James Hardie Industries : Statutory Accounts For the Year Ended 31 March 2021

James Hardie Industries plc

Irish Statutory Accounts

For the Year Ended 31 March 2021

James Hardie Industries plc

Directors' Report and

Consolidated Financial Statements

For the Year Ended 31 March 2021

FY 2021 Irish Statutory Accounts

James Hardie Industries plc

Table of Contents

Reading this Report	ii
Directors' Report	1
Directors' Responsibilities Statement	7
Appendix to the Directors' Report	8
Independent Auditor's Report	9
Consolidated Statements of Operations and Comprehensive Income	17
Consolidated Balance Sheets	18
Consolidated Statements of Cash Flows	19
Consolidated Reconciliation of Movement in Shareholders' Equity (Deficit)	20
Notes to Consolidated Financial Statements	21
Glossary of Abbreviations and Terms	38
Forward-Looking Statements	40
Company Balance Sheet	42
Company Statement of Changes in Equity	43
Notes to Company Financial Statements	44

FY 2021 Irish Statutory Accounts

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James Hardie Industries plc

Reading this Report

These Irish Statutory Accounts contain a Directors' Report and audited consolidated financial statements and accompanying footnote disclosures prepared in accordance with accounting principles generally accepted in the United States of America ("US GAAP"), modified to comply with specific provisions of Irish Company Law for the consolidated entity consisting of James Hardie Industries plc and its direct and indirect wholly-owned subsidiaries and special purpose entity, (collectively referred to as "the Company"). In addition, these Irish Statutory Accounts include the James Hardie Industries plc Company Balance Sheet and related footnotes prepared on the going concern basis under the historical cost convention in accordance with the Companies Act 2014 and Financial Reporting Standard 101 Reduced Disclosure Framework ("FRS 101").

For the year ended 31 March 2021, the Company has included, as an Appendix to the Directors' Report, its fiscal year 2021 US and Australian Annual Report ("FY2021 Annual Report"). This report has been filed with the US Securities and Exchange Commission ("SEC") and, except for the exhibits to the FY2021 Annual Report, is included in its entirety as an Appendix to the Directors' Report. These exhibits can be obtained by accessing the Company's FY2021 Annual Report on Form 20-F on the SEC's website at www.sec.govand on the Investor Relations area of the Company's website at www.ir.jameshardie.com.au. Disclosures in the Directors' Report and consolidated financial statements that are duplicative to the FY2021 Annual Report have been cross-referenced to the relevant section(s) in the FY2021 Annual Report.

The Independent Auditor's Report included on pages 9-16 refers solely to the financial statements included in the Irish Statutory Accounts. The Report of Independent Registered Public Accounting Firm included in the FY2021 Annual Report (Appendix to the Directors' Report) refers solely to the financial statements in the FY2021 Annual Report which were prepared under US GAAP. As such, readers should not rely on the Report of Independent Registered Public Accounting Firm included in the FY2021 Annual Report as it does not relate to the financial statements included in the Irish Statutory Accounts.

FY 2021 Irish Statutory Accounts

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James Hardie Industries plc

Directors' Report

For the year ended 31 March 2021

The directors present their report and audited consolidated financial statements for the fiscal year ended 31 March 2021 on the consolidated entity of James Hardie Industries plc ("JHI plc" or the "Parent Company") and its wholly-owned subsidiaries and special purpose entity. Unless the context indicates otherwise, JHI plc and its direct and indirect wholly-owned subsidiaries and special purpose entity (as of the time relevant to the applicable reference) are collectively referred to as "James Hardie", the "James Hardie Group" or the "Company".

The directors have elected to prepare the consolidated financial statements in accordance with Section 279 of the Companies Act 2014, which provides that a true and fair view of the assets and liabilities, financial position and profit or loss may be given by preparing the financial statements in accordance with accounting principles generally accepted in the United States of America ("US GAAP"), as defined in Section 279(1) of the Companies Act 2014, to the extent that the use of those principles in the preparation of the financial statements does not contravene any provision of the Companies Act 2014 or of any regulations made thereunder.

Directors' Compliance Statement

As required by section 225(2) of the Companies Act 2014, the directors acknowledge that they are responsible for the Company's compliance with its relevant obligations (as defined in section 225(1) of the Companies Act 2014). The directors confirm that a "compliance policy statement" (as defined in section 225(3)(a)) has been drawn up, that appropriate arrangements and structures that are, in the directors' opinion, designed to secure material compliance with the company's relevant obligations have been put in place and that a review of those arrangements and structures has been conducted in the financial year to which this report relates.

Audit Committee

As required by section 167(3) of the Companies Act 2014, the directors hereby state that the Company has established an audit committee.

Principal Activities

See "Information on the Company - Business Overview - General Overview of our Business" in Section 1 of the Appendix to this Directors' Report.

Review of the Development and Performance of the Business

Trends and Economic Events

See "Management's Discussion and Analysis - Outlook and Trend Information" in Section 2 of the Appendix to this Directors' Report.

Operating Results

See "Management's Discussion and Analysis - Operating Results" in Section 2 of the Appendix to this Directors' Report.

In addition, refer to Note 1 of the consolidated financial statements in relation to the differences arising between the Irish Statutory Accounts and the Appendix to the Directors' Report for the year ended 31 March 2019.

FY 2021 Irish Statutory Accounts

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