. “Throughout our company’s history, we have aligned ourselves with like-minded partners who share our passion for creating well-designed homes for every stage of life,” said Paul Romanowski, Co-Chief Operating Officer of D.R. Horton. “We are excited to enter this three-year-plus exclusive siding arrangement with James Hardie and look forward to continuing our shared growth.”

James Hardie, renowned for its superior products and dedication to excellence, shares a common vision with D.R. Horton, making this exclusive partnership a natural fit. Together, they aim to enhance the quality and aesthetics of homes across the nation by integrating siding and trim products by James Hardie into D.R. Horton's homebuilding projects.

"We are thrilled to be the exclusive national provider of hard siding and trim for D.R. Horton’s home developments," said Sean Gadd, President of James Hardie North America. "Through this renewed relationship, customers will now be able to personalize their home with the vast inventory of exterior products available from James Hardie, combined with D.R. Horton’s best-in-class construction and design. Our commitment to delivering high-quality, durable siding products and exterior design solutions fits perfectly with D.R. Horton's mission to provide exceptional homes to their valued customers."

D.R. Horton's distinguished reputation in the housing market has been well-established, maintaining its status as the largest homebuilder in the United States since 2002. Recently, D.R. Horton reached an extraordinary milestone by celebrating the closure of its one millionth home, a testament to the company's dedication to excellence over its illustrious 45-year history.

Expanding its presence from 78 markets across 28 states in 2013 to an impressive 113 markets in 33 states today, D.R. Horton has significantly increased its output, building more than triple the number of homes during this period. The company anticipates closing over 82,000 homes in their fiscal 2023.

The collaboration between James Hardie and D.R. Horton promises to redefine standards for home construction, bringing together the expertise of two industry leaders to create homes that are both aesthetically appealing and built to last.

For more information about James Hardie Building Products Inc., visit www.jameshardie.com.



Media Release
3 August 2023
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James Hardie Building Products Inc.
James Hardie is the North American leader in fiber cement home siding and exterior design solutions. Hardie® products offer long lasting beauty and endless design possibilities with trusted protection and low maintenance. As the #1 producer and marketer of high-performance fiber cement building solutions, James Hardie offers siding and accessories for every style. Hardie® products are non-combustible and stand up to weather and time while empowering homeowners and building professionals to achieve the home of their dreams. James Hardie operates with an inclusive company culture, and an unwavering commitment to Zero Harm. The company proudly employs a diverse workforce of over 3,000 employees across operations in North America.

For more information and media resources, visit JamesHardie.com and JamesHardie.com/about-us/media-resources. For investor information, please visit ir.jameshardie.com.au.

Connect with James Hardie on social media:

Linkedin.com/JamesHardie
Instagram.com/JamesHardie
Facebook.com/JamesHardie
Twitter.com/JamesHardie

This media release has been authorized by Mr. Aaron Erter, Chief Executive Officer.
END
Investor/Media/Analyst Enquiries:
James Brennan-Chong
Director of Investor Relations and Market Intelligence


 
Telephone:  +1 312 756 9919
Email:  media@jameshardie.com.au

James Hardie Industries plc is a limited liability company incorporated in Ireland with its registered office at 1st Floor, Block A, One Park Place, Upper Hatch Street, Dublin 2, D02 FD79, Ireland.


###

ex9992023agmchairpersons
James Hardie Industries plc 1st Floor, Block A, One Park Place, Upper Hatch Street, Dublin 2, D02 FD79, Ireland T: +353 (0) 1 411 6924 F: +353 (0) 1 479 1128 James Hardie Industries plc is a limited liability company incorporated in Ireland with its registered office at 1st Floor, Block A, One Park Place, Upper Hatch Street, Dublin 2, D02 FD79, Ireland. Directors: Anne Lloyd (Chairperson, USA), Peter-John Davis (Aus), Persio Lisboa (USA), Renee Peterson (USA), Rada Rodriguez (Sweden), Suzanne B. Rowland (USA), Nigel Stein (UK), Harold Wiens (USA). Chief Executive Officer and Director: Aaron Erter (USA) Company number: 485719 ARBN: 097 829 895 3 August 2023 The Manager Company Announcements Office Australian Securities Exchange Limited 20 Bridge Street SYDNEY NSW 2000 Chairperson’s Address to 2023 Annual General Meeting and Presentation Dear Sir/Madam James Hardie Industries plc will be holding its 2023 Annual General Meeting (AGM) on Thursday, 3 August 2023 at 10:00pm (Dublin time) / Friday, 4 August 2023 at 7:00am (Sydney time). As required under ASX Listing Rule 3.13.3, a copy of the Chairperson’s Address to the 2023 AGM and the AGM Presentation are attached to this release. Regards Aoife Rockett Company Secretary This announcement has been authorised for release by the Company Secretary, Ms Aoife Rockett.


 
Chairperson’s Address 2023 Annual General Meeting Chairperson’s Address 1 Address to the 2023 Annual General Meeting Anne Lloyd, Chairperson, James Hardie Industries plc Welcome to James Hardie Industries plc’s 2023 Annual General Meeting (AGM), our fourteenth AGM to be held in Dublin. As we closed out our fiscal year 2023, there’s one word on my mind: momentum. It is an energizing time for James Hardie as we drive profitable growth, deliver another strong year despite global economic challenges, and honor what makes this company great. Our fundamentals are solid, and we’re supported by a team that has shown tremendous resilience in a year of change. In September 2022, the Board of Directors appointed Aaron Erter as CEO after an extensive search process. Aaron brings deep experience leading global teams, understanding consumers’ needs, and working together to meet those needs while driving new growth and demand. We believe Aaron is the right leader for James Hardie. Zero Harm and ESG At James Hardie, Zero Harm and ESG are part of our Foundational Imperatives. Our commitment to Zero Harm remains steadfast and we make the safety, security, and well-being of our people our top priority. We aggressively promote a Zero Harm safety environment, and I am encouraged by improvements in our incident rates globally. Sustainability is a never-ending journey for us and we plan to release our fiscal year 2023 Sustainability Report on 10 August 2023. We, like so many, are on a journey to do the right thing because it is the right thing for our business, its employees, and shareholders. Today, our Board exemplifies James Hardie’s commitment to diversity with 50% women represented on the Board and 63% of the Board with diversity characteristics. Further, we are actively working to build more diversity throughout the company continuously representing our global footprint. We continue to identify and develop solutions that do right by our planet, our people and the communities where we operate. In addition, we are increasing our ESG commitments, with even larger ambitions across the company while putting roadmaps in place to get us there and hold ourselves accountable. While this is just the beginning, we are all ready to do our part in building a better future for all. As our sustainability program progresses, the Board and management are committed to aligning with best- practice reporting standards and frameworks, including those set forth by the Global Reporting Initiative (GRI), the Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-related Financial Disclosures (TCFD). A Growth Company James Hardie is a Growth Company and we have a strong historical track record of creating global value; • 11% Global Net Sales, 10 year CAGR • 3x Global Operating Cash Flow, 3 year average FY23 vs FY13 • 40% Global Adjusted ROCE, avg FY19-FY23 • 16% Global Adjusted Net Income, 10 year CAGR


 
Chairperson’s Address 2023 Annual General Meeting Chairperson’s Address 2 We have the right strategy and people in place across all 3 regions in which we operate to continue to deliver long term sustainable growth. Importantly, we have the right strategic initiatives in place to execute on our opportunities that will propel growth. These initiatives include to; 1) Profitably grow and take where we have the right to win, 2) Bring our customers high value, differentiated solutions, and 3) Connect and influence all participants in the customer value chain. Across our business, we are Homeowner Focused, Customer and Contractor Driven. In North America, we’re deepening our relationships with our key customers and builders. In fact, approximately one in five new homes in the U.S. use James Hardie as their primary cladding. We see significant opportunities in Europe to grow share in the plank and panel markets while we continue to support our existing investments in underfloor heating. And we’re working to drive further penetration across our APAC countries through innovative solutions and collaboration over the entire value chain. Innovation continues to play a critical role in accelerating our growth around the world. I’m excited by what we’re doing in Europe to boost our siding and flooring segments and how we’re expanding our award- winning Hardie ™ Architectural Collection in our North America and Asia Pacific regions, all on top of an already strong core business. While this last year has been challenging, the James Hardie team executed successfully to close out our fiscal year 2023, delivering record net sales globally and in all three regions in local currency for the full year. We delivered full year Adjusted Net Income and Operating Cash Flows of US$605.5 million and US$607.6 million, respectively. Asbestos Injury Compensation Fund (AICF) Since the inception of AICF, James Hardie has contributed approximately A$2.1 billion to the fund. We at James Hardie remain committed to AICF and the terms of the Amended and Restated Final Funding Agreement. Board Changes We remain committed to ensuring we have a strong, diverse, and independent Board, and I would like to thank my fellow Board members for their continued support and demonstrated leadership during the year. In accordance with our previously announced Chair succession plan, I assumed the role of Chairperson at the conclusion of the 2022 AGM. In November 2022, we welcomed Renee Peterson and she will be standing for election at this AGM. Renee previously served as Vice President and CFO for The Toro Company, a leading worldwide provider of innovative solutions for the outdoor environment with responsibility for all aspects of finance, information technology and investor relations. Renee also previously served in various financial leadership positions at Eaton Corporation and spent over 25-years at Honeywell International. Renee’s career has spanned several different areas within the industrial sector, including aerospace, automotive, construction and consumer products. Closing I would like to close today by extending the Board’s gratitude and thanks to the over 5,000 employees of James Hardie around the world. Your ability to navigate the global market uncertainty while accelerating the strategy and improving the financial results is truly extraordinary and a testament to a strong team that is working globally and cross-functionally. There is momentum across every part of James Hardie. We are working to exceed the expectations of our people, sharpen our message, and accelerate our innovations, all of which will expand our growth and build on the storied legacy of James Hardie. END


 
Chairperson’s Address 2023 Annual General Meeting Chairperson’s Address 3 Forward-Looking Statements This Chairman’s Address contains forward-looking statements and information that are necessarily subject to risks, uncertainties and assumptions. Many factors could cause the actual results, performance or achievements of James Hardie to be materially different from those expressed or implied in this release, including, among others, the risks and uncertainties set forth in Section 3 “Risk Factors” in James Hardie’s Annual Report on Form 20-F for the year ended 31 March 2023; changes in general economic, political, governmental and business conditions globally and in the countries in which James Hardie does business; changes in interest rates; changes in inflation rates; changes in exchange rates; the level of construction generally; changes in cement demand and prices; changes in raw material and energy prices; changes in business strategy and various other factors. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein. James Hardie assumes no obligation to update or correct the information contained in this Media Release except as required by law. James Hardie Industries plc is a limited liability company incorporated in Ireland with its registered office at 1st Floor, Block A, One Park Place, Upper Hatch Street, Dublin 2, D02 FD79, Ireland.


 
ANNUAL GENERAL MEETING 3 August 2023 (New York and Dublin) / 4 August 2023 (Sydney)


 
2 CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS This Management Presentation contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. James Hardie Industries plc (the “Company”) may from time to time make forward-looking statements in its periodic reports filed with or furnished to the Securities and Exchange Commission on Forms 20-F and 6-K, in its annual reports to shareholders, in media releases and other written materials and in oral statements made by the Company’s officers, directors or employees to analysts, institutional investors, representatives of the media and others. Words such as “believe,” “anticipate,” “plan,” “expect,” “intend,” “target,” “estimate,” “project,” “predict,” “forecast,” “guideline,” “aim,” “will,” “should,” “likely,” “continue,” “may,” “objective,” “outlook” and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. These forward-looking statements are based upon management's current expectations, estimates, assumptions and beliefs concerning future events and conditions. Readers are cautioned not to place undue reliance on any forward-looking statements. Forward-looking statements are necessarily subject to risks, uncertainties and other factors, many of which are unforeseeable and beyond the Company’s control. Many factors could cause actual results, performance or achievements to be materially different from those expressed or implied in this Management Presentation, including, among others, the risks and uncertainties set forth in Section 3 “Risk Factors” in James Hardie’s Annual Report on Form 20-F for the year ended 31 March 2022; changes in general economic, political, governmental and business conditions globally and in the countries in which the Company does business, including the impact of COVID-19; changes in interest rates; changes in inflation rates; changes in exchange rates; the level of construction generally; changes in cement demand and prices; changes in raw material and energy prices; changes in business strategy and various other factors. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein. James Hardie assumes no obligation to update or correct the information contained in this Management Presentation except as required by law. This Management Presentation includes financial measures that are not considered a measure of financial performance under generally accepted accounting principles in the United States (GAAP). These financial measures are designed to provide investors with an alternative method for assessing our performance from on-going operations, capital efficiency and profit generation. Management uses these financial measures for the same purposes. These financial measures are or may be non-GAAP financial measures as defined in the rules of the U.S. Securities and Exchange Commission and may exclude or include amounts that are included or excluded, as applicable, in the calculation of the most directly comparable financial measures calculated in accordance with GAAP. These non-GAAP financial measures should not be considered to be more meaningful than the equivalent GAAP measure. Management has included such measures to provide investors with an alternative method for assessing its operating results in a manner that is focused on the performance of its ongoing operations and excludes the impact of certain legacy items, such as asbestos adjustments. Additionally, management uses such non-GAAP financial measures for the same purposes. However, these non-GAAP financial measures are not prepared in accordance with GAAP, may not be reported by all of the Company’s competitors and may not be directly comparable to similarly titled measures of the Company’s competitors due to potential differences in the exact method of calculation. For additional information regarding the non-GAAP financial measures presented in this Management Presentation, including a reconciliation of each non-GAAP financial measure to the equivalent GAAP measure, see the slide titled “Non-GAAP Financial Measures” included in the Appendix to this Management Presentation. In addition, this Management Presentation includes financial measures and descriptions that are considered to not be in accordance with GAAP, but which are consistent with financial measures reported by Australian companies, such as operating profit, EBIT and EBIT margin. Since the Company prepares its Consolidated Financial Statements in accordance with GAAP, the Company provides investors with definitions and a cross-reference from the non-GAAP financial measure used in this Management Presentation to the equivalent GAAP financial measure used in the Company’s Consolidated Financial Statements. See the section titled “Non-GAAP Financial Measures” included in the Appendix to this Management Presentation. CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS USE OF NON-GAAP FINANCIAL INFORMATION; AUSTRALIAN EQUIVALENT TERMINOLOGY


 
Contents are confidential and subject to disclosure and insider trading considerations 3 Anne Lloyd, Chairperson ANNUAL GENERAL MEETING – CHAIRPERSON’S ADDRESS


 
• Xxx • Xxx *Shareholders should refer to the Notice of Annual General Meeting 2023 for the full text and background to each resolution set forth in the presentation ANNUAL GENERAL MEETING – ITEMS OF BUSINESS*


 
5 RESOLUTION 1: Financial Statements and Reports for Fiscal Year 2023 • To receive and consider the financial statements and the reports of the Board and external auditor for the fiscal year ended 31 March 2023


 
6 RESOLUTION 1: Financial Statements and Reports for Fiscal Year 2023 PROXY RESULTS: Votes %* For 337,080,190 99.90 Against 28,280 0.01 Open** 313,382 0.09 Abstain 3,571,138 N/A Excluded 0 N/A * Percentages have been rounded ** ‘Open’ means the proxy could vote on the resolution in their discretion


 
7 RESOLUTION 2: Remuneration Report for Fiscal Year 2023 • To receive and consider the Remuneration Report of the Company for the fiscal year ended 31 March 2023


 
8 RESOLUTION 2: Remuneration Report for Fiscal Year 2023 PROXY RESULTS: Votes %* For 301,207,013 88.83 Against 37,570,843 11.08 Open** 307,022 0.09 Abstain 1,908,111 N/A Excluded 0 N/A * Percentages have been rounded ** ‘Open’ means the proxy could vote on the resolution in their discretion


 
9 RESOLUTION 3: Election/Re-election of Directors a. That Renee Peterson be elected as a director b. That Nigel Stein be elected as a director c. That Harold Wiens be re-elected as a director


 
10 RESOLUTION 3(a): Election of Director – Renee Peterson PROXY RESULTS: Votes %* For 340,314,092 99.85 Against 205,996 0.06 Open** 320,125 0.09 Abstain 152,775 N/A Excluded 0 N/A * Percentages have been rounded ** ‘Open’ means the proxy could vote on the resolution in their discretion


 
11 RESOLUTION 3(b): Election of Director – Nigel Stein PROXY RESULTS: Votes %* For 296,910,511 87.11 Against 43,615,374 12.80 Open** 313,779 0.09 Abstain 153,323 N/A Excluded 0 N/A * Percentages have been rounded ** ‘Open’ means the proxy could vote on the resolution in their discretion


 
12 RESOLUTION 3(c): Re-election of Director – Harold Wiens PROXY RESULTS: Votes %* For 339,608,942 99.64 Against 908,343 0.27 Open** 325,778 0.09 Abstain 149,923 N/A Excluded 0 N/A * Percentages have been rounded ** ‘Open’ means the proxy could vote on the resolution in their discretion


 
13 RESOLUTION 4: Authority to Fix the External Auditor’s Remuneration • That the Board be authorised to fix the remuneration of the external auditor for the fiscal year ended 31 March 2024


 
14 RESOLUTION 4: Authority to Fix the External Auditor’s Remuneration PROXY RESULTS: Votes %* For 338,971,061 99.45 Against 1,555,367 0.46 Open** 317,377 0.09 Abstain 149,180 N/A Excluded 0 N/A * Percentages have been rounded ** ‘Open’ means the proxy could vote on the resolution in their discretion


 
15 RESOLUTION 5: Grant of Return on Capital Employed Restricted Stock Units • Approve the grant of Return on Capital Employed (ROCE) Restricted Stock Units (RSUs) under the terms of the restated 2006 LTIP to James Hardie’s Director and Chief Executive Officer, Aaron Erter


 
16 RESOLUTION 5: Grant of Return on Capital Employed Restricted Stock Units PROXY RESULTS: Votes %* For 305,408,294 89.59 Against 35,164,299 10.32 Open** 313,849 0.09 Abstain 106,542 N/A Excluded 0 N/A * Percentages have been rounded ** ‘Open’ means the proxy could vote on the resolution in their discretion


 
17 RESOLUTION 6: Grant of Relative Total Shareholder Return RSUs • Approve the grant of Relative Total Shareholder Return (TSR) RSUs to James Hardie’s Director and Chief Executive Officer, Aaron Erter


 
18 RESOLUTION 6: Grant of Relative TSR RSUs PROXY RESULTS: Votes %* For 312,802,357 91.76 Against 27,770,236 8.15 Open** 313,848 0.09 Abstain 106,542 N/A Excluded 0 N/A * Percentages have been rounded ** ‘Open’ means the proxy could vote on the resolution in their discretion


 
19 RESOLUTION 7: Renewal of the James Hardie 2020 Non-Executive Director Equity Plan and Issue of Shares thereunder • Renewal and approval of the James Hardie 2020 Non- Executive Director Equity Plan (Plan) and the issue of shares to non-executive directors under the Plan.


 
20 RESOLUTION 7: Renewal of the James Hardie 2020 Non-Executive Director Equity Plan and Issue of Shares thereunder PROXY RESULTS: Votes %* For 330,304,355 96.89 Against 10,288,060 3.02 Open** 307,012 0.09 Abstain 93,555 N/A Excluded 0 N/A * Percentages have been rounded ** ‘Open’ means the proxy could vote on the resolution in their discretion


 
21 RESOLUTION 8: Renewal of authority for directors to allot and issue James Hardie shares • Approval of the renewal of the Board’s authority to allot and issue shares for an additional period, commencing upon the expiry of the current authority on 7 August 2024 and expiring on 7 August 2029


 
22 RESOLUTION 8: Renewal of authority for directors to allot and issue James Hardie shares PROXY RESULTS: Votes %* For 319,685,107 93.78 Against 20,901,600 6.13 Open** 313,956 0.09 Abstain 92,318 N/A Excluded 0 N/A * Percentages have been rounded ** ‘Open’ means the proxy could vote on the resolution in their discretion


 
23 RESOLUTION 9: Renewal of authority for directors to issue James Hardie shares for cash without first offering shares to existing shareholders • Approval of the renewal of the Board’s authority to issue shares for cash consideration without first offering them to existing shareholders for an additional period, to expire on 7 August 2029


 
24 RESOLUTION 9: Renewal of authority for directors to issue James Hardie shares for cash without first offering shares to existing shareholders PROXY RESULTS: Votes %* For 317,126,294 93.03 Against 23,468,443 6.88 Open** 307,012 0.09 Abstain 91,231 N/A Excluded 0 N/A * Percentages have been rounded ** ‘Open’ means the proxy could vote on the resolution in their discretion


 
25 Page 25 ANNUAL GENERAL MEETING – OTHER ITEMS OF BUSINESS


 
ANNUAL GENERAL MEETING


 
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James Hardie Industries plc 1st Floor, Block A, One Park Place, Upper Hatch Street, Dublin 2, D02 FD79, Ireland T: +353 (0) 1 411 6924 F: +353 (0) 1 479 1128 James Hardie Industries plc is a limited liability company incorporated in Ireland with its registered office at 1st Floor, Block A, One Park Place, Upper Hatch Street, Dublin 2, D02 FD79, Ireland. Directors: Anne Lloyd (Chairperson, USA), Peter-John Davis (Aus), Persio Lisboa (USA), Renee Peterson (USA), Rada Rodriguez (Sweden), Suzanne B. Rowland (USA), Nigel Stein (UK), Harold Wiens (USA). Chief Executive Officer and Director: Aaron Erter (USA) Company number: 485719 ARBN: 097 829 895 4 August 2023 The Manager Company Announcements Office Australian Securities Exchange Limited 20 Bridge Street SYDNEY NSW 2000 Results of 2023 Annual General Meeting Dear Sir/Madam We advise that all resolutions set out in the Notice of the Annual General Meeting dated 10 July 2023, were carried at the Annual General Meeting of James Hardie Industries plc held in Dublin, Ireland on 3 August 2023 (Dublin time). Details of votes cast are set out on the following page. Regards Aoife Rockett Company Secretary This announcement has been authorised for release by the Company Secretary, Ms Aoife Rockett.


 
Results of AGM Resolutions voted on at the meeting If decided by poll Proxies received Resolution Result Voting method If s250U applies Voted for Voted against Abstained For Against Abstain Discretion No Short description Number % Number % Number Number Number Number Number 1 Financial Statements and Reports Passed Poll n/a 337,393,572 99.99 28,280 0.01 3,571,138 337,080,190 28,280 3,571,138 313,382 2 Remuneration Report Passed Poll n/a 301,514,035 88.92 37,570,843 11.08 1,908,111 301,207,013 37,570,843 1,908,111 307,022 3(a) R Peterson election Passed Poll n/a 340,634,217 99.94 205,996 0.06 152,775 340,314,092 205,996 152,775 320,125 3(b) N Stein re-election Passed Poll n/a 297,224,290 87.20 43,615,374 12.80 153,323 296,910,511 43,615,374 153,323 313,779 3(c) H Wiens re-election Passed Poll n/a 339,934,720 99.73 908,343 0.27 149,923 339,608,942 908,343 149,923 325,778 4 Fix external auditor remuneration Passed Poll n/a 339,288,438 99.54 1,555,367 0.46 149,180 338,971,061 1,555,367 149,180 317,377 5 Grant ROCE RSUs to A Erter Passed Poll n/a 305,722,143 89.68 35,164,299 10.32 106,542 305,408,294 35,164,299 106,542 313,849 6 Grant Relative TSR RSUs to A Erter Passed Poll n/a 313,116,205 91.85 27,770,236 8.15 106,542 312,802,357 27,770,236 106,542 313,848 7 Renewal of the James Hardie 2020 Non-Executive Director Equity Plan and issue of shares thereunder Passed Poll n/a 330,611,367 96.98 10,288,060 3.02 93,555 330,304,355 10,288,060 93,555 307,012 8 Renewal of authority for directors to allot and issue James Hardie shares Passed Poll n/a 319,999,063 93.87 20,901,600 6.13 92,318 319,685,107 20,901,600 92,318 313,956 9 Renewal of authority for directors to issue shares for cash without first offering shares to existing shareholders Passed Poll n/a 317,433,306 93.12 23,468,443 6.88 91,231 317,126,294 23,468,443 91,231 307,012