Titan S.a. · EURONEXT:TITC
Titan — Investor Day (November 2025)
106 slides from Titan's investor day presentation, Nov 11, 2025
Slide 1: Titan Group Investor Day
T I TA N M AT E R I A L S Titan Group Investor Day November 11, 2025 1
Slide 2: Agenda
Agenda 01 Welcome 02 A New Growth Plan: TITAN FORWARD 2029 03 US: A New Era of Growth 04 Europe & Eastern Mediterranean: Accelerate Value Growth Break 05 Building Tomorrow: ACMs & Innovation for Sustainable Construction 06 Leading through Digital & New Technologies 07 Delivering on Commitments, Crea
Slide 3: Today’s Presenters
Today’s Presenters Dimitri Alexandra Marcel Bill Yanni Papalexopoulos Papalexopoulou Cobuz Zarkalis Paniaras Chair of the Chair of the Board Chair President & CEO CEO Board Strategy Committee Group ExCo Titan America Titan Europe Jean Philippe Leonidas Samir Antonis Michael John Benard Canellopoulos
Slide 4: Welcome
Welcome Dimitri Papalexopoulos Alexandra Papalexopoulou
Slide 5: A powerful set of values
A powerful set of values … OUR PURPOSE Make the world around us a safe, sustainable and enjoyable place to live OUR VALUES We We We Build We Walk Care Dare To Last The Talk 5
Slide 6: Driving a Strong Culture
Driving a Strong Culture … Long-term Value TITAN Continuity & Creation & Short- way: Resilience coupled term Performance A Caring Meritocracy with Agility Profitable Decarbonization & Innovation Governance & Transparency 6
Slide 7: Allowing for Continuous Growth
Allowing for Continuous Growth … 4 Phases in our History: 1902 - 1960 1960 - 1990 1990 - 2020 2020 - Future Local National Multi-National Transformational First plant in Elefsis Domestic expansion International expansion Decarbonization First exports Corporate Social Vertical integration Technology
Slide 8: TITAN well positioned to capture growth opportunities
with TITAN well positioned to capture growth opportunities US: presence in high growth markets, with an integrated network of assets Our Europe: delivering value through the cycle, with growth opportunities abounding Markets EMED: strong export potential along with macro backdrop and demand improvin
Slide 9: A New Growth Plan: Titan Forward 2029
A New Growth Plan: Titan Forward 2029 Marcel Cobuz 9
Slide 10: Growth Plan 2029 Key Takeaways
Growth Plan 2029 Key Takeaways Outperformed Achieved 2026 Valuation Gap the markets targets 1 year in above x2 current since 2022 advance & Market Cap. Top TSR Positioned for Able to deploy Targeting Value growth €3-4bn mainly Double-digit in Europe & US for growth profitability Alternative Cementit
Slide 11: Building a future-ready TITAN to deliver top of class growth and returns
2029 Building a future- ready TITAN to deliver top of class growth and returns 11
Slide 12: A strong and highly diverse team committed to executing growth strategy
A strong and highly diverse team committed to executing growth strategy Representative illustration of industrial & market experience and new capabilities Marcel Cobuz Jean-Philippe Benard Samir Cairae Leonidas Michael Colakides Alexandra Eleftheriou John Ioannou Antonis Kyrkos Christos Panagopoulos
Slide 13: TITAN 2023-2025 at a Glance
TITAN 2023-2025 at a Glance Record Financials and Sustained Value Performance 2 ROCE : €2.8bn 1 17.7% 6,000 (+7% CAGR) Shareholder returns3: > 3,000 joined Sales Returns Employees since 2023 €350m Leader €617m 15 bolt-ons 4 World’s most (+23% CAGR) €700m+ in CapEx sustainable EBITDA Investments comp
Slide 14: Leading Player with Strong Portfolio of Businesses in Attractive Markets
Leading Player with Strong Portfolio of Businesses in Attractive Markets and 240 industrial sites with unmatched logistics Leveraging on Our Unique Business Model with Leading Market Positions USA Europe & Row 2 cement plants 11 cement plants 3 multi-material Marine import hubs 3 grinding plants 83
Slide 15: Titan is responding to increasing regionalization and other megatrends
Titan is responding to increasing regionalization and other megatrends that are shaping our markets at different paces Macro & Geopolitical Regionalization Alternative Materials Tech Revolution Aging Infrastructure, Volatility of Supply Chains in Increasing Demand & AI driven demand Housing shortage
Slide 16: Progress Update: Financial Targets 2023-2026 Achieved One Year Earlier
Progress Update: Financial Targets 2023-2026 Achieved One Year Earlier Targets Achieved since 2023 CMD Previous CMD Targets for 2026 Sales Growth EBITDA Growth ROCE1 EPS Net Debt/EBITDA Reach €3bn >10% p.a. >12% p.a. €3/share 1.5x-2x (7% p.a.) Progress Progress: as of Sep 2025 LTM3 bn € m€ % €/share
Slide 17: Foundational capabilities in place since 2023
Since 2023 foundational capabilities in place that allow us to accelerate going forward Unlocking €700M+ 15 Bolt-ons 30% New Entry INVESTMENTS funds (incl. 2 multi-material & JVs Products Precast hubs in US & Europe, in Aggregates, Precast, RMC Low clinker & high- Diversification new for Growth logi
Slide 18: 2025-2029: Strategic Priorities for Capturing Growth and Sustain Returns
2025-2029: Strategic Priorities for Capturing Growth and Sustain Returns 01. Deliver 02. Expand 03. Invest Superior Growth in Core Business Alternative Cementitious And Scale Up New (Cement and Aggregates) Materials Platform Technologies and Platforms Expand capacity and export mix (US) Accelerate s
Slide 19: Building Capacity to deploy up to €2bn in Growth CapEx and M&A
01 Building Capacity to deploy up to €2bn in Growth CapEx and M&A to expand core heavy materials business Industrial, Optimize footprint Commercial Further expand Core Decarbonization, Digital and expand capacity Transformation Aggregates efficiencies: €100m Invest and Maintain Invest in export-mix
Slide 20: Deploying €0.5bn capital in reserves and M&A for ACMs
02 Deploying €0.5bn capital in reserves and M&A and accelerate market introduction of Alternative Cementitious Materials (ACMs) Establishing Partnerships Around the Globe while Investing in Our Own Assets 01 02 03 Continue securing long-term Investing in logistics, Leveraging proprietary access to A
Slide 21: Investing €0.4bn in Innovation, New Product Platforms and Next Generation Technologies
03 Investing €0.4bn in Innovation, New Product Platforms and Next Generation Technologies New Platforms New Technologies Product adjacencies platforms Next-Gen Manufacturing Precast product platform in Europe & US CCS for zero-carbon clinker in Europe Products for building renovation segment Calcine
Slide 22: Leveraging the Unique Strength of a Global Operating Model
04 Leveraging the Unique Strength of a Global Operating Model Market-based Commercial and Fit for purpose skills Strong safety culture performance model marketing excellence matrix and empowered and adaptable delivery learning organization models Best operating Disciplined capital Integrated supply
Slide 23: Growth Targets 2029: €3-4bn Capital to deploy
Continue delivering top returns and margin expansion as key Growth Targets 2029 Sales Growth EBITDA Growth EPS ROCE1 Net Debt / EBITDA 6-8% p.a. 11-13% p.a. €5-6/share 15-17% p.a. 1.5x-2.0x Alternative Investments in Operational Specific net direct Cementitious Materials Innovation2 efficiencies CO2
Slide 24: Summary: 2029 Directions For Growth and Value Creation
Summary: 2029 Directions For Growth and Value Creation Double-digit Top Value growth Capacity to Valuation Gap profitability returns in Europe deploy €3-4bn above & US x2 current Market Cap. Building a future-ready TITAN delivering top of class growth and returns 24
Slide 25: US: A New Era of Growth
US: A New Era of Growth Bill Zarkalis
Slide 26: A Leading, Fully Integrated Player in the Fast-growing Mega-regions of the US East Coast
A Leading, Fully Integrated Player in the Fast-growing Mega-regions of the US East Coast Pennsylvania 2 Cement Plants New Jersey Ohio Indiana New York / New Jersey West 3 Multi-material Marine Import hubs Virginia Cement Market share in ~24% Virginia the Metro New York market1 7 Aggregates/Clay quar
Slide 27: Well-Positioned After Ten Years of Outperforming the Market
Well-Positioned After Ten Years of Outperforming the Market We Believe Our Industry is Entering A New Multi-Year Growth Phase Titan America Cement Sales Volumes 2025 LTM2 2013 Market Size & TA Sales Index = 100 213 $1,656m 125 Sales 100 $380m 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 20
Slide 28: Vertically Integrated Business Model Provides Strategic Flexibility
Vertically Integrated Business Model Provides Strategic Flexibility Integrated Downstream Product Lines Serve as Channels-To-Market for Upstream Products Upstream Clay Have built a comprehensive, uniquely Products Fly-Ash integrated, interconnected product mix Slag Cement Cementitious Pozzolans Aggr
Slide 29: Hard to Replicate Comprehensive Logistics Network
Hard to Replicate Comprehensive Logistics Network with Strategically Placed Facilities and Terminals Florida Business Mid-Atlantic Business Jacksonville Essex St. Augustine Washington DC Orlando Edgewater 61% Roanoke Richmond 39% Tampa Melbourne Nortfolk Bristol Ft. Pierce Winston-Salem Palm Beach F
Slide 30: Capitalizing on Trends Driving a Powerful Multi-Year Growth Cycle in the USA
Capitalizing on Trends Driving a Powerful Multi-Year Growth Cycle in the USA Our Attractive Regions Infrastructure Dynamic Transformation & Residential Underbuilt & Onshoring Spending Themes Titan America has leading market 11% 01 Digitalization and AI positions in mega-regions with Roads & Bridges
Slide 31: Strategic Priorities for a New Multi-Year Growth Phase
Strategic Priorities for What We Believe to be a New Multi-Year Growth Phase in the Industry 01 02 Accelerate growth with new materials Build on strong market service models and adjacencies 03 04 Deploy capital in Apply technology as a critical accretive M&A growth enabler for growth 31
Slide 32: Core Growth Strategies
01 Core Growth Strategies Expand Cement Grow Aggregates Grow ACM Strengthen RMC / Capacity Business Products Business Block Business Ongoing investment Expanding reserves Expanding domestic Invest in new greenfield in Pennsuco and in existing mines fly ash production RMC plants Roanoke plants Recove
Slide 33: Innovating Across Four Transformational Megatrends
02 Innovating Across Four Transformational Megatrends High Performing Materials New Construction Circular Climate with Low Carbon Content Technologies Economy Adaptation High performing cementitious 3D concrete printing Alternative raw materials Blue-green nature-based products – Type IL, Type IT, i
Slide 34: Titan America Capitalizes on US Data Center Mega Trend
02 Titan America Capitalizes on US Data Center Mega Trend Data Centers are a major growth lever in the areas Hyperscale Data Center Capacity by County/Region Titan America Markets Rest of World where Titan America operates. (MW of Operational Critical IT Load – Q1 2025) US - N. Virginia China - Beij
Slide 35: Titan America Products Are Redefining the Future of Large-Scale Infrastructure
02 Titan America Products Are Redefining the Future of Large- Scale Infrastructure and Private Non-Residential Projects West Court Orlando Data Centers I-40/I-77 Interchange Rebuild Orlando, Florida Northern Virginia Statesville, North Carolina Newark International Airport Terminal B Everglades Agri
Slide 36: Targeting Adjacent Products and Markets for Strategic Growth
02 Targeting Adjacent Products and Markets for Strategic Growth New Businesses Complementing and Enhancing our Current offerings Lintels Mortars The missing supporting component to out Near Term Continuing to expand into new high- strong block presence performance products ACM/White Cement Heavy Ind
Slide 37: M&A and Greenfield Investments a Core Part of the Playbook
03 M&A and Greenfield Investments a Core Part of the Titan America’s Playbook Disciplined Strategy and Strong Pipeline Clear Strategic Financial Actionable Priorities Discipline Universe Primarily target bolt-ons Accretive to margin Aggregates Supporting Our Markets Bolster core operations Strong sy
Slide 38: Reinvent Operations Across Value Chain
04 Accelerate Transformation through Proprietary Digital Platform Reinvent Operations Manufacturing Supply Chain & Customer Across Value Chain Real Time Asset Optimizers Dynamic Logistics (AI-based) Failure Spare Parts Inventory Prediction Optimization Quality Prediction Digitized S&OP Manufacturing
Slide 39: Strategic Projects & Investments will Improve EBITDA Levels
Strategic Projects & Investments will Improve EBITDA Levels Capturing the Anticipated Market Growth CAPEX EBITDA in million $ in million $ 380 359 319 137 119 201 161 44 2020 2021 2022 2023 2024 2025 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 LTM LTM Notes: LTM: Last twelve mon
Slide 40: Key Takeaways
Key Takeaways A Leading, Integrated Building Materials Producer Serving the High Growth U.S. East Coast Leading Market Positions in the Eastern Seaboard Mega-Regions Powerful Multi-Year Growth Phase in the United States Strategic Flexibility from a Vertically Integrated Model In-Place Capacity and
Slide 41: Europe & Eastern Mediterranean: Accelerate Value Growth
Europe & Eastern Mediterranean: Accelerate Value Growth Yanni Paniaras
Slide 42: Europe & E.MED.: Leading and profitable positions in high potential markets
Europe & E.MED.: Leading and profitable positions in high potential markets 10 2 2025 LTM(1) Cement Plants Grinding Plants 3 10 Cementitious Sites (1 JV) Aggregate Quarries €1,176m Sales 42 4 Concrete Plants Multi-material Marine import hubs 1 1 €275m Concrete Precast Mortar Plant Plant (JV) EBITDA
Slide 43: Positive Outlook with Favourable trends in all markets
Positive Outlook with Favourable trends in all markets EU Green Deal Product >€5bn €1.5bn EU co-founded European Union & UK Renewal of building stock innovation & Building stock Infrastructure decommoditization renewal programs Infrastructure demand (GR, BU) Remittances & FDI >€50bn >€10bn >10bn €6b
Slide 44: Greece & Bulgaria: Infrastructure-led growth
Greece & Bulgaria: Well-positioned to serve Infrastructure-led growth TITAN Positioned Near the Countries’ TITAN’s presence Largest Projects Ready-mix units & Quarries Current cement demand levels still Ready-mix units Quarries below long-term average Cement Consumption in Greece & Bulgaria m tons S
Slide 45: Western Balkans: Leading position in a strong market cluster
Western Balkans: Leading position in a consistently strong market cluster Supported by Favorable Regional Economic Convergence drives high cement and Country Developments Consumption in Western Balkans EU Access Convergence of Cement Consumption Potential to supply €18tn (GDP) for markets GDP conver
Slide 46: Western Europe: Innovative products to support decarbonization
Western Europe: Providing innovative products to support decarbonization drive Regulation Driving ...Visible by the Path Ahead… …Setting New Decarbonisation… Business Opportunities Future Carbon Prices Pricing € / t CO2 Reduced Clinker Content EU committed a CO2 55% drop by 2030 and neutrality by 20
Slide 47: Egypt & Türkiye: Competitive Hub for regional and export markets
Egypt & Türkiye: Competitive Hub for regional and export markets Normalized Macroeconomic Environment Post-War Reconstruction Strong Export Potential Black Sea Atlantic Türkiye Syria Cyprus Iran Lebanon Iraq Israel Jordan Egypt 7% CAGR 2025-2030 real GDP(1) Kuwait Cement exports from Egypt doubled i
Slide 48: Our Strategic Priorities: Sustainability-led growth
Our Strategic Priorities: Sustainability-led growth in our core business, in new products and in adjacent businesses 01. Deliver 02. Expand 03. Invest Superior Growth in Alternative Cementitious And Scale Up New Core Business Materials Platform Products & Technologies Invest in precast, mortars Grow
Slide 49: Europe: Value Growth Through Vertical Integration
Europe: Value Growth Through Vertical Integration Growth in Europe Sales Breakdown Greece Greece Serving major projects with Expand our aggregates and mobile Ready-mix units, e.g., ready-mix geographic 2025 Kasteli airport, AIA, Hellas footprint, e.g., Thessaly, 2024 Mid-term Estimate Gold, Elliniko
Slide 50: Europe: Launching Added Products & Solutions
Europe: Launching Added Products & Solutions Shifting product-mix: Low-carbon Value-added Solutions: Serving high-performance products evolving customers’ needs Sales % (volumes) of Low-clinker products Offerings to double, reaching 25% of Ready-Mix sales ~x2 >2x 72% >2x Margin vs Commodity-based So
Slide 51: Europe & EMED: Leveraging Seaborne Integrated Business Model
Europe & EMED: Leveraging Seaborne Integrated Business Model Utilize exporting assets for low-clinker products & global exports 01. Integrated with EU markets Terminal sales by product - Italy for Low-clinker products High value-added exports from Greek plants Low CO2 2029 products Footprint expansi
Slide 52: Europe: Investing in Adjacencies
Europe: Investing in Adjacencies Precast products Mortars Entered the precast concrete market in Bosnia Investing in expanding the mortars business in Greece Growth drivers Growth drivers Growing markets Major export <70% <30% <50% <20% of repairs & potential in the Reduced Manpower Cost Savings Fas
Slide 53: Today’s High Profitability fuels tomorrow’s growth
Today’s High Profitability fuels tomorrow’s growth Growth Capex Growing EBITDA €m €m Since 2023 >€200m in Growth Capex x2 profitability levels and #8 bolt-on acquisitions expected to further grow 148 258 107 101 >x2 85 124 47 114 29 2020 2021 2022 2023 2024 2025E 2013 -2019 Average 2020-2022 Average
Slide 54: Key Takeaways
Key Takeaways Strong market drivers for decarbonization in Europe, for integration of the Western Balkans with Europe and for stability in the East. Mediterranean Well-interconnected business model in Europe & the Mediterranean coastal locations Achieved a new level of profitability and investing fo
Slide 55: Building Tomorrow: ACMs & Innovation for Sustainable Construction
Building Tomorrow: ACMs & Innovation for Sustainable Construction Jean-Philippe Benard Leonidas Canellopoulos 55
Slide 56: Shaping the Future of Construction, while Driving Growth
Shaping the Future of Construction, while Driving Growth Unlocking Value through Alternative Cementitious Materials (ACMs) and Strategic Innovation Construction Value creation through growth megatrends Doubling down on and decarbonization Alternative ACMs and New Products Cementitious 01 10% revenue
Slide 57: 24% CO2 Reduction Delivered – Accelerating Toward Net Zero
24% CO2 Reduction Delivered – Accelerating Toward a Net Zero Future Tangible CO2 Reductions in Line With our Science-based Commitments Strong Track Record A Whole New Level of Ambition Commitment to Net Zero in CO2 Emission With Science-based Targets for Developing Products and Solutions Reduction S
Slide 58: Investing €200m: Over 100 Initiatives Driving Sustainable Transformation
Investing €200m: Over 100 Initiatives Driving Sustainable Transformation Accelerating Decarbonization, Innovation, and Circular Growth Across our Value Chain By 2030 Economic Benefits Alternative >50% Fuels >80% in core plants Cost-effective energy & raw materials mix • Real-Time Optimizers Operatio
Slide 59: Unlocking €120m Annual Savings by 2029
Unlocking €120m Annual Savings by 2029 - €35m already achieved Significantly Decarbonizing our Revenue Annual Decarbonization Savings in €m >20 120 6.5 Kgs C02 / >15 € revenue >20 3.8 Kgs C02 / € revenue >30 2.7 35 Kgs C02 / € revenue 2021 2025 2029 Savings Alternative ACM Introduction Energy CO2 Sa
Slide 60: Doubling down on ACMs while continuing CCUS exploration
Doubling down on ACMs while continuing CCUS technology exploration Decarbonizing in a capital efficient way to achieve Net Zero Contributions to achieve net zero by 20501 (%) 4% 5% 2% 3% 22% 21% 11% 44% Doubling down 15% 9% on ACMs 11% 16% CO2 sink: Recarbonation 49% 36% Decarbonisation of electrici
Slide 61: Alternative Cementitious Materials: From Raw Materials to New Business
Alternative Cementitious Materials: From Raw Materials to New Business Supporting our decarbonization road map and delivering high-value solutions for our customers What are the ACMs? Materials partially replacing clinker in cement or concrete, while maintaining performance Examples of ACMs We Handl
Slide 62: Alternative Cementitious Materials: A New Business Driving Growth
Alternative Cementitious Materials: A New Business Driving Growth Placing ACMs at the core of our strategy plan The opportunity: A growing ACM market Our 2029 Ambition Today 2030-’35 Cement Concrete Leveraging New added 3x increase our value Cement volume of technology ~20 Mt ACM Decreased CO2 ACMs
Slide 63: Turning Vision into Action
Turning Vision into Action TITAN at the Forefront of Securing Reserves and Developing Infrastructure Reserves Infrastructure Research & Development Aegean Perlites Vezirhan (Türkiye) Fiddler’s Ferry (UK) Tampa (USA) Low-carbon Cements (Greece) Pozzolan quarry: ~40 Mt Circular economy: ~300 kt/yr New
Slide 64: Empowering Growth Through Strategic Innovation
Empowering Growth Through Strategic Innovation To Enable More Efficient, Safe and Sustainable Construction Solutions for Climate Circularity in the Enhanced Productivity Change Built Environment in Construction ACM activation and low-CO2 binders Alternative raw materials and fuels 3D printing and mo
Slide 65: Market-backed Innovation Pipeline
Market-backed Innovation Pipeline Turning megatrends into launch-ready products across priority verticals Focus Verticals Market-launch 2025-2029 Market-launch 2029+ Our efforts & positioning Data 100+ projects Centers Seamless Carbon-negative across selected verticals floors ACMs Industrial buildin
Slide 66: Transforming Bold Ideas into Real-World Solutions
Transforming Bold Ideas into Real-World Solutions With State-Of-The-Art Research and Customer Experience Centres, and a Strong Innovation Culture TITAN Global R&D Center, Kamari TITAN AMERICA Innovation Hub, Center for Advanced Technologies Greece Miami, FL Patra, Greece 300+ 350+ TITAN Innovators N
Slide 67: Innovation in Motion: €100m+ Investment to Pilot & Scale New Technologies
Innovation in Motion: €100m+ Investment to Pilot & Scale New Technologies Integrating Innovative Solutions and Partnerships to Accelerate Growth and Competitiveness Direct Investment in 6 startups LP in 2 Funds Transforming low-cost intermittent Using CO2 emissions to transform High-performance, nat
Slide 68: Leading through Digital & New Technologies
Leading through Digital & New Technologies Samir Cairae Antonis Kyrkos
Slide 69: Reaching the next level of operational excellence and customer solutions
Reaching the next level of operational excellence and customer solutions Operational excellence €100m New Manufacturing Technologies Digitalization of Operations Savings Shaping Tomorrow Future ready, New Materials, Carbon Capture Digital Innovation Customer-centric 69
Slide 70: Innovating and achieving efficiency gains from Energy and Materials
Innovating and achieving efficiency gains from Energy and Materials Building on our past success Our next leap forward Energy Accelerate mature tech Reliability Waste Heat Recovery Fuel Substitution Alternative Fuels to substitute coal Introduce new tech Efficiency & New Materials: Calcined clay, Ma
Slide 71: Turning Waste into Energy
Turning Waste into Energy Waste Heat Recovery Alternative Fuels Captures waste heat to produce energy Accelerating Usage of waste fuel Currently 50% of heat is wasted to the atmosphere New generation dryers, Hydrogen, Hi-tech flow modelling Benefits Benefits Circular Economy: Reduce dependency Reduc
Slide 72: Investing and Partnering to scale up Next Gen Materials
Investing and Partnering to scale up Next Gen Materials for emerging customer needs Thermal Activation Mechanical Activation Calcined Clay Adapt New Technologies for smart materials Benefits Benefits Improved concrete Utilize unusable 83% CO2 reduction Solving Resource Scarcity strength & durability
Slide 73: Leading Innovation at Scale: IFESTOS
Leading Innovation at Scale: IFESTOS Largest cement carbon capture project in Europe Capture Permanent Liquefaction Ship Transport Kamari plant, Greece Geological Storage Funded by the EU Innovation Fund with €234m Benefits Progress • ~3.0m tonnes of zero-carbon cement • Engineering studies ongoing
Slide 74: Building the future: Designing high-performance materials
Building the future: Designing high-performance materials Patras Center for Advanced Technologies Driving a technology funnel across different horizons 10 5 Emerging 4 Established Early Stage 74
Slide 75: Leading in digitizing end-to-end the building materials industry
Leading in digitizing end-to-end the building materials industry Top 5% >300 champions in manufacturing €30m digitalization Investments 80% digitally-enabled assets €30m p.a. Achievements Recurring benefit 3 digital start-ups New Digitize end-to-end Operations Customer People business Plan Customer
Slide 76: Scaling up solutions, driving continuous operational excellence gains
Scaling up solutions, driving continuous operational excellence gains & future readiness Unique Products & Solutions Production Ready-mix Reliability Customer Optimization Operations Real Time Optimizers Predictive Logistics Customer portals Quality optimization maintenance Mix-design Push notificat
Slide 77: Becoming an Agentic Enterprise: scaling up GenAI
Becoming an Agentic Enterprise: scaling up GenAI based on our proven model Deployed Solutions GenAI Applications Under Development >20% of Staff Enabled by GenAI Customer Care Agent Cement Production Agent Reporting & Analytics Assistant Maintenance Agent Coding Assistant Enterprise Processes Agents
Slide 78: Establishing new Digital Business Models
Establishing new Digital Business Models: TITAN’s digital business €300m-€500m Addressable market1 “ By the Global reach cement Serving clients in 4 continents 2 Service centers industry, for the cement Best-in-class solutions industry“ AI optimization & Predictive maintenance Note: 1. Portion of th
Slide 79: Accelerating our unique approach to Innovation
Accelerating our unique approach to Innovation Digital Accelerator 01 02 Startup Ecosystem/ VC 03 Academia Thessaloniki Industrial AI: real-time optimization Smart robotics Collaboration on Digital Innovation GenAI for Smart AI solution for concrete mix Launch topic: Digital Twins Manufacturing desi
Slide 80: Our Digital Transformation Targets
Our Digital Transformation Targets Operational Efficiencies Sales orders through +50-100bps EBITDA digital channels margin uplift >80% Employees digitally Digital Innovation/ R&D ROI upskilled 100% 2+ new GenAI solutions p.a. > 5x 80
Slide 81: Future! Actively shaping the future of the industry
Actively shaping the future of the industry Technology Patras Center driving next-gen materials IFESTOS: Largest European cement CCS Operational Excellence €100M cost reduction Energy & Materials Future Ready ROI >5x from digital & AI initiatives Fully digital enterprise Fit for the Future! 81
Slide 82: Delivering on Commitments & Creating Lasting Shareholders Value
Delivering on Commitments & Creating Lasting Shareholders Value Michael Colakides John Ioannou 82
Slide 83: Sales growth supports higher EBITDA growth (CAGR 23%)
Sales growth supports higher EBITDA growth (CAGR 23%) exceeding target Group Sales Group EBITDA EBITDA EBITDA Margin (%) €m €m 7% CAGR 3,000 23% CAGR ~ 2,8003 22.4 23.1 21.2 592 617 > 10% 2,672* 2,644 540 p.a. 2,547 2,282 14.5 331 2022 2023 2024 2025 LTM 2026 2022 2023 2024 2025 LTM 2026 * Not adjus
Slide 84: Double Digit Profitability Growth Across All Regions
Double Digit Profitability Growth Across All Regions USA Greece & Western Europe Sales EBITDA €m 1,496 €m 1,306 509 334 342 185 23% CAGR 32 65 26% CAGR 2022 2025 LTM 2022 2025 LTM Southeastern Europe Eastern Mediterranean €m €m 386 414 256 253 154 2 95 17% CAGR 57 20 42% CAGR 2022 2025 LTM 2022 2025
Slide 85: Returns on Capital Employed & Earnings per Share more than doubled vs 2022
Returns on Capital Employed & Earnings per Share more than doubled vs 2022 Group ROCE2 Group EPS (%) (€) 44% CAGR > x2 €4.2 €4.3 17.8% 17.7% €3.6 16.9% €3.0 12.0% 7.0% 3.2 €1.5 2022 2023 2024 2025 LTM 2026 2022 2023 2024 2025 LTM 2026 Notes: 1. LTM: Last Twelve Months as of Sep 2025 2. ROCE: EBIT/ A
Slide 86: Stronger Balance Sheet with Lower Leverage & Improved Credit Ratings
Stronger Balance Sheet with Lower Leverage & Improved Credit Ratings Leverage Credit Rating 934 903 3.8 797 800 759 735 745 713 694 684 660 2.8 622 2026 Target BB+ / positive outlook 2.6 (November ‘25) 2.4 2.4 1.5x – 2.0x Net Debt /1.8 400 EBITDA 302 Net Debt (€m) 1.2 Gross Debt (€m) 1.0 0.8 Net Deb
Slide 87: Overperforming Peers Since 2022 in Both Sales and EBITDA Profitability Growth
Overperforming Peers Since 2022 in Both Sales and EBITDA Profitability Growth Sales Growth TITAN Peers EU & Global Peers US EBITDA Growth TITAN Peers EU & Global Peers US (2022 – 2024 CAGR) (2022 – 2024 CAGR) 8% 32% 20% 17% 4% 4% 4% 14% 3% 3% 11% 12% 9% 10% 1% 5% 0% 1% -1% -5% Peers EU & Global: Buz
Slide 88: Investing for Growth, while Generating Growing Returns
Investing for Growth, while Generating Growing Returns Group Capital Allocation Returns to Shareholders (€m) (€m) Focusing on growth CapEx and returns to shareholders Target Growth >10% YoY 2023-2025 YTD Dividend Special Dividend Share Buyback 243 (361) Discretionary Free Cash Flow 12 102 (244) €1,1
Slide 89: Shaping the Next Chapter of Profitable Growth
Shaping the Next Chapter of Profitable Growth Proven performance, Strong foundation, Positioned for the Next Chapter of Profitable Growth 2025 – 2029 Key financial priorities Consistent Robust Growth Sector Shareholder Margin Balance Oriented Capital Top Value Expansion Sheet Allocation Returns Crea
Slide 90: Top-line growth and cost initiatives drive Margin Expansion
Top-line growth and cost initiatives drive Margin Expansion Group Sales Ambition Group EBITDA Ambition (€m) (€m) €4bn €1bn 6% - 8% CAGR > 200 11% - 13% CAGR >50 > 600 >100 >150 2,672 617 Sales Volume/price New Sales EBITDA Volume/price Cost New EBITDA 2025LTM & Mix effect Business 2029 2025 LTM & Mi
Slide 91: Robust Balance Sheet Provides Ample Funding Capacity
Robust Balance Sheet Provides Ample Funding Capacity for Growth Investments Additional Debt Capacity of € 1.0 - 1.5 bn Total Firepower Capacity € 3 - 4 bn Net Debt / EBITDA Funding Capacity x € bn Low Leverage € 1.0 - 1.5 €3-4 Upgraded Credit Rating 1.5x - 2.0x + € 1.0 - 1.5 bn Long-term Bond maturi
Slide 92: Growth-Oriented Capital Allocation
Growth-Oriented Capital Allocation Uses of Capital for 2026 - 2029 Capital Allocation Principles Shareholder Returns Disciplined 14% Dividend Policy Maintenance CAPEX 14% € 3 - 4 bn Growth CAPEX Up to Maintain Best in-Class Assets €3 bn To be deployed 35% Growth Prioritize Growth 2026-29 Investments
Slide 93: Up to €3 bn in Organic and Inorganic Growth Investments
Up to €3 bn in Organic and Inorganic Growth Investments Execution Principles Growth Investments Sales Expansion Alternative Volume growth with improved product mix Cementitious Materials Platform Attractive ROCE / Accretive to margin Operational Cost Efficiencies Energy & Raw materials’ cost improve
Slide 94: Continue delivering sector top returns
Continue delivering sector top returns Group ROCE1 2024 (%) 2029 (%) 17.8% 15% - 17% 16.6% 13.6% EU & Global Heavy US Majors Peers2 Peers2 Notes: 1. ROCE: EBIT/ Average Capital Employed = Net Debt + Equity 2. Peers include: EU & Global: Buzzi, Vicat, Cementir, CRH, Heidelberg Materials, Holcim and U
Slide 95: Creating Long Term Value for Shareholders
Creating Long Term Value for Shareholders Double Digit Dividend Growth Group Earnings Per Share (EPS) Shareholder Returns (€) (€m) > 10% €5-6 Dividend p.a. Share Buyback €4.3 €89 12 €62 24 €1.5 77 38 2022 2025 LTM 2029 2022 2025 3 2029 Notes: 1. LTM: Last Twelve Months as of Sep 2025 2. EPS 2025LTM:
Slide 96: Why Invest in us?
Why Invest in us? 2025 – 2029 Sales EBITDA Proven ability to execute, deliver 01 and outperform 6% - 8% 11% - 13% CAGR CAGR Clear Capital Allocation Framework, EPS ROCE1 02 driving profitable growth €5-6/share 15% - 17% Net Debt Credit Strategic pipeline of value accretive 03 opportunities /EBITDA R
Slide 97: Closing Remarks
Closing Remarks Marcel Cobuz
Slide 98: Delivering on Commitments, Creating Lasting Value
Delivering on Commitments, Creating Lasting Value Overperforming Peers Since 2022 in Both Sales and EBITDA Profitability Growth Sales Growth CAGR EBITDA Growth CAGR 2022-2025 September LTM, reported figures 2022-2025 September LTM, reported figures 23.1% 5.4% 3.3% 8.7% 1.5% 5.4% Titan Europe & Globa
Slide 99: Trading at significant discount to SOTP
Trading at significant discount to SOTP Market Cap. in €bn €7.0 14.5x TITAN US Implied Valuation based on 2025E US Comps Valuation €3.1 7.5x 7.7x TITAN US TITAN Ex-US EXCL USA Implied Valuation based on 2025E EU 2.0x Comps Valuation TITAN Ex-US EXCL USA Current Implied Market Cap. Market Cap. 5.1x 1
Slide 100: Growth Plan 2029 Key Takeaways
Growth Plan 2029 Key Takeaways Outperformed Achieved 2026 Valuation Gap the markets targets 1 year in above x2 current since 2022 advance & Market Cap. Top TSR Positioned for Able to deploy Targeting Value growth €3-4bn mainly Double-digit in Europe & US for growth profitability Alternative Cementit
Slide 101: Appendix
Za N TITA Z pendix Ap
Slide 102: Presenters’ CVs
Presenters’ CVs Dimitri Papalexopoulos Alexandra Papalexopoulou Marcel Cobuz Chair of the Board of Directors Chair of the Board Strategy Committee Chair of the Group ExCo Dimitri Papalexopoulos is the Chair of the Board of Directors of Titan Alexandra Papalexopoulou is an Executive Member of the Boa
Slide 103: Presenters’ CVs
Presenters’ CVs Bill Zarkalis Yanni Paniaras Jean Philippe Benard President & CEO Titan America CEO Europe Group Chief Executive Cementitious & Energy Bill Zarkalis, in addition to his responsibilities as President and CEO of Yanni Paniaras studied Civil Engineering at Imperial College (BSc, MSc) Je
Slide 104: Presenters’ CVs
Presenters’ CVs Leonidas Canellopoulos Antonis Kyrkos Samir Cairae Chief Innovation & Sustainability Officer Chief Digital & Strategy Officer Chief Technology Officer Leonidas Canellopoulos is the Chief Innovation & Sustainability Officer Antonis Kyrkos joined Titan Cement Group in 2015. He is Titan
Slide 105: Presenters’ CVs
Presenters’ CVs Michael Colakides John Ioannou Managing Director of Titan Group CFO & previous Group CFO Michael Colakides started his career at Citibank Greece where he worked for 14 years, and over time held the John Ioannou is an internationally accomplished senior executive and board advisor wit
Slide 106: Legal Notice/Disclaimer
Legal Notice/Disclaimer By accessing this presentation, you acknowledge that you have read, understood and accepted the terms of this disclaimer. This presentation (“the Presentation”) has been prepared by Titan SA (the “Company” and together with its subsidiaries, “the Group”) is being provided for