Crh Plc · NYSE:CRH
Crh — 9M 2021 Earnings Presentation
18 slides from Crh's earnings presentation, Nov 23, 2021
Slide 1: Trading Update
Trading Update November 2021 0 CRH plc, Trading Update
Slide 2: 9M Financial Highlights
9M Financial Highlights Sales EBITDA Margin $22.8bn $3.9bn 17.1% +11% +15% +50bps CRH plc, Trading Update 1
Slide 3: Key Messages
Key Messages • Good growth in sales, profit & margin … performance supported by integrated solutions model • Positive underlying construction demand … North America & Europe • Efficient & disciplined capital allocation … $1.4bn acquisition spend … Ongoing share buyback; $0.8bn returned YTD CRH plc,
Slide 4: Market Backdrop
Market Backdrop • Robust demand amid inflationary input cost environment • Broad-based support for increased Infrastructure investment … North America & Europe • $1.2tn infrastructure package passed by US Congress … significant funding increase underpinning demand • Continued strength in Residential
Slide 5: Americas Materials – Trading Performance
Americas Materials – Trading Performance • Good delivery despite weather disruption … continued margin expansion LFL % Change YoY H1 Q3 9M • Positive underlying demand … healthy backlogs Sales +3% +4% +3% • Good commercial management EBITDA +6% +4% +5% … price improvements across all product lines M
Slide 6: Europe Materials – Trading Performance
Europe Materials – Trading Performance • Continued strong recovery ... well ahead of PY & 2019 LFL % Change YoY • Robust demand in Eastern European markets H1 Q3 9M … self-help delivering improved UK performance Sales +17% +6% +13% • Further pricing progress in key markets EBITDA +52% +7% +28% • Mar
Slide 7: Building Products – Trading Performance
Building Products – Trading Performance • Continued growth against challenging PY comparative LFL % Change YoY • Value-added solutions in high-growth markets H1 Q3 9M … Residential construction & critical utility infrastructure Sales +8% +1% +6% • Positive demand backdrop expected to continue EBITDA
Slide 8: Disciplined M&A … $1.4bn
Disciplined M&A … ~$0.5bn on 6 further solutions-focused acquisitions ~$0.9bn on 11 acquisitions previously announced YTD $1.4bn • Expanding end-to- end water & energy • Strategic entry into adjacent outdoor living 7x EBITDA infrastructure category solutions with • Strong alignment and fit complemen
Slide 9: Significant financial strength & flexibility …
Significant financial strength & flexibility … ~1.2x Net Debt / EBITDA ~1.8 ~4.1 ~1.4 $5.9bn ~$6.1bn ~1.1 FY20 Net M&A / Dividends / FY21e Cash Inflow Capex Net Debt Other Buybacks Net Debt CRH plc, Trading Update 8
Slide 10: FY 2021 EBITDA Expectations
FY 2021 EBITDA Expectations LFL % Americas Europe Building Group Chg Materials Materials Products H1 +6% +52% +12% +19% 9M +5% +28% +9% +11% FY EBITDA expected to be in excess of $5.25bn CRH plc, Trading Update 9
Slide 11: Continuing progress into 2022 …
Continuing progress into 2022 … Well positioned to benefit from … Continuing to reshape & re-position our business Adapting to future market trends Developing & executing uniquely integrated & value-added solutions model Placing sustainable construction at the core of our strategy Strong b
Slide 12: Planned investor communications in H1 2022 …
Planned investor communications in H1 2022 … Virtual Investor Update • FY 2021 Results – Thursday 3rd March Summary Agenda • Virtual Investor Update – Thursday 21st April 1. Portfolio strategy update 2. Capital allocation priorities • April Trading Update – Wednesday 27th April 3. Sustainability & c
Slide 13: Appendices
Appendices
Slide 14: LFL Sales & EBITDA Movements
LFL Sales & EBITDA Movements Sales LFL % Change YoY EBITDA LFL % Change YoY H1 Q3 9M H1 Q3 9M Americas Materials +3% +4% +3% Americas Materials +6% +4% +5% Europe Materials +17% +6% +13% Europe Materials +52% +7% +28% Building Products +8% +1% +6% Building Products +12% +2% +9% Group +10% +4% +7% Gr
Slide 15: Cement Volumes & Pricing
Cement Volumes & Pricing 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
Slide 16: Americas Materials Volumes & Prices
Americas Materials Volumes & Prices Total Heritage 9M YoY % Change Volumes Price Volumes Price Aggregates1 +3% +2% +2% +2% Asphalt +3% +2% -1% +2% RMC +5% +4% +4% +4% 1 Aggregates pricing +4% on a mix-adjusted basis. CRH plc, Trading Update 15
Slide 17: 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 18: 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 CRH plc, Trading Update 17