Titan S.a. · EURONEXT:TITC
Titan — Investor Presentation (February 2026)
30 slides from Titan's investor presentation, February 2026
Slide 1: Corporate Presentation
Corporate Presentation February 2026 Astir Marina Vouliagmenis, 1 Greece OYMPIA ODOS, GREECE
Slide 2: Table of Contents
Table of Contents TITAN Group at a glance Key investment highlights Overview of markets by region 2
Slide 3: TITAN Group at a glance
TITAN Group at a glance ZZ TITAN g p k Zrttan ~~ de a, = —Z TAN \—sincran J a 2 I ‘\, 7 = if sae at ——
Slide 4: TITAN Group at a glance
TITAN Group at a glance More than 120 years with a strong track record of growth and international diversification 1902 1912 1920 1960-1980 1990-2025 2026 Titan Cement Listing on the Started exports Inauguration of cement plants in • Int’l expansion to US, SE Europe, East • Acquisition of Vracs foun
Slide 5: Key investment highlights
Key investment highlights New calciner, Kamari plant, Greece
Slide 6: Key investment highlights
Key investment highlights A strong position in Europe and the USA (East Coast), where more than 90% of our revenue and profitability is generated. Leading market positions in the US, Greece and Southeast Europe Strengthened vertically integrated business model, well-positioned for future growth, for
Slide 7: Geographically diversified cement and building materials producer
Geographically diversified cement and building materials producer As of 31 December 2024 USA Greece & Western Europe Southeastern Europe Eastern Mediterranean Group TOTAL ASSETS: €1,493m TOTAL ASSETS: €891m TOTAL ASSETS: €524m TOTAL ASSETS: €374m TOTAL ASSETS: €3,283m 2 cement plants 5 3 cement plan
Slide 8: Geographic diversification reduces reliance on any one market
Geographic diversification reduces reliance on any one market EBITDA 12Month-Rolling Quarterly Analysis by Region (2010 – 2025Q3) USA Greece & Western Europe South Eastern Europe Eastern Mediterranean 8
Slide 9: Leading market positions in key geographies
Leading market positions in key geographies USA Greece & Western Europe • Significant presence in the East • Plants are near the 3 major cities Coast with 2 integrated cement and ports, facilitating exports plants in Florida & Virginia • Largest operator in aggregates • Key import multi-material mar
Slide 10: Vertically integrated business model, strengthening market positions for maximum value
Vertically integrated business model, strengthening market positions for maximum value Selectively increased vertical integration Key benefits of vertical integration for Titan Group Diversifying our offering in the cement value chain Sales (%) Vertical Integration provides strong competitive 30% ad
Slide 11: Well-invested, low-cost and modern asset base
Well-invested, low-cost and modern asset base More than €5.5bn invested since 2000; €3.7bn in CAPEX & €1.8bn in acquisitions Tarmac America acquisition (2000) Thessaloniki & Pennsuco modernisation (2002-2004) Zlatna, BG acquisition (2004) US Ready Mix acquisition (2007) Construction of new plant in
Slide 12: In 2019-2024 Strong Cash Flow generation despite market volatility
In 2019-2024 Strong Cash Flow generation despite market volatility Sources and Uses of Cash since 2019 in €m 2019-2024 Operating Free Cash Flow 137 (1,036) 2,279 €1,115m (265) (76) (334) (307) (213) (34) 150 EBITDA Non-Cash CapEx Operating Acquisitions Returns to Interest & Tax FX Impact Decrease in
Slide 13: Established Group with a strong shareholder base, experienced management, strong governance
Established Group with a strong shareholder base, international & experienced management, strong governance & a long-term vision Shareholder structure* Strong Corporate Governance: Board of Directors & Committees • Titan Founders, E.D.Y.V.E.M & P&A Canellopoulos Foundation • High standards of corpor
Slide 14: Our Strategic Focus 2025-2029
Our Strategic Focus 2025-2029 Strategic Priorities for Capturing Growth and Sustaining Returns 01. Deliver 02. Expand 03. Invest Superior Growth in Core Business Alternative Cementitious And Scale Up New (Cement and Aggregates) Materials Platform Technologies and Platforms Expand capacity and export
Slide 15: Ambitious GHG emissions targets
Ambitious GHG emissions targets 24% CO2 Reduction Delivered – Accelerating Toward a Net Zero Future Strong Track Record A Whole New Level of Ambition Commitment to Net Zero in CO2 Emission With Science-based Targets for Developing Products and Solutions Reduction Scope 1, 2 & 3 Emissions for a Carbo
Slide 16: Digital transformation
Digital transformation Unique digital capabilities and assets: already delivering tangible benefits Manufacturing Operations Logistics optimization & enhanced customer experience • “Customer 4.0” Productivity & Reliability Factor Improvements o AI-enabled Dynamic Logistics solution for RMC deployed
Slide 17: Overview of markets by region
Overview of markets by region
Slide 18: USA – Business Overview
USA – Business Overview Titan America is well positioned and investing further to capture growth along the East Coast Operating units Sales & EBITDA ($m) 2 Cement plants 7 Commercial Quarries/Clay 1,596 1,641 1,656 40% 1,600 1,377 88 Ready-mix plants 1,164 35% 1,069 22% 23% 30% 8 Concrete block plan
Slide 19: USA
USA Infrastructure & Non-Residential support demand; housing driven by positive demographics U.S. Non-Residential Total Construction Spending ($bn) Highway & Street and Power Construction Spending ($bn) 1,300 180 Highway & Street 1,200 160 Power 1,100 140 1,000 900 120 800 100 700 80 600 500 60 2014
Slide 20: USA: Strategic Growth and Market Highlights
USA Strategic Growth and Market Highlights In 2025, Titan completed a major strategic move with Titan America’s Large Scale Infrastructure & Non- Residential Projects of Titan America listing on the NYSE, raising gross proceeds of $393m. • On 6 February 2025, Titan America, a subsidiary of Titan, an
Slide 21: Greece and Western Europe - Business Overview
Greece and Western Europe - Business Overview Titan’s home market: strong capacity covers the rising local market & serves export markets Operating units Sales & EBITDA (€m) 3 Cement plants 509 1 Grinding plant 500 444 34% 409 29% 13 Commercial Quarries 400 326 24% 34 Ready-mix plants 247 268 16% 19
Slide 22: Greece and Western Europe
Greece and Western Europe Increasing confidence in recovery supported by macro data and strong fiscal response Building activity in Greece Greece: Cement consumption >5m tons/year until 2010 Number of Permits (in k) Surface Volumes (in million m2) 15 35,000 Greece enters Eurozone Rest of Greece 11.6
Slide 23: Southeastern Europe - Business Overview
Southeastern Europe - Business Overview Attractive regional cluster set to benefit from long-term infrastructure needs & EU admission Operating units Sales & EBITDA (€m) 500 422 432 414 53.0% 450 386 5 Cement plants Bosnia- Serbia 400 48.0% 43.0% 7 Ready-Mix Plants Herzegovina 350 271 35% 291 35% 39
Slide 24: SEE Prospects for Growth Lead to Positive Outlook
SEE Prospects for Growth Lead to Positive Outlook Low Volatility Markets with Upside Potential as Urbanization Rises GDP growth % 4.6 4.6 3.9 4.0 3.9 4.0 3.9 3.6 3.4 3.6 3.5 3.4 3.0 3.1 3.2 3.2 2.8 2.8 2.8 2.4 Bulgaria Serbia Albania Kosovo North Macedonia Source: IMF, World Economic Outlook, Octobe
Slide 25: Eastern Mediterranean - Business Overview
Eastern Mediterranean - Business Overview Two large markets (>110m MT of combined cement consumption) Operating units Sales & EBITDA (€m) 2 Cement plants 295 36.2% 256 240 250 253 1 Grinding plant 245 31.2% 26.2% 1 Commercial Quarries 195 173 23% 152 21.2% 8 Ready-mix plants 145 14% 10% 16.2% 7% 8%
Slide 26: Eastern Mediterranean
Eastern Mediterranean Favorable Demographics Generate Economic Growth and Investment Needs Large, young and growing population… (Population in millions) 104 105 107 109 112 85 85 85 86 86 2022 2023 2024 2025f 2026f …combined with recorded and anticipated real GDP growth... (Real GDP % y-o-y) 6.7 5.4
Slide 27: Brazil – Joint Venture 50/50
Brazil – Joint Venture 50/50 Cimento Apodi operates two units in Ceará state Operating units Sales & EBITDA (€m) 245 1 Cement plants (Quixeré) 195 1 Grinding plant (Pecém) 145 116 128 111 107 4 Ready-mix plants 95 71 84 45 20 21 24 30 32 19 -5 Principal products / activities 2020 2021 2022 2023 2024
Slide 28: Financial Performance
Financial Performance For more information on TITAN’s performance, please refer to the analysts’ presentation through the link: Financial Results - 9M 2025 28
Slide 29: Disclaimer
Disclaimer By accessing this presentation, you acknowledge that you have read, understood and accepted the terms of this disclaimer. This presentation (“the Presentation”) has been prepared by Titan SA (the “Company” and together with its subsidiaries, “the Group”) is being provided for informationa
Slide 30: Thank you!
Thank you! We invite you to visit our 2024 Integrated Annual Report https://ir.titanmaterials.com/en/investor-information/integrated-annual-report