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Investor Presentaiton

Innovation Building a culture of customer focused innovation and commercialisation BORAL Driving margin growth through new products Commercialisation Focus on collaboration and partnerships • Objectives Continual review of product, service and business models to maximise the potential benefits of innovation Digital innovation to feature heavily Commercialising products centred on customer needs and materials science Includes early strength and low carbon concrete and recycled asphalt products Leveraging Boral's history of innovation, product development and technical capability Greater collaboration with USA and USG Boral as well as external partners Progress . In-house R&D and product innovation centres at Maldon and Baulkham Hills . New B/Hub 'idea incubator' site for agile development / commercialisation Launching Concrete customer apps and new website with enhanced mobility and e-commerce functions Launch of new products including Vantage® and AspireⓇ Strengthening technical sales capability Expanding links with Boral Innovation Factory in San Antonio • Partnerships established with leading Australian universities Financial Performance Solid earnings growth reflects successful progress on key strategies BORAL Reported EBITDA ($m) EBITDA return on sales (ex property) (ROS, %) Return on funds employed (ROFE, %) 551 535 523 24 474 46 28 448 8 28 16.0% 16.3% 15.1% 13.7% 15.9% 12.3% 11.2% 527 264 9 294 0 15.4% 1 14.6% 13.7% 13.5% 12.9% 11.0% 9.0% 489 495 466 420 3.7 3.8 3.6 294 3.3 3.3 255 ---- 2.7 2.6 2.4 1.6 1.8 FY13 FY14 FY15 FY16 FY17 1H Core ($m) 1H FY17 FY18 Property ($m) FY13 FY14 FY15 FY16 FY17 1H 1H FY17 FY18 Sales ($b) ROS (%) 24 2.4 2.4 2.4 2.5 FY13 FY14 FY15 FY16 FY17 1H 1H FY17 FY18 Net Assets ($b) ROFE (%) 26 25
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