Slide 1: Introduction to Breedon Group plc Spring 2025
BBS introduction to Breedon Group ple Spring 2025 4 BREEDON MAKING A MATERIAL DIFFERENCE
Slide 2: Making a material difference
Introduction to Breedon Group ple Spring 2025 Making a.material difference Breedon’s Vision To be a leading, vertically-integrated, international construction materials group Breedon’s Purpose To make a material difference to the lives of our colleagues, customers and communities Breedon’s Values To
Slide 3: Our business at a glance
Introduction to Breedon Group ple Spring 2025 Our business i 2t backed Strong local market positions 1.5 bn tonnes >350 sites Reserves and resources! Aggregates Ready-mixed concrete — >100 >200 quarries plants Asphalt 1. Includes the acquisition of Lionmark March 2025,
Slide 4: Supplying attractive end-markets
Introduction to Breedon Group ple Spring 2025 Supplying attractive end-markets Long-term structural growth trends in infrastructure and housing Clear need to invest in the built environment: = Significant housing shortfall across all geographies = Requiring more than three years to resolve at curren
Slide 5: Breedon pro-forma 2024
Introduction to Breedon Group ple Spring 2025 Breedon pro-forma 2024 Sales mix Geography Division Product! mUK 70% @ Great Britain 53% MInfrastructure c.50% @ Aggregates 30% @Rol 1% Bi lreland 12% m Residential c.20% m™ Cement 20% mUS 19% gUS 19% @ Industrial c.30% l™ Ready-mixed 30% Cement 16% & co
Slide 6: Investment case
BA introduction to Breedon Group ple Spring 2025 Investment case An outstanding track record of sustainable growth Breedon Six bolt-on Lagan Cemex Nine bolt-on | BMC transactions UK assets | transactions Revenue CAGR? 19% £1,576m ee = £17m Underlying EBITDA’ CAGR 24% 10% Underlying EBITDA margin exp
Slide 7: Evolving our strategy: Breedon 3.0
Introduction to Breedon Group ple Spring 2025 Evolving.our strategy: Breedon 3.0 Virtuous circle of enhancement People “ Sustainability _/ Finance EXPAND | Breedon is a consolidator and M&A is at the heart of our strategy IMPROVE Replenishing minerals, unlocking efficiencies, driving innovation
Slide 8: 2030 sustainability targets
Introduction to Breedon Group ple Spring 2025 2030 Targets sustainability progress 23% reduction in absolute gross scope 1 and 2 greenhouse gas emissions, and scope 3 emissions from purchased clinker and cement by 2030 £500 million cumulative social value to be generated through our activities 50% o
Slide 9: Our capital allocation model
Introduction to Breedon Group ple Spring 2025 Our capital allocation model Investment as a differentiator through the cycle AA Wa A Maximise value through Investment opportunities Strategic objectives Excess capital capital deployment Thoughtful capital deployment Bolt-on Platform Transformational —
Slide 10: Our evolving financial framework
Introduction to Breedon Group ple Spring 2025 Our evolving financial framework Financial metrics aligned to our strategy Growth Revenue P Outperforms our market Profitability EBITDA margin > 17.5% - 20.5% EBIT margin P 12% - 15% Cash flow! FCF generation » >45% FCF generation Financial discipline Le
Slide 11: : Mites ea we
: Mites ea we _ introduction to Breedon Group ple Spring 2025 ae eae
Slide 12: Q1 2025 benefitting from US acquisitions
PA introduction to Breedon Group ple Spring 2025 aT Q1 2025 benefitting from Us acquisitions Supplying local products to local businesses H ighlig hts Reported revenues +9%; benefitting from contributions from BMC and Lionmark Like-for-like’ revenue increased fractionally; volumes improved slightly,
Slide 13: 2024 financial highlights
Introduction to Breedon Group ple Spring 2025 2024 financial highlights Balanced financial performance Revenue £1,576m 3) £1,488m Free Cash Flow £114.1m 3} £94.8m Notes: Underlying results are stated before acquistion-related expenses, property gains or losses, redundaney and reorganisation costs, a
Slide 14: Revenue and EBITDA bridges
Introduction to Breedon Group ple Spring 2025 13 Revenue and EBITDA bridges Sequential improvement in cement and ready-mixed concrete volumes Revenue bridge £m EBITDA bridge £m +6% +11% 1,488 | 23 | (94) | 159 | 1,576 242 23 (3) | (20) 28 270 2023 Sales Volume M&A 2024 EBITDA 2023 Sales Cost Volume
Slide 15: Further year of cash generation
Introduction to Breedon Group ple Spring 2025 14 Further year of cash generation +£114.1m Free Cash Flow before major capital projects 269.9 (16.6) 4.6 (17.6) — 24.0. ° ¢ ) (102.2) (23.4) (169.9) 48.7 (271.6) | | (356.6) (48.3) (6.2) (405.3) Opening Underving | Working capital Interest Tax Other ope
Slide 16: Financial discipline
Financial discipline Covenant Leverage 1x - 2x Outperform our markets Achieved Achieved Profitability Underlying EBITDA margin 17.5% - 20.5% Underlying EBIT margin 12% - 15% Improving cee oe Returns ROIC >10% Dividend Payout ratio 40% Cash flow FCF conversion >45% Improving Achieved
Slide 17: Positioned for profitable growth
& introduction to Breedon Group ple Spring 2025 t » Positioned for profitable arowth SURE Se: Confident 2024 shoullferesent a floor in cotati dg materials activity . ; 5 s bs se} BO ay \ q { a : N ti = Structural long-term drivers = Strategic optionality Significant housing and infrastructure Active
Slide 18: Breedon in the US: BMC and beyond
Slide 19: Building a third platform
Introduction to Breedon Group ple Spring 2025 18 Building.a third platform Replicating the Breedon model Confidence in replicating the Breedon model In Se SA wy A benign local culture
Slide 20: M&A strategic priority: US scale-up
Introduction to Breedon Group ple Spring 2025 priority; US scale-up M&A strategic US construction materials markets; high relative growth, highly fragmented High relative growth Highly fragmented US Construction starts US [6.3% Top 10 Rest of market Europe Total construction output Active markets =
Slide 21: BMC at a glance
Introduction to Breedon Group ple Spring 2025 BMC at.aglan Breedon’s platform for growth in the US Sales mix Markets @ Residential Non-residential ®& Non-building zi Revenue ™@ Ready-mix concrete Aggregates © Building products 50% 25% 25% 76% 12% 12% ce. A leading Missouri producer — Kn Product mix
Slide 22: Lionmark at a glance
Introduction to Breedon Group ple Spring 2025 Lionmark at a glance Significant operations in Missouri, Texas and Arkansas Multi-state surfacing operations Supported by Sales volumes m tonnes p.a. Reserves & Resources Quarries oS clOOmr 8 07 Asphalt Plants Bitumen terminal 4 1 Aggregates | Asphalt Ms
Slide 23: The Midwest opportunity
Slide 24: Target markets: Aggregates production
Introduction to Breedon Group ple Spring 2025 Target markets: Aggregates production >2 GDP comparable Midwest 408m short tons GB Nebraska |Kansas Southillinois 19m Kentucky 7m Missouri |Arkansas 100m Great Britain UK $3.5trn 178m short tons 1. Midwest GDP includes Illinois state y 23
Slide 25: Rising Midwest materials consumption
BB introduction to Breedon Group ple Spring 2025 24 Rising Midwest materials consumption Returning to pre-global financial crisis levels Midwest average aggregates consumption p.a. Short tons 430- 450m 450m 408m 385m 382m o 2000-07 2008-10 2011-22 2023 2024-28F Asphalt ton N/A 46m* 45m 52m. 59m RMC
Slide 26: Attractive infrastructure end markets
Introduction to Breedon Group ple Spring 2025 25 Attractive infrastructure end markets Structural tailwinds supporting investment Missouri has 6th largest road network in the US MoDOT construction project Midwest Infrastructure | . . spend forecast (2022-29F) market growth = 213,000 miles of highway
Slide 27: Significant Midwest consolidation opportunity
BB introduction to Breedon Group ple 26 st consolidation opportunity dwe Significant Mi Highly fragmented markets Materials producer landscape 408mt 339 plants 58m cu yd ii Small ‘ independents FE. pase cquisitions ; Rapid integration Material company p| a 9 * Strong management Bolt-on acquisition (
Slide 28: * % s | i
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Slide 29: 2024 divisional EBITDA contributions
Introduction to Breedon Group ple Spring 2025 28 2024 divisional EBITDA contributions Expansion in Underlying EBITDA margin Great Britain Ireland United States Cement Group £997.4m £233.4m £132.5m £309.2m £1,576.3m g 2024 2024 2024 (S765) & 8 2023 $ é 2022 2021 2020 2020 2020 4 £131.9m £41.5m £24.8m
Slide 30: Our track record: financial KPIs
Introduction to Breedon Group ple Spring 2025 29 Our track record Financial KPIs Revenue Underlying EBITDA Margin Underlying EBIT Margin £million % 1,576.3 171 11.0 Adjusted Underlying Basic EPS pence 2020 2020 161 2020 8.2 2020 15.9 Dividend per share Covenant Leverage Return on Invested Capital Fr
Slide 31: Our track record: non-financial KPIs
Introduction to Breedon Group ple Spring 2025 Our track record Non-financial KPIs Combined LTIFR per million hours worked 3.3 Combined TIFR per million hours worked 17.7 Reserves and resources billion tonnes 1.4 30 Emissions intensity - Revenue kgCO,e per £ revenue 1.0 2024 (ss! 2024 ZZ. 2024 2024 (
Slide 32: 2025 technical guidance
Introduction to Breedon Group ple Spring 2025 2025 technical guidance Lionmark Guidance Consolidated for 10 months of 2025 Transaction & integration costs c.US$10m (non-underlying) Year one additional operating costs US$Im - US$2m US tax rate 25% Shares issued 2.1m, Group Guidance Income statement D
Slide 33: Acquisition of BMC
Introduction to Breedon Group ple Spring 2025 Acquisition of BMC Meeting Breedon’s transaction returns criteria Transaction Highlights -Enterprise Value - $300m =Cash Consideration - $285m ~Share Consideration - $15m (held for at least 1 year) =Customary adjustments and retentions Key metrics - Valu
Slide 34: Acquisition of Lionmark
@ 'ntroduction to Breedon Group ple Spring 2025 Acquisition of Lionmark Earnings enhancing transaction to scale and diversify our US business Leading regional construction Sera Gls materials and surfacing business Revenue % Headquartered in St Louis, Missouri Strong track record of organic growth BM
Slide 35: Breedon's strategic footprint
Introduction to Breedon Group ple Spring 2025 Breedon’s strategic footprint Building out our scalable US platform. Bolt-on transactions to extend our footprint in GB and Ireland oa 34
Slide 36: Long-term committed borrowing facilities
Introduction to Breedon Group ple Spring 2025 35 Long-term committed borrowing facilities RCF upsized to £400m and maturity extended; additional USPP issued post year end Debt finance positioned to support Long term debt funding with low cost USPPs at Category future growth c.2% to c.4% interest pro
Slide 37: Disciplined cost management
Introduction to Breedon Group ple Spring 2025 36 Disciplined cost management Flexible cost base supported by forward hedging programme 35% Materials & other direct costs 10% Energy, fuels and carbon = Includes imported cement, bitumen, ~ Energy and carbon costs principally subcontractor and direct m
Slide 38: MPA volumes
Introduction to Breedon Group ple Spring 2025 MPA volumes MPA Aggregates volumes (million tonnes) MPA Asphalt volumes (million tonnes) MPA Ready- mixed concrete volumes (million m3) Note: Percentages sh (40)% 170 150 130 no 90 TP 10% 2005 2006 2007 2008 2009 2010 201 2012 2013 2014 «2015 «2016 «6201
Slide 39: Aggregates pricing outpaces inflation
Introduction to Breedon Group ple Spring 2025 Aggregates pricing outpaces inflation Asset base and local model provide a natural inflation hedge Aggregates markets supply GB - million tonnes 300 200 100 ie) 2000 2004 2008 2012 2016 2020 2024 Source: MPA, Aggregates markets outpace inflation UK - ind
Slide 40: Market consensus
Introduction to Breedon Group ple Spring 2025 Market consensus Company compiled as at 5 June 2025 39 2025 2026 Value Range Value Range Revenue £1,81lm £1,747m - £1,862m £1,915m = £1,837m - £1,997m Underlying EBITDA £309m £305m- £316m £333m £316m - £343m Underlying EBIT £200m = £194m - £206m £221m £2
Slide 41: Forward looking statement
Introduction to Breedon Group ple Spring 2025 Forward looking statement The information contained in this presentation document (the “presentation”, which term includes any information provided verbally in connection with this presentation document) does not constitute an offer or solicitation to ho