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CRH plc — Presentation (company IR deck)
CRH plc (CRH) · 0 slides · Filed Oct 28, 2026
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Slide 1 — Q3 2025 Results
Q3 2025 Results
Slide 2 — Disclaimer
2 Q3 2025 Results Disclaimer Unless the context otherwise provides, “we,” “us,” “our,” “CRH”, the “Company” and like terms refer to CRH plc and its consolidated subsidiaries. Forward-Looking Statements In order to rely upon the “Safe Harbor” provisions of the United States Private Securities Litigation Reform Act of 1995, CRH is providing the following cautionary statement. This presentation contains statements that are, or may be deemed to be, forward-looking statements with respect to the financial condition, results of operations, business, viability and future performance of CRH and certain of the plans and objectives of CRH. These forward-looking statements may generally, but not always, be identified by the use of words such as “will”, “anticipates”, “should”, “could”, “would”, “targets”, “aims”, “may”, “continues”, “expects”, “is expected to”, “estimates”, “believes”, “intends” or similar expressions. These forward-looking statements include all matters that are not historical facts or matters of fact at the date of this presentation. In particular, the following, among other statements, are all forward-looking in nature: plans and expectations regarding CRH's 2025 and 2026 outlook and performance, including Net income, Adjusted EBITDA, Diluted earnings per share, capital expenditures, assumed interest expense, and assumed effective tax rate; plans and expectations regarding demand, pricing and pricing momentum, costs, backlogs, trends in infrastructure, residential and non-residential markets, secular growth trends, macroeconomic and other market trends in regions where CRH operates; plans and expectations regarding growth opportunities and our M&A pipeline, including among CRH’s connected platforms of Aggregates, Cementitious, Roads and Water; plans and expectations regarding certain megatrends, including infrastructure, transportation, water and reindustralization; plans and expectations regarding government funding initiatives, including with respect to IIJA funding; expectations with respect to the impact of further potential global trade policies; statements regarding the expected benefits of CRH’s superior strategy and connected portfolio and its ability to deliver in the long-term; statements regarding the capital allocation strategy, CRH’s balance sheet, and the resulting ability to create value; statements regarding CRH’s cash generation capabilities; statements regarding the expectations and benefits of the acquisition of Eco Material Technologies, including capabilities to serve customers, production capabilities, and growth and synergy opportunities; statements regarding Growth Capex activities, including expected risk profile and returns and impacts on efficiency, automation and energy optimization; plans and expectations regarding CRH's financial capacity; and plans and expectations regarding return of cash to shareholders, including the timing and amount of share buybacks and dividends. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that may or may not occur in the future and reflect the Company’s current expectations and assumptions as to such future events and circumstances that may not prove accurate. You are cautioned not to place undue reliance on any forward-looking statements. These forward-looking statements are made as of the date of this presentation. The Company expressly disclaims any obligation or undertaking to publicly update or revise these forward-looking statements other than as required by applicable law. A number of material factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements, certain of which are beyond our control, and which include, but are not limited to, the risks and uncertainties described herein and under “Risk Factors” in our 2024 Form 10-K and in our other filings with the SEC. Non-GAAP Financial Measure Disclosure This presentation includes discussion of Adjusted EBITDA and Adjusted EBITDA Margin, each of which is a financial measure that is not calculated in accordance with U.S. generally accepted accounting principles (“GAAP”). See the discussion within 'Non-GAAP Reconciliations' on pages 30 to 31 for a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP measure. Non-GAAP financial measures should not be viewed in isolation or considered a replacement for the most directly comparable GAAP measures.
Slide 3 — Agenda
3 Q3 2025 Results Agenda Leading Performance Value-Creating Capital Allocation Proven Growth Capabilities Outlook
Slide 4 — 4
4 Q3 2025 Results Record Q3 & raising FY25 Adj. EBITDA* guidance midpoint Unmatched scale & connected portfolio expected to deliver another record year Performance enhanced through Our Growth Algorithm & the CRH Winning Way Superior Strategy & Leading Performance driving double-digit Adj. EBITDA* growth in Q3 Favorable demand & positive pricing momentum; good contributions from acquisitions ~$3.5bn invested in 27 value-accretive acquisitions YTD; attractive pipeline of opportunities 2026 outlook positive across key end-markets Built for Growth, Powered by Performance *Represents a non-GAAP financial measure. See the discussion within ‘Non-GAAP Reconciliations’ on pages 30 to 31 for a reconciliation to the most directly comparable GAAP measure. Full FY25 guidance is provided on page 28.
Slide 5 — $11.1bn
5 Q3 2025 Results Q3 2025 Financial Highlights Revenues $11.1bn +5% Adj. EBITDA* $2.7bn +10% Adj. EBITDA Margin* 24.3% +100bps Diluted EPS $2.21 +12% *Represents a non-GAAP financial measure. See the discussion within ‘Non-GAAP Reconciliations’ on pages 30 to 31 for a reconciliation to the most directly comparable GAAP measure.
Slide 6 — 6
6 Q3 2025 Results Our Growth Algorithm Growing Megatrends Infrastructure Transportation Reindustrialization x CRH Winning Way = Leading Compounder of Capital Proven long-term delivery Double-digit earnings growth 1 Water For footnoted information, refer to Appendix.
Slide 7 — Leading
7 Q3 2025 Results Leading Performance
Slide 8 — Americas Materials Solutions
8 Q3 2025 Results • Robust performance against strong comparative • Positive pricing momentum • Demand backdrop supported by transportation & reindustrialization megatrends • Bidding & backlogs ahead of PY Americas Materials Solutions $m Q3’25 $m Q3’24 $m YoY Change Revenues 5,637 5,299 +6% Adj. EBITDA 1,555 1,484 +5% Adj. EBITDA Margin 27.6% 28.0% -40bps PROVEN GROWTH CAPABILITIES SUPERIOR STRATEGY VALUE-CREATING CAPITAL ALLOCATION LEADING PERFORMANCE LEADING PERFORMANCE
Slide 9 — Americas Building Solutions
9 Q3 2025 Results • Strong profit growth & margin expansion • Favorable underlying demand & good commercial management • Robust data center & water infrastructure activity • Residential repair & remodel remains resilient Q3’25 $m Q3’24 $m YoY Change Revenues 1,797 1,757 +2% Adj. EBITDA 432 355 +22% Adj. EBITDA Margin 24.0% 20.2% +380bps Americas Building Solutions PROVEN GROWTH CAPABILITIES SUPERIOR STRATEGY VALUE-CREATING CAPITAL ALLOCATION LEADING PERFORMANCE LEADING PERFORMANCE
Slide 10 — International Solutions
10 Q3 2025 Results • Strong performance supported by continued pricing momentum & strict cost control • Central & Eastern Europe: Positive underlying demand across key end-markets • Western Europe: Activity levels stable with good commercial management • Australia: Strong demand & synergy delivery from recent acquisitions Q3’25 $m Q3’24 $m YoY Change Revenues 3,635 3,459 +5% Adj. EBITDA 708 615 +15% Adj. EBITDA Margin 19.5% 17.8% +170bps International Solutions PROVEN GROWTH CAPABILITIES SUPERIOR STRATEGY VALUE-CREATING CAPITAL ALLOCATION LEADING PERFORMANCE LEADING PERFORMANCE
Slide 11 — Value-Creating
11 Q3 2025 Results Value-Creating Capital Allocation
Slide 12 — Double-Digit Growth
12 Q3 2025 Results Double-Digit Growth +10% Adj. EBITDA* Adj. EBITDA Margin* +100bps • Strong growth in Adj. EBITDA* & Adj. EBITDA Margin* • Performance driven by positive demand, continued pricing momentum & acquisition contributions $2,454m $2,695m Q3 24 Q3 25 23.3% 24.3% Q3 24 Q3 25 PROVEN GROWTH CAPABILITIES SUPERIOR STRATEGY LEADING PERFORMANCE VALUE-CREATING CAPITAL ALLOCATION *Represents a non-GAAP financial measure. See the discussion within ‘Non-GAAP Reconciliations’ on pages 30 to 31 for a reconciliation to the most directly comparable GAAP measure.
Slide 13 — $1.2bn
13 Q3 2025 Results invested in 27 acquisitions invested in Growth Capex 1 $1.2bn returned through dividends 2 $0.7bn returned through share repurchases $1.1bn $3.5bn Value-Creating Capital Allocation ~$6.5bn in growth investments & shareholder returns The Leading Compounder of Capital in our industry with $40bn financial capacity 3 PROVEN GROWTH CAPABILITIES SUPERIOR STRATEGY LEADING PERFORMANCE VALUE-CREATING CAPITAL ALLOCATION For footnoted information, refer to Appendix.
Slide 14 — Proven Growth
14 Q3 2025 Results Proven Growth Capabilities
Slide 15 — Accelerating Growth Across Our Connected Platforms
15 Q3 2025 Results … ~95% of revenues connected to aggregates 1 Accelerating Growth Across Our Connected Platforms Aggregates Cementitious Roads Water SUPERIOR STRATEGY LEADING PERFORMANCE VALUE-CREATING CAPITAL ALLOCATION PROVEN GROWTH CAPABILITIES For footnoted information, refer to Appendix.
Slide 16 — Executing on Strong Pipeline of M&A Opportunities
16 Q3 2025 Results Executing on Strong Pipeline of M&A Opportunities $3.5bn YTD acquisition spend • 27 acquisitions YTD … Eco Material Technologies & 26 bolt-ons • Strengthening market-leading positions in attractive growth markets • Strong & active pipeline across Aggregates, Cementitious, Roads & Water Terracon Precast Newly constructed concrete pipe plant with 70kt production capacity in North Carolina American Industries Provider of aggregates, asphalt and road paving services in Connecticut Aggregates Roads Water Cementitious SUPERIOR STRATEGY LEADING PERFORMANCE VALUE-CREATING CAPITAL ALLOCATION PROVEN GROWTH CAPABILITIES
Slide 17 — Accelerating Our Cementitious Strategy
17 Q3 2025 Results Accelerating Our Cementitious Strategy • $2.1bn Eco Material Technologies acquisition complete … early integration progressing well • Strengthening position as a leading cementitious player in North America … ~25mt of annual production • Expanding national distribution network … enhancing capabilities to better serve customers • Highly complementary to existing business … strong growth & synergy opportunities Cementitious SUPERIOR STRATEGY LEADING PERFORMANCE VALUE-CREATING CAPITAL ALLOCATION PROVEN GROWTH CAPABILITIES
Slide 18 — Deploying Capital in High-Growth Areas
18 Q3 2025 Results Deploying Capital in High-Growth Areas Modernizing Leamington Plant Expanding cement capacity to meet demand throughout the inland West US Market $1.2bn YTD Growth Capex 1 • Low-risk, high-returning investments • Expanding capacity in high-growth markets • Efficiency, automation & energy optimization Greenfield Precast Pipe Plant Modern precast pipe & box culvert plant in Texas Water Cementitious Aggregates Cementitious For footnoted information, refer to Appendix. SUPERIOR STRATEGY LEADING PERFORMANCE VALUE-CREATING CAPITAL ALLOCATION PROVEN GROWTH CAPABILITIES
Slide 19 — Outlook
19 Q3 2025 Results Outlook
Slide 20 — $7.6bn – $7.7bn
20 Q3 2025 Results Raising 2025 Adj. EBITDA * Guidance Midpoint Another year of growth & value creation Adj. EBITDA* $7.6bn – $7.7bn Net Income $3.8bn – $3.9bn Diluted EPS $5.49 – $5.72 *Represents a non-GAAP financial measure. See the discussion within ‘Non-GAAP Reconciliations’ on pages 30 to 31 for a reconciliation to the most directly comparable GAAP measure. The 2025 guidance does not assume any significant one-off or non-recurring items, including the impact of further potential changes to global trade policies, impairments or other unforeseen events. 2025 net income and diluted EPS are based on approximately $0.65 billion interest expense, net, effective tax rate of approximately 22% and a year-to-date average of 680 million diluted common shares outstanding.
Slide 21 — Growing Infrastructure Megatrends in 2026
21 Q3 2025 Results Growing Infrastructure Megatrends in 2026 Reindustrialization • Strong demand for large-scale manufacturing & data centers • ~$690bn 6 US data center pipeline; all within 50 miles of a CRH location 7 Transportation • $145bn 1 market size • Continued rollout of federal IIJA funds; ~60% yet to be deployed 2 • 2026 State Transportation budgets +6% 3 Water • Large & growing market; $100bn+ ecosystem 4 • Strong projected growth in 2026; HSD % across water quality & flow control 5 #1 Infrastructure Play in North America For footnoted information, refer to Appendix.
Slide 22 — Appendix
22 Q3 2025 Results Appendix
Slide 23 — Endnotes
23 Q3 2025 Results Page 6 1. ‘Double-digit earnings growth’ refers to CRH’s compound annualized growth rate of Adjusted EBITDA for the period from December 31, 2014 to December 31, 2024. Metrics from the financial year ended December 31, 2014 are based on IFRS. 2014 EBITDA (as defined) has been modified to exclude contributions from subsequently divested businesses. The adjustments required to reflect these metrics under U.S. GAAP have not been quantified. No material differences have been identified that would impact trends calculated in accordance with U.S. GAAP in comparison to IFRS. For source data of these 2014 metrics, please refer to page 29 of this presentation. Metrics from the financial year ended December 31, 2024 are based on U.S. GAAP as reported in our 2024 Form 10-K. Page 13 1. Growth Capex reflects CRH’s recently revised internal definition of growth capital expenditures. $1.2bn Growth Capex investment year-to-date as at September 30, 2025. 2. $0.7bn returned to shareholders through Dividends year-to-date as at September 30, 2025. 3. Financial capacity is defined as the anticipated cash and debt financing available (after maintenance capex) for growth investments and cash returns to shareholders. The information is indicative only and any capital deployment will be dependent on the value creation opportunities arising over the period. The Company’s ability to deliver on these capital allocation priorities may be negatively impacted by the factors set out in the disclaimer on slide 1. Page 15 1. Management estimate. Page 18 1. Growth CapEx reflects CRH’s recently revised internal definition of growth capital expenditures. $1.2bn Growth Capex investment year-to-date as at September 30, 2025. Page 21 1. Management estimate. 2. American Road & Transportation Builders Association (ARTBA) estimate as of June 2025. 3. U.S. Department of Transportation (USDOT) proposed Fiscal Year 2026 budgets. 4. Global Water Intelligence Data. 5. Bluefield research, Data Navigator, November 2024. 6. Global Data. Data Center Construction Projects Insights and Analytics (Q2 2025). 7. Management estimate. Endnotes
Slide 24 — Americas Materials Solutions
24 Q3 2025 Results Americas Materials Solutions Analysis of change $ million Q3 2024 Currency Acquisitions Divestitures Organic Q3 2025 % Change Total revenues 5,299 (4) +254 - +88 5,637 +6% Adjusted EBITDA 1,484 (1) +60 - +12 1,555 +5% Adjusted EBITDA margin 28.0% 27.6%
Slide 25 — Americas Building Solutions
25 Q3 2025 Results Americas Building Solutions Analysis of change $ million Q3 2024 Currency Acquisitions Divestitures Organic Q3 2025 % Change Total revenues 1,757 - +38 -8 +10 1,797 +2% Adjusted EBITDA 355 - +12 -2 +67 432 +22% Adjusted EBITDA margin 20.2% 24.0%
Slide 26 — International Solutions
26 Q3 2025 Results International Solutions Analysis of change $ million Q3 2024 Currency Acquisitions Divestitures Organic Q3 2025 % Change Total revenues 3,459 +149 +137 -134 +24 3,635 +5% Adjusted EBITDA 615 +27 +21 +2 +43 708 +15% Adjusted EBITDA margin 17.8% 19.5%
Slide 27 — Materials Volumes & Prices
27 Q3 2025 Results Materials Volumes & Prices 1Americas Aggregates pricing +6% on a mix-adjusted basis in both Q3 and 9M. Q3 YoY % Change 9M YoY % Change Americas International Americas International Volume Price Volume Price Volume Price Volume Price Aggregates +7% +4% 1 +1% - +4% +5% 1 +5% +3% Asphalt +6% - -1% - +3% +1% -3% -2% Cement +4% +1% +6% - +2% +2% +9% +1% RMC +1% +2% +1% - +4% +2% +13% +5%
Slide 28 — 2025 Financial Guidance
28 Q3 2025 Results 2025 Financial Guidance 2025 Guidance (i) Low High Net income (ii) $3.8bn $3.9bn Adj. EBITDA* $7.6bn $7.7bn Diluted EPS (ii) $5.49 $5.72 Capital expenditure $2.7bn $2.8bn (i) The 2025 guidance does not assume any significant one-off or non-recurring items, including the impact of further potential changes to global trade policies, impairments or other unforeseen events. (ii) 2025 net income and diluted EPS are based on approximately $0.65 billion interest expense, net, effective tax rate of approximately 22% and a year-to-date average of approximately 680 million diluted common shares outstanding. *Represents a non-GAAP financial measure. See the discussion within ‘Non-GAAP Reconciliations’ on pages 30 to 31 for a reconciliation to the most directly comparable GAAP measure.
Slide 29 — Source Data – Double-Digit Earnings Growth
29 Q3 2025 Results Source Data – Double-Digit Earnings Growth in millions, except per share data € $ 2014 EBITDA (as defined) (i) 1,641 Less: EBITDA (as defined) from divested businesses Europe Distribution (i) (190) Americas Distribution (i) (105) Building Envelope (ii) (64) 1,282 2014 IFRS based EBITDA (as defined) (iii) (iv) 1,704 2024 U.S. GAAP based Adjusted EBITDA* per the Annual Report on Form 10-K 6,930 10-Year CAGR 15% (i) As reported under IFRS in the Annual Report on Form 20-F for 2014. (ii) The results for Building Envelope stated are under IFRS and were not previously separately reported in external filings. (iii) Effective from January 1, 2020, CRH changed its reporting currency from euro to U.S. Dollar. Reported results for 2014 have been translated from euro to U.S. Dollar using the 2014 average exchange rate of $1.329 to €1. (iv) The adjustments required to reflect these metrics under U.S. GAAP have not been quantified. No material differences have been identified that would impact trends calculated in accordance with U.S. GAAP in comparison to IFRS. *Represents a non-GAAP measure. See the discussion within 'Non-GAAP Reconciliations' on pages 30 to 31.
Slide 30 — Non-GAAP Reconciliations
30 Q3 2025 Results Non-GAAP Reconciliations CRH uses a number of non-GAAP performance measures to monitor financial performance. These measures are referred to throughout the discussion of our reported financial position and operating performance on a continuing operations basis unless otherwise defined and are measures which are regularly reviewed by CRH management. These performance measures may not be uniformly defined by all companies and accordingly may not be directly comparable with similarly titled measures and disclosures by other companies. Certain information presented is derived from amounts calculated in accordance with U.S. GAAP but is not itself an expressly permitted GAAP measure. The non-GAAP performance measures as summarized below should not be viewed in isolation or as an alternative to the equivalent GAAP measure. Adjusted EBITDA: Adjusted EBITDA is defined as earnings from continuing operations before interest, taxes, depreciation, depletion, amortization, loss on impairments, gain/loss on divestitures and investments, income/loss from equity method investments, substantial acquisition-related costs and pension expense/income excluding current service cost component. It is quoted by management in conjunction with other GAAP and non-GAAP financial measures to aid investors in their analysis of the performance of the Company. Adjusted EBITDA by segment is monitored by management in order to allocate resources between segments and to assess performance. Adjusted EBITDA margin is calculated by expressing Adjusted EBITDA as a percentage of total revenues. Reconciliation to the nearest GAAP measure is presented below: in $ millions Q3 2025 Q3 2024 FY 2024 Net income 1,519 1,389 3,521 (Income) loss from equity method investments (i) (26) (25) 108 Income tax expense 428 531 1,085 Gain on divestitures and investments (ii) (4) (59) (250) Pension income excluding current service cost component (ii) (5) (1) (7) Other interest, net (ii) (3) (2) (1) Interest expense 209 164 612 Interest income (37) (33) (143) Depreciation, depletion, amortization and impairment 601 467 1,798 Loss on impairments (i) — — 161 Substantial acquisition-related costs (iii) 13 23 46 Adjusted EBITDA 2,695 2,454 6,930 Total revenues 11,069 10,515 35,572 Net income margin 13.7% 13.2% 9.9% Adjusted EBITDA margin 24.3% 23.3% 19.5% (i) For the year ended December 31, 2024, the total impairment loss comprised $0.35 billion, principally related to the Architectural Products reporting unit within International Solutions and the equity method investment in China. (ii) Gain on divestitures and investments, pension income excluding current service cost component and other interest, net have been included in Other nonoperating income (expense), net in the Condensed Consolidated Statements of Income in the Quarterly Report on Form 10-Q. (iii) Represents expenses associated with non-routine substantial acquisitions, which meet the criteria for being separately reported in Note 3 “Acquisitions” of the unaudited financial statements in the Quarterly Report on Form 10-Q. Expenses primarily include legal and consulting expenses related to these non-routine substantial acquisitions.
Slide 31 — Non-GAAP Reconciliations
31 Q3 2025 Results Adjusted EBITDA (continued): A reconciliation to the most directly comparable GAAP measure for the mid-point of the 2025 Adjusted EBITDA guidance is presented below: in $ billions FY 2025 Mid-Point Net income 3.85 Income tax expense 1.00 Interest expense, net 0.65 Depreciation, depletion, amortization and impairment 2.20 Other (i) (0.05) Adjusted EBITDA 7.65 (i) Other primarily relates to (income) loss from equity method investments and other nonoperating (income) expense, net. Organic Revenue and Organic Adjusted EBITDA: Because of the impact of acquisitions, divestitures, currency exchange translation and other non-recurring items on reported results each reporting period, CRH uses organic revenue and organic Adjusted EBITDA as additional performance indicators to assess performance of pre-existing (also referred to as underlying, like-for-like or ongoing) operations each reporting period. Organic revenue and organic Adjusted EBITDA are arrived at by excluding the incremental revenue and Adjusted EBITDA contributions from current and prior year acquisitions and divestitures, the impact of currency exchange translation, and the impact of any one-off items. Changes in organic revenue and organic Adjusted EBITDA are presented as additional measures of revenue and Adjusted EBITDA to provide a greater understanding of the performance of the Company. Organic change % is calculated by expressing the organic movement as a percentage of the prior year reporting period (adjusted for currency exchange effects). A reconciliation of the changes in organic revenue and organic Adjusted EBITDA to the changes in total revenues and Adjusted EBITDA by segment is presented with the discussion within each segment’s performance in tables contained in the segment discussion in Part 1, Item 2. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Quarterly Report on Form 10-Q. Non-GAAP Reconciliations