Slide 1: Q3 2024 Results
Q3 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 Outlook Q3 2024 Results 2
Slide 4: Key Messages
Key Messages Financial Performance Strategy & Capital Allocation • Robust performance underpinned by differentiated • Significant portfolio activity YTD solutions strategy … $4.6bn value-accretive M&A; $1.2bn divested • Strong growth in key financial metrics despite • Materials acquisitions in Texas
Slide 5: Q3 2024 Financial Highlights
Q3 2024 Financial Highlights Revenues Adj. EBITDA¹ Margin¹ EPS $10.5bn $2.5bn 23.3% $1.99 (9M: $26.7bn) (9M: $5.2bn) (9M: 19.3%) (9M: $4.03) +4% +12% +170bps +10% (9M: +2%) (9M: +12%) (9M: +180bps) (9M: +20%) Q3 2024 Results 4 1Represents a non-GAAP measure. See the discussion within 'Non-GAAP Recon
Slide 6: Operating Performance
Operating Performance
Slide 7: Americas Materials Solutions
Americas Materials Solutions • Further growth & margin expansion despite adverse weather • Demand underpinned by robust Infrastructure & $m Change re-industrialization activity Revenues 5,299 +4% • Positive pricing, disciplined cost control & operational Adj. EBITDA 1,484 +16% efficiencies Margin 28
Slide 8: Americas Building Solutions
Americas Building Solutions • Resilient performance with good contribution from acquisitions • Building & Infrastructure Solutions: Underlying demand for $m Change utility infrastructure & onshoring of manufacturing underpinned Revenues 1,757 +1% • Outdoor Living Solutions: Activity levels impacted
Slide 9: Europe Materials Solutions
Europe Materials Solutions • Strong performance supported by continued pricing progress & contribution from Adbri acquisition $m Change • Central & Eastern Europe: Positive momentum Revenues 2,795 +7% underpinned by Infrastructure & Non-Residential Adj. EBITDA 553 +24% • Western Europe: Activity lev
Slide 10: Europe Building Solutions
Europe Building Solutions • Subdued demand in certain key end-markets • Activity levels impacted by adverse weather & continuation of $m Change challenging new-build Residential market Revenues 664 -4% • Ongoing emphasis on disciplined commercial management Adj. EBITDA 62 -10% & cost saving actions
Slide 11: Financial Performance
Financial a) O c © = e O — O ae
Slide 12: Robust Double-Digit Growth
Robust Double-Digit Growth +12% $5m $79m $180m $2,454m +8% $2,190m Q3 23 Organic¹ Acquisitions / Currency Q3 24 Adjusted (Divestitures) Translation Adjusted EBITDA¹ EBITDA¹ Q3 2024 Results 11 1Represents a non-GAAP measure. See the discussion within 'Non-GAAP Reconciliations' on pages 26 to 29.
Slide 13: Strong & Flexible Balance Sheet
Strong & Flexible Balance Sheet 1.7x Net Debt / TTM Adj. EBITDA¹ $2.5bn $1.6bn $4.0bn $11.2bn $2.3bn $5.4bn FY 23 Cash Net M&A / Dividends / Q3 24 Capex Net Debt¹ Inflow Other Buybacks Net Debt¹ Q3 2024 Results 12 1Represents a non-GAAP measure. See the discussion within 'Non-GAAP Reconciliations' o
Slide 14: Capital Allocation
Capital Allocation
Slide 15: Disciplined Capital Allocation
Disciplined Capital Allocation Increasing exposure to attractive, high-growth markets • Majority stake in Adbri $2.1bn $0.8bn • Complementing core competencies in materials • Expanding existing solutions $4.6bn strategy in Australia value-accretive • Acquisition of materials acquisitions assets in T
Slide 16: Outlook
Outlook
Slide 17: Reaffirming 2024 Guidance Midpoint
Reaffirming 2024 Guidance Midpoint Reflecting positive underlying momentum & recent portfolio activity Adj. EBITDA¹ Net Income² EPS² $6.87bn – $6.97bn $3.78bn – $3.85bn $5.45 – $5.55 2023: $6.2bn 2023: $3.4bn¹ 2023: $4.65¹ 1Represents a non-GAAP measure. See the discussion within 'Non-GAAP Reconcili
Slide 18: 2025 Market Backdrop
2025 Market Backdrop Favorable underlying demand and positive pricing momentum Americas¹ International¹ ~75% Adj. EBITDA² ~25% Adj. EBITDA² Infrastructure Continued rollout of once-in-a-generation Infrastructure Robust demand underpinned by ~40% Revenues US federal & state investment ~35% Revenues g
Slide 19: Appendix
Appendix
Slide 20: Americas Materials Solutions
Americas Materials Solutions Analysis of change $ million Q3 2023 Currency Acquisitions Divestitures Organic Q3 2024 % Change Total revenues 5,080 (7) +232 (44) +38 5,299 +4% Adjusted EBITDA 1,284 (2) +65 (14) +151 1,484 +16% Adjusted EBITDA margin 25.3% 28.0% Q3 2024 Results 19
Slide 21: Americas Building Solutions
Americas Building Solutions Analysis of change $ million Q3 2023 Currency Acquisitions Divestitures Organic Q3 2024 % Change Total revenues 1,738 (2) +45 - (24) 1,757 +1% Adjusted EBITDA 391 - +8 - (44) 355 (9%) Adjusted EBITDA margin 22.5% 20.2% Q3 2024 Results 20
Slide 22: Europe Materials Solutions
Europe Materials Solutions Analysis of change $ million Q3 2023 Currency Acquisitions Divestitures Organic Q3 2024 % Change Total revenues 2,617 +42 +354 (131) (87) 2,795 +7% Adjusted EBITDA 446 +6 +51 (32) +82 553 +24% Adjusted EBITDA margin 17.0% 19.8% Q3 2024 Results 21
Slide 23: Europe Building Solutions
Europe Building Solutions Analysis of change $ million Q3 2023 Currency Acquisitions Divestitures Organic Q3 2024 % Change Total revenues 693 +11 +4 (4) (40) 664 (4%) Adjusted EBITDA 69 +1 +1 - (9) 62 (10%) Adjusted EBITDA margin 10.0% 9.3% Q3 2024 Results 22
Slide 24: Materials Volumes & Prices
Materials Volumes & Prices Q3 YoY % Change 9M YoY % Change Americas Europe Americas Europe Volume Price Volume Price Volume Price Volume Price Aggregates -4% +10% +6% +4% -1% +11% - +3% Asphalt -2% +3% -5% -1% - +4% -5% - Cement +1% +9% +6% +5% +1% +9% +1% +2% RMC +2% +7% +21% +6% +1% +8% +2% +1% Q3
Slide 25: 2024 Financial Guidance
2024 Financial Guidance Updated Guidance (i) Previous Guidance (ii) Low High Low High 2023 Net income $3.78bn $3.85bn $3.70bn $3.85bn $3.4bn¹ Adj. EBITDA¹ $6.87bn $6.97bn $6.82bn $7.02bn $6.2bn EPS $5.45 $5.55 $5.40 $5.60 $4.65¹ Capital expenditure $2.4bn $2.6bn $2.2bn $2.4bn $1.8bn (i) 2024 Net inc
Slide 26: Sustainability Highlights
Sustainability Highlights Revenue from products with enhanced sustainability attributes¹ ($bn) #1 The largest recycler 43.9 m tonnes wastes and by-products from other 0.9 kg/$ Revenue CO2e emissions per dollar of in North America industries recycled in 2023 revenue in 2023² (2022: 42.4mt) (2022: 1.0
Slide 27: Non-GAAP Reconciliations
Non-GAAP Reconciliations CRH uses a number of non-GAAP performance measures to monitor financial performance. These measures are referred to throughout the discussion of our reported financial position and operating performance on a continuing operations basis unless otherwise defined and are measur
Slide 28: 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 29: 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 30: 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