Investor Presentaiton

Core home improvement market is sound End Market Exposure¹ Commercial & Infrastructure 15% Industrial 5% New Housing 15% Maintenance & Home Improvement 65% Comments Home Improvement Market - 65% Underlying demand fundamentals of market remain generally strong • GDP growth stable • Interest rates low • House prices high • • Consumer confidence mixed Short term correction in retail channel in the first half Underlying consumer demand remains sound, consistent with history (11.5% volume growth) New Housing Market - 15% New housing approvals have peaked in Australia but there is a strong pipeline of work given lag between approvals and commencements • Commercial and Infrastructure Market - 15% Commercial markets are relatively strong Infrastructure markets are still weak (especially energy and resources projects) with civil infrastructure growth not expected until 2017 10 million dwellings in Australia and approximately 70% are older than 20 years 2. 1. Based on FY 15 results and consistent with H1 16 2. 2011 Census and other ABS data DuluxGroup Imagine a better place 6

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