Report Publication - The 2022 Annual Report has been published on 10th March 2023 and is available on the Company's website[2] - The report has been filed with the US Securities and Exchange Commission, allowing US shareholders to request a hard copy free of charge[3] - The 2022 Annual Report is expected to be posted to shareholders who requested a hard copy on 29 March 2023[7]

[Report Information](index=1&type=section&id=Report%20Information) [Filing Details](index=1&type=section&id=Filing%20Details) This document is a Form 6-K report submitted by CRH public limited company, disclosing the company's full-year results for fiscal year 2022 and containing inside information - This report is a Form 6-K filing by CRH public limited company, disclosing full-year results for fiscal year 2022[25](index=25&type=chunk)[30](index=30&type=chunk)[54](index=54&type=chunk) - The document explicitly states it contains inside information[25](index=25&type=chunk)[264](index=264&type=chunk) [Key Highlights](index=2&type=section&id=Key%20Highlights) [2022 Performance & Strategic Initiatives](index=2&type=section&id=2022%20Performance%20%26%20Strategic%20Initiatives) The company achieved strong performance in 2022 with double-digit growth in sales and EBITDA, and a 14% increase in EPS, while adopting efficient capital allocation, boosting share buybacks, and strengthening its portfolio through strategic acquisitions, alongside updated decarbonization targets and a planned US primary listing - **Strong 2022 performance** with growth in sales, EBITDA, margins, and EPS, despite significant cost inflation[30](index=30&type=chunk)[33](index=33&type=chunk)[55](index=55&type=chunk) - Adopted an efficient and disciplined capital allocation approach, with a **5% increase in annual dividend** and a plan to significantly increase share buybacks to **$3.0 billion** over the next 12 months[26](index=26&type=chunk)[75](index=75&type=chunk)[98](index=98&type=chunk)[99](index=99&type=chunk) - Invested **$3.3 billion** in solutions-focused acquisitions, with a strong pipeline of future opportunities[26](index=26&type=chunk)[77](index=77&type=chunk)[103](index=103&type=chunk) - Maintained a **robust and flexible balance sheet**, providing significant optionality for future value creation[26](index=26&type=chunk)[76](index=76&type=chunk)[101](index=101&type=chunk)[102](index=102&type=chunk) - Elevated sustainability ambitions, updating the **1.5°C decarbonization target**[26](index=26&type=chunk)[59](index=59&type=chunk) - Introduced a new organizational structure aligned with the integrated solutions strategy[26](index=26&type=chunk)[58](index=58&type=chunk) - Proposed a transition to a **US primary listing in 2023**[26](index=26&type=chunk)[79](index=79&type=chunk)[80](index=80&type=chunk) 2022 Key Financial Summary | Metric | 2022 Data | Change Rate | |:-----------|:-----------|:-------| | Sales | $32.7 billion | +12% | | EBITDA | $5.6 billion | +13% | | EBITDA Margin | 17.2% | +10bps | | EPS | $3.50 | +14% | [CEO Statement](index=2&type=section&id=CEO%20Statement) [CEO's Message](index=2&type=section&id=CEO's%20Message) CEO Albert Manifold emphasized that 2022's strong performance resulted from employee commitment, business resilience, and the integrated solutions strategy, leading to enhanced profit, margins, and returns despite cost pressures, and building the strongest-ever balance sheet for future growth and value creation - **2022 performance** reflects outstanding employee commitment, underlying strength and resilience of the business, and continued execution of the integrated solutions strategy[27](index=27&type=chunk) - Achieved further improvements in profit, margins, and returns despite significant cost pressures throughout the year[27](index=27&type=chunk) - Strong cash generation and continued focus on disciplined capital allocation resulted in the **strongest balance sheet in the company's history**, providing significant opportunities for future growth and value creation[27](index=27&type=chunk) [Financial Performance Overview](index=2&type=section&id=Financial%20Performance%20Overview) [Group Financial Highlights](index=2&type=section&id=Group%20Financial%20Highlights) CRH achieved significant financial growth in 2022, with double-digit increases in group sales and EBITDA, and substantial improvements in profit after tax from continuing operations and EPS, demonstrating effective management in addressing cost inflation 2022 Group Financial Performance (Continuing Operations) | Metric | 2022 ($m) | 2021 ($m) | Change Rate | |:---------------------|:------------|:------------|:-------| | Group Sales | 32,700 | 29,200 | +12% | | Group EBITDA | 5,600 | 5,000 | +13% | | Profit After Tax from Continuing Operations | 2,700 | 2,400 | +10% | | EPS from Continuing Operations | 3.50 | 3.06 | +14% | | Total EPS | 5.07 | 3.29 | +54% | - Group sales increased by **12%** year-on-year, and EBITDA increased by **13%**, primarily due to good commercial management and operational efficiency, offsetting significant cost inflation[33](index=33&type=chunk) - Profit after tax from continuing operations increased by **10%** compared to 2021, driven by strong trading performance[29](index=29&type=chunk) [Segmental Performance Summary](index=2&type=section&id=Segmental%20Performance%20Summary) All business segments performed strongly in 2022, with Americas Materials and Building Products achieving significant sales and EBITDA growth, while Europe Materials also saw sales and EBITDA increases driven by pricing, despite adverse currency impacts - Americas Materials performed strongly, with **total sales up 15%**, **like-for-like sales up 12%**, and **EBITDA up 6%** (like-for-like up 5%), primarily due to robust price increases across all product lines[56](index=56&type=chunk) - Building Products maintained good activity levels, with **total sales up 26%**, **like-for-like sales up 11%**, and **total EBITDA up 52%** (like-for-like up 18%), driven by strong demand in key utility infrastructure and outdoor living solutions[56](index=56&type=chunk) - Europe Materials reported **like-for-like sales growth of 11%** and **like-for-like EBITDA growth of 8%**, reflecting sustained strong pricing progress offsetting lower activity levels, but total sales were flat compared to 2021, and EBITDA decreased by **4%** due to adverse currency impacts[56](index=56&type=chunk) [Strategic Initiatives & Outlook](index=3&type=section&id=Strategic%20Initiatives%20%26%20Outlook) [Integrated Solutions Strategy & Organizational Structure](index=3&type=section&id=Integrated%20Solutions%20Strategy%20%26%20Organizational%20Structure) The company continues to advance its integrated solutions strategy by combining value-added materials, products, and services to meet increasingly complex customer construction needs, transitioning to a new organizational structure effective January 1, 2023, with two divisions and four reporting segments - **2022 performance** reflects the continued execution of the company's integrated solutions strategy, which provides tailored solutions by combining value-added materials, products, and services for customers[58](index=58&type=chunk) - To accelerate strategic development and adapt to industry changes, the company transitioned to a new organizational structure effective **January 1, 2023**, comprising two divisions (CRH Americas and CRH Europe) and four reporting segments (Americas Materials Solutions, Americas Building Solutions, Europe Materials Solutions, and Europe Building Solutions)[38](index=38&type=chunk)[58](index=58&type=chunk)[169](index=169&type=chunk) [Sustainability & Decarbonization](index=3&type=section&id=Sustainability%20%26%20Decarbonization) The company is committed to continuously improving its sustainability performance and decarbonizing its operations, announcing an industry-leading absolute carbon emissions reduction target by 2030, validated by SBTi, and launching CRH Ventures with a $250 million fund for construction and climate technology investments - The company announced a target to achieve a **30% absolute reduction in carbon emissions by 2030** (from a 2021 base year), validated by the Science Based Targets initiative (SBTi), consistent with its 2050 net-zero target[59](index=59&type=chunk) - Launched CRH Ventures, a venture capital arm with a **$250 million** venture and innovation fund, to partner with construction and climate technology companies, supporting the development of new technologies and innovative solutions for customer needs and a sustainable built environment[36](index=36&type=chunk) [Trading Outlook](index=3&type=section&id=Trading%20Outlook) Despite macroeconomic uncertainties and persistent cost inflation, the company anticipates resilient demand and price increases in 2023, with North American operations benefiting from strong pricing and infrastructure demand, while Europe expects positive pricing momentum to offset volume declines - **Resilient demand and price increases** are anticipated for 2023, despite macroeconomic uncertainties and persistent cost inflation[37](index=37&type=chunk) - North American operations will benefit from **strong pricing** and significant increases in federal and state-level infrastructure funding[37](index=37&type=chunk) - The non-residential sector is supported by clean energy government funding and key manufacturing reshoring, while the residential new-build market will experience short-term weakness due to rising interest rates[37](index=37&type=chunk) - Europe anticipates positive pricing momentum to offset lower volumes, with Central and Eastern European construction activity supported by EU infrastructure funds, and Western European operations underpinned by resilient repair, maintenance, and improvement (RMI) activity and stable infrastructure demand[37](index=37&type=chunk) [Segmental Performance](index=3&type=section&id=Segmental%20Performance) [Americas Materials](index=3&type=section&id=Americas%20Materials) Americas Materials delivered strong performance in 2022, with growth in both sales and EBITDA, primarily driven by robust price increases across all business lines, despite adverse weather and rising input costs, further consolidating its market position through acquisitions Americas Materials 2022 Financial Performance | Metric | 2021 ($m) | 2022 ($m) | Change Rate | |:-----------------|:------------|:------------|:-------| | Sales Revenue | 12,407 | 14,324 | +15% | | EBITDA | 2,588 | 2,748 | +6% | | Operating Profit | 1,788 | 1,909 | +7% | | EBITDA/Sales | 20.9% | 19.2% | -1.7pp | | Operating Profit/Sales | 14.4% | 13.3% | -1.1pp | - Sales increased by **15%**, EBITDA by **6%**, and operating profit by **7%**, primarily driven by robust price increases across all business lines, partially offset by lower volumes due to adverse weather and rising input costs[39](index=39&type=chunk)[62](index=62&type=chunk) - Completed **10 solutions-focused acquisitions** in 2022, totaling **$500 million** in expenditure, with the largest being Hinkle Contracting Company in Kentucky[63](index=63&type=chunk) [Product & Regional Performance](index=4&type=section&id=Product%20%26%20Regional%20Performance) Americas Materials achieved price increases across aggregates, asphalt, ready-mixed concrete, and cement product lines, offsetting some volume declines and cost inflation, with varied regional market performance due to weather and other factors - Aggregates volumes decreased by **1%** but prices increased by **10%**; asphalt volumes increased by **3%** with prices up **20%**; ready-mixed concrete volumes decreased by **6%** but prices increased by **14%**; cement volumes slightly decreased but prices increased by **12%**[41](index=41&type=chunk)[45](index=45&type=chunk)[64](index=64&type=chunk)[65](index=65&type=chunk) - Southern region sales increased by **26%**, with volumes ahead of the prior year, but operating profit slightly decreased as strong pricing was offset by increased energy and asphalt costs[67](index=67&type=chunk) - Northeast region sales increased by **10%**, with operating profit up, primarily due to price increases offsetting lower volumes and increased input costs[66](index=66&type=chunk) - Great Lakes sales increased by **20%**, and Western region sales increased by **10%**, primarily through commercial management and pricing strategies to counter cost inflation[43](index=43&type=chunk)[44](index=44&type=chunk) [Building Products](index=4&type=section&id=Building%20Products) Building Products achieved significant growth in 2022, with substantial increases in sales and operating profit, driven by strong demand in key utility infrastructure and outdoor living solutions, as well as contributions from successful acquisitions, further enhancing profitability through effective cost control and production efficiency improvements Building Products 2022 Financial Performance | Metric | 2021 ($m) | 2022 ($m) | Change Rate | |:-----------------|:------------|:------------|:-------| | Sales Revenue | 6,218 | 7,823 | +26% | | EBITDA | 992 | 1,510 | +52% | | Operating Profit | 729 | 1,161 | +59% | | EBITDA/Sales | 16.0% | 19.3% | +3.3pp | | Operating Profit/Sales | 11.7% | 14.8% | +3.1pp | - Sales increased by **26%** (like-for-like up 11%), EBITDA by **52%** (like-for-like up 18%), and operating profit by **59%** (like-for-like up 20%), primarily due to strong demand in key utility infrastructure and outdoor living solutions, coupled with sustained cost control and production efficiency[46](index=46&type=chunk) - Completed **10 acquisitions** in 2022, primarily in the US, totaling approximately **$2.7 billion** in expenditure, with the largest being Barrette Outdoor Living, a leading North American provider of fencing and railing solutions[69](index=69&type=chunk) [Product Performance](index=5&type=section&id=Product%20Performance) Building Products' sub-categories performed well, with sales growth in architectural products across North America and Europe, strong demand for infrastructure products, and leading sales in building envelope solutions through aggressive pricing, while the divested Building Envelope business also grew sales and EBITDA prior to its divestment - North American architectural products sales grew strongly, with robust performance in Europe despite currency headwinds; integration of Barrette Outdoor Living is progressing well[70](index=70&type=chunk) - Infrastructure products sales grew strongly, particularly in North America, benefiting from strong demand in communications, energy, water, and transportation sectors, and contributions from recent acquisitions[71](index=71&type=chunk) - Building envelope solutions achieved leading sales across all regions through aggressive pricing actions, with operating profit significantly ahead of the prior year[91](index=91&type=chunk) - The Building Envelope business (divested) reported sales and EBITDA ahead of 2021 prior to its divestment in April 2022, benefiting from sales growth and margin expansion from operational efficiencies[92](index=92&type=chunk) [Europe Materials](index=5&type=section&id=Europe%20Materials) Europe Materials successfully offset significant energy and other input cost inflation, as well as the impact of the conflict in Ukraine, through commercial management and cost-saving initiatives in 2022, resulting in like-for-like sales and EBITDA growth, despite adverse currency translation effects on total sales and EBITDA Europe Materials 2022 Financial Performance | Metric | 2021 ($m) | 2022 ($m) | Change Rate | |:-----------------|:------------|:------------|:-------| | Sales Revenue | 10,581 | 10,576 | - | | EBITDA | 1,410 | 1,357 | -4% | | Operating Profit | 814 | 824 | +1% | | EBITDA/Sales | 13.3% | 12.8% | -0.5pp | | Operating Profit/Sales | 7.7% | 7.8% | +0.1pp | - Like-for-like sales grew by **11%**, like-for-like EBITDA by **8%**, and operating profit like-for-like by **12%**, primarily due to sustained strong pricing progress and cost-saving initiatives[93](index=93&type=chunk) - Adverse currency translation effects resulted in total sales being flat compared to 2021, EBITDA decreasing by **4%**, and operating profit increasing by **1%**[93](index=93&type=chunk) [Regional Performance](index=5&type=section&id=Regional%20Performance) Europe Materials' performance varied across regions, with strong sales and operating profit in the UK and Ireland, flat sales but growing operating profit in Northern Europe, and slight sales decline but like-for-like operating profit growth in Western Europe, while Eastern Europe's sales were ahead despite the Ukraine conflict impacting total operating profit, and Asian regions saw lower sales and operating profit due to construction restrictions and cost inflation - UK and Ireland sales and operating profit significantly exceeded 2021, driven by strong pricing and ongoing performance optimization[49](index=49&type=chunk) - Northern Europe (Finland, Germany, and Switzerland) sales were flat compared to 2021, primarily due to price increases offsetting volume declines, with like-for-like operating profit ahead[72](index=72&type=chunk) - Western Europe (France, Benelux, Denmark, and Spain) sales were slightly below 2021, but like-for-like operating profit was ahead, benefiting from higher pricing and sustained cost savings[94](index=94&type=chunk) - Eastern Europe (Poland, Ukraine, Romania, Hungary, Slovakia, Serbia, and Croatia) sales were ahead, but the Ukraine conflict impacted activity levels, leading to total operating profit being below the prior year[73](index=73&type=chunk) - Philippines sales lagged 2021, with operating profit significantly impacted by high energy and transportation costs; performance of Chinese associates was affected by COVID-19 restrictions[95](index=95&type=chunk)[97](index=97&type=chunk) [Other Financial Items](index=6&type=section&id=Other%20Financial%20Items) [Depreciation, Tax & Finance Costs](index=6&type=section&id=Depreciation%2C%20Tax%20%26%20Finance%20Costs) Depreciation and amortization expenses in 2022 were flat compared to the prior year, profit before tax increased, but the effective tax rate rose due to the tax impact of divested businesses, while net finance costs decreased, primarily benefiting from higher interest income and lower debt levels - Total depreciation and amortization expenses were **$1.7 billion**, flat compared to the prior year (2021: **$1.7 billion**)[52](index=52&type=chunk) - Profit before tax was **$3.5 billion** (2021: **$3.1 billion**), with related tax expenses of **$785 million** (2021: **$661 million**), resulting in an effective tax rate of **22.6%** (2021: **21.3%**), higher than the prior year, primarily due to the tax impact of divested businesses[53](index=53&type=chunk) - Net finance costs were **$376 million**, lower than **$399 million** in 2021, primarily due to increased interest income and lower debt levels offsetting higher interest expenses from rising interest rates[74](index=74&type=chunk) [Disposals & Equity Accounted Investments](index=6&type=section&id=Disposals%20%26%20Equity%20Accounted%20Investments) Disposals from continuing operations resulted in a total loss of $49 million, while the divestment of the Building Envelope business generated a profit after tax of $1.1 billion, and profit from equity-accounted investments was zero, mainly due to the impact of COVID-19 restrictions on Chinese associates' performance - Disposals and asset sales from continuing operations resulted in a total loss of **$49 million** (2021: **$116 million** profit)[96](index=96&type=chunk) - Profit after tax from the divestment of the Building Envelope business was **$1.1 billion**, recognized in profit after tax from discontinued operations[96](index=96&type=chunk) - Profit from equity-accounted investments was **zero** (2021: **$55 million**), primarily due to the impact of COVID-19 restrictions on Chinese associates' performance[97](index=97&type=chunk) [Shareholder Returns](index=6&type=section&id=Shareholder%20Returns) [Dividend Policy & Declaration](index=6&type=section&id=Dividend%20Policy%20%26%20Declaration) The Board recommends a final dividend of $1.03 per share, bringing the total annual dividend to $1.27 per share, a 5% increase from 2021, consistent with the company's progressive dividend policy, with payments to be made entirely in cash - The Board recommends a final dividend of **$1.03 per share**, bringing the total annual dividend to **$1.27 per share** (2021: **$1.21 per share**), an increase of **5.0%** from 2021, consistent with the company's progressive dividend policy[98](index=98&type=chunk) - Dividend cover was **2.8x** based on EPS from continuing operations[98](index=98&type=chunk) - The final dividend will be paid on **May 4, 2023**, to shareholders registered at the close of business on **March 17, 2023**, with an ex-dividend date of **March 16, 2023**, and will be paid entirely in cash[98](index=98&type=chunk) [Share Buyback Programme](index=6&type=section&id=Share%20Buyback%20Programme) The company continued its share buyback program in 2022, repurchasing 29.8 million ordinary shares for a total consideration of $1.2 billion, and plans to significantly increase its share buyback program to up to $3.0 billion of CRH shares over the next 12 months, given its strong financial position and cash generation - The company continued its share buyback program in 2022, repurchasing **29.8 million ordinary shares** (2021: **17.8 million shares**) for a total consideration of **$1.2 billion** (2021: **$0.9 billion**)[99](index=99&type=chunk) - The company plans to significantly increase its share buyback program to up to **$3.0 billion** of CRH shares over the next 12 months, to return value to shareholders while maintaining financial flexibility for investment growth[75](index=75&type=chunk)[100](index=100&type=chunk) [Balance Sheet and Liquidity](index=6&type=section&id=Balance%20Sheet%20and%20Liquidity) [Financial Position & Debt Metrics](index=6&type=section&id=Financial%20Position%20%26%20Debt%20Metrics) At the end of 2022, the company held $5.9 billion in cash and cash equivalents, along with $3.7 billion in undrawn committed credit facilities, ensuring debt repayment capacity for the next five years, with year-end net debt at $5.1 billion and a net debt/EBITDA ratio of 0.9x, indicating a strong financial position and investment-grade credit ratings - At year-end 2022, the Group held **$5.9 billion** in cash and cash equivalents, and **$3.7 billion** in undrawn committed credit facilities, available until 2026[76](index=76&type=chunk) - Year-end net debt was **$5.1 billion** (2021: **$6.3 billion**), with a net debt/EBITDA ratio of **0.9x** (2021: **1.3x**), reflecting healthy operating cash inflows and proceeds from divestments[101](index=101&type=chunk)[229](index=229&type=chunk) - The Group maintains a **robust balance sheet** and strong investment-grade credit ratings, achieving BBB+ or equivalent from all three rating agencies[102](index=102&type=chunk) - The weighted average remaining debt maturity was **12.2 years**, with sufficient cash balances to meet all debt obligations maturing over the next five years[76](index=76&type=chunk) [Investments and Divestments](index=7&type=section&id=Investments%20and%20Divestments) [Acquisitions](index=7&type=section&id=Acquisitions) In 2022, the company invested $3.3 billion in 29 acquisitions, the largest being the $1.9 billion acquisition of Barrette Outdoor Living, a leading North American provider of fencing and railing solutions, to enhance its outdoor living solutions portfolio, with Americas Materials and Europe Materials segments also completing several solutions-focused acquisitions - In 2022, the Group invested **$3.3 billion** in **29 acquisitions** (including deferred and contingent consideration for prior acquisitions)[77](index=77&type=chunk)[103](index=103&type=chunk) - The largest acquisition was the Building Products segment's **$1.9 billion** purchase of Barrette Outdoor Living, a leading North American provider of fencing and railing solutions, to enhance its sustainable outdoor living solutions portfolio[77](index=77&type=chunk) - Americas Materials segment completed **10 solutions-focused acquisitions** totaling **$500 million** in expenditure; Europe Materials segment completed **9 bolt-on acquisitions** totaling **$100 million** in expenditure[77](index=77&type=chunk) [Divestments](index=7&type=section&id=Divestments) In 2022, the company completed nine transactions, generating total proceeds of $3.9 billion from business and asset disposals, primarily from the divestment of the Building Envelope business, which yielded $3.5 billion in cash proceeds - In 2022, the Group completed **9 transactions**, generating total proceeds of **$3.9 billion** from business and asset disposals, primarily related to the divestment of the Building Envelope business[103](index=103&type=chunk) - The largest divestment was the Building Envelope business, which generated **$3.5 billion** in cash proceeds (enterprise value of **$3.8 billion**, including **$300 million** of transferred lease liabilities)[104](index=104&type=chunk) - Additionally, the Group completed **8 other divestments**, generating total proceeds of **$200 million**, and received **$100 million** from the disposal of remaining property, plant, and equipment and other non-current assets[104](index=104&type=chunk) [Listing Considerations](index=7&type=section&id=Listing%20Considerations) [Rationale for US Primary Listing](index=7&type=section&id=Rationale%20for%20US%20Primary%20Listing) North American operations currently account for approximately 75% of the Group's EBITDA and are expected to be a key driver of CRH's future growth, with the company believing a US primary listing will provide more commercial, operational, and acquisition opportunities, further accelerating its integrated solutions strategy and delivering higher profitability, returns, and cash for shareholders, without affecting CRH plc's headquarters, place of incorporation, or tax residency in Ireland - North American operations currently account for approximately **75% of Group EBITDA** and are expected to be a key driver of CRH's future growth, with potential for further increased exposure in this market due to significant increases in infrastructure funding, manufacturing reshoring, and undersupply in the residential construction market[79](index=79&type=chunk) - The company believes a US primary listing will provide more commercial, operational, and acquisition opportunities, further accelerating its integrated solutions strategy and delivering **higher profitability, returns, and cash** for shareholders[80](index=80&type=chunk) - This change in listing structure will **not affect CRH plc's headquarters, place of incorporation, or tax residency in Ireland**[81](index=81&type=chunk) - The company will present the rationale for the recommended US primary listing to shareholders in the coming weeks and will provide further updates in its trading statement on **April 26, 2023**[106](index=106&type=chunk)[107](index=107&type=chunk) [Primary Financial Statements](index=8&type=section&id=Primary%20Financial%20Statements) [Consolidated Income Statement](index=8&type=section&id=Consolidated%20Income%20Statement) The 2022 consolidated income statement shows growth in both group revenue and profit, with significant improvements in profit after tax from continuing operations and EPS, though losses from disposed businesses had some impact on total profit Consolidated Income Statement Summary (2022 vs 2021) | Metric | 2022 ($m) | 2021 ($m) | |:-----------------------------------|:------------|:------------| | Revenue | 32,723 | 29,206 | | Cost of Sales | (21,844) | (19,350) | | Gross Profit | 10,879 | 9,856 | | Operating Costs | (6,985) | (6,525) | | Group Operating Profit | 3,894 | 3,331 | | Profit/(Loss) on Disposals | (49) | 116 | | Profit Before Tax from Continuing Operations | 3,469 | 3,103 | | Income Tax Expense | (785) | (661) | | Profit After Tax from Continuing Operations | 2,684 | 2,442 | | Profit After Tax from Discontinued Operations | 1,190 | 179 | | Group Profit for the Year | 3,874 | 2,621 | | Basic EPS from Continuing Operations | $3.50 | $3.06 | | Diluted EPS from Continuing Operations | $3.48 | $3.03 | | Basic EPS | $5.07 | $3.29 | | Diluted EPS | $5.03 | $3.26 | [Consolidated Statement of Comprehensive Income](index=8&type=section&id=Consolidated%20Statement%20of%20Comprehensive%20Income) The consolidated statement of comprehensive income shows a group profit for the year of $3.874 billion in 2022, with other comprehensive income of negative $373 million, resulting in a total comprehensive income for the year of $3.501 billion Consolidated Statement of Comprehensive Income Summary (2022 vs 2021) | Metric | 2022 ($m) | 2021 ($m) | |:-----------------------------------|:------------|:------------| | Group Profit for the Year | 3,874 | 2,621 | | Other Comprehensive Income | (373) | (84) | | - Items that may be reclassified to profit or loss in subsequent periods | (589) | (312) | | - Items that will not be reclassified to profit or loss in subsequent periods | 216 | 228 | | Total Comprehensive Income for the Year | 3,501 | 2,537 | [Consolidated Balance Sheet](index=9&type=section&id=Consolidated%20Balance%20Sheet) As of December 31, 2022, total group assets slightly increased, non-current assets remained stable, and current assets rose, while total liabilities decreased, primarily due to a reduction in non-current liabilities, with shareholder equity growing significantly, reflecting the company's robust financial position Consolidated Balance Sheet Summary (2022 vs 2021) | Metric | 2022 ($m) | 2021 ($m) | |:---------------------|:------------|:------------| | **Assets** | | | | Total Non-Current Assets | 30,387 | 30,626 | | Total Current Assets | 14,801 | 14,044 | | **Total Assets** | **45,188** | **44,670** | | **Liabilities** | | | | Total Non-Current Liabilities | 13,962 | 16,175 | | Total Current Liabilities | 8,889 | 7,581 | | **Total Liabilities** | **22,851** | **23,756** | | **Equity** | | | | Equity Attributable to Company Shareholders | 21,691 | 20,233 | | Non-Controlling Interests | 646 | 681 | | **Total Equity** | **22,337** | **20,914** | [Consolidated Statement of Changes in Equity](index=10&type=section&id=Consolidated%20Statement%20of%20Changes%20in%20Equity) The consolidated statement of changes in equity details various changes in shareholder equity in 2022, including group profit, other comprehensive income, share buybacks, dividend payments, and other adjustments, ultimately leading to an increase in total equity from $20.914 billion at year-end 2021 to $22.337 billion at year-end 2022 - Total equity was **$20.914 billion** on January 1, 2022, and increased to **$22.337 billion** by December 31, 2022[135](index=135&type=chunk) - Changes in equity primarily include group profit for the year of **$3.874 billion**, other comprehensive income of negative **$373 million**, as well as share buybacks (**$1.153 billion**) and dividend payments (**$944 million**)[135](index=135&type=chunk) [Consolidated Statement of Cash Flows](index=11&type=section&id=Consolidated%20Statement%20of%20Cash%20Flows) The consolidated statement of cash flows shows net cash inflow from operating activities of $3.954 billion, net cash outflow from investing activities of $884 million, and net cash outflow from financing activities of $2.686 billion in 2022, ultimately leading to a $384 million increase in cash and cash equivalents, despite a slight decrease in operating cash inflow Consolidated Statement of Cash Flows Summary (2022 vs 2021) | Metric | 2022 ($m) | 2021 ($m) | |:---------------------------|:------------|:------------| | Net Cash Inflow from Operating Activities | 3,954 | 4,210 | | Net Cash Outflow from Investing Activities | (884) | (2,546) | | Net Cash Outflow from Financing Activities | (2,686) | (3,305) | | Increase/(Decrease) in Cash and Cash Equivalents | 384 | (1,641) | | Cash and Cash Equivalents at Year-End | 5,936 | 5,783 | - Net cash inflow from operating activities was **$3.954 billion**, and excluding increased tax outflows related to the Building Envelope divestment, operating cash inflow was higher than in 2021[101](index=101&type=chunk)[112](index=112&type=chunk) - Net cash outflow from investing activities significantly decreased, primarily due to proceeds from business disposals (**$3.827 billion**), offsetting expenditures for subsidiary acquisitions (**$3.253 billion**) and property, plant, and equipment purchases (**$1.523 billion**)[89](index=89&type=chunk)[112](index=112&type=chunk) - Net cash outflow from financing activities primarily included share buybacks (**$1.178 billion**) and dividend payments (**$917 million**)[89](index=89&type=chunk) [Selected Explanatory Notes to the Consolidated Financial Statements](index=12&type=section&id=Selected%20Explanatory%20Notes%20to%20the%20Consolidated%20Financial%20Statements) [Basis of Preparation and Accounting Policies](index=12&type=section&id=Basis%20of%20Preparation%20and%20Accounting%20Policies) The financial information in this report is prepared in accordance with International Financial Reporting Standards (IFRS), with no material impact from 2022 standard revisions, and a voluntary change in operating cash flow presentation from January 1, 2022, had no impact on net cash inflow - Financial information is prepared in accordance with **International Financial Reporting Standards (IFRS)**[114](index=114&type=chunk) - Revisions to standards effective **January 1, 2022** (including amendments to IFRS 3, IAS 16, IAS 37, and annual improvements), had no material impact on the Group's performance[115](index=115&type=chunk) - The company voluntarily changed its accounting policy for presenting operating cash flow in the consolidated statement of cash flows from **January 1, 2022**, using "Group profit for the year" as the starting point, but this had no impact on net cash inflow or any other financial statement items[116](index=116&type=chunk) [Translation of Foreign Currencies](index=13&type=section&id=Translation%20of%20Foreign%20Currencies) The Group presents financial information in US Dollars, with results and cash flows of non-USD functional currency operations translated at annual average exchange rates, and the balance sheet translated at year-end exchange rates, with the report providing 2022 and 2021 average and year-end exchange rates for major currencies against the US Dollar - Financial information is presented in **US Dollars**, with results and cash flows of non-USD functional currency operations translated at annual average exchange rates, and the balance sheet translated at year-end exchange rates[117](index=117&type=chunk) Major Foreign Currency Exchange Rates vs USD (2022 vs 2021) | Currency | 2022 Average Rate | 2021 Average Rate | 2022 Year-End Rate | 2021 Year-End Rate | |:-----------------|:---------------|:---------------|:-------------|:-------------| | Brazilian Real | 5.1648 | 5.3968 | 5.2794 | 5.5716 | | Canadian Dollar | 1.3017 | 1.2538 | 1.3535 | 1.2716 | | Euro | 0.9518 | 0.8460 | 0.9368 | 0.8829 | | Pound Sterling | 0.8120 | 0.7270 | 0.8310 | 0.7417 | | Swiss Franc | 0.9551 | 0.9145 | 0.9230 | 0.9119 | | Ukrainian Hryvnia | 32.6730 | 27.2588 | 36.9172 | 27.2850 | [Key Components of 2022 Performance & Seasonality](index=13&type=section&id=Key%20Components%20of%202022%20Performance%20%26%20Seasonality) The growth in 2022 performance was primarily driven by a combination of organic growth, acquisition contributions, and exchange rate impacts, with the construction industry exhibiting seasonal characteristics and weather dependency, resulting in a lower proportion of full-year sales and EBITDA recognized in the first half 2022 Performance Change Analysis (Continuing Operations) | Metric | 2021 ($m) | FX Impact ($m) | 2021/2022 Acquisition Increments ($m) | 2021/2022 Divestment Decrements ($m) | Organic Growth ($m) | 2022 ($m) | Total Change Rate | Organic Change Rate | |:-----------------|:------------|:--------------|:-----------------------|:-----------------------|:--------------|:------------|:---------|:-----------| | Sales Revenue | 29,206 | (1,359) | 1,739 | (108) | 3,245 | 32,723 | 12% | 12% | | EBITDA | 4,990 | (168) | 402 | (17) | 408 | 5,615 | 13% | 8% | | Operating Profit | 3,331 | (82) | 275 | (13) | 383 | 3,894 | 17% | 12% | | Profit Before Tax | 3,103 | (68) | 220 | (143) | 357 | 3,469 | 12% | 12% | - The construction industry is cyclical and seasonal, affected by weather, with **46%** of full-year sales (2021: **45%**) and **39%** of full-year EBITDA (2021: **36%**) recognized in the first half[119](index=119&type=chunk) [Revenue Disaggregation](index=14&type=section&id=Revenue%20Disaggregation) Group revenue is disaggregated by major geographical markets and by major activities and products, with the United States being the largest revenue source, followed by the UK and other European regions, and construction contract activities, aggregates/asphalt/ready-mixed products, and cement/lime products serving as primary revenue sources Revenue by Major Geographical Market (2022 vs 2021) | Geographical Market | 2022 ($m) | 2021 ($m) | |:-----------------|:------------|:------------| | United States | 19,088 | 15,618 | | United Kingdom | 4,241 | 4,199 | | Rest of Europe | 6,293 | 6,316 | | Republic of Ireland | 801 | 706 | | Rest of World | 2,300 | 2,367 | | **Total Continuing Operations** | **32,723** | **29,206** | | Total Discontinued Operations | 645 | 1,775 | Revenue by Major Activity and Product (2022 vs 2021) | Activity and Product | 2022 ($m) | 2021 ($m) | |:-------------------|:------------|:------------| | Construction Contract Activities | 7,980 | 6,819 | | Building Products | 5,717 | 5,054 | | Infrastructure Products | 2,702 | 1,788 | | Building Envelope Solutions | 795 | 731 | | Cement, Lime & Cement Products | 5,035 | 4,946 | | Aggregates, Asphalt & Ready-Mixed Products | 10,494 | 9,868 | | **Total Continuing Operations** | **32,723** | **29,206** | | Total Discontinued Operations | 645 | 1,775 | - As of December 31, 2022, unrecognised long-term construction contract revenue was **$3.742 billion** (2021: **$3.177 billion**), with the majority expected to be recognized within 12 months[148](index=148&type=chunk) [Segment Information](index=15&type=section&id=Segment%20Information) The Group reorganized into CRH Americas and CRH Europe divisions on January 1, 2023, and increased its reporting segments, with Americas Materials, Building Products, and Europe Materials serving as primary reporting segments in 2022, with detailed disclosures of their revenue, EBITDA, depreciation, amortization, and operating profit - Effective **January 1, 2023**, the Group reorganized into two divisions, CRH Americas and CRH Europe, increasing reporting segments from three to four: Americas Materials Solutions, Americas Building Solutions, Europe Materials Solutions, and Europe Building Solutions[169](index=169&type=chunk) - Changes in segmental reporting have no financial impact on the Group's consolidated financial statements[170](index=170&type=chunk) Revenue, EBITDA, Depreciation, Amortization & Operating Profit by Segment (2022 vs 2021) | Metric | Segment | 2022 ($m) | Share (%) | 2021 ($m) | Share (%) | |:-------------------------|:-----------------|:------------|:---------|:------------|:---------| | **Revenue** | Americas Materials | 14,324 | 43.8 | 12,407 | 42.5 | | | Building Products | 7,823 | 23.9 | 6,218 | 21.3 | | | Europe Materials | 10,576 | 32.3 | 10,581 | 36.2 | | **EBITDA** | Americas Materials | 2,748 | 48.9 | 2,588 | 51.9 | | | Building Products | 1,510 | 26.9 | 992 | 19.9 | | | Europe Materials | 1,357 | 24.2 | 1,410 | 28.2 | | **Depreciation, Amortization & Impairment** | Americas Materials | 839 | 48.7 | 800 | 48.2 | | | Building Products | 349 | 20.3 | 263 | 15.9 | | | Europe Materials | 533 | 31.0 | 596 | 35.9 | | **Group Operating Profit** | Americas Materials | 1,909 | 49.0 | 1,788 | 53.7 | | | Building Products | 1,161 | 29.8 | 729 | 21.9 | | | Europe Materials | 824 | 21.2 | 814 | 24.4 | Segment Assets & Liabilities (2022 vs 2021) | Metric | Segment | 2022 ($m) | Share (%) | 2021 ($m) | Share (%) | |:-----------------|:-----------------|:------------|:---------|:------------|:---------| | **Total Assets** | Americas Materials | 17,609 | 45.8 | 17,064 | 45.0 | | | Building Products | 9,165 | 23.9 | 8,504 | 22.4 | | | Europe Materials | 11,622 | 30.3 | 12,367 | 32.6 | | **Total Liabilities** | Americas Materials | 3,227 | 33.9 | 3,292 | 33.0 | | | Building Products | 2,045 | 21.5 | 2,579 | 25.9 | | | Europe Materials | 4,245 | 44.6 | 4,100 | 41.1 | [Earnings per Ordinary Share](index=17&type=section&id=Earnings%20per%20Ordinary%20Share) In 2022, the company's basic and diluted EPS from continuing operations both increased, while total EPS significantly rose due to the profit contribution from discontinued operations Earnings per Ordinary Share (2022 vs 2021) | Metric | 2022 ($) | 2021 ($) | |:-----------------------------------|:-----------|:-----------| | Basic EPS from Continuing Operations | 3.50 | 3.06 | | Diluted EPS from Continuing Operations | 3.48 | 3.03 | | Basic EPS | 5.07 | 3.29 | | Diluted EPS | 5.03 | 3.26 | - Profit attributable to ordinary shareholders (numerator for basic/diluted EPS) was **$3.847 billion** (2021: **$2.565 billion**)[171](index=171&type=chunk) - Profit after tax from discontinued operations attributable to company shareholders was **$1.190 billion** (2021: **$179 million**)[171](index=171&type=chunk) [Dividends](index=18&type=section&id=Dividends) The Board recommends a final dividend of $1.03 per share, bringing the total annual dividend to $1.27 per share, a 5% increase from the prior year, with payments to be made in Euros, Pound Sterling, and US Dollars according to shareholders' existing instructions Dividend Information (2022 vs 2021) | Metric | 2022 ($) | 2021 ($) | |:---------------------|:-----------|:-----------| | Net Dividend Paid Per Share | 1.22 | 1.16 | | Net Dividend Declared Per Share | 1.27 | 1.21 | | Dividend Cover from Continuing Operations | 2.8x | 2.5x | - The Board recommends a final dividend of **$1.03 per share**, bringing the total annual dividend to **$1.27 per share**, a **5% increase** from the prior year[174](index=174&type=chunk) - The final dividend will be paid in Euros, Pound Sterling, and US Dollars according to shareholders' existing payment instructions, with exchange rates expected to be determined on **April 20, 2023**[154](index=154&type=chunk)[175](index=175&type=chunk) [Assets Held for Sale and Discontinued Operations](index=18&type=section&id=Assets%20Held%20for%20Sale%20and%20Discontinued%20Operations) In April 2022, the Group completed the divestment of its Building Envelope business, which was classified as a discontinued operation, generating a profit of $1.471 billion and proceeds from disposal of $3.525 billion, with cash flow from discontinued operations in 20

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 ____________________________ FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A - 16 OR 15D - 16 OF THE SECURITIES EXCHANGE ACT OF 1934 30 September 2022 Commission File No. 001-32846 ____________________________ CRH public limited company (Translation of registrant's name into English) Belgard Castle, Clondalkin, Dublin 22, Ireland. (Address of principal executive offices) ____________________________ Indicate by check mark w ...

Interim Results 2022 Key Messages • Good performance … further growth in sales, EBITDA & margin • Efficient & disciplined capital allocation … $3.8bn divestment of Building Envelope business … $2.8bn invested in solutions-focused acquisitions … Interim dividend +4%; share buyback ongoing • Strong & flexible balance sheet • Outlook positive in a challenging cost environment … FY EBITDA expected to be c.$5.5bn … performance underpinned by resilient & integrated solutions strategy * 2021 continuing operations ...

[**Interim Results Overview**](index=1&type=section&id=Interim%20Results%20Overview) CRH reported a strong first-half performance with a **14% increase** in sales and a **21% rise** in EBITDA, achieving margin expansion despite significant cost inflation. The company actively reallocated capital, spending **$2.8 billion** on acquisitions, notably Barrette Outdoor Living, funded by the **$3.8 billion** divestment of its Building Envelope business. Full-year EBITDA is projected to be approximately **$5.5 billion** [**Key Highlights**](index=1&type=section&id=Key%20Highlights) CRH reported a strong first-half performance with a **14% increase** in sales and a **21% rise** in EBITDA, achieving margin expansion despite significant cost inflation. The company actively reallocated capital, spending **$2.8 billion** on acquisitions, notably Barrette Outdoor Living, funded by the **$3.8 billion** divestment of its Building Envelope business. Full-year EBITDA is projected to be approximately **$5.5 billion** H1 2022 Summary Financials | Summary Financials¹ | H1 2022 | Change | | :--- | :--- | :--- | | Sales | $15.0 billion | +14% | | EBITDA | $2.2 billion | +21% | | EBITDA Margin | 14.7% | +90bps | | EPS ($) | $1.21 | +36% | - The company projects full-year EBITDA to be approximately **$5.5 billion**, an increase from **$5.0 billion** in 2021, despite a challenging cost environment[3](index=3&type=chunk) - Year-to-date acquisition spending reached **$2.8 billion**, including the significant purchase of Barrette Outdoor Living[3](index=3&type=chunk) - The company efficiently reallocated capital from the **$3.8 billion** divestment of its Building Envelope business[3](index=3&type=chunk) [**Trading Overview**](index=2&type=section&id=Trading%20Overview) First-half trading was robust, driven by the integrated solutions strategy and strong pricing which countered cost inflation. Group sales reached **$15.0 billion**, a **14% increase** year-over-year (**12% like-for-like**). EBITDA grew **21%** to **$2.2 billion** (**13% like-for-like**), with all divisions maintaining or expanding margins. Profit after tax from continuing operations rose **29%** to **$0.9 billion**, with EPS from continuing operations up **36%** to **$1.21** H1 2022 Group Performance vs H1 2021 | Metric | H1 2022 | H1 2021 | Change | Like-for-Like Change | | :--- | :--- | :--- | :--- | :--- | | Sales | $15.0 billion | $13.2 billion | +14% | +12% | | EBITDA | $2.2 billion | $1.8 billion | +21% | +13% | | Profit After Tax | $0.9 billion | $0.7 billion | +29% | N/A | - Earnings per share from continuing operations increased by **36%** to **$1.21**, up from **$0.89** in H1 2021[8](index=8&type=chunk) - The strong performance was attributed to an integrated solutions strategy and successful commercial initiatives, which more than offset the impact of cost inflation[4](index=4&type=chunk) [**Capital Allocation**](index=2&type=section&id=Capital%20Allocation) The company is increasing shareholder returns through a **4% hike** in the interim dividend to **24.0 cents** per share and an ongoing share buyback program, which repurchased **$0.6 billion** in H1 2022. Capital reallocation is evident with **$2.8 billion** invested in acquisitions year-to-date, including the **$1.9 billion** purchase of Barrette, following the divestment of the Building Envelope business - The Board increased the interim dividend by **4% hike** to **24.0 cents** per share[9](index=9&type=chunk) - The share buyback program continued, with **$0.6 billion** of shares repurchased in H1. A further **$0.3 billion** tranche is planned for completion by September 30, 2022[9](index=9&type=chunk) - The Group invested **$2.8 billion** in acquisitions year-to-date, highlighted by the **$1.9 billion** acquisition of Barrette Outdoor Living, Inc. in July[10](index=10&type=chunk) [**Sustainability**](index=3&type=section&id=Sustainability) CRH has enhanced its commitment to sustainability by setting an industry-leading target to reduce absolute CO2 emissions by **25% by 2030**. This target is certified by the Science Based Targets initiative (SBTi) and aligns with the company's goal of achieving net-zero by 2050. The company continues to innovate and expand its portfolio of sustainable and circular construction solutions - Announced an industry-leading target to reduce absolute CO2 emissions by **25% by 2030**, certified by the SBTi[11](index=11&type=chunk) - The company is aligned with an ambition to be a net-zero business by 2050[11](index=11&type=chunk) [**Trading Outlook**](index=3&type=section&id=Trading%20Outlook) For the remainder of the year, the Americas Materials division is expected to show resilience, and the Building Products division is anticipated to benefit from RMI demand and acquisitions. However, Europe Materials faces challenges from inflation and geopolitical tensions. Assuming normal weather and no major macroeconomic disruptions, the company forecasts full-year EBITDA to be around **$5.5 billion** - Full-year EBITDA is expected to be in the region of **$5.5 billion**, compared to **$5.0 billion** in 2021[12](index=12&type=chunk) - Americas Materials is expected to be supported by resilient demand, while Building Products will benefit from residential RMI and infrastructure demand[12](index=12&type=chunk) - The trading environment in Europe Materials is expected to remain challenged by inflationary pressures, macroeconomic uncertainty, and geopolitical tensions[12](index=12&type=chunk) [**Divisional Performance Review**](index=3&type=section&id=Divisional%20Performance%20Review) [**Americas Materials**](index=3&type=section&id=Americas%20Materials) The Americas Materials division achieved sales of **$5.5 billion** (**+17%**) and EBITDA of **$0.8 billion** (**+12%**) in H1 2022. Strong commercial management and pricing increases successfully offset inflationary input costs and unfavorable weather in some regions. On a like-for-like basis, both sales and EBITDA grew by **12%**. Asphalt and Paving services saw strong volume growth, while Aggregates and Readymixed Concrete volumes declined due to weather Americas Materials H1 2022 Performance ($ million) | Metric | 2021 | Organic | 2022 | % Change | | :--- | :--- | :--- | :--- | :--- | | Sales Revenue | 4,750 | +564 | 5,546 | +17% | | EBITDA | 730 | +90 | 820 | +12% | | Operating Profit | 348 | +97 | 405 | +16% | | EBITDA Margin | 15.4% | | 14.8% | | - Like-for-like sales and EBITDA were both **12% ahead** of H1 2021[14](index=14&type=chunk) - Performance by product line: - **Aggregates:** Volumes down **1%** due to weather, offset by price improvements - **Asphalt:** Volumes up **10%** due to robust demand and acquisitions - **Readymixed Concrete:** Volumes down **6%** due to weather, offset by price increases - **Paving:** Revenues up **29%** supported by strong backlogs - **Cement:** Sales up **15%** on strong US demand[15](index=15&type=chunk)[16](index=16&type=chunk)[17](index=17&type=chunk) [**Building Products**](index=4&type=section&id=Building%20Products) The Building Products division reported a **23% increase** in sales and a **54% surge** in EBITDA, driven by solid RMI activity, commercial progress, and strong contributions from acquisitions. Like-for-like sales grew **11%** and EBITDA by **14%**. The division achieved significant margin expansion through production efficiencies and cost control. The divested Building Envelope business also showed sales growth in the first four months of 2022 before its sale Building Products (Continuing Operations) H1 2022 Performance ($ million) | Metric | 2021 | Organic | 2022 | % Change | | :--- | :--- | :--- | :--- | :--- | | Sales Revenue | 3,259 | +358 | 4,022 | +23% | | EBITDA | 506 | +73 | 781 | +54% | | Operating Profit | 382 | +70 | 636 | +66% | | EBITDA Margin | 15.5% | | 19.4% | | - Like-for-like sales increased by **11% and like-for-like EBITDA by 14%**[20](index=20&type=chunk) - Performance was strong across sub-segments: - **Architectural Products:** Sales ahead due to price increases and good residential RMI demand - **Infrastructure Products:** Strong sales growth driven by utility infrastructure demand and acquisitions - **Construction Accessories:** Sales were ahead in all regions[21](index=21&type=chunk)[22](index=22&type=chunk)[23](index=23&type=chunk) - The divested Building Envelope business delivered sales and EBITDA growth in the first four months of 2022 prior to its divestment in April[24](index=24&type=chunk) [**Europe Materials**](index=4&type=section&id=Europe%20Materials) Despite currency headwinds, the Europe Materials division reported a **5% increase** in sales to **$5.4 billion** and a **4% rise** in EBITDA to **$0.6 billion**. On a like-for-like basis, performance was strong with sales and EBITDA both up **14%**, as robust pricing and cost control offset significant inflation. Performance varied by region, with UK & Ireland and Europe East showing strength, while Europe West operating profit was below prior year. The ongoing conflict negatively impacted activity in Ukraine Europe Materials H1 2022 Performance ($ million) | Metric | 2021 | Organic | 2022 | % Change | | :--- | :--- | :--- | :--- | :--- | | Sales Revenue | 5,158 | +662 | 5,430 | +5% | | EBITDA | 585 | +73 | 609 | +4% | | Operating Profit | 295 | +75 | 344 | +17% | | EBITDA Margin | 11.3% | | 11.2% | | - On a like-for-like basis, sales and EBITDA were both **14% ahead** of H1 2021[26](index=26&type=chunk) - Regional performance highlights: - **UK & Ireland:** Sales well ahead, with strong pricing and demand - **Europe North:** Positive first half with higher sales and operating profit despite energy cost inflation - **Europe West:** Sales ahead, but operating profit was below prior year due to cost inflation - **Europe East:** Strong activity in most markets, though Ukraine was negatively impacted by conflict. Overall operating profit was ahead - **Asia:** Sales and profit in the Philippines were behind 2021[27](index=27&type=chunk)[28](index=28&type=chunk)[29](index=29&type=chunk) [**Financial Review**](index=5&type=section&id=Financial%20Review) [**Other Financial Items**](index=5&type=section&id=Other%20Financial%20Items) Depreciation and amortization charges remained stable at **$0.8 billion**. The divestment of the Building Envelope business generated a significant profit of **$1.5 billion**, classified under discontinued operations. Net finance costs from continuing operations decreased to **$197 million** due to lower debt levels. The effective tax rate for the period was estimated at **22.0%** - The divestment of the Building Envelope business resulted in a profit of **$1.5 billion**, which is included in profit from discontinued operations[33](index=33&type=chunk) - Net finance costs from continuing operations were **$197 million**, down from **$206 million** in H1 2021, primarily due to lower debt levels[34](index=34&type=chunk) - The interim tax charge represents an effective tax rate of **22.0%**[35](index=35&type=chunk) [**Balance Sheet and Liquidity**](index=5&type=section&id=Balance%20Sheet%20and%20Liquidity) As of June 30, 2022, net debt stood at **$4.3 billion**, a **$1.7 billion** reduction from the prior year, mainly because proceeds from the Building Envelope divestment exceeded H1 acquisition spending. The Group maintained a strong liquidity position with **$6.8 billion** in cash, sufficient to cover maturing debt for the next **5.4 years**, and holds a strong BBB+ or equivalent investment-grade credit rating - Net debt was **$4.3 billion** at June 30, 2022, down from **$6.0 billion** at June 30, 2021[37](index=37&type=chunk) - The Group had **$6.8 billion** of cash and sufficient liquidity to meet all maturing debt obligations for the next **5.4 years**[40](index=40&type=chunk) - Maintained a strong investment grade credit rating of BBB+ or equivalent[40](index=40&type=chunk) [**Investments and Divestments**](index=6&type=section&id=Investments%20and%20Divestments) In H1 2022, CRH invested **$0.9 billion** in **14 acquisitions** and realized **$3.6 billion** in proceeds from divestments, dominated by the **$3.5 billion** cash from the Building Envelope sale. Post-period, the Group completed the **$1.9 billion** acquisition of Barrette, a leading provider of residential fencing and railing solutions in North America - Invested **$0.9 billion** in **14 acquisitions** during H1 2022[41](index=41&type=chunk) - Realized **$3.6 billion** from divestments, primarily from the sale of the Building Envelope business for **$3.5 billion** in cash proceeds[41](index=41&type=chunk)[44](index=44&type=chunk) - On July 8, 2022, the Group completed its acquisition of Barrette for an enterprise value of **$1.9 billion**[43](index=43&type=chunk) [**Condensed Interim Financial Statements**](index=6&type=section&id=Condensed%20Interim%20Financial%20Statements) [**Condensed Consolidated Income Statement**](index=6&type=section&id=Condensed%20Consolidated%20Income%20Statement) For the six months ended June 30, 2022, the Group reported total revenue of **$15.0 billion** from continuing operations, up from **$13.2 billion** in the prior year. Group profit for the period from continuing operations was **$938 million**, a significant increase from **$728 million** in H1 2021. Including a substantial profit from discontinued operations (**$1.17 billion**), the total Group profit for the period was **$2.11 billion** H1 2022 Income Statement Highlights ($ million) | Item | H1 2022 | H1 2021 | | :--- | :--- | :--- | | Revenue (Continuing) | 14,998 | 13,167 | | Group Operating Profit (Continuing) | 1,385 | 1,025 | | Profit Before Tax (Continuing) | 1,203 | 929 | | Group Profit (Continuing) | 938 | 728 | | Profit After Tax (Discontinued) | 1,168 | 87 | | **Total Group Profit** | **2,106** | **815** | Earnings Per Share ($) | EPS Type | H1 2022 | H1 2021 | | :--- | :--- | :--- | | Basic EPS (Total) | $2.74 | $1.00 | | Basic EPS (Continuing) | $1.21 | $0.89 | [**Condensed Consolidated Balance Sheet**](index=7&type=section&id=Condensed%20Consolidated%20Balance%20Sheet) As of June 30, 2022, total assets were **$44.8 billion**, relatively stable compared to year-end 2021. Total equity increased to **$21.4 billion** from **$20.9 billion** at year-end 2021. Total liabilities decreased to **$23.4 billion** from **$23.8 billion**, primarily due to a reduction in non-current interest-bearing loans and borrowings Balance Sheet Summary ($ million) | Item | As at June 30, 2022 | As at Dec 31, 2021 | | :--- | :--- | :--- | | Total Non-Current Assets | 28,248 | 30,626 | | Total Current Assets | 16,588 | 14,044 | | **Total Assets** | **44,836** | **44,670** | | **Total Equity** | **21,435** | **20,914** | | Total Non-Current Liabilities | 14,122 | 16,175 | | Total Current Liabilities | 9,279 | 7,581 | | **Total Liabilities** | **23,401** | **23,756** | [**Condensed Consolidated Statement of Cash Flows**](index=10&type=section&id=Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) Net cash inflow from operating activities was **$621 million** for H1 2022, a decrease from **$1.6 billion** in H1 2021, mainly due to a higher investment in working capital. Net cash inflow from investing activities was **$2.1 billion**, driven by **$3.6 billion** in disposal proceeds, which more than offset acquisition and capital expenditures. Financing activities saw a net outflow of **$1.5 billion**, largely from share buybacks and dividend payments. This resulted in a net increase in cash and cash equivalents of **$1.3 billion** Cash Flow Summary H1 2022 vs H1 2021 ($ million) | Cash Flow Activity | H1 2022 | H1 2021 | | :--- | :--- | :--- | | Net cash inflow from operating activities | 621 | 1,565 | | Net cash inflow/(outflow) from investing activities | 2,125 | (519) | | Net cash outflow from financing activities | (1,470) | (2,368) | | **Increase/(decrease) in cash and cash equivalents** | **1,276** | **(1,322)** | - The decrease in operating cash flow was primarily due to an increased investment in working capital, reflecting cost inflation and supply chain management[37](index=37&type=chunk) - Investing activities were significantly positive due to proceeds from disposals of **$3.58 billion**, mainly from the Building Envelope sale[54](index=54&type=chunk) [**Selected Explanatory Notes**](index=11&type=section&id=Selected%20Explanatory%20Notes) [**Note 2: Key Components of Performance for the First Half of 2022**](index=13&type=section&id=Note%202%20Key%20Components%20of%20Performance%20for%20the%20First%20Half%20of%202022) The Group's **29% growth** in pre-tax profit from continuing operations was driven by a **12% organic increase** in sales and a **13% organic rise** in EBITDA. Acquisitions contributed **$808 million** to sales and **$217 million** to EBITDA, while divestments had a minimal impact on revenue but reduced profit on disposals compared to the prior year Analysis of Change in Pre-tax Profit H1 2021 to H1 2022 ($ million) | Component | Sales Revenue | EBITDA | Operating Profit | Pre-tax Profit | | :--- | :--- | :--- | :--- | :--- | | **First half 2021** | **13,167** | **1,821** | **1,025** | **929** | | Exchange effects | (490) | (51) | (25) | (19) | | Acquisitions (2021/2022) | 808 | 217 | 148 | 144 | | Divestments (2021/2022) | (71) | (13) | (10) | (96) | | Organic | 1,584 | 236 | 247 | 245 | | **First half 2022** | **14,998** | **2,210** | **1,385** | **1,203** | | **% Total Change** | **14%** | **21%** | **35%** | **29%** | | **% Organic Change** | **12%** | **13%** | **25%** | **27%** | [**Note 8: Assets Held for Sale and Discontinued Operations**](index=18&type=section&id=Note%208%20Assets%20Held%20for%20Sale%20and%20Discontinued%20Operations) In April 2022, the Group completed the divestment of its Building Envelope business. This transaction resulted in proceeds of **$3.5 billion** and a recognized profit on disposal of **$1.46 billion**. The results of this business are now classified as discontinued operations, which contributed **$1.17 billion** to the Group's profit after tax for H1 2022, including the profit on sale - The divestment of the Building Envelope business was completed in April 2022[93](index=93&type=chunk) Profit on Disposal of Discontinued Operations ($ million) | Item | Amount | | :--- | :--- | | Net assets disposed | 2,066 | | Proceeds from disposal (net of costs) | 3,528 | | **Profit on disposal** | **1,457** | - Profit after tax from discontinued operations for H1 2022 was **$1,168 million**, which includes the profit on disposal[95](index=95&type=chunk) [**Note 10: Net Debt**](index=19&type=section&id=Note%2010%20Net%20Debt) Group net debt decreased to **$4.3 billion** at June 30, 2022, from **$6.3 billion** at the end of 2021. This reduction was primarily driven by strong cash generation and disposal proceeds, which more than offset spending on acquisitions, dividends, and share buybacks. The Group maintains significant liquidity with **$3.7 billion** in undrawn committed bank facilities Net Debt Position ($ million) | Date | Net Debt | | :--- | :--- | | June 30, 2022 | (4,299) | | June 30, 2021 | (6,014) | | Dec 31, 2021 | (6,253) | - The Group has total undrawn committed borrowing facilities of **$3.7 billion** as of June 30, 2022[107](index=107&type=chunk)[108](index=108&type=chunk) - Net debt as a percentage of total equity improved to **20% from 30%** at year-end 2021[110](index=110&type=chunk) [**Note 13: Business Combinations**](index=22&type=section&id=Note%2013%20Business%20Combinations) During H1 2022, CRH completed **14 acquisitions** for a total consideration of **$903 million**, resulting in **$453 million** of goodwill. The largest acquisitions were in the Building Products and Americas Materials segments. Post-period, on July 8, 2022, the Group completed the significantly larger acquisition of Barrette Outdoor Living for an enterprise value of **$1.9 billion** H1 2022 Acquisitions by Segment | Reportable Segment | Number of Acquisitions | Goodwill ($m) | Consideration ($m) | | :--- | :--- | :--- | :--- | | Americas Materials | 5 | 120 | 318 | | Building Products | 2 | 337 | 485 | | Europe Materials | 7 | 37 | 99 | | **Total** | **14** | **494*** | **902*** | - The total consideration for H1 2022 acquisitions was **$903 million**, generating **$453 million** in goodwill[125](index=125&type=chunk) - Subsequent to the period end, the Group completed the acquisition of Barrette Outdoor Living for an enterprise value of **$1.9 billion** on July 8, 2022[129](index=129&type=chunk) [**Supplementary Information**](index=27&type=section&id=Supplementary%20Information) [**Principal Risks and Uncertainties**](index=29&type=section&id=Principal%20Risks%20and%20Uncertainties) The Group identifies its principal risks across strategic, operational, compliance, and financial categories. Key strategic risks include industry cyclicality, portfolio management, and geopolitical instability, such as the conflict in Ukraine. Operational risks are dominated by climate change, health and safety, and cybersecurity. Financial risks include taxation uncertainties, financial instrument volatility, and potential goodwill impairment - **Strategic Risks:** Industry cyclicality, economic conditions, people management, commodity product competition, supply chain continuity, portfolio management, and public policies/geopolitics[163](index=163&type=chunk)[164](index=164&type=chunk)[165](index=165&type=chunk) - **Operational Risks:** Climate change and policy, sustainability (ESG), information technology/cyber security, health and safety, and the ongoing COVID-19 pandemic[170](index=170&type=chunk)[171](index=171&type=chunk)[172](index=172&type=chunk) - **Financial & Reporting Risks:** Taxation charges, financial instrument risks (interest rate, currency, credit), goodwill impairment, and foreign currency translation[176](index=176&type=chunk)[177](index=177&type=chunk)[178](index=178&type=chunk)

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Financial Data and Key Metrics Changes - CRH reported a robust performance with sales up by 12% and profits up by 16% in 2021, with a focus on margin improvement and cash generation [10][8][7] - The company converted 80% of its EBITDA into cash, resulting in a strong balance sheet with net debt at $6.3 billion, or 1.2 times net debt-to-EBITDA [33][31] - A proposed dividend of $0.121 was announced, marking a 5% increase from the previous year [9] Business Line Data and Key Metrics Changes - The Americas Materials business saw sales and EBITDA growth in 2021, with strong backlogs continuing into 2022 [18] - The Building Products division also performed well, achieving profit and margin growth for the ninth consecutive year, driven by the integrated solution strategy [22] - The Europe Materials division reported sales and EBITDA ahead of both 2020 and 2019, indicating recovery and growth post-COVID [28] Market Data and Key Metrics Changes - North America accounts for about 70% of CRH's group EBITDA, with a strong focus on infrastructure and residential markets [12][15] - In Europe, resilient demand was noted in key markets such as France, Germany, the UK, and Ireland, with strong residential spending [23][28] - Central and Eastern European markets, particularly Poland and Romania, benefited from EU stimulus packages, driving demand for residential construction [25] Company Strategy and Development Direction - CRH is focused on repositioning its business to adapt to changing construction demands, emphasizing an integrated solutions model that combines products and services [5][58] - The company aims to maintain a disciplined approach to capital allocation, with a strong pipeline for M&A activity in high-growth markets [34][41] - Sustainability and decarbonization are central to CRH's strategy, with a commitment to reducing CO2 emissions by 25% by 2030 [67][69] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating challenges posed by rising energy costs and geopolitical uncertainties, focusing on cost control and cash management [79][88] - The outlook for 2022 is positive, with strong order books and demand, despite anticipated challenges [79] Other Important Information - CRH divested its Oldcastle BuildingEnvelope division for $3.8 billion, allowing for capital redeployment into core competencies [9][38] - The company has a strong commitment to sustainability, being the largest recycler of building waste in the U.S. and aiming for increased use of recycled materials in construction [71][72] Q&A Session Summary Question: Impact of rising energy costs in 2021 and expectations for 2022 - Energy costs were about 9% to 11% of revenue in 2021, with expectations for a rise towards the higher end in 2022 due to ongoing inflation [90][89] Question: Strategic rationale behind the divestment of the Building Envelope business - The divestment was driven by a lack of M&A opportunities in that space and a focus on core competencies in infrastructure and residential markets [86][84] Question: Intentions for redeploying capital from the Building Envelope divestment - The capital will be redeployed into smaller, fragmented businesses that align with CRH's growth strategy, focusing on creating shareholder value [94][95] Question: Details on achieving the 25% reduction in carbon emissions by 2030 - The reduction will focus on process improvements, innovative materials, and transitioning to less carbon-intensive fuels, with ongoing capital expenditure to support these initiatives [92][93]

Full Year Results 2021 0 2021 Results Agenda Market Overview Financial Performance & Capital Allocation Strategic Positioning 2022 Outlook Full Year Results 2021 1 Key Messages • Another year of record delivery … margins ahead despite inflationary environment • Strong cash generation … significant financial strength & flexibility • Disciplined capital allocation … $2bn invested in acquisitions & expansionary capex … $1.8bn cash returned to shareholders • Agreed $3.8bn divestment of Building Envelope busines ...

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 ____________________________ FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A - 16 OR 15D - 16 OF THE SECURITIES EXCHANGE ACT OF 1934 11 March 2021 Commission File No. 001-32846 ____________________________ CRH public limited company (Translation of registrant's name into English) Belgard Castle, Clondalkin, Dublin 22, Ireland. (Address of principal executive offices) ____________________________ Indicate by check mark wheth ...