Slide 1: Q1 2024 Results
Q1 2024 Results
Slide 2: Disclaimer
Disclaimer Unless the context otherwise provides, “we,” “us,” “our,” “CRH”, the “Company” and like terms refer to CRH plc and its consolidated subsidiaries. Forward-Looking Statements In order to utilize the “Safe Harbor” provisions of the United States Private Securities Litigation Reform Act of 19
Slide 3: Agenda
Agenda Operating Performance Financial Performance Capital Allocation 2024 Outlook Q1 2024 Results 2
Slide 4: Key Messages
Key Messages Financial Delivery Strategy & Capital Allocation • Solid start in seasonally least significant quarter • $2.1bn materials acquisition in Texas complete; $60m run-rate synergies identified • Further growth in key financial metrics underpinned by integrated solutions strategy • Entry into
Slide 5: Q1 2024 Financial Highlights
Q1 2024 Financial Highlights 1 1 Revenues Adj. EBITDA Margin EPS $6.5bn $445m 6.8% $0.16 +2% +15% +80bps n/m2 Q1 2024 Results 4 1Represents a non-GAAP measure. See the discussion within 'Non-GAAP Reconciliations' on pages 27 to 30. 2Not meaningful.
Slide 6: Operating Performance
DED me o) O Cc qu) = O — io) Oo Operating
Slide 7: Americas Materials Solutions
Americas Materials Solutions • Good start to the year supported by positive pricing & favorable weather in certain markets % change • $2.1bn materials acquisition in Texas complete $m Total Organic … early integration progressing well Revenues 2,202 +16% +13% • Robust Infrastructure backdrop Adj. EB
Slide 8: Americas Building Solutions
Americas Building Solutions • Positive pricing & cost control … good contribution from recent acquisitions % change • Building & Infrastructure Solutions backdrop supported by $m Total Organic increased funding for critical utility infrastructure Revenues 1,693 +2% - • Outdoor Living benefiting from
Slide 9: Europe Materials Solutions
Europe Materials Solutions • Positive pricing offset by lower activity levels due to unfavorable weather in Western Europe % change • Good growth in Central & Eastern Europe $m Total Organic Revenues 2,013 -8% -5% • Continued subdued Residential demand … Infrastructure & Non-Residential more resilie
Slide 10: Europe Building Solutions
Europe Building Solutions • Adverse weather conditions across key markets % change • Activity levels impacted by subdued new-build $m Total Organic Residential demand Revenues 625 -10% -12% • Increasing focus on cost management & operational Adj. EBITDA 32 -38% -40% efficiencies to mitigate lower ac
Slide 11: Financial Performance
Update image Financial Performance
Slide 12: Strong Organic Delivery
Strong Organic Delivery 1 11 47 $445m +12% $386m 1 Q1 23 Organic Acquisitions / Currency Q1 24 Adjusted (Divestitures) Translation Adjusted 1 1 EBITDA EBITDA 1Represents a non-GAAP measure. See the discussion within 'Non-GAAP Reconciliations' on pages 27 to 30. Q1 2024 Results 11
Slide 13: Strong & Flexible Balance Sheet
Strong & Flexible Balance Sheet 1.5x Net Debt / TTM Adj. 1 EBITDA $0.5bn $1.1bn $0.7bn $1.9bn $9.6bn $5.4bn FY 23 Cash Net M&A / Dividends / Q1 24 1 Capex 1 Net Debt Outflow Other Buybacks Net Debt 1Represents a non-GAAP measure. See the discussion within 'Non-GAAP Reconciliations' on pages 27 to 30
Slide 14: Capital Allocation
Capital Allocation
Slide 15: Creating Value Through Active Portfolio Management
Creating Value Through Active Portfolio Management Increasing Exposure to Attractive, High-Growth Markets January 1st: Completed 1st February 26th: Binding agreement April 5th: First entry into materials phase of European Lime to acquire majority stake in Adbri in market in California through divest
Slide 16: $2.1bn Acquisition of Materials Assets in Texas
$2.1bn Acquisition of Materials Assets in Texas … Further strengthening our #1 market position Identified Synergies of Materials Assets in Texas Significant synergies identified … $60m run-rate by year 3 ~$60m Integration – increased self-supply & ~$40m logistics optimization Operational – alternati
Slide 17: 2024 Outlook
2024 Outlook
Slide 18: End-Market Outlook for 2024
End-Market Outlook for 2024 Favorable underlying demand with positive pricing momentum North America Europe ~75% Adj. EBITDA 1 ~25% Adj. EBITDA1 Infrastructure Continued rollout of once-in-a- Infrastructure Robust demand underpinned by ~40% Revenues generation federal & state investment ~35% Revenue
Slide 19: 2024 Guidance
2024 Guidance Adj. EBITDA 1 Net Income EPS $6.55bn – $6.85bn $3.55bn – $3.80bn $5.15 – $5.45 2023: $6.2bn 2023: $3.4bn 2023: $4.65 1 1 EPS guidance based on year-to-date average of approximately 690 million of common shares outstanding. Q1 2024 Results 18 1Represents a non-GAAP measure. See the disc
Slide 20: Appendix
Appendix
Slide 21: Americas Materials Solutions
Americas Materials Solutions Analysis of change $ million Q1 2023 Currency Acquisitions Divestitures Organic Q1 2024 % Change Total revenues 1,895 - +69 - +238 2,202 +16% Adjusted EBITDA (35) - +25 - +25 15 n/m Adjusted EBITDA margin (1.8)% 0.7% Q1 2024 Results 20
Slide 22: Americas Building Solutions
Americas Building Solutions Analysis of change $ million Q1 2023 Currency Acquisitions Divestitures Organic Q1 2024 % Change Total revenues 1,661 - +38 - (6) 1,693 +2% Adjusted EBITDA 301 - +5 - +2 308 +2% Adjusted EBITDA margin 18.1% 18.2% Q1 2024 Results 21
Slide 23: Europe Materials Solutions
Europe Materials Solutions Analysis of change $ million Q1 2023 Currency Acquisitions Divestitures Organic Q1 2024 % Change Total revenues 2,178 +40 +26 (117) (114) 2,013 (8)% Adjusted EBITDA 68 +1 +4 (24) +41 90 +32% Adjusted EBITDA margin 3.1% 4.5% Q1 2024 Results 22
Slide 24: Europe Building Solutions
Europe Building Solutions Analysis of change $ million Q1 2023 Currency Acquisitions Divestitures Organic Q1 2024 % Change Total revenues 693 +6 +7 - (81) 625 (10)% Adjusted EBITDA 52 - +1 - (21) 32 (38)% Adjusted EBITDA margin 7.5% 5.1% Q1 2024 Results 23
Slide 25: Materials Volumes & Prices
Materials Volumes & Prices Americas Materials Solutions Europe Materials Solutions YoY % Change Volumes Price Volumes Price Aggregates +8% +8% -6% +3% Asphalt +11% +5% -9% +1% 1 Cement +6% +9% -2% - RMC +9% +8% -13% - 1 Europe Materials Solutions cement pricing +2% excluding the Philippines. Q1 2024
Slide 26: 2024 Financial Guidance
2024 Financial Guidance Low High 2023 1 Net income (i) $3.55bn $3.80bn $3.4bn 1 Adj. EBITDA $6.55bn $6.85bn $6.2bn 1 EPS (i) $5.15 $5.45 $4.65 Capital expenditure $2.2bn $2.4bn $1.8bn (i) 2024 Net income and EPS are based on approximately $0.4 billion interest expense, net, effective tax rate of app
Slide 27: Sustainability Highlights
Sustainability Highlights Revenue from products with enhanced sustainability attributes1 ($bn) #1 43.9 0.9 13.9 12.6 11.4 9.4 m tonnes kg/$ Revenue The largest recycler wastes and by-products from other CO2e emissions per dollar of in North America industries recycled in 2023 revenue in 20232 (2022:
Slide 28: Non-GAAP Reconciliations
Non-GAAP Reconciliations Adjusted EBITDA: Adjusted EBITDA is defined as earnings from continuing operations before interest, taxes, depreciation, depletion, amortization, loss on impairments, gain/loss on divestitures and unrealized gain/loss on investments, income/loss from equity method investment
Slide 29: Non-GAAP Reconciliations
Non-GAAP Reconciliations Adjusted EBITDA (continued): Adjusted EBITDA is not defined by GAAP and should not be considered as an alternative to earnings measures defined by GAAP. Reconciliation to its nearest GAAP measure for the mid-point of the 2024 Adjusted EBITDA guidance is presented below: in $
Slide 30: Non-GAAP Reconciliations
Non-GAAP Reconciliations EPS pre-impairment: EPS pre-impairment is a measure of the Company's profitability per share from continuing operations excluding any loss on impairments (which is non-cash) and the related tax impact of such impairments. It is used by management to evaluate the Company's un
Slide 31: Non-GAAP Reconciliations
Non-GAAP Reconciliations Net Debt: Net Debt is used by management as it gives additional insight into the Company’s current debt position less available cash. Net Debt is provided to enable investors to see the economic effect of gross debt, related hedges and cash and cash equivalents in total. Net