| Summary We have a strong, well established, growth focused and high return business We have a
sustainable competitive advantage Our model for strong growth is based on: Large market opportunity
Superior value proposition Proprietary and/or protected technology Upsides due to current R&D
investments Significant organisational advantages Focused strategy and organisational effort Scale
Strong cash flows have been grounded and the company is in a sound financial position (share buy
back announced) Accounting results subject to volatility — FX impact on A$ asbestos liability 43
Disclaimer This Management Presentation contains forward-looking statements. We may from time to
time make forward-looking statements in our periodic reports filed with or furnished to the United
States Securities and Exchange Commission on Forms 20-F and 6-K, in our annual reports to
shareholders, in offering circulars and prospectuses, in media releases and other written materials
and in oral statements made by our officers, directors or employees to analysts, institutional
investors, representatives of the media and others. Examples of forward-looking statements include:
expectations about the timing and amount of payments to the Asbestos Injuries Compensation Fund
(AICF), a special purpose fund for the compensation of proven asbestos-related personal injury and death claims; expectations with respect
to the effect on our financial statements of those payments; statements as to the possible
consequences of proceedings brought against us and certain of our former directors and officers by
the Australian Securities and Investments Commission; expectations that our credit facilities will be extended or
renewed; projections of our operating results or financial condition; statements regarding our
plans, objectives or goals, including those relating to competition, acquisitions, dispositions and
our products; statements about our future performance; and statements about product or
environmental liabilities. Words such as “believe,” “anticipate,” “plan,” “expect,” “intend,”
“target,” “estimate,” “project,” “predict,” “forecast,” “guideline,” “should,” “aim” and similar
expressions are intended to identify forward-looking statements but are not the exclusive means of
identifying such statements. Forward-looking statements involve inherent risks and uncertainties.
We caution you that a number of important factors could cause actual results to differ materially
from the plans, objectives, expectations, estimates and intentions expressed in such
forward-looking statements. These factors, some of which are discussed under “Risk Factors”
beginning on page 6 of our Form 20-F filed on 6 July 2007 with the Securities and Exchange
Commission, include but are not limited to: all matters relating to or arising out of the prior
manufacture of products that contained asbestos by current and former James Hardie subsidiaries;
required contributions to the AICF and the effect of foreign exchange on the amount recorded in our
financial statements as an asbestos liability; compliance with and changes in tax laws and
treatments; competition and product pricing in the markets in which we operate; the consequences of
product failures or defects; exposure to environmental, asbestos or other legal proceedings;
general economic and market conditions; the supply and cost of raw materials; the success of our
research and development efforts; our reliance on a small number of product distributors;
compliance with and changes in environmental and health and safety laws; risks of conducting
business internationally; compliance with and changes in laws and regulations; foreign exchange
risks; the successful implementation of new software systems; and the effect of natural disasters.
We caution you that the foregoin
g list of factors is not exhaustive and that other risks and
uncertainties may cause actual results to differ materially from those in forward-looking
statements. Forward-looking statements speak only as of the date they are made. 44_ |
