INVESTOR PRESENTATION
March 2013
Exhibit 99.6

DISCLAIMER
2
This Management Presentation contains forward-looking statements. James Hardie may from time to time make forward-looking statements in its periodic reports filed with or furnished to the
SEC, on Forms 20-F and 6-K, in its annual reports to shareholders, in offering circulars, invitation memoranda and prospectuses, in media releases and other written materials and in oral
statements  made by the company’s officers, directors or employees to analysts, institutional investors, existing and potential lenders, representatives of the media and others. Statements that are
not historical facts are forward-looking statements and such forward-looking statements are statements made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act
of 1995. Examples of forward-looking statements include:
statements about the company’s future performance;
projections of the company’s results of operations or financial condition;
statements regarding the company’s plans, objectives or goals, including those relating to strategies, initiatives, competition, acquisitions, dispositions and/or our products;
expectations concerning the costs associated with the suspension or closure of operations at any of the company’s plants and future plans with respect to any such plants;
expectations regarding the extension or renewal of the company’s credit facilities including changes to terms, covenants or ratios;
expectations concerning dividend payments and share buy-backs;
statements concerning the company’s corporate and tax domiciles and structures and potential changes to them, including potential tax charges;
statements regarding tax liabilities and related audits, reviews and proceedings;
statements as to the possible consequences of proceedings brought against the company and certain of its former directors and officers by the Australian Securities and Investments
Commission (ASIC);
expectations about the timing and amount of contributions to the Asbestos Injuries Compensation Fund (AICF), a special purpose fund for the compensation of proven Australian
asbestos-related personal injury and death claims;
expectations concerning indemnification obligations;
expectations concerning the adequacy of the company’s warranty provisions and estimates for future warranty-related costs;
statements regarding the company’s ability to manage legal and regulatory matters (including but not limited to product liability, environmental, intellectual property and competition
law matters) and to resolve any such pending legal and regulatory matters within current estimates and in anticipation of certain third-party recoveries; and
statements about economic conditions, such as economic or housing recovery, the levels of new home construction and home renovations, unemployment levels, changes in consumer
income, changes or stability in housing values, the availability of mortgages and other financing, mortgage and other interest rates, housing affordability and supply, the levels of
foreclosures and home resales, currency exchange rates, and builder and consumer confidence.
Words such as “believe,” “anticipate,” “plan,” “expect,” “intend,” “target,” “estimate,” “project,” “predict,” “forecast,” “guideline,” “aim,” “will,” “should,” “likely,” “continue” and similar
expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. Readers are cautioned not to place undue reliance on these
forward-looking statements and all such forward-looking statements are qualified in their entirety by reference to the following cautionary statements. Forward-looking statements are based on
the company’s current expectations, estimates and assumptions and because forward-looking statements address future results, events and conditions, they, by their very nature, involve inherent
risks and uncertainties, many of which are unforeseeable and beyond the company’s control. Such known and unknown risks, uncertainties and other factors may cause actual results, performance
or other achievements to differ materially from the anticipated results, performance or achievements expressed, projected or implied by these forward-looking statements. These factors, some of
which are discussed under “Risks Factors” in Section 3 of the Form 20-F filed with the Securities and Exchange Commission on 2 July 2012, 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 AICF, any shortfall in AICF and the effect of
currency exchange rate movements on the amount recorded in the company’s financial statements as an asbestos liability; governmental loan facility to AICF; compliance with and changes in tax
laws and treatments; competition and product pricing in the markets in which the company operates; the consequences of product failures or defects; exposure to environmental, asbestos,
putative consumer class action or other legal proceedings; general economic and market conditions; the supply and cost of raw materials; possible increases in competition and the potential that
competitors could copy the company’s products; reliance on a small number of customers; a customer’s inability to pay; compliance with and changes in environmental and health and safety laws;
risks of conducting business internationally; compliance with and changes in laws and regulations; the effect of the transfer of the company’s corporate domicile from The Netherlands to Ireland
including employee relations, changes in corporate governance and potential tax benefits; currency exchange risks; dependence on customer preference and the concentration of the company’s
customer base on large format retail customers, distributors and dealers; dependence on residential and commercial construction markets; the effect of adverse changes in climate or weather
patterns; possible inability to renew credit facilities on terms favourable to the company, or at all; acquisition or sale of businesses and business segments; changes in the company’s key
management personnel; inherent limitations on internal controls; use of accounting estimates; and all other risks identified in the company’s reports filed with Australian, Irish and US securities
agencies and exchanges (as appropriate). The company cautions you that the foregoing 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 and are statements of the company’s current expectations concerning
future results, events and conditions. The company assumes no obligation to update any forward-looking statements or information except as required by law.

AGENDA
3
In
this
Management
Presentation,
James
Hardie
may
present
financial
measures,
sales
volume
terms,
financial
ratios,
and
Non-US
GAAP
financial
measures
included
in
the
Definitions
section
of
this
document
starting
on
page
27.
The
company
presents
financial
measures
that
it
believes
are
customarily
used
by
its
Australian investors. Specifically, these financial measures, which are equivalent to or derived from certain US GAAP measures as explained in the definitions, include
“EBIT”, “EBIT margin”, “Operating profit”
and “Net operating profit”. The company may also present other terms for measuring its sales volumes (“million square feet”
or “mmsf”
and “thousand square feet”
or “msf”); financial ratios (“Gearing ratio”, “Net interest expense cover”, “Net interest paid cover”, “Net debt payback”, “Net debt
(cash)”); and Non-US GAAP financial measures (“EBIT excluding asbestos and ASIC expenses”, “EBIT margin excluding asbestos and ASIC expenses”, “Net
operating profit excluding asbestos, ASIC expenses and tax adjustments”, “Diluted earnings per share excluding asbestos, ASIC expenses, and tax adjustments”,
“Operating
profit
before
income
taxes
excluding
asbestos”,
“Effective
tax
rate
excluding
asbestos
and
tax
adjustments”,
“EBITDA”
and
“General
corporate
costs
excluding ASIC expenses and intercompany foreign exchange gain”). Unless otherwise stated, results and comparisons are of the 1st quarter of the current fiscal year
versus the 1st quarter of the prior fiscal year.
Business overview
USA and Europe Fibre Cement
Asia Pacific Fibre Cement
Group Outlook
Summary
Appendix

Annual net sales US$1.3b
Total assets US$1.7b
Net cash US$159.5m
Operations in North America, Asia Pacific
and Europe
2,600 employees
Market cap US$4.2b
S&P/ASX 100 company
NYSE ADR listing  
Note: Net sales annualised, total assets and net cash are at 31 December 2012. Total assets exclude asbestos compensation.
JHX: A GROWTH FOCUSED COMPANY
4

GROUP OVERVIEW
5
•
For
the
half
year,
net
operating
profit
excluding
asbestos,
ASIC
expenses
and
tax adjustments decreased 2% to US$78.6 million
•
Half
year
operating
results
reflect
a
recovery
of
US$2.7
million
for
legal
costs
associated with the conclusion of RCI’s disputed amended tax assessment with
the
ATO
and
an
increase
of
US$5.7
million
in
an
accounting
provision
for
certain
New Zealand product liability claims
•
Half
year
operating
results
also
reflect
a
foreign
exchange
gain
of
US$5.5 million
on an Australian dollar intercompany loan
•
FY2013 first half ordinary dividend of US5.0 cents per security announced
1
Comparisons
are
of
the
2nd
quarter
and
1st
half
of
the
current
fiscal
year
versus
the
2nd
quarter
and
1st
half
year
of
the
prior
fiscal
year
1
Q2
Q2
% 
HY
HY
% 
FY 2013
FY 2012
Change
FY 2013
FY 2012
Change
Net operating profit
15.0
127.4
(88)
83.5
128.4
(35)
Net operating profit excluding asbestos,  ASIC
expenses and tax adjustments
34.8
41.2
(16)
78.6
80.6
(2)
Diluted earnings per share excluding asbestos,  ASIC
expenses and tax adjustments (US cents)
7.9
9.4
(16)
17.9
18.3
(2)
US$ Millions 

USA Fibre Cement Products
Siding
Soffit
Fascia
Trim
Backerboard
Asia Pacific Fibre Cement Products
Residential siding
Commercial exteriors
Flooring
Ceiling and internal walls
6
JHX: A WORLD LEADER IN FIBRE CEMENT

All numbers are for Half Year ended 30 September 2012
*  EBIT –
Excludes Research and Development EBIT and Asbestos-related items
7
GLOBAL –
BUSINESS PORTFOLIO
USA
and
Europe
Fibre
Cement
Asia-Pacific Fibre Cement
78%
68%
32%
22%
69%
31%
Volume
Sales
EBIT*

Fibre cement is more durable than wood and engineered wood, and looks and performs
better than vinyl, and cheaper and quicker to build with than brick
Engineered wood
8
Vinyl
Fibre  cement
FIBRE CEMENT –
SUPERIOUR PRODUCT PERFORMANCE
Fire resistant
Hail resistant
Resists warping
Resists buckling
Colour lasts longer
Dimensional stability
Can be repainted

9
7
th
Generation versus 2
nd
Generation generic fibre cement
The HardieZone™
System represents a logical extension of Hardie technology
PRODUCT
LEADERSHIP
EXAMPLE
–
HARDIEZONE™
SYSTEM

Flat Sheet
Plants
Capacity
(mmsf)
Plants operating
Cleburne, Texas
500
Peru, Illinois
560
Plant City, Florida
300
Pulaski, Virginia
600
Reno, Nevada
300
Tacoma, Washington
200
Waxahachie, Texas
360
Plants suspended
Blandon, Pennsylvania
200
Fontana, California
180
Summerville, South
Carolina
190
Flat Sheet Total
3,390
Plant locations
1
Production was suspended at the
Blandon plant in October 2007; at the
Summerville plant in November 2008;
and at the Fontana plant in December
2008
•
Tacoma, WA
Plant City, FL
Waxahachie, TX
Cleburne, TX
Peru,
IL
Blandon, PA
Summerville, SC
Pulaski, VA
•
Reno, NV
•
Fontana, CA
JH Plant Design Capacity
10
THE USA BUSINESS –
LARGEST FIBRE CEMENT PRODUCER IN NORTH AMERICA
1
1
1

Note:
1) Market share figures reflect siding only; exclude fascia, soffits & trim; data reflects Repair & Remodel and New Construction markets, combined.
2) Siding
volumes
exclude
waste
factors,
a
change
from
previously
reported
numbers.
Sources:
NAHB
Builder
Practices
and
Consumer
Practices
Report
–
2008
Siding
and
Exterior
Wall
Finish,
adjusted
to
reflect
JH’s
estimate
for
FC
and wood
categories.
Large growth opportunity
11
US EXTERIOR CLADDING MARKET

Rolling 12 month average of seasonally adjusted estimate of housing starts by US Census Bureau
12
USA FIBRE CEMENT

1 
Excludes impairment charges of US$38.6 million in Q4 FY08, US$14.3 million in Q4 FY12 and US$5.8 million in Q3 FY13
13
Quarterly EBIT and EBIT Margin
EBIT
EBIT Margin
USA AND EUROPE FIBRE CEMENT
1

USA AND EUROPE FIBRE CEMENT
14
Average Net Sales Price (US dollars)
1
FY13 average net sales price represents 3rd quarter year-to-date; other years presented are for the full year

TOTAL U.S. HOUSING STARTS
15

16
Five manufacturing plants in
Asia Pacific
Net sales US$383m
EBIT US$77m
Higher value differentiated
products
Lower delivered cost
Growth model
Asia
Pacific
manufacturing
facilities.
Net
Sales
and
EBIT
as
at
31
December
2012
annualised.
ASIA PACIFIC FIBRE CEMENT

17
General purpose flooring
Exterior cladding
Philippines
Australia
New Zealand
Australia
Ceilings and partitions
Interior walls
17
ASIA
PACIFIC
FIBRE
CEMENT
-
EXAMPLES

CAPITAL MANAGEMENT
18
On 23 July 2012, the Company paid a FY2012 second half dividend of US$166.4 million, reflecting a
payment  of US38.0 cents per security (nil in FY12). On 25 January 2013, the Company paid a
FY2013 first half dividend of US$22.1 million (US$17.4 million in FY12), reflecting a payment of
US5.0 cents per security (US4.0 cents in FY12)
No share buyback activity occurred during the nine months
As
announced
on
15
November
2012,
the
company
expects
to
be
in
a
position
to
make
further
distributions to shareholders in the near term as follows:
subject
to
share
price
levels,
the
company
intends
to
distribute
approximately
US$150
million
to
shareholders under its existing share buyback program, which expires in May 2013;
for
dividends
payable
in
respect
of
financial
year
2014
onwards,
the
company
intends
to
increase
its dividend payout ratio from 20% to 30% of net operating profit (excluding asbestos adjustments)
to 30% to 50% of net operating profit (excluding asbestos adjustments); and
if and to the extent the company does not undertake share buybacks between today and the
announcement of FY2013 results in May 2013, the company will consider an increase of its
dividend
payout
ratio
for
FY2013.
In
this
event,
the
dividend
in
respect
of
the
second
half
of
FY 2013 is anticipated to be approximately US35.0 cents per security, subject to certain conditions
as outlined in the 15 November 2012 announcement

19
GROUP OUTLOOK
United States
Industry data indicates consistent improvement in builder confidence and increased
activity
in
the
US
housing
market
-
momentum
of
recovery
appears
well
founded
In anticipation of housing recovery continuing, the business is funding initiatives to
improve organisational capabilities, which has constrained earnings
Growth in sales over the next twelve months is expected to exceed spending on
organisational initiatives and improve EBIT to revenue margins
Capital expenditure of US$34 million approved for reconfiguration and refurbishment
of the Fontana, CA plant, which is scheduled to re-open in early calendar year 2014 
Asia Pacific
In Australia, the market environment remains subdued and market demand is not
expected to improve in the near term
The New Zealand housing market continues to improve
In the Philippines, the business continues to perform well and is expected to continue
to contribute consistent earnings in a stable operating environment

We have a strong, well-established, growth-focused, strong cash-generating 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
–
Ongoing commitment to research and development
–
Significant organisational advantages
–
Focused strategy and organisational effort
–
Scale
Throughout the low demand environment the company has performed exceptionally
well, consistently delivering solid financial returns
The company is well positioned to leverage its increased capabilities as the recovery
progresses
20
SUMMARY

APPENDIX

22
Aggressively grow demand      
for our products in targeted
market segments
Grow our overall market
position while defending our
share in existing market
segments
Introduce differentiated
products to deliver a
sustainable competitive
advantage
Industry
leadership and profitable growth
GLOBAL STRATEGY

*
Certain reclassifications have been reflected in the prior periods shown above to conform with current period presentation
1
Excludes
asbestos
adjustments,
AICF
SG&A
expenses,
AICF
interest
income,
tax
benefit
related
to
asbestos
adjustments,
ASIC
expenses/recoveries, asset impairments, New Zealand product liability expenses and tax adjustments
2
Excludes asbestos adjustments, AICF SG&A expenses, asset impairments, New Zealand product liability expenses and ASIC
expenses/recoveries
3   
Includes restricted cash set aside for AFFA
Note: For the 2012 and 2011 financial years, key ratios for the nine month period have been presented above for comparative purposes
23
KEY RATIOS   
*
9 Months
FY 2013
9 Months
FY 2012
9 Months
FY2011
EPS (Diluted)
25.8c
24.9c
18.9c
EBIT/ Sales (EBIT margin)
14.5%
16.4%
15.7%
Gearing Ratio
-13.9%
-2.0%
4.6%
Net Interest Expense Cover
43.6x
25.8x
24.2x
Net Interest Paid Cover
110.8x
24.9x
22.6x
Net Debt Payback
-
-
0.3yrs
1
2
1
2
2
3

24
FY07
FY08
FY09
FY10
FY11
FY12
Net Sales
US$m
1,262
1,144
910
828
814
862
Sales Volume
mmsf
2,148
1,916
1,508
1,303
1,248
1,332
Average Price
US$ per msf
588
597
604
635
652
647
EBIT
US$m
362
313
200
208
160
156
EBIT Margin
%
29
27
22
25
20
19
USA AND EUROPE 5 YEAR RESULTS OVERVIEW

25
FY07
FY08
FY09
FY10
FY11
FY12
Net Sales
US$m
223
298
273
296
353
376
Sales Volume
mmsf
390
398
390
389
407
392
Average Price
US$ per msf
842
862
879
894
916
916
EBIT
US$m
39
50
47
58
79
79
EBIT Margin
%
16
17
17
20
23
21
ASIA PACIFIC 5 YEAR RESULTS OVERVIEW

RESULTS –
Q3
26
US$ Millions 
Q3 '13
Q3 '12
% Change
Net sales 
320.4
283.0
13
Gross profit 
96.2
90.6
6
SG&A expenses 
(59.7)
(48.0)
(24)
Research & development expenses 
(9.9)
(7.3)
(36)
Asset impairments
(5.8)
-
-
Asbestos adjustments 
11.7
(33.5)
-
EBIT 
32.5
1.8
-
Net interest income (expense)
2.1
(1.5)
-
Other income 
0.5
1.5
(67)
Income tax expense
(3.6)
(6.6)
45
Net operating profit (loss)
31.5
(4.8)
-

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 Consolidated Financial Statements
Definitions
Non-financial Terms
ABS
–
Australian Bureau of Statistics
AFFA
–
Amended and Restated Final Funding Agreement
AICF
–
Asbestos Injuries Compensation Fund Ltd
ASIC
–
Australian Securities and Investments Commission
ATO
–
Australian Taxation Office
NBSK –
Northern Bleached Soft Kraft; the company's benchmark grade of pulp
Financial Measures –
US GAAP equivalents
EBIT and EBIT Margin
-
EBIT, as used in this document, is equivalent to the US GAAP measure of operating income. EBIT margin is defined as
EBIT as a percentage of net sales
Operating
profit
before
income
taxes
-
is
equivalent
to
the
US
GAAP
measure
of
income
before
income
taxes
Net
operating
profit
-
is
equivalent
to
the
US
GAAP
measure
of
net
income
27
ENDNOTES

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
Financial Ratios
Gearing
Ratio
–
Net
debt
(cash)
divided
by
net
debt
(cash)
plus
shareholders’
equity
Net
interest
expense
cover
–
EBIT
divided
by
net
interest
expense
(excluding
loan
establishment
fees)
Net
interest
paid
cover
–
EBIT
divided
by
cash
paid
during
the
period
for
interest,
net
of
amounts
capitalised
Net
debt
payback
–
Net
debt
(cash)
divided
by
cash
flow
from
operations
Net
debt
(cash)
–
Short-term
and
long-term
debt
less
cash
and
cash
equivalents
Return
on
Capital
employed
–
EBIT
divided
by
gross
capital
employed
28
ENDNOTES (CONTINUED)

EBIT
and
EBIT
margin
excluding
asbestos,
asset
impairments,
ASIC
expenses
and
New
Zealand
product
liability
expenses
–
EBIT and EBIT margin excluding asbestos, asset impairments, ASIC expenses and New Zealand product
liability expenses are not measures of financial performance under US GAAP and should not be considered to be more
meaningful than EBIT and EBIT margin. Management has included these financial measures to provide investors with an
alternative method for assessing its operating results in a manner that is focussed on the performance of its ongoing
operations and provides useful information regarding its financial condition and results of operations. Management uses
these non-US GAAP measures for the same purposes
29
NON-US GAAP FINANCIAL MEASURES
Q3
Q3
9 Months
9 Months
US$ Millions
FY 2013
FY 2012
FY 2013
FY 2012
EBIT
$ 32.5
$ 1.8
$ 137.8
$ 162.9
Asbestos:
Asbestos adjustments
(11.7)
33.5
(14.5)
(15.2)
AICF SG&A expenses
0.5
0.9
1.2
2.3
Asset impairments
5.8
-
5.8
-
ASIC expenses
0.1
0.3
0.5
1.0
New Zealand product liability expenses
7.5
0.3
13.2
1.0
EBIT excluding asbestos, asset impairments, ASIC
expenses and New Zealand product liability
expenses
34.7
36.8
144.0
152.0
Net sales
$ 320.4
$ 283.0
$ 994.5
$ 928.2
EBIT margin excluding asbestos, asset
impairments, ASIC expenses and New Zealand
product liability expenses
10.8%
13.0%
14.5%
16.4%

Net operating profit excluding asbestos, asset impairments, ASIC
expenses, New Zealand product liability expenses
and tax adjustments
–
Net operating profit excluding asbestos, asset impairments, ASIC expenses, New Zealand product
liability expenses and tax adjustments is not a measure of financial performance under US GAAP and should not be
considered to be more meaningful than net operating profit. Management has included this financial measure to provide
investors
with
an
alternative
method
for
assessing
its
operating
results
in
a
manner
that
is
focussed
on
the
performance
of
its
ongoing operations. Management uses this non-US GAAP measure for the same purposes
30
NON-US GAAP FINANCIAL MEASURES (CONTINUED)
Q3
Q3
9 Months
9 Months
US$ Millions
FY 2013
FY 2012
FY 2013
FY 2012
Net operating profit (loss)
$ 31.5
$ (4.8)
$ 115.0
$ 123.6
Asbestos:
Asbestos adjustments
(11.7)
33.5
(14.5)
(15.2)
AICF SG&A expenses
0.5
0.9
1.2
2.3
AICF interest income
(3.4)
(0.8)
(5.6)
(2.2)
Tax expense (benefit) related to asbestos
2.5
(0.1)
5.1
(0.1)
Asset impairments
5.8
-
5.8
-
ASIC expenses
0.1
0.3
0.5
1.0
New Zealand  product liability expenses
7.5
0.3
13.2
1.0
Tax adjustments
(4.0)
(1.3)
(7.6)
(1.1)
Net operating profit excluding asbestos, asset
impairments, ASIC expenses, New Zealand product
liability expenses and tax adjustments
$ 28.8
$ 28.0
$ 113.1
$ 109.3

31
NON-US GAAP FINANCIAL MEASURES (CONTINUED)
Q3
Q3
9 Months
9 Months
US$ Millions
FY 2013
FY 2012
FY 2013
FY 2012
Net operating profit excluding asbestos, asset
impairments, ASIC expenses, New Zealand product
liability expenses and tax adjustments
$ 28.8
$ 28.0
$ 113.1
$ 109.3
Weighted average common shares outstanding -
Diluted (millions)
440.3
435.0
439.0
438.4
Diluted earnings per share excluding asbestos, asset
impairments,  ASIC expenses, New Zealand product
liability expenses and tax adjustments (US cents)
6.5
6.4
25.8
24.9
Diluted earnings per share excluding asbestos, asset impairments, ASIC expenses, New Zealand product liability
expenses and tax adjustments
–
Diluted earnings per share excluding asbestos, asset impairments, ASIC expenses, New
Zealand product liability expenses and tax adjustments is not a measure of financial performance under US GAAP and should
not be considered to be more meaningful than diluted earnings per share. Management has included this financial measure to
provide investors with an alternative method for assessing its operating results in a manner that is focussed on the performance
of its ongoing operations. Management uses this non-US GAAP measure for the same purposes

Effective
tax
rate
excluding
asbestos,
asset
impairments
and
tax
adjustments
–
Effective
tax
rate
on
earnings
excluding
asbestos,
asset
impairments
and
tax
adjustments
is
not
a
measure
of
financial
performance
under
US
GAAP
and should not be considered to be more meaningful than effective tax rate. Management has included this financial
measure to provide investors with an alternative method for assessing its operating results in a manner that is focussed
on the performance of its ongoing operations. Management uses this non-US GAAP measure for the same purposes
32
NON-US GAAP FINANCIAL MEASURES (CONTINUED)
Q3
Q3
9 Months
9 Months
US$ Millions
FY 2013
FY 2012
FY 2013
FY 2012
Operating profit before income taxes
$ 35.1
$ 1.8
$ 141.3
$ 158.7
Asbestos:
Asbestos adjustments
(11.7)
33.5
(14.5)
(15.2)
AICF SG&A expenses
0.5
0.9
1.2
2.3
AICF interest income
(3.4)
(0.8)
(5.6)
(2.2)
Asset impairments
5.8
-
5.8
-
Operating profit before income taxes excluding
asbestos and asset impairments 
$ 26.3
$ 35.4
$ 128.2
$ 143.6
Income tax expense
(3.6)
(6.6)
(26.3)
(35.1)
Asbestos:
Tax expense (benefit) related to asbestos adjustments
2.5
(0.1)
5.1
(0.1)
Tax adjustments
(4.0)
(1.3)
(7.6)
(1.1)
Income tax expense excluding tax adjustments
(5.1)
(8.0)
(28.8)
(36.3)
Effective tax rate
10.3%
366.7%
18.6%
22.1%
Effective tax rate on earnings excluding asbestos, asset
impairments and tax adjustments
19.4%
22.6%
22.5%
25.3%

33
NON-US GAAP FINANCIAL MEASURES (CONTINUED)
Q3
Q3
9 Months
9 Months
US$ Millions
FY 2013
FY 2012
FY 2013
FY 2012
EBIT
$ 32.5
$ 1.8
$ 137.8
$ 162.9
Depreciation and amortisation
17.3
17.0
48.0
47.8
Adjusted EBITDA
$ 49.8
$ 18.8
$ 185.8
$ 210.7
Adjusted EBITDA
–
is not a measure of financial performance under US GAAP and should not be considered an alternative
to, or more meaningful than, income from operations, net income or cash flows as defined by US GAAP or as a measure of
profitability
or
liquidity.
Not
all
companies
calculate
Adjusted
EBITDA
in
the
same
manner
as
James
Hardie
has
and,
accordingly, Adjusted EBITDA may not be comparable with other companies. Management has included information
concerning
Adjusted
EBITDA
because
it
believes
that
this
data
is
commonly
used
by
investors
to
evaluate
the
ability
of
a
company’s earnings from its core business operations to satisfy its debt, capital expenditure and working capital
requirements

INVESTOR PRESENTATION
March 2013