Gcc Sab De Cv · BMV:GCC
Gcc Sab De Cv — Grupo Cementos De Chihuah — Q2 2026 Earnings Presentation
26 slides from Gcc Sab De Cv's earnings presentation, Jul 29, 2026
Slide 1: Q2 2026 Earnings Conference Call
Q2 2026 EARNINGS CONFERENCE CALL ENRIQUE ESCALANTE, CEO MAIK STRECKER, CFO JULY 29, 2026
Slide 2: Safe Harbor Statement
This presentation has been prepared by GCC, S.A.B. de C.V. (together with other results to be materially different from the results expressed or its subsidiaries, “GCC”). Nothing within this presentation is intended to be implied by said projections. taken by any person as investment advice, a recom
Slide 3: Highlights
HIGHLIGHTS Higher U.S. cement and concrete volumes Strong top- and bottom-line growth Continued improvement in Mexico Repositioned volumes toward the strongest areas of demand, while continuing to serve customers reliably 3
Slide 4: People
PEOPLE Advanced the ExGCCs program • Starting up the kiln in Odessa • Deep technical preparation Former employees • Close coordination across plants return to work • 8,400+ hours of training on technical skills Transfer decades of operational knowledge 4
Slide 5: Planet
Flexible fuel strategy Blended cements • Fuel costs within expectations PLANET 79% • Investing in natural gas pipeline of total cement volumes infrastructure • Broadening access to lower-cost fuel • Strengthening supply reliability • Improving our long-term cost position Natural gas and alternative
Slide 6: U.S. Overview
U.S. OVERVIEW • Strong volume growth • Broad project activity 74% of sales • Contribution from the cement terminals in TX and AZ • Strong performance of existing concrete operations • Contribution from the ready-mix acquisition in Q1 Q2 26 vs. Q2 25 H1 26 vs. H1 25 • Concrete volumes grew 15% exclud
Slide 7: U.S. Overview
U.S. OVERVIEW Infrastructure a main source of demand Renewable energy an important contributor • Paving works across our footprint • Completed a wind farm project • Interstate highway projects in Texas • Expect to begin 3 projects in Q3 • Next U.S. surface transportation authorization Data center-re
Slide 8: U.S. Overview
U.S. OVERVIEW Oil and gas activity improved • Oil prices moved into a more constructive range • Oil-well cement support our U.S. volumes • Shipments from the new line will expand our ability to serve the segment Residential activity continues constrained • Persistently high mortgage rates • No meani
Slide 9: Commercial standpoint
Commercial standpoint • U.S. pricing remained challenging U.S. • Product, project, and geographic mix effects OVERVIEW • Competitive environment broadened • Our geographic position provides a structural advantage • Disciplined commercial approach 9
Slide 10: Mexico Overview
MEXICO OVERVIEW 26% • Self-construction, residential, and infrastructure activity of sales • Housing remained a constructive part of the market • Private activity stayed healthy • Federal housing initiative in its planning phase • Infrastructure provided important momentum • Highest level of activit
Slide 11: Capital Allocation
CAPITAL ALLOCATION 1.1 million US$91 million tons invested in of incremental acquisitions capacity to date Odessa expansion Total investment expected at • Started up the new kiln in June US$700 million • Moving production line into ramp-up • Secured a higher-capacity kiln 1.6 million ~US$11 tons mil
Slide 12: New terminal in Abilene, TX
New terminal in Abilene, TX • Extending our logistics reach across West TX • Complements our aggregates platform • Improves our position in a relevant market for data center development Acquired aggregates and concrete operations • Amarillo and Midland-Odessa regions • Broaden our presence in attrac
Slide 13: Since 2024
2026 Since 2024 ~US$91 million ~US$225 million Reinforce our ability to serve invested in acquisitions invested in acquisitions Build scale in customers aggregates ~US$11 million ~US$25 million in EBITDA contribution of EBITDA contribution 13
Slide 14: Financial Results
FINANCIAL RESULTS MAIK STRECKER, CFO
Slide 15: Consolidated Net Sales
CONSOLIDATED NET SALES +16.9% Q2 26 vs. Q2 25 H1 26 vs. H1 25 714 Volumes Prices* Volumes Prices* 610 +15% 209 Cement 170 418 United States 10.8% -3.2% 10.7% -3.0% 364 108 Mexico 6.2% 0.2% 9.3% -0.3% 92 505 Concrete 440 272 310 United States 28.7% 5.7% 25.6% 11.5% Mexico -0.5% 5.2% 2.5% 5.5% Q2 25 Q
Slide 16: Cost of Sales
COST OF SALES % of sales Reflecting: 66.7% 67.2% 67.7% 68.3% • Higher production costs + 50 BPS + 60 BPS • Inclusion of operations acquired in Q1 • Higher transfer freight • Additional cement shipments to support demand in the Odessa ramp-up 487 413 • Shipments serving our newer terminals 281 243 Q2
Slide 17: SG&A EBITDA
SG&A EBITDA % of sales EBITDA margin 8.3% 8.2% 9.5% 9.2% 32.5% 31.8% 31.4% 30.8% - 1 BPS - 30 BPS - 70 BPS - 60 BPS +14.7% +12.3% 66 58 220 192 34 133 30 118 Q2 25 Q2 26 H1 25 H1 26 Q2 25 Q2 26 H1 25 H1 26 (US$ Million) (US$ Million) 17
Slide 18: Free Cash Flow
FREE CASH FLOW 42.8% Conversion rate US$ million (2) (28) (13) (9) 133 (24) 57 EBITDA Interest expense Working capital Taxes Accruals Maintenance Free cash flow Q2 26 increase and others CapEx Q2 26 18
Slide 19: Net Leverage Ratio
US$34M strategic capital expenditures NET LEVERAGE RATIO Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 US$43M dividends and share buybacks -0.37x -0.48x -0.47x -0.55x -0.71x US$813M cash and equivalents 19
Slide 20: Revised Guidance
United States Consolidated Volumes EBITDA growth Mid-single digit increase Cement High-single digit increase FCF Conversion Rate > 60% 2026 Prices Concrete Low-single digit increase Total CapEx US$270M REVISED Cement Low-single digit decrease Strategic & growth US$200M GUIDANCE Concrete Flat Mainten
Slide 21: Our priorities
Our priorities Ramp-up Odessa Integrate the Maintain service and begin acquisitions through the customer completed network transition shipments during H1 21
Slide 22: Questions
QUESTIONS CONTACT: Maik Strecker, Chief Financial and Planning Officer mstrecker@gcc.com WWW.GCC.COM Sahory Ogushi, Head of Investor Relations soguship@gcc.com +52 (614) 442 3176 + 1 (303) 739 5943 2 2
Slide 23: Appendix
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Slide 24: Income Statement
INCOME STATEMENT US$ million Q2 26 Q2 25 Var H1 26 H1 25 Var Net sales 418.4 363.9 15.0% 713.8 610.4 16.9% Cost of sales 281.1 242.9 15.8% 487.3 413.3 17.9% SG&A 34.5 30.0 14.8% 65.7 58.2 12.9% Other expenses, net 1.0 1.9 -44.5% 2.2 3.4 -34.5% Operating income 101.8 89.2 14.1% 158.6 135.6 17.0% Oper
Slide 25: Balance Sheet
BALANCE SHEET June 2026 June 2025 Variation Total assets 3,685.1 3,298.5 11.7% Current assets 1,259.5 1,216.1 3.6% Cash and equivalents 812.5 826.9 -1.7% Other current assets 447.0 389.3 14.8% Non-current assets 2,425.6 2,082.4 16.5% Plant, property, and equipment 1,899.6 1,633.4 16.3% Goodwill and
Slide 26: Free Cash Flow
FREE CASH FLOW US$ million Q2 26 Q2 25 Var H1 26 H1 25 Var EBITDA 132.9 118.4 12.3% 220.0 191.9 14.7% Interest income (expense) (2.5) 2.4 n.m. 5.1 14.9 -66.1% Decrease (increase) in working capital (27.7) (32.9) -16.0% (74.5) (50.2) 48.3% Taxes (12.8) (21.4) -40.2% (39.3) (33.0) 19.1% Prepaid expens
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