Business Context and Reporting Period
Company: James Hardie Industries N.V. (James Hardie Industries Plc)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Reporting Period: Third Quarter of Fiscal Year 2009 (Q3 FY09)
Filing Date: February 16, 2009
This filing serves as a cover document incorporating by reference the Q3 FY09 Media Release, Management's Analysis of Results, Management's Presentation, and Consolidated Financial Report. The registrant is a foreign private issuer headquartered in Amsterdam, The Netherlands.
Key Financial Metrics
Revenue, Profit, Cash Flow, Margins, Debt, and Liquidity: The provided text is a cover sheet and exhibit index. It does not contain specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These figures are contained within the referenced exhibits (Exhibits 99.1 through 99.4), which are not included in the input text.
Material Changes
The filing text does not provide specific data regarding material changes versus the prior comparable period. Investors must refer to the incorporated exhibits for comparative financial analysis.
Guidance, Outlook, Risks, and Contingencies
Forward-Looking Statements: The filing includes a comprehensive Safe Harbor Statement regarding forward-looking statements found in the attached exhibits. These statements are subject to risks and uncertainties that may cause actual results to differ materially from expectations.
Key Risks and Contingencies Identified:
- Asbestos Liabilities: Expectations regarding payments to the Asbestos Injuries Compensation Fund (AICF) and the impact of foreign exchange rates on recorded asbestos liabilities.
- Legal Proceedings: Potential consequences of proceedings by the Australian Securities and Investments Commission against the company and former directors/officers.
- Operational Risks: Costs associated with the suspension or closure of plants and future plans for such facilities.
- Financial Obligations: Expectations concerning credit facility renewals, dividend payments, and tax liabilities/audits.
- Market and Economic Factors: Competition, product pricing, raw material costs, general economic conditions, and foreign exchange risks.
- Environmental and Product Risks: Exposure to environmental, asbestos, or other legal proceedings; product failures or defects.
Investor Verification Checklist
- Verify the specific Q3 FY09 financial results (revenue, earnings, cash flow) in the incorporated Consolidated Financial Report (Exhibit 99.4).
- Review the Management's Analysis of Results (Exhibit 99.2) for explanations of performance variances.
- Assess the current status and funding requirements of the Asbestos Injuries Compensation Fund (AICF).
- Monitor the status of legal proceedings involving the Australian Securities and Investments Commission.
- Confirm the status of credit facilities and any potential changes to dividend policies.