James Hardie Industries Plc. · NYSE:JHX
James Hardie Industries — Investor Day (September 2026)
106 slides from James Hardie Industries's investor day presentation, Sep 16, 2026
Slide 1: Press Release: James Hardie Hosts 2026 Investor Day
Press Release September 15, 2026 James Hardie Hosts 2026 Investor Day, Outlines Path to For personal use only Long-term Value Creation Targets annual organic growth of 4% to 7% above market – with compounding earnings Expects to achieve $125 million in cost synergies one year ahead of schedule, $500
Slide 2: Press Release: Webcast Details and About James Hardie
Press Release September 15, 2026 target approximately one year ahead of schedule. Our improving Free Cash Flow allows us to de-lever while enhancing capital allocation optionality.” For personal use only Webcast Details: A link to the live webcast and presentation materials of James Hardie’s 2026 In
Slide 3: Investor and Media Contact
Press Release September 15, 2026 Investor and Media Contact For personal use only Investors: Bill Seymour V.P. Investor Relations E: investors@jameshardie.com Press Release: James Hardie 2026 Investor Day 3
Slide 4: Built to Outperform, Resilient by Design
rsonal use only BUILT TO OUTPERFORM, RESILIENT BY DESIGN S E PT E M B E R 1 5 | NY C
Slide 5: Welcome and Opening Remarks
rsonal use only Welcome and Opening Remarks Bill Seymour VP, Investor Relations INVESTOR DAY 2026 2
Slide 6: Cautionary Note and Use of Non-GAAP Measures
Cautionary Note and Use of Non-GAAP Measures This presentation contains forward looking statements, including 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
Slide 7: Today's Agenda
Today’s Agenda 8:30 AM Welcome and Opening Remarks Bill Seymour VP, Investor Relations Built to Outperform, Resilient by Design Aaron Erter Chief Executive Officer rsonal use only Jon Skelly North America Conversion Opportunity President & GM, NA Building Products Group Driving Conversion and Commer
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Slide 9: Built to Outperform, Resilient by Design
rsonal use only Built to Outperform, Resilient by Design Aaron Erter Chief Executive Officer INVESTOR DAY 2026 6
Slide 10: Investment Thesis: Built to Outperform, Resilient by Design
Investment Thesis: Built to Outperform, Resilient by Design 1 2 3 4 5 rsonal use only Delivering Growth Enduring Compelling Enhanced Delivering Consistent Above Market – Not Competitive Growth Algorithm with Free Cash Flow – Execution to Build Cycle Dependent Advantages Compounding Earnings with Del
Slide 11: Today's Presenters: Best of Both
Today’s Presenters: Best of Both rsonal use only Aaron Erter Jon Skelly John Madson Sam Toole Ryan Kilcullen Ryan Lada Chief Executive President & GM, Chief Sales Chief Marketing Chief Operating Chief Financial Officer NA Building Products Officer Officer Officer Officer Joined: 2022 Group 2004 2021
Slide 12: James Hardie Snapshot
James Hardie Snapshot Key Statistics Purpose Values Building a Better Future for All • Starts and Ends with rsonal use only the Customer Ticker (NYSE & ASX) JHX Vision • Honor Our Commitments To Inspire How Communities Design, Build and Grow Today and Tomorrow • Do the Right Thing North America HQ C
Slide 13: North America Operations Overview
North America Operations Overview Siding & Deck, Rail & rsonal use only Trim Accessories 2 $3.1B $1.1B PF FY26 PF FY26 Net Sales 2 Net Sales $981M $331M PF FY26 PF FY26 Adj. EBITDA Adj. EBITDA 32.1% 29.7% PF FY26 Adj. Location Type PF FY26 Adj. EBITDA Margin Regional HQ (3) Recycling (5) EBITDA Marg
Slide 14: International Operations Overview
International Operations Overview Australia & New Zealand (ANZ) Europe rsonal use only Transforming into a leading building products business Divesting Operations FY26 Net Sales $521M Sale Price: ~$980M2 Adj. EBITDA $178M EBITDA Multiple: ~12x3 Adj. EBITDA Margin 34.1% Accretive to Adj. EBITDA Margi
Slide 15: James Hardie + AZEK: Significant Progress Months Post Close
James Hardie + AZEK: Significant Progress 14 Months Post Close FINANCIAL COMMERCIAL OPERATIONAL rsonal use only $500M 1 commercial synergies – on track with significant Unified 500+ person salesforce HOS4 implemented across AZEK momentum $125M 1 cost synergies – ahead CBUSA (preferred, full portfoli
Slide 16: Substantial Material Conversion Runway; Long-term Structural Tailwinds
Substantial Material Conversion Runway; Long-term Structural Tailwinds Remaining Conversion rsonal use only TAM1,3 Opportunity by Volume ~$27B Siding $12B ~74% TAM1 Other Exteriors (including Trim) $4B ~74% Decking $6B ~73% Railing $4B ~68% Pergolas / Structures $1B ~85% ~$23B Growth Supported by Lo
Slide 17: Complete Portfolio of Exterior Building Products
Complete Portfolio of Exterior Building Products rsonal use only Hardie Siding TimberTech AZEK The Home of Resilient Beauty Railing Trim TimberTech Decking StruXure Pergola James Hardie – The Home of Resilient Beauty INVESTOR DAY 2026 14
Slide 18: Iconic Brands in Building Products
Iconic Brands in Building Products Trim / Other Pergolas / Siding Decking Exteriors Structures Railing Recycling rsonal use only #1 Hard Siding #1 PVC Decking #1 Fiber Cement Trim #1 Aluminum Pergolas #1 PVC Railing #1 Vertically Integrated Recycler of Brand Composite Exterior Aluminum #1 Awareness
Slide 19: Unmatched Distribution Breadth across the U.S.
Unmatched Distribution Breadth across the U.S. NATIONAL SCALE BEST-IN-CLASS LOCAL MARKET DEPTH + DECKING EXPANSION REGIONAL + FC2 EXPANSION rsonal use only PARTNERS • Extend national footprint with • National platform to scale full-line added density in priority markets 2-step distribution • Deepen
Slide 20: Enduring Competitive Advantages
Enduring Competitive Advantages Deep Scaled, Relationships Differentiated rsonal use only Leading, Resilient Localized Hardie Operating across Value Commercial Trusted Brands Product Portfolio Manufacturing System (HOS) Chain Strategy #1 Hard Siding Fire-rated, $8B Continuous 1,000+ One-step 500+ Pe
Slide 21: Strategic Priorities to Drive Long-term Profitable Growth
Strategic Priorities to Drive Long-term Profitable Growth rsonal use only Accelerate Drive Advance Extend Enhance Material Channel Product Brand Homeowner & Conversion Expansion Innovation Leadership Pro Journey Converting inferior Leveraging Developing and Establishing James Providing a best-in- ma
Slide 22: James Hardie North America Growth Algorithm
James Hardie North America Growth Algorithm Targeting Annual Organic Growth of 4% to 7% Additional Upside Potential Above Market rsonal use only Market Improvement Bolt-on M&A Net Price Growth Initiatives and Revenue Synergies Material Conversion 35%+ Target Adj. EBITDA Flowthrough Note: James Hardi
Slide 23: Investment Thesis: Built to Outperform, Resilient by Design
Investment Thesis: Built to Outperform, Resilient by Design 1 Delivering Growth Above Market – Not Cycle Dependent rsonal use only 2 Enduring Competitive Advantages 3 Compelling Growth Algorithm with Compounding Earnings 4 Enhanced Free Cash Flow – with Deleveraging 5 Delivering Consistent Execution
Slide 24: North America Conversion Opportunity
North America rsonal use only Conversion Opportunity Jon Skelly President and GM, North America Building Products Group INVESTOR DAY 2026 21
Slide 25: Key Messages
Key Messages rsonal use only Capturing significant growth through large North American 1 material conversion opportunity Executing our differentiated five-pillar strategy to drive 2 share gains Deploying innovative products, scaled commercial capabilities 3 and strong brands to win across channels a
Slide 26: Setting the Stage: Large and Growing TAM ($27B) in North America
Setting the Stage: Large and Growing TAM ($27B) in North America Pergolas / rsonal use only Siding Other Exteriors Decking Railing Structures Fiber Cement Cellular Aluminum Metal Fiber Cement 11% PVC 4% 14% Plastic 3% Composite 12% 26% Vinyl Wood 22% Hollow Vinyl 27% Cellular PVC 11% 16% 31% Composi
Slide 27: Strategic Priorities to Drive Long-term Profitable Growth
Strategic Priorities to Drive Long-term Profitable Growth rsonal use only Accelerate Drive Advance Extend Enhance Material Channel Product Brand Homeowner & Conversion Expansion Innovation Leadership Pro Journey Converting inferior Leveraging Developing and Establishing James Providing a best-in- ma
Slide 28: Accelerating Material Conversion Opportunity
Accelerating Material Conversion Opportunity Capitalizing on …and Capturing Significant rsonal use only Structural Trends… …by Driving Downstream Conversion… Growth Opportunities • Differentiated sales organization Fiber Cement1 Durability • Cross-selling to increase penetration 92% ofremains Northe
Slide 29: Driving Channel Expansion
Driving Channel Expansion rsonal use only 18 32 Best-in-Class NA Facilities Distributors HARDIE ADVANTAGES EXPANSION PLAYBOOK with 110 Branches • Gaining share in big-box ✓ Best of the Best Distributors • Full-portfolio stocking at dealers Millions • Increasing channel presence to of Homeowners ~3.8
Slide 30: Product Innovation Driving Differentiation
Product Innovation Driving Differentiation 872 Fiber Good Better Best Premium Cement rsonal use only Active Global Patents and Core Broader Expanded Distinctive Siding Textures Trade Secrets & Color Color & & Design Looks Profiles & Finishes Options Options 36 • Cemplank ® Siding • ColorPlus® Statem
Slide 31: Extending Brand Leadership
Extending Brand Leadership LEADING PRO BRAND ESTABLISHED LEADER LEADING PRO BRAND rsonal use only SIDING CATEGORY #1 Unaided Awareness #1 Top-of-mind 76% Total Familiarity +71% YoY Brand Search Volume growth (FY26 vs. FY25) 32%: Highest in Category 23%: 10 pts Above Peers Among U.S. Homeowners Top-o
Slide 32: Driving Growth through Homeowner and Pro Engagement
Driving Growth through Homeowner and Pro Engagement Unlocking Growth Across the Portfolio rsonal use only Empower Homeowner Journey Expands exterior project participation • Simplify inspiration to completion Increases cross-portfolio attachment • Build renovation confidence Accelerates material conv
Slide 33: Executing Regional-Specific Strategies
Executing Regional-Specific Strategies to Accelerate Share Gains and Material Conversion Opportunity rsonal use only Competitive Focus Canada West Canada Outdoor Living and EW1, Vinyl Wood Substitution Midwest Northeast EW1, Vinyl Vinyl, PT2 Wood Midwest Northeast West South Central Southeast Wood S
Slide 34: Key Takeaways
Key Takeaways rsonal use only 1 Capturing significant growth through large North American material conversion opportunity 2 Executing our differentiated five-pillar strategy to drive share gains 3 Deploying innovative products, scaled commercial capabilities and strong brands to win across channels
Slide 35: Driving Conversion and Revenue Synergies
rsonal use only Driving Conversion and Revenue Synergies John Madson Chief Sales Officer INVESTOR DAY 2026 32
Slide 36: Key Messages
Key Messages rsonal use only Building an integrated sales organization focused on 1 commercial excellence Deploying regional playbooks across salesforce 2 to accelerate material conversion Activating specialized sales teams to win new business 3 and drive shelf space gains Leveraging our portfolio t
Slide 37: Sales Organization Purpose-Built for Growth
Sales Organization Purpose-Built for Growth 500+ rsonal use only Salesforce Organizational Structure of Our Regions One Point of Contact per Market Director Customer Dedicated Account Management Channel Managers S&T Specialist DR&A Specialist Technical Sales Teams One Expands Dealer Drives Material
Slide 38: Winning Locally through Regional Opportunity Areas
Winning Locally through Regional Opportunity Areas rsonal use only South West Northeast Midwest Central Southeast Canada TAM $6B $4B $4B $2B $6B $4B Canada • Outdoor • Vinyl • Outdoor • Engineered • Wood Living • Engineered Key Focus Living • Pressure Wood Substitution Wood Areas • Wood Treated • St
Slide 39: ~$1.3B Siding & Decking Opportunity: Western Fire Codes
~$1.3B Siding & Decking Opportunity Western Fire Codes Why James Hardie Wins ✓Fire Codes: Increasingly favor James rsonal use only Siding Opportunity Decking Opportunity Hardie products2 ✓Simplicity: Hardie fire-rated; most ~$620 MILLION ~$650 MILLION competitors need modifications Conversion by Sub
Slide 40: ~$1.4B Siding & Decking Opportunity: Flood, Hurricane and Wind Risk
~$1.4B Siding & Decking Opportunity Flood, Hurricane and Wind Risk Why James Hardie Wins ✓Flood: Siding is FEMA Class 5 rated; rsonal use only Siding Opportunity Decking Opportunity Decking and PVC Trim are moisture resistant ~$700 MILLION ~$690 MILLION ✓Wind: Siding rated for Category 5 hurricane w
Slide 41: Unmatched Distribution Network Amplifies Our Reach
Unmatched Distribution Network Amplifies Our Reach Distribution Network and Contractor Reach Brand, Marketing and Consumer Demand 500+ Salesforce rsonal use only One-step Single Family Builder Two-step Distributors Distributor / Retailer / R&R Contractor Homeowner Access to ~85,000 ~750 Salesforce ~
Slide 42: Two-Step Distribution Synergy: Aligning with Boise Cascade
Two-Step Distribution Synergy: Aligning with Boise Cascade to Accelerate Share Gains rsonal use only Challenge Our Solution Outcomes • JHX: Fragmented distribution • One exclusive national One national partner (~4 distributors/market) partner, plus six regional incented to grow our • JHX: Decking &
Slide 43: Customer Testimonial Video: Boise Cascade
Customer Testimonial Video: Boise Cascade rsonal use only INVESTOR DAY 2026 40
Slide 44: One-Step Distribution Synergy: Scaling National Partnership to ~$1B
One-Step Distribution Synergy: Scaling National Partnership to ~$1B rsonal use only Challenge Our Solution Outcomes • ABC Supply growing in a Integrated Hardie Siding + AZEK offering mature market built for ABC Supply Scales AZEK Trim through ABC channels • Hardie + AZEK Trim in only • Consolidate f
Slide 45: ~$1B Midwest & Northeast Siding R&R Opportunity
~$1B Midwest & Northeast Siding R&R Opportunity Three Levers to Capture ColorPlus® Technology Finishes Hardie ProLab Hardie Trim-Over Method rsonal use only Popular SKUs strategically ...where mobile training units teach ...converting demand into stocked to keep the right product contractors economi
Slide 46: New Construction Builder Synergy: Trim-Over Drives D.R. Horton Conversion
New Construction Builder Synergy: Trim-Over Drives D.R. Horton Conversion in Omaha rsonal use only Challenge Our Solution Outcomes • Closing cost gap vs. vinyl Hardie Trim-Over closes the cost gap Install time down ~30% • D.R. Horton built ~500 single- • Simpler install – lower time and cost family
Slide 47: Contractor Synergy: Cross-Selling Decking Into Siding Relationship
Contractor Synergy: Cross-Selling Decking Into Siding Relationship rsonal use only Challenge Our Solution Outcomes • RPS1 sold Hardie Siding but Hardie Siding plus TimberTech Decking Siding supplier – not Decking and Railing and Railing: one resilient exterior solution full exterior partner • Custom
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Slide 49: Key Takeaways
Key Takeaways rsonal use only 1 Building an integrated sales organization focused on commercial excellence 2 Deploying regional playbooks across salesforce to accelerate material conversion 3 Activating specialized sales teams to win new business and drive shelf space gains 4 Leveraging our portfoli
Slide 50: Accelerating Brand Leadership
rsonal use only Accelerating Brand Leadership Sam Toole Chief Marketing Officer INVESTOR DAY 2026 47
Slide 51: Key Messages
Key Messages rsonal use only Our brand 1 is a significant competitive advantage Driving demand creation through 2 unified brand architecture Accelerating material conversion through 3 localized marketing and digital experiences Maintaining #1 status with pros 4 by driving preference and loyalty INVE
Slide 52: Building In-House Capabilities through New Marketing Model
Building In-House Capabilities through New Marketing Model BENEFITS rsonal use only Creative: In-House Studio Faster execution End-to-end program improves consistency and speed Digital Media Buying: In-House Greater accountability Centralized planning and buying enhances ROI and performance Scalable
Slide 53: Unified Brand for the Whole Home Exterior
Unified Brand for the Whole Home Exterior rsonal use only Hardie Siding Siding | Trim | Soffit | Backer Siding | Trim | Moulding Decking | Railing | Lighting | Framing Pergolas | Cabanas AZEK Trim TimberTech Decking and StruXure Railing Pergola Expanding Demand across Exterior and Creating a Meaning
Slide 54: Homeowner Demand Drives Conversion
Homeowner Demand Drives Conversion… rsonal use only CREATE OPPORTUNITY HOMEOWNER NEEDS FOR JAMES HARDIE • Climate-resilient ✓ Convert aging wood and products vinyl • Long-term value and ✓ Participate in more curb appeal exteriors decisions • Outdoor Living ✓ Expand demand across investments the whol
Slide 55: Localized Marketing Strategy Drives that Conversion
… And Localized Marketing Strategy Drives that Conversion rsonal use only TAILORED TO DELIVERING IMPACT LOCAL MARKETS ✓ Stronger homeowner • Northeast: vinyl engagement conversion & premium ✓ Better contractor • West: fire resistance matching • Market specific ✓ More efficient messaging conversion L
Slide 56: Owning the Pro Drives Preference, Loyalty and Share
Owning the Pro Drives Preference, Loyalty and Share Why Owning the Pro Matters Why We Win rsonal use only • Pros influence specification Higher-quality leads • Pros drive business conversion Improved homeowner-pro match • Pros deliver repeat business Find-a-contractor program Build Capability Drive
Slide 57: Digital Connects Homeowners and Pros into One Growth Engine
Digital Connects Homeowners and Pros into One Growth Engine Deliver a consistent Project rsonal use only Material Contractor Need Research Selection Selection Complete Recommend digital experience Build on mutually reinforcing journeys Homeowner Journey Increase engagement DIGITAL EXPERIENCE and con
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Slide 59: Key Takeaways
Key Takeaways rsonal use only 1 Our brand is a significant competitive advantage 2 Driving demand creation through unified brand architecture 3 Accelerating material conversion through localized marketing and digital experiences 4 Maintaining #1 status with pros by driving preference and loyalty INV
Slide 60: Q&A Session
rsonal use only Q&A Session Above Presenters INVESTOR DAY 2026 57
Slide 61: Break
rsonal use only Break ~15 Minutes INVESTOR DAY 2026 58
Slide 62: Operations Powering Growth and Margin Expansion
Operations Powering rsonal use only Growth and Margin Expansion Ryan Kilcullen Chief Operations Officer INVESTOR DAY 2026 59
Slide 63: Key Messages
Key Messages rsonal use only 1 Local supply chain is a durable competitive advantage Differentiated IP and manufacturing expertise drive market 2 leadership 3 Hardie Operating System is a proven value-creation engine with significant runway Existing capacity supports growth; Advanced Manufacturing 4
Slide 64: Safe Operating Environment is Core to Our Culture
Safe Operating Environment is Core to Our Culture Zero Harm Integration Focus Areas rsonal use only • Single, integrated EHS&S1 organization • World-class standards applied across network • Leadership commitment to a safety-first culture 2025 DART2 2.7x Lower DART RESULT 2.3 Consistent, above-market
Slide 65: North America Manufacturing Footprint
North America Manufacturing Footprint Key Highlights rsonal use only 2 26 Manufacturing 2 Sites 4,500 Operations Employees Location Type $8B Cost to Replace Assets Regional HQ (3) Recycling (5) R&D (2) Siding & Trim Manufacturing (12) with New Plants1 Claims (1) DR&A Manufacturing (9) DR& A = Deck,
Slide 66: Operations Competitive Advantages
Operations Competitive Advantages rsonal use only Localized and Proprietary Hardie Scaled Supply Manufacturing Operating Chain Technology System (HOS) INVESTOR DAY 2026 63
Slide 67: Localized, Flexible Manufacturing Network
Localized, Flexible Manufacturing Network Localized and Scaled Lowers Delivered Cost and Raises the Barrier to Entry Supply Chain U.S. Fiber Cement Responsive and Resilient Fiber Cement Network rsonal use only Manufacturing Footprint3 • ~90% of manufacturing locations within 1-day haul of customers1
Slide 68: Proprietary Fiber Cement Manufacturing Technology
Proprietary Fiber Cement Manufacturing Technology Proprietary Manufacturing Technology Complete IP Ownership of Proprietary, High Throughput and High Product-capability Technology rsonal use only Deep Fiber Cement Scaled Advantage on Unique Product Capability Expertise Fiber Cement Manufacturing1 an
Slide 69: Proprietary Decking Manufacturing Technology
Proprietary Decking Manufacturing Technology Proprietary Manufacturing Technology Modular Manufacturing Technology Differentiated Recycling Capabilities Producing Advanced Product Attributes Drive Cost Stability and Value Creation rsonal use only • Looks and feels like high-end hardwood Largest inte
Slide 70: Hardie Operating System Drives Continuous Improvement
Hardie Operating System Drives Continuous Improvement Hardie Operating System (HOS) HOS Enterprise-wide HOS is a Proven Lever to Offset Inflation rsonal use only Productivity Driver FC Sheet Machine OEE1 Lean Manufacturing Proven Ability to Drive Manufacturing Lean Manufacturing Efficiency; Large Re
Slide 71: Cost Synergy: Integrating HOS into AZEK
Cost Synergy: Integrating HOS into AZEK Implementation Areas rsonal use only TARGET Lean Manufacturing Implementation Deploying HOS into AZEK plants to improve Leverage HOS into OEE1, reliability and productivity AZEK to Drive Centralized Procurement >$50M Leveraging Hardie capabilities to generate
Slide 72: Existing Capacity Available to Support Growth
Existing Capacity Available to Support Growth rsonal use only Existing Capacity Recent Capacity Additions 1 ~70% ~65% ~60% Fiber Cement Decking PVC Trim Prattville, AL (FC) Boise, ID (Decking) Capacity Capacity Capacity Utilization Utilization Utilization Existing Capacity Supports Growth without Ne
Slide 73: Hardie Advanced Manufacturing Yields ~$1B CapEx Deferral Potential
Hardie Advanced Manufacturing Yields ~$1B CapEx Deferral Potential rsonal use only Challenge Solution Outcome • Increase Fiber Cement sheet Deployed Advanced ~$1B of Capacity CapEx machine line speeds Manufacturing program Deferral Potential • Improve efficiency and • Created multi-year roadmap Incr
Slide 74: Key Takeaways
Key Takeaways rsonal use only 1 Local supply chain is a durable competitive advantage 2 Differentiated IP and manufacturing expertise drive market leadership 3 Hardie Operating System is a proven value-creation engine with significant runway 4 Existing capacity supports growth; Advanced Manufacturin
Slide 75: Financial Overview and Value Creation
rsonal use only Financial Overview and Value Creation Ryan Lada Chief Financial Officer INVESTOR DAY 2026 72
Slide 76: Key Messages
Key Messages rsonal use only 1 Ready to capitalize on housing upside potential Delivering commercial and cost synergies from AZEK acquisition 2 Strong free cash flow to de-lever and provide capital allocation 3 optionality 4 Growth algorithm highlights sustained market outperformance 5 Compounder mo
Slide 77: Housing Macro Provides Upside Potential
Housing Macro Provides Upside Potential James Hardie Wins Both Ways: Positioned to Win through the Cycle rsonal use only New Construction Housing Stock R&R Decades of underbuilding… …has aged existing housing stock …enabling R&R while elevated mortgage rates for future growth before new Starts 1 (M
Slide 78: Commercial Synergies – On Track
Commercial Synergies – On Track Commercial Synergy Roadmap Activated Pipeline rsonal use only • Boise Cascade adding Decking • Expand coverage with one-step dealers, independent lumberyards and retail • Regional distribution adding Siding • Sell DR&A to new construction and multi-family • Lansing ad
Slide 79: Cost Synergies – Ahead of Schedule
Cost Synergies – Ahead of Schedule Cost Synergy Roadmap Actions Completed Pipeline rsonal use only • Eliminated overlapping roles • HOS expansion in Decking + PVC Trim plants • Commercial integration • Procurement – scale-driven input cost reduction • Marketing insourcing • Systems consolidation as
Slide 80: CapEx and Free Cash Flow Generation
CapEx and Free Cash Flow Generation CapEx (% of Sales) FCF ($M) and FCF Conversion (%) rsonal use only CapEx Lower After Substantial Capacity Growth and Lower CapEx Drive Investment Strong FCF and FCF Conversion 30 0. 0 % 10.0% $589 $600M+ $207 25 0. 0 % Deal & 7.8% Integration 6% - 8% $425 Costs 20
Slide 81: Strategic Divestiture of European Operations
Strategic Divestiture of European Operations Enables us to Focus on Our Highest Growth and Return Opportunities rsonal use only DEAL FACTS FINANCIAL IMPACT (POST CLOSE) • Full exit of European operations • Adj. EBITDA Margin Accretive: ~150 bps2 • Sale Price: ~$980M1 • Anticipated use of proceeds: •
Slide 82: Capital Allocation Priorities
Capital Allocation Priorities Invest in Organic Growth: Support growth levers including rsonal use only 1 sales initiatives, innovation and channel expansion Strong FCF Drives 2 Deleverage: Targeting Net Leverage <2.0x by Q2 FY28 Deleveraging and Capital Returns 3 Shareholder Returns: Opportunistic
Slide 83: Reaffirming Guidance (ex. Europe), Increasing FY27 Free Cash Flow
Reaffirming Guidance (ex. Europe) Increasing FY27 Free Cash Flow ($M) Q2 FY27 FY27 rsonal use only Consolidated (ex. Europe) Total Net Sales $1,343 - $1,433 $4,990 - $5,133 Total Adjusted EBITDA $399 - $435 $1,446 - $1,534 Free Cash Flow – $600+ Siding & Trim Net Sales $835 - $875 $3,226 - $3,314 Ad
Slide 84: James Hardie North America Growth Algorithm
James Hardie North America Growth Algorithm Targeting Annual Organic Growth of 4% to 7% Additional Upside Potential Above Market rsonal use only Market Improvement Bolt-on M&A Net Price Growth Initiatives and Revenue Synergies Material Conversion 35%+ Target Adj. EBITDA Flowthrough Note: James Hardi
Slide 85: Sensitivity Analysis (ex. Europe)
Sensitivity Analysis (ex. Europe) Resilient financial performance in a range of scenarios rsonal use only FY27E Assumptions (ex. Europe) Scenarios • Adj. EBITDA Flowthrough: ~35%+ Market -1.5% +0.5% +2.5% • Adj. EBITDA FCF Conversion: 40%+ Outperformance ~+5.5% ~+5.5% ~+5.5% • Effective tax rate: ~2
Slide 86: James Hardie U.S. Index Inclusion
James Hardie U.S. Index Inclusion rsonal use only Milestones U.S. Index Ownership1 Potential U.S. Index Inclusion 2 Became U.S. domestic MSCI Small Cap Index filer in April 2026 23% S&P Completion Index Filed 10-K in May 2026 S&P 400 Midcap Index 2% Other Indexes S&P 500 JHX 1 S&P G lobal In c. data
Slide 87: Strong Margins Underscore Multiple Expansion Opportunity
Strong Margins Underscore Multiple Expansion Opportunity Valuation vs. Profitability 16.0x Best-in-Class & Industrials Peers1 rsonal use only 15.0x EV/Adj. EBITDA (NTM) 14.0x 13.0x 12.0x ex. Europe 11.0x 21% 22% 23% 24% 25% 26% 27% 28% 29% 30% Adj. EBITDA Margin (3-Year Average) Note: All peer compa
Slide 88: Key Takeaways
Key Takeaways 1 Ready to capitalize on housing upside potential rsonal use only 2 Delivering commercial and cost synergies from AZEK acquisition 3 Strong free cash flow to de-lever and provide capital allocation optionality 4 Growth algorithm highlights sustained market outperformance 5 Compounder m
Slide 89: Closing Remarks
rsonal use only Closing Remarks Aaron Erter Chief Executive Officer INVESTOR DAY 2026 86
Slide 90: Why Invest in James Hardie
Why Invest in James Hardie Investment Thesis James Hardie NA Growth Algorithm Targeting Annual Organic Growth of 4% to 7% Additional Upside Potential Delivering Growth Above Market 1 Above Market rsonal use only – Not Cycle Dependent 2 Enduring Competitive Advantages Compelling Growth Algorithm with
Slide 91: Q&A Session
rsonal use only Q&A Session All Presenters INVESTOR DAY 2026 88
Slide 92: Appendix: Supplemental Information and Reconciliation Tables
rsonal use only Appendix Supplemental Information and Reconciliation Tables INVESTOR DAY 2026 89
Slide 93: Limited Near-term Debt Maturities
Limited Near-term Debt Maturities rsonal use only Maturity Rate Amount Outstanding1 Unsecured Debt Senior notes 2028 5.000% $400 Secured Debt Senior notes 2031 5.875% $700 Senior notes 2032 6.125% $1,000 Revolving facility 2030 Variable - Term A-1 Facility 2028 Variable $750 Term A-1 Facility 2030 V
Slide 94: Non-GAAP Financial Measures: Pro Forma Adjusted EBITDA
Non-GAAP Financial Measures Pro Forma Adjusted EBITDA, Pro Forma Adjusted EBITDA margin and Pro Forma net sales Fiscal Year Ended Fiscal Year Ended rsonal use only (Millions of U.S. dollars) March 31, 2026 March 31, 2025 March 31, 2026 March 31, 2025 Net income $104.0 $424.0 Net income margin 2.2% 1
Slide 95: Non-GAAP Financial Measures: Siding & Trim Segment
Non-GAAP Financial Measures Siding & Trim Segment Pro Forma Adjusted EBITDA, Pro Forma Adjusted EBITDA margin and Pro Forma net sales Fiscal Year Ended Fiscal Year Ended rsonal use only (Millions of U.S. dollars) March 31, 2026 March 31, 2026 Siding & Trim Segment operating income $661.9 Siding & Tr
Slide 96: Non-GAAP Financial Measures: Deck, Rail & Accessories Segment
Non-GAAP Financial Measures Deck, Rail & Accessories Segment Pro Forma Adjusted EBITDA, Pro Forma Adjusted EBITDA margin and Pro Forma net sales Fiscal Year Ended Fiscal Year Ended rsonal use only (Millions of U.S. dollars) March 31, 2026 March 31, 2026 Deck, Rail & Accessories Segment operating los
Slide 97: Non-GAAP Financial Measures: Australia & New Zealand Segment
Non-GAAP Financial Measures Australia & New Zealand Segment Adjusted EBITDA and Adjusted EBITDA margin Fiscal Year Ended rsonal use only (Millions of U.S. dollars) March 31, 2026 Australia & New Zealand Segment operating income $153.9 Restructuring expenses 1.4 Depreciation and amortization 22.4 Aus
Slide 98: Non-GAAP Financial Measures: Pro Forma Capital Expenditures
Non-GAAP Financial Measures Pro Forma capital expenditures Fiscal Year Ended rsonal use only (Millions of U.S. dollars) March 31, 2026 March 31, 2025 Purchases of property, plant and equipment $383.9 $422.2 AZEK purchases of property, plant and equipment 24.4 108.3 Total Pro Forma capital expenditur
Slide 99: Non-GAAP Financial Measures: Pro Forma Free Cash Flow
Non-GAAP Financial Measures Pro Forma Free Cash Flow Fiscal Year Ended rsonal use only (Millions of U.S. dollars) March 31, 2026 March 31, 2025 Net cash provided by operating activities $589.8 $802.8 Purchases of property, plant and equipment (383.9) (422.2) Proceeds from sale of property, plant and
Slide 100: Appendix: Speaker Biographies
rsonal use only Appendix Speaker Biographies INVESTOR DAY 2026 97
Slide 101: Speaker Biography: Aaron Erter
Speaker Biography rsonal use only Aaron Erter Chief Executive Office r Aaron Erter was appointed as Chief Executive Officer (“CEO”) in September 2022. Mr. Erter brings over 25 years of experience in the consumer and industrial sectors, with extensive expertise in strategy development, marketing, sal
Slide 102: Speaker Biography: Jon Skelly
Speaker Biography Jon Skelly rsonal use only Presi dent and GM, North America Buil ding Products Group Jonathan Skelly has 25 years of general management, sales, customer service, strategy, mergers and acquisitions and business development experience. Most recently, Mr. Skelly served as President –
Slide 103: Speaker Biography: John Madson
Speaker Biography rsonal use only John Madson Chief Sales Officer John Madson was appointed Chief Sales Officer in December 2025. Mr. Madson brings over two decades of experience in sales management, with a distinguished 20-year tenure at James Hardie. He oversees global sales strategy, partnership
Slide 104: Speaker Biography: Sam Toole
Speaker Biography rsonal use only Sam Toole Chief Marketing Officer Samara (Sam) Toole joins James Hardie as Chief Marketing Officer and previously served as AZEK’s Senior Vice President and Chief Marketing Officer since 2021. Before joining AZEK, Ms. Toole had over 20 years of experience driving gr
Slide 105: Speaker Biography: Ryan Kilcullen
Speaker Biography rsonal use only Ryan Kilcullen Chief Operation s Officer Ryan Kilcullen is Executive Vice President of James Hardie’s Global Operations, a position he’s held since January 2022. Mr. Kilcullen joined the company in 2007 as a PcI/PdI Engineer. Since then, Mr. Kilcullen has worked for
Slide 106: Speaker Biography: Ryan Lada
Speaker Biography rsonal use only Ryan Lada Chief Financial Office r Ryan Lada was appointed Chief Financial Officer in November 2025. Mr. Lada brings nearly two decades of experience driving growth, operational discipline and value creation for global manufacturing, medical and industrial tech comp
James Hardie Industries — Investor Day (September 2026) on 6ix