James Hardie Industries Plc. · NYSE:JHX
James Hardie Industries — Shareholder Meeting (August 2013)
29 slides from James Hardie Industries's shareholder meeting presentation, Aug 13, 2013
Slide 1: Annual General Meeting 12 August 2013
ANNUAL GENERAL MEETING 12 August 2013 Exhibit 99.7
Slide 2: Chairman's Address - Michael Hammes
Annual General Meeting 12 August 2013 Chairman’s Address - Michael Hammes
Slide 3: CEO's Address - Louis Gries
Annual General Meeting 12 August 2013 CEO’s Address – Louis Gries
Slide 4: Agenda
AGENDA • Global Strategy • Results Overview – Full Year 2013 and Q1 FY2014 • USA and Europe Fibre Cement • Group Summary • Group Outlook
Slide 5: Global Strategy
GLOBAL STRATEGY Industry Leadership and Profitable Growth • Aggressively grow demand for our products in targeted market segments • Grow our overall market position while defending our share in existing market segments • Introduce differentiated products to deliver a sustainable competitive advantag
Slide 6: Group Overview
US$ Millions FY2013 FY2012 % Change Q1 FY2014 Q1 FY2013 % Change GROUP OVERVIEW Comparisons are of the 1 st quarter FY2014 and full fiscal year as at March versus the 1 st quarter and full year result of the prior fiscal year. Includes $485.2m tax benefit arising on conclusion of RCI’s disputed amen
Slide 7: USA and Europe Fibre Cement
Excludes asset impairment charges of US$14.3 million in th quarter FY12, US$5.8 million in rd quarter FY13 and US$11.1 million in th quarter FY13 USA AND EUROPE FIBRE CEMENT
Slide 8: Net operating profit of US$52.0 million
• Net operating profit of US$52.0 million, which excludes asbestos, ASIC expenses, New Zealand product liability expenses and tax adjustments, reflected: • Improved sales volumes and higher average net sales prices in both the USA and Europe and the Asia Pacific Fibre Cement segments • Increased emp
Slide 9: FY14 Guidance
FY14 GUIDANCE • Management notes the range of analysts’ forecasts for net operating profit excluding asbestos for the year ending 31 March 2014 is between US$165 million and US$194 million • Management expects full year earnings excluding asbestos, asset impairments, ASIC expenses, New Zealand produ
Slide 10: Group Outlook
GROUP OUTLOOK USA and Europe Fibre Cement • The US operating environment continues to reflect an increasing number of housing starts and improving house values • Pick-up in repair and remodelling activity becoming apparent • The company is continuing with its plan to invest in capacity expansions th
Slide 11: Items of Business
Annual General Meeting 12 August 2013 Items of Business
Slide 12: Financial Statements and Reports for Fiscal Year
RESOLUTION 1: Financial Statements and Reports for Fiscal Year • To receive and consider the financial statements and reports of the Directors and external auditor for the fiscal year ended 31 March
Slide 13: Financial Statements and Reports: Proxy Results
RESOLUTION 1: Financial Statements and Reports for Fiscal Year PROXY RESULTS: Votes %* For 353,440,980 99.96 Against 22,285 0.01 Open 125,832 0.04 Abstain 5,400,873 N/A Excluded N/A * - percentages have been rounded
Slide 14: Remuneration Report for Fiscal Year 2013
RESOLUTION 2: Remuneration Report for Fiscal Year 2013 • To receive and consider the Remuneration Report of the company for the fiscal year ended 31 March 2013
Slide 15: Remuneration Report: Proxy Results
RESOLUTION 2: Remuneration Report for Fiscal Year 2013 PROXY RESULTS: Votes %* For 328,838,459 91.66 Against 29,829,076 8.31 Open 123,632 0.03 Abstain 198,803 N/A Excluded N/A * - percentages have been rounded
Slide 16: Re-election of Directors
RESOLUTION 3: Re-election of Directors a. That David Harrison, who retires by rotation in accordance with the Articles of Association, be re-elected as a director. b. That Donald McGauchie AO, who retires by rotation in accordance with the Articles of Association, be re-elected as a director.
Slide 17: Re-election of Directors - David Harrison
RESOLUTION 3(a): Re-election of Directors – David Harrison PROXY RESULTS: Votes %* For 355,803,291 99.13 Against 3,019,165 0.84 Open 123,632 0.03 Abstain 43,882 N/A Excluded N/A * - percentages have been rounded
Slide 18: Re-election of Directors - Donald McGauchie AO
RESOLUTION 3(b): Re-election of Directors – Donald McGauchie AO PROXY RESULTS: Votes %* For 337,584,498 98.27 Against 5,813,697 1.69 Open 123,632 0.04 Abstain 15,468,143 N/A Excluded N/A * - percentages have been rounded
Slide 19: Authority to Fix the External Auditor's Remuneration
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 financial year ended 31 March 2014.
Slide 20: Auditor's Remuneration: Proxy Results
RESOLUTION 4: Authority to Fix the External Auditor’s Remuneration PROXY RESULTS: Votes %* For 358,669,880 99.95 Against 66,081 0.02 Open 126,132 0.04 Abstain 127,877 N/A Excluded N/A * - percentages have been rounded
Slide 21: Grant of Return on Capital Employed Restricted Stock Units
RESOLUTION 5: Grant of Return on Capital Employed Restricted Stock Units • Approve the grant of Return on Capital Employed Restricted Stock Units (RSUs) under the company’s Long Term Incentive Plan to the CEO, Louis Gries
Slide 22: ROCE Restricted Stock Units: Proxy Results
RESOLUTION 5: Grant of Return on Capital Employed Restricted Stock Units PROXY RESULTS: Votes %* For 356,243,601 99.48 Against 1,739,439 0.49 Open 428,464 0.03 Abstain 189,224 N/A Excluded 523,832 N/A * - percentages have been rounded
Slide 23: Grant of Relative Total Shareholder Returns (TSR) RSUs
RESOLUTION 6: Grant of Relative Total Shareholder Returns (TSR) RSUs • Approve the grant of RSUs with a Relative Total Shareholder Return (TSR) hurdle under the company’s Long Term Incentive Plan to the CEO, Louis Gries.
Slide 24: Relative TSR RSUs: Proxy Results
RESOLUTION 6: Grant of Relative Total Shareholder Returns (TSR) RSUs PROXY RESULTS: Votes %* For 326,259,283 91.15 Against 31,575,033 8.82 Open 428,464 0.03 Abstain 189,358 N/A Excluded 523,832 N/A * - percentages have been rounded
Slide 25: Other Items of Business
OTHER ITEMS OF BUSINESS
Slide 26: Annual General Meeting August 2013
ANNUAL GENERAL MEETING 12 August 2013
Slide 27: Disclaimer
Disclaimer: This Management Presentation contains forward-looking statements. James Hardie may from time to time make forward-looking statements in its periodic reports filed with or furnished to the SEC, on Forms 20-F and 6-K, in its annual reports to shareholders, in offering circulars, invitation
Slide 28: Disclaimer (continued)
Disclaimer (continued): 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-lookin
Slide 29: Annual General Meeting August 2013
ANNUAL GENERAL MEETING 12 August 2013
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