JHX Investor Day 2024 Presentation – Day Two
Announces Aspirational Goal Of ~25 Million Homes With James Hardie Siding By 2035
Shares Long-Term Financial Value Creation Framework
Announces Increased Share Buyback Program
Speaking to the company’s long-term aspirations,
“Our ability to expand the reach of our products through capitalizing on underlying market growth and the material conversion opportunity, coupled with gaining share through our superior value proposition across the value chain allows us to aspire to double-digit revenue growth over the long-term”.
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To support capturing the opportunity inherent in these long-term aspirations:
- The company expects to increase nameplate capacity to ~8bnsf from ~5.3bnsf, including Prattville sheet machines 3 and 4, subject to ongoing market conditions.
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The James Hardie Board has approved to proceed with a
Brownfield expansion at theCleburne facility inTexas . This project will add 600 million standard feet of capacity through the addition of two sheet machines. On completion, the expandedCleburne site will operate with five sheet machines with nameplate capacity of ~1.2 billion standard feet.
James Hardie CFO
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Specifically, management announced the following financial aspirations:
- To expand North America EBITDA margins by 500bps+ versus the FY24 baseline.
- To triple the company’s North American adjusted EBITDA versus the FY24 baseline.
Today,
Vice President, Investor Relations
This announcement has been authorized for release by the CEO Mr.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240624119709/en/
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