Market Overview

James Hardie Industries plc Announces New Reporting Segments

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James Hardie Industries plc (ASX: JHX) ("James Hardie") announced today
that it will change how it presents its financial results for its
reporting segments effective for the quarter ended 30 June 2018.

The financial results for the quarter ended 30 June 2018 will be
released on 10 August 2018. The new segments will be North America
Fiber Cement
, Asia Pacific Fiber Cement, Europe
Building Products,
Other Businesses and Research
and Development
as follows:

  • The North America Fiber Cement segment manufactures fiber
    cement interior linings and exterior siding products in the United
    States. The segment sells these products and related accessories in
    the United States and Canada;
  • The Asia Pacific Fiber Cement segment manufactures fiber cement
    interior and exterior products and systems for internal and external
    building construction applications in Australia, New Zealand and the
    Philippines. The segment sells these products and related accessories
    primarily in Australia, New Zealand and the Philippines;
  • The Europe Building Products segment manufactures fiber gypsum
    boards and cement bonded boards. The segment sells these products and
    fiber cement products manufactured in the United States, along with
    related accessories primarily in Europe;
  • The Other Businesses segment includes certain non-fiber cement
    manufacturing and sales activities in North America, including
    fiberglass windows; and
  • The Research and Development segment represents the cost
    incurred by the research and development centers.

The following segments had no change: (1) North America Fiber Cement,
(2) Other Businesses and (3) Research and Development. The below is a
comparison of the new and changed reporting segments compared to the
relevant prior reporting segments:

 
Prior Segments   New Segments
Segment: International Fiber Cement

Includes: Australia, New Zealand, the Philippines and
Europe fiber cement products

Segment: Asia Pacific Fiber Cement

Includes: Australia, New Zealand and the Philippines fiber
cement products

Segment: Not applicable

Includes: Not applicable

  Segment: Europe Building Products

Includes: Europe fiber cement, fiber gypsum and cement
bonded boards

 

Beginning with the financial documents prepared as of and for the
quarter ended 30 June 2018, any historical segment data included in
those documents will be revised to be consistent with the new reportable
segment structure. The change in reportable segments has no effect on
the Company's financial position, results of operations or cash flows.

The following tables reflect the financial information by quarter and
for the full year ended 31 March 2018 under the new reporting segment
structure:

Asia Pacific Fiber Cement Segment

Operating results for the Asia Pacific Fiber Cement segment were as
follows:

 

APAC FC Segment

US$ Millions

                   
Q1

FY18

  Q2

FY18

  Q3

FY18

  Q4

FY18

 

Full Year Ended
FY18

Volume (mmsf) 120.1 130.0 123.0 121.6 494.7
 
Net Sales (US$ Millions) 101.6 113.4 105.3 105.1 425.4
EBIT (US$ Millions) 26.4 30.5 24.9 26.3 108.1

EBIT Margin (%)

26.0   26.9   23.6   25.0   25.4
 

Europe Building Products Segment

Operating results for the Europe Building Products segment were as
follows:

 

Europe BP Segment

US$ Millions

   

 

Q1

FY18

  Q2

FY18

  Q3

FY18

  Q4

FY18

 

Full Year Ended
FY18

Volume (mmsf) 8.6 9.4 8.7 7.3 34.0
 
Net Sales (US$ Millions) 9.2 10.5 9.2 7.4 36.3
EBIT (US$ Millions) (0.2) 0.3 0.5 (0.3) 0.3

EBIT Margin (%)

(2.2)   2.9   5.4   (4.1)   0.8
 

Note that the above results include the Europe Fiber Cement operations
and do not include historical data for the acquired Fermacell
operations. Historical data, for fiscal year 2018, inclusive of the
acquired Fermacell operations, will be included in the footnotes to the
financial statements for the quarter ended 30 June 2018.

Forward Looking Statements

This Media Release 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, on Forms 20-F and
6-K, in its annual reports to shareholders, in offering circulars,
invitation memoranda and prospectuses, in media releases and other
written materials and in oral statements made by the Company's officers,
directors or employees to analysts, institutional investors, existing
and potential lenders, representatives of the media and others.
Statements that are not historical facts are forward-looking statements
and such forward-looking statements are statements made pursuant to the
Safe Harbor Provisions of the Private Securities Litigation Reform Act
of 1995.

Examples of forward-looking statements include:

  • statements about the Company's future performance;
  • projections of the Company's results of operations or financial
    condition;
  • statements regarding the Company's plans, objectives or goals,
    including those relating to strategies, initiatives, competition,
    acquisitions, dispositions and/or its products;
  • expectations concerning the costs associated with the suspension or
    closure of operations at any of the Company's plants and future plans
    with respect to any such plants;
  • expectations concerning the costs associated with the significant
    capital expenditure projects at any of the Company's plants and future
    plans with respect to any such projects;
  • expectations regarding the extension or renewal of the Company's
    credit facilities including changes to terms, covenants or ratios;
  • expectations concerning dividend payments and share buy-backs;
  • statements concerning the Company's corporate and tax domiciles and
    structures and potential changes to them, including potential tax
    charges;
  • statements regarding tax liabilities and related audits, reviews and
    proceedings;
  • statements regarding the possible consequences and/or potential
    outcome of legal proceedings brought against us and the potential
    liabilities, if any, associated with such proceedings;
  • expectations about the timing and amount of contributions to AICF, a
    special purpose fund for the compensation of proven Australian
    asbestos-related personal injury and death claims;
  • expectations concerning the adequacy of the Company's warranty
    provisions and estimates for future warranty-related costs;
  • statements regarding the Company's ability to manage legal and
    regulatory matters (including but not limited to product liability,
    environmental, intellectual property and competition law matters) and
    to resolve any such pending legal and regulatory matters within
    current estimates and in anticipation of certain third-party
    recoveries; and
  • statements about economic conditions, such as changes in the US
    economic or housing market conditions or changes in the market
    conditions in the Asia Pacific region, the levels of new home
    construction and home renovations, unempl
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