Business Context and Reporting Period
Company: James Hardie Industries Plc (formerly James Hardie Industries SE)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Reporting Period: Month of June 2013 (Filed June 10, 2013)
Headquarters: Dublin 2, Ireland
This filing serves as a conduit for the submission of Appendices 3B dated June 5, 2013, and June 7, 2013. The document primarily contains Safe Harbor statements regarding forward-looking information and an exhibit index. It does not contain a full financial report or operational results for the period.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This document is a procedural filing referencing other materials (Appendices 3B) rather than a standalone financial statement.
Material Changes
No material changes in financial performance or operations are detailed in this specific text. The filing references the company's prior corporate domicile transfer from The Netherlands to Ireland as a historical context for potential tax benefits and governance changes.
Guidance, Outlook, and Risks
Forward-Looking Statements: The filing includes an extensive Safe Harbor statement cautioning that future performance projections involve inherent risks. Key areas of uncertainty include:
- Asbestos Liabilities: Contributions to the Asbestos Injuries Compensation Fund (AICF), potential shortfalls, and currency exchange impacts on recorded liabilities.
- Legal Proceedings: Actions by the Australian Securities and Investments Commission (ASIC) against former directors and officers, and proceedings by the New Zealand Ministry of Education against subsidiaries regarding product liabilities.
- Market Conditions: Dependence on housing recovery, new home construction, renovation levels, and consumer confidence.
- Operational Risks: Raw material costs, competition, plant closures, and warranty provision adequacy.
- Financial Structure: Renewal of credit facilities, dividend payments, and share buy-backs.
Guidance: No specific numerical guidance or outlook figures are provided in this text.
Investor Verification Checklist
- Review the content of Appendix 3B (Exhibits 99.1 and 99.2) referenced in this filing for specific operational or financial updates.
- Verify the status of legal proceedings involving the Australian Securities and Investments Commission (ASIC) and the New Zealand Ministry of Education.
- Monitor the funding status and contribution requirements of the Asbestos Injuries Compensation Fund (AICF).
- Assess the impact of currency exchange rates on the company's asbestos liabilities and financial statements.
- Check for updates on the company's credit facilities and terms following the corporate domicile transfer to Ireland.