Exhibit 99.5 Q1 FY21 MANAGEMENT PRESENTATION 11 August 2020
James Hardie Q1 FY21 Results CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS This Management Presentation contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. James Hardie Industries plc (the “Company”) may from time to time make forward-looking statements in its periodic reports filed with or furnished to the Securities and Exchange Commission on Forms 20-F and 6-K, in its annual reports to shareholders, in media releases and other written materials and in oral statements made by the Company’s officers, directors or employees to analysts, institutional investors, representatives of the media and others. Words such as “believe,” “anticipate,” “plan,” “expect,” “intend,” “target,” “estimate,” “project,” “predict,” “forecast,” “guideline,” “aim,” “will,” “should,” “likely,” “continue,” “may,” “objective,” “outlook” and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. These forward-looking statements are based upon management's current expectations, estimates, assumptions and beliefs concerning future events and conditions. Readers are cautioned not to place undue reliance on any forward- looking statements. Forward-looking statements are necessarily subject to risks, uncertainties and other factors, many of which are unforeseeable and beyond the Company’s control. Many factors could cause actual results, performance or achievements to be materially different from those expressed or implied in this Management Presentation, including, among others, the risks and uncertainties set forth in Section 3 “Risk Factors” in James Hardie’s Annual Report on Form 20-F for the year ended 31 March 2020; changes in general economic, political, governmental and business conditions globally and in the countries in which the Company does business, including the impact of COVID-19; changes in interest rates; changes in inflation rates; changes in exchange rates; the level of construction generally; changes in cement demand and prices; changes in raw material and energy prices; changes in business strategy and various other factors. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein. James Hardie assumes no obligation to update or correct the information contained in this Media Presentation except as required by law. USE OF NON-GAAP FINANCIAL INFORMATION; AUSTRALIAN EQUIVALENT TERMINOLOGY This Management Presentation includes financial measures that are not considered a measure of financial performance under generally accepted accounting principles in the United States (US GAAP). These financial measures are designed to provide investors with an alternative method for assessing our performance from on-going operations, capital efficiency and profit generation. Management uses these financial measures for the same purposes. These financial measures are or may be non-US GAAP financial measures as defined in the rules of the U.S. Securities and Exchange Commission and may exclude or include amounts that are included or excluded, as applicable, in the calculation of the most directly comparable financial measures calculated in accordance with US GAAP. These non-GAAP financial measures should not be considered to be more meaningful than the equivalent US GAAP measure. Management has included such measures to provide investors with an alternative method for assessing its operating results in a manner that is focused on the performance of its ongoing operations and excludes the impact of certain legacy items, such as asbestos adjustments. Additionally, management uses such non-GAAP financial measures for the same purposes. However, these non-GAAP financial measures are not prepared in accordance with US GAAP, may not be reported by all of the Company’s competitors and may not be directly comparable to similarly titled measures of the Company’s competitors due to potential differences in the exact method of calculation. For additional information regarding the non-GAAP financial measures presented in this Management Presentation, including a reconciliation of each non-GAAP financial measure to the equivalent US GAAP measure, see the slide titled “Non-US GAAP Financial Measures” included in the Appendix to this Management Presentation. In addition, this Management Presentation includes financial measures and descriptions that are considered to not be in accordance with US GAAP, but which are consistent with financial measures reported by Australian companies, such as operating profit, EBIT and EBIT margin. Since the Company prepares its Consolidated Financial Statements in accordance with US GAAP, the Company provides investors with a table and definitions presenting cross-references between each US GAAP financial measure used in the Company’s Consolidated Financial Statements to the equivalent non-US GAAP financial measure used in this Management Presentation. See the section titled “Non-US GAAP Financial Measures” included in the Appendix to this Management Presentation. Page 2
James Hardie Q1 FY21 Results AGENDA • Strategy Update • Q1 FY21 Financial Results Dr. Jack Truong Chief Executive Officer • Summary and Guidance • Questions and Answers Jason Miele Chief Financial Officer Page 3
STRATEGY UPDATE
James Hardie Q1 FY21 Results GLOBAL STRATEGY: ON TRACK AND ACCELERATING Year 1: FY20 Year 2: FY21 Year 3: FY22 Begin the Shift from Big, Accelerate Through Crisis Create New SMALL, to Small, BIG Company Growth Platforms . Develop World Class Manufacturing . Engage and integrate with our . Continue to execute and deliver capabilities via LEAN customers consistent, profitable growth across all 3 regions . Become more customer focused via . Create a connection from our Push/Pull strategy customers back to JH operations . Introduce and commercialize . Deliver consistent financial results, through the supply chain market driven innovations quarter on quarter . Global Pandemic helps us accelerate: FY20 Results: - Market share gain 7+% PDG and 26% Adjusted EBIT Margin - Working Capital Improvements in North America . Delivered consistent results in Q1 Adjusted NOPAT +17% YoY FY21: Operating Cash Flow +48% YoY Strong growth above market and 29% Adjusted EBIT Margin in North America Adjusted NOPAT in line with pcp Operating Cash Flow +35% vs. pcp Transform James Hardie From a Big SMALL Company, to a Small BIG Company Integrated and Connected Management System Page 5
James Hardie Q1 FY21 Results FY21 END TO END SUPPLY CHAIN INTEGRATION Commercial Quality, Cost, Customers and Service End-Users R&D Manufacturing & Logistics Deliver what our customers need and want by integrating their demand signal and leveraging our scale to grow together Page 6
James Hardie Q1 FY21 Results FY21 BEGIN SUPPLY CHAIN INTEGRATION WITH CUSTOMERS Global Inventory (US$ millions) • Seamlessly service our customers through 310 305.1 the COVID-19 pandemic 300 290 • Service metrics improved in all three 280 regions during the quarter while reducing 270 258.5 inventory by US$46.6 million (-15%) 260 250 240 230 31 Mar 2020 30 Jun 2020 Strong Start to Supply Chain Engagement and Integration with our Customers Page 7
James Hardie Q1 FY21 Results FY21 WORKING CAPITAL IMPROVEMENTS • Operating Cash Flow increased to US$189.2 million (+35%) in Q1FY21 versus pcp • Best-in-class customer service throughout the pandemic helped to drive share gain, while improving working capital • Improved working capital by US$79.3 million since 31 March 2020 • US$693.1 million of liquidity at 30 June 2020 • Increased US$183.3 million (+36%) since 31 March 2020 • Increased US$228.9 million (+49%) since 31 December 2019 • Leverage ratio of 1.65x at 30 June 2020, improved from 1.9x at 31 March 2020 Engaged and Integrated with our Customers to Drive Sales Growth and Share Gain Page 8
Q1 FY21 FINANCIAL RESULTS
James Hardie Q1 FY21 Results GROUP RESULTS OVERVIEW Q1'21 • Volume decreased 5% in the quarter 911.9mmsf Sales Volume • Adjusted EBIT flat in the quarter, driven by: -5% ◦ North America increased US$17.4 million (+15%) US$626.3 M ◦ APAC decreased A$1.8 million (-5%) Net Sales -5% ◦ Europe decreased €5.1 million (-72%) ◦ Stock compensation expense increased US$7.1 million US$124.9 M Adjusted EBIT1 FLAT • Adjusted NOPAT in-line with prior year Adjusted Net Operating US$89.3 M • Slight increase in Adjusted EBIT Profit2 -1% • Lower interest expense • Offset by higher Adjusted Effective Tax Rate US$189.2 M Operating Cash Flow 35% • Operating cash flow increased US$49.0 million (+35%) driving improved liquidity and financial flexibility 1 Excludes asbestos related expenses and adjustments and restructuring expenses 2 Excludes asbestos related expenses and adjustments, tax adjustments and restructuring expenses Strong Cash Flow Driven by Robust Earnings Page 10
James Hardie Q1 FY21 Results NORTH AMERICA SUMMARY Q1'21 • Volume and Net Sales flat versus pcp 609.7 mmsf Sales Volume FLAT • Exteriors volume increased 1% • Continued to gain share through customer engagement and integration US$451.8 M Net Sales FLAT • Interiors volume decreased 11% US$130.9 M • Adjusted EBIT growth of 15% driven by: Adjusted EBIT1 15% • Lean manufacturing savings • Lower freight and pulp costs • Lower SG&A 29.0 % Adjusted EBIT Margin1 3.9 pts • Adjusted EBIT margin improved from 25.1% to 29.0% 1 Excludes restructuring expenses Continued Growth Above Market and Outstanding Adjusted EBIT Margin (29%) Page 11
James Hardie Q1 FY21 Results APAC SUMMARY Q1'21 • Continued growth above market in Australia, volume 110.0 mmsf +1% Sales Volume -18% • Outstanding Australia Adjusted EBIT margin, A$138.7 M comparable to North America Net Sales -10% • Volume, gross profit and EBIT unfavorably impacted by A$33.6 M government imposed COVID-19 lockdowns in the Adjusted EBIT1 -5% Philippines and New Zealand 24.4 % • Adjusted EBIT Margin of 24.4% in the top half of long Adjusted EBIT Margin1 1.4 pts term target range 1 Excludes restructuring expenses Strong Australia Business Performance Page 12
James Hardie Q1 FY21 Results EUROPE SUMMARY Q1'21 • Net Sales decreased 12% due to impact of COVID-19 192.2 mmsf pandemic, specifically UK and France government imposed Sales Volume -9% shutdowns €75.4 M ◦ Fiber Cement Net Sales: decreased 19% Net Sales -12% ◦ Fiber Gypsum Net Sales: decreased 11% €2.0 M Adjusted EBIT1 -72% • Adjusted EBIT Margin of 2.9% driven by higher production and distribution costs 2.9 % Adjusted EBIT Margin1 -5.3 pts • Unfavorable absorption of manufacturing costs on lower production volumes 2.9 % EBIT Margin excluding2 • Unfavorable mix impact driven by reduction in Fiber Cement -7.8 pts 1 Excludes restructuring expenses 2 Excludes restructuring expenses in FY 21 and costs associated with the Fermacell acquisition in FY20 Refocus on High Margin Products to Improve Performance Page 13
James Hardie Q1 FY21 Results GENERAL CORPORATE COSTS RESEARCH & DEVELOPMENT 1 Excludes asbestos related expenses and adjustments 1 Excludes restructuring expenses • Stock compensation expense • Customer Driven Innovation remains increased US$7.1 million in Q1 FY21 core strategic pillar • Increase in stock compensation • R&D relatively flat versus pcp expense driven by share price accretion from 31 March 2020 to 30 • Product development R&D expenses June 2020 of US$2.0 million included within the NA, APAC and EU segments, increased 4.8% versus pcp Page 14
James Hardie Q1 FY21 Results GROUP RESULTS US$ % • Adjusted EBIT up slightly US$ Millions Q1'21 Q1'20 Change Change • Strong North America Adjusted EBIT performance, EBIT North America Fiber Cement1 $ 130.9 $ 113.5 17.4 15% up US$17.4 million and 15% 1 Asia Pacific Fiber Cement 22.3 24.8 (2.5) (10%) • Offset by lower APAC and Europe Adjusted EBIT Europe Building Products1 2.4 7.9 (5.5) (70%) Other Businesses - 0.4 (0.4) and higher stock compensation expense Research & Development1 (6.0) (6.2) 0.2 3% General Corporate2 (24.7) (16.0) (8.7) (54%) • Net interest expense down 9% due to lower Adjusted EBIT 124.9 124.4 0.5 - average RCF balance driven by strong cash flow Adjusted interest, net2 (12.7) (13.9) 1.2 9% Other income (expense) 0.2 (0.2) 0.4 Adjusted operating profit before income tax 112.4 110.3 2.1 2% • Adjusted ETR up 240 bps driven by geographic Adjusted income tax expense3 (23.1) (20.1) (3.0) (15%) mix of earnings Adjusted net operating profit $ 89.3 $ 90.2 (0.9) (1%) Adjusted effective tax rate 20.6% 18.2% • Adjusted EBIT and Adjusted NOPAT exclude US$11.1 million of restructuring expenses 1 Excludes restructuring expenses recorded in Q1FY20. These expenses were 2 Excludes Asbestos related expenses and adjustments 3 Includes tax adjustments related to the amortization benefit of certain US intangible assets, solely related to severance costs associated asbestos and other tax adjustments with the restructuring actions announced on 5 May 2020 Adjusted NOPAT in Line With Last Year Page 15
James Hardie Q1 FY21 Results CASH FLOWS CAPITAL EXPENDITURES US$ Millions FY21 FY20 Change % a a a a Cash provided by operations 189.2 140.2 35 % 1 Cash used in investing (6.3) (43.3) (85 %) Cash used in financing (130.1) (80.1) 60 % Higher operating cash flow, up 35% • Integrated with our customers to drive sales and share gain, while integrating our supply chain to reduce inventory CAPEX spend for the quarter of US$27.1 million • Working capital reductions totaling US$79.3 million since 31 March 2020 • Prattville, AL, USA greenfield expansion expected to be commissioned in the fourth quarter of FY21 Lower cash used in investing activities • Carole Park, Australia brownfield expansion • Lower capital expenditures in Q1 FY21 expected to be commissioned in the fourth quarter FY21 Higher cash used in and financing activities • Higher repayment of debt balances in the current • Capital Expenditures will be approximately US$110 quarter driven by strong operational cash flows million in FY21 Page 16
James Hardie Q1 FY21 Results LIQUIDITY PROFILE AT 30 JUNE 2020 Strong balance sheet • US$693.1 million of liquidity at 30 June 2020 ◦ US$197.8 million cash and US$495.3 million available on RCF • US$1,036.6 million net debt3 Corporate debt structure 2 2 • US$400 million 4.75% senior unsecured notes maturing 2025 • US$400 million 5.00% senior unsecured notes maturing 2028 • €400 million (US$449.6 million)2 3.625 % senior unsecured notes, maturing 2026 • US$500 million unsecured revolving credit facility, maturing 2022 • Do not anticipate accessing accordion feature of revolving credit facility 1. Incremental liquidity of up to US$250 million may be accessed via an accordion feature, which is provided for under the terms of the syndicated revolving credit facility agreement, but not credit approved Leverage 2. Based on exchange rate as of 30 June 2020 3. Includes debt issuance costs (US$15.2 million) • ~1.65x leverage ratio Healthy Liquidity Position Page 17
James Hardie Q1 FY21 Results CAPITAL MANAGEMENT We periodically review our capital structure and capital allocation objectives and expect the following capital management focus through the end of FY21: • Maintain flexibility through the market volatility of the pandemic; • Invest in capacity expansion to support organic growth; • Invest in market led innovation to drive organic growth; • Continued focus on reduction of leverage ratio; • Flexibility to reduce gross debt; and • Continued suspension of ordinary dividend payments. Page 18
SUMMARY AND GUIDANCE
James Hardie Q1 FY21 Results GROWTH ABOVE MARKET AND STRONG RETURNS Growth Above Market AND Strong Returns • Continued focus on customer • North America Adjusted EBIT engagement to drive market o Increased 21% in FY20 share gains o Increased 15% in Q1FY21 • North America Exteriors volume • NA Adjusted EBIT Margin o 7+% of PDG in FY20 o 25.9% in FY20 o +1% growth in Q1FY21 o 29.0% in Q1FY21 • Australia volume • APAC Adjusted EBIT Margin 22.7% in FY20 o 3% growth above market in o FY20 o 24.4% in Q1FY21 o +1% growth in Q1FY21 • Continued, positive momentum in LEAN savings in FY21 Page 20
James Hardie Q1 FY21 Results GUIDANCE Q2 FY21 Guidance • North America exteriors volume growth of between 7% and 11% • North America Adjusted EBIT margin between 27% and 29% Full-Year FY21 Guidance • Management expects full year FY21 Adjusted net operating profit1 to be between US$330 million and US$390 million • The comparable full year Adjusted net operating profit for FY20 was US$352.8 million James Hardie continues to assess the impacts and the uncertainties of the COVID-19 pandemic on the geographic locations in which we operate, as well as its impact on the new construction and repair and remodel building markets. The COVID-19 pandemic remains volatile and continues to evolve, and the full impact of the pandemic on James Hardie’s business and future financial performance remains uncertain. James Hardie’s guidance is based on current estimates and assumptions and is subject to a number of known and unknown uncertainties and risks, including those related to the COVID-19 pandemic and set forth in our Media Release in “Forward-Looking Statements.” 1 Adjusted Net Operating Profit: In FY21 excludes asbestos related expenses and adjustments, and restructuring expenses Page 21
QUESTIONS
APPENDIX
James Hardie Q1 FY21 Results DEPRECIATION AND AMORTIZATION US$ Millions Three Months Ended 30 June Q1'21 Q1'20 Depreciation and amortization North America Fiber Cement $ 21.2 $ 22.0 Asia Pacific Fiber Cement 2.8 3.0 Europe Building Products 6.1 5.4 Other Businesses - 0.1 Research and Development 0.3 0.2 General Corporate 0.8 0.9 Total depreciation and amortization $ 31.2 $ 31.6 Page 24
James Hardie Q1 FY21 Results ASBESTOS CLAIMS DATA Quarter ended 30 June 2020 • Net cash outflow was 5% below actuarial expectations • Gross cash outflow was 6% below actuarial expectations • Claims received were flat compared to actuarial estimates and pcp • Number of claims settled were 20% above pcp • Average claim settlement was 25% below actuarial estimates and 16% below pcp 1 Average claim settlement is derived as the total amount paid divided by the number of non-nil claims Page 25
James Hardie Q1 FY21 Results NON-US GAAP FINANCIAL MEASURES AND TERMS This Management Presentation forms part of a package of information about the company’s results. It should be read in conjunction with the other parts of this package, including the Management’s Analysis of Results, Media Release and Condensed Consolidated Financial Statements Definitions EBIT – Earnings before interest and taxes EBIT margin – EBIT margin is defined as EBIT as a percentage of net sales Sales Volumes mmsf – million square feet, where a square foot is defined as a standard square foot of 5/16” thickness msf – thousand square feet, where a square foot is defined as a standard square foot of 5/16” thickness Non-financial Terms AFFA – Amended and Restated Final Funding Agreement AICF – Asbestos Injuries Compensation Fund Ltd Legacy New Zealand weathertightness claims ("New Zealand weathertightness") – Expenses arising from defending and resolving claims in New Zealand that allege generic defects in certain fiber cement products and systems, breach of duties including the failure to conduct appropriate testing of these products and systems, failure to warn and misleading and deceptive conduct in relation to the marketing and sale of the products and systems New South Wales loan facility ("NSW Loan") – AICF has access to a secured loan facility made available by the New South Wales Government, which can be used by AICF to fund the payment of asbestos claims and certain operating and legal costs Page 26
James Hardie Q1 FY21 Results NON-US GAAP FINANCIAL MEASURES Financial Measures – US GAAP equivalents This document contains financial statement line item descriptions that are considered to be non-US GAAP, but are consistent with those used by Australian companies. Because the company prepares its Condensed Consolidated Financial Statements under US GAAP, the following table cross- references each non-US GAAP line item description, as used in Management’s Analysis of Results and Media Release, to the equivalent US GAAP financial statement line item description used in the company’s Condensed Consolidated Financial Statements: Management's Analysis of Results and Consolidated Statements of Operations Media Release and Other Comprehensive Income (Loss) (US GAAP) Net Sales Net Sales Cost of goods sold Cost of goods sold Gross profit Gross profit Selling general and administrative expenses Selling general and administrative expenses Research and development expenses Research and development expenses Asbestos adjustments Asbestos adjustments EBIT* Operating income (loss) Net interest income (expense)* Sum of interest expense and interest income Other income (expense) Other income (expense) Operating profit (loss) before income taxes* Income (loss) before income taxes Income tax (expense) benefit Income tax (expense) benefit Net operating profit (loss)* Net income (loss) *- Represents non-US GAAP descriptions used by Australian companies Page 27
James Hardie Q1 FY21 Results NON-US GAAP FINANCIAL MEASURES Financial Measures – US GAAP equivalents Adjusted EBIT US$ Millions Three Months Ended 30 June Q1'21 Q1'20 EBIT $ 49.8 $ 132.5 Asbestos: Asbestos adjustments 63.7 (8.5) AICF SG&A expenses 0.3 0.4 Restructuring expenses 11.1 - Adjusted EBIT $ 124.9 $ 124.4 Net sales 626.3 656.8 Adjusted EBIT margin 19.9% 18.9% North America Fiber Cement Segment Adjusted EBIT excluding restructuring expenses US$ Millions Three Months Ended 30 June Q1'21 Q1'20 North America Fiber Cement Segment EBIT $ 128.4 $ 113.5 Restructuring expenses 2.5 - North America Fiber Cement Segment Adjusted EBIT excluding restructuring expenses $ 130.9 $ 113.5 North America Fiber Cement Segment net sales 451.8 452.3 North America Fiber Cement Segment Adjusted EBIT margin excluding restructuring expenses 29.0% 25.1% Page 28
James Hardie Q1 FY21 Results NON-US GAAP FINANCIAL MEASURES Asia Pacific Fiber Cement Segment Adjusted EBIT excluding restructuring expenses US$ Millions Three Months Ended 30 June Q1'21 Q1'20 Asia Pacific Fiber Cement Segment EBIT $ 18.9 $ 24.8 Restructuring expenses 3.4 - Asia Pacific Fiber Cement Segment Adjusted EBIT excluding restructuring expenses $ 22.3 $ 24.8 Asia Pacific Fiber Cement Segment net sales 91.3 108.0 Asia Pacific Fiber Cement Segment Adjusted EBIT margin excluding restructuring expenses 24.4% 23.0% Europe Building Products Segment Adjusted EBIT excluding restructuring expenses and costs associated with the acquisition US$ Millions Three Months Ended 30 June Q1'21 Q1'20 Europe Building Products Segment EBIT $ (2.7) $ 7.9 Restructuring expenses 5.1 - Europe Building Products Segment Adjusted EBIT excluding restructuring expenses $ 2.4 $ 7.9 Costs associated with the acquisition - 2.4 Europe Building Products Segment Adjusted EBIT excluding restructuring expenses and costs associated with the acquisition $ 2.4 $ 10.3 Europe Building Products Segment net sales 83.2 95.9 Europe Building Products Segment Adjusted EBIT margin excluding restructuring expenses 2.9% 8.2% Europe Building Products Segment Adjusted EBIT margin excluding restructuring expenses and costs associated with the acquisition 2.9% 10.7% Page 29
James Hardie Q1 FY21 Results NON-US GAAP FINANCIAL MEASURES Research and Development Segment Adjusted EBIT excluding restructuring expenses US$ Millions Three Months Ended 30 June Q1'21 Q1'20 Research and Development Segment EBIT $ (6.1) $ (6.2) Restructuring expenses 0.1 - Research and Development Segment Adjusted EBIT excluding restructuring expenses $ (6.0) $ (6.2) Adjusted interest, net US$ Millions Three Months Ended 30 June Q1'21 Q1'20 Interest, net $ (12.6) $ (13.7) AICF interest income, net 0.1 0.2 Adjusted interest, net $ (12.7) $ (13.9) Page 30
James Hardie Q1 FY21 Results NON-US GAAP FINANCIAL MEASURES Adjusted net operating profit US$ Millions Three Months Ended 30 June Q1'21 Q1'20 Net operating profit $ 9.4 $ 86.5 Asbestos: Asbestos adjustments 63.7 (8.5) AICF SG&A expenses 0.3 0.4 AICF interest income, net (0.1) (0.2) Restructuring expenses 11.1 - Tax adjustments1 4.9 12.0 Adjusted net operating profit $ 89.3 $ 90.2 Adjusted effective tax rate US$ Millions Three Months Ended 30 June Q1'21 Q1'20 Operating profit before income taxes $ 37.4 $ 118.6 Asbestos: Asbestos adjustments 63.7 (8.5) AICF SG&A expenses 0.3 0.4 AICF interest income, net (0.1) (0.2) Restructuring expenses 11.1 - Adjusted operating profit before income taxes $ 112.4 $ 110.3 Income tax expense (28.0) (32.1) Tax adjustments1 4.9 12.0 Adjusted income tax expense $ (23.1) $ (20.1) Effective tax rate 74.9% 27.1% Adjusted effective tax rate 20.6% 18.2% 1 Includes tax adjustments related to the amortization benefit of certain US intangible assets, asbestos, and other tax adjustments Page 31
Q1 FY21 MANAGEMENT PRESENTATION 11 August 2020