| Year ended 30 June | 2009 | 2008 | % change |
| A$ million unless stated | |||
| Sales revenue | 2,817 | 2,960 | (5) |
| EBITDA¹ | 475 | 489 | (3) |
| EBIT¹ | 330 | 351 | (6) |
| Capital expenditure² | 140 | 180 | (23) |
| Funds employed² | 2,240 | 2,310 | (3) |
| EBITDA¹ return on sales, % | 16.9 | 16.5 | |
| EBIT¹ return on sales, % | 11.7 | 11.9 | |
| EBIT¹ return on funds employed, % | 14.7 | 15.2 | |
| Employees, number | 5,544 | 5,798 | (4) |
| Revenue per employee | 0.508 | 0.511 | - |
Performance
- Revenues down as lower Quarry End Use (QEU) revenues offset increased asphalt volumes (due to strong infrastructure activity) and pricing gains in concrete, quarry, cement and lime.
- Boral's concrete volumes down 12%, reflecting lower dwellings and non-dwellings activity and some temporary market share loss predominantly due to Boral's strong focus on lifting margins through price increases.
- EBIT from QEU of $47 million versus $54 million in prior year.
- $92 million of PEP cost reductions contributing to an EBITDA margin lift to 16.9%.
| Year ended 30 June | 2009 | 2008 | % change |
| A$ million unless stated | |||
| Sales revenue | 1,277 | 1,357 | (6) |
| EBITDA¹ | 98 | 168 | (41) |
| EBIT¹ | 40 | 114 | (65) |
| Capital expenditure² | 64 | 125 | (48) |
| Funds employed² | 1,188 | 1,178 | 1 |
| EBITDA¹ return on sales, % | 7.7 | 12.4 | |
| EBIT¹ return on sales, % | 3.1 | 8.4 | |
| EBIT¹ return on funds employed, % | 3.4 | 9.7 | |
| Employees, number | 3,814 | 4,080 | (7) |
| Revenue per employee | 0.335 | 0.333 | 1 |
Performance
- Revenues steady in the first half but 12% down in the second half due to lower housing related volumes, particularly in Western Australia and Queensland, more than offsetting price
increases across all businesses. - Earnings were significantly lower due to extensive temporary plant slowdowns and shutdowns to run down inventories and to match weaker sales demand.
- Stronger pricing outcomes across all building products and $38 million of PEP cost reductions were delivered.
| Year ended 30 June | 2009 | 2008 | % change |
| US$ million | |||
| Sales revenue | 406 | 607 | (33) |
| EBITA¹ | (45) | 10 | (545) |
| EBIT¹ | (81) | (25) | (230) |
| A$ million | |||
| Sales revenue | 545 | 671 | (19) |
| EBITDA¹ | (61) | 11 | (640) |
| EBIT¹ | (109) | (27) | (301) |
| Capital expenditure² | 27 | 180 | (85) |
| Funds employed² | 812 | 789 | 3 |
| EBITDA¹ return on sales, % | (11.1) | 1.7 | |
| EBIT¹ return on sales, % | (20.0) | (4.0) | |
| EBIT¹ return on funds employed, % | (13.4) | (3.4) | |
| Employees, number | 1,592 | 2,208 | (28) |
| Revenue per employee | 0.342 | 0.304 | 13 |
Performance
- 33% revenues decline and earnings loss reflects unprecedented fall in US market; housing starts down 42% to around 650,000 versus 1.13 million starts in FY2008.
- US$39 million of PEP cost reductions plus US$10 million from MonierLifetile (50% share). Full-time equivalent employees down 28% or 616 people.
- Average capacity utilisation of 30% in bricks and 16% in concrete roof tiles in FY2009, to match record low sales demand and manage inventory.
- Prices held despite collapse in market volumes.
| Year ended 30 June | 2009 | 2008 | % change |
| A$ million unless stated | |||
| Sales revenue | 219 | 191 | 15 |
| EBITDA¹ | 30 | 16 | 87 |
| EBIT¹ | 19 | 7 | 189 |
| Funds employed | 297 | 285 | |
| Return on funds employed, % | 6.4 | 2.3 |
Performance
- Improved Construction Materials earnings offset weaker earnings from LBGA.
- In Indonesia, improved concrete prices restored margins despite volumes down 8%, and in Thailand, margins and profits improved due to significant operational improvements
and lower costs despite concrete prices down 5% and volumes down 21%. - Plasterboard sales volumes down 6% due to global recession impacting from December 2008 quarter, but stronger pricing and cost reductions offset lower volume impacts in the June half.
- New plasterboard plants commissioned in Chengdu (central west of China) and Rajasthan (India) in FY2009 and investments underway in Baoshan (China) and Saraburi (Thailand).
1 Excluding significant items; FY05 results onwards restated to reflect transition to A-IFRS accounting standards.
2 Capital expenditure and funds employed include acquisitions.
3 Boral's profits from the Asian Plasterboard joint venture, LBGA, are equity accounted and are after financing and tax. Boral's share of revenue from LBGA does not appear in Boral's consolidated accounts; however, Boral's share of LBGA revenue is included in the revenue bar chart for Asia from FY01 onwards.
2 Capital expenditure and funds employed include acquisitions.
3 Boral's profits from the Asian Plasterboard joint venture, LBGA, are equity accounted and are after financing and tax. Boral's share of revenue from LBGA does not appear in Boral's consolidated accounts; however, Boral's share of LBGA revenue is included in the revenue bar chart for Asia from FY01 onwards.
