Boral : First Half FY2022 Results presentation slides

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Agenda

Zlatko

Zlatko

01

Highlights and overview

04

Priorities and outlook

Todorcevski

Todorcevski

ersonal

05

02

Financial performance

Tino La Spina

Supplementary information

03

Financial Framework

Benefit of revenue growth and Transformation program on earnings

Significant progress to transform Boral and

more than offset by impact of construction shutdowns and higher costs

build a stronger business

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Continuing operations

Delivering strategic priorities

Group

$1.0b statutory NPAT

$1.5b revenue, up 1%, and up

 Successfully completed portfolio realignment to

focus on Australian construction materials

3% on a comparable basis2



Returned $3b of surplus capital to shareholders

$145m NPAT1, down 12%

$78m EBIT1 excluding property,



Delivered Transformation benefits of $22m in 1H

use

down 23%

with annualised run rate of $31m

$238m EBIT1, down 10%

7.3% ROFE3, excluding



Strengthened network position

o acquisition of Hillview Sands, Vic enhances west

property, down from 9.4%

$185m cash from operations,

of Melbourne sand/quarries integrated position

$86m cash from operations,

o commissioning new Geelong clinker grinding and

down 52%

storage facility, and Tarong fly ash classifier

ersonal

down 22%

o strategic land acquisition at Dunmore, NSW and

13.1¢ adjusted EPS1

$33m adverse EBIT impact from

agreed to acquire land at Badgerys Creek, NSW

$2.72 return of surplus capital



Ambitious 2030 emissions reduction targets

construction shutdowns, excluding

approved by Science Based Targets initiative

impact on Transformation

1. Excluding significant items

2. After adjusting for revenue for an Asphalt JV now equity accounted, previously proportionally consolidated

3

3. ROFE is six month EBIT before significant items and Property on proportional funds employed excluding net Property assets (average of opening and closing funds employed divided by two)

Continuing operations

Recordable injury frequency rate (RIFR)1

Serious harm incident

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frequency rates (SHIFR)2

 RIFR1 of 9.8, down 18% compared to 1H FY21

MTIFR

Potential SHIFR

 Increase in ASHIFR to 0.5, from 0.2 in 1H FY21

LTIFR

due to four injuries, while PSHIFR increased by

use

11.9

11.9

44% to 7.8, reflecting continued strong reporting

11.5



In 1H FY22, we launched our Life Saving

7.8

10.4

9.8

5.5

5.4

Commitments, which focus on key HSE risks

FY20

FY21

1HFY21 1HFY22

 Efforts to minimise risk of spreading COVID

8.4

remain a key priority including hygiene practices,

8.9

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social distancing, tracking and tracing, rapid

8.0

7.1

Actual SHIFR

antigen testing and employee wellbeing

 Serious environmental incident frequency rate

(SEIFR)3 of 0.2, compared with 0.3 in 1H FY21

3.0

3.5

2.7

0.3

0.2

0.5

2.4

0.1

FY20

FY21

1H FY21

1H FY22

FY20

FY21

1HFY21 1HFY22

1. RIFR per million hours worked is made up of lost time injury frequency rate (LTIFR) and medical treatment injury frequency rate (MTIFR) for controlled businesses

2. Serious harm incident frequency rates (PSHIFR and ASHIFR) per million hours worked for employees and contractors in controlled businesses

4

3.

Serious environmental incident frequency rate (SEIFR) is defined as Level 3 (or greater) environmental, regulatory or community incident rate (per million hours worked)