Kingspan Half-Year Report 2022

• Record performance overall in a testing environment, lower order intake in quarter two yet solid quotation pipelines in most key markets
• Insulated Panels sales increase of 39% driven by raw material led price growth and a 63% increase in global sales volume of QuadCoreTM
• Insulation sales strongly ahead by 69%. District heating applications order intake up by 50% year on year with an annualised run rate of c. €500m. Technical insulation now comprising c. 35% of divisional revenue

Strong Balance Sheet

• Net debt to EBITDA 1.25x as at 30 June 2022
• Additional facilities of €800 million arranged in the period
• Total available liquidity as at 30 June 2022 of €1.74 billion
• Weighted average maturity of Long Term Private Placement notes of 5.8 years at a fixed coupon of 1.74%