EX-99.5

SOUTH DIVISION

Ryan Sullivan

24 September 2014

Exhibit 99.5

DISCLAIMER

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 its 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 concerning the costs associated with the significant capital expenditure projects at any of the company’s plants and future plans with respect to any such

projects;

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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;

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statements concerning the company’s corporate and tax domiciles and structures and potential changes to them, including potential tax charges;

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statements regarding tax liabilities and related audits, reviews and proceedings;

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statements regarding the possible consequences and/or potential outcome of the legal proceedings brought against two of the company’s subsidiaries by the New Zealand

Ministry of Education and the potential product liabilities, if any, associated with such proceedings;

•

expectations about the timing and amount of contributions to 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 changes in the US economic or housing recovery or changes in the market conditions in the Asia Pacific region, 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,” “may,”

“objective,” “outlook” 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 “Risk Factors” in Section 3 of the Form

20-F filed with the Securities and Exchange Commission on 26 June 2014, 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 changes in corporate governance and any potential tax benefits related thereto; 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 referenced in the company’s 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

•

South

Division:

Overview

and

Starts

Activity

Manufacturing:

Capability

Capacity

Market:

Product

Segment

Strategies

SOUTH DIVISION AT A GLANCE

Quick Facts

Manufacturing Employees: ~640

Sales Employees: ~100

FY14 Volume: ~890 mmsf

~60% of North American Volume

~80% Exteriors vs Interiors

~85% Single Family vs Multi Family

Source: Company data

SOUTH STARTS SUMMARY

While the South Division continues to grow above the market, we have seen

starts

forecasts

come

down

significantly

since

our

FY15

planning

cycle

Source: Dodge/Company data

Organizational Development

Focused growth from hardboard and vinyl while

executing on the 90

•

Key Product Initiatives –

Trim, ColorPlus

and

Top of Market

•

Key Segment Initiatives –

New contractor

program, Ambassador program, 100% Hardie

builder program

Capacity Additions

SOUTHERN DIVISION FY15 FOCUS AREAS

PRODUCT STRATEGY: TRIM

Trim Product Initiatives in South

Sanded Edge

Expansion

HardieTrim®

Mouldings

1x2

Position

durability

trim

against

lower

performing

wood

and

hardboard

trim

PRODUCT

STRATEGY:

COLORPLUS

Provide a superior performing product to homeowners

Provide a more economical JH solution in high paint cost markets

Organizational

focus

for

C+

Repair/Remodel

segments

across

the

South, and New Construction in markets with high field paint costs

PRODUCT STRATEGY: TOP OF MARKET

Reveal®

Panel System

Artisan®

Plank

Artisan®

V Rustic

We are expanding our access to the

“Top of Market”

by launching new

products and entering new markets

3 key segment initiatives within the Single Family segment to

accelerate growth and product mix shift

SEGMENT STRATEGIES

New R&R Contractor

Program

R&R Ambassador

Program

100% Hardie

R&R SEGMENT STRATEGY

Ensure R&R segment is disproportionate share of 35-90

Build and maintain a

winning network of

aligned contractors

Contractor

Programs

Contractor Business

Solutions

Digital

Build an organization of

R&R experts

Training

Organizational

Alignment

Compensation for

Right Behavior

Focus resources on vinyl

standard markets

Identify Markets

Drive Preference

for JH

Leverage Wins to

Develop

Contractors

Ensure differentiated

position with the

homeowner

Win Share of Voice

Lead Nurturing

Tools & Proof

Sources

To increase the number of homes that receive a high-quality Hardie sales

and install experience via growing our network of aligned contractors.

PURPOSE OF WEBSITE CONTRACTOR PROGRAM

JH POV

CONTRACTOR POV

HOMEOWNER POV

Extension of our Brand.

Deliver JH value prop in local

markets

Match in-market

homeowners with trusted

professionals who can

install.

Drive product strategy.

Promote long-term loyalty.

Manufacturer endorsement

Leads

Continuing education

Access to unique business

solutions

Rewards

Find qualified JH contractors

Contractor options to choose

from

Peace of mind in decision

Preferred Remodeler Program

Associate Contractor Program

WHY CHANGE OUR PROGRAM NOW?

Combining the best of both programs and offering even more non-product

value adds and growth opportunities for companies of all sizes.

Any Contractor or Remodeler,

No Matter the Business Size.

“James Hardie

is a part of

my business.”

•

Tools/programs to grow with JH

•

Clear path/requirements to

achieve Preferred

•

Transitional tier via “Directory

Listing”

Dedicated

Replacement Contractors

“James Hardie

my business.”

•

Highest endorsement from Hardie

•

Enhanced support and tools

•

Differentiation from other siding

contractors

CEMENTING OURSELVES AS YOUR GREATEST ALLY

Program launching Q3 FY15

MEMBERSHIP LEVELS FOR ANY SIZE BUSINESS

By offering one consolidated program, we are able to streamline the contractor

acquisition and account development process, as new companies are brought on board

and

work

help

grow

their

businesses

with

James

Hardie

focus.

•

Elite logo & certificate

Elite placement on the

Remodeler Locator

Distinguish your business with

Contractor Alliance Badges

Participation in the

HardieRewards™

Program

(25% Bonus Points)

HardieReward Milestones™

Members Only access to

production, sales, and

marketing business

solutions

Advanced training

opportunities on installation

best practices, job-site safety,

lead generation, and in-home

sales

Free GuildQuality Surveying

Preferred logo & certificate

Preferred placement on the

Remodeler Locator

Distinguish your business with

Contractor Alliance Badges

Participation in the

HardieRewards™

Program

(10% Bonus Points)

•

Participation in the

HardieRewards™ Program

•

Training opportunities

•

Beyond the Level

eNewsletter

•

HardieReward Milestones™

•

Members Only access to

production, sales, and

marketing business

solutions

•

Advanced training

opportunities on installation

best practices, job-site

safety, lead generation, and

in-home sales

•

Free GuildQuality Surveying

•

Listing on the James Hardie

Remodeler Locator

•

Participation in the

HardieRewards™ Program

•

Earn HardieReward

Milestones™

•

Members Only access to

production, sales, and

marketing business

solutions

•

Advanced training

opportunities on installation

best practices, job-site

safety, lead generation, and

in-home sales

•

Free GuildQuality Surveying

•

Earn HardieReward

Milestones™

•

Access to unique production,

sales, and marketing

business solutions

•

Advanced training

opportunities on installation

best practices, job-site

safety, lead generation, and

in-home sales

REWARDS ADVANTAGE

REWARDS PLUS

REWARDS

•

SOUTH DIVISION MANUFACTURING

Plant

Key Capabilities

Fontana, CA

Sheet Machines: 4’

wide, 5’

wide

Low Density Production

Primary products: Panel, Backer

Key Imports: Trim, Heritage®, Artisan®

and ColorPlus®

Products

Plant City, FL

Sheet Machines: 4’

wide

Primary Products: Panel, Plank

Key Imports: Backer, Trim, Heritage®,

Artisan®, Vented Soffit and

ColorPlus®

Products

Cleburne, TX

Sheet Machines: 5’

wide

Low Density Production

Single Sourced Capacity: HLD Trim

Primary products: Trim, Backer, Plank

Key Imports: Heritage®

& Artisan®

Waxahachie, TX

Sheet Machines: 4’

wide and 5’

wide

Primary products: Panel, Plank, Soffit

Key Imports: Backer, Heritage®, Artisan®

Keys to Operational Strategy

Safety

Customer service delivery

Capacity ahead of demand

Network redundancy

Labor efficiency and operational

excellence

SOUTH MANUFACTURING LOCATIONS

HZ10 Manufacturing Facility

ColorPlus ®

Products Facility

VMI Distribution Center

Big Box Distribution Center

Capacity expansion plans aligned to current forecast

and our 85% target utilization rate

•

SOUTHERN CAPACITY UPDATE

Fontana:

Ramp-up

currently

track

Plant

City

Trim:

Construction

complete

Q415

Cleburne:

Construction

complete

Q116

Evaluating

capacity

add:

Summerville

Mid

South

•

South is predominantly mature FC market. Growth must come

from wood, hardboard, accessories, and vinyl in certain regions

•

Starts/Market coming in below forecast

•

Key Product Initiatives; Trim, ColorPlus

, and Top of Market

•

Key Segment Initiatives; New Contractor Program, Hardie

Ambassador Program, 100% Hardie Builder Program

•

Capacity expansion plans adjusted for new forecasts

SUMMARY