Kingspan Group Plc · EURONEXT:KRX

Kingspan — Investor Presentation (2012)

24 slides from Kingspan's investor presentation, 2012

  1. Slide 1: Alternative2Energy

    Alternative2Energy High on efficiency Light on the planet Light on energy za

  2. Slide 2: At a Glance

    At a Glance  A world leader in high performance insulation  Market leading positions in UK, Mainland Europe, North America and Australasia  Proprietary technology drives differentiation in product performance Insulated Panels Insulation Access Floors Environmental (49%) (30%) (8%) (13%)  Insulat

  3. Slide 3: Kingspan Global

    Kingspan Global United Kingdom 43% Ireland 5% Australasia 5% North America 17% Mainland Europe 30%  Manufacturing and distribution operations throughout Europe, North America, Australasia  >70 Locations: 45 Manufacturing 3

  4. Slide 4: Strategic Goals

    Strategic Goals Lead the field in high performance insulation globally, greater emphasis of proprietary and differentiating technologies.  Kooltherm®  Next Generation Insulation  Benchmark Architectural Become the world’s leading provider of low energy building solutions.  The “Insulate & Genera

  5. Slide 5: Key Growth Platforms

    Key Growth Platforms  Penetration  New Product / R&D  Refurbishment / RMI  Wider Geography 5

  6. Slide 6: Sales by Division 2011

    Sales by Division 2011 Insulation Boards 30% Insulated Panels 49% Environmental & Renewables 13% Access Floors 8% 6

  7. Slide 7: Financial Performance Since Trough

    Financial Performance Since Trough Revenue (€’m) (CAGR 12%) * Trading Profit (CAGR 16%) * Consensus Broker Forecast 2012 7

  8. Slide 8: Strong Balance Sheet

    Strong Balance Sheet  Net Debt €170.1m – headroom c. €460m  Revolving Credit Facility of €330m  2005 Private placement €151mn (USD200m)  2011 Private placement €150m (USD200m)  Significant headroom on covenants  Max 3.5x net debt:EBITDA; actual 1.27x  Min 4.0x interest cover; actual 10.2x  W

  9. Slide 9: Insulated Panels

    Insulated Panels  Insulated Panels – 49% of Group Sales in 2011  Market Sector – largely non-residential, Industrial, Commercial, Office, Roof & Wall Panels and Façade Systems  Global number one  Advantages of Kingspan Insulated Panels - Insulation for life of the building - Air tightness - Spee

  10. Slide 10: Performance v. Construction Macros

    Performance v. Construction Macros North America - Panels Growth Index Growth in penetration *Source: McGraw Hill Construction 10

  11. Slide 11: Insulation Boards

    Insulation Boards  Insulation Boards – 30% of Group Sales in 2011  Market Sector – Residential (60%), Industrial & Commercial (40%), New build & Retrofit  No. 1 position globally in PIR/Kooltherm®  Geographic Markets: UK, Ireland, Western Europe, CEE, Australia  Advantages of Kingspan Insulatio

  12. Slide 12: Performance v. Construction Macros

    Performance v. Construction Macros UK Insulation Volumes Growth Index 12

  13. Slide 13: Environmental

    Environmental  Environmental & Renewables – 13% of Group Sales in 2011  Market Sector – Residential; Non-residential; New build & existing  No. 1 in UK/Ireland  Renewable Energy/Hot Water Systems; Fuel storage/Pollution Control; Rainwater Harvesting  Increased focus on renewables  Entry into M

  14. Slide 14: Access Floors

    Access Floors  Access Floors - 8% of Group Sales in 2011  Market Sector – 100% Non-residential/ Commercial e.g. Office Blocks, Data Warehousing  Manufacturing and sales in the UK & US  Market cyclicality Plot 3, More London, UK 14

  15. Slide 15: Performance vs Construction Macro's

    Performance vs Construction Macro’s US Access Floors 120 100 80 60 40 Kingspan US Access Floors 20 US Office and Bank 0 Buildings Construction* 2007 2008 2009 2010 2011 * Source: McGraw Hill Construction 15

  16. Slide 16: Building Regulations by Region

    Building Regulations by Region Percentage improvement in standards from 2005 250% 250% 200% 200% 150% 150% 100% 100% UK US 50% 50% Germany Poland 0% 0% 2005 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2005 2007 2008 2009 UK 2010 US2011Germany 2012 2013 2014 2015 2016 Poland *Note: 2011-2016 ar

  17. Slide 17: The Energy Gap

    The Energy Gap? Reduced thermal performance of fibrous insulant in building envelope and fabric systems will increase energy use, costs and CO, emissions’. THERMAL PERFORMANCE 1% moisture content by Degradation of fibrous Air movement through fibrous Impact: Moisture in flat roof volume in fibrous i

  18. Slide 18: Kingspan Insulates Better

    Kingspan Insulates Better 18

  19. Slide 19: Rigid Insulation: How it Performs

    Rigid Insulation: How it Performs 19

  20. Slide 20: US Architecture Billings Index

    ow US ABI Kingspan. Billings Index (Greater than 50 = Expansion) 8 & at Architecture Billings Index ee ee ee http://wwwa.calculatedriskblog.com/

  21. Slide 21: Penetration Potential

    Penetration Potential 2005A 2011A 2015F Insulated Panels UK 55% 64% 75% Insulated Panels NA 5% 8.5% 11.5% UK Insulation 30% 35% 40% Germany External Wall 0% 2.5% 8% CEE Insulation Board 0% 0.9% 4% Insulated Panels Australia 6% 8.5% 12% Insulation Australia 2% 6% 8% 21

  22. Slide 22: R&D Pipeline

    R&D Pipeline  Primary objective: Growing differentiation and competitive advantage  >40 active projects, annual spend ca. 1% turnover  Ranging from continuous evolutionary developments, to fundamental advancements in basic materials  Key projects: - NGI (Next Generation Insulation) - Solar Integ

  23. Slide 23: Solar Integration

    Solar Integration  PowerPanel®  Insulate & Generate - Concept provides for structural, insulating of power generating characteristics in a single building element  Move from current “plant-on”, to a vacuum integration process  Target launch 2013 23

  24. Slide 24: Alternative2Energy

    Alternative2Energy Kingspan Group plc Dublin Road, Kingscourt, Co. Cavan, Ireland Telephone: +353 42 969 8000 Fax: +353 42 966 7501 Email: [email protected] www.kingspan.com

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