James Hardie Investor Day 2024 Presentation - Day Two

James Hardie Industries plc (ASX: $JHX) has unveiled its Investor Day 2024 Presentation - Day Two, outlining its aspirational goal of enhancing the aesthetics and durability of ~25 million homes with James Hardie siding by 2035. The company also shared its long-term financial value creation framework and announced an increased share buyback program.

Executive Commentary on Aspirational Goal and Financial Aspirations

Speaking at the Investor Day 2024 Presentation, James Hardie CEO Aaron Erter expressed the company's ambition to double its presence in the market to ~25 million homes with James Hardie siding by leveraging its strategy of being Homeowner Focused, Customer and Contractor Driven. He emphasized the potential for double-digit revenue growth over the long-term and outlined the financial implications of this goal, including the expansion of nameplate capacity and the aspiration to expand North America EBITDA margins by 500bps+ versus the FY24 baseline and triple the company's North American adjusted EBITDA versus the FY24 baseline. James Hardie CFO Rachel Wilson highlighted the company's commitment to delivering profitable growth, sustaining strong returns on capital, and generating attractive returns to shareholders.

Summary of Investor Day 2024 Presentation

James Hardie Industries plc has set an aspirational goal of enhancing the aesthetics and durability of ~25 million homes with James Hardie siding by 2035, reflecting its strategy of being Homeowner Focused, Customer and Contractor Driven. The company aims to achieve double-digit revenue growth over the long-term and expand North America EBITDA margins by 500bps+ versus the FY24 baseline, as well as triple the company's North American adjusted EBITDA versus the FY24 baseline. Additionally, James Hardie announced an increased share buyback program, with the Board approving a US$50 million increase, bringing the total authorization to purchase up to US$300 million of common stock.