James Hardie Industries Plc. · NYSE:JHX
James Hardie Industries — Merger or Acquisition (March 2025)
27 slides from James Hardie Industries's merger presentation, Mar 24, 2025
Slide 1: Creating a Leading Building Products Growth Platform
Creating a Leading Building Products For personal use only Growth Platform MARCH 24, 20 25 1
Slide 2: Cautionary Disclosure Regarding Forward-Looking Statements
Cautionary Disclosure Regarding Forward-Looking Statements Statements in this presentation, including statements regarding the proposed acquisition of The AZEK Company Inc. (“AZEK”) by James Hardie Industries plc (“JHX”), that are not historical facts are “forward-looking statements” within the mean
Slide 3: Today's Speakers
Today’s Speakers For personal use only Aaron Erter Rachel Wilson Jesse Singh CHIEF EXECUTIVE CHIEF FINANCIAL CHIEF EXECUTIVE OFFICER OFFICER OFFICER 3
Slide 4: Combining World-Class Talent
Combining World-Class Talent D E D I C AT E D T O P R O V I D I N G W I N N I N G S O L U T I O N S A C R O S S T H E C U S T O M E R VA L U E C H A I N For personal use only 4
Slide 5: Creating a Leading Building Products Growth Platform
Creating a Leading Building Products Growth Platform For personal use only A LEADING SIDING BRAND IN NORTH AMERICA & A LEADING PRO DECKING BRAND AND A GLOBALLY LEADER IN RAILING AND PVC TRIM Creates Accelerates Provides Delivers Unlocks a leading exterior and material conversion- customers a best-in
Slide 6: Highly Compelling Financial Benefits
Highly Compelling Financial Benefits BENEFITS OF THE COMBINATION COMBINED COMPANY For personal use only End Market ~65% Repair & Remodel ~82% Repair & Remodel1 Increases R&R ~70% Repair & Remodel ~35% New Construction ~18% New Construction1 exposure ~30% New Construction Products 93% Exteriors 26% E
Slide 7: Delivering Significant Shareholder Value Creation
7 Delivering Significant Shareholder Value Creation Compelling Combined Company Financial Impact… … Drives Significant Value Creation For personal use only Will materially enhance James Hardie's growth Accretive to James Hardie’s cash EPS3 over the next five years ▪ Cash EPS accretion in first full
Slide 8: Transaction Overview
Transaction Overview ▪ Stock and cash combination of James Hardie (“JHX” or the “Company”) and The AZEK Company (“AZEK”); AZEK shareholders to receive: Consideration — $26.45 in cash for each share of AZEK common stock they own (~47% of consideration) — 1.0340 ordinary shares of James Hardie to be l
Slide 9: James Hardie is a Leading Exterior Products Solutions Provider in North America
James Hardie is a Leading Exterior Products Solutions Provider in North America For personal use only 9
Slide 10: James Hardie At a Glance
James Hardie At a Glance A Leading Siding Brand in North America For personal use only & Globally James Hardie is one of the Key products / applications: ▪ Fiber cement (siding, cladding, etc.) world’s leading producers & ▪ Fiber gypsum and cement-bonded boards marketers of high-performance Compelli
Slide 11: Beautiful & Resilient Solutions
JAM ES HARDIE Beautiful & Resilient Solutions Climate Resilience For personal use only Only Hardie® products are Engineered for Climate® to ensure you get unmatched protection and performance. Hardie® siding stands up to harsh weather situations, ensuring that you get the best performance for your r
Slide 12: James Hardie Has Large Runway for Material Conversion
James Hardie Has Large Runway for Material Conversion H O M EO WN E R FO C U SED , C U STO M E R AN D C O N TR AC TO R D R I VEN For personal use only We are positioned to accelerate We have substantial material conversion We are driving long term with our compelling value proposition runway across
Slide 13: Industry Leading Brands Position AZEK to Capture Opportunities and Accelerate Growth
Industry Leading Brands Position AZEK to Capture Opportunities and Accelerate Growth For personal use only Deck, Rail & Accessories ▪ Decking ▪ Railing ~74% ▪ Pergolas ▪ Porch ▪ Fasteners ▪ Lighting OF SALES1 Home Exteriors ▪ Trim & Moulding ▪ Beadboard ~26% ▪ Cladding ▪ Column Wraps ▪ Shingle Sidin
Slide 14: AZEK At a Glance
AZEK AZEK is an At a Glance innovative leader in outdoor living with For personal use only Proven value creation strategy, focused on material conversion, product innovation, multi- leading brands in channel expansion and consumer journey composite decking, Leading brands, including TimberTech decki
Slide 15: AZEK Participates in Attractive and Growing Categories
AZEK Participates in Attractive and Growing Categories C AT E G O R I E S A R E I N E A R L I E R P H A S E S O F C O N V E R S I O N For personal use only Outdoor Living Popularity and Wood Conversion to AZEK Repair & Remodel Emphasis Material Types Fuels Growth OUTDOOR LIVING SPACES RANKED in Popu
Slide 16: Material Conversion to AZEK's Low-Maintenance Solutions Has Been Accelerating
Material Conversion to AZEK's Low-Maintenance Solutions Has Been Accelerating For personal use only COMP OSI T E DE CKI NG I S GROW I NG Based on research, AZEK believes that wood (% of total linear feet sold annually to channel) alternative decking could reach ~50% of decking opportunities share ov
Slide 17: Creates a Leading Building Products Growth Platform
Creates a Leading Building Products Growth Platform For personal use only Bringing Together Two Leaders with … to Accelerate James Hardie’s Growth Complementary Product Offerings… Strategy and Drive Value Significantly increased revenue growth trajectory Significant cost and James Hardie is a leadin
Slide 18: Both Brands Deliver on Pros' Needs and Desires
Both Brands Deliver on Pros’ Needs and Desires B A S E D O N T H I R D - PA R T Y R E S E A R C H S U R V E Y T O P R O F E S S I O N A L C O N T R A C T O R S D E S I R E D M A N U F A C T U R E R AT T R I B U T E S HI GH BR AND P ERF ORMA NCE For personal use only Attributes looked for in manufact
Slide 19: Accelerates Material Conversion-Led Growth
Accelerates Material Conversion-Led Growth L A R G E M AT E R I A L C O N V E R S I O N O P P O R T U N I T Y T O F U E L G R O W T H For personal use only S ID IN G OT HE R EX TE RI ORS DE CK IN G RA IL I NG P ERGOL AS / ST RU CT URE S Vinyl & Wood Wood 29% Wood Composite Other Wood 35% 24% 76% 19%
Slide 20: Material Conversion Opportunity Underpinned by Compelling Value Proposition
Material Conversion Opportunity Underpinned by Compelling Value Proposition to Customers For personal use only Brands of choice for homeowners, Integrated full-wrap solution, Localized scale customers and contractors segmented commercial approach, & manufacturing including targeted marketing across
Slide 21: Provides Customers a Comprehensive Solution of Leading Exterior Brands
Provides Customers a Comprehensive Solution of Leading For personal use only Exterior Brands Innovative products for the exterior Plank Board Shingle Board & Batten Column Wraps Panels Decking Trim & Mouldings Railings Soffit Pergolas 21
Slide 22: Delivers Best-in-Class Financial Profile
Delivers Best-in-Class Financial Profile Accelerates growth rate, delivers peer-leading Advances value creating capital profitability and generates robust cash flow allocation initiatives For personal use only Invest in organic growth Deleveraging ON A C OMBIN ED COMPANY BA SI S $5.9B NET SALES1 $1.
Slide 23: Unlocks Significant Value Through Synergies
Unlocks Significant Value Through Synergies For personal use only A solid baseline of clear …Supplemented with tangible and credible cost commercial synergies synergies… Expand fiber cement Accelerates $125M current strategy exteriors with TimberTech decking contractors ▪ Manufacturing and procureme
Slide 24: Strong Underlying Drivers to Achieve Synergies
Strong Underlying Drivers to Achieve Synergies COMMER CIAL SY NERGIE S For personal use only Siding Opportunity Decking Opportunity Additional Siding Other Exterior 1 Additional Cross-Selling Total with AZEK Contractors with James Hardie Contractors & Decking Gains Sales Gain Opportunity Significant
Slide 25: Disciplined Integration Approach to Achieve Synergies
Disciplined Integration Approach to Achieve Synergies Integration Planning Process COS T S YN ERGI E S1 For personal use only ▪ Highly collaborative approach with dedicated team members from both ($Millions) companies Run-Rate Cost Synergies (~$125M) Achieved Cost Synergies ▪ Overseen by executive t
Slide 26: Creating a Leading Building Products Growth Platform
Creating a Leading Building Products Growth Platform For personal use only A LEADING SIDING BRAND IN NORTH AMERICA & A LEADING PRO DECKING BRAND AND A GLOBALLY LEADER IN RAILING AND PVC TRIM Creates Accelerates Provides Delivers Unlocks a leading exterior and material conversion- customers a best-in
Slide 27: Non-GAAP Financial Measures
Non-GAAP Financial Measures Adjusted EBIT and Adjusted EBITDA Adjusted EBIT and Adjusted EBITDA For personal use only US$ Millions US$ Millions 12- 12- month month Q4 Q1 Q2 Q3 Q2 Q3 Q4 Q1 period period FY24 FY25 FY25 FY25 2024 2024 FY24 FY25 ended ended 12/31/24 12/31/24 EBIT $84.0 $235.4 $152.3 $20
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