James Hardie Industries Plc. · NYSE:JHX
James Hardie Industries — Q4 2026 Earnings Presentation
25 slides from James Hardie Industries's earnings presentation, May 19, 2026
Slide 1: Fourth Quarter FY26 Earnings Presentation
Fourth Quarter FY26 Earnings Presentation Tuesday, May 19th Q4 FY26 EARNINGS P RE SENTA TIO 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: James Hardie At A Glance
James Hardie At A Glance $5.3B 9% 6-YEAR FY26 PF NORTH AMERICA PF REVENUE REVENUE CAGR $1.4B 26.5% James Hardie is a leading provider of FY26 PF ADJ. EBITDA FY26 PF ADJ. EBITDA exterior home and outdoor living solutions MARGIN Total Net Sales NA Net Sales NA Net Sales by Geography ANZ by End-Market
Slide 4: Our North America Markets are Large with Substantial Opportunity for Material Conversion
Our North America Markets are Large with Substantial Opportunity for Material Conversion S ID IN G OT HE R EX TE RI ORS DE CK IN G RA IL I NG P ERGOL AS / ST RUC TU RE S ~78% ~54% ~76% ~63% ~85% Remaining conversion Remaining conversion Remaining conversion Remaining conversion Remaining conversion
Slide 5: Focused Long-term Strategy with Multiple Levers for Profitable Growth
Focused Long-term Strategy with Multiple Levers for Profitable Growth and Performance The Home of Resilient Beauty. Accelerate Drive Advance Extend Enhance Material Channel Product Brand Homeowner & Conversion Expansion Innovation Leadership Pro Journey Converting inferior Leveraging expanded Develo
Slide 6: Strong Progress on Cost & Commercial Synergies
Strong Progress on Cost & Commercial Synergies Integration Momentum Driving Cost Synergies Commercial Synergies Across the Value Chain Wins At Each Step of the Value Chain Validate Our Confidence in Achieving Over $500mm of Commercial Synergies Commercial & R&D General & CONTRACTORS Partnering to Sc
Slide 7: We Launched Statement Essentials and Reset ColorPlus to Attack Vinyl Conversion
We Launched Statement Essentials and Reset ColorPlus to Attack Vinyl Conversion in the Northeast and Midwest The ColorPlus Reset: A Full Portfolio for Every Price Point The Reset is Launching on a Regional Basis • Enabled by Local Dealers ColorPlus® Technology is Hardie's factory-finished, pre-paint
Slide 8: Targeted Case Study: Early Proof That the Reset is Working
Targeted Case Study: Early Proof That the Reset is Working Monthly Ship To Revenue – Current Year vs Prior Year FY Q2 FY Q3 FY Q4 Prior Year Current Year (post-reset) Q4 FY26 EARNINGS P RE SENTA TIO N Note: Represents post-commercialization period - 90-day ramp from Apr '25 launch; completed by Jul
Slide 9: Trim-Over and Hardie ProLab Are Turning the Cost-Gap Story Into Closed Wins
Trim-Over and Hardie ProLab Are Turning the Cost-Gap Story Into Closed Wins Trim-Over Method Hardie ProLab ~50% ~30% 1,000 3,750 30K+ Upgrade cost vs. vinyl Trained Contractor Crews Homes of training (down from ~100%) Faster Installation vs Target (Quarterly) capacity per quarter Vinyl Remains Prima
Slide 10: Hardie's Incumbent Distribution Relationship Drives AZEK PVC Trim Consolidation
Hardie's Incumbent Distribution Relationship Drives AZEK PVC Trim Consolidation Across Lansing’s National Footprint Why James Hardie Won ✓ Best-in-class exterior package: Hardie siding and AZEK RESPECT SERVICE EXCELLENCE PVC trim delivers the most beautiful, durable exterior combination Headquartere
Slide 11: Hardie Expands Exclusive CBUSA Partnership, Unlocking Incremental TimberTech Decking Opportunity
Hardie Expands Exclusive CBUSA Partnership, Unlocking Incremental TimberTech Decking Opportunity Why James Hardie Won ✓ Long standing siding relationship created trust and EMPOWERMENT COMMUNITY INTEGRITY incumbent advantage Founded in 2004, CBUSA is the nation’s largest group purchasing ✓ AZEK acqui
Slide 12: Q4 FY26 Financial Results
Q4 FY26 Financial Results Net Sales $1,404mm +45% Adjusted EBITDA $381mm +42% Adjusted EBITDA Margin 27.1% (50bps) Adjusted Diluted EPS $0.30 (19%) FY26 Free Cash Flow $314mm (18%) Results Reflect Strong Contributions From The AZEK Acquisition Offsetting Market Softness in North America Q4 FY26 EARN
Slide 13: Q4 Organic Business Results
Q4 Organic Business Results Net Sales $959mm (1)% Adjusted EBITDA $258mm (4)% Adjusted EBITDA Margin 26.9% (70) bps Net Sales $445mm +2% Adjusted EBITDA $123mm +4% Adjusted EBITDA Margin 27.5% +50 bps Q4 FY26 EARNINGS P RE SENTA TIO N Note: Adju sted EBITDA and Ad justed EBITDA Marg in a re non-GA A
Slide 14: Siding & Trim (S&T)
Siding & Trim (S&T) Net Sales $100mm Inorganic $767mm Contribution End Markets Soft But Stabilizing; Pricing Strength Partially Organic S&T Net Sales Down (7%) Offsets Volume Headwinds $719mm • Fiber Cement Exteriors volume declined (LDD%) • Single-family exteriors declined (MDD%), primarily due to
Slide 15: Deck, Rail & Accessories (DR&A)
Deck, Rail & Accessories (DR&A) Net Sales Demand Remains Stable With Growth Initiatives Driving +LSD% Sell- Through Growth • Q4 Net Sales of $345mm, up +5%, primarily driven by price / mix • Strong performance continued for our PVC decking, railing, accessories and pergolas offerings Adjusted EBITDA
Slide 16: Australia & New Zealand (ANZ) Europe
Australia & New Zealand (ANZ) Europe Net Sales Net Sales ANZ Net Sales Increased +18% While Residential Construction Sales Growth Driven by Fiber Gypsum volume growth, aided Backdrop Remains Muted by FX tailwind FX Tailwind $152mm FX Tailwind $140mm +LSD% +MSD% +LSD% $135mm Volume Increase Volume In
Slide 17: FY27 Q1 Guide and Full Year Planning Assumptions
FY27 Q1 Guide and Full Year Planning Assumptions FY27 Full Year Macro Planning Assumptions FY27 Q1 Guide and Full Year Planning Assumptions Metrics Current Assumptions ($ millions) Q1 FY27 FY27 Low High Low High Single Family New Construction Down 5% Net Sales Siding & Trim 758 781 3,043 3,134 Multi
Slide 18: Cash Flow Continues to Enable Quick Deleverage Path
Cash Flow Continues to Enable Quick Deleverage Path Pro Forma Deleveraging Actions Q2 FY28 FY26 Debt reduction enabled by strong FCF Net Debt (March 31, 2026) ~$4.4bn generation as operating cash flow increases and growth capex requirements remain modest Solid Adjusted EBITDA growth driven by sales
Slide 19: Non-GAAP Financial Measures
Non-GAAP Financial Measures Adjusted net income and Adjusted diluted earnings per share Adjusted EBITDA and Adjusted EBITDA margin (Millions of US dollars, except per share amounts) Three Months Ended March 31 (Millions of US dollars) Three Months and Full Year Ended March 31 Q4 FY26 Q4 FY25 Q4 FY26
Slide 20: Non-GAAP Financial Measures
Non-GAAP Financial Measures Siding & Trim Segment Adjusted EBITDA and Adjusted EBITDA margin (Millions of US dollars) Three Months Ended March 31 Q4 FY26 Q4 FY25 Siding & Trim Segment operating income $ 146.8 $ 202.4 Acquisition related expenses 3.4 — Amortization of intangible assets resulting from
Slide 21: Non-GAAP Financial Measures
Non-GAAP Financial Measures Net Leverage Ratio (Millions of US dollars) March 31 FY26 Numerator: Total principal amount of debt $ 4,567.2 Less: Cash and cash equivalents (269.2) Add: Finance leases 103.5 Net Debt $ 4,401.5 Denominator: (Trailing 12 months) Operating income $ 447.6 Asbestos related e
Slide 22: Non-GAAP Financial Measures
Non-GAAP Financial Measures Adjusted Return on Capital Employed ("Adjusted ROCE") (Millions of US dollars) Full Year Ended March 31 FY26 FY25 Numerator Net income $ 104.0 $ 424.0 Interest, net 231.1 10.3 Other income, net 9.8 0.2 Income tax expense 102.7 221.4 Asbestos related expenses and adjustmen
Slide 23: Non-GAAP Financial Measures
Non-GAAP Financial Measures AZEK Adjusted EBITDA and Adjusted EBITDA margin1 Organic James Hardie (Excluding AZEK) Adjusted EBITDA and Adjusted EBITDA margin (Millions of US dollars) Three Months Ended March 31 (Millions of US dollars) Three Months Q4 FY26 Q4 FY25 Ended March 31 AZEK net income $ 16
Slide 24: Definitions
Definitions AICF – Asbestos Injuries Compensation Fund Ltd ANZ – Australia & New Zealand ASP – Average net sales price ("ASP") – Total net sales of fiber cement and fiber gypsum products, excluding siding accessory sales, and Deck, Rail & Accessories net sales divided by the total volume of products
Slide 25: Investor Day Save the Date
Save the Date Investor Day Tuesday, September 15th | New York City A formal invitation to register for in-person or virtual attendance will be provided in the coming weeks. Due to space availability, the number of in-person participants will be limited and advanced registration is required. Q4 FY26
James Hardie Industries — Q4 2026 Earnings Presentation on 6ix