James Hardie Industries Plc. · NYSE:JHX
James Hardie Industries — Shareholder Meeting (February 2007)
5 slides from James Hardie Industries's shareholder meeting presentation, Feb 1, 2007
Slide 1: Extraordinary Information Meeting
. @ James Hardie James Hardie Extraordinary Information Meeting 1 February 2007 Louis Gries, CEO ® James Hardie a0] Amended Final « Consistent with original Heads of Agreement signed on 21 Dec 2004 « Agreement attempts to balance: ® Need for James Hardie to remain profitable, financially strong and
Slide 2: Amended Final Funding Agreement - Key Elements
@® James Hardie i 4 ae) : i = d Final Funding Agreement - Key Elements » Establishment of a special purpose fund - Asbestos Injuries Compensation Fund (AICF} * Initial funding of the AICF by James Hardie of A$184.3m based on KPMG Actuaries report at 30 September 2006 » Arolling two year buffer to be
Slide 3: Amended Final Funding: Annual Funding Cap
@® James Hardie ln. | Amended Final Funding Annual Funding Cap * Expressed as a % of JHINV net operating cashflow of the financial year prior to annual payment date * Defined as: operating cashflow after tax, interest and changes in working capital and JHINV asbestos payments, but before capital exp
Slide 4: July 2007 payment to AICF
zB gee cm: Amended Final July 2007 payment to AICF « Payments by JH] NV of: » A$189 million in July 2006 fo the ATO (in part payment of an amended assessment received by RCi Pty Ltd for the 1999 financial year), and * Initial Payment of A$184.3 million fo AICF (expected in Feb 07) significantly redu
Slide 5: Amended Final Funding: Allowable Transactions/Distributions
. @® James Hardie Amended Final Funding Allowable Transactions/Distributions « JHINV has agreed to observe a restriction on its ability to undertake certain transactions including certain distributions, reorganisations and non arms-iength dealings « There are a number of exemptions to the restrictio
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