Transformational acquisition, record adjusted results and well positioned for when markets improve
15 March 2023
Agenda
Highlights
Financial performance
Construction market outlook
Key strategic initiatives
ESG leadership
Summary and outlook
Questions and answers
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Marshalls plc 2022 Financial Results Review and Outlook
2
TRANSFORMATIONAL ACQUISITION, RECORD ADJUSTED RESULTS AND WELL POSITIONED FOR WHEN MARKETS IMPROVE
Highlights
Record adjusted performance following Marley acquisition
Revenue
Adjusted operating profit
Adjusted PBT
£719.4m
£101.1m
£90.4m
+22%
+31%
+23%
Adjusted basic EPS
Proposed full year
Pre-IFRS 16 net debt
dividend
31.3p
15.6p
£190.8m
+7%
+9%
Note: Results stated after adding back adjusting items totaling £53.2 million; see page 42 for details
Marshalls plc 2022 Financial Results Review and Outlook
3
TRANSFORMATIONAL ACQUISITION, RECORD ADJUSTED RESULTS AND WELL POSITIONED FOR WHEN MARKETS IMPROVE
2022 highlights
Record adjusted financial performance and year of strategic execution
Acquisition of Marley - market leading pitched roofing manufacturer
Record revenues and profit for former CPM and Edenhall businesses, driving a record performance from Marshalls Building Products - brick market share now 6 per cent
10 out of top 12 UK housebuilders used Marshalls' facing bricks
Record adjusted earnings per share, despite weak performance in Marshalls Landscape Products
Dual block plant at St Ives is now being commissioned and manufacturing product - underpins new product development
Marshalls plc 2022 Financial Results Review and Outlook
4
TRANSFORMATIONAL ACQUISITION, RECORD ADJUSTED RESULTS AND WELL POSITIONED FOR WHEN MARKETS IMPROVE
2022 challenges
Significant challenges were navigated during the year
Double digit consumer price inflation
Energy prices rising fed into continuous raw material price inflation
Labour shortages
Interest rate increases and government turmoil depressed consumer confidence
Re-prioritisationof consumer spend - domestic landscaping volumes contracted by around one-third
Reduced exposure to domestic landscaping following recent acquisitions mitigated overall Group impact
Input price inflation recovered through supply chain, but demand was suppressed as a result
Note: 2022 proforma revenue includes Marley for 12 months
Marshalls plc 2022 Financial Results Review and Outlook
5
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Marshalls plc published this content on 15 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 March 2023 09:09:09 UTC.
Marshalls plc is a United Kingdom-based manufacturer of sustainable solutions for the built environment. The Company operates through three segments: Marshalls Landscape Products, Marshalls Building Products and Marley Roofing Products. Marshalls Landscape Products segment comprises the Companyâs public sector and commercial and domestic landscape business, landscape protection and international businesses. Its products include paving, kerb, edgings, walling, and protective street furniture. Marshalls Building Products segment comprises the Companyâs civil and drainage, bricks and masonry, mortar and screeds and aggregate businesses. Its products include drainage and water management solutions, concrete bricks, masonry, mortar, screeds, and aggregates. Its Roofing Products segment comprises the Marley Roofing Products business, offering a comprehensive roofing system. Its products include concrete tiles, clay tiles, timber battens, and roof integrated solar panels.
MARSHALLS PLC 
