Amrize Ltd · NYSE:AMRZ
Amrize — Q1 2026 Earnings Presentation
21 slides from Amrize's earnings presentation, Apr 30, 2026
Slide 1: Q1 2026 Earnings Presentation
Q1 2026 EARNINGS PRESENTATION Jan Jenisch, Chairman and CEO Baris Oran, CFO April 30, 2026
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT FORWARD-LOOKING STATEMENTS AND NON-GAAP FINANCIAL MEASURES Certain statements in this presentation may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act, such as statements regarding expected cost savings, future financi
Slide 3: Q1 2026 Highlights
Q1 2026 HIGHLIGHTS Jan Jenisch, Chairman and CEO Winthrop Center, Boston, MA 3 Amrize inside
Slide 4: Revenues Grow +4.7% on Accelerating Customer Demand
Q1 2026 HIGHLIGHTS REVENUES GROW +4.7% ON ACCELERATING CUSTOMER DEMAND Building Materials Investing for Growth $1,500M $170M PB Materials $272M Revenues Adjusted EBITDA1 Acquisition closed Feb 18 Q1 Capex +12.9% vs. Q1 2025 +41.7% vs. Q1 2025 Positively contributed to Q1 On track for $900M in 2026 B
Slide 5: Market Trends
MARKET TRENDS STRONG PIPELINE OF CUSTOMER PROJECT STARTS IN 2026 Commercial Infrastructure Residential 51% Revenues1 28% Revenues1 21% Revenues1 Q1 2026 Q1 2026 Q1 2026 • Accelerating demand led by data centers and • Continued demand from state and federal funding • New construction continues to be
Slide 6: Partner of Choice for Professional Builders
PARTNER OF CHOICE FOR PROFESSIONAL BUILDERS STRONG PIPELINE OF CUSTOMER PROJECT STARTS IN 2026 Dam Expansion, Colorado River Ground Stabilization, New York Amazon Distribution Facility, New York Key supplier of building materials Key supplier of building materials Key supplier of building materials
Slide 7: ASPIRE Program on Track
ASPIRE PROGRAM ON TRACK DRIVING VALUE THROUGH SCALE AND FOCUS Progress to Date: Accelerating ✓ Onboarded 650+ new logistics and service providers to optimize third-party spend Synergies and ✓ 400+ projects underway across raw materials, services, logistics and Partnerships for equipment ✓ Target 70b
Slide 8: Capital Allocation
CAPITAL ALLOCATION INVESTING FOR GROWTH AND RETURNING CASH TO SHAREHOLDERS Executing Growth Projects • Invested $272M in Capex during Q1; on track for $900M of Capex in 2026 • Advancing key organic growth projects: Midlothian cement plant in Texas, Exshaw cement plant in Alberta, St. Constant cement
Slide 9: Q1 2026 Results
Q1 2026 RESULTS Baris Oran, CFO Logistics center, Toronto, ON 9 Amrize inside
Slide 10: Building Materials Q1 2026 Results
BUILDING MATERIALS Q1 2026 RESULTS MOMENTUM CONTINUES WITH STRONG MARGIN EXPANSION Revenues Adjusted EBITDA1 +12.9% +41.7% • Revenues grew 12.9%; volume growth reflecting accelerating customer demand with new project starts and mega-projects • Cement2 volumes up 13.9% and pricing down 2.4%; a large
Slide 11: Building Envelope Q1 2026 Results
BUILDING ENVELOPE Q1 2026 RESULTS SOFT ROOFING DEMAND; PRICING ACTIONS TAKEN IN Q2 Revenues Adjusted EBITDA1 -9.8% -37.1% • Revenues down 9.8% on soft industry volumes and pricing • Commercial repair and refurbishment demand resilient while new construction remained soft in Q1 • Residential roofing
Slide 12: Balance Sheet
BALANCE SHEET FLEXIBILITY TO INVEST FOR GROWTH & RETURN CASH TO SHAREHOLDERS Balance Sheet as of March 31, 2026 Interest Expense, Net $1.1B $4.3B Cash & Cash Equivalents Total Available Liquidity1 6.4 years 5.1% Weighted Average Debt Weighted Average Interest Rate Maturity $120M $118M Baa1 BBB+ $70M
Slide 13: 2026 Guidance
2026 GUIDANCE KEY DRIVERS END-MARKETS OUTLOOK Commercial Infrastructure Residential ✓ Project pipeline continues to convert ✓ Federal, state and local-level projects ✓ Seasonal trends expected to support expected to continue weather-related repair & refurbishment ✓ New project starts in data centers
Slide 14: Reaffirming 2026 Guidance
REAFFIRMING 2026 GUIDANCE Revenues $12.29B - 12.52B +4% to +6% Adjusted $3.25B - $3.34B EBITDA +8% to +11% 14 The Company provides forward-looking guidance regarding Adjusted EBITDA. The Company cannot, without unreasonable effort, forecast certain items required to develop meaningful comparable GAA
Slide 15: Appendix
APPENDIX 15 One World Trade Center, New York, NY Amrize inside
Slide 16: Reconciliation of Adjusted EBITDA and Adjusted EBITDA Margin
RECONCILIATION OF ADJUSTED EBITDA AND ADJUSTED EBITDA MARGIN (1) Acquisition and integration-related costs are those incurred for business combinations, including advisory, legal, valuation, and other professional fees. Certain warranty charges related to a pre-acquisition manufacturing issue are al
Slide 17: Supplementary Data – Financial Results
SUPPLEMENTARY DATA – FINANCIAL RESULTS Amrize Ltd Totals may not sum due to rounding. ($ in millions, except per share data) (1) Segment revenues for Building Materials are presented net of interproduct revenues between our Cement and Aggregates and other construction materials product lines. Q1 202
Slide 18: Supplementary Data – Adjusted Diluted Loss per Share Reconciliation
SUPPLEMENTARY DATA – ADJUSTED DILUTED LOSS PER SHARE RECONCILIATION Amrize Ltd ($ per share) Q1 2026 Q1 2025 Diluted loss per share $ (0.21) $ (0.16) (1) Acquisition and integration-related costs 0.03 0.01 (2) Restructuring and other costs 0.01 - Spin-off and separation-related costs (3) 0.01 0.01 A
Slide 19: Supplementary Data – Historical Volumes
SUPPLEMENTARY DATA – HISTORICAL VOLUMES Amrize Ltd Building Materials Segment - Volumes in millions Q1 2025 Q1 2024 % Change in millions FY 2025 FY 2024 % Change Cement - tons sold (1) 3.6 4.0 (10.0%) Cement - tons sold (1) 22.4 22.6 (0.9%) Aggregates - tons sold (2) 15.6 17.7 (11.9%) Aggregates - t
Slide 20: Supplementary Data – Historical Pricing
SUPPLEMENTARY DATA – HISTORICAL PRICING Amrize Ltd Building Materials Segment - Average Selling Prices Constant % Change Constant Constant % Change Constant $ per ton Q1 2025 Q1 2024 % Change Currency(3) Currency $ per ton FY 2025 FY 2024 % Change Currency(3) Currency Cement - price per ton (1) $171
Slide 21: © 2026 Amrize. All rights reserved.
© 2026 Amrize. All rights reserved.