Exhibit 99.2 [JAMES HARDIE LETTERHEAD] RESULTS AT A GLANCE JAMES HARDIE 2ND QUARTER AND HALF YEAR - 30 SEPTEMBER 2002
2ND QTR FY03 HALF YEAR FY03 JAMES HARDIE Net Sales Up 34% to US$ 207.6 Up 34% to US$ 407.8 EBIT Up 104% to US$ 36.4 Up 148% to US$ 72.3 Operating Profit Up 124% to US$ 23.5 Up 230% to US$ 46.5 Net Operating Profit(1) Up 137% to US$ 24.6 Up 958% to US$ 100.5 EBIT Margin(2) Up 0.2 pts to 17.5% Up 4.6 pts to 17.8% USA FIBRE CEMENT Net Sales Up 36% to US$ 154.7 Up 36% to US$ 307.2 EBIT Up 44% to US$ 40.7 Up 52% to US$ 79.5 EBIT Margin Up 1.6pts to 26.3% Up 2.6 pts to 25.9% Volume Up 34% to 337.7mmsf Up 36% to 677.5mmsf ASIA PACIFIC FIBRE CEMENT Net Sales Up 25% to US$ 50.4 Up 26% to US$ 96.7 EBIT Up 33% to US$ 8.9 Up 72% to US$ 17.2 EBIT Margin Up 1.0 pt to 17.7% Up 4.8 pts to 17.8% Volume Up 14% to 95.5mmsf Up 16% to 182.9mmsf KEY RATIOS Earnings Per Share (Basic) 10.2cents EBIT/Sales 17.8% EBIT/Assets 14.8% Return on Shareholders' Funds(1) 35.1% Return on Capital Employed 26.3% Gearing(1) (24.1%) Net Interest Cover 13.4x ECONOMIC PROFIT US$25.6
All comparisons are against the same quarter or half year of the previous fiscal year. All dollar amounts are in US$ millions. Results are for continuing businesses only unless otherwise stated. - -------- (1) Includes discontinued operations (2) Before restructuring and other operating expenses