Nov 6 (Reuters) - Boral Ltd BLD.AX :
* EXPECTS TO SEE MODEST FLY ASH VOLUME INCREASES IN FY2020
* TARGETING A NET INCREASE OF 1.5-2 MILLION TONS PER ANNUM ON FY2018 VOLUMES OF AVAILABLE FLY ASH OVER NEXT TWO YEARS
* DEBT LEVELS AND GEARING ARE EXPECTED TO DECLINE FROM FY2021 AS CAPITAL EXPENDITURE REDUCES IN LINE WITH PLAN
* REMAINING $44 MILLION OF ADDITIONAL ACQUISITION SYNERGIES WILL BE DELIVERED IN FY2020 & FY2021, TO ACHIEVE TOTAL TARGETED SYNERGIES OF $115 MILLION
* Q1 EARNINGS FROM BORAL NORTH AMERICA WERE SLIGHTLY LOWER THAN PRIOR YEAR
* PROJECT HORIZON EXPECTED TO DELIVER ANNUALISED SAVINGS OF AROUND $21 MILLION BY FY2021
* EARLY SIGNS OF US HOUSING MARKET IMPROVING ARE YET TO FLOW THROUGH BUT SHOULD BENEFIT RESULTS IN SECOND HALF OF YEAR
* CONTINUE TO EXPECT BORAL'S NPAT (BEFORE SIGNIFICANT ITEMS) TO BE AROUND 5 TO 15% LOWER IN FY2020 RELATIVE TO FY2019
* FOR FULL YEAR FY2020, EXPECT PROPERTY EARNINGS TO BE AROUND $55 TO $65 MILLION
* FOR FULL YEAR FY2020, EXPECT PROPERTY EARNINGS TO BE AROUND $55 TO $65 MILLION, WITH FIRMER VIEW OF SECOND HALF EXPECTED IN FEBRUARY
* EXPECT A 5% EBITDA DECLINE IN FIRST HALF OF FY20
* REAFFIRMS FY2020 OUTLOOK GUIDANCE PROVIDED IN AUGUST
* BORAL AUSTRALIA SAW LOWER EARNINGS IN Q1 OF TRADING
* DISRUPTIONS AT PEPPERTREE & BERRIMA HAD ADVERSE EARNINGS IMPACT OF AROUND $10 MILLION, WHICH WILL COME THROUGH IN FIRST HALF RESULTS
* EXPECT TO DELIVER ADDITIONAL IMPROVEMENT INITIATIVES OVER & ABOVE ALREADY PLANNED FY2020 SAVINGS OF AROUND $40-$50 MILLION IN BORAL AUSTRALIA