Crh Plc · NYSE:CRH
Crh — Corporate Update (May 2007)
24 slides from Crh's corporate update, May 23, 2007
Slide 1: Welcome and Overview
CRH plc Investor/Analyst Visit Switzerland 23–25 May, 2007 Welcome and Overview Liam O’Mahony Chief Executive Investor/Analyst Swiss Visit, 23- 23-25 May 2007 1
Slide 2: Agenda
CRH Europe Agenda CRH Overview Europe Materials Europe Products Europe Distribution 2007 Trading to-date Agenda for Visit Investor/Analyst Swiss Visit, 23- 23-25 May 2007 2
Slide 3: CRH Overview
CRH Overview 20% CAGR in Total Shareholder Return since 1970 International Building Materials Group Market Cap c.€19Bn, top 5 in sector worldwide Listed: Dublin (CRH.I), London (CRH.L) and NYSE (CRH) In 28 countries; 4 continents; 3,300+ locations; 80,000+ people Annualised Sales €20+Bn
Slide 4: CRH in Europe
CRH in Europe CRH Europe in 2006 Sales Op. Profit Margin Materials €3.0 Bn €0.4 Bn 14.2% Products €3.2 Bn €0.2 Bn 7.9%* Distribution €2.8 Bn €0.2 Bn 5.5%* Total €8.9 Bn €0.8 Bn 9.2%* % Group 48% 46% * excluding non-recurring items Investor/Analyst Swiss Visit, 23- 23-25 May 2007 4
Slide 5: Sales 2000 – 2006
CRH Europe Sales 2000 – 2006 2000 Sales 2006 Sales €3.4 Bn €8.9 Bn Products Materials Products Materials 32% 33% 36% 48% Distribution Distribution 20% 31% Top 10 European Cement producer Largest Concrete Products manufacturer in Europe Leader in European Construction Accessories Top 3 buildi
Slide 6: Expanding Footprint across the Continent
CRH Europe Expanding Footprint across the Continent 2000 2006 €Bn Sales % Sales % Benelux 0.9 26 2.6 29 Ireland 0.9 26 1.2 13 Switzerland/Austria --- --- 1.0 11 Germany 0.2 6 0.8 9 France 0.2 6 0.7 8 Nordic Region 0.3 9 0.6 7 CEE 0.3 9 0.6 7 Britain 0.4 12 0.6 7 Iberia 0.2 6 0.6 7 Other --- --- 0.2
Slide 7: Agenda
CRH Europe Agenda CRH Overview Europe Materials Europe Products Europe Distribution 2007 Trading to-date Agenda for Visit Investor/Analyst Swiss Visit, 23- 23-25 May 2007 7
Slide 8: Materials Major Milestones 2000 – 2007
Europe Materials Major Milestones 2000 – 2007 Jura Group (2000) ¾ Major Swiss cement, aggregates & r/mixed concrete producer ¾ Entry into Swiss materials; €0.4 Bn (€0.3 Bn net of disposals) Secil 49% stake (2004) ¾ No. 2 producer of cement, aggs & r/mixed concrete in Portugal ¾ Entry into new ma
Slide 9: Materials Sales by Country
Europe Materials Sales by Country €3.0 Bn Other Britain Switzerland €1.6 Bn Nordic CEE Iberia Ireland 2000 2006 Ireland Ireland declining declining as as % % Sales Sales … … 56% 56% (2000) (2000) to to 40% 40% (2006) (2006) Investor/Analyst Swiss Visit, 23- 23-25 May 2007 9
Slide 10: Materials Organic Sales Growth & EBIT Margins
Europe Materials Organic Sales Growth & EBIT Margins 12% Organic Sales Growth Organic Growth 8% Strong growth 2000-2006 c. 6% p.a. 4% 2001-2002 impacted by Foot/Mouth in Ireland & sharp volume decline in 0% 2000 2001 2002 2003 2004 2005 2006 Poland after 5 years of growth 16% Strong recovery 2
Slide 11: Agenda
CRH Europe Agenda CRH Overview Europe Materials Europe Products Europe Distribution 2007 Trading to-date Agenda for Visit Investor/Analyst Swiss Visit, 23- 23-25 May 2007 11
Slide 12: Products Major Milestones 2000 – 2007
Europe Products Major Milestones 2000 – 2007 Concrete Ehl (2002), leader in German paving & landscape products Cementbouw (2003), major expansion of Dutch operations Stradal (2005), leading French landscape/infra business Record (2006), entry into Italy, a new platform for growth Constructio
Slide 13: Products Sales by Product
Europe Products Sales by Product €3.2 Bn Insulation Clay B.Products Concrete €1.1 Bn 2000 2006 Concrete Concrete Products Products and and Building Building Products Products key key growth growth areas areas Investor/Analyst Swiss Visit, 23- 23-25 May 2007 13
Slide 14: Products Sales by Country
Europe Products Sales by Country €3.2 Bn Other Iberia Switzerland Ireland CEE Nordic €1.1 Bn France Britain Germany Benelux 2000 2006 Lower Lower dependence dependence on on Benelux Benelux (now (now 35% 35% Sales) Sales) & & Britain Britain (16%) (16%) Investor/Analyst Swiss Visit, 23- 23-25 May 20
Slide 15: Products Organic Sales Growth & EBIT Margins
Europe Products Organic Sales Growth & EBIT Margins 8% Organic Sales Growth Organic Growth Modest growth 2000-2006 c. 2% p.a. 4% 2001-2002 impacted by weak economic backdrop & 2005 by 0% Insulation performance issues 2000 2001 2002 2003 2004 2005 2006 Welcome recovery 2006 to c. 5% -4% 12% EBI
Slide 16: Agenda
CRH Europe Agenda CRH Overview Europe Materials Europe Products Europe Distribution 2007 Trading to-date Agenda for Visit Investor/Analyst Swiss Visit, 23- 23-25 May 2007 16
Slide 17: Distribution Major Milestones 2000 – 2007
Europe Distribution Major Milestones 2000 – 2007 2000: Jura Distribution; 43 branches ex. Jura Group acquisition 2002: Europe Distribution exceeds Sales of €1 Bn 2003: Cementbouw acquisition doubles BM & DIY activities in NL 2003/4: Doras JV in Burgundy / Franche Comté with Samse 2005: Ent
Slide 18: Distribution Sales by Product
Europe Distribution Sales by Product €2.8 Bn DIY Builders Merchants €0.7 Bn 2000 2006 Four-fold Four-fold increase increase in in Sales Sales since since 2000 2000 Investor/Analyst Swiss Visit, 23- 23-25 May 2007 18
Slide 19: Distribution Sales by Country
Europe Distribution Sales by Country €3.3 Bn Other €2.8 Bn CEE Portugal Germany France Switz/Austria Benelux €0.7 Bn 2000 2006 Proforma incl. GR From From NL NL Distributor Distributor (70%+ (70%+ 2000) 2000) to to European European Distributor Distributor Investor/Analyst Swiss Visit, 23- 23-25 May
Slide 20: Distribution Organic Sales Growth & EBIT Margins
Europe Distribution Organic Sales Growth & EBIT Margins 8% Organic Sales Growth Organic Growth Modest growth 2000-2006 c. 2% p.a. 4% 2002-2004 impacted by weak economic & consumer confidence 0% backdrop 2000 2001 2002 2003 2004 2005 2006 Strong 2006 recovery to 5%+ -4% 8% EBIT Margin EBIT Marg
Slide 21: Agenda
CRH Europe Agenda CRH Overview Europe Materials Europe Products Europe Distribution 2007 Trading to-date Agenda for Visit Investor/Analyst Swiss Visit, 23- 23-25 May 2007 21
Slide 22: 2007 Trading to date
CRH Europe 2007 Trading to date Materials ¾ Favourable seasonal weather conditions in early months ¾ Continuing positive demand and pricing environment Products ¾ Improving economies (incl. Germany) & favourable building conditions ¾ Have contributed to marked uplift in operating performance D
Slide 23: Agenda
CRH Europe Agenda CRH Overview Europe Materials Europe Products Europe Distribution 2007 Trading to-date Agenda for Visit Investor/Analyst Swiss Visit, 23- 23-25 May 2007 23
Slide 24: Agenda for Visit
Agenda Thursday May 24 07:00 Breakfast available in hotel 08:00 – 10:00 Europe Materials Group presentations 10:00 Depart Hotel for tour of Wildegg Cement Plant & Lake Lucerne Dredging Facility 17:00 Return to hotel 19:00 Dinner at Montana Restaurant, Lucerne Friday May 25 06:30 Breakfast available