EXHIBIT 99.2
3rd Quarter and Year to Date – 31 December 2002
| 3rd Qtr FY03 | YTD FY03 | |||
| James Hardie | ||||
| Net Sales | Up 36% to US$197.4 | Up 35% to US$605.2 | ||
| EBIT2 | Up 111% to US$29.9 | Up 88% to US$102.2 | ||
| Operating Profit | Up 3975% to US$15.5 | Up 353% to US$62.0 | ||
| Net Operating Profit1 | Up 237% to US$15.5 | Up 723% to US$116.0 | ||
| EBIT Margin2 | Up 5.3 pts to 15.1% | Up 4.8 pts to 16.9% | ||
| USA Fibre Cement | ||||
| Net Sales | Up 43% to US$146.3 | Up 38% to US$453.5 | ||
| EBIT2 | Up 73% to US$37.8 | Up 58% to US$117.3 | ||
| EBIT Margin2 | Up 4.5 pts to 25.8% | Up 3.2 pts to 25.9% | ||
| Volume | Up 31% to 298.2mmsf | Up 35% to 975.7mmsf | ||
| Asia Pacific Fibre Cement | ||||
| Net Sales | Up 20% to US$49.2 | Up 24% to US$145.9 | ||
| EBIT | Up 38% to US$8.0 | Up 60% to US$25.2 | ||
| EBIT Margin | Up 2.2 pts to 16.3% | Up 3.9 pts to 17.3% | ||
| Volume | Up 17% to 93.4mmsf | Up 16% to 276.3mmsf | ||
| Key Ratios | ||||
| Earnings Per Share (Basic) | 13.6cents | |||
| EBIT/Sales | 17.1% | |||
| EBIT/Assets | 17.3% | |||
| Return on Shareholders Funds1 | 36.3% | |||
| Return on Capital Employed | 23.4% | |||
| Gearing1 | 14.2% | |||
| Net Interest Cover | 5.8x | |||
| Economic Profit | US$37.3 |
All comparisons are against the same quarter or nine months of the previous
fiscal year.
All dollar amounts are in US$ millions.
Results are for continuing businesses only unless otherwise stated.
Note: This document should be read in conjunction with other 3rd quarter and YTD results materials including a Media Release, a Management’s Discussion and Analysis, a Management Presentation and a Finance Report.
| 1 | Includes discontinued operations | |
| 2 | Before restructuring and other operating expenses |