James Hardie Full-Year Report 2022

• Global Net Sales +20% to US$968.2 Million for the Fourth Quarter
• Adjusted Net Income +42% to US$177.5 Million for the Fourth Quarter
• Global Net Sales +24% to US$3.6 Billion for the Fiscal Year
• Adjusted Net Income +36% to US$620.7 Million for the Fiscal Year
• Reaffirms Fiscal Year 2023 Adjusted Net Income Guidance Range of US$740 Million and US$820 Million

Speaking to the fourth quarter result, James Hardie Interim CEO Harold Wiens said, “I am delighted to report that the James Hardie team has continued to deliver strong execution of our global strategy. This is reflected in strong Price/Mix growth in all three regions, including North America Price/Mix growth of +12%, Asia Pacific Price/Mix growth of +11% and Europe Price/Mix growth of +14%. The global team’s success in delivering high value products, is the result of (1) enabling our customers to make more money by selling more James Hardie products and, (2) marketing directly to the homeowners to create demand of our high value products through our customers.