Cementir Holding N.v. · MIL:CEM
Cementir — Cemetir Holding — Q1 2026 Earnings Presentation
15 slides from Cementir's earnings presentation, May 7, 2026
Slide 1: 2026 First Quarter Results
2026 First Quarter Results Conference Call Presentation ROME, 7 MAY 2026
Slide 2: Key takeaways
Key takeaways Q1 2026 results impacted by marked seasonality and a different maintenance schedule: the harshest winter in the past 20 years in Europe and Türkiye, together with a different maintenance schedule and a sharper-than-expected volumes and profitability decline in Türkiye Volume down acros
Slide 3: 2026 First quarter results highlights
2026 First quarter results highlights Revenue reached 345.9 M€ (-6.0% yoy); non-GAAP* Revenue Financial Highlights – Non GAAP* reached 344.1 M€ (-7.1% yoy) • Lower volumes across several regions and a 21.4 M€ negative FX impact, mainly due to TRY and USD depreciation • Cement volumes decreased by 3.
Slide 4: Nordic & Baltic
Nordic & Baltic Asset overview Share of Group EBITDA DENMARK • Exceptionally adverse weather conditions in Jan–Feb • Grey domestic cement volumes -10% yoy, the coldest start of 47% the year in 20 years, partial recovery in March (+6%). White (33) cement up 15%, supported by stronger demand (23) • Ex
Slide 5: Belgium and France
Belgium and France* Asset overview Share of Group EBITDA BELGIUM AND FRANCE • Domestic cement volumes up 8% supported by new customers and strong precast segment, despite adverse 42% weather and weak residential demand • Exports up 30% to France and Netherlands driven by new customers; signs of reco
Slide 6: Türkiye
Türkiye Asset overview Share of Group EBITDA TÜRKIYE • From April 2022 Türkiye is considered “hyperinflationary”. -7% Reported figures are non-GAAP i.e. exclude the impacts of hyperinflation and the valuation of non-industrial property • Highly challenging market environment, impacted by (x6) hyperi
Slide 7: North America
North America Asset overview Share of Group EBITDA UNITED STATES • White cement volume were +4% yoy, showing a resilient 10% performance despite competitive pressures, adverse weather and selective pricing dynamics • In Texas volumes moderately down due to a January snowstorm and strong competition
Slide 8: Asia Pacific
Asia Pacific Asset overview Share of Group EBITDA CHINA • Volumes -15% yoy, impacted by stagnant demand, intense competition, heavy snowfall in January and the 1% slowdown around the Chinese New Year • Market environment remains weak despite government stimulus • Revenues decreased -24.7% yoy, refle
Slide 9: Egypt
Egypt Asset overview Share of Group EBITDA EGYPT • Revenues were up ~41.5% despite the Egyptian pound devaluation of 7.7% 6% • Domestic cement volumes increased 50% also benefiting from the timing shift of deliveries from December 2025; macro context remains challenging (high inflation, currency dev
Slide 10: 2026 Guidance confirmed
2026 Guidance confirmed Despite a weak Q1 and the turbulent geopolitical scenario, pending greater visibility on its evolution, we reiterate our full-year guidance REVENUE* (€ BN) EBITDA* (€ M) NET CASH (€ M) Revenue ~ 1.7 BN€ +5% <5% +125 M€ Pro-Forma EBITDA 400 - 420 M€ 1.62 1.70 Pro-Forma 400-420
Slide 11: Appendix
02 Appendix GREEN BELT BRIDGE, DENMARK
Slide 12: Appendix – Consolidated Income Statement – Q1 2026
Appendix – Consolidated Income Statement – Q1 2026 Q1 2026 Q1 2025 (EUR million) Q1 2026 Q1 2025 Chg % Chg % (Non-GAAP)* (Non-GAAP)* REVENUE FROM SALES AND SERVICES 345.9 368.1 (6.0%) 344.1 370.5 (7.1%) Change in inventories (11.8) (2.2) n.m. (11.2) (1.3) n.m. Increase for internal work and other in
Slide 13: M&A track record
M&A track record Since 2001 over EUR 1.8 billion invested with no recourse to shareholder equity 600 254 312 152 112 22 9 125 87 48 4 11 5 11 -315 4 4 -51 2001 2004 2005 2006 2007 2008 2009 2010 2011 2012 Jul-16 Oct-16 Jan-18 Mar-18 2021 2023 2024 2025 2001 - Cimentas AS and Cimbeton AS 2008 - Kudsk
Slide 14: Türkiye historical figures
Türkiye historical figures Türkiye - Cement Market (Mt) * EDIRNE (x6) IZMIR ELAZIG Grey cement plant (3) Waste (1) RMC (23) Quarries (18) Türkiye – EBITDA evolution €M ** PEAK TROUGH Hyperinflation years 83.5 70.6 72.1 73.3 57.0 43.2 44.8 31.3 32.1 30.9 21.5 20.0 11.5 3.2 -8.7 2007 2012 2013 2014 20
Slide 15: Disclaimer and Other information
Disclaimer and Other information This presentation has been prepared by and is the sole responsibility of Cementir Holding N.V. (the “Company”) for the sole purpose described herein. In no case may it or any other Investor Relations: statement (oral or otherwise) made at any time in connection herew