Cementos Argos Sa · BVC:CEMARGOS
Cementos Argos Sa — Q2 2025 Earnings Presentation
27 slides from Cementos Argos Sa's earnings presentation, Aug 13, 2025
Slide 1: Cementos Argos 2Q25 Results
Cementos Argos Click to edit Master title style 2Q25 Results 08/13/2025
Slide 2: Presenters
Click to edit Master title style Juan Esteban Calle Felipe Aristizabal Maria Isabel Echeverri CEO CFO VP of Legal Affairs Gustavo Uribe Carlos Yusty Leader of Central America VP of the Colombia Division
Slide 3: Disclaimer
Disclaimer Click to edit Master title This document contains forward-looking statements and information related to Cementos Argosstyle S.A. and its subsidiaries (together referred to as “Argos”) that are based on the knowledge of current facts, expectations and projections, circumstances and assumpt
Slide 4: Key Milestones – 2Q25
Key Milestones – 2Q25 A B C Portfolio Succesful Spin-Off Relevant progress in Global indexes execution U.S. market reentry recognition Finalized the spin-off of the Acquired a key aggregates Reaffirmed in the FTSE4Good Grupo Sura stake, unlocking asset in the Caribbean and Index for strong ESG COP 1
Slide 5: Key Milestones – Spin Off
A. On the 11th of July, we completed Grupo Sura’s portfolio spin-off Trillion of additional value was unlocked Pesos per share, in addition to COP 385 per Consolidated dividend yield together with for our shareholders share received from Grupo Sura already approved dividends for 2025 March 21st Apri
Slide 6: Solid progress on phase I of the U.S. market reentry strategy
B. Solid progress on phase I of the U.S. market reentry strategy 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 & Capacity Int
Slide 7: Reaffirmed in the FTSE4Good Index for our outstanding ESG practices
C. Reaffirmed in the FTSE4Good Index for our outstanding ESG practices. Key benefits of being part of the FTSE4Good Index Global ESG Recognition: Highlights the company’s leadership in meeting internationally recognized sustainability benchmarks Cementos Argos strengthens its position as a global gr
Slide 8: 1 Sprint
Slide 9: Since the Sprint launch, total shareholder return has reached 480% in USD
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 22/02/202
Slide 10: SPRINT 3.0 – Execution advancing in line with the plan
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 toward
Slide 11: 2 Consolidated Results
Slide 12: 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 2,49
Slide 13: 3 Colombia Region
Slide 14: 2Q25 – Colombia
2Q25 – Colombia EBITDA Margin % Change Cement Vol. (000´s MT) RMX Vol. (000´s m3) Revenues (COP MM) EBITDA (COP MM) 22.6% 24.9% 24.5% 25.5% -8.3% -10.9% -18.3% -17.0% -7.1% -9.5% +2.7% -6.0% 2,658 1,486 1,215 1,345 2,369 1,009 1,339 1,228 634 365 343 518 744 691 168 172 2Q YTD 2Q YTD 2Q YTD 2Q YTD 2
Slide 15: Argos
o ARGOS
Slide 16: 2Q25 - Caribbean and Central America
2Q25 - Caribbean and Central America EBITDA Margin % Change Cement Vol. (000´s MT) RMX Vol. (000´s m3) Revenues (USD M) EBITDA (USD M) 25.1% 26.9% 24.4% 24.0% +0.1% +1.9% -36.5% -45.9% -6.3% -5.6% +0.5% -7.0% 2,065 2,105 118 294 278 1,150 1,152 72 67 64 52 150 141 33 38 38 2Q YTD 2Q YTD 2Q YTD 2Q YT
Slide 17: Argos
ARGOS
Slide 18: 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 19: a) aa? (4 <
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Slide 20: 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 21: Appendix
o ARGOS APPENDIX
Slide 22: Detailed adjusted figures
Detailed adjusted figures Consolidated: Central America & Caribbean: Key Figures - Adjusted QUARTER YTD COP billion 2024.Q2 2025.Q2 Var 2024.Q2 2025.Q2 Var Key Figures - Adjusted QUARTER YTD Revenue 1,344 1,283 -4.5% 2,656 2,514 -5.3% USD million 2024.Q2 2025.Q2 Var 2024.Q2 2025.Q2 Var Ebitda 279 29
Slide 23: IFRS results per regional / other businesses
IFRS results per regional / other businesses Revenue EBITDA COP billion 2024.Q2 2025.Q2 Var 2024.Q2 Mgn (%) 2025.Q2 Mgn (%) Var pbs Colombia 744 691 -7.1% ActualTotalCOPColombiaEBITDA with IFRS16 168 22.6% 172 24.9% 238 CCA 588 590 0.3% 134 22.8% 106 17.9% -491 Central America 269 246 -8.4% ActualTo
Slide 24: Reconciliation figures
QUARTER YTD Reconciliation figures Consolidated 2024.Q2 2025.Q2 2024.Q2 2025.Q2 Cement Volume TON 2,292 2,192 4,403 4,188 Third party traded volumes TON 197 189 320 286 Cement Volume - Adjusted TON 2,490 2,380 4,723 4,474 • Net income in 2Q2025 was adjusted to Consolidated 2024.Q2 QUARTER 2025.Q2 20
Slide 25: Income statement in USD thousands
Income statement in USD thousands YTD June 25 YTD June 24 Var.% Income from operations 599,355 677,235 -11.5 Variable costs (442,258) (508,076) -13.0 Cost of sales (397,920) (460,817) -13.6 Depreciation and amortization (44,338) (47,260) -6.2 Gross profit 157,097 169,159 -7.1 Gross margin 26.2% 25.0
Slide 26: 2Q25 Consolidated Cash flow
2Q25 Consolidated Cash flow COP – Billion Notes and Reconciliations vs Accounting 4 5 6 11,681 method 1,065 11,611 11,299 -760 10,546 1 Gain on sale from the divestment of the 31% stake in -754 Summit Materials net of transaction fees and other adjustments, along with other non-recurring non- cash i
Slide 27: Contact
Carolina Velásquez carolina.velasquez@argos.com.co Juan Santiago Alba juan.alba@argos.com.co IR Website https://argos.co/en/ir/ 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