Investor Presentaiton
Asian markets represent strong growth
potential for JV building products
2013 Market size in JV region¹
(million m²)
Total
2,262
■Non-China
China
BORAL®
USG
2013 Market size in JV region - except China¹
(million m²)
■Korea
241812
Australia
44
Indonesia
223
55
83
Total
682
Thailand
India
■Middle East²
■Vietnam
87
136
■Malaysia & Singapore
Philippines
Market Highlights
Korea:
Australia:
Indonesia:
Thailand:
China:
India:
Middle East:
mature market with strong potential in residential wall penetration
mature market with appetite for high performance and high quality products
strong growth in third most populated country in Asia, with large consumer market
solid growth with opportunity to increase plasterboard penetration
largest market with continued growth due to government limitations on brick and clay
demand for faster building construction is accelerating modern product usage
steady growth resulting from strong government investment in numerous markets
1. USG and Boral estimates for plasterboard market (excluding ceiling tiles)
2. Middle East defined as including UAE, Oman and Saudi Arabia
Strong macro fundamentals driving
growing market demand
17
BORAL®
USG
•
Real GDP growth - Asian countries¹
Strong economic growth forecast across most
Asian markets
Increasing commercial projects expected to drive
growth in non-residential construction
Increasing urbanisation will drive growth in
residential new build
Forecast real GDP growth - 5 year CAGR to 20181
Revenue contribution from largest to smallest
Plasterboard demand/GDP per capita¹
Historically plasterboard use starts in ceilings then moves
to walls, and starts in commercial then moves to housing
Lightweight, flexible and easy to install characteristics
make plasterboard the interior lining product of choice
-
USG technology expected to enhance this attribute
■ Asia expected to become the world's largest plasterboard
market by 2015
10.0
Canada
USA
Australia
South Korea →
UAE
4.8%
3.9%
7.0%
6.3%
5.9%
5.5%
5.6%
5.1%
Plasterboard demand per capita
(m2 per person - log scale)
1.0
0.1
0.0
1
Thailand China
◆Singapore
Malaysia
Oman
Saudi Arabia.
Vietnam
Indonesia Mexico
Philippines
India
1.
Source: IMF data at October 2013
2. Boral management estimates for plasterboard demand. GDP per capital and population based on IMF 2013 forecast data.
10
GDP per capita
(US$000 log scale)
100
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