Kingspan Group plc Annual General Meeting 27 th April 2017
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 uncertainties, assumptions and other factors that could cause the actual results, performance or achievements of the Group to differ materially from those in the forward-looking statements. The forward-looking statements in this presentation reflect views held only as of the date hereof. Neither Kingspan nor any other person gives any representation, assurance or guarantee that the occurrence of the events expressed or implied in any forward-looking statements in this presentation will actually occur. Kingspan undertakes no duty to and will not necessarily update any such statements in light of new information or future events, except to the extent required by any applicable law or regulation. 2
THE BUSINESS 5% → A global leader in high Environmental performance insulation and 2% 6% building envelopes Light & Air Access Floors → Market leading positions in Products UK, Mainland Europe, North America and Australasia → Proprietary technology drives differentiation in product performance 22% 65% Insulation Boards Insulated Panels 3
WHAT WE DELIVER Fully Comfort Integrated Excellence & Savings Envelope in Energy Solutions Building Architectural Science Inspiration 4
2016 IN A NUTSHELL 6% 22% 67%* Access Floors Revenue Products 5% Insulation Insulated Panels Boards Environmental € 3.1 85% Billion Drivers Energy Efficiency & Conversion 8% 41% 27% 20% ROW Applications: Geography › Retail › Distribution Mainland Europe United Kingdom North America 4% Ireland › Leisure › Accommodation › Food 72% 18% 10% › Manufacturing › Data Management Sector › Infrastructure Commercial & Industrial Residential Office & Data 70% 30% End Profit Market Newbuild Refurbishment € 341 75% 25% Million Channel Via Distribution Direct Brand → Specification → Differentiation 5 Above are based on internal estimates, and are directional rather than precise. Profit is EBITA. *includes 2% Light & Air
OUR STRATEGY INNOVATION → Be the leader in high performance insulation globally – proprietary PENETRATION and differentiating technologies → Be the world’s leading provider of low energy building envelopes NET ZERO → Greater geographic ENERGY reach – focus on The Americas, Continental GLOBALISATION Europe and certain developing markets → 20% ROI target 6
COMPLETING THE ENVELOPE Kingspan Insulation Boards Global Leadership Kingspan – continue to drive Insulated Panels worldwide reach & Facades through greenfield Global Leadership and consolidation – continue to drive worldwide reach through greenfield and consolidation Kingspan Access Floors Global Leadership – continue to drive worldwide reach through greenfield and consolidation Kingspan Flatroof Membrane Embryonic position presently – Global Scale Opportunity Kingspan Kingspan Light & Air Industrial Embryonic position Insulation presently – Embryonic position Global Scale presently – Opportunity Global Scale Opportunity 7
January – March 2017* Revenue up 24% to € 831.2m +26% at constant currency +14% pre-acquisition & at constant currency Insulated Panels +32%** Insulation Boards +8% Access Floors +6% Environmental +13% **includes 6% Light & Air 8 * 01-01-2017 to 30-03-2017
OUR EVOLUTION – REVENUE CAGR = 17.5% 3.2 3.0 2.8 2.6 2.4 2.2 2.0 1.8 1.6 1.4 1.2 1.0 0.8 0.6 0.4 0.2 0.0 '94 '95 '96 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 Sales ( € bn) 9
GROWING ROCE 10.7% 2012 2013 12.3% 2014 13.4% 2015 15.2% 17.3% 2016 10
PANELS & BOARD – SALES VOLUME 50.0 40.0 30.0 Millions M2 20.0 10.0 0.0 2012 2013 2014 2015 2016 Panels Board 11
GLOBAL ORGANIC EXPANSION Kankaanpää, Finland Quadcore Panel Line 2017 Selby, UK Extruded Polystyrene Insulation Line 2018 Gemert, Netherlands SIPS Panel Line 2018 Modesto, USA Quadcore Perpignan, France Leuze, Belgium Panel Line 2019 PIR Roofpanel Door Panel Line 2017 Line 2017 Winchester, USA XPS Insulation Line 2017 Dubai, Monterrey, Mexico UAE Quadcore Quadcore Panel Panel Line 2017 Line Q1 2017 PIR Ducting Insulation 2017 Melbourne, Australia Kooltherm Line 2017 12 12 12 12
KEY INNOVATIONS 13 13
OUR NET ZERO ENERGY PATH 424 386 327 317 312 57% 243 33% 28% 126 18% 88 9% 60 27 2012 2013 2014 2015 2016 NZE% Total Renewable Energy GWh Total Energy Use GWh 14
Kingspan Insulation, Somerton, Melbourne, Australia 15
Energy Academy, Groningen, The Netherlands Insulation 16
Copenhagen International School Insulated Panels 17
Daytona International Speedway, USA Insulated Panels 18
Battery Manufacturing Facility, Reno, USA Insulated Panels 19
Data Centre, Dublin Insulated Panels, Access Floors, Insulation 20
Tech Campus, Cupertino, USA Insulated Panels, Access Floors 21
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