Investor Presentaiton

PRICE • • • Price benefiting from increasing contribution from SheetrockⓇ and technical board - SheetrockⓇ premium achieved Strong economic conditions and construction activity in developed markets delivered price growth Competitive price pressures in Thailand, Indonesia and Vietnam Significant price growth in China in 1H FY18 due to temporary supply constraints and waste paper inflation Plasterboard ASP1 - pcp USG BORAL INNOVATION INSPIRED BY YOU." Australia Korea Thailand China Indonesia FY14 FY15 FY16 FY17 -> 會 -> -> 1H FY18 Growing contribution from SheetrockⓇ % of plasterboard revenue SheetrockⓇ (premium) Core board 9 79 100 91 79 65 57 • Cost inflation partially offset through price and optimising product mix 43 35 21 FY14 FY15 FY16 FY17 1H FY18 1. Average selling price EXPANDED PRODUCT PORTFOLIO • Customer focused full product suite / system solutions Growing loyalty of our customers to our brand (distributors, subcontractors, contractors) Enhancing revenue and earnings USG BORAL INNOVATION INSPIRED BY YOU." Product sales mix¹ % 10 8 8 60 7 7 SecurockⓇ Fiberock® Glass-Mat Sheathing SheetrockⓇ 43 (premium) 57 Metal ceiling Core board 70 Standard board 1. Based on split of 1H FY18 underlying revenue for USG Boral 2. Includes ceiling tile and ceiling grid 3. Other includes gypsum, cornice, others Plasterboard ⚫ Ceilings² ●Metal stud ● Compounds and plaster Contracting ⚫ Other³ 30 Technical board 67 68

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