Slide 1: Corporate Presentation
CORPOR PRESEN
Slide 2: Forward-looking statements disclaimer
This presentation contains certain forward- looking statements and information relating to CEMENTOS ARGOS S.A. and its subsidiaries (collectively “ARGOS”) that are based on knowledge of present facts, expectations and projections, circumstances and assumptions about future events. Many factors could
Slide 3: Company history and milestones
Cementos Argos 2024 Corporate Presentation - 8 cement plants were founded in Colombia - In the 1970s, cement exports to the United States began. - Consolidated presence in the Caribbean and Central America through joint ventures, exports and trading. - Acquisition of ready-mix and cement assets in t
Slide 4: We are in Colombia, Central America and the Caribbean
Cementos Argos 2024 Corporate Presentation We are in Colombia, Central America and the Caribbean. We are the with a 31% stake in the company. Value-generating businesses leveraged on 4
Slide 5: Company at a glance: market cap, revenues, EBITDA
Cementos Argos 2024 Corporate Presentation Cementos Argos is a company with exposure to the U.S. building materials industry through its 31% stake in Summit Materials and is an operator of high-performance building materials assets in LATAM, positioned to supply high-growth markets. 7,800 mm USD Mar
Slide 6: Investment highlights
Cementos Argos 2024 Corporate Presentation 1 materials market construction 2 High-performance in LATAM in the materials industry 3 in high- potential complementary businesses 4 for future growth 6 5 Focus on transferring value to shareholders -
Slide 7: 31% stake in Summit Materials and the U.S. market
Why invest in Cementos Argos? 1 , through its 31% stake in Summit Materials, captures the opportunities of the world's most attractive building materials market in an optimal Infrastructure Investment Investments of U$1.2 tn for and far-reaching way. and Jobs Act (IIJA) transportation and infrastruc
Slide 8: Colombia operations
Why invest in Cementos Argos? 2 ✓ Multi-planta interconnected with the country's most efficient logistics network 6 40 1 5 8.5 ✓ +9,000 active customers Cement Concrete Sea port Aggregates MTPA Cement ✓ 90% of the national territory covered plants plants plants Capacity ✓ +7,000 direct hardware stor
Slide 9: Caribbean and Central America operations
Why invest in Cementos Argos? 2 ✓ Market leaders in Honduras and Panama 1 7 6 10 1 ✓ Recent incursion into Guatemala, interconnected with Cement Grinding Concrete Sea ports Aggregates Honduras plant stations plants plant ✓ Panama maritime terminal for exports and imports República Honduras Panamá Do
Slide 10: Calcined clay plant and digital solutions
Why invest in Cementos Argos? 3 Largest calcined clay plant in the We have solutions at the forefront of the Americas digital revolution. A 450,000 TPA Combining data science + artificial intelligence to optimize operational performance B Up to -50% C ~30% of Saved during Estimated D -20% 2023 savin
Slide 11: Net debt and levers of growth
Why invest in Cementos Argos? 4 Deuda Neta / (EBITDA + Dividendos) 4.6x 4.5x 4.2x 4.1x Growth in core business 3.9x 3.8x 3.8x 3.5x lines. 3.7x 2.8x 3.2x 2.9x 2.6x stake 1.9x 2.0x Levers of growth and 1Q24 2015 2010 2011 2012 2013 2014 2016 2017 2018 2019 2020 2021 2022 2023 entrepreneurship: Portfol
Slide 12: SPRINT milestones and market capitalization
Why invest in Cementos Argos? 5 Approval of share conversion 06/05/2024 MARKET CAPITALIZATION 22/02/2023 22/02/2023 Start of buy-back program 27/09/2023 The achievement of all SPRINT 07/09/2023 program MARKET CAPITALIZATION milestones resulted in an increase in market capitalization of 150%. MARKET
Slide 13: SPRINT 2.0 pillars and targets
Why invest in Cementos Argos? Focus on strong Increase dividend ~ COP 250 billion Listing our US Improve the Convert common results with a payments to share-buy-back business in the NYSE liquidity of our non-voting shares to PILLARS special emphasis in shareholders program common stock common shares
Slide 14: Progress on each SPRINT 2.0 pillar
Why invest in Cementos Argos? Share conversion rate of 99.8% Argos US + Summit integration on schedule; synergies ahead of schedule We continue to deliver positive results to the EBITDA margin that is 21 basis points above the guidance, and 238 basis points above last year’s market as we advance eac
Slide 15: Argos USA net investment return
Cementos Argos 2024 Corporate Presentation With our vision and commitment to long-term value creation, we executed a disciplined growth strategy in the United States. As a result, the combination with Summit Materials allows us to transition to a new business model to manage our presence in the Unit
Slide 16: Financial results
Cementos Argos 2024 Corporate Presentation USD USD mn mn ✓ Long-term vision of value creation. REVENUE* EBITDA* ✓ Focus on profitability in the regions. 9.7% y/y 4.8% y/y ✓ Greater financial flexibility due to cash recognition. USD ✓ Net income strengthened by: mn % ✓ Equity method 31% in Summit Net
Slide 17: 1Q24 highlights
Cementos Argos 2024 Corporate Presentation 1Q24 HIGHLIGHTS QUARTER YTD Volumes - Adjusted COP 1.3 Tn 291 Bn 2023.Q1 2024.Q1 Var 2023.Q1 2024.Q1 Var COP Cement 000 TM 2,424 2,111 -12.9% 2,424 2,111 -12.9% 3 RMC 000 M 692 648 -6.4% 692 648 -6.4% REVENUE EBITDA QUARTER YTD Key Figures - Adjusted -9.3%
Slide 18: 2024 guidance
Cementos Argos 2024 Corporate Presentation % % % USD mm COP COP Tn USD USD 262 – 273 mn +5.0% YoY 18 *Guidance measured versus proforma figures excluding the US operations.
Slide 19: Sustainability: decarbonization path
Sustainability Decarbonization path (kgCO2/t cementitious material) To reduce direct CO2 emissions by 29%, with respect to 2006 levels; and to reduce indirect 635 2030 CO2 emissions from electricity purchases by 578 23%, with respect to 2021 levels*. Remaining emissions 523 *Applies only to the ceme
Slide 20: Portfolio value and net debt
1 2 3 4 Operations in Net Debt 1Q14 % of stake in • Calcined clays Colombia and CCA • Trading Net Debt / EBITDA 1Q24 Summit Materials generate • Exports valued at • Aggregates 5 In EBITDA per year Peers EV / EBITDA average USA / Latam Stock portfolio SURA Group
Slide 21: Investor relations contacts
Indira Díaz indira.diaz@argos.com.co Susana Gaviria susana.gaviria@argos.com.co Página web Inversionistas ir.argos.co This recognition, called Reconocimiento Emisores – IR is given by the Colombian Stock Exchange, Bolsa de Valores de Colombia S.A. It is not a recognition that certifies the quality o