Crh Plc · NYSE:CRH
Crh — 9M 2020 Earnings Presentation
15 slides from Crh's earnings presentation, November 2020
Slide 1: Trading Update November 2020
Trading Update November 2020
Slide 2: 9M Financial Highlights
9M Financial Highlights … Sales EBITDA Margin $20.6bn $3.4bn 16.6% Health & Safety of Employees Remains Paramount -3% LFL +2% LFL +100bps LFL ... further profit & margin improvement despite lower activity levels CRH plc, Trading Update 1
Slide 3: Market Backdrop
Market Backdrop • Solid underlying demand in North America & CEE • Improving trends in W. Europe ... UK recovery gaining pace • Positive Infrastructure & Residential demand … ... mixed Non-Residential • Good pricing discipline … continuing lower energy cost environment CRH plc, Trading Update 2
Slide 4: Americas Materials – Trading Performance
Americas Materials – Trading Performance • EBITDA & margin ahead despite lower activity levels LFL % Change YoY • Q3 impacted by adverse weather … tough PY comparative H1 Q3 9M • Positive pricing in Cement, Aggregates & RMC … Sales -1% -7% -4% … margin improvement in Asphalt EBITDA +20% +3% +9% • Go
Slide 5: Europe Materials – Trading Performance
Europe Materials – Trading Performance • Recovery continued to gather pace in Q3 … profits ahead LFL % Change YoY • Current activity levels in Europe ... ... Eastern Europe in line with normal activity H1 Q3 9M ... Western Europe ~90% normal activity Sales -11% -2% -7% ... UK ~75% normal activity EB
Slide 6: Building Products – Trading Performance
Building Products – Trading Performance • Continuation of strong H1 delivery • Robust Residential demand in North America & Europe ... ... Non-Residential remains mixed LFL % Change YoY H1 Q3 9M • Contrasting trends in key business areas ... ... strong performance in Architectural Products Sales +2%
Slide 7: Financial Strength & Flexibility
Financial Strength & Flexibility … 1.7x Net Debt / EBITDA ~1.4x Net Debt / EBITDA 3.4 (1.0) 0.1 (1.0) $7.5bn ~$6bn FY19 Net Cash Net Divestments Dividends / FY20E Capex Net Debt Inflow & Acquisitions Buybacks Net Debt … significant optionality for future value creation CRH plc, Trading Update 6
Slide 8: Focusing on our Strategic Objectives
Focusing on our Strategic Objectives … Interim Results (August 2020) Re-shaping & re-positioning … • Continued disposal of EM portfolio ... … $0.2bn divestment of Brazil cement • Adapting to changing environment … … expect $0.8bn non-cash impairment (~70% UK) Continuous business improvement … • Deli
Slide 9: FY 2020 Outlook
FY 2020 Outlook … Americas Materials Europe Materials Building Products FY Group EBITDA • Solid underlying • Improving trends • Good demand in Res; >$4.4bn demand to continue across Europe Non-Res mixed • Positive pricing • UK recovery gaining • Strong RMI activity environment pace LFL EBITDA & marg
Slide 10: Appendices
Appendices
Slide 11: LFL Sales & EBITDA Movements
LFL Sales & EBITDA Movements Sales LFL % Change YoY EBITDA LFL % Change YoY H1 Q3 9M H1 Q3 9M Americas Materials -1% -7% -4% Americas Materials +20% +3% +9% Europe Materials -11% -2% -7% Europe Materials -28% +2% -14% Building Products +2% +4% +3% Building Products +11% +5% +9% Group -3% -3% -3% Gro
Slide 12: Cement Volumes & Prices
Cement Volumes & Prices 9M YoY % Change Volumes Price (LC) 9M YoY % Change Volumes Price (LC) Finland = = Slovakia = + France -- + Spain ++ -- Germany + + Switzerland -- + Legend >5% ++ Hungary = ++ Ukraine - = 2% to 5% + Ireland - + United Kingdom -- + -1% to +1% = -5% to -2% - Poland - ++ North Am
Slide 13: Americas Materials Volumes & Prices
Americas Materials Volumes & Prices Total Heritage 9M YoY % Change Volumes Price Volumes Price Aggregates -2% +3% -3% +3% Asphalt -8% -2% -9% -2% RMC -6% +6% -5% +6% CRH plc, Trading Update 12
Slide 14: Disclaimer / Forward-Looking Statements
Disclaimer / Forward-Looking Statements In order to utilise the “Safe Harbor” provisions of the United States Private Securities Litigation Reform Act of 1995, CRH public limited company (the “Company”), and its subsidiaries (collectively, “CRH” or the “Group”) is providing the following cautionary
Slide 15: CRH plc Investor Relations
CRH plc Investor Relations Stonemason’s Way Rathfarnham Dublin 16 D16 KH51 Ireland Telephone: +353 1 404 1000 Email: ir@crh.com Website: www.crh.com