Slide 1: Q2 2026 Earnings Presentation
Q2 2026 EARNINGS PRESENTATION Jan Jenisch, Chairman and CEO Baris Oran, CFO August 7, 2026
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT FORWARD-LOOKING STATEMENTS AND NON-GAAP FINANCIAL MEASURES Certain statements in this presentation may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act, such as statements regarding expected cost savings, future financi
Slide 3: Q2 2026 Highlights
Q2 2026 HIGHLIGHTS Jan Jenisch, Chairman and CEO Winthrop Center, Boston, MA 3 Amrize inside
Slide 4: Revenue Up 8.6% with Strong Organic Growth of 6.7%
Q2 2026 HIGHLIGHTS REVENUE UP 8.6% WITH STRONG ORGANIC GROWTH OF 6.7% Amrize $3,494M $476M $986M $0.86 $0.88 Revenues Net Income Adjusted EBITDA2 Diluted EPS Adjusted Diluted EPS2 +8.6% vs. Q2 20251 +14.4% vs. Q2 20251 +5.8% vs. Q2 20251,3 +14.7% vs. Q2 20251 +8.6% vs. Q2 20251 Building Materials In
Slide 5: Market Trends
MARKET TRENDS STRONG ORDER BACKLOG AND ACTIVE QUOTING OF NEW CUSTOMER PROJECTS Commercial Infrastructure Residential 51% Revenues1 28% Revenues1 21% Revenues1 Q2 2026 Q2 2026 Q2 2026 • Continued growth in projects across data centers, • Continued demand from state and federal funding • New construct
Slide 6: Partner of Choice for Professional Builders
PARTNER OF CHOICE FOR PROFESSIONAL BUILDERS STRONG PIPELINE OF CUSTOMER PROJECTS CONTINUES New Data Center, Texas Semiconductor Manufacturing Facility, Arizona New Data Center, Illinois Advanced roofing systems with Elevate Key supplier of building materials Key supplier of building materials DATA A
Slide 7: ASPIRE Program on Track
ASPIRE PROGRAM ON TRACK $29M IN SAVINGS DELIVERED IN Q2 ✓ $29 million in savings delivered in Q2 2026 Accelerating ✓ Projects underway across raw materials, services, logistics and equipment with 650+ suppliers onboarded in 2026 Synergies and ✓ Q2 success stories include optimized vendor mix for raw
Slide 8: Investing for Growth
INVESTING FOR GROWTH $241M CAPEX IN Q2 TO FURTHER STRENGTHEN POSITION IN ATTRACTIVE MARKETS Ste. Genevieve Cement Plant St. Constant Cement Plant Midlothian Cement Plant Missouri Quebec Texas Completed Broke Ground in Q2 2026 Project Underway 660K ton of additional production 300K tons of additional
Slide 9: Acquired Rapid Redi-Mix in July 2026
INVESTING FOR GROWTH ACQUIRED RAPID REDI-MIX IN JULY 2026 Focused on Strengthening Footprint Rapid Redi-Mix in High-Growth Markets • Fast growing concrete producer in the Dallas-Fort Worth metro area, acquired on July 31, 2026; expected to be EPS accretive in 2026 Denver/Colorado Springs Metro • Mod
Slide 10: Returning Cash to Shareholders
RETURNING CASH TO SHAREHOLDERS $502M RETURNED TO SHAREHOLDERS IN Q2 2026 Shares Repurchased Dividends Paid Second Quarterly in Q2 20261 in Q2 20262,3 Dividend3 $197M $305M $0.11/share ✓ Launched $1.0B share repurchase ✓ $244M for special one-time ✓ Board declared Q2 2026 dividend program in May 2026
Slide 11: Q2 2026 Results
Q2 2026 RESULTS Baris Oran, CFO Logistics center, Toronto, ON 11 Amrize inside
Slide 12: Amrize Q2 2026 Revenue Bridge
AMRIZE Q2 2026 REVENUE BRIDGE STRONG ORGANIC GROWTH DRIVEN BY LEADING MARKET POSITIONS +8.6% $6M • Revenues grew 8.6% with strong organic growth of 6.7% driven $54M by strong customer demand and pricing $16M Includes: Building Materials +$36M • Above-market volume growth across cement, aggregates an
Slide 13: Amrize Q2 2026 EBITDA Bridge
AMRIZE Q2 2026 EBITDA BRIDGE STRONG VOLUMES & PRICING OFFSET BY OIL PRICE DRIVEN COST INFLATION +5.8% $16M Includes: Building Materials +$36M Building Envelope ($20M) ($75M) ($17M) $12M $89M $29M Primarily oil price driven cost inflation impacting freight, $986M diesel and raw $974M $974M materials
Slide 14: Building Materials Q2 2026 Results
BUILDING MATERIALS Q2 2026 RESULTS LEADING CEMENT AND AGGREGATES VOLUME GROWTH AND STRONG PRICING Revenues1 Adjusted EBITDA1,2 +8.2% +5.2% • Revenues grew 8.2% with organic growth of 5.6% • Cement3 volumes up 5.0%; Supplementary Cementitious Materials volumes were up double digits; cement pricing do
Slide 15: Building Envelope Q2 2026 Results
BUILDING ENVELOPE Q2 2026 RESULTS REVENUES GREW 9.4% ON ABOVE-MARKET VOLUME GROWTH Revenues1 Adjusted EBITDA1,2 • Revenues growth up 9.4% (organically) +9.4% -5.2% • Strong commercial roofing volumes supported by increased system selling and large-scale projects, including data centers and warehousi
Slide 16: Balance Sheet
BALANCE SHEET FLEXIBILITY TO INVEST FOR GROWTH & RETURN CASH TO SHAREHOLDERS Balance Sheet as of June 30, 2026 Interest Expense, Net3 1.7x Baa1 / BBB+ Net Leverage Ratio1 Moody’s / Standard & Poor’s 6.3 years 5.1% Weighted Average Debt Weighted Average Interest Rate Maturity $134M $121M $89M $729M $
Slide 17: 2026 Guidance: Key Drivers
2026 GUIDANCE KEY DRIVERS Commercial Infrastructure Residential ✓ Strong pipeline and backlog of ✓ Robust federal, state and local-level ✓ Expect normal seasonal patterns to customer projects in all business lines funding; policy environment supportive support stable re-roofing in H2 of locally-made
Slide 18: FY 2026 EBITDA Bridge
FY 2026 EBITDA BRIDGE PATH TO GUIDANCE $60M – $80M ($170M) – ($140M) $150M – $170M ~$80M ~($55M) $30M – $50M $3.1B – $3.2B Primarily oil price driven cost inflation $3.0B impacting freight, diesel and raw materials costs Timing difference of price realization and oil price driven cost inflation 1 2
Slide 19: Updated 2026 Guidance
UPDATED 2026 GUIDANCE Revenues $12.5B - $12.7B Adjusted $3.1B - $3.2B EBITDA 19 The Company provides forward-looking guidance regarding Adjusted EBITDA. The Company cannot, without unreasonable effort, forecast certain items required to develop meaningful comparable GAAP financial measures. These it
Slide 20: Appendix
APPENDIX 20 One World Trade Center, New York, NY Amrize inside
Slide 21: Accounting Revision – Q2 2025 Consolidated Income Statement
ACCOUNTING REVISION – Q2 2025 CONSOLIDATED INCOME STATEMENT Amrize Ltd For the three months ended June 30, 2025 ($ in millions, except for per share data) As reported Adj As revised Revenues $ 3,220 $ (2) $ 3,218 Cost of revenues (2,254) (23) (2,277) Gross Profit 966 (25) 941 Selling, general and ad
Slide 22: Accounting Revision – Q2 2025 Adjusted EBITDA Reconciliation
ACCOUNTING REVISION – Q2 2025 ADJUSTED EBITDA AND ADJUSTED EBITDA MARGIN RECONCILIATION Amrize Ltd For the three months Totals may not sum due to rounding. (1) Acquisition and integration-related costs are those incurred for business combinations (including advisory, legal, ended June 30, 2025 valua
Slide 23: Reconciliation of Adjusted EBITDA and Adjusted EBITDA Margin
RECONCILIATION OF ADJUSTED EBITDA AND ADJUSTED EBITDA MARGIN Amrize Ltd For the three months Totals may not sum due to rounding. (1) Prior period financial information includes revisions that were not material to any previously issued consolidated financial statement. See details ended June 30, in s
Slide 24: Reconciliation of Adjusted Diluted Earnings Per Share
RECONCILIATION OF ADJUSTED DILUTED EARNING PER SHARE Totals may not sum due to rounding. Amrize Ltd For the three months (1) Prior period financial information includes revisions that were not material to any previously issued consolidated financial statement. See details ended June 30, in slides 21
Slide 25: Reconciliation of Net Debt and Net Leverage Ratio
RECONCILIATION OF NET DEBT AND NET LEVERAGE RATIO Totals may not sum due to rounding. Amrize Ltd (1) Adjusted EBITDA for the trailing twelve months ended June 30, 2026 calculated using third quarter of 2025, fourth quarter of 2025, and second quarter of 2026 figures as As of June 30, reported. First
Slide 26: © 2026 Amrize. All rights reserved.
© 2026 Amrize. All rights reserved.