Annual Report

1 Annual Report &. Financial Statements 2020. BETTER. BUILDINGS. FOR A BETTER Renovation Circularity Changing Lifestyle Carbon in Construction Key to unlocking Kingspan's Next generation solutions It is vital to reduce carbon WORLD energy efficiency LIFEC ycle approach for next generation industry at all stages of construction Our Impact 164m tonnes 164 million tonnes of IN 2020 CO2e will be saved over the life of our insulation systems sold in 2020. ULTRA. ENERGY- 15 years EFFICIENT Enough to power a major airline for 15 years 1. 573m CIRCULAR In 2020 alone MATERIALS we upcycled 573.

2 Million waste Our Front Cover features the Goede Doelen Loterijen plastic bottles Building in Amsterdam. A defining element of the design is a canopy of aluminium leaves resting on tree shaped columns. Not visible behind the 800. leaves is the glass roof of Kingspan Light &. Air, designed to allow natural daylight into the building and to cast shadows imitating the canopy of the forest. The atrium incorporates Kingspan's Enough recycled Ventria ventlight to naturally ventilate the bottles to fill over building. A beautiful example of a building which 800 football pitches both emulates and harnesses the power of nature.

3 Photography: Janners Linders OUR PRODUCTS. DIRECTLY ENABLE LOW. 34bn litres Over 34 billion litres of rainwater will be CARBON AND HEALTHY. harvested by our tanks produced in 20202 BUILDINGS NOW AND. CONSERVED. WATER 400m INTO THE FUTURE. Enough water to fill over 400. million baths 9bn lumens The capacity NATURAL to create 9. DAYLIGHT &. billion lumens VENTILATION. of natural light annually through our daylighting systems 1m Enough to light up 1 million homes3. 1 Assumes 60 year product life; based on an EU airline disclosure of tonnes The Netherlands Goede of CO2e emissions in 2019.

4 Loterijen Building / 2 Assumes a 20 year product life Light & Air Ventria / 3 Assumes 10 x 60W bulbs Photography Janners Linders per home 1. WE ARE Through Planet Passionate we will reduce carbon and energy in both our manufacturing processes and PLANET products, and continue our relentless pursuit of low-carbon buildings that deliver more performance and value, PASSIONATE with clear targets to strive for by 2030. GENE M. MURTAGH. 2020 2025 2030. OUR COMMITMENTS. ENERGY Maintain our Net Zero Energy status . Increase our direct use of renewable energy to 60% by 2030.

5 Increase our on-site generation of renewable energy to 20% - - . by 2030. Install solar PV systems on all wholly owned facilities by 2030 - - . CARBON Net zero carbon manufacturing by 2030 - - . 50% reduction in product CO2e intensity from our primary - - . supply partners by 2030. 100% zero emission company funded cars by 2025 - . CIRCULARITY Zero company waste to landfill by 2030 - - . 1 billion PET bottles upcycled into our manufacturing processes - . by 2025. QuadCore products utilising upcycled PET - READ MORE. ONLINE ABOUT. WATER 100 million litres of rainwater harvested by 2030 - - PLANET.

6 5 active ocean clean-up projects by 2025 - PASSIONATE. BETTER. BUILDINGS. Business & Strategic Report Chairman's Statement 10 FOR A BETTER. Business Model & Strategy 12. 6. WORLD. Chief Executive's Review 18. Financial Review 28. Risk & Risk Management 38 RENOVATION. Sustainability Report 42. Directors' Report The Board 60. Chairman's Introduction 62. 34. Report of the Nomination CIRCULARITY. & Governance Committee 64. Report of the Remuneration Committee 72. Report of the Audit &. Our mission is to accelerate Compliance Committee 84 a net zero emissions future Report of the Directors 94.

7 Built environment with Financial Statements the wellbeing of people Independent Auditor's Report 104. Financial Statements 112. and planet at its heart. Notes to the Financial Statements 119. Other Information Alternative Performance Measures 158 56 90. Shareholder Information 161 CHANGING CARBON IN. Principal Subsidiary Undertakings 163 LIFESTYLES CONSTRUCTION. Group 5 Year Summary 168. 3. Summary 2. Financials REVENUE. EBITDA1. -2% +3%. 2019: 2019: 2 2. TRADING PROFIT2 TRADING MARGIN3. +2% +40bps 2019: 2019: USA HALL Arts Hotel, Dallas / Insulated Panels Dri-Design 2 2.

8 Painted Aluminum PROFIT AFTER TAX EPS. +2% +1%. 1 Earnings before finance costs, income taxes, depreciation, 2019: 2019: amortisation and the impact of IFRS 16. 2 Operating profit before amortisation of intangibles 3 Trading profit divided by total revenue Kingspan Group plc Annual Report & Financial Statements 2020 4. Our Global Reach 3. 3. 3. 2. 2. 2. BETTER. BUILDINGS, 7 2 15 11 63 5 5. 36. 11 4. 11 10 3 3 2 GLOBALLY. 2 2. 8 2. 2 9. 2 2 READ MORE ONLINE. 2. ABOUT OUR GLOBAL. STRATEGIC PILLAR. 2. 2. KINGSPAN LOCATIONS. 2. 4. Sales Manufacturing 2. 2 2. 2. Americas Uruguay Czech Republic Latvia Serbia Africa Asia Australasia Brazil USA Denmark Lithuania Slovakia Egypt China Australia Canada Estonia Netherlands Slovenia Morocco India New Zealand Chile Europe Finland N.

9 Ireland Spain Indonesia Colombia Austria France Norway Sweden Middle East Singapore Costa Rica Azerbaijan Germany Poland Switzerland Qatar Thailand Mexico Belgium Hungary Portugal UK Saudi Arabia Vietnam Panama Bosnia Ireland Romania Turkey Peru Croatia Kazakhstan Russia UAE. Our Global Reach 5. MEGATRENDS READ OUR. RENOVATION INTERACTIVE. STORY ONLINE. RENOVATION. IS KEY TO. UNLOCKING. EFFICIENCY. The energy consumption of the building stock is a leading contributor to carbon emissions and therefore, global warming. Deep energy renovation is a vital weapon in the fight against climate change.

10 France Office Refurbishment, Rennes / Insulated Panels JI. Ponant M & W. Kingspan Group plc Annual Report & Financial Statements 2020 6. THERE WILL BE NO WELL BELOW 2 C'. LIMIT ON THE INCREASE IN THE AVERAGE. TEMPERATURE OF THE PLANET WITHOUT. MASSIVE RENOVATION OF EXISTING BUILDINGS. 75%. Green renovation measures are widely recognised to be amongst the most cost-effective options taking THE. to achieve emission reductions. EU AS AN. However, the pace of renovation in all countries concerned is insufficient, staying well behind EXAMPLE 75% of buildings in the EU are energy potential.