Slide 1: November 2016 Trading Update
November 2016 Trading Update
Slide 2: 9M 2016 Key messages
9M 2016 Key messages • Proforma 9M sales +6%; EBITDA +14% • Margins & returns ahead • Strong cash generation continues … expect YE net debt/EBITDA of less than 2x • Guidance reiterated … FY EBITDA expected to be in excess of €3bn 1 Trading Update
Slide 3: 9M 2016 Financial highlights
9M 2016 Financial highlights Sales vs. 2015 vs. Proforma €20.4bn +22% +6% EBITDA €2.4bn +43% +14% EBITDA margin 11.7% +170bps +90bps 2 Trading Update
Slide 4: 9M 2016 trading
9M 2016 trading Proforma Sales EBITDA • Europe – overall positive momentum YoY change H1 9M H1 9M • Americas – Q3 sales moderately ahead; good Europe +3% +4% +5% +5% profit delivery Americas +13% +8% +39% +21% • Asia – continuation of H1 trends Asia +4% +4% +7% +7% • Group – profit growth across all
Slide 5: Europe trading
Europe trading Proforma Sales EBITDA • Overall positive momentum YoY change H1 9M H1 9M • Cement volumes slightly ahead Heavyside +4% +5% +4% +4% • Pricing environment remains challenging Lightside +8% +7% +14% +12% • Good margin improvement in Lightside Distribution +1% - +5% +5% & Distribution Eur
Slide 6: Americas trading
Americas trading Proforma Sales EBITDA • Q3 sales moderately ahead; good profit delivery YoY change H1 9M H1 9M • Q3 Aggs volumes matching record levels Materials +12% +6% +69% +26% • Strong operating leverage Products +16% +12% +21% +16% • Positive underlying demand continuing for Res, Distribution
Slide 7: Asia trading
Asia trading • Philippines – market demand continues to advance; cement pricing ahead • India* – volumes ahead; pricing remains challenging • China* – overcapacity continues to impact on performance * Equity Accounted 6 Trading Update
Slide 8: FY 2016 EBITDA expectations
FY 2016 EBITDA expectations Europe Americas Asia Group H1 Proforma +5% +39% +7% +20% EBITDA 9M Proforma +5% +21% +7% +14% EBITDA FY 2016E c.€1.0bn c.€1.9bn c.€0.1bn >€3bn EBITDA 7 Trading Update
Slide 9: Appendices
Appendices Throughout this document, proforma comparisons are at constant currency; include the 2015 pre-acquisition trading of the LH and CRL acquisitions; and exclude all divested entities and certain one-off items.
Slide 10: Cement Volumes & Prices
Cement Volumes & Prices Proforma¹ YoY % chg Proforma¹ YoY % chg Volume Price (LC*) Volume Price (LC*) H1 9M H1 9M H1 9M H1 9M Finland +18% +15% -2% -2% Slovakia -2% +1% +2% +2% France +4% +5% 0% -1% Spain2 +9% +9% -8% -7% Germany +10% +12% -3% -2% Switzerland +5% +1% -7% -7% Hungary +7% +2% -2% 0% U
Slide 11: Americas Materials Volumes & Prices
Americas Materials Volumes & Prices Proforma¹ YoY % chg Volume Price H1 9M H1 9M Aggregates +13% +7% +3% +3% Asphalt +17% +6% -8% -8% RMC +12% +7% +4% +4% 1 Year on year proforma comparisons include the 2015 trading results of the now integrated LH Assets 10 Trading Update
Slide 12: Contact Us
Contact Us 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 This presentation contains certain forward-looking statements as defined under US legislation. By their nature, such statements involve unce