Kingspan Group Plc · EURONEXT:KRX
Kingspan — Kingspan Grp Ord — H1 2026 Earnings Presentation
30 slides from Kingspan's earnings presentation, Aug 7, 2026
Slide 1: Half Year Results
Half Year Results August 2026
Slide 2: Disclaimer
DISCLAIMER Forward Looking Statements This presentation contains certain forward looking statements including, without limitation, the Group’s financial position, business strategy, plans and objectives of management for future operations. Such forward looking information involves risks and uncertai
Slide 3: H1 2026 in Summary
H1 2026 IN SUMMARY Revenue Revenue €4.9bn • €9.2bn +8% • Trading profit up 10% to €487.2m, despite year on year currency headwind • +9% of €8.4m and Advnsys IPO exploration costs of €4.5m (headline trading profit EBITDA 1 of €500.1m before both, +13% year on year). Trading Profit • Strong perfor
Slide 4: Our Mission
OUR MISSION Ultra Energy-Efficient 219 million tonnes of CO2e will To accelerate a net zero emissions built be saved over the life of our environment with people and planet at its insulation systems sold in 20251 heart. Greenhouse Gas Emissions 70% reduction in absolute Scope 1 & 2 CO2e emissions2 R
Slide 5: 2030 Planet Passionate Targets
2030 Planet Passionate Targets1 20262(f) Progress towards target CARBON 65% reduction in Scope 1 & 2 GHG emissions3 from 2020 (%) 70% 100% 15% reduction in carbon intensity from key raw materials from 2020 (%) 4.4% 29% ≥90% zero emission company cars4 (annual replacement %) 90% 100% ENERGY 60% renew
Slide 6: Financial Highlights
FINANCIAL HIGHLIGHTS H1 2026 H1 2025 YoY % Change CC Change1 REVENUE (€m) 4,857.8 4,516.2 +8% +9% EBITDA (€m) 625.9 571.7 +9% +11% TRADING PROFIT (€m) 487.2 442.9 +10% +12% EARNINGS PER SHARE (cent) 180.5 172.1 +5% +7% INTERIM DIVIDEND (cent) 27.1 26.3 +3% FREE CASHFLOW (€m) 144.3 (20.0) +822% TRADI
Slide 7: Revenue and Profit Bridge
REVENUE AND PROFIT BRIDGE REVENUE (€m) TRADING PROFIT (€m) 277.8 38.7 125.2 (61.4) 4,857.8 (8.4) 14.0* 487.2 4,516.2 442.9 Revenue Currency Acquisitions Underlying Revenue Trading Profit Currency Acquisitions Underlying Trading Profit H1 2025 H1 2026 H1 2025 H1 2026 *Net of Advnsys IPO exploration c
Slide 8: Sales by Geography
SALES BY GEOGRAPHY H1 2026 (€m) H1 2025 (€m) YoY% Change CC Change1 Western & Southern Europe 1,974.9 1,934.6 2% 3% Central & Northern Europe 1,330.5 1,259.3 6% 5% Americas 1,154.9 993.3 16% 21% Rest of World 397.5 329.0 21% 27% GROUP 4,857.8 4,516.2 8% 9% 1. Constant currency change H1 2026 H1 2025
Slide 9: Strong Free Cash Flow Generation (€m)
l STRONG FREE CASH FLOW GENERATION (€m) (219.9) (155.9) 625.9 (39.1) (5.7) (22.8) (47.4) 9.2 144.3 EBITDA Working Net Capex Lease Provisions Net Finance Tax Non-Cash / Free Cash Flow Capital Payments Costs Other 9
Slide 10: Disciplined Capital Management (€m)
DISCIPLINED CAPITAL MANAGEMENT (€m) 4.8 (1.3) (13.3) 52.6 3.8 (144.3) 1,883.6 1,859.8 73.9 Net Debt Dec 25 Free Cash Flow Acquisitions Deferred Dividends Paid Dividends Dividends From Other Net Debt Jun 26 Consideration Paid to NCI Associates Paid 10
Slide 11: Balance Sheet Strength Provides Significant Flexibility
BALANCE SHEET STRENGTH PROVIDES SIGNIFICANT FLEXIBILITY • Net debt to EBITDA 1.56x as at 30 June 2026. • Undrawn €700m green revolving credit facility with a committed term to May 2028. • Total private placement loan notes of €1,431m and public bonds of €750m. • The weighted average maturity of all
Slide 12: Insulated Building Envelopes
Muskegon Museum of Art, Michigan, USA INSULATED BUILDING ENVELOPES Insulated Building Envelopes Morin Classic F-12 profiles; Pulse P-1, P-2, P-3, P-4 panels World leader in energy saving solutions for roofs, walls and floors • The business delivered a very strong performance, with sales, profit and
Slide 13: Completing the Envelope
COMPLETING THE ENVELOPE Enhancing building performance and asset value 6 7 INSULATED BUILDING ENVELOPE PRODUCT OFFERING 8 1 QuadCore® 2 Day-Lite Klick Translucent Wall Panel 9 3 Ecofil LEC Rooflight 10 4 PowerPanel® 5 Single Ply Roofing System 6 PVC / TPO Membrane 7 Adhesive 4 8 PIR / QuadCore® Insu
Slide 14: Insulated Building Envelopes Multifaceted Growth Drivers
INSULATED BUILDING ENVELOPES MULTIFACETED GROWTH DRIVERS Growth in Penetration Growing Geographic Presence Growth in Expanded Offering UK Europe USA LATAM 14
Slide 15: Insulated Building Envelopes Product Evolution
INSULATED BUILDING ENVELOPES PRODUCT EVOLUTION Innovation Insulated Envelope PowerPanel® Roofing + Waterproofing Technical & Acoustic Insulation Controlled Environments Jubilee Park Stadium Architectural Victoria, Australia Insulated Wall Single Skin Panel Insulated Building Envelopes Roof Panel Tim
Slide 16: Structural Growth Drivers Support Strong Market Outperformance
STRUCTURAL GROWTH DRIVERS SUPPORT STRONG MARKET OUTPERFORMANCE Change in new non-residential construction output, 2025 vs 2019 (vol) 13.7% c.3% p.a. OUTPERFORMANCE Compared to underlying -4% -4.5% markets -7% -6% -10% -9% -11% -14% -16% -18% Kingspan -23% Global Organic France Belgium Norway UK Swed
Slide 17: Insulated Building Envelopes: Platforms for Future Growth
INSULATED BUILDING ENVELOPES Platforms in place to support attractive future growth 10-year Revenue multiplied by 3.1x1 EBITDA multiplied by 3.6x1 Trading Profit multiplied by 3.5x1 historical performance 12.0% CAGR1 13.6% CAGR1 13.3% CAGR1 7,544 8,000.00 6,993 7,131 7,000.00 6,744 6,000.00 5,412 5,
Slide 18: Advnsys
ADVNSYS Hortus Botanicus Amsterdam, The Netherlands Advnsys A world leader in critical bespoke infrastructure primarily focused on data centres, air Double-glazed aluminium curtain walls handling and daylighting • Demand is growing at an extraordinary pace and our market share is increasing. Share o
Slide 19: Advnsys – Ideally Positioned in the White Space
ADVNSYS – IDEALLY POSITIONED IN THE WHITE SPACE CURRENT OFFERING IN THE WHITE SPACE 1 Hot Aisle Containment A E Airflow Panels 8 2 F 3 Liquid Cooling Manifolds B 5 7 4 Mesh Walls Security 6 4 5 Louvre Damper Mesh 3 1 6 Structural Ceiling Grid D G 7 Air Handling Units 2 8 Water Storage 9 Raised Acces
Slide 20: Advnsys Benefitting from Compounding Market Growth
ADVNSYS BENEFITTING FROM COMPOUNDING MARKET GROWTH Growth in Global Growing Advnsys Exceptional increase in Data Demand Market Share Advnsys Share of Wallet >18x wallet share multiplied between 2010 and 20251 > $500k / MW Double-digit Significant mid-term market share gains in existing $180 - $250k
Slide 21: Advnsys – Perpetual Innovation
ADVNSYS – PERPETUAL INNOVATION Innovation Liquid Cooling to Rack Air Handling Unit Liquid Cooling to HAC Louvre Damper Mesh Modular Integration Hot Aisle Structural Containment Raised Access Ceilings Floor Time 21
Slide 22: Advnsys: Order Book Has More Than Doubled
ADVNSYS Order book has more than doubled, Data specific intake has more than trebled 10-year Revenue multiplied by 4.8x1 EBITDA multiplied by 5.8x1 €707m1 historical performance 16.9% CAGR1 19.1% CAGR1 Total acquisition spend 1800 1,655 400 1600 1,477 350 1400 1,348 1,347 300 1200 1,085 230 250 1000
Slide 23: Global Expansion - €1.2bn Investment Unlocking €2bn Revenue Potential
GLOBAL EXPANSION - €1.2BN INVESTMENT UNLOCKING €2BN REVENUE POTENTIAL Nordics Czechia Data Solutions 2026/2027 Mineral Fibre Panel Line 2026 ✓ Belgium PowerPanel® Enablement 2027 PowerPanel® Enablement 2027 Poland Insulated Panel Line 2027 Wood Fibre Insulation Facility 2025 ✓ Dunkirk, France Ukrain
Slide 24: Exceptional Track Record of Long-Term Growth
EXCEPTIONAL TRACK RECORD OF LONG-TERM GROWTH 9 8 7 6 Revenue ( €bn) 5 4 3 2 1 0 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 24
Slide 25: Outlook
OUTLOOK • A seasonally slow start to the year with activity picking up in the second quarter. Geopolitical issues and the ongoing impact on end markets is further context for the trading environment. • Western Europe is solid overall with Central and Eastern Europe continuing the improvement seen la
Slide 26: Consistent Value Accretive Growth
CONSISTENT VALUE ACCRETIVE GROWTH FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 €8,608m €9,199m €8,341m €8,091m €6,497m €4,373m €4,659m €4,576m €3,109m €3,668m Revenue 12.7% CAGR1 €877m €907m €955m €755m €833m Trading Profit €445m €497m €508m €341m €378m 14.1% CAGR1 329.5 352.3 365.2 370.0 305.6
Slide 27: Megatrends That Drive Us
MEGATRENDS THAT DRIVE US Sustainability and Resilience Labour Market Dynamics Data Centre Demand Averting a climate emergency Emerging talent gap Accelerating demand of US construction workers Global demand for data centre 2x Global Buildings Climate Tracker must accelerate by 2x the rate originally
Slide 28: In a Nutshell
79% 21% PRODUCTS Insulated Building Envelopes Advnsys REVENUE € 4.9 bn 85% 15% DRIVERS Energy Efficiency & Conversion Other IN A NUTSHELL GEOGRAPHIC 41% 27% 24% 8% APPLICATIONS Western and Southern Europe Central and Americas ROW - RETAIL REGIONS Northern Europe - DISTRIBUTION - LEISURE - ACCOMMODAT
Slide 29: Projects Since 2020
700+ PROJECTS SINCE 2020 GHG EMISSIONS RENEWABLE ENERGY ON-SITE GENERATION 70% 63% 1,670+ 61% ENERGY EFFICIENCY Absolute reduction in Scope 1 & 2 GHG emissions1 since 2020 Renewable energy use in 2025 GWh Wholly-owned sites have solar PV systems installed as of 2025 50% Large sites3 have ISO 50001 c
Slide 30: Dublin Road
Dublin Road Kingscourt, Co Cavan Ireland, A82 XY31 Tel: +353 42 969 8000 Email: admin@kingspan.com www.kingspan.com Inuusirvik Community Wellness Hub Baffin Island, Canada Insulated Building Envelopes Morin Pulse Series P-1, P-2, P-3, P-4, P-9 panels