James Hardie Industries Plc. · NYSE:JHX
James Hardie Industries — Shareholder Meeting (August 2013)
29 slides from James Hardie Industries's shareholder meeting presentation, Aug 12, 2013
Slide 1: Annual General Meeting 12 August 2013
For personal use only ANNUAL GENERAL MEETING 12 August 2013
Slide 2: Chairman's Address - Michael Hammes
For personal use only Annual General Meeting 12 August 2013 Chairman’s Address - Michael Hammes 2
Slide 3: CEO's Address – Louis Gries
For personal use only Annual General Meeting 12 August 2013 CEO’s Address – Louis Gries 3
Slide 4: Agenda
For personal use only AGENDA • Global Strategy • Results Overview – Full Year 2013 and Q1 FY2014 • USA and Europe Fibre Cement • Group Summary • Group Outlook 4
Slide 5: Global Strategy
For personal use only 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 sustainabl
Slide 6: Group Overview
For personal use only 1 GROUP OVERVIEW US$ Millions FY2013 FY2012 % Change Q1 Q1 % Change FY2014 FY2013 2 2 Net operating (loss) profit 45.5 604.3 (92) 142.2 68.5 - Net operating profit excluding asbestos, 140.8 144.3 (2) 52.0 43.8 19 asset impairments, ASIC expenses, New Zealand product liability e
Slide 7: USA and Europe Fibre Cement EBIT and EBIT Margin
For personal use only USA AND EUROPE FIBRE CEMENT 1 80 EBIT and EBIT Margin 35 70 30 60 25 EBIT Margin EBIT US$M 50 20 40 15 30 10 20 10 5 0 0 FY09 FY10 FY11 FY12 FY13 FY14 EBIT EBIT Margin 1 Excludes asset impairment charges of US$14.3 million in 4th quarter FY12, US$5.8 million in 3rd quarter FY13
Slide 8: Q1 FY14 Result - Group Summary
For personal use only Q1 FY14 RESULT - GROUP SUMMARY • 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 t
Slide 9: FY14 Guidance
For personal use only 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 expen
Slide 10: Group Outlook
For personal use only 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
Slide 11: Items of Business
For personal use only Annual General Meeting 12 August 2013 Items of Business 11
Slide 12: Financial Statements and Reports for Fiscal Year 13
For personal use only RESOLUTION 1: Financial Statements and Reports for Fiscal Ye a r 2 0 1 3 • To receive and consider the financial statements and reports of the Directors and external auditor for the fiscal year ended 31 March 2013 12
Slide 13: Proxy Results: Financial Statements and Reports
For personal use only RESOLUTION 1: Financial Statements and Reports for Fiscal Ye a r 2 0 1 3 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 0 N/A * - percentages have been rounded 13
Slide 14: Remuneration Report for Fiscal Year 2013
For personal use only RESOLUTION 2: R e m u n e r a t i o n R e p o r t f o r F i s c a l Ye a r 2 0 1 3 • To receive and consider the Remuneration Report of the company for the fiscal year ended 31 March 2013 14
Slide 15: Proxy Results: Remuneration Report
For personal use only RESOLUTION 2: R e m u n e r a t i o n R e p o r t f o r F i s c a l Ye a r 2 0 1 3 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 0 N/A * - percentages have been rounded 15
Slide 16: Re-election of Directors
For personal use only 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
Slide 17: Re-election of Directors – David Harrison
For personal use only 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 0 N/A * - percentages have been rounded 17
Slide 18: Re-election of Directors – Donald McGauchie AO
For personal use only 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 0 N/A * - percentages have been rounded 18
Slide 19: Authority to Fix the External Auditor's Remuneration
For personal use only RESOLUTION 4: A u t h o r i t y t o F i x t h e E x t e r n a l A u d i t o r ’s Remuneration • That the Board be authorised to fix the remuneration of the external auditor for the financial year ended 31 March 2014. 19
Slide 20: Proxy Results: Auditor's Remuneration
For personal use only RESOLUTION 4: A u t h o r i t y t o F i x t h e E x t e r n a l A u d i t o r ’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 0 N/A * - percentages have been rounded 20
Slide 21: Grant of Return on Capital Employed Restricted Stock Units
For personal use only 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 21
Slide 22: Proxy Results: ROCE Restricted Stock Units
For personal use only 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 22
Slide 23: Grant of Relative Total Shareholder Returns (TSR) RSUs
For personal use only RESOLUTION 6: G r a n t o f R e l a t i v e To t a l S h a r e h o l d e r R e t u r n s (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. 23
Slide 24: Proxy Results: TSR RSUs
For personal use only RESOLUTION 6: G r a n t o f R e l a t i v e To t a l S h a r e h o l d e r R e t u r n s (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 24
Slide 25: Other Items of Business
For personal use only OTHER ITEMS OF BUSINESS 25
Slide 26: Annual General Meeting August 2013
For personal use only ANNUAL GENERAL MEETING 12 August 2013
Slide 27: Disclaimer
For personal use only 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
Slide 28: Disclaimer (continued)
For personal use only 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 i
Slide 29: Annual General Meeting August 2013
For personal use only ANNUAL GENERAL MEETING 12 August 2013
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