AUSTRALIA
Hot Rolled Products

NEW ZEALAND AND PACIFIC ISLANDS
New Zealand AND PACIFIC STEEL PRODUCTS

Australia
Coated and Building Products

• Production records set for ironmaking (5.23 Mt), slab (5.30 Mt), hot rolled coil (2.82Mt) and plate (0.41 Mt).
• Domestic demand increased with despatches up 22 %.
• Sales revenue increased by 13% on FY 2006, to $3.9 billion.
• Earnings increase driven by higher sales prices.
• Preparations underway for $330 million reline of No.5 blast furnace in CY 2009.
• Earnings partly offset by stronger AUD vs USD.
• Feasibility study commenced for co-generation electricity plant at Port Kembla Steelworks to reduce greenhouse gas.

• Production records set for metallic coating (224kt) and painting (63kt).
• Annualised Q4 FY 2007 slab production very promising - in excess of 600kt.
• Domestic despatches up 9% mainly due to stronger construction market.
• Sales revenue increased by 3% on FY 2006.
• Earnings decrease due to a stronger NZD vs USD and higher metal coating costs.
• Opportunities identified in plant optimisation and mineral extraction from ironsands resources.

• Production records set at Springhill facility for cold rolled coil (963 kt), metal coating (822 kt), and painting (202 kt).
• Sales revenue increased by 15% on FY 2006, due to higher despatches and sales pricing.
• Margins reduced by high coating metal costs, stronger Australian dollar and import competition.
• Commissioning commenced on state-of-the-art Western Sydney COLORBOND® steel facility.
• BlueScope Water growing strongly, based on product demand.
• Closure of loss-making tinmill at Port Kembla.

Asia
Coated and Building ProductS

North America
HOT ROLLED PRODUCTS

North America
Coated and Building Products

• Improved operational performance in Vietnam, Thailand and Malaysia.
• $29 million EBIT contribution from established businesses in Thailand, Indonesia and Malaysia offset by $6 million decrease from start-up businesses in Vietnam, China and India.
• China coating lines ramping up at new $280 million Suzhou facility.
• Indonesia coating lines exceeded expectations - plant up-time 90% in FY 2007, market demand strong.
• Recommencing US$101 million second metal coating line in Cilegon, Indonesia.

• Customer satisfaction very high - voted number one for fifth consecutive year in Jacobson Survey.
• High levels of raw steel production (956 kt) maintained.
• EBIT decreased by 4%, mainly due to lower hot rolled coil to scrap spread and higher electricity costs.
• New baghouse (US$40 million) completed - significantly improves working conditions.
• Castrip LLC joint venture develops stronger, higher-grade steels. Construction of second plant in Blythesville, Arkansas commenced.

• Vistawall business sold on 29 June 2007 for US$190 million - total acquisition cost for all Butler and Vistawall businesses in 2004 was US$206 million.
• Sales revenue decreased by 6%, reflecting higher AUD vs USD.
• Butler total despatches increased to 196,135 tonnes, production up marginally on FY 2006.
• Improved earnings largely due to better margins, lower costs and improved efficiencies.
• Pre-engineered building (PEB) market stronger - year-end order backlog up 25% on FY 2006.