CRH Overview M EDIA PACK J ULY 2012

Transcription

1 CRH Overview M EDIA PACK J ULY 2012

2 CRH Overview 1 CRH... a diversified, international building materials Group Scale countries; 3,600 locations; 76k people; Sales 18+Bn (2011) Long-term. record of delivering superior shareholder return Debt Rating. best in sector from S&P and Moodys Market Cap... c 9Bn (c 11Bn); a sector leader worldwide Indices.... FTSE 100, ISEQ, Euro Stoxx 50, Euro Stoxx Select Div 30, DJSI Listed. Dublin (ISE), London (LSE), and New York (NYSE)

3 2 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 36 countries Strong cash generation emphasis Rigorous approach to capital allocation Distinct organisation / management approach Focus on shareholder returns and communications

4 CRH Balance expanding geographic footprint m 146m 1,270m 1,656m Ireland W.Europe USA Emerging Strong positions in developed markets Growing presence in emerging economies Basis: Annualised EBITDA

5 CRH Balance Exposure to Multiple Demand Drivers Materials Products Distribution 4 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

6 CRH Balance Supports Returns Through the Cycle GDP Growth 9% 6% 3% Relative Stability of Returns in Cyclical Markets 5 RoIC 15% 10% 5% 0% 0% % -5% -6% European Union GDP United States GDP ROIC -10% Most Severe Recession Since 1930 s IMF World Economic Outlook Database, May 2012

7 CRH Development Growth Balance remains the key By geography, sector end-use, new build vs. repair & maintenance (RMI) 6 Continued Build & Grow approach Creating clustered groups of businesses Rigorous value-based approach to development The priority superior long-term returns Returns to drive cash generation for investment and dividend payout

8 CRH An Active Acquirer 7 Bn Pre-Financial Crisis Financial Crisis Deals # Acquisition activity focussed on value creation

9 CRH Leadership Positions 8 Europe United States Emerging Top 10 Cement Region Aggregates & Leader RMC No. 1 Concrete Products No. 1 Construction Accessories Top 3 B.Materials Distribution No. 1 No. 3 Top 3 No. 1 No. 1 Top 3 Asphalt Aggregates RMC Concrete Products Building Envelope Roofing/Siding Distributor No. 1 Building Materials in Poland No. 1 Cement (26%) Northeastern China No. 2 Cement (50%) Andhra Pradesh, India

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

11 CRH A Sector Leader Worldwide 10 Bn Building Materials Sector EVs 30 59% Debt % EV Net Debt Mkt Cap 25 40% 35% 20 70% 15 54% 24% 10 6% 34% 5 22% 34% 0 Lafarge Holcim St Gobain Cemex H'berg CRH Wolseley Vulcan Martin W'berger No. 3 by Market Cap; No. 6 by Enterprise Value Source: Company Reports; Factset; (29 June 2012)

12 11 CRH Key Contacts Myles Lee CEO 30 yrs at CRH [Age 59] Maeve Carton FD 24 yrs at CRH [Age 53] CRH Investor Relations Team IR Office: mail@crh.com Albert Manifold COO 14 yrs at CRH [Age 49] Mark Towe CEO, CRH US 15 yrs at CRH 40+ yrs in industry [Age 62] Ireland Media Contact: Drury Communications Tel: International Media Contact: RLM Finsbury Tel:

13 CRH Governance Board Composition Majority of non-executive Directors (8 non-executive + 4 executive Directors) Non-executive Chairman; 5 different nationalities 12 Ireland Germany Netherlands Switzerland USA M. Lee* A. Manifold* M.C. Carton* N. Hartery J.W. Kennedy D.N. O Connor H.A. McSharry U-H Felcht J.M. de Jong E.J. Bärtschi M.S. Towe* W.P. Egan * Executive Director

14 CRH A Sector Leader In CSR Performance 13 CRH continues to be ranked among sector leaders by socially responsible investment rating agencies

15 CRH Unique Dividend Record cent EPS DPS Dividend maintained after 26 years of growth

16 CRH Broad International Shareholder Base m shares* Over 27,000 shareholders* Long-term institutional investor base * March 2012

17 CRH 2011 Financials 16 m % chg Sales 5% 18,081 17,173 EBITDA 3% 1,656 1,615 Op. Profit* 25% EBITDA Margin 9.2% 9.4% Op. Margin* 4.8% 4.1% cent % chg EPS 35% DPS Dividend Cover 1.3x 1.0x Net Debt/EBITDA 2.1x 2.2x EBITDA/Net Interest 6.4x 6.5x * includes Restructuring 61m (2010: 100m) and Impairment 21m (2010: 102m)

18 Balanced Debt Maturity Profile Bn Dec 2011 (incl. JVs) 2.0 Pro Forma Cash No Near-Term Pressures On Debt Refinancing Jan-12 Bond

19 18 CRH Debt Metrics Amongst Best in Sector 8x 6x End December Net Debt / LTM EBITDA Europe Peers Americas Peers 6.9x 7.5x 4x 2x 0x 3.7x 3.3x 3.3x 2.9x 2.1x 1.6x BBB BBB+ BBB BBB+ BB BB+ B- BB CRH Strong and Flexible Balance Sheet Source: Company Reports; Davy Book 29 June 2012; S&P Ratings

20 CRH Financial Community Coverage 19 London Bernstein, BoA/ML, Citigroup, CSFB, Deutsche Bank Exane BNP, Goldman Sachs, HSBC, ING, JPM Cazenove Jefferies Intl, MF Global, Morgan Stanley, RBS, UBS* Dublin Davy*, Dolmen Goodbody, Merrion, NCB Other Nomura (Dubai) Cheuvreux, Kepler, Oddo, Societe Generale (Paris) Longbow (USA) * Corporate Broker

21 CRH Industry Peers 20 International Materials Peers International Products & Distribution Peers

22 Contact Us 21 CRH plc Investor Relations Belgard Castle Clondalkin Dublin 22 Ireland Phone: Fax: mail@crh.com Website: 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. CRH is a registered Trade Mark of CRH plc