Slide 1: Cementos Argos 2Q25
CEMENTOS ARGOS 2Q25
Slide 2: Important Disclaimer
IMPORTANT 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
Slide 3: Cementos Argos - Strategic Milestones in History
Cementos Argos 2025 Corporate Presentation Introduction Cementos Argos - Strategic Milestones in History 1934-2005 1934 - - 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 ven
Slide 4: Argos in the U.S.: a journey of success in figures
Argos in the U.S.: a journey of success in figures In US billions Return 2,109 2.7 TOTAL INVESTMENT 4.3 1.2 2.1 0.4 $3.0b 2.1 904 Investments 3.0 0.9 2.1 Multiple of equity 4.7x contributions 1 Total Investment Debt Equity FCF & Distributions Cash out 1 Cash out 2 Debt Repayment Total Return Debt Eq
Slide 5: Cementos Argos today
CEMENTOS ARGOS today Cementos Argos is an operator of high-performance building materials assets in LATAM, strategically positioned to supply high-growth markets. With financial flexibility and a strong balance sheet, it is well-equipped to seize emerging opportunities. Argos LATAM Operations USD 1.
Slide 6: Why invest in Cementos Argos?
Why invest in Cementos Argos? 1 Firepower to achieve ~$300M in annual EBITDA within 3–5 years. to 2 High-performance LATAM in the materials industry in 3 in high-potential complementary businesses 4 Focus on transferring value to shareholders –
Slide 7: Growth strategy - Rebuilding the U.S. Platform
1 Growth strategy- Rebuilding the U.S. Platform Rebuilding Our U.S. Platform with Strategic Firepower Financial Position and Timing Advantage: Targeting a platform capable of generating ▪ USD 2.9B in cash proceeds from the Summit transaction provides the USD 300M in annual EBITDA within 3–5 firepowe
Slide 8: Solid progress on phase I of the U.S. market reentry
1 Growth strategy: Solid progress on phase I of the U.S. market reentry Cementos Argos secured control of a prime Caribbean aggregates asset, advancing in the consolidation of a platform positioned to serve the Southeastern coastal region Strategic Asset in the Caribbean Long-Term Concession & Capac
Slide 9: High-performance asset operators in LATAM: Colombia
2 High-performance asset operators in LATAM in the building materials industry Colombia 8.5 ✓ Multi-plant interconnected with the country's most efficient logistics network 6 43 1 5 ✓ +9,000 active customers Cement Concrete Sea port Aggregates MTPA Cement ✓ 90% of the national territory covered plan
Slide 10: Central America and the Caribbean
2 High-performance asset operators in LATAM in the materials industry Central America and the Caribbean ✓ Market leaders in Honduras and Panama 1 7 6 10 2 ✓ Recent incursion into Guatemala, interconnected with Cement Grinding Concrete Sea ports Aggregates Honduras plant stations plants plant ✓ Panam
Slide 11: Growth levers in complementary high-potential businesses - innovation
3 Growth levers in complementary high-potential businesses - innovation Calcined clays Digital twins Largest calcined clay plant in the Americas We have solutions at the forefront of the digital revolution. A 450,000 TPA Combining data science + artificial intelligence Clay capacity to optimize oper
Slide 12: Since the Sprint launch, total shareholder return has reached 480% in USD
4 Since the Sprint launch, total shareholder return has reached 480% in USD Grupo Sura Shares MSCI Small Cap Index Sale of Summit's Stake to Spin- Off Inclusion Quikrete 11/07/2025 30/08/2024 25/11/2024 SPRINT SPRINT 2.0 Market Launch 22/02/2024 Share Conversion capitalization 06/05/2024 USD 22/02/2
Slide 13: SPRINT 3.0 - Execution advancing in line with the plan
4 SPRINT 3.0 – Execution advancing in line with the plan Operational and financial results Stock liquidity • EBITDA margin of 22% in 1H25 and an LTM We continue advancing toward inclusion in the ROCE of 14.8%. showing solid execution and MSCI Emerging Markets Standard Index, supported progress towar
Slide 14: Cementos Argos in figures
Cementos Argos in figures LATAM operations by year end 2024 5.29 1.19 COP COP tn tn ✓ Long-term vision of value creation Revenues EBITDA ✓ Focus on profitability in the regions ✓ Greater financial flexibility due to cash recognition COP ✓ Net income Figure not fully comparable to 2023 Bn % ✓ 2023: D
Slide 15: 2Q25 - Second quarter focused on capturing efficiencies across all operations
2Q25 – Second quarter focused on capturing efficiencies across all operations EBITDA Margin % Change Cement Vol. (000´s MT) RMX Vol . (000´s m3) Revenues (COP MM) EBITDA (COP MM) 20.7% 23.0% 21.5% 22.0% -4.4% -5.3% -19.7% -19.5% -4.5% -5.3% +5.8% -2.9% 4,723 4,474 2,656 2,514 1,334 1,073 570 554 2,4
Slide 16: Debt Profile
Debt Profile ▪ Indebtedness ratio closed at 1.9x for the quarter Net Debt / (EBITDA + Dividends received) EBITDA / Financial Expenses due to a slight increase in financial expenses with a stable LTM EBITDA 6.0x 5.9x 5.0x 4.5x 5.9x 4.2x 4.4x 4.6x 4.1x 3.9x 3.8x 3.8x 2.8x 2.2x 2.0x 1.9x ▪ Net debt/EBI
Slide 17: Guidance 2025
Guidance 2025 GOAL 2025 1H2025 EBITDA margin >25% 22% Mid-term guidance: Within the next 2 years ROCE 14-15% 14.8% LTM USD USD CAPEX 70 – 90 m 32.8 m COP COP EBITDA ADJUSTED 1.20 – 1.25 tN 554 bN NET DEBT/ EBITDA 2.0x -7.0x Negative due to the strong cash position from the sale of our Mid-term guida
Slide 18: Sustainability - Decarbonization targets
Sustainability - Decarbonization targets 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
Slide 19: Operations in Colombia and CCA generate EBITDA to replicate U.S. platform
1 2 3 4 Operations in Net Debt / EBITDA 2Q25 • Calcined clays Colombia and CCA • Trading Negative due to the strong cash position from the sale of our stake in Summit generate • Exports Materials • Aggregates In EBITDA per year to replicate the U.S. Peers Platform to achieve ~$300M in annual EBITDA
Slide 20: Investor relations contacts
Carolina Velásquez Carolina.velasquez@argos.com.co Juan Santiago Alba juan.alba@argos.com.co Website https://argos.co/en/ 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 quali