Investor Presentaiton

USG BORAL AUSTRALIAN FOOTPRINT NT QLD 14 USG BORAL INNOVATION INSPIRED BY YOU." • • SheetrockⓇ produced at Camellia (NSW), Pinkenba (Qld) and Port Melbourne (Vic) SheetrockⓇ adoption rates > 90% Strong distribution network comprising USG Boral owned and independent distributors plus retail distributors Significant revenue growth since JV formation driven by strong volume growth and solid price growth; prices moderated in 1H FY18 Australia/NZ - revenue WA 7 SA 4 NSW/ ACT 14 A$m CAGR¹ p.a. 13% 504 529 432 13 371 Board plant Joint compound plant GRA gypsum mine Rondo metal JV VIC/TAS USG Boral owned distribution sites² 1. Compound annual growth rate from FY14 to FY17 2. Includes Rondo distribution sites owned in JV with CSR OPPORTUNITIES ✓ Grow commercial segment exposure NextGen 2.0 297 266 FY14 FY15 FY16 FY17 1H FY17 1H FY18 New products ✓ Leverage Pinkenba capacity to grow New Zealand niche market ✓ Operational cost improvements USG BORAL INNOVATION INSPIRED BY YOU." Twin towers comprising Ritz Carlton (204 rooms) and apartments, WA 81 82

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