James Hardie Industries Plc. · NYSE:JHX
James Hardie Industries — Shareholder Meeting (August 2015)
33 slides from James Hardie Industries's shareholder meeting presentation, Aug 17, 2015
Slide 1: Annual General Meeting August 2015
Annual General Meeting 14 August 2015 Exhibit 99.6
Slide 2: Disclaimer: Forward-Looking Statements
PAGE DISCLAIMER 2 FORWARD-LOOKING STATEMENTS This Management Presentation 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,
Slide 3: Disclaimer (continued)
PAGE DISCLAIMER (continued) 3 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-
Slide 4: Chairman's Address – Michael Hammes
PAGE 4 Annual General Meeting 14 August 2015 Chairman’s Address – Michael Hammes
Slide 5: CEO's Presentation – Louis Gries
PAGE 5 Annual General Meeting 14 August 2015 CEO’s Presentation – Louis Gries
Slide 6: Group Overview Three Months Ended June
PAGE GROUP OVERVIEW 6 Three Months Ended 30 June Q1'16 Q1'15 Change Adjusted EBIT (US$ millions) 89.7 71.2 26% Adjusted EBIT Margin % 20.9% 17.1% 3.8 pts Adjusted Net Operating Profit (US$ millions) 63.5 50.1 27% Net operating cash flow (US$ million) 55.1 42.5 30% Adjusted Diluted EPS (US cents) 27%
Slide 7: USA and Europe Fiber Cement 1st Quarter Summary
PAGE USA AND EUROPE FIBER CEMENT 1 st QUARTER SUMMARY 7 1 st Quarter Results • Higher volume driven by modest market growth • Higher average net sales price reflects our annual price increase effective March 2015, partially offset by the impact of foreign exchange and mix • Favorable production cost
Slide 8: Asia Pacific Fiber Cement 1st Quarter Summary
PAGE 8 1 st Quarter Results ASIA PACIFIC FIBER CEMENT 1st QUARTER SUMMARY • Favorable conditions in addressable markets • Higher volume and sales in AUS, NZ, and Philippines • Higher average net sales price driven by favorable product mix and price increases • Higher production costs primarily drive
Slide 9: FY2016 Guidance
PAGE FY2016 GUIDANCE 9 • Management notes the range of analysts’ forecasts for net operating profit excluding asbestos for the year ending 31 March 2016 is between US$244 million and US$286 million • Management expects full year Adjusted net operating profit to be between US$240 million and US$270 m
Slide 10: Items of Business
PAGE 10 Annual General Meeting 14 August 2015 Items of Business* *Shareholders should refer to the 2015 Notice of Annual General Meeting for the full text and background to each resolution set forth in the presentation
Slide 11: Resolution 1: Financial Statements and Reports for Fiscal Year 2015
PAGE 11 RESOLUTION 1: Financial Statements and Reports for Fiscal Year 2015 • To receive and consider the financial statements and the reports of the Board and external auditor for the fiscal year ended 31 March 2015
Slide 12: Resolution 1: Voting Results
PAGE 12 RESOLUTION 1: Financial Statements and Reports for Fiscal Year 2015 PROXY RESULTS: Votes %* For 365,611,073 99.97 Against 30,139 0.01 Open 74,945 0.02 Abstain 2,112,605 N/A Excluded N/A * Percentages have been rounded
Slide 13: Resolution 2: Remuneration Report for Fiscal Year 2015
PAGE 13 RESOLUTION 2: Remuneration Report for Fiscal Year 2015 • To receive and consider the Remuneration Report of the Company for the fiscal year ended 31 March 2015
Slide 14: Resolution 2: Voting Results
PAGE 14 RESOLUTION 2: Remuneration Report for Fiscal Year 2015 PROXY RESULTS: Votes %* For 316,331,083 86.37 Against 49,869,849 13.61 Open 74,945 0.02 Abstain 1,552,885 N/A Excluded N/A * Percentages have been rounded
Slide 15: Resolution 3: Election/Re-election of Directors
PAGE 15 RESOLUTION 3: Election/Re-election of Directors a. That Andrea Gisle Joosen be elected as a director b. That Brian Anderson, who retires by rotation in accordance with the Articles of Association, be re-elected as a director c. That Alison Littley, who retires by rotation in accordance with
Slide 16: Resolution 3(a): Election of Director – Andrea Gisle Joosen
PAGE 16 RESOLUTION 3(a): Election of Director – Andrea Gisle Joosen PROXY RESULTS: Votes %* For 367,196,036 99.94 Against 146,472 0.04 Open 74,945 0.02 Abstain 411,309 N/A Excluded N/A * Percentages have been rounded
Slide 17: Resolution 3(b): Re-election of Director – Brian Anderson
PAGE 17 RESOLUTION 3(b): Re-election of Director – Brian Anderson PROXY RESULTS: Votes %* For 362,187,124 98.90 Against 3,948,439 1.08 Open 72,445 0.02 Abstain 1,620,754 N/A Excluded N/A * Percentages have been rounded
Slide 18: Resolution 3(c): Re-election of Director – Alison Littley
PAGE 18 RESOLUTION 3(c): Re-election of Director – Alison Littley PROXY RESULTS: Votes %* For 364,858,380 99.30 Against 2,490,637 0.68 Open 74,945 0.02 Abstain 404,800 N/A Excluded N/A * Percentages have been rounded
Slide 19: Resolution 3(d): Re-election of Director – James Osborne
PAGE 19 RESOLUTION 3(d): Re-election of Director – James Osborne PROXY RESULTS: Votes %* For 367,248,977 99.95 Against 98,318 0.03 Open 72,445 0.02 Abstain 409,022 N/A Excluded N/A * Percentages have been rounded
Slide 20: Resolution 4: Authority to Fix the External Auditor's Remuneration
PAGE 20 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 2016
Slide 21: Resolution 4: Voting Results
PAGE 21 RESOLUTION 4: Authority to Fix the External Auditor’s Remuneration PROXY RESULTS: Votes %* For 367,239,915 99.95 Against 124,484 0.03 Open 74,945 0.02 Abstain 389,080 N/A Excluded N/A * Percentages have been rounded
Slide 22: Resolution 5: Re-approval of the Long Term Incentive Plan 2006
PAGE 22 RESOLUTION 5: Re-approval of the James Hardie Industries Long Term Incentive Plan 2006 • That approval is given for all purposes for further amendment to, and continued operation of, the James Hardie Industries Long Term Incentive Plan 2006 (as amended)
Slide 23: Resolution 5: Voting Results
PAGE 23 RESOLUTION 5: Re-approval of the James Hardie Industries Long Term Incentive Plan 2006 PROXY RESULTS: Votes %* For 296,517,107 82.15 Against 64,341,200 17.83 Open 70,291 0.02 Abstain 6,377,886 N/A Excluded 522,278 N/A * Percentages have been rounded
Slide 24: Resolution 6: Grant of Return on Capital Employed RSUs
PAGE 24 RESOLUTION 6: 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 2006 Long Term Incentive Plan (as amended) to the CEO, Louis Gries
Slide 25: Resolution 6: Voting Results
PAGE 25 RESOLUTION 6: Grant of Return on Capital Employed Restricted Stock Units PROXY RESULTS: Votes %* For 322,438,703 88.16 Against 43,202,226 11.82 Open 70,291 0.02 Abstain 1,595,264 N/A Excluded 522,278 N/A * Percentages have been rounded
Slide 26: Resolution 7: Grant of Relative TSR RSUs
PAGE 26 RESOLUTION 7: Grant of Relative Total Shareholder Return (TSR) RSUs • Approve the grant of RSUs with a Relative Total Shareholder Return (TSR) hurdle under the Company’s 2006 Long Term Incentive Plan (as amended) to the CEO, Louis Gries
Slide 27: Resolution 7: Voting Results
PAGE 27 RESOLUTION 7: Grant of Relative Total Shareholder Return (TSR) RSUs PROXY RESULTS: Votes %* For 295,288,992 80.74 Against 70,356,714 19.24 Open 70,291 0.02 Abstain 1,590,487 N/A Excluded 522,278 N/A * Percentages have been rounded
Slide 28: Special Resolution 8: Amend the Memorandum of Association
PAGE 28 SPECIAL RESOLUTION 8: Amend the Memorandum of Association • That clauses, 2, 3(i)(d) and 3 (ix) of the Memorandum of Association, in the form produced to the meeting and initialled by the Chairman for the purposes of identification, be adopted in substitution for, and to the exclusion of, th
Slide 29: Special Resolution 8: Voting Results
PAGE 29 SPECIAL RESOLUTIONS 8: Amend the Memorandum of Association PROXY RESULTS: Votes %* For 365,250,513 99.41 Against 2,078,690 0.57 Open 72,791 0.02 Abstain 426,768 N/A Excluded N/A * Percentages have been rounded
Slide 30: Special Resolution 9: Amend the Articles of Association
PAGE 30 SPECIAL RESOLUTIONS 9: Amend the Articles of Association • That the Articles of Association, in the form produced to the meeting and initialled by the Chairman for the purposes of identification, be adopted in substitution for, and to the exclusion of, the existing Articles of Association of
Slide 31: Special Resolution 9: Voting Results
PAGE 31 SPECIAL RESOLUTIONS 9: Amend the Articles of Association PROXY RESULTS: Votes %* For 365,245,144 99.41 Against 2,089,142 0.57 Open 72,791 0.02 Abstain 421,685 N/A Excluded N/A * Percentages have been rounded
Slide 32: Other Items of Business
PAGE 32 Other Items of Business
Slide 33: Annual General Meeting August 2015
Annual General Meeting 14 August 2015
James Hardie Industries — Shareholder Meeting (August 2015) on 6ix