Q2 FY16 MANAGEMENT PRESENTATION 19 November 2015 Exhibit 99.4

DISCLAIMER 2 PAGE This Management Presentation contains forward-looking statements. 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 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; • 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; • 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.

DISCLAIMER (continued) 3 PAGE 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 21 May 2015, 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 company 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 favorable 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 regulatory 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.

PAGE AGENDA • Overview and Operating Review – Louis Gries, CEO • Financial Review – Matt Marsh, CFO and Executive VP - Corporate • Questions and Answers 4 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 and other terms section of this document. 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 before income taxes” and “Net operating profit”. The company may also present other terms for measuring its sales volume (“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 (“Adjusted EBIT”, “Adjusted EBIT margin”, “Adjusted net operating profit”, “Adjusted diluted earnings per share”, “Adjusted operating profit before income taxes”, “Adjusted effective tax rate on earnings”, “Adjusted EBITDA”, and “Adjusted selling, general and administrative expenses”. Unless otherwise stated, results and comparisons are of the second quarter and half year of the current fiscal year versus the second quarter and  half year of the prior fiscal year.

OVERVIEW AND OPERATING REVIEW Louis Gries, CEO

PAGE GROUP OVERVIEW 6 • Higher volumes in all businesses, but PDG in our US business again tracked below our target level • Higher average net sales prices in local currencies • Continued focus on operational management as our plants continue to sustain an improved performance trend • Half year USA and Europe Fiber Cement segment EBIT margin of 25.6% above our target range of 20% to 25% • First half ordinary dividend of US9.0 cents per security announced today 1 Dividends declared per share 2 Excludes Australian Pipes business which was sold in Q1 FY16 Adjusted Net Operating Profit Adjusted Diluted EPS 2nd Qtr 2nd Qtr Half Year US$65.3M Flat 12% US15 cents Flat US29cents 12% Adjusted EBIT Net Operating Cash Flow 2nd Qtr Half Year US$95.3M 12% 18% US$85.5M 151% Adjusted EBIT Margin % 2nd Qtr 21.2% 1.9 pts Half Year US$128.8M Half Year US$185.0M Half Year 21.1% 2.9 pts

PAGE USA AND EUROPE FIBER CEMENT SUMMARY 7 Volume • Modest R&R and new construction market growth • PDG tracked below our targeted level Price • Favorably impacted by 2-3% annual price increase • Adversely impacted by stronger US dollar on Canadian and European sales EBIT • Lower production costs driven by a sustained positive performance improvement trend in our manufacturing plant network • Lower freight and input costs relative to pcp Q2'16 1H'16 Net Sales US$361.9M US$698.9M 8% 6% Sales Volume (mmsf) 517.8 997.8 7% 5% Average Price US$685 per msf US$685 per msf 1% 1% EBIT US$89.4M US$178.9M 20% 25%

PAGE 1 Excludes asset impairment charges of US$14.3 million in 4 th quarter FY12, US$5.8 million in 3 rd quarter FY13 and US$11.1 million in 4 th quarter FY13 8 0 5 10 15 20 25 30 0 10 20 30 40 50 60 70 80 90 100 FY11 FY12 FY13 FY14 FY15 FY16 Quarterly EBIT and EBIT Margin 1 EBIT EBIT/Sales PAGE Half Year EBIT Margin up 390 bps to 25.6% USA AND EUROPE FIBER CEMENT

PAGE 550 590 630 670 710 USA AND EUROPE FIBER CEMENT 1 Rolling 12 month average of seasonally adjusted estimate of housing starts by US Census Bureau Impact of price increases offset by US currency appreciation Revenue up 8% in the quarter on 7% volume growth $0 $100 $200 $300 $400 $500 $600 $700 $800 $900 $1,000 $1,100 $1,200 $1,300 0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000 2,200 2,400 2,600 2,800 3,000 Top Line Growth 1 JH Volume Housing Starts JH Revenue 632 648 642 626 652 675 685 FY10 FY11 FY12 FY13 FY14 FY15 1H'16 Average Net Sales Price PAGE 9

PAGE 10 Volume • Favorable conditions in addressable markets • Excluding the Australian Pipes business, volume increased for both the quarter and half year Price • Favorably impacted by annual price increase • Favorable regional and product mix EBIT • Stronger USD adversely impacting US dollar price of pulp, combined with Carole Park startup costs • EBIT results in USD unfavorably impacted by the strengthening of the US Dollar ASIA PACIFIC FIBER CEMENT SUMMARY 1 Excludes Australian Pipes business which was sold in Q1 FY16 2  Excludes New Zealand weathertightness claims PAGE Net Sales A$121.6M 7% 11% Sales Volume 115.6 mmsf 234.7 mmsf 1% 4% A$239.0M 115.6 mmsf 224.9 mmsf 8% 9% Sales Volume Excluding Average Price A$1,039 per msf A$1,006 per msf 8% 6% US$ EBIT US$22.0 US$41.7M 14% 10% M A$ EBIT A$30.0M A$55.4M 8% 11% 1 2 2 Q2'16 1H'16

FINANCIAL REVIEW Matt Marsh, CFO and Executive VP – Corporate

PAGE Net sales increased • Higher volume in both USA and Europe and Asia Pacific 3 Fiber Cement segments • Higher average net sales prices in local currencies Gross profit margin increased 240 bps • Improved performance across our US plants • Lower input costs SG&A expenses increased • Higher recognized FX losses • Higher stock compensation expenses • Continuing to invest in the business Adjusted net operating profit remained flat • EBIT increased 11% compared to pcp • Increase in Adjusted income tax expense of US$4.8 million • Higher gross interest expense of US$5.1 million RESULTS – 2 nd QUARTER FY16 12 1  Excludes Asbestos related expenses and adjustments and NZWT claims 2  Excludes Asbestos related expenses and adjustments, NZWT claims, and tax adjustments 3 Excludes Australian Pipes business which was sold in Q1 FY16 US$ Millions  Q2'16 Q2'15 % Change Net sales  2 Gross profit  9 SG&A expenses  (3) EBIT 11 Net operating profit 2 Adjusted EBIT 1 12 Adjusted net operating profit 2 450.2 165.0 (62.6) 161.1 130.2 95.3 65.3 - Three Months Ended 30 September  440.4 150.9 (60.8) 145.6 127.2 85.1 65.4

PAGE Net sales increased • Higher volume in both segments • Higher average net sales prices in local currencies Gross profit margin increased 270 bps  • Improved performance across our US plants • Lower input costs SG&A expenses increased • Higher recognized FX losses • Higher stock compensation expenses • Investing in both segments, partially offset by FX Adjusted net operating profit remained flat • 25% EBIT growth • Increase in Adjusted income tax expense of US$11.2 million • Higher gross interest expense of US$10.8 million • US$5.8 million favorable movement in other income RESULTS – HALF YEAR FY16 13 1  Excludes Asbestos related expenses and adjustments and NZWT claims 2  Excludes Asbestos related expenses and adjustments, NZWT claims, and tax adjustments US$ Millions 1H'16 1H'15 % Change Net sales 878.5 857.2 2 Gross profit 322.6 291.1 11 SG&A expenses (124.1) (120.7) (3) EBIT 245.6 196.0 25 Net operating profit 190.2 156.1 22 Adjusted EBIT 1 185.0 156.3 18 Adjusted net operating profit 2 128.8 115.5 12 Half Year Ended 30 September

PAGE CHANGES IN AUD vs. USD 14 1 As Reported 1H’16 figures using 1H’15 weighted average exchange rate of 1.0763 2   Reflects the difference between 1H’16 As Reported and 1H’16 using 1H’15 weighted exchange rate 30 Sep 13 31 Dec 13 31 Mar 14 30 Jun 14 30 Sep 14 31 Dec 14 31 Mar 15 30 Jun 15 30 Sep 15 US$ Millions 1H'16 1H'15 % Change 1H'16 % Change 1H'16 % Change Net Sales 878.5 857.2 2 919.7 7 (41.2) (5) Gross Profit 322.6 291.1 11 336.8 16 (14.2) (5) Adjusted EBIT 185.0 156.3 18 193.6 24 (8.6) (6) Adjusted net operating profit 128.8 115.5 12 133.8 16 (5.0) (4) As Reported Excluding Translation Impact 1 Translation Impact 2 0.60 0.65 0.70 0.75 0.80 0.85 0.90 0.95 1.00

PAGE US INPUT COSTS • The price of NBSK pulp decreased by ~2% compared to pcp • Cement prices are up 7-8% compared to  pcp • Gas prices down 20+% compared to  pcp • Electricity prices down slightly compared to  pcp 15 The information underlying the table above is sourced as follows: • Pulp – Cost per ton – from RISI • Cement – Relative index from the Bureau of Labor Statistics • Gas – Cost per thousand cubic feet for industrial users – from US Energy Information Administration • Electric – Cost per thousand kilowatt hour for industrial users – from US Energy Information Administration 1 Prior corresponding period 0 1 2 3 4 5 6 7 8 9 10 0 200 600 800 1,000 1,200 Q2'13 Q3'13 Q4'13 Q1'14 Q2'14 Q3'14 Q4'14 Q1'15 Q2'15 Q3'15 Q4'15 Q1'16 Q2'16 Quarterly US Input Costs PULP GAS ELECTRIC CEMENT 400 1 1 1 1

PAGE 1 Excludes New Zealand weathertightness claims 2 Excludes Australian Pipes business which was sold in Q1 FY16 USA and Europe Fiber Cement EBIT summary • Quarter and 1H EBIT increased by 20% and 25%, respectively when compared to pcp • Primarily driven by plant performance and lower input costs Asia Pacific Fiber Cement EBIT 1 summary • EBIT in local currency for the quarter and 1H increased 8% and 11%, respectively when compared to pcp • Increase reflects higher volume 2 and price, partially offset by production costs SEGMENT EBIT – 2 nd QUARTER and HALF YEAR FY16 16 67.3 74.8 89.4 126.7 142.8 178.9 0 50 100 150 200 FY14 FY15 FY16 USA and Europe Fiber Cement Q2 EBIT 1H EBIT 23.9 27.7 30.0 45.3 49.9 55.4 0 10 20 30 40 50 60 FY14 FY15 FY16 Asia Pacific Fiber Cement 1 Q2 EBIT 1H EBIT

PAGE 1 Excludes Asbestos related expenses and adjustments and ASIC expenses R&D summary • On strategy to invest between 2%-3% of sales • Fluctuations reflect normal variation and timing in number of R&D projects in process in any given period General corporate costs • Results for the quarter and 1H reflect higher: • Stock compensation expenses • Realized foreign exchange losses SEGMENT EBIT – 2 nd QUARTER and HALF YEAR FY16 17 (5.5) (6.8) (6.0) (11.6) (13.6) (12.0) (15) (10) (5) 0 FY14 FY15 FY16 Research and Development Q2 EBIT 1H EBIT (11.2) (8.6) (10.1) (18.1) (19.3) (23.6) (25) (20) (15) (10) (5) 0 FY14 FY15 FY16 General Corporate Costs 1 Q2 EBIT 1H EBIT

PAGE 1 Includes Asbestos adjustments, AICF SG&A expenses and AICF interest expense, net 2 Excludes tax effects of Asbestos and other tax adjustments (ETR) for the year • Adjusted income tax expense and adjusted ETR increased due to changes in geographical mix of earnings • Income taxes are paid and payable in Ireland, the US, Canada, New Zealand and the Philippines • Income taxes are not currently paid or payable in Europe (excluding Ireland) or Australia due to tax losses. Australian tax losses primarily result from deductions relating to contributions to AICF INCOME TAX 18 Millions of US dollars Q2’16 Q2’15 1H'16 1H'15 Operating profit before taxes 153.9 144.7 235.2 190.3 Asbestos: Asbestos adjustments 1 (65.6) (63.5) (60.7) (41.2) NZ weathertightness claims (0.1) 2.3 0.1 1.0 Adjusted net operating profit before taxes 88.2 83.5 174.6 150.1 Adjusted income tax expense 2 (22.9) (18.1) (45.8) (34.6) Adjusted effective tax rate 26.0% 21.7% 26.2% 23.1% Income tax expense (23.7) (17.5) (45.0) (34.2) Income taxes paid 35.1 16.0 Income taxes payable 4.3 5.5 Three Months and Half Year Ended 30 September 26.2% estimated adjusted effective tax rate

PAGE 1 CASHFLOW 19 • Net income increased US$34.1 million compared to prior corresponding period • Increase in net operating cash flow • Lower contribution to AICF • Unfavorable change in working capital due to unfavorable movements in AR 4 and AP 4 , partially offset by a favorable movement in inventory • Lower capital expenditures • Completion of our Australian capital expansion project, and near completion of our US capital expansion projects • Lower financing activities • Decrease in proceeds drawn from our debt facilities • Decrease in dividends paid • Increase in share buyback activity 1 Certain prior year balances have been reclassified to conform to the current year presentation  2     Excludes AP related to capital expenditures 3 Includes capitalized interest and proceeds from sale of property, plant and equipment 4 Accounts receivable (“AR”) and Accounts payable (“AP”) US$ Millions 1H'16 1H'15 1 Change (%) Net Income 190.2 156.1 Adjustment for non-cash items (20.0) (4.4) Annual AICF contribution (62.8) (113.0) 44 Operating working capital 2 7.0 8.6 (19) Other net operating activities (28.9) (13.2) Cash Flow from Operations 85.5 34.1 Capital expenditures 3 (33.8) (159.7) 79 Acquisition of assets (0.5) - Free Cash Flow 51.2 (125.6) Dividends paid (206.8) (355.9) 42 Net proceeds from long-term debt 193.0 380.0 (49) Share related activities (18.5) (6.3) Free Cash Flow after Financing Activities  18.9 (107.8)

PAGE CAPEX 20 • 1H FY16 CAPEX spend of US$42.4 million decreased US$117.1 million compared to pcp • US capacity projects substantially complete • Carole Park capacity expansion project complete and commissioned during 1H FY16 • Maintenance and other CAPEX consistent with historical trend $14.8 $27.6 CAPEX Spend - Half Year FY16 Capacity Maintenance & Other

PAGE FINANCIAL MANAGEMENT SUPPORTING GROWTH 21 1 2 3 Strong Financial Management Disciplined Capital Allocation Liquidity and Funding Strong margins and operating cash flows Strong governance and transparency Investment-grade financial management Investing in R&D and capacity expansion to support organic growth Maintain ordinary dividends within the defined payout ratio Flexibility for: • Accretive and strategic inorganic opportunities • Withstand market cycles • Consider further shareholder returns when appropriate ~$590 million of bank facilities, 44% liquidity as of Q2’16 1.9 year weighted average maturity of bank facilities Conservative leveraging of balance sheet within 1-2 times adjusted EBITDA target Financial management consistent with investment grade credit. Ability to withstand market cycles and other unanticipated events.

PAGE LIQUIDITY PROFILE 22 • Strong balance sheet: • US$83.6 million of cash • US$590 million of bank facilities • US$325 million 8 year senior unsecured notes 2,3 • 44% liquidity as of Q2’16 • US$507.0 million net debt as of 1H FY16 • Net Debt within target range of 1-2 times EBITDA excluding asbestos • We remain in compliance with all debt covenants 1 Debt maturities as at Q2’16 were as follows: US$50 million in Q4’16, US$150 million in Q1’17, US$100 million in  Q1’18, US$125 million Q3’18, US$40 million in Q4’19, US$125 million in Q1’20 and US$325 million in Q4’23 2 Callable from February 2018 3 Original issue discount (OID) US$2.4 million at 30 September 2015 $50 $150 $225 $40 $125 $325 FY'16 FY'17 FY'18 FY'19 FY'20 FY'23 Debt Maturity Profile 1

PAGE FY2016 GUIDANCE 23 • Management notes the range of analysts’ forecasts for net operating profit excluding asbestos for the year ending 31 March 2016 is between US$252 million and US$270 million • Management expects full year Adjusted net operating profit to be between US$230 million and US$250 million assuming, among other things, housing conditions in the United States continue to improve in line with our assumed forecast of new construction starts between 1.1 and 1.2 million, input prices remaining stable and an average USD/AUD exchange rate that is at or near current levels for the remainder of the year • Management cautions that although US housing activity has been improving, market conditions remain somewhat uncertain and some input costs remain volatile. Management is unable to forecast the comparable US GAAP financial measure due to uncertainty regarding the impact of actuarial estimates on asbestos-related assets and liabilities in future periods

QUESTIONS

APPENDIX

PAGE FINANCIAL SUMMARY 1 Asia Pacific Fiber Cement EBIT excludes New Zealand weathertightness claims 2    Excludes Asbestos related expenses and adjustments 26 US$ Millions Q2'16 Q2'15 % Change 1H'16 1H'15 % Change  Net Sales USA and Europe Fiber Cement 361.9 $       335.4 $       8 698.9 $       656.9 $       6 Asia Pacific Fiber Cement 88.3 105.0 (16) 179.6 200.3 (10) Total Net Sales 450.2 $       440.4 $       2 878.5 $       857.2 $       2 EBIT - US$ Millions USA and Europe Fiber Cement 89.4 $         74.8 $         20 178.9 $       142.8 $       25 Asia Pacific Fiber Cement 1 22.0 25.7 (14) 41.7 46.4 (10) Research & Development (6.0) (6.8) 12 (12.0) (13.6) 12 General Corporate 2 (10.1) (8.6) (17) (23.6) (19.3) (22) Adjusted EBIT 95.3 $         85.1 $         12 185.0 $       156.3 $       18 Net interest expense excluding AICF interest income (6.5) (1.6) (12.5) (2.5) Other (expense) income (0.6) - 2.1 (3.7) Adjusted income tax expense (22.9) (18.1) (27) (45.8) (34.6) (32) Adjusted net operating profit 65.3 $         65.4 $         - 128.8 $       115.5 $       12 Three Months and Half Year Ended 30 September

PAGE 1 Excludes asbestos adjustments, AICF SG&A expenses, AICF interest income, New Zealand weathertightness claims and tax adjustments 2 Excludes asbestos adjustments, AICF SG&A expenses and New Zealand weathertightness claims 3 Excludes asbestos adjustments and changes in asbestos-related assets and liabilities KEY RATIOS 27 1H'16 1H'15 1H'14 EPS (Diluted) 1 (US Cents) 29c 26c 24c EBIT/ Sales (EBIT margin) 2 21.1% 18.2% 18.3% Gearing Ratio 1 33.1% 21.5% (9.5)% Net Interest Expense Cover 2 14.8x 96.3x 66.8x Net Interest Paid Cover 2 15.5x 200.7x 77.9x Net Debt Payback 3 1.7yrs 1.1yrs - Half Year Ended 30 September

PAGE ASBESTOS CLAIMS DATA 28 • Claims received during the quarter and half year were 5% and 10% below actuarial estimates, respectively • Mesothelioma claims reported for the half year are 5% above non-seasonally adjusted expectations and are 3% below pcp • Average claim settlement for quarter and half year is lower by 29% and 26%, respectively, versus actuarial estimates • Average claim settlement sizes are generally lower across all disease types compared to actuarial estimates for FY16 • Decrease in average claim settlement for the quarter and half year is due to lower number of large claims settled as compared to pcp 1       Average claim settlement is derived as the total amount paid divided by the number of non-nil claim settlements 2 This actuarial estimate is a function of the assumed experience by disease type and the relative mix of settlements assumed by disease type.  Any variances in the assumed mix of settlements by disease type will have an impact on the average claim settlement experience Q2'16 Q2'15 Change % 1H'16 1H'15 Change % Claims received 157 181 13 296 337 12 Actuarial estimate for the period 165 152 (9) 329 305 (8) Difference in claims received to actuarial estimate 8 (29) 33 (32) Average claim settlement 1 (A$) 213,000 270,000 21 223,000 244,000 9 Actuarial estimate for the period 2 302,000 289,000 (4) 302,000 289,000 (4) Difference in claims paid to actuarial estimate 89,000 19,000 79,000 45,000 (76) Three Months and Half Year Ended 30 September

PAGE DEFINITIONS AND OTHER 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 Consolidated Financial Statements Definitions Non-financial Terms AFFA – Amended and Restated Final Funding Agreement AICF – Asbestos Injuries Compensation Fund Ltd NBSK – Northern Bleached Soft Kraft; the company's benchmark grade of pulp Legacy New Zealand weathertightness claims (“New Zealand weathertightness claims”) – Expenses arising from defending and resolving claims in New Zealand that allege poor building design, inadequate certification of plans, inadequate construction review and compliance certification and deficient work by sub-contractors 29

PAGE DEFINITIONS AND OTHER TERMS 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 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: 30

PAGE DEFINITIONS AND OTHER TERMS 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 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 capitalized 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 31

PAGE Adjusted EBIT and Adjusted EBIT margin – Adjusted EBIT and Adjusted EBIT margin 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 focused 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. NON-US GAAP FINANCIAL MEASURES 32 US$ Millions Q2'16 Q2'15 1H'16 1H'15 EBIT 161.1 $              145.6 $              245.6 $              196.0 $              Asbestos: Asbestos adjustments (66.0) (63.5) (61.5) (42.0) AICF SG&A expenses 0.3 0.7 0.8 1.3 New Zealand weathertightness claims (0.1) 2.3 0.1 1.0 Adjusted EBIT 95.3 85.1 185.0 156.3 Net sales 450.2 $              440.4 $              878.5 $              857.2 $              Adjusted EBIT margin 21.2% 19.3% 21.1% 18.2% Three Months and Half Year Ended 30 September

PAGE Adjusted net operating profit – Adjusted net operating profit 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 focused on the performance of its ongoing operations. Management uses this non-US GAAP measure for the same purposes. NON-US GAAP FINANCIAL MEASURES 33 US$ Millions Q2'16 Q2'15 1H'16 1H'15 Net operating profit 130.2 $              127.2 $              190.2 $              156.1 $              Asbestos: Asbestos adjustments (66.0) (63.5) (61.5) (42.0) AICF SG&A expenses 0.3 0.7 0.8 1.3 AICF interest expense (income), net 0.1 (0.7) - (0.5) New Zealand weathertightness claims (0.1) 2.3 0.1 1.0 Asbestos and other tax adjustments 0.8 (0.6) (0.8) (0.4) Adjusted net operating profit 65.3 $               65.4 $               128.8 $              115.5 $              Three Months and Half Year Ended 30 September

PAGE Adjusted diluted earnings per share – Adjusted diluted earnings per share 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 focused on the performance of its ongoing operations. Management uses this non-US GAAP measure for the same purposes. 34 NON-US GAAP FINANCIAL MEASURES Q2'16 Q2'15 1H'16 1H'15 Adjusted net operating profit (US$ millions) 65.3 $               65.4 $               128.8 $              115.5 $              Weighted average common shares outstanding - Diluted (millions) 446.7 445.8 447.3 445.7 Adjusted diluted earnings per share (US cents) 15 15 29 26 Three Months and Half Year Ended 30 September

PAGE Adjusted income tax expense and Adjusted effective tax rate – Adjusted income tax expenses and Adjusted effective tax rate is not a measure of financial performance under US GAAP and should not be considered to be more meaningful than income tax expense and effective tax rate, respectively. Management has included these financial 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. Management uses these non-US GAAP measures for the same purposes. NON-US GAAP FINANCIAL MEASURES 35 US$ Millions Q2'16 Q2'15 1H'16 1H'15 Operating profit before income taxes 153.9 $              144.7 $              235.2 $              190.3 $              Asbestos: Asbestos adjustments (66.0) (63.5) (61.5) (42.0) AICF SG&A expenses 0.3 0.7 0.8 1.3 AICF interest expense (income), net 0.1 (0.7) - (0.5) New Zealand weathertightness claims (0.1) 2.3 0.1 1.0 Adjusted operating profit before income taxes 88.2 $               83.5 $               174.6 $              150.1 $              Income tax expense (23.7) $              (17.5) $              (45.0) $              (34.2) $              Asbestos and other tax adjustments 0.8 (0.6) (0.8) (0.4) Adjusted income tax expense (22.9) $              (18.1) $              (45.8) $              (34.6) $              Effective tax rate   15.4% 12.1% 19.1% 18.0% Adjusted effective tax rate 26.0% 21.7% 26.2% 23.1% Three Months and Half Year Ended 30 September

PAGE NON-US GAAP FINANCIAL MEASURES 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. 36 US$ Millions Q2'16 Q2'15 1H'16 1H'15 EBIT 161.1 $               145.6 $               245.6 $               196.0 $               Depreciation and amortization 17.6 17.5 35.8 34.1 Adjusted EBITDA 178.7 $               163.1 $               281.4 $               230.1 $               Three Months and Half Year Ended 30 September

PAGE Adjusted selling, general and administrative expenses – Adjusted selling, general and administrative expenses is not a measure of financial performance under US GAAP and should not be considered to be more meaningful than selling, general and administrative expenses. Management has included these financial 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 provides useful information regarding its financial condition and results of operations. Management uses these non-US GAAP measures for the same purposes. NON-US GAAP FINANCIAL MEASURES 37 US$ Millions Q2'16 Q2'15 1H'16 1H'15 Selling, general and administrative expenses 62.6 $               60.8 $               124.1 $              120.7 $              Excluding: New Zealand weathertightness claims 0.1 (2.3) (0.1) (1.0) AICF SG&A expenses (0.3) (0.7) (0.8) (1.3) Adjusted selling, general and administrative expenses  62.4 $               57.8 $               123.2 $              118.4 $              Net sales 450.2 $              440.4 $              878.5 $              857.2 $              Selling, general and administrative expenses as a percentage of net sales 13.9% 13.8% 14.1% 14.1% Adjusted selling, general and administrative expenses  as a percentage of net sales 13.9% 13.1% 14.0% 13.8% Three Months and Half Year Ended 30 September

Q2 FY16 MANAGEMENT PRESENTATION 19 November 2015