CRH Investor Presentation 2014 Media Pack

Transcription

1 CRH Investor Presentation 2014 Media Pack

2 CRH Overview CRH... a diversified, international building materials Group Scale countries; 3,400 locations; 76k employees; Sales 18Bn Long-term. record of delivering superior shareholder return Debt Rating. best in sector from S&P and Moodys Market Cap... c 13Bn (c 11Bn); a sector leader worldwide Indices.... FTSE 100, ISEQ, Euro Stoxx 50, Euro Stoxx Select Div 30 Listed. Dublin (ISE), London (LSE), and New York (NYSE) Data as at 31 December 2013 Page 2

3 CRH Creating Value Over the Long-term Outstanding long-term record of performance & growth Based on: Geographic, product, sector and end-use balance Creating leadership positions across 35 countries Strong cash generation emphasis Rigorous approach to capital allocation Distinct organisation / management approach Focus on shareholder returns and communications Page 3

4 CRH Balance Expanding Geographic Footprint Ireland W.Europe USA Emerging Present in 35 countries... Strong positions in developed markets (85% EBITDA) Growing presence in emerging economies (15% EBITDA) Page 4

5 CRH Balance Exposure to Multiple Demand Drivers Materials Products Distribution Cement & Aggregates Asphalt & Paving Readymixed Concrete Products for Construction Solutions General Merchants Specialised Distribution Do-It-Yourself Early Cycle New Servicing the breadth of construction Late Cycle RMI Page 5

6 CRH Balance Supports Returns Through the Cycle GDP Growth 9% Relative Stability of Returns in Cyclical Markets ROIC* 15% 6% 10% 3% 5% 0% 0% % -5% -6% European Union GDP United States GDP CRH ROIC -10% *CRH Return on Invested Capital EU-27 and US GDP - IMF World Economic Outlook Database, April 2013 Page 6

7 CRH Development Growth Balance remains the key By geography, sector end-use, new build vs. repair & maintenance (RMI) Continued Build & Grow approach Creating clustered groups of businesses Rigorous value-based approach to development The priority superior long-term returns Page 7

8 CRH Leadership Positions Western Europe Top 10 Cement Region Aggregates & Leader RMC No. 1 Concrete Products No. 1 Construction Accessories Top 3 B.Materials Distribution North America No. 1 No. 3 Top 3 No. 1 No. 2 Top 3 Asphalt Aggregates RMC Concrete Products Building Envelope Roofing/Siding Distributor Developing Economies No. 1 Building Materials: Poland No. 1 Cement: N-east China (26%) No. 1 Cement: Andhra Pradesh, India (50%) Data as at 31 December 2013 Page 8

9 CRH - Local, Regional & National Brands USA Netherlands Germany Switzerland France UK Page 9

10 CRH A Sector Leader Worldwide 35.0 Enterprise Value (Billions) 30.0 Current Mkt Cap Net Debt % 32% 40% % 68% 60% 55% 40% 18% 45% 60% St Gobain Holcim Lafarge Cemex H'berg CRH Wolseley Vulcan Martin W'berger 82% 9% 91% 23% 77% 18% 82% 31% 69% No. 4 by Market Cap; No. 6 by Enterprise Value EV as at 31 December 2013 Page 10

11 CRH Debt Metrics Amongst Best in Sector 8x End December 2013 Net Debt / LTM EBITDA 6x 4x 5.0x 6.0x 2x CRH 1.9x 2.0x 2.4x 2.5x 3.0x 3.2x 0x BBB BBB+ BBB BBB N/R BB+ BB B+ Company Reports (CRH on Restated basis); Davy, S&P Page 11

12 CRH A Sector Leader in CSR Performance CRH continues to be ranked among sector leaders by socially responsible investment rating agencies Page 12

13 CRH Governance Board Composition Majority of non-executive Directors (10 non-executive + 3 executive Directors) Non-executive Chairman; 5 different nationalities Ireland USA Germany Netherlands Switzerland A. Manifold* M. Carton* N. Hartery D.N. O Connor H.A. McSharry J.W. Kennedy M.S. Towe* W.P. Egan D.A. McGovern, Jr. U-H Felcht J.M. de Jong H.T. Rottinghuis E.J. Bärtschi * Executive Director Page 13

14 CRH Broad International Shareholder Base c.733m shares* 1% 22% 17% 4% c.25,000 shareholders 16% Long-term institutional investor base 40% Europe/Other North America UK Ireland Retail Treasury *Excluding Treasury Shares; 31 December 2013 Page 14

15 CRH Financial Community Coverage London UBS*, Bernstein, Berenberg, BoAML, Citigroup, CSFB, DB, Exane BNP, Goldman Sachs, HSBC, ING, JPM Cazenove, Jefferies Intl, MF Global, Morgan Stanley, RBS, Redburn Dublin Davy*, Cantor Fitzgerald, Investec, Goodbody, Merrion Capital Other Nomura (Dubai), Cheuvreux, Kepler, Oddo, Societe Generale, Natixis, Raymond James (Paris), Longbow (USA) * Corporate Broker Page 15

16 CRH Industry Peers International Materials Peers International Products & Distribution Peers Page 16

17 Contact Us CRH plc Investor Relations Belgard Castle Clondalkin Dublin 22 Ireland Phone: Fax: Website: ir@crh.com This presentation contains certain forward-looking statements as defined under US legislation. By their nature, such statements involve uncertainty; as a consequence, actual results and developments may differ from those expressed in or implied by such statements depending on a variety of factors including the specific factors identified in this presentation and other factors discussed in our Annual Report on Form 20-F filed with the SEC. Page 17