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Investor Presentaiton

• *Outlook for FY2018 (as announced on ASX on 24 April 2018) Boral Australia BORAL Including Property, Boral Australia is now expected to deliver improved earnings growth with an expected increase of approximately 10-20% in FY2018 compared with FY2017, on both an EBITDA and EBIT basis. Earnings in Boral Australia were lower than we expected in the March quarter due to an unscheduled kiln outage at Berrima, continued challenging conditions in Western Australia, and a rain impacted Queensland market. However, a strong June 2018 quarter is expected from Boral Australia, especially if favourable weather conditions occur as they did in the June 2017 quarter. Boral now expects a total EBITDA contribution from Property in FY2018 of approximately $55 million to $65 million, with the sale of the Prospect site having progressed earlier than expected. Agenda Major Projects are an avenue for continued Boral Australia growth • Boral Australia Overview Joe Goss Major Projects Wayne Manners Cement Ross Harper Property Brian Tasker QLD Region Simon Jeffery Forrestfield Airport Link, WA (Photo supplied courtesy of Salini) BORAL 28 27
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