Investment case

Asset-backed model
The foundations of our asset-backed model are one billion tonnes of mineral reserves and resources and two well-invested cement plants.

Vertically-integrated
Our vertically-integrated operating model offers margin-enhancing routes to market by pulling through our cement and aggregates in the production of ready-mixed concrete and asphalt, and the provision of surfacing solutions.

Structural growth
We supply attractive end-markets, such as infrastructure and housebuilding, which benefit from long-term structural growth trends.

Self-help culture
Our self-help culture of continuous improvement supports margin enhancement and drives returns in excess of our cost of capital.

Disciplined capital allocation
Our disciplined capital allocation drives returns, delivers strong Free Cash Flow generation, enables multiple routes to growth, and facilitates the payment of a progressive dividend.

An outstanding track record of sustainable growth
Since our first full year of trading as Breedon, we have undertaken over 20 acquisitions while simultaneously pursuing organic growth.

In this time, our growth has outpaced our markets, we have successfully converted profits to cash and rapidly reduced gearing.

_{From 17 May 2023 Breedon Group plc (reg no 14739556) was admitted to the main market of the London Stock Exchange.}