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Investor Presentaiton

Project Pipeline - Medium Term We are in the earlier stages of a strong infrastructure cycle in key east coast markets BORAL Major transport infrastructure construction projects 1,2 (A$b) 17 Albion Park Bypass Forecasts AdeLINK Light Rail 16 Value of Work Done by Year (Years Ended June) Infrastructure pipeline is east coast dominant Logan Northlink Canberra Light Rail Rail Revival Regiondow Balla Vic Perth Metronet Rail Level Crossing Removal Melb. Inland Rail 15 14 • Galllee Railin Projects are close to Melbourne Metro Rail Cross River Rail 13 integrated Boral operations 12 Gold Coast Light Rail 11 Rio Tinto, Bunbury w Legacy Way NORRA-QLD BHP Billiton Pilbara Rail Fortescue Pilbara Rail South West fo Wiggins Isand Regional Rail Link VIC Rail QLD Moreton Bay Rail North De Roy Hill EastLink 5thn Hume NorthConnex Hunter Expressway 2006 ney Clearways Ipswich Mwy Clem7 Airport Link Bris. M80 Melb Peninsula Link M2M Upgrades Webb Dock Pacific Highway Upgrading City Link Tula widening 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 1. Source: Macromonitor, Construction Materials forecast, February 2018 estimates 2. Chart prepared exclusively by Macromonitor based on publicly available data. Boral has not independently verified either the historical data or forecasts. Chart shows financial years and projects with total value >A$500m only 3. Forecast spending represents Macromonitor's indicative estimation of likely spending based on currently available information. There can be no assurance that actual results will be as forecasted and such differences can be material. There can be no assurance regarding the proportion of forecast project spending that represents requirements for which Boral is a potential supplier, or that Boral will be successful in generating revenue from any of these projects 33 y Metro ney Me Sydnewest Sydney Metro - City & Southwest 10 Boral Project Management Office aligning strategy 9 alde Sydney Light Rail 2nd Range Coding Ping Ri mdorway West Gate Tunnel - Melb. Western Sydney Roads WestConnex Avoid 'winners curse' by 8 7 NC Link Melbourne 6 5 ensuring capacity to service both major project demand and underlying core markets 4 3 2 Bruce Highway Upgrading 1 0 2020 2021 2022 2023 Project Pipeline - Longer Term The major project pipeline post 2022 is building with government announcements 'The government's 10-year national infrastructure plan' 2018 Federal budget $220 million $1.05 billion $150 million Outback Way $944 million Perth stan $160 million $560 million $100 million e $100 million $3.3 billion Bran Highway Newt. Prities CoC Section (800 $1.2 billion $170 million by chang 5100 million Highway $220 million $50 million Sl $177 million $390 million Rela $1 billion Par Mature any test section $300 million $971 million Dypes $400 million $155 million Up to $5 billion $132 million Charle pa $225 million $1.75 billion arthst $475 million $140 million BORAL Key projects announced in NSW and Vic where Boral has a strong integrated position Projects are in early stages and indicate a continued long-term pipeline of major projects • Federal and State government budgets include funding for large infrastructure projects • Boral will engage early to build solutions utilising our capability to differentiate and effectively compete Source: The Australian Financial Review, 10 May 2018 (First Published Business Insider Australia, Sarah Kimmorley, May 8 2018) $400 million $461 million BO 34
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