James Hardie Industries Plc. · NYSE:JHX
James Hardie Industries — Q1 2026 Earnings Presentation
24 slides from James Hardie Industries's earnings presentation, Aug 19, 2025
Slide 1: First Quarter FY26 Earnings Presentation
First Quarter FY26 Earnings Presentation Tuesday, August 19th Q 1 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 1 Key Messages & Q1 Business Performance 2 James Hardie Strategic Update 3 AZEK Integration & Synergy Progress 4 Financial Results & Guidance Aaron Erter Rachel Wilson CHIEF EXECUTIVE CHIEF FINANCIAL 5 Q&A OFFICER OFFICER 6 Modeling Considerations Q 1 F Y2 6 E A RNI NG S P RE S E NTAT IO N 3
Slide 4: Key Messages
Key Messages Working Safely Through Zero Harm and Generating Savings through the Hardie Operating System (HOS) Winning Share in Fiber Cement Through Focused Strategies Q1 Results Directionally as Anticipated, Adjusting Outlook for Softer Markets AZEK Integration & Synergy Capture Well Underw
Slide 5: Q1 Business Performance
Q1 Business Performance James Hardie Quarterly Results P E R F O R M A N C E I N - L I N E W I T H E X P E C TAT I O N S Net Adjusted Adjusted EBITDA Sales EBITDA1 Margin %1 $900mm $226mm 25.1% Positive ASP Across All Regions Including Sequential Improvement in North America 1) Non-GAAP. Refer to No
Slide 6: James Hardie Strategic Update
James Hardie Strategic Update HOMEOW NER FOCUSED, CUSTOMER AND CONTRACTOR DRIVEN Focusing Across the Customer Value Chain 1 to Drive Material Conversion in R&R Offering Valued Solutions to Partner for 2 Growth With Large Single-Family Homebuilders Earning Recognition for Our 3 Leadership Through Inn
Slide 7: Positioning to Grow At Scale
Positioning to Grow At Scale Pillars of Our Integration Plan Engage Support Run Enable Our Customers Our Customers Our Operations Our Business Key Focus Areas: Service Enabled By: Organizational Imperatives: Support Growth Through: The Value Proposition of Our Unrivaled, Localized Work Safely
Slide 8: Early Progress on Cost and Commercial Synergies
Early Progress on Cost and Commercial Synergies On-Track to Achieve $125mm of Cost Synergies1 Early Wins Across the Value Chain 50%+ of G&A Cost Synergies Actioned in the First 50 Days Commercial Synergy Wins Validate Confidence in Achieving Over $500mm of Commercial Synergies1 Commercial & Partneri
Slide 9: Financial Key Messages
Financial Key Messages Successfully Closed Acquisition of The AZEK® Company First Quarter Results Directionally In Line with Expectations Adjusting North America Outlook for Market Demand and Organic Sales Issuing New FY26 Guidance Reflecting Contribution from AZEK Focused on Successful Integration,
Slide 10: Q1 FY26 Financial Results
Q1 FY26 Financial Results Net Sales $900mm (9%) Adjusted EBITDA1 $226mm (21%) Adjusted EBITDA Margin1 25.1% (370bps) Adjusted Diluted EPS1 $0.29 (28%) Free Cash Flow1 $104mm +88% Delivered Results Largely Consistent with Our Expectations Despite Headwinds Across Each of Our Markets 1) Non-GAAP. Refe
Slide 11: North America Fiber Cement
North America Fiber Cement Net Sales $729mm Channel Inventory Volume Impact As Planned For, Single-Family Exteriors Primarily Impacting New Construction Geographies Exteriors volume declined (DD%) Single-Family exteriors (DD%), primarily due to +3% ASP Growth $642mm Texas, Florida and Georgia Vo
Slide 12: Asia Pacific Fiber Cement and Europe Building Products
Asia Pacific Fiber Cement1 Europe Building Products Net Sales Net Sales Solid Growth in ANZ Despite Unfavorable Market Backdrop Strong Pricing Realization Offsetting Softer Volume +LSD% +LSD% ASP Growth +LSD% $135mm Volume Increase Sales Increase $137mm in Local Currency FX Tailwind $122mm ANZ Sales
Slide 13: FY26 Financial Guidance
FY26 Financial Guidance FY261 Segment Net Sales Siding & Trim2 $2.675 to 2.850bn Deck, Rail & Accessories2 $775 to 800mm Adjusted EBITDA3 AZEK Contribution2 +$250 to 265mm Total Adjusted EBITDA $1.05 to 1.15bn Free Cash Flow3 Free Cash Flow $200mm+4 1) Includes sales and EBITDA contribution from AZE
Slide 14: Capital Allocation Priorities
Capital Allocation Priorities Invest in Organic Growth Reduce Balance Sheet Leverage In Line with our Stated Commitments Return Capital to Shareholders Evaluate Tuck-In Opportunities to Bolster Existing Offerings and Capabilities Q 1 F Y2 6 E A RNI NG S P RE S E NTAT IO N 14
Slide 15: A Leader in Exterior Home & Outdoor Living Solutions
A Leader in Exterior Home & Outdoor Living Solutions 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 Improvement Plans Globally
Slide 16: Q&A
Q&A Aaron Erter Rachel Wilson CHIEF EXECUTIVE CHIEF FINANCIAL OFFICER OFFICER Q 1 F Y2 6 E A RNI NG S P RE S E NTAT IO N 16
Slide 17: Modeling Considerations
DRAFT LIVE MODELING CONSIDERATIONS Q 1 F Y2 6 E A RNI NG S P RE S E NTAT IO N 17 17
Slide 18: Modeling Considerations: Adjusted Diluted EPS
Modeling Considerations: Adjusted Diluted EPS Q1 Q2 Full Year Combined FY26 FY26 FY261 Annualized2 Total Adjusted EBITDA $226mm ~$275mm $1.05 to 1.15bn Depreciation Expense3 $55mm ~$85mm ~$315mm ~$340mm Interest Incurred on Debt4 $12mm ~$73mm ~$230mm ~$290mm Adjusted Effective Tax Rate 22.6% ~22% ~2
Slide 19: Modeling Considerations: Interest Incurred on Debt
Modeling Considerations: Interest Incurred on Debt Gross Debt Interest Annualized Interest Maturity Amount1 Rate2 Incurred on Debt3 Drawn Portion -- SOFR + (1.375 to 2.00%) -- Undrawn Portion $1,000mm4 0.20 to 0.30% of Undrawn Balance ~$3mm Revolver May 2030 $1,000mm ~$3mm Term Loan A (3-yr) May 202
Slide 20: Non-GAAP Financial Measures
Non-GAAP Financial Measures Q 1 F Y2 6 E A RNI NG S P RE S E NTAT IO N 1) Includes tax adjustments related to the amortization benefit of certain US intangible assets, asbestos, and other tax adjustments 2) Weighted average common shares outstanding used in computing diluted net income per common sh
Slide 21: Non-GAAP Financial Measures
Non-GAAP Financial Measures Adjusted General Corporate and Unallocated R&D US$ Millions Three Months Ended June 30 FY26 FY25 General Corporate and Unallocated R&D costs $ 75.5 $ 45.3 Acquisition related expenses (28.4) - Asbestos related expenses and adjustments (1.0) (0.6) Adjusted General Corporat
Slide 22: Non-GAAP Financial Measures
Non-GAAP Financial Measures 1) Includes tax adjustments related to the amortization benefit of certain US intangible assets, asbestos, and other tax adjustments 2) Represents funds for the US$1.7 billion senior secured notes entered into in June 2025 and related interest received Note: Non-GAAP Outl
Slide 23: Non-GAAP Financial Measures
Non-GAAP Financial Measures Q 1 F Y2 6 E A RNI NG S P RE S E NTAT IO N 1) Gain on sale of business relates to the sale of the Scranton Products business 2) Other costs include costs related to the merger with James Hardie 23
Slide 24: 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 accessory sales, divided by the total volume of products sold Free Cash Flow – Free Cash Flow (“FCF"
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