Slide 1: Results for the six months ended 30 September 2025
RESULTS FOR THE six months ENDED 30 SEPTEMBER 2025
Slide 2: Agenda
AGENDA 01 introduction Matias Cardarelli | CEO 02 Group financial review Brenda Berlin | CFO 03 Business review Matias Cardarelli | CEO 04 Looking ahead Matias Cardarelli | CEO 05 Questions and answers 2
Slide 3: Introduction
INTRODUCTION MATIAS CARDARELLI | CEO
Slide 4: Profitable growth continues
profitable growth continues 1 ahead of plan 2 quality earnings 3 More to come 4 Results for the six months ended 30 September 2025
Slide 5: Best-in-sector results
What differentiates ppc in its markets 01 Quality of revenue Leading and sustainable margins 02 optimised footprint for production and distribution Best-in- Allowing enhanced contribution margin planning 03 Continued capital investment in already strong asset base sector results SK9 and RK3 are newe
Slide 6: The giant is on the move
The giant is on the move Continued momentum for six months to 30 September 2025 EBITDA Dividends from EBITDA FCF ROIC margin Zimbabwe 24% 2.6pp 32% $20m 13.4% 01 02 03 04 05 Sound growth across all key metrics 6 R e s u l t s f o r t h e s i x m o n t h s e n d e d 3 0 S e p t e m b e r 26 0 2 5
Slide 7: Group financial review
Group financial review BRENDA BERLIN | CFO
Slide 8: Consolidated group key features
Consolidated group | key features For the SIX MONTHS ended 30 SEPTEMBER 2025 EBITDA Adjusted Free Revenue capex2 roic margin HEPS1 cash flow3 ▲ 6.2% to ▲ 2.6% pts ▲ 32% to R225 million ▲ 32% to ▲ 13.4% R5 382 million to 18.3% 29 cents (H1 FY25: R661 million (HY25: 7.1%) R186 million) 1. Adjusted for
Slide 9: Context for results
Context for results 01 02 03 04 05 06 Rk3 Extended Total of Unrealised Strong sa construction Net debt to planned US$20 million Foreign performance required a ebitda of 0.1x, shutdown of in dividends exchange with ebitda R317 million well below ppc Zimbabwe declared by losses of growth of 36% advanc
Slide 10: Consolidated Group income statement
consolidated Group | income statement DRIVEN BY a strong SOUTH African performance H1 FY26 H1 FY25 KEY DRIVERS (Rm) 30-Sep 30-Sep Change Revenue 5 382 5 067 6.2% • Trading profit increase driven by continued cost efficiencies EBITDA 983 796 23.5% • Cost of sales increased by 4.3% versus revenue incr
Slide 11: Consolidated Group contribution
consolidated Group | contribution Increased sa & Botswana contribution TO EBITDA CONTRIBUTION TO GROUP REVENUE H1 Fy26 CONTRIBUTION TO GROUP EBITDA h1 FY26 30% 45% 35% H1 FY26: H1 FY26: R5 382m 51% R983M 49% H1 FY25: H1 FY25: R5 067m R796m 55% 65% 70% SA & Bots group Zimbabwe SA & Bots group Zimbabw
Slide 12: SA & Botswana group contribution
Sa & botswana group | contribution Strong sa cement performance (Rm) H1 FY26 H1 FY25 Change SA & Botswana cement 30-Sep 30-Sep Revenue 3 743 3 705 1.0% • Strong growth in Q2 following weather disruptions in Q1, combined with continued focus on contribution margin and cost efficiencies ensured SA & B
Slide 13: SA & Botswana group cash flow
Sa & botswana GROUP | CASH FLOW core business – strong cash generation CONTINUES 700 11 (136) 600 500 (115) 400 (88) 300 584 (351) 200 256 211 (274) 100 R’millions 0 1 2 3 4 5 7 8 9 0 1 1 2 1 -100 (19) (17) (193) -200 Core business -300 Operating cashflow Working Tax Capex Other Net cash RK3 capex a
Slide 14: Zimbabwe
Zimbabwe Strong demand with improved profitability in q2 H1 FY26 H1 FY25 Key features 30-Sep 30-Sep Change • Strong increase in sales due to high demand Continuing operations US$m US$m Revenue 106 85 24.7% • Q2 FY26 margins restored after Q1 FY26 margins negatively impacted by the need for an additi
Slide 15: Consolidated group capital allocation and returns
Consolidated group | capital allocation and returns ROIC returns significantly improved Capex spend per type roic 1 370 H1 FY26 H1 FY25 Group 13.4% 7.1% 920 • Remains a key focus area • Will be negatively impacted in short-term until RK3 comes into production • Calculation consistent ⇢ NOPAT/(averag
Slide 16: Business review
BUSINESS REVIEW MATIAS CARDARELLI | CEO
Slide 17: Awaken the giant strategy delivers…
Awaken the giant strategy delivers… 01 02 New way New of running the culture business To differentiate ourselves AND unlock both the operational and financial potential of the group 17 Results for the six months ended 30 September 2025
Slide 18: Context for strong operational performance
Context for strong operational performance Trajectory remains positive Group results driven by Strong 01 Operations Sa cement performance and supply Commercial chain Zimbabwe margin 02 recovery in q2 Less is Cost more mindset Group Ebitda margin reached 18% Differentiated quarters, Consistent progre
Slide 19: SA & Botswana cement key features
SA & Botswana cement | key features CEMENT revenue gaining momentum with sound growth in q2 Revenue EBITDA EBITDA MARGIN ▲ 2,4% to R3 249 million ▲ 30.5% to R569 million ▲ 3.8 pp to 17.5% Sa Cement Sa cement1 Volumes excluding clinker sales +2 Cash Cost per ton -5 • Q1 FY26 impacted by the heavy rai
Slide 20: SA Materials key features
SA MATERIALS | key features Results down to due ash Revenue EBITDA ▼ 7.1% to R494 million ▼ R14 million (H1 FY25: R28 million) readymix ash aggregates • Year-on-year volumes ▼ 8% • Year-on-year volumes ▼ 42% • Year-on-year volumes ▲ 11% • Q1 FY26 impacted by weather conditions • Sales lost mainly du
Slide 21: Zimbabwe key features
Zimbabwe | key features Cash generation at record levels, and growing Revenue EBITDA Ebitda margin ▲ 24.7%% to $106 million ▲ 13.6% to $25 million ▼ 2.3 pp to 23.6% EBITDA AND EBITDA MARGIN recovery in Q2 following kiln maintenance shutdown Cement volumes Cash Cost per ton +25 +2 • Strong market dem
Slide 22: Outlook
outlook MATIAS CARDARELLI | CEO
Slide 23: FY26 guidance
FY26 guidance Awaken the Giant SA EBITDA to Zimbabwe expected Key projects go live momentum continue to grow in to beat previous and further continues H2 FY26 compared year record EBITDA development on to strong H2 FY25 with additional other strategic dividends in H2 initiatives FY26 01 02 03 04 23
Slide 24: Looking beyond the turnaround
Looking beyond the turnaround Technology Solar projects New plant opportunities Sa - Slurry Sa - Dwaalboom Zim – Colleen bawn project RK3 Calcined Clay 24 Results for the six months ended 30 September 2025
Slide 25: Creating a track record of delivery
Creating a track record of delivery Consolidate improvements in FY26-Fy27 ahead of next step change in FY28 FY 29-30F FY 28F FY Sustainable Growth and 26-27F Value FY Step FY 25A change o f pl an h e ad Incremental with rk3 24 improvements a Rebuild Awaken the Giant Foundations + Plan fast track Sus
Slide 26: PPC is stronger and more competitive, with more to come
Ppc is stronger and more competitive, With more to come.. 26 Results for the six months ended 30 September 2025
Slide 27: Questions & answers
Questions & answers