Annual Report 2020

Better Buildings for a Better World

The Netherlands Goede Loterijen Building  /  Light & Air Ventria Photography: Janners Linders

Our Impact 2020

Kingspan’s products, sold in 2020, will make a significant positive contribution to the environment over their lifetime.

164m TONNES

164 million tonnes of CO2e will be saved over the life of our insulation systems sold in 2020

15 years

Enough to power a major airline for 15 years

34bn LITRES

Over 34 billion litres of rainwater will be harvested by our tanks produced in 2020

400m

Enough water to fill over 400 million baths

573m

In 2020 alone we upcycled 573 million waste plastic bottles

800 PITCHES

Enough recycled bottles to fill over 800 football pitches

9bn lumens

The capacity to create 9 billion lumens of natural light annually through our daylighting systems

1m

Enough to light up 1 million homes

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Planet Passionate Targets

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IMPACTING GLOBAL MEGATRENDS

Our mission is to accelerate a net zero emissions future built environment with the wellbeing of people and planet at its heart.

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Chief Executive Officer’s Statement

The need for action on climate change is gaining increasing traction with policymakers worldwide.

Kingspan’s proposition and our Planet Passionate programme are aligned fully with this urgent agenda.

GENE M. MURTAGH

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Financial Summary

REVENUE

REVENUE

€4.6bn

-2%

2019: €4.7bn

EBITDA ¹

€596.5m

+3%

2019: €579.8m

TRADING PROFIT ²

€508.2m

+2%

2019: €497.1m

TRADING MARGIN

11.1%

+40bps

2019: 10.7%

PROFIT AFTER TAX

€384.8m

+2%

2019: €377.8m

EPS

206.2c

+1%

2019: 204.6c

1. Earnings before finance costs, income taxes, depreciation, amortisation and the impact of IFRS 16

2 Operating profit before amortisation of intangibles

3 Trading profit divided by total revenue

2020 IN A NUTSHELL

Business Model & Strategy

Our business model and our strategic pillars enable the ongoing conversion to ultra-efficient building envelopes from outdated, inefficient methods of construction.