James Hardie Half-Year Report 2023

• Global Net Sales +10% to US$997.6 Million for the Second Quarter
• Adjusted Net Income +13% to US$175.8 Million for the Second Quarter
• Adjusts Fiscal Year 2023 Adjusted Net Income Guidance Range to US$650 Million and US$710 Million
• Announces New Capital Allocation Framework, including US$200 Million share buyback

Speaking to the second quarter results, James Hardie CEO Aaron Erter said, “I am proud to report that the James Hardie team has continued to deliver strong execution of our global strategy that produced record Q2 results. The team’s performance is reflected in strong Price/Mix growth in all three regions, including North America Price/Mix growth of +14%, Asia Pacific Price/Mix growth of +11% and Europe Price/Mix growth of +12%. The team’s success in driving high value product growth is underpinned by our superior value proposition. We are homeowner focused, customer and contractor driven, providing the entire value chain with world class products and services.”