Investor Presentaiton

Paints & Coatings - ANZ A$ million H1 16 H1 15 % % of H1 16 Group Sales and Business EBIT Sales 452.5 442.4 2.3 EBITDA excl non-recurring items 91.1 87.6 4.0 53% EBIT excl non-recurring items 82.6 78.7 5.0 دد 73% EBIT margin excl non-recurring items 18.3% 17.8% 0.5pts % Sales % EBIT Non-recurring items (13.8) ◉ Australian sales growth of 4%, driven by market share gains and modest price gains (mix-driven). Market flat - short term retail 'correction' offset by new housing growth. EBIT growth reflects sales growth and good cost control ■ New Zealand sales and EBIT declined due to Mitre 10 exit (H2 15), in line with guidance (~10% of segment) FY16 EBIT margin expected to be slightly higher than FY15 End Markets 1 % sales Industrial 5% Commercial & Infrastructure 15% New Housing 15% Maintenance & Home Improvement 65% 1. Based on FY15 results and consistent with H1 16 Refer to Appendix for definitions. EBITDA, EBIT and EBIT margin excluding non-recurring items are adjusted for the one-off restructuring provisions relating to the supply chain projects. Figures are directly extracted from the Financial Statements. DuluxGroup Imagine a better place 10

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