Crh Plc · NYSE:CRH
Crh — Non-Deal Roadshow (May 2007)
9 slides from Crh's roadshow presentation, May 23, 2007
Slide 1: CRH Europe Distribution: Focus on Switzerland
CRH plc Investor/Analyst Visit Switzerland 23 – 25 May, 2007 CRH Europe Distribution Focus on Switzerland Erik Bax, Managing Director Investor/Analyst Swiss Visit, 23- 23-25 May 2007 1
Slide 2: Development History
Development History Building the leading Distribution position in Switzerland BauBedarf BauBedarf Fr. Fr.Schneider Schneider Gétaz Gétaz Romang Romang Vicom Vicom Baucasch Baucasch 2000 2001 2002 2003 2004 2005 2006 2007 BAB, BAB,BAF BAF&&BAW BAW Richner Richner BMH BMHHägendorf Hägendorf Dennler De
Slide 3: Richner BauBedarf
Richner BauBedarf Market leader in German-speaking Switzerland Sales Sales (2006) (2006) €0.4Bn €0.4Bn EBIT EBIT margin margin c. c. 4.5% 4.5% Locations Locations 58 58 Employees Employees 800 800 Res:Non-Res:Infra Res:Non-Res:Infra 60:25:15 60:25:15 New:RMI New:RMI 60:40 60:40 Tiles Other 9% 3% Bui
Slide 4: Gétaz Romang
Gétaz Romang Market leader in French-speaking Switzerland Sales Sales (2006) (2006) €0.55Bn €0.55Bn EBIT EBIT margin margin c. c. 6.5% 6.5% Locations Locations 43 43 Employees Employees 1,383 1,383 Other 19% Building Materials 31% Heating & Plumbing 9% Wood 12% Sanitary Tiles 8% Ware 21% Investor/An
Slide 5: Acquisition of Gétaz Romang
Acquisition of Gétaz Romang An excellent geographical fit Richner BauBedarf Gétaz Romang Investor/Analyst Swiss Visit, 23- 23-25 May 2007 5
Slide 6: Acquisition of Gétaz Romang: Friendly Public Tender Offer
Acquisition of Gétaz Romang Friendly Public Tender Offer Agreed acquisition of a 23.6% stake, at a fixed price of CHF 1,125 per share, prior to public tender offer Friendly public tender offer (99.24% acceptance) on remaining 76.4% shares at CHF 1,125 per share CRH now controls 99.49%, and int
Slide 7: Deal synergies
Deal synergies Driving value on many fronts Deal adding value at acceptable multiples Multiples 2006 results Pre-synergies Post-synergies Sales 0.65 0.65 EBITDA 8.4x c. 7x Anticipated synergies c. 1% of combined sales ¾ Combination of purchase volume ¾ Cost reduction, integration and delisting
Slide 8: Management challenges
Management challenges Performance and Growth Performance ¾ Delivering all synergies as soon as possible ¾ Integration and commitment of teams at top management level ¾ IT integration is critical for back-office and logistics synergies Growth ¾ Greenfields and acquisitions to infill French and Ge
Slide 9: Switzerland Distribution: Where we will visit
Switzerland Distribution Where we will visit Richner Sanitaryware and Ceramic Tile Showroom, Aarau ¾ Richner AG (founded 1799), acquired with Jura Holding Dec ‘00 ¾ Distribution of sanitary ware and ceramic tiles ¾ Customers are plumbers & tilers, private/public building owners, architects and gen