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Investor Presentaiton

Strong QLD Materials Demand Outlook Resilient concrete demand and rising asphalt activity with an SEQ focus QLD Quarries Demand (mt) 80 QLD Premix Concrete Demand (mm3) QLD Asphalt Demand (mt) 4.0 8 7 6 5 4 3 2 1 3.5 Other QLD 3.0 2.5 2.0 1.5 SEQ 1.0 0.5 70 Other QLD 60 50 40 30 SEQ 20 10 BORAL Other QLD SEQ 1= 22 2222 Source: Macromonitor Construction Materials Forecast, February 2018; financial years ending 30 June ■ Recent concrete growth heavily weighted to residential and non residential building activity Lifestyle and affordability factors driving higher migration and underpinning future fundamentals 2018 ■ Strong asphalt demand growth particularly in SEQ and Toowoomba Major project and increased maintenance spend driving demand forecasts 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 ■ Quarries demand linked to concrete and asphalt activity Major road activity contributing to higher quarry volumes " Major SEQ Initiatives Maintaining and strengthening Boral's SEQ position Redbank Concrete Plant Toowoomba Asphalt Plant SEQ Quarries BORAL 51 Plant replacement with improved access to growth corridor SW Bris. Capital light solution of ~$6m using freehold land & surplus LNG plant Completion in Oct 2017 with site consented 24/7 and large storage improves supply chain efficiencies ■New $10m plant and depot will address current site encroachment Completion by late 2018 with capacity of 140ktpa (from 30ktpa) ■ Lower cost plant with efficient heating costs, reduced waste and maintenance costs Improving SEQ quarry network efficiency and capacity position with Ormeau investment Assessing other network options to build competitive long term position Balancing natural and manufactured sand positions 52 62
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