UNBOUNCE - EXAMPLE PAGE-REPORT-ENTERPRISE DOCUMENT-KINGSPAN - Flipbook - Page 110
The Business &
Strategic Report
contained in this
Annual Report
sets out the “four
pillars” of Kingspan’s
strategy which drive
conversion from
traditional methods of
construction to ultraperformance building
envelopes, these are:
INNOVATION
Kingspan’s innovation agenda is driven across four key themes performance, solutions, sustainability, and digitalisation.
PLANET PASSIONATE
Our Planet Passionate agenda is inextricably linked with innovation. Planet
Passionate is Kingspan’s 10-year sustainability programme which aims to
impact three big global issues – climate change, circularity and protection
of our natural world.
COMPLETING THE ENVELOPE
Our strategy of ‘completing the envelope’ aims to take our innovation and
sustainability DNA and apply them to a wider portfolio of products which
are complementary to our current offering.
GLOBAL
Kingspan is a truly global business, operating in over 70 countries with 198
manufacturing sites across the globe.
Throughout 2021, Kingspan made
significant progress in pursuit of
this strategy with the result that
Kingspan has continued to deliver
year on year growth. This strategy
will remain the focus of the execution
of Kingspan’s strategic plan for the
foreseeable future.
Principal Risks And Uncertainties
The principal risks and uncertainties
facing the Group, and the actions
taken by Kingspan to mitigate
them are detailed in the Risk & Risk
Management Report contained in this
Annual Report. The principal risks are:
g Health & Safety;
g Laws and regulations.
Key Performance Indicators
The directors are pleased to report on
the very positive performance during
2021 against its key performance
indicators. A detailed commentary
incorporating key performance
indicators is contained within the
Financial Review and in the
Sustainability Report contained in
this Annual Report. A number of the
key performance indicators have
been included in more detail on
page 175 ‘Alternative Performance
Measures’. The key performance
indicators for Kingspan upon which
particular emphasis is placed are
listed below:
Financial
Basic EPS growth
305.6 cent (2020: 206.6 cent)
See page 44
Sales growth
€6.5bn (2020: €4.6bn)
See page 44
Trading margin
11.6% (2020: 11.1%)
See page 44
Free cash flow
€127.1m (2020: €479.7m)
See page 44
g Product failure;
Return on capital employed
19.5% (2020: 18.4%)
See page 44
g Failure to innovate;
Net debt/EBITDA
0.88x (2020: 0.40x)
See page 44
Net Zero Energy
100% (2020: 100%)
See page 61
Health & safety
(lost time injury)
1.2 per 100k hours (2020: 1.2)
See page 64
g Fraud & cybercrime;
Gender balance
20% female (2020: 19% female) See page 64
g Acquisition and integration of
new businesses;
Net Promotor Score
Group NPS 45 (2020: 44)
See page 84
Planet Passionate Goals
12 Targets (2020: 12 Targets)
See page 34
g Volatility in the macro
environment;
g Climate change;
g Business interruption (including
IT continuity);
g Credit risks and credit control;
g Employee development & retention;
106 - 107
Non-Financial
