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    Ross Harvey • Davy Group

    Ross Harvey's questions to CRH PLC (CRH) leadership

    Ross Harvey's questions to CRH PLC (CRH) leadership • H1 2025

    Question

    Ross Harvey asked for details on the EcoMaterial acquisition rationale and financials, the year-to-date bolt-on deals, the M&A pipeline, and the agenda for the upcoming Investor Day.

    Answer

    CEO Jim Mintern explained the EcoMaterial deal accelerates their cementitious strategy in a high-growth market. CFO Nancy Buese noted the valuation is a high single-digit post-synergy multiple. Management highlighted a strong pipeline and successful integration of other bolt-ons. For the Investor Day, Mintern promised a deep dive into strategy for key businesses like Roads and Water, capital deployment plans, and mid-term growth ambitions.

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    Ross Harvey's questions to CRH PLC (CRH) leadership • Q1 2025

    Question

    Ross Harvey requested an update on the energy and the more general input cost environment for the company.

    Answer

    Executive Alan Connolly explained that beyond energy, other significant costs like labor, raw materials, and subcontractors mean CRH is still operating in an inflationary environment. He stated that the company expects mid-single-digit inflation for the full year of 2025, which underscores the importance of maintaining pricing momentum to achieve another year of margin expansion.

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    Ross Harvey's questions to CRH PLC (CRH) leadership • Q4 2024

    Question

    Ross Harvey asked for an update on the current cost environment and how management expects it to evolve throughout 2025.

    Answer

    CFO Alan Connolly confirmed that CRH is still operating in an inflationary environment, with notable pressure on labor, raw material, and subcontractor costs. He stated that the company expects mid-single-digit cost increases in 2025, which reinforces the importance of maintaining pricing momentum to achieve the goal of continued margin expansion.

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    Ross Harvey's questions to CRH PLC (CRH) leadership • Q3 2024

    Question

    Ross Harvey of Davy inquired about the expected financial contribution from recent M&A activity in 2025 and asked for an update on the company's forward-looking M&A pipeline.

    Answer

    Executive Jim Mintern quantified the net rollover contribution from 2024 M&A and divestitures at approximately $250 million in incremental adjusted EBITDA for 2025. He described the current M&A pipeline as 'strong and active' across all platforms but emphasized that the company will maintain a disciplined approach to capital allocation.

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