James Hardie Industries Plc. · NYSE:JHX
James Hardie Industries — Q2 2026 Earnings Presentation
21 slides from James Hardie Industries's earnings presentation, Nov 18, 2025
Slide 1: Second Quarter FY26 Earnings Presentation
Second Quarter FY26 For personal use only Earnings Presentation Tuesday, November 18th Q 2 F Y2 6 E A RNI NG S P RE S E NTAT IO N 1
Slide 2: Cautionary Note and Use of Non-GAAP Measures
Cautionary Note and Use of Non-GAAP Measures This Earnings 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 re
Slide 3: Agenda
Agenda For personal use only 1 Q2 Business Performance 2 James Hardie Strategic Update 3 AZEK Integration & Synergy Progress 4 Financial Results & Guidance Aaron Erter CHIEF EXECUTIVE OFFICER 5 Q&A Q 2 F Y2 6 E A RNI NG S P RE S E NTAT IO N 3
Slide 4: James Hardie At A Glance
James Hardie At A Glance For personal use only $5.3B +11%5-YEAR FY25 NORTH AMERICA REVENUE REVENUE CAGR $1.4B 27.2% James Hardie is a leading provider of FY25 ADJ. EBITDA FY25 ADJ. EBITDA MARGIN exterior home and outdoor living solutions Total Net Sales NA Net Sales NA Net Sales by Geography ANZ by
Slide 5: Organic Strategy Update
Organic Strategy Update Increasing Siding TAM Through Leveraging ColorPlus® TimberTech® Improved Installation Cost to Drive R&R Growth Organic Growth Strategy For personal use only Statement Essentials Contractor Conversion Material Conversion The simplest ColorPlus® offering for a contractor Co
Slide 6: Solid Progress on Integration and Cost Synergies
Solid Progress on Integration and Cost Synergies Integration Update On-Track to Achieve $125mm of Cost Synergies For personal use only Commercial & R&D General & Our Key Integration Pillars are Unchanged with an Administrative Unwavering Focus on Our People & Customers $125mm Aligned Key Busines
Slide 7: Early Wins Highlight Commercial Synergy Opportunity
Early Wins Highlight Commercial Synergy Opportunity Focused Across The Entire Value Chain Contractor Cross-Sell Wins For personal use only Wins At Each Step of the Value Chain Validate Our Confidence in Achieving Over $500mm of Commercial Synergies Partnering to Scale on James Hardie CONTRACTORS Sid
Slide 8: Q2 FY26 Financial Results
Q2 FY26 Financial Results Net Sales $1,292mm +34% For personal use only Adjusted EBITDA $330mm +25% Adjusted EBITDA Margin 25.5% (190bps) Adjusted Diluted EPS $0.26 (27%) YTD Free Cash Flow $58mm (58%) Results Reflect Strong Contributions From The AZEK Acquisition Offsetting Market Softness in North
Slide 9: Organic Business Results
Organic Business Results For personal use only Net Sales $947mm (1%) Adjusted EBITDA $241mm (8%) Adjusted EBITDA Margin 25.4% (200bps) Net Sales $345mm +5% Adjusted EBITDA $89mm +10% Adjusted EBITDA Margin 25.7% +100bps Q 2 F Y2 6 E A RNI NG S P RE S E NTAT IO N Note: Adjusted EBITDA and Adjusted EB
Slide 10: Siding & Trim
Siding & Trim (S&T) Net Sales $89mm Inorganic End Markets Remain Soft But More Stable Than Expected, Contribution $766mm For personal use only With Sell-In and Sell-Through Relatively Consistent Organic S&T Net Sales Down (3%) Fiber Cement Exteriors volume declined (MSD%) $696mm +2% Single-famil
Slide 11: Deck, Rail & Accessories
Deck, Rail & Accessories (DR&A) Net Sales Net Sales and Sell-Through Increased +MSD%, with Sell-Through Growth For personal use only Consistent Sequentially Q2 Net Sales of $256mm, up +6% Solid price / mix benefit and volumes up modestly vs prior year Strong performance continued for our premi
Slide 12: Australia & New Zealand and Europe
Australia & New Zealand (ANZ) Europe Net Sales Net Sales Sales Growth Remains Impacted by the Weak Market Backdrop Double-Digit Volume Growth Driven by Strong Performance For personal use only & Closure of Operations in the Philippines in Fiber Gypsum Products $148mm +LSD% +LDD% ASP Growth Sales Inc
Slide 13: FY26 Financial Guidance
FY26 Financial Guidance Q3 Q4 FY26 FY26 (New) (New) (Updated) (Previous) For personal use only Siding & Trim Net Sales $760 to 785mm $757 to 802mm $2.925 to 2.995bn $2.675 to 2.850bn Adjusted EBITDA $250 to 262mm $240 to 263mm $920 to 955mm (New) Deck, Rail & Accessories Net Sales $187 to 194mm $337
Slide 14: Cash Flow Continues to Enable Quick Deleverage Path
Cash Flow Continues to Enable Quick Deleverage Path Pro Forma For personal use only Deleveraging Actions Q2 FY28 FY26 Debt reduction enabled by strong FCF generation as operating cash flow increases and growth capex requirements remain modest Net Debt ~$4.49bn (September 30, 2025) Additional act
Slide 15: A Leader in Exterior Home & Outdoor Living Solutions
A Leader in Exterior Home & Outdoor Living Solutions For personal use only A Product Portfolio Consisting of Best-in-Class Brands Across Attractive Categories A Winning Strategy to Drive Profitable Growth in R&R and New Construction The Right Team to Enable Our Growth, Innovation and Continuous Impr
Slide 16: Historical Net Sales Breakdown
Historical Net Sales Breakdown For personal use only FY23 FY24 FY25 FY26 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Siding & Trim 827 834 718 759 3,138 786 825 802 841 3,254 817 781 801 827 3,226 738 Deck, Rail & 256 170 107 235 768 261 259 147 297 964 328 242 191 329 1,090 321 Accessories Q 2
Slide 17: Adjusted EBITDA and Adjusted EBITDA margin
Non-GAAP Financial Measures Adjusted EBITDA and Adjusted EBITDA margin Organic James Hardie (Excluding AZEK) Adjusted EBITDA and Adjusted EBITDA margin US$ Millions Three and Six Months Ended September 30 US$ Millions Three Months Ended September 30 Q2 FY26 Q2 FY25 FY26 FY25 Q2 FY26 Operating income
Slide 18: Siding & Trim Segment Adjusted EBITDA and Adjusted Diluted EPS
Non-GAAP Financial Measures Siding & Trim Segment Adjusted EBITDA and Adjusted EBITDA margin Adjusted net income and Adjusted diluted earnings per share US$ Millions Three and Six Months Ended September 30 US$ Millions, except per share amounts Three and Six Months Ended September 30 Q2 FY26 Q2 FY25
Slide 19: Australia & New Zealand Segment Adjusted EBITDA
Non-GAAP Financial Measures Australia & New Zealand Segment Adjusted EBITDA and Adjusted EBITDA margin Europe Segment EBITDA and EBITDA margin US$ Millions Three and Six Months Ended September 30 US$ Millions Three and Six Months Ended September 30 Q2 FY26 Q2 FY25 FY26 FY25 Q2 FY26 Q2 FY25 FY26 FY25
Slide 20: Adjusted other income, net and Net Leverage Ratio
Non-GAAP Financial Measures Adjusted other income, net Net Leverage Ratio US$ Millions Three and Six Months Ended September 30 Q2 FY26 Q2 FY25 FY26 FY25 US$ Millions September 30 For personal use only Other expense (income), net $ (1.4) $ - $ 9.7 $ (0.2) FY26 Non-cash loss on interest rate swap - -
Slide 21: Definitions
Definitions AICF – Asbestos Injuries Compensation Fund Ltd ANZ – Australia and New Zealand ASP – Average net sales price ("ASP") – Total net sales of fiber cement and fiber gypsum products, excluding siding accessory sales, and Deck, Rail & Accessories net sales divided by the total For personal use
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